Here again, Eghbal provides a framework that transcends the open-source context that inspired it. In a digital economy, goods are either excludable or not (meaning paywall-able, essentially), and rivalrous or not (meaning infinitely copyable at zero marginal cost or not). The resulting 2 × 2 matrix describes just about every way to make a buck onli... See more

For example, we value traditional companies based on assets and cash flows. Companies with more capital – or expected ability to absorb more capital in the future – are ideally valued more highly than others.That isn’t the case for every organization. Jacob Horne argues in his essay on “Hyperstructures” that crypto protocols built with certain trai... See more

-Participatory decision-making and cooperative business models: From this standpoint, crypto tokens represent one of the most promising innovations for enabling ownership to be distributed and transferred on the internet as easily as information.

With many crypto startups, there’s an elephant-in-the-room question: “Why does this need to be crypto?” Many web3 companies don’t, in fact, need to be built on web3, and the current iteration of Mad Realities is no different. In theory, Proof of Love could be stitched together with a Kickstarter and a group chat.