TED Talks Daily The dream of digital ownership, powered by the metaverse | Yat Siu
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Aug 28, 2023 Yat Siu discusses the rise of the open metaverse and its promise for digital ownership. He highlights how blockchain technology empowers creators and enhances economic opportunities. The conversation delves into the vital role of property rights in driving equity and growth in a decentralized landscape. Siu also contrasts NFT-based ownership with traditional Web2 models, advocating for a future where digital assets reshape capitalism. Embrace the possibilities of web3 as a path to a freer and more prosperous society!
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The Metaverse's Growth
- The metaverse is not dead; it's growing and impactful, generating over $30 billion in economic activity.
- Millions find employment and economic opportunities in the metaverse, forming complex systems resembling capitalist societies.
Open Metaverse Accessibility
- The open metaverse, powered by Web3 and blockchain, doesn't require VR goggles, just regular screens.
- It offers a thriving universe of virtual worlds, businesses, and experiences with millions of digital citizens.
Digital Serfdom
- We spend significant time online but lack ownership and rights in this virtual realm.
- Our data, the most valuable resource, powers industries like AI, but we aren't fairly compensated.