DAMN

A DAMN can be characterized by three fundamental features:

1) A tokenized network owned by its users

The next step-function innovation in consumer crypto will be DAMNs: decentralized autonomous media networks. If DAOs represent the next evolution of the corporation, DAMNs represent the next evolution of networked media.

2) Built-in incentives for users to coordinate in adding value to the network. Because DAMN participants own their network, they are naturally incentivized to coordinate in increasing the network’s value. With a DAMN structure, the network’s value is a direct function of the demand for its token. The demand for a network’s token increases as more p... See more

3) While DAOs can have infinite purposes (building products, collecting NFTs, forming social clubs, etc.), DAMNs have a single utility: create and distribute media.

DAMNs don’t need to monetize via advertising. On the contrary, the network-owning participants can natively earn from their contributions by creating demand for the DAMN’s token and raising its price.