(2021-08-28) Torenberg Markets Are Eating The World

Erik Torenberg: Markets are Eating the World. Markets Eating The World 1.0 was about online marketplaces transforming travel, transportation, commerce, and much more.

Markets Eating The World 2.0 will begin when, instead of revolutionizing existing industries, markets create entirely new ones.

Good examples of this include Prediction Markets (markets for ideas), ISAs (markets for people), Charter Citys (markets for governance), and NFTs (markets for internet culture).

Patri Freidman wrote this a few years ago which explains the sentiment well: “So, blockchain is fundamentally an agoric technology...Money is an important marketplace, enabler of marketplaces & blockchain's first killer app. But most future growth will be from markets eating the world.”