'What started with Bitcoin and Ethereum—both of which reward participants who secure the network with their native tokens—is becoming prevalent across all categories of software', ljin18.
Thirty years into the development of the world wide web, a handful of companies control most user attention and advertising revenue, with closed ecosystems that hold back innovation by independent developers. The economic interests of the biggest internet platforms are poorly aligned with their most valuable contributors: their users.
At its core, the ownership economy not only offers a powerful new tool for builders to leverage market incentives to jumpstart new networks—it also holds the potential to create positive social change through the wider distribution of wealth-building assets.for a user-owned internet, the landscape has dramatically shifted and expanded.
This report is meant as a primer for new entrants to web3 who are looking to go one level deeper. We’ll also be using it as a jumping-off point for more in-depth pieces that we’re planning to publish this year on topics like token distribution strategy, regulatory issues and more.Simply put: the products and services that will define web3—and the next generation of the internet—are those that transform users into owners. We call this the ownership economy.
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