Neil Stephenson Thinks Its Time for Web3 to Lose “Single-Minded Effort to Financialize Everything”

“I’m hoping we can move away from this single-minded effort to financialize everything and start trying to develop a more diverse economy that, by virtue of diversity, would be a more stable economy.”
– Science fiction author Neil Stephenson, on how Web3 needs to outgrow speculation. Discussing the metaverse (a term he coined in his 1992 novel Snow Crash), he notes that in virtual spaces “sooner or later people want to do something besides talk and do little emotes,” citing Epic Games’ Fortnite as striking a good balance of socializing and activity.
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