Tekelala

I like to say that I write about media generally and journalism specifically because the industry is a canary in the coal mine when it comes to the impact of the Internet: text shifted from newsprint to the web seamlessly, completely upending the industry’s business model along the way.Of course I have a vested interest in this shift: for better or... See more

Will Metaverse truly be the accepted term now and forever?It has several things working against it. First, the company formerly known as Facebook all but claimed it in their re-branding, spent $70+ millions doing so. Did they want us thinking of them every time we say the word? Or do they want deny its use to competitors?

Second, the blockchain also keeps a record of all the transactions connected to the NFT and the property it represents. In art sales, for example, that could represent the provenance of something going back to the creator.

The blockchain community understands that blockchains can help  align incentives  among a tribe of token holders. Each token holder has   skin in the game . But the benefit is actually more general than simply  aligning  incentives: you can  design  incentives of your choosing, by giving them block rewards. Put another way:  you can get people

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“A” DAO? What’s that? Why is it better?DAO stands for a Decentralized Autonomous Organization. Some people like to also refer to it as Digital Autonomous Organization, but I prefer the former.They are virtual organizations. In the real world, you have organizations or companies right? And these companies have Shareholders and a Board of Directors.... See more

In essence, an NFT is a digital certificate of ownership, almost always bought and sold using cryptocurrency, to which any digital file — a jpeg image file, a video, a song — can be attached. That Hilton is able to display Iconic Crypto Queen in her home, despite having sold it, is part of the NFT’s appeal — and the challenge it poses to the... See more