NFTs are at a crossroad, and the next 6-18 months could decide whether we go down the path of an open or corporate metaverse.
In this video I lay out an argument made by Punk 6529, an influential account from NFT Twitter. The argument goes as follows:
1) Governments/corporations want to maintain and even increase the current state of centralization.
2) Crypto has typically been a home base for decentralization.
3) NFTs are quickly attracting new users and brands, but as crypto gets bigger fewer people care about decentralization.
4) Tech companies are now coming out with alternatives to NFTs and they may take the upper hand.
5) This issue is bigger than you think because the metaverse will be a huge part of society.
Not to be dramatic, but the future is still up in the air and It's up to us to decide where the space goes from here.
FOLLOW ME ON TWITTER: https://twitter.com/GiancarloChaux
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0:00 start here
1:02 punk 6529
1:59 the world is centralized
3:23 crypto users are changing
4:58 brands see this as a land grab
6:12 uhhhhh is this forreal?
7:43 the metaverse is more important than people think
9:14 what can we actually do?
tags: bored ape yacht club, cryptopunks, moonbirds, azuki, doodles, opensea, metamask, coinbase, metaverse
In this video I lay out an argument made by Punk 6529, an influential account from NFT Twitter. The argument goes as follows:
1) Governments/corporations want to maintain and even increase the current state of centralization.
2) Crypto has typically been a home base for decentralization.
3) NFTs are quickly attracting new users and brands, but as crypto gets bigger fewer people care about decentralization.
4) Tech companies are now coming out with alternatives to NFTs and they may take the upper hand.
5) This issue is bigger than you think because the metaverse will be a huge part of society.
Not to be dramatic, but the future is still up in the air and It's up to us to decide where the space goes from here.
FOLLOW ME ON TWITTER: https://twitter.com/GiancarloChaux
---
0:00 start here
1:02 punk 6529
1:59 the world is centralized
3:23 crypto users are changing
4:58 brands see this as a land grab
6:12 uhhhhh is this forreal?
7:43 the metaverse is more important than people think
9:14 what can we actually do?
tags: bored ape yacht club, cryptopunks, moonbirds, azuki, doodles, opensea, metamask, coinbase, metaverse
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Francisco Gimeno - BC Analyst We believe this is a valid and important reflection: is the Metaverse going to be open, towards decentralisation, or centralised in a corporate dominated Metaverse? A tiny group of corporations are dominating everything in the Metaverse and getting into NFTs. Let's remember Bitcoin came to enhance self-reliance and go beyond the financial world centralisation. But now many seem don't even care about the issue of centralisation or decentralisation. What about you? Thinking ahead, and if everything comes as it should, the Metaverse will be as important in our lives as Internet is now. Will we be just living under centralised corporations Metaverse platforms? Imagine then when politicians, authoritarian regimes or religious (or scientists) cults have their own Metaverse platforms.... Science Fiction? No. It's one of the possible futures we must ponder to avoid dystopian sceneries.