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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Non-fungible tokens can’t solve problems that matter, without which NFT communities, in effect, are like playing a computer game with fake currency and no real world rights.
Editor's note: Blockchain is now the Web 3.0 solution to tackle all of our problems. But you already know that. A bundle of rights, freely transferable—what’s not to like? Blockchain is perfect, a truly immutable ledger that speaks to power. And it is heartening to see that it is finally getting its moment in the sun. But for every new technology that promises to transform the world, there are always fly-by-night opportunists working in the shadows, ready to prey on the unsuspecting investor. Remember the coin issuance fad? At one point, they were threatening to replace shares and stock. And quite a few sophisticated investors were duped into having “coins” issued to them at high valuations just because they were equity shares on the blockchain (yawn…). As things stand now, many people have missed the cryptocurrency bus. We are now in a world of scavenging investors and innovators scraping the blockchain barrel. Non-fungible tokens, or NFTs, as of today, are scraping the bottom of this barrel. The NFT wave Here’s the question: are NFTs more like, say, Bitcoin—actual innovation, solving a problem …
Non-fungible tokens can’t solve problems that matter, without which NFT communities, in effect, are like playing a computer game with fake currency and no real world rights.
Editor's note: Blockchain is now the Web 3.0 solution to tackle all of our problems. But you already know that. A bundle of rights, freely transferable—what’s not to like? Blockchain is perfect, a truly immutable ledger that speaks to power. And it is heartening to see that it is finally getting its moment in the sun. But for every new technology that promises to transform the world, there are always fly-by-night opportunists working in the shadows, ready to prey on the unsuspecting investor. Remember the coin issuance fad? At one point, they were threatening to replace shares and stock. And quite a few sophisticated investors were duped into having “coins” issued to them at high valuations just because they were equity shares on the blockchain (yawn…). As things stand now, many people have missed the cryptocurrency bus. We are now in a world of scavenging investors and innovators scraping the blockchain barrel. Non-fungible tokens, or NFTs, as of today, are scraping the bottom of this barrel. The NFT wave Here’s the question: are NFTs more like, say, Bitcoin—actual innovation, solving a problem …
India’s leading tech hardware distribution company is making the most of the unprecedented rise in global prices of laptops and other tech hardware. There’s just one problem.
Even though the government of India did a U-turn on the mandatory pre-installation of the anti-fraud app on all mobile phones sold or imported in the country, the larger problem of petty cybercrime remains grim.
The Zoho co-founder’s attempt to build a WhatsApp competitor has captured the imagination of the nationalist Indian. Emotions aside, the most likely outcome is that Zoho’s other products will start selling more.
India’s leading tech hardware distribution company is making the most of the unprecedented rise in global prices of laptops and other tech hardware. There’s just one problem.
Even though the government of India did a U-turn on the mandatory pre-installation of the anti-fraud app on all mobile phones sold or imported in the country, the larger problem of petty cybercrime remains grim.
The Zoho co-founder’s attempt to build a WhatsApp competitor has captured the imagination of the nationalist Indian. Emotions aside, the most likely outcome is that Zoho’s other products will start selling more.
