How DAOs Are Kindling the Ownership Economy Model
The ownership economy flips traditional business models on their head—Cooper Turley, crypto strategist lead at Audius and manager of social at DAOs and Friends with Benefits, and Kevin Kelly, co-founder of Delphi Digital, explore the groundbreaking opportunities of social tokens for online communities. Turley explains how social tokens are democratizing rewards and financial incentives to the individuals who are truly bringing value to respective communities. He examines how these communities are much more efficient in their use of working capital and why peer governance focuses on the betterment of the community. Using Friends with Benefits as his primary example, Turley demonstrates how using simple applications and onboarding procedures allows communities to cultivate and develop productive members. Filmed on August 25, 2021.