Another curated list for today 😉. Crypto has been a trend since 2009, the creation of Bitcoin. It was about a getting rich quick scheme, but it slowly becomes a way to build your communities. Am I right 😅? Or are we still chasing the money 💸?
✍️ Today’s topic is Crypto-enabled Communities!
Let’s start from a16z.
Building a community is like a game. The game's currency is the “character” designed inside of the game. It used to be a closed-loop world without a community interaction. However, DAO and NFT break the loop and make it open to everyone. Those characters can be incentivized through NFT or tokenomic. The community can also create their character IP with stories around them.
The article highlights the lower costs barriers to build such communities but remains questions about how governance can carry out without questionable results.
It is an excellent read 👍!
The Idea of Crypto Community in General
Here is a general overview of how crypto turns companies into communities.
What if companies decentralized? Companies become community-owned rather than owned by a few. It is decentralized capitalism - community-owned capitalism.
DIY Your Crypto Community
Here is a road map on how you can put together a crypto community. In addition, there are some very tips and tricks to manage communities through Discord and Telegram.
The golden thumb is to choose a safe place with good community management strategies.
The idea of community banking is to support the local community differently. I hope this movement is to benefit society without creating a cult 😂.
The Dark Side
A war of clowns 🎪? One side views crypto as useless and evil. The other side views crypto as hope and replacement. Which sides do you pick?
But why do you need to pick a side? Pick what is best to fit your lifestyle 🙏.
Value drivers of blockchain technology: A case study of blockchain-enabled online community | by Yujie Zheng and WaiFong Boh
The paper found a positive value for a community in adopting blockchain, but there are also challenges. Mainly due to scaling the community, everything can go wrong from here 😬.
Blockchain for smart communities: Applications, challenges and opportunities | by Shubhani Aggarwal, Rajat Chaudhary, Gagangeet Singh Aujla, Neeraj Kumar, Kim-Kwang, Raymond Choo, Albert Y. Zomaya
This paper shows a possible blockchain community that runs similar to nodes like Bitcoin as a potential future application for crypto to implement in society.
Constructing Trustworthy and Safe Communities on a Blockchain-Enabled Social Credits System | by Ronghua Xu, Xuheng Lin, Qi Dong, Yu Chen
BLESS, or Blockchain-Enabled Social Credit System, is on the rise. It is an answer to a surveillance state which uses Artificial Intelligence to control people. It is a system to promote trust rather than monitor trust.
Advertising is a lubricated business for few. But crypto can do such advertising business to serve everyone who wants to become a creator.
This conversation is very inspirational 🙌.
Another excellent idea about Decentralized Marketing is to help creators to promote everything they created.
The Ownership Economy: Crypto & The Next Frontier of Consumer Software | by Jesse Walden
The article points out that the protocol innovation disrupts the traditional way of the economy with centralized management into an open-ended platform economy 🚪.
Future of Work
Social Tokens and the Future of Work | by Bankless DAO
A social token movement will resolve problems companies traditionally created—a new way to foster trust.
It is exciting to see how other countries use blockchain technology. For example, Africa mainly focuses on blockchain payment infrastructure to build communities around the product 🏧.
Reddit is thinking
110 - The Internet Reset | Alexis Ohanian | by Bankless DAO
If you are still not convincing communities building through crypto, listen to what the Co-Founder of Reddit is trying to accomplish in Web3 😉.
That is it for today!
Have you got new ideas about crypto? Wants your articles to include in the lists?
Let me know ✋ and follow me 🙏 at xuanling11.
Follow me here
Disclosure: The article was written by a delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matter. You should not believe any words this author wrote or you may experience similar symptoms or even possibly become a nut job.