"Social media stands out as perhaps the most analyzed sector of internet game theory. These games are well understood and exhibit a mature set of players, strategies, modes, and outcomes."

"Monopolistic platforms wield unilateral control over determining the information that we see"

"While users are responsible for creating and curating information on these networks, they share none of the value generated from their work"

"The platform is motivated to aggressively grow a single ""global water cooler"" network in order to maximize the amount of attention generated."

"However, users share none of the upside in the network's growth. Instead, individuals are incentivized to compete with each other to capture a fraction of the network's attention and bankroll that attention into downstream benefits."

"The result is a zero-sum, single-player game in which the platform is the only guaranteed beneficiary."

"The incentive misalignment between centralized platforms and its users results in an environment in which information becomes a commodity, and valuable information comes at a premium."

"When there’s infinite upside and zero downside to creating, networks become saturated as noise overtakes signal. Structurally, it's impossible for users to coordinate and produce legitimately valuable information which benefits both individuals and the network simultaneously."

"As Vitalik argues, legitimacy is the most important scarce resource."

"The net result of the fundamental problem - the value of centralized information networks is not shared by the participants - is this: centralized information is legitimacy-constrained."

"cryptomedia can be thought of as hypermedia with built-in property rights."

"Verse introduces a new standard for multiplayer cryptomedia markets specifically designed for high-signal information discovery and communication."

"Instead of a single piece of media, each Verse cryptomedia object holds a feed with multiple pieces of media"

"Instead of a single owner, each Verse cryptomedia object enables tokenized, fractional ownership with an unlimited number of participants"

"Why are these innovations important?"

"Crypto mechanisms, particularly tokenization and automated market makers, have enabled coordination games that could never practically exist before."

"In a coordination game, if you act in a certain way alone, you are likely to get nowhere (or worse), but if everyone acts together a desired result can be achieved."

"Legitimacy is a natural byproduct of a coordination game."

"In any coordination game, if a mechanism incentivizes participants to cooperate and act together to achieve a goal instead of acting alone, that mechanism has legitimacy."

"Verse is designed for individuals to coordinate around creating and curating the most valuable information around any arbitrary topic."

"In an age of information saturation, on-chain signaling, uniquely enabled by crypto mechanisms, is the new search."