The distribution channels that underpinned the rise of today’s Internet giants have dried up. Google, Facebook, and Amazon serve as a triopoly that dominates online advertising. The three accounted for 90% of US digital advertising in 2020, up from 80% in 2019. The arbitrage that once existed on these platforms has more or less disappeared and CPMs... See more
All of this brings us back to the realization with which we started. Alongside investment DAOs and art communities investing jointly in single works, SushiSwap and PartyDAO mark an inflection point: the point where we’re starting to collectivize finance. If the traditional VC model is to maintain power and success, it will not be against but within... See more
Originally, circulation’s responsibility was to get as many people to subscribe to subsidize the cost of the physical product so that profits could be generated from advertising. Now we think about the subscription as the means of generating actual bottom-line profit. Circulation is not just to provide an audience for ad revenue; it’s to generate a... See more
There’s some means of voting and governance on issues and participants have some form of weighted voting. The weight can be on the reputation of the person voting, how much ownership they have of the network via tokens, and more.
At a high level, here’s how governance mining works: A protocol commits to distribute some portion of token supply to governance contributors over some period of time. Tokens are allocated relative to how much each group/individual contributes, weighted by the value of the outcome of their contribution. The more valuable the contribution, the more ... See more