Economic space

We think we are discovering a new value form: a new social and relational form that characterizes the information age, and which the existing economic grammar does not express or understand. We call it the economic space. It is a new economic abstraction layer (in a sense, we think it is what comes after “DAOs”):

(1) An economic collaboration space bounded by a protocol: a programmable network where participants define, share, value and execute each other’s economic performances. Participants coordinate and communicate economically via offers without central decision-making bodies. We think this organization type is the next step beyond DAOs.

(2) An expression, but can also become an expressor, i.e, an agent or agency. Why is it important to see an economic interaction space bounded by a protocol also as a synthetic agent rather than just a market? This reflectivity means that a network can fold on itself, it can express itself as a living thing: that it can create its own subjectivity, talk and reason about itself and create its own (economic space) agency. It means it can have an ethic, a relation to itself, to affect and be affected by itself. In a sense, economic space is like a super capable DAO with a subjectivity, a digital soul.

(3) An agent that is able to hold, issue, clear, credit, stake and trade. It is like a hybrid of a wallet, a ledger, a bookkeeper, a trader, a dealer, a banker, an investor, an organizer, a market maker, a curator, a navigator. An economic space has its own ledger(s) and is able to send, receive and engage in financial relationships: to create relationships with other economic spaces; to create economic networks. Network of offers enables the creation of persistent patterns (“organization”) in these relations.

(4) A.k.a. a Social derivative.