Five Things Tech: NFT, Climate Change Misinformation, Smartphone Brands, Space-based Solar Energy, Deepfake Social Commerce Avatars
Read this to understand what's going on in Tech.
This week’s Five Things Tech deals a bit with hope and disappointment. There was so much hope behind NFT and also so much creative criminal energy that more or less helped creating lots of digital Ponzi schemes were people got rich quickly while others paid for more or less useless digital art or goods. And I remember how I hoped Twitter would be a fun place to hang out and maybe get a bit better over the years, and then Elon Musk bought the platform and now hope is gone. But solar energy in space? Wow. Talk about hope. :)
Isn’t tech amazing? We can project so many things into the latest developments and sometimes it comes out as planned and oftentimes it just doesn’t.
If you like Five Things Tech, you'll like NMA Monday Alert - which will be in your inbox this Monday. So go ahead and subscribe this as well if you want to find out what we do at NMA - the premier hub for startup innovation in Europe!
These five articles were curated from all over the web and I think you should dive right in! If you haven’t subscribed yet, please do so now!
Remember when NFTs sold for millions of dollars? 95% of the digital collectibles may now be worthless.
Shocking. Who would have thought that the total hype around NFT would result in something like this? I still like the idea behind NFT and I think there are some really cool use-case scenarios, but boring apes (pun intended) are not among them…
Twitter ranks worst in climate change misinformation report
Also shocking. I really hope Elon Musk will put up a paywall soon so that Twitter/X will finally be totally obsolete. This was my favorite place to hang out, get news, discuss ideas, but it is really going down the drain.
Nearly 500 smartphone brands have left the market since 2017
My first mobile phone was a Siemens S6, which was released in 1996 (and not very smart). Siemens stopped producing mobile phones a looong time ago. I have pretty much used an iPhone ever since the first one was released. I simply wasn’t aware of sooo many different smartphone brands out there that unsuccessfully tried to find customers.
Looking to Space in the Race to Decarbonize
Isn’t this bizarre? Yet somehow so cool? Space-based solar energy could supply 10 percent of the power we need on earth. The estimate is that this could happen by 2050, which is still a few years away, but I do remain hopeful that we find new ways to create power that will keep the planet from overheating.
The deepfake avatars who want to sell you everything
Social commerce is massive in China and we’ll see how TikTok commerce will change the way young people will shop in the future. Just imagine an avatar that could be online 24/7 and sell stuff in all imaginable languages. Will this really be the way commerce can be social?