Digital cats with money making hats source kitty Non Fungible Token (NFT) business model haiku First you buy a cat,Then you buy your cat a hat,Your cat owns the hat. It’s a magic hat,The hat shows up on a map,A map used by rats. Now Matt likes your cat.But when you sell Matt your catThe cat takes its hat. Rats will pay the hat,So they can locate the cat,The hat pays Matt’s cat. And the cat pays Matt.Don’t you wish you still had thatMoney making hat ? Inspired by and ’s conversation and Fred Wilson and ’s at token summit. Fred Wilson Chris Dixon podcast Dieter Shirley fireside chat The cat = your data The hat = insights into who you are from your data Matt = 3rd party platforms that you give your data to in exchange for services. The map = data brokers The rat = advertisers that want to get the right ads to you can be used to include people in the value created from their data by leasing access to data and moving to Federated Learning. NFTs Machine Learning I unpack this idea and how it relates to personal data in the article below. _Letting people sell their personal data without informed consent is a terrible idea._hackernoon.com Data Markets: we need to think about using personal data like sex, your consent is required every…
