Zuckerberg is bringing us to the Instaverse (Meta’s Metaverse!) in which anyone can create NFTs in-app at a tap. Influencers will be the first to jump in.
Whether tracking your sleep, brushing your teeth or riding a bicycle apps our lives are already ‘gamified’. But what happens when financial meets social engineering to nudge people into sports games with monetary incentives?
As SMEs struggle to adapt to the post-2020 ‘new normal’ many don’t realise that the engine of their business model — buy cheap goods from China and sell them through low-wage, low-skill staff without adding any value — is broken.
The future of money and the economy is going to get very weird in the next decade. For the first time in history, anyone with a modest sum and decent internet can create their own version of ‘money’.
Many companies from the staid and traditional areas of finance are now rebranding as a ‘Fintech’ in much the same way opportunistic companies pivoted to blockchain, cryptocurrency, and marijuana in 2017 to pump their valuation.
This article documents how since Covid-19 the industry and its information ecology has rapidly degraded since C-19 when thousands of crypto companies with no viable business model doubled-down to promote vacuous products and how the industry now operates on a form of Multi-Level Marketing (MLM) for money.