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Ways to improve the ownership economy — Mirror
For instance, app teams that pursue community ownership first (starting with a wide token distribution) risk engendering a community of speculators, rather than real users. Without a working product, ownership is worthless, and the community won’t stick. Many teams that have done this are unable to back into product/market fit, and as a resul
... See moreJesse Walden • Progressive Decentralization: A Playbook for Building Crypto Applications | Andreessen Horowitz
While many crypto startups have successfully made their users into owners by following the Progressive Decentralization playbook, a number of founding teams feel compelled to step back from their projects at the time of token launch to reduce the risk that their tokens will be deemed securities. An alternative path may allow founders to stay involv... See more
Jesse Walden • Leadership in The Ownership Economy—Scaling Decision Making while Minimizing Securities Risk – Variant
1. User ownership can jumpstart growth, but sustaining it is more challenging Giving users ownership in the form of tokens can be a powerful alternative to paid marketing, helping to bootstrap networks and overcome the cold-start problem.
Li Jin • The Ownership Economy 2022
- Sustaining collaborative innovation among independent projects is a governance problem.
- A core part of governance is determining an optimal division of rights to control project decisions across various stakeholders.
- Blockchains frequently require participation of multiple independent platform layers to deliver functionality to end users.
- Some of thes