The remaining 40% of the world is impoverished, or elderly. They aren't going to pay for social media access and are nearly worthless to advertisers.
The total addressable market for social media will grow only slowly now. New platforms will contine to arise, but they will mostly succeed by taking market share from existing services rather than expanding the market.
Play to earn is a scam, similar to Ponzi schemes. It only appears to work as long as gullible suckers keep putting in money. A sucker is born every minute, but (morality aside) companies still can't build a sustainable business model out of scamming them. Eventually they either run out of money, or catch on to the scam. Governments in some countries will probably also ban or restrict such schemes, thus making it difficult for them to operate within the legitimate economy.
Sure the NFT idea might be, but play to earn has existed in many online worlds for decades. If someone can make a living inside a virtual world, they can survive. It’s only going to get more popularized given big tech is hardly regulated.
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The remaining 40% of the world is impoverished, or elderly. They aren't going to pay for social media access and are nearly worthless to advertisers.
The total addressable market for social media will grow only slowly now. New platforms will contine to arise, but they will mostly succeed by taking market share from existing services rather than expanding the market.
While ads may generate money today, the future looks a bit more bleak with “play to earn” concepts that these giants would still benefit from.
Play to earn is a scam, similar to Ponzi schemes. It only appears to work as long as gullible suckers keep putting in money. A sucker is born every minute, but (morality aside) companies still can't build a sustainable business model out of scamming them. Eventually they either run out of money, or catch on to the scam. Governments in some countries will probably also ban or restrict such schemes, thus making it difficult for them to operate within the legitimate economy.
Sure the NFT idea might be, but play to earn has existed in many online worlds for decades. If someone can make a living inside a virtual world, they can survive. It’s only going to get more popularized given big tech is hardly regulated.