March 17, 2022
According to data company Nonfungible.com, sales of nonfungible tokens (NFTs) increased by $17.6 billion last year — an increase of 21,000% compared to 2020. NFTs exist on a blockchain like bitcoins. But unlike bitcoins, which are identical and can be used for commercial transactions, NFTs have codes and data that make them unique. One example of an NFT is a purely digital artwork. Examples include Beeple’s “Everydays: The First 5000 Days,” which sold for $69 million. Last year, individuals selling NFTs made $5.4 billion in profits. The most popular NFT category was collectibles, with gaming NFTs coming in second. Individuals who bought NFTs in 2021 were banking on the hope that the values of their investments would appreciate. Such optimism reflected the positively trending social mood that fueled last year’s 20% rise in the Dow Jones Industrial Average. To learn more about social mood’s effect on optimism, read “The Wave Principle Delineates Phases of Social Caution and Ebullience.”
If you look closely, you can see patterns in social mood that help you predict social trends. Learn more with the Socionomics Premier Membership.
The Socionomist enables you to see trend-shaping waves of social mood, as reflected by the stock market — and capitalize on them. The April 2023 issue looks at negative social mood’s influence on the tumultuous history of the Mexican Revolution. Mood Riffs topics include President Joe Biden’s reelection prospects, challenges facing corporate giants, the new workplace trend known as Bare-Minimum Monday, and British Columbia’s effort to relax laws governing hard drugs. Read the April issue when you become a Socionomics Premier Member. 
