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Sunday, 10/17/2021 6:18:42 PM

Sunday, October 17, 2021 6:18:42 PM

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The boom to come
Property rights are the foundation of capitalism. Once established, all sorts of business models can be built on top of them. China’s spectacular transformation from destitute Communist backwater to global powerhouse can be traced directly to the moment when it decided to recognize its citizens’ property rights.

In this case, it means individual creators and anyone who owns any digital asset – including a digital record of their genome – can now tap the value-creating power of software, exploit the global reach of the internet, and mine the data that it produces.

This is what the platforms have been doing for decades to create their monopolies. It will now come available to individuals.

This is why NFTs are so revolutionary....NFT=Internet Game Changer: https://www.coindesk.com/policy/2021/10/15/nfts-are-an-internet-game-changer/
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