I’ve been on a quest to find historical and uprising projects to include as use cases in my new book, the NFT Encyclopedia. I’ve discovered that one of the most significant transformations Web3 is heralding is the emergence of a more inclusive ownership economy. According to , “ .” NASDAQ An ownership economy is any economic system where those who participate also hold an ownership or financial stake. If you’ve been given employee stock options, then you’ve been a member of an ownership economy. The principle behind employee stock option plans is that a long-term financial stake aligns between the enterprise and its workers and that alignment is critical to the long-term success of the enterprise Propelled by the advent of cryptocurrency and currently DAOs, this cooperative model can access a broader, global talent base while creating value beneficial to a wider pool of individuals exceeding past expectations. With more excellent value created and further talent being leveraged in meaningful ways comes the promise of more equitable modes of economic organization. An ownership economy is not constantly an actual distribution of tokens, stock options, or equity, nor does the application or service have to be built totally on a blockchain. Instead, ownership may personify in the structure of economic rewards, governance, or various forms of recent foundations of enjoyable user experiences. Social Capital, With cryptocurrencies like Bitcoin and Ethereum, members of communities are empowered to share about the project while receiving remuneration in the native asset to help secure the network. As the smart contract system implemented on Ethereum proved to result in numerous novel uses, one of the most transformative implementations has been DAOs. DAOs, though seen as a buzzword, are so for a reason, as they are communally governed organizations. Without a single human arbiter to execute goals, DAOs rely on transparency as embodied in smart contracts. We live in an uncertain period where DAOs are necessary to cultivate new levels of efficiency and democratization in forward-thinking organizations. With the world-altering transition to Web3, we see the movement towards an ownership economy existing in nascent stages, though the opportunities excite the masses, as they are endless. The many benefits offered by this new organization, along with the transformative principles of tokenization, have been utilized by an early forward-thinking project, RealtyDAO, to foster an ecosystem for generating value in the realm of digital property, notably domains, an idea conceived at the genesis of the technological revolution. RealtyDAO was introduced to me by Chad Folkening, an innovative entrepreneur who has had to continually evolve to overcome obstacles in this life. Wanna know a little about Chad? Do you love a good underdog story!? - I do! Like those who showered me with love through opportunity and praise, I love to support those who never give up and have overcome ALL odds in the process! I know you do too. Can I get an amen and hallelujah for Chad or at least a round of applause-? Let me tell you why. This now tech co-founder but former disabled nurse empathized with a series of unfortunate events that left Chad physically injured, struggling, and with a broken heart. #sadness After the death of his very young 25-year-old brother (and more recently his only remaining brother, RIP and bless your heart, Chad!) Folkening, like many respected underdogs, took the overwhelming pain he was experiencing and transformed his life into one that is creating a legacy. #MADRESPECT CHAD! After battling what seemed like every force trying to “knock out” Chad, he arose as the core leader of RealtyDAO; Folkening has stood at the vanguard of this technological and economic revolution with a patent for a “ ” which he filed in pre-NFT era in 2014; platform for building virtual entities using equity systems YES! 2014!!!! The brilliant minds behind RealtyDAO have persisted in building upon their vision to provide a much-needed platform for increasing domain value with a network for the tokenization and liquidity of URL assets. RealtyDAO already includes an expansive ecosystem of over 20,000 premium digital native assets, among which are Referrals.com, Applications.com, eShares.com, and others. The organization has cultivated relationships with the industry’s leading owners of digital native assets (DNAs) while providing tools necessary to generate value, liquidity, and automated contribution efficiency. DNAs, like domains, are equivalent to real estate in the digital world. Last year alone, over 6.7 billion dollars was generated in sales. Although hardly a niche market, RealtyDAO leverages the potential of DNAs to revolutionize the market of the present and future. DNA owners who wish to access the platform's advantages will have instant liquidity created for their assets via tokenization on the Ethereum blockchain after acceptance by the protocol. Any DNA accepted will carry its own value determined by factors including team, monetization, and partnerships. Tokenization permits DNA owners to sell fractions of their property to community participants with tokens pre-mined and pegged to the USD; many risks associated with more volatile cryptocurrency platforms are obviated. With RealtyDAO, we have the much-needed clear air that comes with a project dedicated to optimizing assets through tokenization instead of another speculative endeavor leaning on weaker foundations. Conclusion You guys know I like a good project with a significant impact behind it. Well, The guys at RealtyDAO started the SavingTheWorld.org DAO, which focuses on what Chad describes as a “ thorn in the ass type impact approach while leveraging other URLs like Entrepreneurs.org, Training.org, Interoperability.org, Connectivity.org to deliver products and services to those in need through the network of projects.“ Chad states, “ RealityDAO has pledged and have promoted 2% using our cap table on-chain protocol, eshares.com to these impact projects.  Once the network creates a dominant value proposition and demand from other digital native URL assets, we can continue to push the 2% pledge to these impact projects creating a circular and sustainable community impact network.  We also compress time and opportunity for thousands (contrib) who would never get the chance to create, measure, and own value within premium high growth assets.” Therefore, if you want to make a little kickback on some old domains, you’re not using, this is an excellent opportunity to do so and feel good about the outcome! Check out RealtyDAO and submit your URLs asap! :D https://realtydao.com/docsv2 https://www.awesomescreenshot.com/video/8008544?key=b1d2e839df62c7a5f55612a4e3497198

Ethereum

Chain

How a Warm Beer Defined the Notion for Non-Fungible Tokens in 2015

 MassCrypto Founder Alyze Sam Believes in a Correctly Operating DAO

For my blockchain-based solutions dedicated to social development & empowerment click here

For poetic unbiased copy, boring tech copy, fun storytelling, or otherwise, reach out to me! 

Nominated for 2022 - HackerNoon Contributor of the Year - Media

Nominated for 2022 - HackerNoon Contributor of the Year - Fintech

Nominated for 2022 - HackerNoon Contributor of the Year - Money

Nominated for 2022 - HackerNoon Contributor of the Year - Information Technology

Nominated for 2022 - HackerNoon Contributor of the Year - Data Privacy

Nominated for 2022 - HackerNoon Contributor of the Year - Podcast

Too Long; Didn't Read

Make resilience your competitive advantage

Fussing for Fiat? RealtyDAO Is Generating Profits for Me with Dumb Domains Laying Around

Fussing for Fiat? RealtyDAO Is Generating Profits for Me with Dumb Domains Laying Around

About Author

Comments

TOPICS

THIS ARTICLE WAS FEATURED IN

Related Stories

Untitled Story

Fueling Innovation Through DevOps Collaboration & Culture

The Noonification: The Four Horsemen of Flaky Tests (10/24/2023)

1 Month Later: The Impact of Apple’s Vision Pro on Metaverse Search Volume

15 Augmented Reality Quotes Every Tech Professional Should Read

3 Transformative Ways That Mixed Reality Is Improving Healthcare

Fueling Innovation Through DevOps Collaboration & Culture

The Noonification: The Four Horsemen of Flaky Tests (10/24/2023)

1 Month Later: The Impact of Apple’s Vision Pro on Metaverse Search Volume

15 Augmented Reality Quotes Every Tech Professional Should Read

3 Transformative Ways That Mixed Reality Is Improving Healthcare

Light-Mode

Classic

Newspaper

Dark-Mode

Neon Noir

Minty

HN StartUps