Consumer platforms have grown to dominate the internet in recent years. By using the excess capacity in existing networks, Uber disrupted the taxi industry and Airbnb did the same to hotels. At the same time, they have increased the market overall by increasing the number of consumers using the service. People who wouldn’t have travelled before due to the expense of hotels or used taxi’s because of their reluctance to trust strangers now do so because technology has improved the quality of service through increased efficiency, ease of use and cheaper cost.
Yet the most entrenched industry in the world has remained stagnant and without significant change. Sure we have emerged from an analogue world to a digitised one in the last 3 centuries but the way we access and manage our money has changed relatively little. We have allowed bankers and financiers to prescribe to us the way our money should be kept and what it should be used for. Instead of innovating and evolving, banks have exploited our money to enrich themselves at great risk and cost to us.
What we are building is beyond banking — not just innovation or evolution — it’s revolution through recreation from the ground up.
The future of money is a platform where we are all connected to each other for the collective benefit of everyone and that is what we are building. What this enables is the excess capacity in the data each of us provides from our spending to be utilised to lower costs. Where you are paying more than someone else on the platform for the same thing, we will tell you how much you can save and how to do it. Eventually, this product will negotiate these costs down on your behalf without you having to do anything.
The potential for exponential growth of your wealth. The current financial system doesn’t reward you based on how successful they are instead, they pay you a derisory interest rate and insulting cashback fees comparative to what they make from your money being in their accounts.
There is a fairer and better way. By forfeiting interest and cashback accrued on your money in a Nexves account you receive digital tokens. We use this money to invest in startups and asset classes reserved for the richest 1%. Your tokens entitle you to ownership of any and all profits from this fund. If you had 1% of all issued tokens and we received £1,000,000 when a business was sold you would receive £10,000. No catches and no risk to your deposited capital. Whatever you pay into your account remains your — unless you spend it! Nexves only invest the interest accrued on your money and the cashback accrued from any spending.
At the same time, the Nexves platform lets you earn money while growing the investments we make. By taking specific actions we will pay you in tokens allowing you to own more of the investment fund. Imagine the power of 10,000 people requesting their local supermarket stocks a product from a company we invest in or 100,000 people sharing an advertisement message on social media. Now imagine that same power if it was 1 million or 10 million people instead. That is the power our platform is harnessing.
By acting selfishly to grow your investment and earn more money everyone benefits collectively. Platform economics let us all get richer.
Would you rather trust the institutions whose mistakes you are still paying for or a service that partners with you and is only successful if you are? It’s a question of faith. Who do you trust to be a consumer champion, institutions that have existed for hundreds of years and offered no real benefit or a Startup whose vision is going to disrupt the status quo by reflecting the data you provide back at you to save a lot of money on your bills?
The future of everything is in distributed networks of collaborators acting as swarms for mutual self-interest. It’s in a network of users taking the same actions to ensure collective profit from the resulting implications. What rises is a new system for participation on the internet, where you are rewarded financially for any/all data you create. You reclaim ownership of the value you create and we enable you to profit from it. That is why Nexves exists.
You Nexves account is the hub at a wheel of services which enables your participation in the next wave of the internet. By marrying a Financial management account to a cryptographically secure wallet we enable you to own all the data you create. In a world where Facebook can leak the Data of 80 million users, this is critical.
Money and tokens become organisational features which enrich and protect your participation on the internet. My most bold contrarian belief is that advertising as a form of revenue will disappear in the next decade. The rise of a decentralised internet where everyone owns everything but nothing simultaneously is inevitable.
Nexves is the reimagination of what a financial platform is capable of achieving. We expand the horizon of possibilities by understanding the technology that is currently available with a foresight of what coming.
Believe you deserve better by understanding you don’t have to accept what you are told.
The world is changing. Uber and Airbnb signpost a route to this future.