web2: your distraction will be monetized
web3: you will monetize your distraction
from using your parents credit card to buy fortnite skins, to paying off their mortgage by selling them
from making memes that go viral on twitter to making memes that increase the market cap of an asset you own a piece of
this sounds incredibly far fetched, but:
web3 is ubi in disguise
or, universal basic equity
culture is a market that everyone participates in, makes more valuable, and should benefit from their contributions to
an important caveat:
I don't think this means every individual becomes a hyper successful standalone entity
I do think it allows people to directly own and contribute to the network effects of an entity (themself or other) without permission, and get paid with less friction
• • •
Missing some Tweet in this thread? You can try to
force a refresh
creatives asking if they should pay attention to NFTs in 2021 will age similarly to business owners asking if they should pay attention to the internet in 2001
will there be insanely successful examples of people using NFTs that make you want to give up? yes
does it mean that NFTs as a technology aren't an entirely new mechanism for digital value exchange? no
i was 13 in 2001 so did not experience the dot com mania, but have heard plenty of parallel stories
with any exploding market comes speculators on both the buy and sell side
the world is also exponentially different, i couldn't have written this on twitter in 2001