Market

Like money, market is a “Layer 1” economic interoperability protocol. It is made of offer, matching, netting, and clearing protocols that its agents must adopt to interoperate as a coherent whole. In other words, it is an economic communication network. It is a space of communication and exchange that structures the space of possibilities for interactions and for the economic properties of the objects populating such spaces. We are market makers. We want to make markets – give structure to a space of exchange and communication – for performances organized around different collectively defined values. In the economic space protocol, those who participate in markets are agents who interact in a network and, through their interactions, create economic space. In these markets, prices are disconnected from the presumption of pursuit of profit and instead express units of collectively-defined network value. Transactions are confirmed by the transfer of tokens on a network ledger, rather than exchanges of “money”.