Why Wall Street thinks the metaverse will be worth trillions — from fortune.com by Bernhard Warner; resource from Ori Inbar on Twitter
Also from Ori Inbar:
What Could Web3 Mean for Education? — from edsurge.com by Rebecca Koenig
Excerpts:
It’s an ecosystem that could transform schools—sites for teaching and learning—into marketplaces—sites for buying and selling.
That includes higher education. In the vein of MOOC platforms, Web3 systems could make it easier to “unbundle” college courses from degree programs and universities, enabling individuals to sign up for whatever classes they want and instructors to market their courses to consumers directly, says Vriti Saraf, a former charter school teacher and administrator and Teach for America alumna who founded a startup called k20 Educators.
Bored Ape Yacht Club NFT theft shows the ease of hacking crypto — from protocol.com by Tomio Geron
The blockchain puts power in the hands of individual crypto owners — which also makes them targets for criminals.
Excerpt:
The story of an art gallery owner who had $2.2 million worth of Bored Ape Yacht Club and other NFTs stolen is just the latest example of crypto theft, illustrating the vulnerability of buyers as a broader set of consumers venture into the field.
With NFTs, the issue has grown in importance as the market has transformed from a niche hobby to an active market filled with speculators and investors.
Todd Kramer of New York’s Ross+Kramer gallery fell victim to a phishing scam in late December, according to a now-deleted tweet. He stored his NFTs using an internet-connected hot wallet — a less secure method — and a thief made off with 15 digital tokens worth $2.2 million.
From DSC:
How’s the legal field doing here? Law enforcement? Governments? The banking systems?
Elevate Becomes 1st Law Company to Receive ‘ABS License’ in US — from artificiallawyer.com
Excerpt (emphasis DSC):
And here’s some late breaking news, which also is about law company, Elevate. The Arizona Supreme Court has granted law company Elevate an ‘Alternative Business Structure (ABS) license’, making Elevate and its affiliated law firm, ElevateNext, a single entity.
This makes Elevate the first non-lawyer-owned law company, LPO, or ALSP in the United States with an integrated law firm. The ABS-licensed firm uniquely positions Elevate to address customer needs that require some aspect of legal practice along with technology, consulting, or services for ‘run the company’ business operations.
Also see:
Web 3.0 vs Metaverse: What’s the difference? — from homo-digitalis.net by Fabian Schmidt
Excerpt:
So what is Web 3.0?
On Twitter, a user asked if someone could explain the term in baby talk. I thought one answer was good:
This is a sufficient simplification to gain an initial understanding. Yet a bit more information is still important.
Let’s get one thing straight right away. As with all things in the making, there is not yet a clear-cut definition of Web 3.0. Tim Berners-Lee, the inventor of the classic web, thinks of the semantic web as the next big step.
…
Since 2020/2021, there is another idea of Web3, and it is inspired by a new form of technology: Blockchains. At its core is a new wave of decentralization.
Besides decentralization, other key topics related to Web 3.0 include Decentralized Autonomous Organizations (DAO), Non-fungible-tokens (NFT), and Decentralized Finance (DeFi).
The metaverse is a digital world that is meant to feel as real as possible and can represent all concerns of human existence. From leisure to work.
Fabian Schmidt, Homo Digitalis, 2021
Bill Gates: Most Work Meetings Will Happen In The Metaverse In 3 Years — from vrscout.com by Kyle Melnick
Excerpt:
“Within the next two or three years, I predict most virtual meetings will move from 2D camera image grids—which I call the Hollywood Squares model, although I know that probably dates me—to the metaverse, a 3D space with digital avatars,” said Gates in the post. “Both Facebook and Microsoft recently unveiled their visions for this, which gave most people their first view of what it will look like”.
Adidas to enter the metaverse with first NFT products — from dezeen.com by Rima Sabina Aouf
Excerpt:
Adidas has announced its next collection will be a mix of digital and physical items, and will be sold as NFTs produced with collaborators such as Bored Ape Yacht Club.
Titled Into the Metaverse, the collection will comprise virtual wearables that buyers can use in online platforms, but also the physical clothing to match.
It is Adidas’ first collection of NFTs, or non-fungible tokens – essentially, digital collectibles with proven authenticity. NFTs act as a blockchain-based certificate of ownership, allowing pieces to be authenticated, bought and collected.
How Coinbase thinks about the Metaverse — from blog.coinbase.com by Brian Armstrong & Alex Reeve
Excerpt:
Primitive Metaverse platforms are selling virtual land for millions of dollars. Billions more are being invested in Metaverse startups. And Mark Zuckerberg recently renamed his entire company to reflect a focus on building the Metaverse.
…
Recently, our team put together an internal presentation about the Metaverse, who’s working on it, and how crypto will help make it real. I thought the presentation was well done, so I’m sharing most of the slides here.
…
Like Matt[hew Ball], we define the Metaverse as:
The future of the internet: A massively-scaled, persistent, interactive, and interoperable real-time platform comprised of interconnected virtual worlds where people can socialize, work, transact, play, and create.
…
The Metaverse is the distant evolution of Web3. In its most complete form, it will be a series of decentralized, interconnected virtual worlds with a fully functioning economy where people can do just about anything they can do in the physical world.
The next age of the internet could suck power away from Big Tech while living on the same backbone as cryptocurrencies. Here’s what to know about Web3. — from businessinsider.com by Katie Canales
Excerpts (emphasis DSC):
…
One aspect of the metaverse is that users will hopefully be able to go virtually from platform to platform with one single account — just like we will in Web3.
And NFTs, one-of-a-kind tokens representing your ownership of a virtual good, could be more easily bought and sold with cryptocurrencies within a space like Web3.
From DSC:
How might “Web3” translate into the future of lifelong learning? Here’s one vision/possibility:
Each person would have a learner profile/account that could seamlessly log into multiple education/training providers’ platforms and services. The results of that learning could be stored in one’s cloud-based learner profile. This type of next-generation learning platform would still need subject matter experts, instructional designers, programmers, and other team members. But the focus would be on building skills — skills that an artificial intelligence-backed interface would demonstrate are currently being requested by the modern workplace. This constantly-being-updated list of skills could then link to the learning-related experiences and resources that people could choose from in order to develop those skills.
The following vision/graphic also comes to my mind:
From DSC:
When I ran across the items below, I couldn’t help but wonder…”What does the legal realm need to know here?”
The Ultimate List Of Crypto Lending Platforms — from 101blockchains.com by Diego Geroni
Know The Vulnerabilities And Security Concerns Associated With NFT — from 101blockchains.com by Diego Geroni
Radar trends to watch: December 2021 — from oreilly.com by Mike Loukides
Developments in Programming, Quantum Computing, Cryptocurrency, and More
NFT sales reached $27 billion this year — from protocol.com by Nat Rubio-Licht
OpenSea dominated the business.
UNISWAP – Know Everything About The Largest Decentralized Exchange (DEX) — from 101blockchains.com by Diego Geroni
The VRJAM metaverse platform is coming to transform the world of live entertainment
VRJAM, the UK’s leading creator of live music experiences in virtual reality, today teased the launch of the VRJAM platform, a revolutionary new metaverse events platform and NFT creation solution.
To bring the VRJAM metaverse platform to life, VRJAM has partnered with market leading NFT software developer Enjin.io to launch a rich virtual reality world that offers a host of new solutions for artists to render and monetize their music and live shows in amazing new ways using NFT’s, blockchain and immersive technology.
The VRJAM platform promises to open up completely new ways for both fans and artist to experience live music events and represents the next step in the evolution of live music.
Ownership of this virtual world will be shared by a guild of globally recognised artists and record labels who will cooperate to create value and define new possibilities for music inside the metaverse.
VRJAM’s metaverse platform offers solutions for true live performance using technology that is years ahead of other similar platforms. It provides unsurpassed user experience and offers fans, artists and labels an array of unique features:
At the heart of the VRJAM metaverse platform is a blockchain based trading and finance system, VRJAM Coin. This revolutionary new cryptocurrency will create ways for both artists and fans to earn money inside the metaverse and promises to create entirely new business models for artists, venues and labels at a time when their traditional ways of making money have been turned upside down by the Covid 19 pandemic.
The VRJAM cryptocurrency is backed by investment from 5 of the world’s leading blockchain specialist investment and venture capital firms, demonstrating the exciting potential of VRJAM’s tech.
The VRJAM platform is scheduled to go live in early 2022, follow on social media to stay up to date.
From DSC:
Hmmmmm….might this type of thing spill over into the worlds of teaching and learning? More direct-to-consumer (learner) types of offerings? Will this open up the doors for new methods of earning a living or for those interested in building a teaching & learning-based brand?
Alternatively, will this impact what actors, actresses, and comedians will be able to do?
Addendum on 12/2/21:
From the Paul Weiss Law Firm — back from 2019: A whitepaper re: cryptocurrency
Excerpt:
The development and growth of cryptocurrencies and blockchain technology has implications for many industries, including finance, media, and healthcare. In a series of papers, we will discuss the variety of ways in which cryptocurrencies and blockchains are being used in different fields. This paper, the first in our series of three papers, discusses cryptocurrencies, including how they operate in conjunction with the blockchain and how Bitcoin, the first major cryptocurrency, compares to traditional, fiat currencies.
From DSC:
How might the development of cryptocurrencies integrate in with a next-gen learning platform? Would teams and/or individuals get paid via a cryptocurrency? Hmmm…more learning to do.
It’s interesting to note what Bitcoin (BTC-USD) was trading at in 2017, 2018, and 2019 versus today:
Today:
Here’s what some of the other cryptocurrencies were trading at today:
