Day: September 3, 2021

NFTs as an Asset Class

In 1987 the U.S. military coined the term VUCA, referring to the increasing volatility, uncertainty, complexity and ambiguity of a multipolar world. It was used to describe one particular period of change. But it also perfectly describes the turmoil seen around the world over the last two years. COVID-19 and the reaction to it have thrown the world into chaos. Whole industries have been destroyed, while entirely new ways of working have become the norm. Meanwhile, vast government debt issuance and money printing to pay for the response will saddle…

Bitcoin Won’t Save the Afghan People

Over the past few years, the residents of countries in financial distress have increasingly turned to cryptocurrency. In Kenya, Nigeria, the Philippines and Venezuela, crypto adoption has been bottom-up. In Cuba and El Salvador, governments are moving to formalize the role of crypto in ways that could make it easier for citizens to use. But even as a Taliban takeover seems poised to cut Afghans off from the global financial system and desperately needed international aid, the crypto option is unworkable for most residents of the central Asian nation. This…

The Metaverse Is Coming, Companies Need to Prepare

Not all brands selling in the metaverse offer NFTs. In the instance of the Gucci handbag that sold for more than $4,000, the buyer only owns the item on Roblox, not via an NFT, which means if Roblox disappears in 50 years, so does the item. In order for the concept of ownership to have meaning and longevity in the metaverse, NFTs will be key. Source