World is Becoming Increasingly Cashless

We are now living in the 4th Industrial Revolution era and the 5th Industrial Revolution just started. Are church ready?

Here is the summary and history of the Industrial Revolution:

The 3 main characteristics of the future economy (job & financial markets) during the 4th and the 5th Industrial Revolutions are:

1. Creativity

2. Ability:  Information, Knowledge, Attitude (personality made in many years by practicing daily basis). Attitude is the most important ability.

3. Collaboration

World is becoming increasingly cashless, fully digital, and interconnected. Here are trends.

Trend 1: Rise of Metaverse

The metaverse is “a simulated digital environment that uses augmented reality (AR), virtual reality (VR), and blockchain, along with concepts from social media, to create spaces for rich user interaction mimicking the real world.

According to Forbes, “it is still being figured out. But the idea is that it could be the next version of the internet, offering a more immersive and three-dimensional experience. In the metaverse, you have a digital persona called an avatar that can seek out experiences that are similar to what you might do in the real world—you can shop, eat at restaurants and attend concerts. While it has begun to take shape in various online gaming platforms, like Roblox, it remains largely theoretical.”

In the Metaverse, anyone is able to escape reality and live out their fantasies, while others will be able to do their job entirely from within it.

Flat, 2-dimensional webpages navigated by mouse today, will be replaced with interactive worlds navigated by an online avatar.,activities.%20They%20can%20also%20buy%20land%20and%20build.

Trend 2: Rise of NFTs (Non-fungible tokens)

NFTs are one-of-a-kind assets that are built on a blockchain and can be anything from a piece of art, to a video, song, book, or event ticket, and much more.

It is uniquely identifiable because it is on a blockchain (as opposed to a PDF or JPEG) making it have a unique identification number that cannot be replicated.

NFT’s generally can collect passive income, while others get you into events, restaurants, communities, or even discounts at stores.

NFTs are attractive because they are publicly integrated into a blockchain making them tamper-proof, permanent, and easily/safely transferable.

Trend 3: Rise of Decentralized Finance

In DeFi, costs are drastically reduced since a computer protocol is facilitating transactions between lender and borrower—which is the primary function of a bank.

Trend 4: Rise of Esports and Online Gaming

Trend 5: Rise of Global Connectivity

Smart devices:

Artificial Intelligence (AI):

The internet of things (IoT):

Simply put, the marriage of blockchain and IoT has massive potential for the creation of a marketplace of services between devices, and gives companies the opportunity to create value from collected data.

For more information about the 5th Industrial Revolution:

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