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March 5, 2026Platforms & SocietyOpen Access

Liquid platforms: Theorising the new digital economy

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Authors

TMTom McDonald

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Implication

Ethnographic research explores how non-fungible tokens generate liquidity in digital economies, suggesting complex platform dynamics.

Key Points

  • This research aims to explore the concept of 'liquid platforms' and their impact on the digital economy.
  • Conducted ethnographic research and interviews with NFT collectors and industry leaders in Hong Kong
  • Investigated practices like 'grinding' and platform boundary manipulation
  • Analyzed the sociotechnical role of platforms in generating liquidity
  • Demonstrated that actors engage in makeshift decentralization to navigate fluid platform boundaries
  • Highlighted how efforts to stabilize prices through liquidity remain vulnerable to corrections
  • Showed that platforms function as both infrastructural and sociotechnical systems in the digital economy

Cite This Study

Tom McDonald (2026) studied this question.

synapsesocial.com/papers/69a91e1fd6127c7a504c1b8ahttps://doi.org/10.1177/29768624261425418
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Also Consider

Synapse has enriched 3 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1Liquid homeownership: Navigating future horizons to turn homeownership into assets in Bucharest, Romania2024 · 4 citations
  2. 2The politics of ‘platforms’2010 · 2,417 citations
  3. 3Jio sparks Disruption 2.0: infrastructural imaginaries and platform ecosystems in ‘Digital India’2018 · 111 citations