The biggest reason that the last two hundred years have seen a series of conflicts between the employers who deploy technology and workers forced to navigate that technology is that we are still subject to what is, ultimately, a profoundly undemocratic means of developing, introducing, and integrating technology into society.
A social currency is a tokenized asset that represents value within a specific community, often used to incentivize engagement, reward participation, and strengthen brand or community loyalty. It operates similarly to traditional currency but derives its worth from social interactions, reputation, and influence.
When people bring up the specter of generative AI as relates to creative work, my mind goes in a few different directions. But the point that feels most salient is the simplest: Actually doing things is fun.
One of the keys to NFTs will be portability across mediums. A Twitter blue check can’t exist on Instagram, but the NFT equivalent of a Twitter blue check can — and deliver credible authenticity, thanks to that NFT deed. This is the metaverse vision of interoperability that could help make digital belongings feel similar to physical belongings.
The Trump Administration has taken full advantage of this algorithm brain. We’ve entered the pure extraction phase of the economy, where things are created solely for consumption rather than purpose. I don’t mean this as a moralistic argument, it’s purely incentives, but it’s puzzling.