DeGen, DeGen Everywhere? Reckless profit-seeking often leads to degenerative (or DeGen) behaviors. Degenerative activities are everywhere; both in Web2 and Web3 environments.
Some Web3 DeGen behaviors include: ‘flipping NFTs’ or ‘shilling tokens’ that have no underlying value. The goal is to make money at the expense of others in a fast moving game. All of this is really just an old-school buy-low/sell-high game of musical chairs. You just don't want to be standing around when the music stops.
Some examples aren't so obvious. The current employment framework is permissioned and paternalistic in nature. Traditional employment controls how, when, and where their employees work. Employers also have a fiduciary duty which requires maximization of profits on behalf of shareholders. Sharing value with the employees is not a priority of most Employers. We need a paradigm shift.
The birth of ReGen Economic Models. There is more altruistic movement that uses Web3 tools (smart contracts, community tokens, etc) for sustainable, positive-sum economic outcomes. These activities are often described as ‘public goods’ or, as we prefer, ‘regenerative (ReGen) games'.
Opolis = ReGen Employment. Everything we build at Opolis contributes to a regenerative vision for Employment. As a public-utility that reorganizes the entire design employment, the Opolis model creates a mutualistic relationship between workers and the projects/communities/companies they serve.