With technology increasing, we’ll move closer and closer to Neal Stephenson’s Metaverse in Snow Crash, where we live as much online as offline and conduct ourselves according to the online laws and customs, working in the cybereconomy.
Now compare that with a service that’s not only a video hosting platform, but simultaneously a video creation platform: TikTok. For creators, TikTok is incredibly differentiated because their videos can only be created on TikTok through their creation tools.
Financialization, as Nathan points out in his conclusion, has benefits in that it attracts a large amount of motivation and energy into building and participating in systems that would not otherwise exist. Furthermore, preventing financialization is very difficult and high cost, and works best when done sparingly, where it is needed most. However, ... See more