Cameron Chell, Co-Founder of Vuele, on the Role of Community in a Decentralized Economy
One peculiarity of the decentralized economy is that it creates an avenue for people to be part of something big. As a matter of fact, most decentralized projects are community-driven; hence the reason their success depends largely on adoption, and community-level performance.
In a decentralized economy, participants want to not only feel important, but to also become an integral part of the project at all levels. Often this is achieved through the acquisition of a project’s native currency, which in most cases makes participants eligible to participate in the decision-making processes of a project.
However, there is more to the role of community members in a project than participating in the decision-making process. In other cases, community members are responsible for integral activities such as block generation, validation, and finality, among others.
While this is applicable to most decentralized projects, the narrative is no different for Vuele, a decentralized protocol for streaming and collecting exclusive, limited edition, feature-length films, alongside other NFT collectables. We shared details about the fundamentals of the project in a previous publication, which you can read here.