💻🌃🧙♂️Crypto Will Change Value, NFTs Will Change Society
Note: “Crypto” is a catch-all term for assets like bitcoin and blockchain protocols like Ethereum. Note 2: The “Metaverse” is a virtual environment where people live, work, and play. Crypto is going to radically alter finance, value, organization, governance, the internet, money, and more. But it’s non-fungible tokens (NFTs) that will radically alter human society and culture.
Creators, Communities, and the Gray Space in the Middle — Nichanan Kesonpat
How David Bowie presciently described the breakdown of barriers between creators and their audiences, the future of digital communities, and experiments in NFTs and social tokens.
Established art cultures online and in the physical world won’t be early adopters of NFTs. A crypto-native subculture will emerge around the medium first.
This is an edited, updated version of an essay I wrote in 2008 when this now popular idea was embryonic and ragged. I recently rewrote it to convey the core ideas, minus out-of-date details. This revisited essay appears in Tim