I expect it to become routine--first among younger people in more technical fields--that recruitment will involve looking at someone’s blockchain-backed identity to see a richer picture of the person’s background. If a candidate with an unpromising resume can demonstrate an unusually large number of these Gold Star tokens--in which former bosses an... See more
This is all happening despite the fact that it’s still fairly clunky and expensive to engage with NFTs on Ethereum. Minting a single NFT costs roughly $100 in ETH, and buying and trading incurs high transaction fees.
In addition to the fact that barriers to entry are still a bit high for non-technical folks, it seems like there’s not much incentive for the average person to care about participating in web3 right now. Yes, there’s been a lot of mainstream attention on cryptocurrency and NFTs as an investment, but combined with its high-risk, that hardly seems li... See more
People like to talk about how media needs new business models. The business models are perfectly fine. People will either pay for the content themselves or their attention will be monetized with advertising. Those are fundamentally good business models.
Well, one explanation I liked quite a bit was recently written by Wall Street Journal columnist Christopher Mims, who argued that social media isn’t dying, but changing into broadcast media. The majority of the content we see on a daily basis is now made or shared by a small professional class of users, known as the creator economy. Which is making... See more