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The Newly Rich
The American Dream is Going Digital
The American Dream is Going Digital: The Land of Opportunity is the Internet This tweet went viral. As one might expect, the responses ranged from despair over a lost generation of youth, to proclamations that China would inevitably overtake the West as the leading superpower. Some ascribed ...
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Now that digital ownership is exploding by way of NFTs, people are seeing bigger financial and status opportunities online than offline. This is the biggest catalyst for living online we’ve seen to date. Individuals are building status and identity in the virtual world the way that they do in the physical world. Why own a Gucci bag to impress a few... See more
Jarrod Dicker • The Dawn of Consumer Crypto — Mirror
There are now hundreds of digital NFTs each worth more than a million dollars each. Just like Reddit stocks, they change in value dramatically, they come with a story and they’re fun to talk about with your friends and peers.
Seth Godin • Speculation is the new luxury good
And now there’s what [Venkatesh Rao] called the cryptobourgeoisie. There’s effectively an information advantage that young people can have that potentially allows them to capture some of the value that the Boomers have.