Definition ∞ A New Business Model represents a fresh approach to creating, delivering, and capturing value for customers and the organization. This involves fundamental changes to a company’s core operations, revenue streams, cost structures, or target markets. New business models often emerge from technological innovation, shifting consumer preferences, or changes in the competitive landscape. They seek to redefine how an enterprise functions and generates profit.
Context ∞ The blockchain and digital asset sectors are catalysts for numerous new business models, particularly in decentralized finance (DeFi), non-fungible tokens (NFTs), and Web3 applications. These models often prioritize decentralization, community governance, and direct ownership, challenging traditional intermediaries and centralized platforms. Examples include play-to-earn gaming, fractionalized asset ownership, and peer-to-peer lending without banks, each presenting distinct regulatory and operational considerations.
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