Are the NFT and DeFi markets recreating traditional human hierarchies through new social capital?

This week, we look at:

• The fundraises of Jumio ($150MM), Feedzai ($200MM), and Chainalysis ($100MM) and the function they perform in the fintech industry

• The nature of human competition and hierarchies, and why inequality is recreated across the various economic networks that exist

• How the NFT markets have higher engagement than DeFi, which is more participatory than Fintech, which is more participatory than finance

• The emergence of signalling in the crypto economy that resembles digital citizenship and social capital