Luxury Media is a framework for the economic sustainability of internet-native media.
It's a return to patronage – we are not paying for utility, but rather are funding the story, the taste, the culture, and its proliferation.
Reminder that on July 1st Israel will begin its illegal annexation of internationally recognized Palestinian land and America is not only letting it happen, but helped develop and endorsed the plan...
...and nobody is talking about it.
Biggest takeaway from ETH Denver is that everyone is in a bubble.
So much is happening in DeFi, DAOs, and NFTs independently that it’s impossible to keep up with everything.
Find a niche. Go deep. Build cool stuff. Repeat.
“DAOs as community-driven startups” is a mental model that leads us to build shitty, inefficient organizations.
“DAOs as networks” is a mental model that will change the world as we know it.
Saying “I want to launch a token/DAO!” is like saying “I want to start a startup!”
Student entrepreneurship programs are full of people who think the *idea* of startups is sexy, but don’t have a purpose or problem to solve.
The whole DAO space is kinda like that right now.
Social media as we know it is dead. We’re left with algorithmic ad networks.
The next wave of social media will look like small groups of friends curating and creating media together, with network-scale interactions dictated by a protocol.
Sound familiar? :)
Reading PG essays in middle and high school is the reason I work in tech today.
It is increasingly isolating being a Palestinian-Muslim working in tech, so seeing someone as influential and widely loved as PG speak to the plight of the Palestinians is refreshing.
What if… not everyone is cut out for contributing to DAOs?
What if… people don’t wanna “self manage” or govern they just wanna check some boxes and get paid?
I’d argue that’s the vast majority of folks — even of the folks who are in DAOs today.
full-time DAO folks:
what’s your daily routine? what personal rituals have you built into your schedule? how do you avoid the chaos of every day looking completely different?
The best cities are walkable.
You can get wherever you need to go very easily, take in the scenery, randomly meet folks on the street, etc.
What is “walkability” in digital communities?
Twitter has helped me enormously, but I’m now at the point where it’s doing more harm than good.
The fact that the web3 space is so dependent on Twitter is a large part of the reason for FOMO-culture... that’s what Twitter incentivizes.
Rethinking things for 2022.
DAO tools are getting more funding than DAOs themselves because they’re more legible to VC money.
The more legible a DAO tool’s business model, the less likely it’ll succeed in the long run.
DAO categorization only makes sense in the early days.
The biggest DAOs will all build protocols, produce media, and provide services.
The social layer on top of it all is where the fun really happens.
"DAO" is a scissor label.
Outside of protocols, most of the organizations we're building in web3 are Tokenized Communities.
This essay attempts to outline what tokenized communities are, what characteristics they embody, and why they're valuable.
🍃Fresh off the press.
Web3 has introduced a new type of organization: Tokenized Communities. In this essay,
@jaesmail
explores what tokenized communities are, what characteristics they hold, and why they are valuable.
Read
↳
I did a research project on the lack of diversity in
#entrepreneurship
last year. It ended up turning into a study on "why non-white, low-income, and lower-middle-class people don't take risks." Wanted to share it here: /1
Personal update:
After a long bear market of failed jpeg flips, I've decided to leave web3. It's clearly a scam.
Follow me for updates as I work in public on my neobank that makes money by shafting poor people and selling their data to actual banks!
Oh and I'm moving to SF!
personal update:
i’m raising a $100M crypto fund whose thesis is to only give money to founders who aren’t egomaniacs!
i know this will work bc it seems like everyone else is doing the complete opposite!
LPs hmu
Emergent organizations require alignment on values, and supporting public goods is the inherent and necessary outcome of that alignment.
Exploring thoughts from Islam,
@otherinternet__
,
@austinrobey_
,
@divine_economy
, and more.
"DAOs are digital nation-states" isn't a crazy thesis.
Big Tech companies are already as powerful as nation-states, they're just universally autocratic.
DAOs open up the design space to encourage more democratic governance.
The implication here is that the Palestinians are either too dumb or too violent to develop their own cities (and ultimately nation).
Like… am I being inflammatory? What else could this tweet mean?
Most investors have no clue how to think about investing in DAOs.
Most DAOs have no clue how to positively engage external capital.
The DAOs that make it possible for investors to make money while still prioritizing contributors and members will win.
DAOs have a massive supply of funds, with low quality demand (ideas).
Creators have limited supply of funds, with high quality supply of ideas.
We need to bridge the creator and community economies.
for the record, tokenized communities =/= DAOs
some tokenized communities are DAOs. I use the term as a replacement for "social DAOs" because most of them aren't DAOs but all communities are social.
“Northwestern as an institution unequivocally rejects BDS.”
“As always, Northwestern remains firmly committed to diversity, equity and inclusion.”
LOL this is a joke.
BAYC and Punks are incredible communities and signals — but what’s the message? That you got in early? That you were wealthy enough to get in?
The real fun will be an NFT community that nails niche, meaningful signaling and values.
my favorite part about DAOs is how there is so much thoughtful discussion around best practices and then nobody implements them and then people are like "see this is why DAOs don't work!"
I am grateful that I get to work with principled technologists every single day who would rather support me to do my best work rather than grilling me because I dared to speak up for my people.
I just want to see one – ONE – crypto "takedown" article that considers the perspectives of non-Americans.
Like sure, crypto could be a scam/useless/etc. when you're strictly sitting in your White liberal American bubble.
New essay: Hyperstructures
The nature of crypto protocols opens up expansive new models to create free, invaluable and unstoppable public infrastructure.
I define Hyperstructures, and why they will form the basis of the internet for decades to come.
One of the first markets that DAOs will absolutely dominate is the consulting market.
DAOs will not only own 50%+ of this market in the next 10 years, they'll also grow it at an insane rate as more folks realize worker-ownership is the way.
First, it will be some ole fashioned "kiss your cousin" incest.
Stage 1: Crypto companies will hire serviceDAOs to do work for them.
Stage 2: Eventually you'll see ServiceDAOs working with traditional companies.
They will eat into the $250B+ consulting market.
A child got murdered in his own home in Chicago today. A Palestinian-Muslim kid.
His landlord killed him, and critically injured his mom, saying “you Muslims must die.”
That’s the direct impact of the propaganda being spewed on this app and around the world.
Allah yarhamo
I turn 25 today. Back home with family and feeling blessed.
At least 10k children have been killed in Gaza over the last 109 days — they’ll never see the age of 25.
For my birthday, consider making a donation to the Palestine Children’s Relief Fund.
It feels like we're missing this massive category of media between "crypto 101" and "thinkboi pieces about modular blockchains and DAO contributor funnels."
What are the web3 topics and stories that aren't reaching the people who need to hear about them?
There's one thing everyone agrees on:
"We are using fire that has never been seen before in the Gaza Strip."
— IDF officer
"There was a huge bombardment in the north of Gaza strip on a scale we’ve never seen before."
— BBC reporter
I feel like everyone is afraid to just flat out say that people in crypto – at least most builders and people with money – aren't cool.
I think a lot of the mechanisms for funding art and culture we've built are pretty interesting and novel!
But that doesn't matter because
Crypto has been so dissapointing in terms of allocating capital to intelligent longer term creative endeavors and new platforms, that aim to reach beyond the echo chamber of 500 men.
Perhaps there will be a second look at funding and business models but I’m not optimistic rn.
Questions to ask yourself:
- If Israel truly wanted a two state solution, why don’t they allow for free economic development in the occupied West Bank?
- If the occupation was truly a safety concern, why doesn’t Israel allow NGOs to step in?
Yesterday,
@jackbutcher
minted "HR 3684," an NFT whose proceeds will be donated to
@coincenter
to continue defending open blockchain networks in the U.S.
Minutes later, we launched a PartyBid (PartyPAC) to collectively bid on the NFT.
I'm slowly realizing the significance...
Currently working on a subDAO proposal for a couple of DAOs and wow... the design space is so wide open.
Regulation is annoying, coordination is hard, but there’s still soooo much left to explore it’s unreal.
It’s really disturbing that people in tech either:
1. Accept the violent politics of their idols
or
2. Just don’t care
For all the talk in tech about “agency,” the majority of this industry looks no further than their career.
Critically important piece by
@gilduran76
about what the wealthiest & most powerful people in San Francisco, including Balaji, are envisioning for our futures.
re: Vitalik’s DAO essay
I think we’ll see:
1) DAOs that look like governments (protocols)
2) Tokenized communities (funding)
3) Companies, Service DAOs, and projects (building)
We’ll increasingly see protocol DAOs separate capital allocation from protocol governance.
Anyone can mint anything on
@ourZORA
for free – the first collector pays gas to bring it onchain.
In exchange, the first collector gets a share of protocol rewards in perpetuity.
We built a site that helps you spot First Mint opportunities and earn more by supporting new (and
Ingredients for a successful DAO:
1. Awesome people
2. An uncomfortably ambitious mission
3. Strong dedication to shitposting
If you have all 3, you will win. See: OlympusDAO
Idea:
What if Forefront hosted debates between web3 thinkbois/girls. Audience votes on winner. Loser gets a non-transferrable loser NFT sent to their wallets.