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BTS’s Loyal Army of Fans Is the Secret Weapon Behind a $4B IPO
- anm89 6y agoAs much as I want to hate this, especially having lived in Korea and being annoyed by this music constantly, I think this represents a profound new direction for the finance industry. Most of finance in one way or another involves collateralizing some underlying commodity where traditionally that commodity was a physical industrial commodity, real property, or an income stream, to enable the creation of debt. As far as I know there is no active practice of directly collateralizing data (in a way that is seperated from an attached revenue stream) in a debt instrument but I very much believe that this is a thing that we will see in the future. As the economy comes to place higher and higher value on intangible things like social networks, I feel that this is inevitable.