The metaverse is being hyped as a game-changing virtual platform that will transform our digital lives. But it has some inherent challenges to overcome in order to achieve mass adoption.
Many people promoting cryptocurrencies are looking for something bigger than the future of financial transactions. They’re aiming to break free of governments and corporations.
Whether the cryptocurrency hype makes you crypto curious or crypto skeptical, there are many ways your life could be affected by crypto’s underlying technology, blockchain.
For the metaverse to work, people need to own their virtual bodies and possessions and be able to spend money. The same cryptographic technology behind bitcoin will make that possible.
Until the late 1800s, moments of widespread high-risk financial gambling weren’t considered manias but the results of individual actors, who bore responsibility for the disastrous results.
NFTs are made the same way as crypto coins, but where every crypto coin is like every other, each NFT is a unique digital item – from images to sound files to text.
Professor of Computer Science, Jacobs Technion-Cornell Institute, Cornell Tech, and Co-Director, Initiative for CryptoCurrencies and Contracts (IC3), Cornell University
Associate Director, Initiative For Cryptocurrencies and Contracts (IC3); Assistant Prof. of Electrical Engineering, Technion - Israel Institute of Technology