“Snow Crash” Author Advocates for User-Generated Content to Boost Digital Economies
Neal Stephenson, author of the 1992 sci-fi novel Snow Crash, has weighed in on the current climate of speculation surrounding NFTs. While his book predicted many technological advancements that have come to fruition in Web3, it did not depict the financialization of digital assets that is prevalent in today’s NFT marketplaces.
Stephenson believes that there will eventually be a shift away from the pure financialization of digital assets, which is necessary for the establishment of a flourishing metaverse. He hopes that people will begin to ascribe value to digital assets beyond their monetary worth, creating a more diverse and stable economy.
Snow Crash is considered one of the most formative texts in the Web3 space, and its influence can be seen in many of the technologies and concepts that have emerged in recent years. However, Stephenson’s