The ownership economy-- by way of decentralized autonomous organizations aka DAOs + non-fungible tokens aka NFTs-- builds a business on top of the creator economy that encourages creators, operators and the community to collaborate together under a new, interdependent ownership mechanism that combines the best of both (legacy + creator economy) wor... See more
Credentials from centralized institutions are subjective — they're only valuable because the institution issuing them is valuable. It's a reputational ponzi scheme. On the contrary, credentials from decentralized networks are more objective — they let people observe work completed without a subjective value judgement on the work itself.
The joint stock corporation expanded the group of people who had financial upside from just founders to founders and employees. Crypto networks will expand this from founders and employees to founders, employees, and users.
Filters should have inbuilt “serendipity” functionality Have you ever chosen “random” when presented with a choice of things to look at, to listen to, to read, to follow? It’s a simple insurance policy to take out in order to avoid digital bigotry or heretical thinking or tunnel vision or herd instinct or groupthink or whichever other buzzphrase a ... See more
Naval: "If Bitcoin can have value, if Ethereum can have value, then in theory, an NFT can have value as long as the smart contracts and the social contracts and the community enforcing it has value."
However, business development can look very different in Web3 when these partnerships are negotiated transparently in governance forums rather than behind boardroom doors. Given that these integrations often do not require permission from one of the two parties, they are not always mutually beneficial. For example, a number of platforms have integr... See more
If you asked me what the true danger about social media is, I’d say it’s much more subtle. It’s the problem of time—and becoming stuck in the present. It’s the relentless pressure of reverse chron.