# 34 - The Ownership Economy | Jesse Walden

*Author: Ryan Sean Adams*
*Published: Oct 12, 2020*
*Source: https://www.bankless.com/es/the-ownership-economy-jesse-walden*

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Jesse Walden speaks about 'the ownership economy', in which value is returned to the producers via a protocol by compensation codified in its core.

YouTube, Facebook, Twitter are now extracting more than they are providing.

Can Ethereum and DeFi solve this? How can Ethereum host an internet-sized cooperative, like REI? How can token ownership create a larger tent, that can scale organizations past previous limits?

We also discuss Jesse's 3 theories for how crypto will be adopted, and which one he believes will come first:

- The people come, Bank the Unbanked!
- The institutions come, WallStreet wants part of the global casino
- The economy comes, non-financial apps create a “real economy"

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### RESOURCES
- 📄 [The Ownership Economy Thesis](https://variant.fund/the-ownership-economy-crypto-and-consumer-software/)
- 📄 [How DeFi Crosses the Chasm](https://variant.fund/how-does-defi-cross-the-chasm/)
- 📄 [Progressive Decentralization vs. Fair Launch](https://variant.fund/progressive-decentralization-a-playbook-for-building-crypto-applications/)
- 📄 [Business Models in Crypto](https://variant.fund/cryptos-business-model-is-familiar-what-isnt-is-who-benefits/)