The Ownership Economy: Crypto & the Next Frontier of Consumer Software – Variant

Customers would use or own or invest in crypto in a variety of ways, just as they listen to music on LPs, CDs, MP3s and streaming services. And in the same way that people share their playlists, crypto users could issue their own tokens (currencies) if they wanted, or serve as their own banks in the sense of making their own lending decisions and e... See more

The ownership economy thesis is that value in past web platforms — Wikipedia, YouTube, Twitter, Peer-to-peer networks/marketplaces, etc — is generated by users who never retain any of it. Users contribute value, but they don’t capture it.

This is the Ownership Economy, and beyond being a positive social endeavor, the platforms building it are able to leverage the strongest form of market incentives to grow network effects.