But if there is any solace, there is a silver lining for NFTs: With MLMs, your entire “community” rests on a singular goal behind financial independence by selling a product - within the world of Web3, there’s a belief in a larger movement around decentralization and peer networks that connects people.
What the internet and social media have done essentially is increase the surface area of status seeking to the digital realm and virtual realm, and vastly expanded that surface area.
In the short-term, we’re seeing audio-first social serving users based on relevance or familiarity: either they (1) serve niche communities with relevant, shared interests whether it be a topical interest or a functional interest (Clubhouse, QuarantineChat), or they (2) serve small groups with people that are familiar with each other (Rodeo, Chalk,... See more
Crypto assets are not really scarce either. Of course, this is a little intellectually dishonest. Bitcoin and Ethereum themselves are scarce due to their hard-cap supply or deflationary tokenomic designs; Crypto Punks are scarce because there is a finite and fixed supply; and yes, there will probably only ever be 5,200 Crypto Dickbutts. But the amo... See more