The Meme Economy

By contrast, in the crypto space, some of the most famous examples of collective economic organization have formed for the memes, or as exercises in commodification and speculation. Examples like PleasrDAO fractionalizing the Doge meme, or ConstitutionDAO raising upwards of $40 million to buy a copy of the U.S. Constitution, have value in that they... See more

What’s groundbreaking about crypto is that it shifts the web from social currency to economic currency. When I like your Instagram post today, I grant you some social capital; what’s the equivalent for the cryptomedia age? Me “liking” your content may mean me financially investing in your success and sharing in future income. Maybe Spotify’s Year i... See more

More positively, establishing a track record through proof of passion may finally enable a scalable business model for independent cool-hunters and curators. Those who consistently invest in overlooked and underappreciated items that then wildly succeed will be sought after. Marketers and algorithms will surveil their purchases, swarming in after. ... See more