blockchain

IDEAS

Exploring New Markets In The Arts #1: Property Rights

Blockchain technology has allowed us to re-imagine the arts. As a movement, it's been rife with seemingly disparate narratives: people adopting its cocktail of hashes & cryptography as a Rorschach test for their beliefs. It's simultaneously the most anarchist, most libertarian, most egalitarian, most socialist, most freeing, most authoritarian technology. I've always seen it as a tool empower creatives. In this post, I explore property rights experiments with new markets in the arts.

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IDEAS

Exploring Harberger Tax Rates in Virtual Collectibles & Patronage Markets

In the creation of patronage as an asset class, one creates virtual collectibles whose beneficiary earns revenue at a specific rate from an always specified self-assessed price by the owner. An outstanding question is what rates to set.

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IDEAS

Maximising Blockchain Collectible Economies

What is the optimal size for a blockchain collectible (NFT) economy? How many unique items should be in a collection? How does one maximise the value of this economy? These are very interesting questions, because there's a trade-off between scarcity of a collectible economy & its inclusivity (allowing users to participate through ownership of a collectible). Currently, many projects in the space simply thumb-suck the size of their economies or employ unproven generation of new collectibles. The projects either generated too much or too little.

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IDEAS

Patronage As An Asset Class

By combining the incentives of patronage, profit & collectibles, we can create a new tradable asset class that supports the funding of the commons. In addition to supporting artists and open source communities, this idea can be utilized to save our fragile planet from the ongoing effects of climate change.

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PROJECTS

This Artwork Is Always On Sale

TAIAOS is a unique, rare digital artwork that is always on sale. It can bought at any time by anyone, because the owner must always specify a price they are willing to sell it at. Through this always-on auction, it supports the artist by requiring the owner to pay a 5% pa patronage towards the artist at their self-specified price. If the owner does not pay required patronage, it can be foreclosed by a digital steward for safekeeping.

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IDEAS

Radical Markets In The Arts

We've all been there: finding ourselves lost past midnight reading a new book, tearing up, watching an Oscar-winning movie & indulging in the ecstasy of a new melodic hook. The arts are important to all of us. Exploring how we can fund & create new markets in the arts will not just allow humanity to experience more of the meaningful moments attached to it, but also be an imperative for where we are headed as a society.

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IDEAS

What is Harberger Tax & Where Does The Blockchain Fit In?

Harberger Tax is an economic policy that aims to strike a balance between pure private ownership & total commons ownership in order to increase general welfare of society. It helps ensure that property is more productively utilised by the society, resulting in an increase of overall economic productivity and general welfare of society. It keeps the power of the market, whilst reducing the inefficiencies in how property is currently allocated. At a relative cost to efficiency in investment returns, it reduces the prevalence of monopolies that exclude society from an asset’s wealth generating capabilities.

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IDEAS

Tokens 2.0: Curved Token Bonding in Curation Markets

Since introducing Curation Markets in earnest earlier this year, quite a few projects have started adopting some of the designs. Curation Markets is a set of protocol designs that aims to reduce information asymmetry through the use of tokenized signals. Tokens are minted as needed through a continuous token model. Within the projects announced the past few months, the most important facet from Curation Markets that these projects are adopting is the continuous token bonding curve.

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