Bankless 84 - Defining the Metaverse
17 snips
Sep 22, 2021 Dive into the fascinating world of the metaverse, where digital ownership and cryptocurrency challenge traditional nation-states. Discover the philosophical trade-offs of human evolution and how they influence future interactions. Explore Ethereum's critical role and the shift toward a predominantly digital economy. Identity redefined through avatars takes center stage, offering unique self-expression in a virtual realm. As we navigate this emerging landscape, the implications for governance and community engagement are immense—are you ready?
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Crypto's Core Thesis
- Crypto allows for digital property ownership, mirroring humanity's desire to own things.
- As everything goes digital, owning digital property becomes essential, fueling crypto's future.
Metaverse Foundation
- The metaverse needs digital objects and a digital world to exist.
- A shared registry of all digital objects forms the foundation of the metaverse.
Crypto as Digital Nations
- Cryptoeconomic systems like Ethereum replicate some nation-state functions, especially property rights management.
- They offer advantages like borderless operation, censorship resistance, and credible neutrality.
