NFTs and the Transition to Game B
I attended a Men’s Leadership Seminar back in 2016. I was deep in the Blockchain space at the time, and one of the other men and I were chatting. When he learned I was working with cryptocurrencies, he says, “You need to meet my friend Jordan. We used to play D&D together.”
That’s how I met Jordan Hall.
In order to understand on a more deeper level where we are headed, looking at what’s been happening recently with $WHALE, $B20, and $GAMESTONK gives a visceral sense of collective social movements and how digital and crypto native Millennials and GenZers are able to play with digital Monopoly money in a way that the most existing Boomers and their institutions are struggling to grok.
GenX Meme Lord Elon Musk gets it. It did take him a while, but I think he’s there. Literally.
Jordan recently wrote an article, NFT contract models.
TLDR; NFT’s are a new way of structuring value flows that takes advantage of blockchain trust and transparency to potentially radically shift things in a good direction.
This video goes deeper.
“First order, we’re talking about NFT space: What’s happening in NFTs is part of a much larger story, and a big part of that larger story is the migration of the entire socio-technical infrastructure for governing and running civilization from this one to some new possibility that has very different characteristics and you have to take the whole accounting of that if you really want to look at it.”
Now, the hype around Beeple and the price tags of high profile NFT art auctions are bringing attention to the space, and that will attract bad actors, as has happened in every technology boom cycle.
However, there are real solutions for transparently funding and rewarding creators that actually create the art, games, entertainment, and products that we love rather than allowing corporate CEOs to extract massive bonuses from the creations while laying off the people who actually make the products.
I can tell i need to do some work to get up to speed on this thinking. Great post!