@theKimansta @TopBrassDAO @LMO_PressPass Sub-Thread #1: Compliance in Distributed Equity Ecosystems 🧵⤵️
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Enter the #film3 paradigm shift.
You have a story to tell.
That story exists in a world, or in a subjective lens.
Those are separate assets.
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#71 • Red See
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Mint: tiny.cc/lmo_cot71
@theKimansta @TopBrassDAO @LMO_PressPass Sub-Thread #1🧵⤵️
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The story = Limited content you're developing and producing, meant to share with an audience.
The storyworld = The reality formed by the content, and everything that reality contains.
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#72 • Muted See
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Mint: tiny.cc/lmo_cot72
@theKimansta @TopBrassDAO @LMO_PressPass Sub-Thread #1🧵⤵️
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The story is intellectual property you own, the minute you write it down.
The storyworld is also formed!
Both can be provided witnessed and permanent proof-of-origin on the blockchain!
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#73 • Moss See
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Mint: tiny.cc/lmo_cot73
@theKimansta @TopBrassDAO @LMO_PressPass Sub-Thread #1🧵⤵️
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A non-fungible token is simply a data point, permanently and publicly recorded by a decentralized conglomerate of witnesses.
These are great for registering intellectual property!
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#74 • Rasper See
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Mint: tiny.cc/lmo_cot74
@theKimansta @TopBrassDAO @LMO_PressPass Sub-Thread #1🧵⤵️
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A "non-fungible token" is simply a data point, permanently and publicly recorded by a decentralized mass of global witnesses.
These are great for registering intellectual property!
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#75 • Grass See
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Mint: tiny.cc/lmo_cot75
@theKimansta @TopBrassDAO @LMO_PressPass Sub-Thread #1🧵⤵️
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The story is an intellectual property, wrapped by the storyworld.
The storyworld is a separate intellectual property, the umbrella for everything created.
Write a Deed, defining each!
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#76 • Sapphire See
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Mint: tiny.cc/lmo_cot76
@theKimansta @TopBrassDAO @LMO_PressPass Sub-Thread #1🧵⤵️
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If you want to design and involve a canonical audience collaboration in your story — use the LMO Structure for Tokenomics to turn your Digital Collectible Experience into an Ecosystem!
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#77 • iSee
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Mint: tiny.cc/lmo_cot77
@theKimansta @TopBrassDAO @LMO_PressPass Sub-Thread #1🧵⤵️
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Using your Deed, define the Digital Collectible Experience as a fundamental to the property itself, including any decentralized elements.
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#79 • Mustard See
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Mint: tiny.cc/lmo_cot79
@theKimansta @TopBrassDAO @LMO_PressPass Sub-Thread #1🧵⤵️
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Distribute the property equity to a pool of digital collectibles.
Digital collectibles are non-fungible tokens, meaning they are fixed data points. They don't actually move!
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#80 • Pumpkin See
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Mint: tiny.cc/lmo_cot80
@theKimansta @TopBrassDAO @LMO_PressPass Sub-Thread #1🧵⤵️
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Each wallet has custodial relationship with the data points "in it," meaning the blockchain agrees that wallet has custody over that fixed point.
Custody moves, the data point does not.
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#81 • The Clowd
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Mint: tiny.cc/lmo_cot81
@theKimansta @TopBrassDAO @LMO_PressPass Sub-Thread #1🧵⤵️
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Our Founder is an Afro-Indigenous person, so culturally, there's occasional contrast with the feudal paradigm that land, labor, and knowledge can be "owned" as property.
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#83 • Bad Logo
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@theKimansta @TopBrassDAO @LMO_PressPass Sub-Thread #1🧵⤵️
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The blockchain clears up that contrast. Property is defined as "immovable."
Ownership of land requires fixed points, defined and maintained by centralized power.
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#85 • Stickee
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Mint: tiny.cc/lmo_cot85
@theKimansta @TopBrassDAO @LMO_PressPass Sub-Thread #1🧵⤵️
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Until blockchain technology, ownership of knowledge required written proof-of-origin, witnessed and notarized, defined and maintained by centralized power.
Usually at a cost.
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#86 • Jealous Persistalsis
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Mint: tiny.cc/lmo_cot86
@theKimansta @TopBrassDAO @LMO_PressPass Sub-Thread #1🧵⤵️
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Until blockchain technology, ownership of labor...
Well, unless you own your own business, it's not really a thing.
Now, you can define your own property.
Labor, included.
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#87 • Strawberry Jam
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Mint: tiny.cc/lmo_cot87
@theKimansta @TopBrassDAO @LMO_PressPass Sub-Thread #1🧵⤵️
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The economy transacts on four offerings:
1) Products
2) Services
3) Experiences
4) Property
Blockchain can establish any Product, Service, or Experience as a shared Property.
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#88 • Boiled Guacamole
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Mint: tiny.cc/lmo_cot88
@theKimansta @TopBrassDAO @LMO_PressPass Sub-Thread #1🧵⤵️
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Define all collaborative relationships as a fundamental part of the shared property itself.
Ensure all wealth-flow is pre-defined, and across from measured, meritable collaboration.
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#89 • Late Eighties
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Mint: tiny.cc/lmo_cot89
@theKimansta @TopBrassDAO @LMO_PressPass Sub-Thread #1🧵⤵️
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Distribute 100% of the ownership or licensing of the property, in equal parts, to a pool of Digital Collectibles you've created.
Collectors take custody over property.
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#90 • Flat Tire Pivot
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Mint: tiny.cc/lmo_cot90
@theKimansta @TopBrassDAO @LMO_PressPass Sub-Thread #1🧵⤵️
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Custody over defined property for collaborative purposes
- is different -
than custody over contracted relationships for financial gain, in the eyes of consumers and regulators.
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#92 • Now Playable
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@theKimansta @TopBrassDAO @LMO_PressPass Sub-Thread #1🧵⤵️
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One vital step to take is having the Digital Collectibles themselves be defined by an unaffiliated third-party.
If you define them with your own contract, you could be at risk!
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#93 • Press Start
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@theKimansta @TopBrassDAO @LMO_PressPass Sub-Thread #1🧵⤵️
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In the USA, contracts open to the public are transacted on Designated Contract Markets for regulatory purview.
This is to help protect consumers from fraud.
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#94 • Handcrafted Asset
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@theKimansta @TopBrassDAO @LMO_PressPass Sub-Thread #1🧵⤵️
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If your "Digital Collectible" is defined by a smart contract you wrote and own that offers guarantees, you could be seen as offering open contracts outside a Designated Contract Market.
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#95 • Soft Stuff
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@theKimansta @TopBrassDAO @LMO_PressPass Sub-Thread #1🧵⤵️
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Define collaborative relationships in the property itself.
Distribute property across unaffiliated, third-party collectibles.
Welcome the anonymous public into your compliant ecosystem!
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#96 • Array Cascade
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Mint: tiny.cc/lmo_cot96
@theKimansta @TopBrassDAO @LMO_PressPass Sub-Thread #1🧵⤵️
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Every single thing you'd put into a custom smart contract for your Digital Collectible, you can facilitate with a Layer 2.
Use 3rd-party definition in a Digital Collectible Experience.
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#97 • Snap Shoes
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Mint: tiny.cc/lmo_cot97
@theKimansta @TopBrassDAO @LMO_PressPass Sub-Thread #1🧵⤵️
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One of our Layer 2 facilities is Insurance.
Someone gets scammed... it's just a collectible.
The relationship can be re-assigned to a replacement mint.
For more on Layer 2s, read this sub-thread!
@theKimansta @TopBrassDAO @LMO_PressPass Summary:
Compliance in Digital Collectible Experiences
- Make relationships part of the property.
- Property is immovable, and transacted through custody. So are Digital Collectibles.
- Collectibles: defined/minted by unaffiliated 3rd party.
- Layer 2s facilitate relationships.
@theKimansta @TopBrassDAO @LMO_PressPass If you liked this thread about compliance in Digital Collectible Experiences and Ecosystems, please join ours at @LMOPro!
Our Founder invented this use-case in The LMO Structure for Tokenomics, published on March 24th, 2021—the open-source architecture of the #film3 ecosystem.
@theKimansta @TopBrassDAO @LMO_PressPass Server: discord.gg/njzs7Teu9d
Marketplace: tiny.cc/lmo_corepass
Website: letmeout.productions
Gallery: oncyber.io/spaces/KYeVIJh…
Thank you for reading! We're glad you exist — a sentiment we share for all souls, alive or transcended.
@theKimansta @TopBrassDAO @LMO_PressPass Please take some time to read about how you can create monetized characters and content in @LMO_PressPass — the first Digital Collectible Experience in #film3.
About Press Pass: letmeout.productions/lensface/
@theKimansta @TopBrassDAO @LMO_PressPass For an efficient / mobile-friendly read: threadreaderapp.com/scrolly/159118…
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