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The Rise of Blockchain Egregores

Author(s)
de Filippi, Primavera  
Mannan, Morshed  
Reijers, Wessel  
Uri
http://hdl.handle.net/10197/26439
Date Issued
2024-07-01
Date Available
2024-07-19T11:03:35Z
Abstract
This article explores the emergence of cryptocurrencies like Dogecoin and Shiba Inu in the "crypto carnival" and their ties to the Trickster archetype. It discusses the concept of tokens and the surge of tokenization in the crypto-summer of 2020-2021. The article explains how Shiba Inu became a purely recursive token with no external measure of value. It also explores the creation of egregores, which are created intentionally or unintentionally by groups of people who share a common belief or interest. Finally, the article discusses how digital assets born out of a countermovement may eventually fall prey to the same system they were trying to escape from, using the carnivalesque to trigger the emergence of an egregore that brings monetary value to worthless objects.
Type of Material
Book Chapter
Publisher
Emerald
Series
Research in the Sociology of Organizations
Vol. 89
Copyright (Published Version)
2024 the Authors
Subjects

Cryptocurrencies

Dogecoin

Shiba Inu

Bored Ape Yacht Club

Collective concepts

DOI
10.1108/S0733-558X20240000089011
Language
English
Status of Item
Peer reviewed
Journal
DuPont, Q., Kavanagh, D. and Dylan-Ennis, P. (eds.). Defining Web3: A Guide to the New Cultural Economy
ISBN
978-1-83549-600-8
This item is made available under a Creative Commons License
https://creativecommons.org/licenses/by-nc-nd/3.0/ie/
File(s)
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11_de felippi mannan and reijers.pdf

Size

199.16 KB

Format

Adobe PDF

Checksum (MD5)

d8e7f97d12ef7bc1a2328a2517c93981

Owning collection
Business Research Collection

Item descriptive metadata is released under a CC-0 (public domain) license: https://creativecommons.org/public-domain/cc0/.
All other content is subject to copyright.

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