Modern Economical Nonsense — Participatory Economy

Photo by Alejo Reinoso on Unsplash

DAO or Decentralized Autonomous Organization is a new trend that Web3 companies may adopt to run their business in the future. There is a viable part that is missing from the discussion — participants. The technology has been developed and continues to improve. However, the essential part of the discussion is how to cultivate participants. Eventually, you are building a community rather than a corporation to keep people interacting in Web3.

Let’s explore.

Table of Content
Web3 Creators’ Economy
Participatory Economy
Category
Incentivized Participation
Bot Selection vs. Human Selection
Redesign Motivation
In Conclusion

Web3 Creators’ Economy

What we have learned from Web2 makes us think about what we should do to avoid the failures from Web2 and improve through Web3. We were creating a digital monopoly in Web2 with few…