The Rise of Micro-Economies

-With a total market cap of less than $1,000,000

Micro-economies have a shared mission, are pre-product and have little to no revenue. They’re in the earliest stages of hiring and resemble structures like co-ops or committees.

-Working for sweat equity

In Web2, creators monetize their work via a SaaS model, where they’re paid for a newsletter, artwork, or craft on a regular basis.

In order for a niche community to become a meaningful business, they need to earn income and capture value.

By intertwining financial assets with social capital, we’re now witnessing a new type of asset class dominated by online community coordination.

In Web3, creators monetize through the issuance of a social token or NFTs, with non-fungible tokens acting as digital media ownership.

Tools like Coordinape and SoureCred allow micro-economies to better rank contributions - ultimately building towards organizations in which compensation is tied to value created, rather than time spent.

-That lack legal incorporation (LLC, corp, etc.)