A Universal Basic Income Plus NFTs Would Unlock A New Renaissance

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A universal basic income combined with NFTs would represent a new renaissance for human creativity. It would be the beginning of a new era for our social order, long dominated and defined by inequalities and divisions fueled and enabled by centralized tech giants like Google, Facebook, and the like, and a way to remove many of the social inequalities, not just in art, tech, and creativity as a practice, but in social infrastructure and orders.

If you believe that content should be paid for; if you think that people who create content, especially if it is original and high quality, should be rewarded for their efforts, then we need a model in which those who make the most value are also able to capture the most significant share of rewards.

As an open, decentralized web that anyone can use, Web3 is already paving the way for more people to become directly engaged with value creation.

NFTs can play an essential role in this new economy by allowing people to directly own, control and trade the unique digital assets they create. NFTs would allow for a new level of creativity and collaboration, as people could share and exchange their digital assets in a way that has never been possible before.

NFTs allow people to create and own digital assets that have real value. This would make a more level playing field for those who are currently unable to participate in the creator economy.

With a basic income, people would be able to support themselves without finding a job. This would give them the freedom to pursue their own creative endeavors, and it would also create more opportunities for those who are currently unemployed. A UBI has already been proven to reduce stress, increase life expectancy, encourage and foster entrepreneurship and increase health outcomes; if we combine that new lease on life with a creator economy unlocked by on-chain applications, we would see a flowering of creativity and innovation, unlike anything the world has ever seen.

NFTs could also help reduce the influence of centralized tech giants, as they would allow people to own and control their own data. This would give people more power over their own lives, and it would also create a more decentralized approach to human interaction and even how we record and celebrate human cultural progress, change and evolution.

Combining a universal basic income and NFTs would be a transformative step for humanity. It would create a world where everyone has the opportunity to explore creativity and find a reason to live beyond the grind of full-time work — a paradigm that is entirely new to human existence. Rewriting our social order to emphasize what we can dream, build and make instead of stressing the sweat and tears of labor could very well lead to a new renaissance.

A basic income would give everyone an equal chance to participate in the new digital economy, and NFTs would provide a way for people to own and trade these assets in a secure and trustless manner. This would create incentives for people to produce more valuable content and inventions, as they could exchange their creations for goods and services they need. If we want to see a better future that does not rely on divisions and inequalities to keep the wheels turning, this is the path forward.

The combination of a UBI and NFTs would also represent a new way to fund social infrastructure. With a basic income in place, we could create on-chain applications that allow people to vote on and support social programs directly.

We must consider how we can use blockchain technology to unlock human potential, democratize economic opportunity, and allow everyone to create value on a level playing field where they have a shot at being rewarded for their creativity.

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Chaotic good. Award winning creative director & writer, ft. in Wired, Inc, SF Chronicle, TNW. Founder thisisstudioself.com ✨

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Joan Westenberg

Joan Westenberg

Chaotic good. Award winning creative director & writer, ft. in Wired, Inc, SF Chronicle, TNW. Founder thisisstudioself.com

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