One of the most controversial and misunderstood topics today is the Metaverse. We read and hear about a future open metaverse where we are free to move around from one platform to another with our data, assets, and identities without being constrained by digital walled gardens. Building interconnected experiences that offer new prospects for economic, social, and cultural change requires interoperability and open standards. These immersive encounters will completely alter the way we socialize, study, shop, and work. The Metaverse Standards Forum, the Open Metaverse Interoperability Group, and the Open Metaverse Alliance for Web3 are just a few of the standards consortiums that have recently emerged to ensure that future. Member companies in these organizations will work together & pool resources to realize the full potential of a composable, interconnected & interoperating Metaverse ecosystem.
But are open standards necessarily advantageous? or do they hinder the possibility for innovation? which is why we're starting this week off with...
The standards Innovation paradox
With blockchain driving the tokenization of everything, what does that mean in terms of property rights? How is a token connected to an underlying asset? and what are the implications to the buyer?
Property law of tokens
Blockchain bridges and the business model behind them.
Now on a less serious front, lets move on to some great insights from the NFT space.
How a movie is being crowdfunded by the sale of NFTs.
NFT domain names
NFTs as the new CRM
BONUS:…. wait for it… Virtual condoms 😂
Durex just filed a set of patents with one of them being "virtual condoms"
Artist: dutchtide
Cover art: MidnightBreeze
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