The traditional firm is nearing its death. Long live the DAO.Image Credit to Belle Co via PexelsCommunity is everything, especially in today\u2019s day-and-age. With Bitcoin, that principle\u2019s been extended to the creation and management of money and with Ether, it\u2019s been brought on to the creation of platform businesses and the internet-at-large. Most topics related to these ideas have been covered time and time again by excellent writers and researchers.What I\u2019ve noticed in my time working in this disruptive space is that the impact of the blockchain, smart contracts, and overall crypto economics (DeFi) on the creative industries has been largely underserved. This year, that\u2019s starting to change with the explosive growth of the crypto art movement, crypto games, and projects like Audius, but even so, it\u2019s early yet.Truthfully, because of how much has happened in 2020 alone, I could write for days on-end on the rise of these sectors. Still, one has to start somewhere right?For me, that\u2019s with going back to the basics.What made the crypto space a powerful movement from the start and continues to make it so?The disintermediation of everything.How do we understand the impact of \u201cdisintermediation\u201d in the creative industries?Because so many industries apply in this case, I\u2019d like to stick to music and book publishing for now. Ask yourself: what\u2019s the biggest problem that all of these industries share? Record companies, galleries, book publishers, and all sorts of other middle-men like agents sit in the middle of the transaction between the creator and their fans, taking extravagant rents.At face value, \u201crents\u201d refer to fees for providing the service of getting something from point A to point B and, in these cases, marketing it while doing so to increase its revenue and overall market penetration. Think about what a record company does. They and their\u2026<\/p>","protected":false},"excerpt":{"rendered":"
The traditional firm is nearing its death. Long live the DAO.Image Credit to Belle Co via PexelsCommunity is everything, especially in today\u2019s day-and-age. With Bitcoin, that [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2789,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/2788"}],"collection":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/comments?post=2788"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/2788\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/media\/2789"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/media?parent=2788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/categories?post=2788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/tags?post=2788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}