If digital art and PFPs are good news for visual artists, fan tokens unlock a whole new value stream for the rest of the entertainment industry (film, music, sports in particular). They also break the stranglehold that LA has over film and music, better connecting up-and-comers, growing the pie for all creators, and slashing LA producer “take rates... See more
Terms like “best effort” are both common in contracts and soft in nature. Who shall determine best effort? We will see the rise of “subjective oracles’’ to address this issue. People will be able to serve as judges via decentralized protocols, and will be paid for their input. They will build a reputation, which will impact their earnings and futur... See more
The key difference between Consumer to Manufacturer and other relationships (e.g. Manufacturer to Consumer) is the initiator of demand. Instead of simply fulfilling a sale one at a time, it helps manufacturers get real-time inbound feedback for demand of a specific customized product. This feedback is community driven, grown by the community, with ... See more
Diminishing trust in institutions doesn’t mean trust is evaporating entirely. It means trust is flowing elsewhere. I think it’s heading toward individuals, more specifically individuals with blue checkmarks.