A patch of virtual real estate in the online world de central land, sold for a record two point four million dollars of crypto currency. The idea that somehow we are gointo be able to recreate disual scarcity, and people are going to want to buy the stuff seems pretty dubious to me. I think you'll see a lot of big sales that get a lot of reporting and coverage like that one,. But the notion that we're going to sort of n mass convert to virtual property holders, when it really does nothing for most of us except enmesh us in a speculative economy is troubling.
Edward Ongweso Jr. and Jacob Silverman on cryptocurrency, NFTs, Elon Musk, the metaverse, meme stocks, and techno-utopianism amid the crushing reality of our neoliberal hellscape. The first in a two-episode series on crypto.
Read Dan's new essay on border control politics: nplusonemag.com/online-only/online-only/border-crises/
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