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To that end, I’m exceedingly happy to report that we’ve just acquired People & Company, one of the leading authorities on community-building, to accelerate and celebrate writer success on Substack.

Blockchain technology will enable this vision. Virtual worlds and economies will be owned and controlled by creators and consumers. Non-fungible tokens (NFTs), DeFi, social tokens, decentralized autonomous organizations (DAOs)—all are central components of this future.

DeFi found product-market fit in early 2020 and grew parabolically after liquidity mining was introduced. DAOs are finding product-market fit in 2021; it’s now time to begin pouring fuel on the fire to massively grow interest & participation and take DAOs to the next level.

-Starting a group house or building a compound together

Ownership can be understood as a proxy for two things: decision making power and financial power. This suite of benefits includes the ability to have a voice in the direction, strategy, operations, or fate of a company; as well as the ability to capture profits and the value of its equity and assets.

My view is that DeFi gets a lot more interesting once there are mainstream users conducting real economic activity on-chain, beyond crypto speculation.