Crypto's Consumer Era โ Mirror: How Ownership and Curation Shape the Future of Crypto

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Sep 26, 2023
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Crypto's Consumer Era โ Mirror: How Ownership and Curation Shape the Future of Crypto
Introduction:
Cryptocurrency has revolutionized the way we think about ownership. With crypto, individuals can now actively participate in the growth and success of products and communities they are a part of, right from the beginning. This concept of ownership from day one is a powerful driver for the next wave of crypto users. In the coming decade, we can expect to witness a rise in consumer protocols, decentralized autonomous organizations (DAOs), and applications that empower individuals through community ownership. The consumer category in crypto holds immense potential, creating opportunities that we may not have even considered yet.
The Power of Curation:
In the digital world, we are all curators. We curate content with our likes, comments, and shares. While the internet has provided a business model for affiliate programs and links, the curation space remains relatively untapped. However, Web3 and blockchain technology offer a unique opportunity to curate content with clear financial incentives and social status.
Social token design is one such avenue where users can earn for curating content and share the benefits with both the curators and creators. This creates a system where curation becomes a valuable skill, appreciated and rewarded within the community. Being an early adopter has always had its benefits, but with Web3, individuals can now directly benefit from their early involvement, both financially and socially.
Bringing it All Together:
The intersection of ownership and curation in the crypto space opens up a world of possibilities. By combining the principles of ownership from day one with the power of curation, we can envision a future where individuals have a stake in the success of the products and communities they support. This bottom-up approach will lead to the emergence of new brands and business models, driven by community ownership and participation.
Imagine a scenario where a popular music group like Morning Musume, equivalent to a startup in the United States, embraces the principles of ownership and curation in the crypto world. By leveraging the benefits of Section 83(b) election, the members can recognize income from the moment they receive their shares, regardless of the vesting period. This allows them to start their holding period early, enabling them to benefit from capital gains tax rates when they sell their shares after the vesting period.
Actionable Advice:
- 1. Embrace the Power of Ownership: As a crypto user, explore opportunities to participate in the growth of products and communities right from the beginning. Look for consumer protocols, DAOs, and applications that offer ownership incentives.
- 2. Hone Your Curation Skills: Recognize the value of your curation abilities. Engage with content, provide thoughtful comments, and share within your network. Explore social token platforms that reward you for your curation efforts.
- 3. Be an Early Adopter: Stay informed about the latest developments in the crypto space. Being an early adopter not only gives you a head start but also allows you to benefit from your early involvement in terms of financial gains and social status.
Conclusion:
The consumer era in crypto is just beginning, and it holds immense promise for the future. By embracing ownership and curation, individuals can actively shape the success of products and communities they believe in. The principles of ownership from day one and the power of curation not only create financial opportunities but also strengthen the bonds between creators and their audiences. As we enter this new era, let us seize the opportunities presented by crypto, become active participants, and curators in our own right.
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