The Rise of Micro-Economies

Crypto economies have already begun to shape the future of work. They blend how we play, learn, organize, socialize, and create, with ownership and income generation. In this sense, what is currently transpiring is much broader than work.

A strong social fabric and the right tech stack will unleash a new wave of bottom-up economic experiments: interest-free P2P borrowing, anonymous lending pools, collective insurance, socialized ETFs, DAO-based freelancer unions, rotating savings schemes, revshare guilds, meme venture syndicates, crypto ponzis, exit scams, in-browser miners, upstate... See more

-Cryptonetworks and decentralized autonomous organizations (DAOs) as the future of internet-native co-ops: Such networks address two major issues that have prevented traditional cooperative businesses from becoming pervasive: access to capital and complexity of governance. With the issuance of a token, cryptonetworks can benefit from market specula... See more

By banding together, creators have the chance to change this, forming effective, high-signal syndicates. In doing so, they solve a critical issue for startups: distribution. By aggregating audiences, they can serve new companies to a large pool of consumers and businesses.

While they have much in common with more traditional organizations, tokenized communities promote fundamentally different economic models than the mainstream organizations that preceded them.

With decentralized protocols, "come for the creator, stay for the network" becomes "come for the creator, stay for the economy". Creators will have ownership stakes in the internet economies they're building. They'll be incentivized to hype up other creators. To invest in the community. To direct traffic. To provide support. Fans, curators, and com... See more

Payments and identity are attractors for wealth, power, centralization, and all the problems that come along with those things.Aggregators emerged at the intersection of these attractors, and broke the evolutionary loop of technology, leveraging network effects to fend off componentization and freeze the evolutionary landscape in place.Now into thi... See more