Uber's move into money is important to examine. It stands for a bigger shift in which tech companies are slowly but surely overtaking more and more touch-points.
The primary financial metric for success in music NFTs should not be how much an artist can charge their fans at mint. Rather, it should be how much the fans can generate for and with the artist post mint.
The narrative of ownership is integral to decentralized financial technology. Traditional online bank accounts represent balances as numbers stored in a centralized database, which can notionally be withdrawn or exchanged for goods and services at any point. As the story goes, this requires placing trust in a banking institution. Blockchain... See more
This is the Hunter Economy: a series of products that will enable people to gain status as hunters and curators, gaining social and financial capital in their favorite people, businesses, and ideas in the process.
Content, however, is not fungible; it is unique not only to a content-creator but to the medium they use. Marketplaces that become content marketplaces win the market because it is impossible to get their individuated content anywhere else.
Marc Andreessen (@pmarca) on why internet ads aren’t going anywhere:
“If you really want to get to a billion and then five billion people, you can’t do that with a paid offering… you need an indirect business model. Ads are the obvious one.”
“If you take a principle stand against ads, you’re... See more
How about this: When I post about a subject, have the social network show me powerful, useful related posts and threads from weeks, months, or even years gone by. Or remind me of thoughts or ideas I myself posted on the subject from years past; connect me with the history and trajectory of my own cognition.