Innovations like the Metaverse, NFT’s, and Cryptocurrencies may sound futuristic and most of them aren’t fully embedded into the daily lives of most of us. That’s all true, but it’s not the future. An increasing number of stores all over the world have started accepting cryptocurrencies as their legal way of paying. And people are having meetings, visiting comedy shows and digital bars in the Metaverse. This is not the future and sooner or later you’ll be confronted with some of these technologies. It’s like the people from the ’90s who thought mobile phones were hyped and really didn’t see any use in them. I bet some of them are reading this article on their phones….
Not just new tools, but a whole new economy
Most innovations are small and only make an impact that changes the way we use certain products. These are usually smaller features that we can choose to adopt or not. Brighter and sharper images on TV’s for example. You can choose to adopt it and get yourself a new screen with better imaging. Or, you just don’t and you won’t notice.
The things that are being developed are not just new products. Artificial Intelligence isn’t just a smarter version of your laptop. It has the capacity to change our entire economy, taking and creating jobs on a massive scale. We can stop doing boring or dangerous work and become more human. The Blockchain isn’t a database that stores information. It has the power the eliminate the middlemen in thousands of processes, from purchasing a home to registering a company or taking out a loan. It’s all based on Web3.0 principles, meaning we’re going to use the internet completely differently. Different jobs, different forms of paying and collaborating, and a new world to meet each other.
It needs a little hype to get going, it’ll settle down
It’s easy to ignore the changes or view them as futuristic. You need to see through the hype. Sure, selling an image online for millions of Dollars isn’t sustainable (if it even makes sense at all). But it’s the opening of entirely new technology. It will settle down and then people will start using the technology to solve problems and offer great products. A ticket to a show could actually be an NFT, or access to a game. Try and incision the practical side, don’t get distracted by all the hype that’s created. The same happened for Bitcoin. It did actually break open an entirely new platform for currencies and many initiatives are actually creating value like smart contracts. And those could be connected to…..NFT’s. So you see, it needs a little time to settle down and then it’ll start making sense.
It’s not coming, it’s here
So, it’s not coming, it’s not the future, it’s not something to look out for. It’s here and people are testing, building, and using all these things on a massive scale. And because technology is exponential — every new innovation has the potential to create a couple more innovations — it’s easy to miss new developments. We often see elderly people struggle using the internet for basic things. Don’t forget, they were also passed by because of the speed that the internet had in its development. There’s a lot going on and it’s moving really fast, but it’s easier to try and keep up with most of them than trying to understand them once they’ve fully developed. Plus, you’ll be able to change coming that can affect your work or life. As we say in Dutch: “To foresee is to rule”. If you see what’s coming you can act and take advantage.
Here are some sources to read up on the basics
Defi (Decentralized Finance)