What we have forgotten is that thoughts and words are conventions, and that it is fatal to take conventions too seriously. A convention is a social convenience, as, for example, money ... but it is absurd to take money too seriously, to confuse it with real wealth ... In somewhat the same way, thoughts, ideas and words are "coins" for real things.
New users are interacting with web3 applications for the first time not because they were allured by the idea of unstoppable money, but by beautiful pieces of art, music, NBA clips, games that earn them money, community ownership, and a general sense of belonging. It feels like we're entering the next evolutionary phase of online communities, where... See more
I want to write about Play to Earn / player owned economies in the context of monetary policy history, global macro trends, and game evolution. Also want to draw out some of the key assumptions that have to hold in order for a metaverse to succeed. Insights also apply to NFTs👇🏼