It’s clear that Uber, Lyft, Postmates, etc. have led to tremendous value creation, but that value has disproportionately accrued to executives, employees, and investors of those companies, rather than to the workers that enable these services to operate on a daily basis.
That P2P apps like Venmo, Cash App and even Paypal have emerged despite such headwinds shows the massive need for more bank-agnostic, multiplayer financial tools. And none of these apps allow users to create truly shared accounts.
Our digital wallets and our social media accounts make us all collectors, and it turns our collections into capital traded in social, cultural and economic currency. Value of the Bored Ape Yacht Club NFTs collection is greater because design of its items are randomized.
Some things feel different, though—taking a few moments out of my day to play Wordle or post to BeReal. I do these consciously and attentively, as daily rituals, and I’m optimistic that social products can foster rituals, not just habits. Ritual social apps aim to create regular, purposeful moments, even if small ones; they’re at their best as a mi... See more