The ubiquity of technology and the standardisation of internet-based connectivity has facilitated the emergence of new digital economies. In some instances, these economies 1) allow participants to trade excess supply, 2) facilitate new ways to commercialise existing activities and influence and 3) generate income in wholly digital spaces from... See more

So the question is, "What is the healthy version of this world?" And the healthy version of the world is one where you have marketplaces for virtual goods of all kinds, whether NFTs, in-game skins, membership tokens in communities, whatever. You have these concepts that you have in FX, like best execution and minimizing brokerage fees being put... See more

Something similar is currently happening in the virtual world. Online scarcity is possible. Virtual land can be valuable if it provides exclusive access to a unique flow of economic opportunities — in the same way that a domain name can be valuable. As such, virtual land can indeed be scarce. But the fundamentals are tough to read, the number of... See more