Off the chain: An appreciative inquiry into the emerging culture and values of a new layer 1 blockchain organization

Abstract

<p><span lang="EN-US" style="font-size: 10.0pt; mso-bidi-font-size: 11.0pt; line-height: 115%; font-family: 'Times New Roman',serif; mso-fareast-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">Amidst the rise of Web3, a technology transforming user interactions and challenging corporate control, this study uses a hybrid model of appreciative inquiry that matches the remote and decentralized nature of Web3 communities, to investigate the formation of a blockchain startup and its emergent culture and values. Despite limited resources, the company has built a diverse, global community via digital platforms, exceeding stakeholder expectations. This appreciative inquiry uncovers a community manifesting five core values: excellence, sustainable innovation, inclusivity, continuous learning, and creativity, challenging stereotypes often associated with the Web3 industry. This work advances participative research by introducing a hybrid model of appreciative inquiry tailored for remote and decentralized Web3 communities. By adapting appreciative inquiry to the unique dynamics of blockchain-dependent organizations, this study extends the methodology’s applicability and demonstrates its effectiveness in uncovering and fostering core communal values within cutting-edge technological contexts.</span></p>