In the annals of internet history, this week may very well signal an important inflection point of the transition from human driven platforms to machine driven protocols. What happened? Coinbase went public with a debut market cap north of $75B. It is the beginning of a new internet age. Web 3.0 is here.
1.) Harry, Meghan & 👑 Oprah:
2.) Holy Beeple
3.) Roblox IPO
4.) One Year Ago
Did you know that as of 2020 90% of assets on S&P 500 corporate balance sheets are intangible assets? In 1975 it was only 17% or roughly $122 billion dollars. The 90% intangible asset figure today represents over $21 trillion dollars. Numerically it’s astounding. Basically, over time, reality has become…perception. At least from an accounting standpoint.