Patreon Preview 136. NFT: Nother Financialization Tactic

Published: Feb. 12, 2022, 8:09 p.m.

b'We dig into the complete disaster that is the NFT ecosystem before zooming out to discuss how the real promise and purpose of NFTs is as an instrument for total financialization of everything. Turning every piece of data about any little thing into a commodity that can then be securitized, collateralized, and speculated with. Contained within this little dumb oddity is the seeds for a world designed and defined by fictitious capital \\u2013 which firms like a16z are doing their damndest to make grow.\\n\\nSome things we reference:\\n\\u2022\\u2022\\u2022 The NFT Ecosystem Is a Complete Disaster | Edward Ongweso Jr. https://www.vice.com/en/article/xgdvnd/the-nft-ecosystem-is-a-complete-disaster\\n\\u2022\\u2022\\u2022 The Internet Is Just Investment Banking Now | Ian Bogost https://www.theatlantic.com/technology/archive/2022/02/future-internet-blockchain-investment-banking/621480/\\n\\u2022\\u2022\\u2022 Why some Australians are paying real money for virtual land in the metaverse | James Purtill https://www.abc.net.au/news/science/2022-02-04/metaverse-australians-paying-money-virtual-land-real-estate/100798106 \\n\\u2022\\u2022\\u2022 Bored Ape start-up in investment talks with Andreessen Horowitz | FT https://www.ft.com/content/acc635d6-bb05-4af6-b4da-b8462c06466d\\n\\u2022\\u2022\\u2022 Mapping the celebrity NFT complex | Max Read https://maxread.substack.com/p/mapping-the-celebrity-nft-complex \\n\\nSubscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills \\n\\nGrab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ \\n\\nHosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)'