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FEATURE Crypto Weekly
Online Communities Will be Dominated by DAOs in Five Years
Creating an online community with as little friction as possible is the goal of a decentralized autonomous organization. The range of online communities that share a common interest on the internet includes social networks, grassroots organizations, and customer communities. As a society, we are naturally communal, so engaging in ideas and interests with others online makes sense. Through direct or indirect relationships, communities are built. Our methods vary, however.
J
akob Nielsen proposed a 90-9-1 rule in 2006 based on the inequality of participation in online communities and social media. Nielsen reports that 90% of people who use online communities are lurkers. They observe but don't contribute, 9% contribute a little, and 1% contribute the most. However, as online communities continue to grow in influence, their nature is changing. The previous era was dominated by a relationship between users, customers, and creators. However, online communities have started to take control of what they want to share in recent years.
December 2021 | Volume 05
Owning and creating in the economy Due to COVID-19 forcing many of us to work from home and socially distance ourselves from loved ones, digital connectivity has played a significant role in staying connected. Many have become more dependent on online communities as a result. In a study conducted by Facebook in conjunction with the Governance Lab at New York University, 77% of respondents indicated their most crucial group operates online. Content can be easily created and shared in today's world. Creator economies,
based on human creativity, intellectual property, and technology, continue to grow. We must appreciate the creator economy more than ever after years of lockdowns. The creative economy will play a key role in rebuilding economies following the ongoing global pandemic of COVID-19. According to Deloitte's figures, there could be more than eight million jobs in this sector by 2030. Leaving behind the sharing economy and moving toward an ownership economy is the next logical step. A nonfungible token (NFT) is an example of the creation and ownership economies
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