The Token Society

If we tokenize Soundcloud, and transfer its governance to a network of token holders, it will represent the first of many seismic shifts towards collective ownership, and an historic victory for the decentralized cryptocurrency space over the prevalent, advertising driven, era of the web.

Ethereum has quietly enabled a system that allows companies to give ownership to all stakeholders — employees, customers and suppliers in addition to investors. For the first time, humanity has developed an economic organization system that fully aligns the goals of all those involved in the enterprise, and the potential is revolutionary.

Blockchain technology will enable this vision. Virtual worlds and economies will be owned and controlled by creators and consumers. Non-fungible tokens (NFTs), DeFi, social tokens, decentralized autonomous organizations (DAOs)—all are central components of this future.