There’s also a category in the Silicon Valley lexicon called “zombies” — the companies that don’t quite become unicorns but aren’t failures either. They’re a dead weight on the investors’ balance sheets because, for one reason or another, nobody wants to buy them. Even if a company like that is making a profit and pleasing users, it can be... See more
CREATORS may rush to start minting NFTs as a way to get paid for what they’ve created. Unlike alternative digital currencies which are relatively complicated to invent and sell, it’s recently become super easy to ‘mint’ an NFT. I could, for example, turn each of the 8,500 posts on this blog into a token and sell them on the open market.
I think it’s almost all social. For most fans it's really about the flex: “I was the first person to be a fan” or “I’m the biggest fan”, and that can be shown in a bunch of different ways. Maybe you get a new badge or achievement when you donate more than $500 to that person. That’s a real flex. They’re clearly a super fan. The social side of it... See more