Article: Will you be on the side of Web 3.0? Lina Khan as US FTC Chairman

Decentralized Internet, Web 3.0

Will you be on the side of Web 3.0? Lina Khan as US FTC Chairman

The Biden administration nominated Lina Khan as chairman of the Federal Trade Commission (FTC) on the 15th. Kahn is a professor at Columbia Law School and is 32 years old. It will be the youngest in history as the top of FTC. Kahn is known for being critical of the monopoly of big tech such as Amazon.

Blockchain proponents tend to reflexively resist regulation and regulators, but given Khan’s concerns about monopoly by large corporations, he supports blockchain on major privacy issues. It can also be on your side.

In addition, Kahn’s anti-monopoly stance could create significant market opportunities for new types of tech companies, including those developing decentralized systems and “Web 3.0.”

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Article: DeFi Heralds a New Dawn for Retail Investors

Decentralized Internet, Money, Open Source

DeFi Heralds a New Dawn for Retail Investors

The number of startups and companies which have recognized the potential of open source networks to change, decentralise, and democratise economic activity is increasing exponentially, with innovative new ventures entering the space daily.

In the wake of GME, retail market participants the world over are clamoring for features such as these, and are turning towards blockchain tech in a bid to extricate unaccountable intermediaries from their financial transactions. As decentralised tech becomes more prevalent, and is adopted by a greater number of users, its potential to reshape and redefine the financial and transactional systems will become more pronounced by the day.

Article: When will social media be decentralized?

Censorship, Decentralized Internet, Web 3.0

When will social media be decentralized?|Wan Sze-zit | Apple DailyWhen will social media be decentralized?

Relatively speaking, the P2P system agreement can protect users against censorship more effectively, as it is a system of decentralization structure that does not use servers and is not dependent on administrators. Even if other parts of the internet are out of order, it still works, provided there is a connection between at least two devices.

If a few options of decentralization structures such as Aether (P2P edition of Reddit) or PeerTube (P2P edition of YouTube) prevail in the course of time in the social media world so that individuals are less dependent on high-tech enterprises and the insolence of the latter is curbed, everything will be more peaceful and better.

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Article: The Node: Regulating Intermediaries in a DeFi World

Blockchain, Decentralized Internet, Governance, Money

The Node: Regulating Intermediaries in a DeFi World

The pace of innovation in crypto is difficult for regulators to keep up with, especially considering that, until now, there hasn’t been a proactive, cohesive, industry-wide attempt to manage the industry. Despite operating under a hodgepodge of rules, frameworks and recommendations, crypto has ballooned. And regulatory attention with it.

“The existing framework is simply inapplicable to a system predicated on the absence of intermediaries,” Director of the Blockchain Association Kristin Smith said in an interview following her Consensus 2021 appearance. This is an important point: Decentralized tools exist as the antithesis of a financial system where trusted custodians are needed to manage one’s money.

Article: Regulation, Moderation, and Social Media Decentralization

Decentralized Internet, Media, Web 3.0

Regulation, Moderation, and Social Media Decentralization

Enter the Decentralized Social Media (DSM) model, a polycentric model of online interaction recently proposed on Medium by Ross Ulbricht, the currently imprisoned founder of Silk Road, an infamous illicit online marketplace that jump-started the popularity of Bitcoin in the early 2000s.

To oversimplify, Ulbricht’s DSM model would remove those automatic and manual moderation tools from under the hood of a social media’s servers and place those same processes in the device of the social media user under the control of separate companies that stand to profit from providing moderation and aggregation services at the discretion of the device owner. Users could access any or all of the web’s available social media content feeds at once and only be fed content within their own acceptable parameters while retaining ownership of their user data. All of this would be done through the operant function of Bitcoin, the encrypted blockchain.

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Article: Money Reimagined: NFTs Can Help Create a New Internet

Crypto, Decentralized Internet, Digital Content, Web 3.0

Money Reimagined: NFTs Can Help Create a New Internet

In establishing digital scarcity via one-of-a-kind tokens, and in holding out the promise of peer-to-peer digital media exchanges, NFTs hint at new approaches for media companies and brands to engage directly with their audiences without the intermediation of the platforms.

NFTs pose their own ownership issues. Many buyers are discovering they don’t really own the art or content to which they are attached.

And, as Khloe Kardashian’s bikini photo saga shows, it’s very hard to stop the replication of content, especially when it’s going viral. NFTs can’t physically stop or control the copying of digital content.

However, we can establish standards assuring that special rights to NFT-associated content are not controlled by a separate custodial platform but are assigned to the token owner and  cryptographically bundled with the token itself so they can be easily transferred to the buyer with each downstream sale.

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Article: How Non-Fungible Tokens Will be Present at Events and How to Start Applying Them Now

Crypto, Digital Content

How Non-Fungible Tokens Will be Present at Events and How to Start Applying Them Now

As we look forward from where NFTs began, it is evident that NFTs will soon become entrenched in live, virtual, and hybrid events as these certificates of authenticity become a favorite among artists. Messari analyst Mason Nystrom predicts the NFT market will surpass $1.3 billion by the end of 2021.

No matter your knowledge of cryptocurrency, you can start applying NFTs at your events through downloads, discounts, redeeming customized swag, and gamification elements. Here are a few key elements to keep in mind when thinking about NFTs.

  • Ticketing
  • Downloads
  • Swag
  • Gamification

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Article: ‘A Crazy Success Story’: Trevor Jones’ NFT Gamble Pays Off

Crypto, Digital Content, Money

‘A Crazy Success Story’: Trevor Jones’ NFT Gamble Pays Off

Jones, 51, didn’t go to college until his thirties and worked three to four jobs after graduating to support his painting career. Today, he still leads a relatively quiet life with his wife outside Edinburgh, Scotland. To him, his journey in the NFT art world has been “a crazy success story.”

“It started with being depressed at 30 and deciding to do an art degree,” he says, “to [becoming] an overnight sensation.” His rise is emblematic of the transformative effect the recent NFT boom has had on artists’ lives. Far from an abstract internet phenomenon, NFTs are responsible for some becoming millionaires – in the exclusive art world no less, where it’s not easy to get rich.

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Article: Open-source software: freedom from ethics?

Open Source, Software

Open-source software: freedom from ethics?

Open-source software is distributed with a licence that generally allows anyone to use, study, change, or share its source code, without restrictions on how the software is used or by whom. The Open Source Initiative, which governs the most widely used open-source licences, even goes so far as to say that this means “giving evil people freedom, too.” Supporters of the Hippocratic Licence and other ethical licences like it believe it is time for programmers to take a less passive approach.

“It’s time for open-source to grow up and start taking responsibility for how it’s being used. We can’t stick to these […] libertarian ideals of ultimate freedom, when we exist in a society where the work that we do impacts others, sometimes in devastating ways,” said Ehmke. “I love the way open-source has transformed the world, and I think it has potential to continue. But we have to get our house in order.”

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Article: 3 Tips for Succeeding When Your Industry is Dominated By a Monopoly

Blockchain, Commercial Intelligence

3 Tips for Succeeding When Your Industry is Dominated By a Monopoly

Here are three tips on how your business can thrive in a monopolistic industry.

  1. Be flexible where they can’t
  2. Solve a unique problem
  3. Be a first mover

A further interesting technological opportunity is blockchain technology. Besides providing the framework for cryptocurrencies, this technology offers a variety of interesting use-cases that attract big-tech skeptics like bees to honey. From blockchain-based file storage, to smart-contract based transactions and decentralized governance, all of these aspects can be applied to an endless variety of .

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