Some more interesting articles and quotes critical of the newly popular non-fungible tokens (NFT):
In a blog post on medium user everest pipkin claims that the “current ecological cost of cryptoart and cryptocurrency is very real and very large, and while steps can be taken to reign in some of that energy cost, the crypto- market is still based in a value system that fundamentally ties worth to spent physical resources.”
Author Seth Godin furthermore warns that NFTS are “a dangerous trap”:
The more time and passion that creators devote to chasing the NFT, the more time they’ll spend trying to create the appearance of scarcity and hustling people to believe that the tokens will go up in value. They’ll become promoters of digital tokens more than they are creators. Because that’s the only reason that someone is likely to buy one–like a stock, they hope it will go up in value. Unlike some stocks, it doesn’t pay dividends or come with any other rights. And unlike actual works of art, NFTs aren’t usually aesthetically beautiful on their own, they simply represent something that is.
Vox published an article about the recent deal between the financial services company Square and the steaming music service Tidal. They note that a possible outcome of the deal may involve using so-called NFTs (non-fungible tokens) to sell digital collectibles of musicians:
More intriguingly, given Dorsey’s love of All Things Blockchain, and the current mania over NFTs, it won’t be surprising to see Square + Tidal work on their own NFT scheme. NFTs (non-fungible tokens) are blockchain-enabled digital pieces of … anything that investors and speculators and collectors are hoovering up at a crazy rate. Even if none of this makes sense to you, you may have heard about people paying real money — a lot of money — for digital ephemera like cartoon cat GIFs or animated trading cards of NBA players dunking or blocking. It’s a thing, for now.
Read the full article here.
Ben Thomas on Stratchery.com writes why he considers Tesla a “meme company”:
It turned out, though, that TSLA was itself a meme, one about a car company, but also sustainability, and most of all, about Elon Musk himself. Issuing more stock was not diluting existing shareholders; it was extending the opportunity to propagate the TSLA meme to that many more people, and while Musk’s haters multiplied, so did his fans. The Internet, after all, is about abundance, not scarcity. The end result is that instead of infrastructure leading to a movement, a movement, via the stock market, funded the building out of infrastructure.
Apparently my site may be described as a bit of a “digital garden”:
Welcome to the world of “digital gardens.” These creative reimaginings of blogs have quietly taken nerdier corners of the internet by storm. A growing movement of people are tooling with back-end code to create sites that are more collage-like and artsy, in the vein of Myspace and Tumblr—less predictable and formatted than Facebook and Twitter. Digital gardens explore a wide variety of topics and are frequently adjusted and changed to show growth and learning, particularly among people with niche interests. Through them, people are creating an internet that is less about connections and feedback, and more about quiet spaces they can call their own.