I tried to buy an Olive Garden NFT. All I got was heartburn.

I wanted to lower my $ 20, but OpenSea did not accept credit cards. I will need to buy some cryptocurrency ether to complete the transaction. OK! I’m in the game. Ether hand (or wallet, more precisely), I went back to OpenSea and tried to buy. Except for the time I was ready, those early drops were already mostly sold out. The price had gone up. Go up Secondary vendors, who probably saw the same Twitter threads I saw, were now trying to flip their OG NFTs. With serious resignation, I bought a little more ether and tried again.

That’s when I got the gas fee, the service fee charged by miners for checking transactions. Being cheaper, I lower the ball. My transaction has never been exceeded. The price of olive gardens was still rising. I paid the market rate this time and tried again. Success! Katie was getting very happy.

Except … have you ever tried giving someone an NFT? I need to pay even more in gas fees to transfer. Overall, the joke I initially thought would cost me $ 20, and later re-evaluated maybe $ 75, eventually giving me back about 300 300.

But hey, my friend Katie now owns a JPEG of photos of the Olive Garden in a mall in Louisville, Kentucky on the Ethereum blockchain. What a great gift!

That is, it Was While a great gift until just a week later Real Olive Garden’s lawyers sent a takedown notice to OpenSea, and it all disappeared in the non-fungible Olive Gardens, uh, ether. Poof.

Like I said, money is weird now. And so the issue sinks into the way technology is shaping our financial future.

Whether it’s the biometric-based universal cryptocurrency to underpin Web3, the cities created by Bitcoin, the digital currency that is changing cash or the way iBuying is changing the housing market, technology is basically the way we buy, spend and Saving money is changing that. Even the way we gamble.

We hope you enjoy this issue, and it shows you something new about the present that helps you better understand and prepare for the future. If it’s just budgeting your gas fees in advance.

Correction: An earlier version of this story cited a copyright notice, which was actually an indication of a trademark infringement.

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