The onchain economy is rapidly reshaping how we think about value, ownership, and transactions. But what does that really mean for the average person? During an insightful live stream by crypto biggest influencer @threadguy interviewing @jesse.base.eth, people's aphas and onchain champions. Jesse.base.eth broke it down in a way that everyone can understand. Here’s a simple guide to what they shared about the future of the onchain economy and why it matters to you.
What Is the Onchain Economy?
The onchain economy refers to all the activities happening directly on blockchain networks. Think of it as a new kind of economy where:
Cryptocurrencies like Bitcoin and Ethereum are money.
Tokens represent anything from art (NFTs) to ownership of physical assets like houses or cars.
Decentralized applications (dApps) allow people to interact without middlemen, using blockchain’s secure and transparent systems.
This economy makes it easier to do business, exchange value, and even create things like digital communities—all while being open to everyone, no matter where you live.
Why Should You Care About the Onchain Economy?
The onchain economy is more than just crypto; it’s about building a better, more inclusive financial system. Here's what makes it exciting:
Global Participation: You can join from anywhere, without needing a bank or big institution.
Transparency & Security: Transactions and ownership are recorded publicly and can’t be tampered with.
Sustainability: Many blockchains, like Ethereum, now use energy-efficient systems (Proof of Stake) that reduce environmental impact by over 99%.
Key Topics From the Live Stream
Onboarding Millions of New Users
Threadguy and Jesse believe the next two years are critical for bringing everyday people into the onchain economy. Platforms like Base and Coinbase are working hard to make it easy for anyone to join. The idea is to make crypto tools as user-friendly as your favorite apps, so millions can experience the benefits of being onchain.
The Meme Coin Culture
Believe it or not, meme coins (like Dogecoin and Shiba Inu) are playing a big role in crypto adoption. They’re fun, easy to understand, and bring communities together. According to Jesse, Base can harness this energy to grow its ecosystem and make the onchain economy more appealing to everyone.
Better Content for the Onchain World
Creating great content onchain is key. Why? Because content drives attention, and attention fuels growth. The goal is to craft content that feels relatable and polished, giving Web3 applications the same level of user experience as big Web2 platforms like Instagram or TikTok.
Web3 Will Take Over Web2
Web3 is the next evolution of the internet, and the onchain economy is at its core. Imagine doing everything you do online today—shopping, socializing, or playing games, but with more control over your data and finances. Slowly but surely, Web3 tools will replace Web2 giants, offering a better and more personal internet experience.
More Coinbase Users, More Growth
Coinbase plays a huge role in bringing people into crypto. By focusing on user-friendly tools and sustainability initiatives (like carbon offsets), Coinbase is building a bridge between traditional finance and the onchain economy. The more people join Coinbase and use Base, the faster the onchain economy grows.
What’s Next for the Onchain Economy?
Tokenization of Real-World Assets
Imagine owning a piece of real estate or artwork but without the need for endless paperwork or middlemen. Tokenization makes this possible by breaking assets into smaller, tradable pieces (tokens). These tokens can be traded globally, 24/7, making investments more accessible and secure.
A Sustainable Future
The onchain economy is becoming greener. Ethereum's switch to Proof of Stake in 2022 cut its energy use by 99%. Platforms like Coinbase are investing in renewable energy and carbon offsets, ensuring that the onchain economy aligns with global climate goals.
Solving Real-World Problems
From stabilizing local currencies to reducing waste in agriculture, blockchain technology can tackle real-world challenges. The onchain economy isn't just about money—it's about creating practical solutions that improve lives.
Why This Matters to You
The onchain economy isn’t just for techies or crypto enthusiasts, it’s for everyone. It’s building a world where:
You have more control over your money and assets.
Transactions are faster, cheaper, and more secure.
Opportunities are open to anyone, anywhere.
As Jesse.base.eth said, “The onchain economy is where we’ll see the biggest innovations of our time. It’s not just about crypto, it’s about rewriting the rules of the global economy.”
Conclusion; Ending this amazing content
The onchain economy is the future of finance, tech, and even culture. Whether you’re a complete beginner or a seasoned crypto pro, there’s a place for you in this new world. Join platforms like Base, follow people like Threadguy and Jesse, and start exploring the endless possibilities.
After all, the onchain economy isn’t just the future, it’s already here.