Emilie Kormienko

Ethereum is powered by a fungible token, ETH, which is used to incentivize the physical computers that underlie the system. ETH is also the system’s native currency for transactions, like NFT purchases.

Indeed, taken to the limit, in Web3, users sometimes have no need to trust the company (or people) behind a project; rather, they just have to trust the code itself.

The metaverse is still in its early stages. There are only a handful of fully developed games and worlds for people to engage with, most of them being blockchain based. Web 3.0 serves as the umbrella term for all the numerous metaverse worlds.

Decentralized finance, or DeFi, is the ecosystem of financial applications being built with blockchain technology and without banks.  Characteristics:  Non-Custodial, o pen, t ransparent, d ecentralized

Today, web3 is largely web-native. There are almost no widely used mobile-native web3 apps. As Packy McCormick writes, “If web3 is going to be as big as the Internet, which has 4.66 billion users, it’s only penetrated less than 1% of the market.” I believe, if we are to get there, we will first see the emergence of mobile-native web3 applications... See more

C. THI NGUYEN: If the wonder of real games is the possibility of flexing through this wide landscape of possibility, then the gamification of activities in the world is doing two things to us. One, it’s funneling our values down one particular pre-established path for a real world activity, for something that’s connected out to politics and the... See more

False beliefs can be useful in a social sense even if they are not useful in a factual sense. For lack of a better phrase, we might call this approach “factually false, but socially accurate.” When we have to choose between the two, people often select friends and family over facts.