The Digital Economy

Zuckerberg said that Meta (Facebook) will make significant losses in coming years as it invests heavily to build “the digital economy”. He implied that the excess expense would include subsidizing the virtual reality headgear needed to experience Meta’s virtual world(s).

We have something of a digital economy today. Crypto tokens, NFTs that include digital avatars and clothing for them, digital real estate and even digital yachts presumably navigating digital seas. Most of what you need in a digital world. Fortunately mundane things like food and water or fuel are not required, just a lot of imagination.

Will it make the kind of huge business needed to pay out those billions to be invested? I don’t know, I like my life real. Even it is dangerous and challenging. Zuck’s vision seems to me to be a sad imitation of reality.

 

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