The creator of Gitcoin Kevin Owocki started a discussion on Github asking to hear people's predictions for which business models / token models are going to survive and thrive into 2020 and 2021.
Basically, what I'm asking you to do is to go back to 2002 and tell me Amazon is going to succeed and Pets.com is going to fail.
I would like to hear your predictions and opinions! Maybe we can spark some discussion.
Here is my response:
The ICO model can be said to be the Pets.com of blockchain business models. Although many have succeeded and persist today, it was cluttered with pump-and-dump schemes and unspectacular projects. There are three models that I am watching that seem very promising for the upcoming years.
The first one is Decentralized Altruistic Communities (DAC) which Giveth is spearheading. The combination of using smart contracts for governance and management of funds on the blockchain allows for transparent and decentralized fundraising which is something that non-profits can benefit from. I can cite Red Cross as an example of a charity/non-profit that could benefit from transparency since many are becoming skeptical of what Red Cross does exactly with the funds they raise.
The second one is maybe too obvious to discuss here. But it is Gitcoin (lol). Having a bounties network built on top of the collaboration layer (GitHub) as an incentivization layer (GitCoin) is a revolutionary idea IMO. But, indeed, I'm preaching to the choir here. In any case, I hope this is the future of career-building at least for software developers and other creatives.
The third one is social media on the blockchain. Steemit (on the steem blockchain) has seen a lot of success here. The monetization of Steemit is game-changing concept here. Instead of selling ad-space to advertisers, monetization is put into the hands of content consumers (as curators) where 'upvotes' are actually more like 'tips.' This way content creators are rewarded more directly by the consumers of their content vs. the traditional ad-based monetization. Brave and the Basic Attention Token (BAT) is another project in this similar regard, but they are yet to implement the feature to get paid to watch ads. Steemit already has a large audience, and Brave seems promising in the next couple of years if it is adopted by the masses.
Checkout the discussion on [Github]( The creator of Gitcoin Kevin Owocki started a discussion on Github asking to hear people's predictions for which business models / token models are going to survive and thrive into 2020 and 2021.
Basically, what I'm asking you to do is to go back to 2002 and tell me Amazon is going to succeed and Pets.com is going to fail.
I would like to hear your predictions and opinions! Maybe we can spark some discussion.
Here is my response:
The ICO model can be said to be the Pets.com of blockchain business models. Although many have succeeded and persist today, it was cluttered with pump-and-dump schemes and unspectacular projects. There are three models that I am watching that seem very promising for the upcoming years.
The first one is Decentralized Altruistic Communities (DAC) which Giveth is spearheading. The combination of using smart contracts for governance and management of funds on the blockchain allows for transparent and decentralized fundraising which is something that non-profits can benefit from. I can cite Red Cross as an example of a charity/non-profit that could benefit from transparency since many are becoming skeptical of what Red Cross does exactly with the funds they raise.
The second one is maybe too obvious to discuss here. But it is Gitcoin (lol). Having a bounties network built on top of the collaboration layer (GitHub) as an incentivization layer (GitCoin) is a revolutionary idea IMO. But, indeed, I'm preaching to the choir here. In any case, I hope this is the future of career-building at least for software developers and other creatives.
The third one is social media on the blockchain. Steemit (on the steem blockchain) has seen a lot of success here. The monetization of Steemit is game-changing concept here. Instead of selling ad-space to advertisers, monetization is put into the hands of content consumers (as curators) where 'upvotes' are actually more like 'tips.' This way content creators are rewarded more directly by the consumers of their content vs. the traditional ad-based monetization. Brave and the Basic Attention Token (BAT) is another project in this similar regard, but they are yet to implement the feature to get paid to watch ads. Steemit already has a large audience, and Brave seems promising in the next couple of years if it is adopted by the masses.
Checkout the discussion on Github to see more responses from others.