added by sari and · updated 2y ago
What Happens When You’re the Investment
- What’s groundbreaking about crypto is that it shifts the web from social currency to economic currency. When I like your Instagram post today, I grant you some social capital; what’s the equivalent for the cryptomedia age? Me “liking” your content may mean me financially investing in your success and sharing in future income. Maybe Spotify’s Year i... See more
from Everyone Is An Investor by Rex Woodbury
sari added
- Social capital, as he presents it, is a form of wealth that can compound and throw off real dividends when it’s cultivated, or wither and die when it’s drawn down or neglected. Having access to social capital is a privilege. In the business world, social capital is earned over decades, and doled out carefully by those who have it: you can’t just gi... See more
from Social Capital in Silicon Valley by Alex Danco
sari added
- We may balk at having “personal market caps,” but many of us already do – it is simply denominated in the currency of followers. As social media platforms have increased in importance, the blue-chip entities of this exchange – influencers – have found ways to transmute social capital into financial capital.
from Social Tokens: The Economy of You | The Generalist by Mario Gabriele
Danielle Vermeer added