Thread by @balajis

Alignment of interests, for the win.

NFTs let us expand tech-style financing into way more areas: art, music, movies, games. And not a moment too soon, as the legacy culture has lost the plot.

Create risky, pseudonymous art. Make money. Become cancel-proof. What’s not to like?

https://twitter.com/thestalwart/status/1367170798100840455

Note: I am well aware that movies and music have established financing models, & many games are funded by tech investors 🙂

But the secondary markets & degree of monetization that NFTs open up will transform those sectors and see much more in the way of tech dollars pouring in.

Btw @TheStalwart is of course right that this was not a long-standing concern of many of the new entrants to the market.

But so long as NFTs will be around for a while (and they have been in gestation for 4+ years), economic alignment will lead to more lasting future alignment.

https://twitter.com/thestalwart/status/1367170798100840455

Right now we’re just at the early stages.

But pseudonymous, international, monetizable censorship-proof digital art will shake regimes.

And legacy propaganda outlets will rotate like turrets with no one to target.

Art and more generally culture has been on a tight leash for a while, both financially & reputationally.

Pseudonymous monetization means years, maybe decades, of pent-up creativity may burst forth.

It may take time to fully free minds, however... archive.ifla.org/IV/ifla64/067-…