An Ownership Economy Newsletter: The World is Changing
The world increasingly understands that “software is eating the world,” so it’s no surprise that narratives around personal economic empowerment on the internet are resonating now more than ever.
Just as the barriers to professional productivity online have fallen dramatically, so too have the hurdles that previously prevented the equitable and secure distribution of economic value.
Crypto exposed the power of ownership as a tool to drive users to contribute to protocols they use in deeper ways.
Now, the opportunity is to follow the pattern, and build more accessible products (and protocols) that bootstrap adoption & participation through better economic alignment with users.
The L.A. Creator-focused startup plans to spend $1 billion on the rights to creators’ back catalogs, giving them cash up front in exchange for future ad revenues.
First of all, if we talk about the value of NFT's, I would approach it from 2 sides: financial and technological. NFTs can be financially valuable due to the rarity, authenticity, and origin of their underlying assets, products, and/or contracts.
Blockchains make it possible to fuse financial value with any speech act. When I vote on something I care about, I can simultaneously send money along with my ‘word’ of support or rejection.
This represents a literal step function in how we communicate what is valuable.
What are the different ways that authors can use NFTs to reach readers and earn money with blockchain technology? How can we address the fear, uncertainty, and doubt that is inevitable when faced with new technological options?
Jessica Artemisia Mathieu explains some of the business models with NFTs.
Our current systems— of work, education, and more— are flawed. Wealth, power, and opportunity continue to lie in the hands of a privileged few; the ownership economy aspires to change this.
Crypto seems to be the big wave. It's super hard to keep up with. And I know there's money to be made, so i think the appetite is there where i think we're going to keep getting subscribers for pretty cheap.
Because the appetite, I've never seen an appetite for content like this in my life, because I've been trying to make content that people want. And i'm always talking about sh*t i'm into.
Web2.0 created the giant internet intermediaries as we know them today: Uber, Amazon, Airbnb to name a few. Web3 promises to change this all and let the Creator own the network they are key to. This is the essence of the Ownership Economy.
Bitcoin’s mission is to fix the broken financial system. And it stands a real chance of doing just that. Web3 will fix many of the broken systems we have today. But the big one is the media.
Here’s how it’s going happen.
2021 was the year acceleration stuck. It was also the year in which the “Passion Economy” gave birth to the “Ownership Economy”. But it’s impossible to characterize 2021 without the context of 2020.
Last year, for our 2020 year-in-review report we used two words to describe that notorious year: acceleration and passion.
How No-Code Tool Tally Scaled to 20,000 Users
We did it! 😱 @filipminev and I bootstrapped @TallyForms to $10k MRR and 20.000 users 🥳
To celebrate, we're sharing the 3 tactics that help us grow Tally with a team of 2.
— Marie (@MarieMartens)
Feb 11, 2022
October updates to the Financial Action Task Force (FATF) guidelines put an onus on governing bodies to decide how NFTs are classified and regulated, and governments are starting to react.
Are NFT Marketplaces up to the challenge of setting anti-money laundering best practices before it’s imposed on them?
Blockchain technology became widely known mainly due to the rise of fungible tokens, commonly known as cryptocurrencies like Bitcoin and Ethereum which have been on the lips of everyone, especially in 2022.
No-code workflow automation startup Bardeen Inc. today launched out of stealth mode, announcing it has raised $3.5 million in a seed round that included 468 Capital and FirstMark Capital as investors.
(It's a pretty cool tool!)
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Crypto exposed the power of The Ownership Economy, and more specifically, ownership-as-a-tool to drive users to contribute to protocols they use in deeper ways.
Now, the opportunity is to follow the pattern, build more accessible products, and educate.