The Future of Connectivity: Gen Z, Digital Assets, and Community Building

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Hatched by Glasp

Sep 10, 2023

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The Future of Connectivity: Gen Z, Digital Assets, and Community Building

The world is constantly evolving, and with each passing generation, we witness new trends, behaviors, and ways of thinking. One of the most influential generations shaping the future is Gen Z. Born between the mid-1990s and early 2010s, Gen Z is known for its digital fluency and ability to adapt quickly to new technologies. In their quest for connection and self-expression, Gen Z is reshaping the internet and redefining traditional notions of value and assets.

One example of Gen Z's impact on connectivity is the rise of "100人カイギ" or "100-person Kaigi." This community aims to connect 100 individuals working in various industries, fostering a sense of connection and rediscovering the value of cities. By bringing people together, "100人カイギ" recognizes the importance of human interaction in urban environments and serves as a platform for meaningful conversations and collaborations.

Gen Z's influence is not limited to physical communities. They are also shaping the digital landscape at an unprecedented pace. With the advent of social media and online platforms, Gen Z has faced unique challenges in the transition. Productivity, boredom, mental health, and skill development are among the key areas where Gen Z has encountered hurdles.

However, despite these challenges, Gen Z has embraced the digital realm with open arms. According to a study by the Center for Generation Kinetics, 45% of Gen Z follows more than ten influencers on social media, with 10% following 50 or more. This highlights their desire for connection and their inclination towards digital communities.

The concept of being in the moment has become increasingly important for Gen Z. The pandemic has reminded us all of the significance of human connection and the value of spontaneity. It is through these elements that we feel truly connected to others. As a result, Gen Z is seeking platforms that prioritize excitement and facilitate spontaneous interactions.

What sets Gen Z apart from previous generations is their perspective on value and assets. For Gen Z, material acquisition is no longer the sole measure of success. Instead, they equate the accumulation of physical items with greed. In fact, the majority of Gen Z feels uneasy and intimidated by the stock market but finds comfort in the virtual world of gaming and the idea of investing time instead of money.

This shift in mindset has led to the rapid growth of the creator economy. Today, fifty million people worldwide consider themselves creators, making it the fastest-growing type of small business. These everyday creators have direct channels to communicate with their audience, allowing for a more personalized and niche-focused approach.

The line between commerce and creator is also blurring as brands recognize the power of influencers and content creators in reaching and influencing their target audience. As a result, we are witnessing new and innovative ways of advertising and brand promotion.

Digital assets play a significant role in Gen Z's perception of value. They provide choices, flexibility, and alignment with their values. As traditional careers, retirement, and income models undergo upheaval, Gen Z is looking towards managing highly individualized portfolios of non-fungible tokens (NFTs) as a new path to financial stability. These digital assets hold the potential for wealth accumulation and ownership, challenging traditional notions of assets and investments.

However, this digital-centric lifestyle is not without its challenges. The shift towards remote work and isolation has taken a toll on Gen Z's mental health. According to surveys, 35% of Gen Z feel that their mental health has worsened since this shift, and maintaining relationships has been a significant struggle for 29% of them.

In the future, physical locations may matter less as Gen Z exercises their freedom through digital communities and new experiments in co-living. The concept of a "digital roof" replaces the traditional idea of homeownership, with Gen Z owning a wealth of digital assets instead. This notion is echoed by Maya Middlemiss, an author and journalist, who speculates that our children's generation may not own physical property but will have a vast collection of digital assets.

As we navigate this new era of connectivity and community-building, it is essential to consider actionable advice to adapt and thrive in this changing landscape:

  • 1. Embrace digital communities: Explore platforms that prioritize spontaneous interactions and meaningful connections. Look for opportunities to join communities that align with your interests and values.
  • 2. Invest in digital assets: Educate yourself about NFTs and other digital assets. Consider diversifying your portfolio beyond traditional investments to embrace the changing nature of value and assets.
  • 3. Prioritize mental health and relationships: Take proactive steps to maintain your mental well-being and nurture meaningful relationships. Seek support when needed and make an effort to connect with others, both online and offline.

In conclusion, Gen Z's influence on connectivity and community-building cannot be overstated. They are shaping the next generation of the internet, redefining value and assets, and challenging traditional notions of success. As we adapt to this changing landscape, embracing digital communities, investing in digital assets, and prioritizing mental health and relationships will be crucial for success and fulfillment in the future.

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