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: ‘With DeFi, You Have Complete Access’ — The Week in Quotes

Crypto, Decentralized Internet, Money

‘With DeFi, You Have Complete Access’ — The Week in Quotes

Plenty of discussions this week occurred at the World Economic Forum. A key topic was decentralized finance (DeFi). Speaking at the “Behind the decentralized finance hype” panel, Rune Christensen of MakerDAO brought to light the future of DeFi and how it is growing rapidly.

Christensen explained how DeFi can be accessed by anyone:

“It doesn’t matter if you’re a hedge fund manager on Wall Street or if you’re one of the 1.7 billion people that don’t even have a bank account. With DeFi, you have complete access.”

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Article: How blockchain technology’s landscape changed in the tumult of 2020

Blockchain, Crypto

Background set with mobile covid passport and businesswoman trip accessoriesHow blockchain technology’s landscape changed in the tumult of 2020

“There was tremendous growth in the crypto industry…” Warren said. “The re-emergence of things like collectibles, non-fungible tokens (NFTs) and decentralized finance. A lot of these things started to hit the market and I think that we saw their effect in ways that were profound.”

“I saw so many ways that blockchain technology, both our technology at SingularityNET and general-purpose blockchain technology developed by others, could really profoundly help with the Covid pandemic,” Goertzel said. He pointed to the adoption of blockchain-related technologies in healthcare and crisis management as two prominent examples.

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Article: DeFi – CeFi Convergence & ‘Explosive’ Growth Are Coming – BIS Summit Panel

Blockchain, Innovation

DeFi - CeFi Convergence & 'Explosive' Growth Are Coming - BIS Summit Panel 101DeFi – CeFi Convergence & ‘Explosive’ Growth Are Coming – BIS Summit Panel

Decentralized finance (DeFi) and centralized finance (CeFi) are heading towards convergence as we are entering a period of rapid development for DeFi applications worldwide, according to the participants of a panel discussion at this year’s BIS Innovation Summit, an event hosted by the Bank for International Settlements (BIS).

The panel, entitled ‘CeFi to DeFi: can global finance be de/re-constructed?’, featured a mix of private and public sector participants who voiced their ideas and concerns related to how the opportunities and risks inherent to DeFi could transform the global financial landscape.

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Article: Money Reimagined: Bitcoin’s Green Imperative

Crypto, Knowledge

Money Reimagined: Bitcoin’s Green Imperative

However much regulators and crypto advocates might wish the other didn’t exist, neither governments nor Bitcoin will disappear in our lifetime. It’s time they started working together on the planet’s most urgent issue: a sustainable global energy system.

Contrary to those who see it as “a giant smoldering Chernobyl,” there’s an alignment between Bitcoin’s underlying economics, which drives miners to low-cost energy sources, and the ongoing efficiency advances in renewable energy technologies.

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