💻 Tech that I believe in

Revealing the tech that I am bullish for the next decade and why it makes sense that these techs will grow?

Tech is something that is changing every day and much faster than your relationships. Each and every day, there is something booming in the tech industry. A day would be a long time I guess - each and every second there is something new in the tech. If you are flexing that you are the most techie guy and you knew the latest tech in the trend, pardon me, the time you are having this thought there would be a new tech in the market.

For instance, from the inception of my birth till now there had been N number of storage devices. Ranging from floppy disks, CDs, DVDs, Pendrives, Hard disks, SSDs etc. And if you are still saying that you are using the latest tech SSDs to store your files - sorry dude - SSDs are already old-fashioned. No one is using them anymore since everyone started using the cloud. And who knows, by the time you are reading this blog, there would have been a new storage technique in the marketplace.

Another case is Java. If you say to me that you can go in and out of Java and can create web apps/mobile apps seamlessly, I pity you. Coding is already old-fashioned. No one is coding anymore. There are low-code platforms such as Wix, Squarespace, and ghost which can develop beautiful sites for you. In addition to this, there are bots that code and publish pages within seconds to the servers. So coding is already dying.

So how not to avoid FOMO in the tech? It is always good to think ahead of 10 years, especially in this fast-evolving tech medium. Henceforth, I thought I will make a list of all the techs that I am excited about in the next few years.

Why do NFTs make sense?

What do you do in a stock market? You buy shares of a company which means that you own a part of that company. So if the organisations need funds for their business they go public and sell their company to the public and by which they raise money.

Why does this have to be limited to businesses and organisations? What if artists or musicians want to raise funds for their music or art piece? Ideally, he/she should go and pitch his/her idea to an investor who should believe and invest in him/her. What if an artist doesn’t find an investor or a VC? Why can’t he sell his art directly to the public and raise funds from it? That is what is called NFT.

If an equity market finds a logical and legal way to raise funds for business, why can’t an NFT marketplace sound logical way to raise money for artists?

So, artists, musicians, actors, and any form of digital creators need not depend on investors or VCs anymore. They can raise money from their fans. It might be shocking to a lot. That’s because human behaviour is used to buying stuff that is physical with money. Like products and services that you can touch, feel, hear, smell etc. But we are not bound to buy virtual products with our hard-earned money. But trust me, NFTs are happening now, it's happening as you are reading this blog.

Making noise for the Blockchain

Well, most people are investing in cryptos because they either don't want to miss the boat or it is just the feeling of FOMO. But I have a different perspective on it. True that I love the tech behind cryptocurrency - the ledger, the blockchain, the Ethereum programmable etc. But there is one hard-hitting reason which defines why cryptos are awesome and which made me believe in cryptos.

When I try to zoom out on what happened in 2008, the recession happened and the world saw how powerful the banks were. They realised that banks were like Thanos with great powers in their hands and within a flick, they were able to put the entire market down like how Thanos snapped to bring the population of the Earth to 50%. Giving so much power in the hands of a limited number of people for the world economy is way too dangerous. It will lead to a time-ticking bomb. So what to do then? How to take the power off the banks? How to distribute power equally among people and the common public? That’s how cryptocurrencies were born on top of blockchain technology. Bitcoin was invented with the thought that we are going to distribute power amongst the people.

I will give a perfect example to make this clearer. Back in those days, silver and gold coins were used for trading purposes and these coins had the faces of the ruling King in that dynasty. And when suddenly the king dies, all of the coins become valueless because people believe in money when it has value for it. Similarly, there are a lot of chances that one day all the money that you have can become valueless. One such scenario is the demonetisation in India in November 2016 where all of your money went valueless over the night.

TL;DR - If I wanted to sum up, I believe in the Web 3.0 tech 😁