2/ Crypto economies have already begun to shape the future of work. There are now a variety of models to convert human labor into earnings, broadly described as “to-earn” models. They blend how we play, learn, organize, socialize, and create, with ownership and income generation.
3/ DAOs will coordinate much of this activity.
4/ Play-to-earn was pioneered by @AxieInfinity. The key feature is that the players own the game. They own the board, the characters, the ability to create new characters, and the in-game currencies. It is as much an economy as a game.
It's the birth of a digital nation.
5/ Learn-to-earn models like @Rabbithole_gg are enabling income generation through skill acquisition. Networks become more valuable as more people use them, but potential users first need to learn how to use them.
Will be a monster category of earning opportunities.
7/ Create-to-earn is in full swing. The impact of endowing property rights on digital assets has been historic for creators.
We’ve entered a renaissance period in terms of the ability to earn income through creative labor.
8/ Participate-to-earn is a catch-all for everything else. Protocols will contract with labor providers for all kinds of participatory roles. The largest of which may be governance of the protocol itself. I discuss the role of delegates in this process.
9/ Finally, I also posted a companion article that offers a few thoughts on how these new contracting environments address important building blocks of coordination: Standards and trust production.
2/ This new initiative is investing in the next generation of financial infrastructure.
3/ Our thesis: what the internet did to media, blockchains will do to finance. New rails for value transfers of all types: assets, payments, insurance, and more.