Web3 is often referenced as an important part of the “ownership economy,” in large part because it enables creators to monetize in creative ways while owning both their work and a part of the platforms. But creator tokens can start to take us down a more dystopian path in the ownership economy — one where the fans start to own the creators. The (of... See more

instead of creating temporary profiles like we do in web2, web3 promotes long-term thinking. If people were empowered to build and maintain permanent identities online, we believe that on-chain systems could encourage people to more carefully curate the reputation markers that they carry with them into the future. In this case, curating a permanent... See more

Early versions of token distributions have led to unsustainable dynamics wherein speculators are rewarded instead of those who are adding consistent value to networks through actual usage.