…nomics incentives to developers, maintainers, and other network participants in the form of tokens. They are also much more technically robust. For example, they are able to keep state and do arbitrary transformations on that state, something past protocols could never do.
Unlike traditional media businesses who have highly paid teams on staff to create ‘high-quality editorial content’, next generation media platforms facilitate the production of massive volumes of content by anyone. The best, most interesting or most relevant content then floats to the top of newsfeeds or timelines that are personalized by end-users using a combination of implicit or explicit controls.