The metaverse is here, and it’s weird. Learn why you’ll still be a part of it as our columnist Rohan Godara makes a case for the bizarre notion for virtual commodities by examining the technologies and instances of virtual consumerism that already exist and how we’re all already part of this system that’s headed to the metaverse.
As economies across the world have come crashing down due to the coronavirus, Indian consumers are suffering from suppressed wages, mass lay-offs, and reduced economic activity. Yet, while the entire country’s economy has been turned upside down, one sector of the market has silently exploded: Instant loan suppliers, lending money to Indian workers who desperately need the funds to pay off critical bills. These lenders, however, charge gigantic interest rates which enable them to profit off of the backs of economically insecure workers.