When you build a community, you create a social identity. The Social Identity Cycle consists of three stages: identification (person identifies with the community), participation (member takes action to participate in community), and validation (member rewarded for action). Remember to invest in diversity, equity, and inclusion from day one.
Income share agreements (ISAs) align economic incentives in ways that encourage us to help others beyond our extended family, give people economic opportunity who don’t have it today, and free people from the shackles of debt.
An activation metric is a measure of how many actions a user takes to receive value out of a product. Essentially, it is what a user has to do before they get value from the product.
Shared ownership of social tokens among community members contributes to long-term value alignment. It is just the beginning when it comes to experimenting with new ways of rewarding community members for their participation and empowering community members through governance.
The entire ecosystem of filmmaking blogs, podcasts, and YouTube channels was recycling news and churning out half-baked content at a remarkable pace. From my perch atop the ecosystem, I could watch a story break, then spread from one aggregator to the next, eventually blanketing our entire corner of the internet in a thick smog of mediocrity.