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
It’s still incredibly early for NFTs. If the target market is ultimately “anyone who buys anything online” (which it should be), and over 2 billion people have made an online purchase, then only 0.01% of the target market has purchased an NFT, using OpenSea’s 292k all-time traders as a proxy.
But I personally think that many of the things that we talked about, like buttons, comments, etc, are things that are very much old social media norms. And I think the newer social platforms like TikTok and others are innovating past that in a new way. They still have the same type of functionality, but it doesn't work in the same way as many peopl... See more