TL;DR
- We are likely to be able to teleport in the metaverse(s) to come.
- This implies land supply-demand dynamics will not replicate in the metaverse
- Teleportation will make visiting somewhere in the metaverse similar to visiting a website in some important ways.
- This implies that the dynamics which determine value on the web will be somewhat mirrored in the metaverse. (e.g. ads, links and search)
If you already agree that teleportation means that land isn’t going to be that big of a deal in the metaverse, you may want to skip to part 2 (and catch the last paragraph or two of pt 1).
For more thoughts about blockchain and anything related, follow @0xQuintus on Twitter.
Note: this article is agnostic as to whether it makes more sense to speak about many metaverses or a singular metaverse. “Plots of land”, “digital location” and “digital place” are all used interchangeably.
If you haven’t yet, check out Economic Primitives of the Metaverse 1: Renting and Lending where we lay out the motivation for exploring this topic including a brief overview of the vision of the metaverse, the role of NFTs, and renting and lending protocols within it.
In this sequel, we hope to introduce a new idea - the metaverse mortgage. We first start off with a debate of its merits, then construct a rudimentary implementation through composing ideas from existing NFT-fi projects, detail what else needs to be built, and finally end with an outline of the possibilities of metaverse mortgages.
The parts are largely modular so feel free to skip to whichever one is the most interesting to you.
Once again, if you enjoy this piece please follow us at @0xtaetaehoho and @ryanshon_twit and consider buying this piece as an NFT to support more student work.
Stories like Fodé Diop's, of how currency devaluation, thanks to interventions by Central Banks, governments and international monetary institutions, have drastically affected their livelihoods are common in some African countries. Such an occurrence reduces the trust that citizens had in their governments and financial institutions.
The Governor of the Central Bank of Kenya, at a recent World Bank event, said that:
“The promoters of DeFi sought to leverage on the loss of trust in governments and financial institutions particularly in advanced economies. This saw the emergence of cryptocurrencies, headlined by bitcoin, positioned as alternative payment instruments.”
In order to have a deep understanding of crypto in Africa, we’ll cover;
With Facebook’s recent announcement, all eyes are on the metaverse. VC interest in crypto-gaming is at an all-time high, and traditional studios are rolling out their NFT strategies. But if we are to crystallize the vision of the metaverse as laid out in Snow Crash, Ready Player One, SAO… there still are fundamental building blocks that must be built and adopted.
In this series, we hope to introduce such building blocks - the economic primitives of the metaverse - and in doing so, make clear their absolute necessity. We want to particularly focus on utilities that have not achieved widespread attention and adoption - hence we will leave it up to the reader to explore fractionalization and NFT collateralized loans themselves.
We will first briefly go over the definition of the metaverse, and reiterate NFT’s role in securing digital property rights. We then outline the fundamental limitation of smart contracts and introduce different implementations of renting and lending that are currently live.
This is both an open letter to the 2 Billion gamers out there on why you should give crypto-gaming a chance, as well as an exposition of our crypto-gaming thesis. Despite the hype and the consensus among the crypto community that crypto-gaming is the future, we’ve encountered both nebulous explanations of its benefits and legitimate arguments by established gamers as to why it will not work. We want to address both and discuss through the lens of our personal experiences and frustrations with games symbolic of our 2000s childhoods, six reasons why crypto will change gaming. We hope to propose novel applications or ideas in each section and provide a brief overview of existing arguments.
As always, if you’ve enjoyed this article please follow us on Twitter @terry15chung and @stingrayL0.
This is both an open letter to the 2 Billion gamers out there on why you should give crypto-gaming a chance, as well as an exposition of our crypto-gaming thesis. Despite the hype and the consensus among the crypto community that crypto-gaming is the future, we’ve encountered both nebulous explanations of its benefits and legitimate arguments by established gamers as to why it will not work. We want to address both and discuss through the lens of our personal experiences and frustrations with games symbolic of our 2000s childhoods, six reasons why crypto will change gaming. We hope to propose novel applications or ideas in each section and provide a brief overview of existing arguments.
As always, if you’ve enjoyed this article please follow us on Twitter @terry15chung and @stingrayL0.
This is both an open letter to the 2 Billion gamers out there on why you should give crypto-gaming a chance, as well as an exposition of our crypto-gaming thesis. Despite the hype and the consensus among the crypto community that crypto-gaming is the future, we’ve encountered both nebulous explanations of its benefits and legitimate arguments by established gamers as to why it will not work. We want to address both and discuss through the lens of our personal experiences and frustrations with games symbolic of our 2000s childhoods, six reasons why crypto will change gaming. We hope to propose novel applications or ideas in each section and provide a brief overview of existing arguments.
As always, if you’ve enjoyed this article please follow us on Twitter @terry15chung and @stingrayL0.
“Do you want to earn some serious money while playing a fun game?”
If someone asked us that even just a year ago, we would have played it off as a joke or asked if they meant we should start a streaming career.
But today, the average Joe can earn a viable wage playing games through NFT gaming, the most prominent of which is Axie Infinity - a game that takes inspiration from Pokemon with its owning, breeding, and trading mechanics, and card turn-based combat reminiscent of Slay The Spire and Hearthstone. The game is playable on both mobile and PC, currently available on Android with IOS coming in the future.
Recently Axie Infinity has come under attack by both new players and old members of the community. In this article, we hope to explore factors that affect the yield generating potential of Axie Infinity, its risks, and opportunities to outline why we are still optimistic. We hope to provide a brief overview of the game, scholarships, and current yields, then move on to discussions on our view of the future.
Should I be doing this?
Blockchain@Columbia decided to launch Lion DAO because we thought it was a great opportunity to deeply engage with our members, alumni, and web3 community in a crypto native way. Additionally, due to inadequate funding from the university, launching a DAO and the LION token allows us to greatly expand the clubs mandate and impact we can have on the Columbia, New York, and broader crypto ecosystems more generally.
Steps
- Select a name for the DAO and Logo
- We chose to use our school mascot the Columbia lion as our name and the lion emoji as our logo. We deliberately chose the mascot (or something representative of your region) as the name to still maintain the association with Blockchain@Columbia, but also give us enough space from the university to maximize the DAO's flexibility. The lion emoji was chosen for its simplicity, recognizability, and to pay homage to other projects with emoji logos like Uniswap, Lolli, etc.
- Set up a multisig for your org
- We use Gnosis Safe for our multisig to receive the funds from our LION token launch and to manage Lion DAO's treasury and assets. Gnosis Safe has an intuitive interface that allows you to add and remove signers and configure the number of signers needed to approve transactions. We're starting off with our president, vice-president, and advisor as signers, though this is subject to change. Using a multisig not only makes your DAO's treasury more secure, but also makes org transitions far easier as signers can be added/removed whenever leadership changes.
- Get onto Mirror or use our publication
- While launching a crowdfund for your token can be done relatively easily with a standard Ethereum ERC-20 contract, Mirror is an elegant way to combine your launch explainer, an interface to specify your crowdfunding goals/parameters, view crowdfund progress and leaderboard, and launch custom NFTs for different contribution tiers. As it is increasingly harder to get onto Mirror by winning the weekly $WRITE race, we're happy to let any student org use our publication to launch a DAO. Just Dm us your wallet, reasoning behind your DAO, and your launch plan. Larger orgs can also just enter into the weekly $WRITE race to create your own publication. We're happy to allocate votes to and support any orgs entering the race!
- Launch DAO
- Create an Entry on Mirror
- Go to Entries on the Mirror Dashboard and click on Create Entry.
- To add contributors to work on the article and appear in its byline, you must first add them as contributors to your general Mirror publication. To do this go to Settings on the dashboard, click on Contributors and add the contributors' addresses. Once they sign the invite in their wallet, you can then send them the link to your publication and they'll be able to access it. To then add contributors to the byline of your launch article, click next to the contributors' names in the Entry settings of your article.
- In the article it's import to include the following to give people a general sense of what your student blockchain org does, what you will do with the funds, and how the DAO will be governed: high-level information about the org, more specific info about club activities, purpose of the DAO launch and crowdfund, use of crowdfunds and goals for the DAO, how DAO governance will work (i.e. who will be able to vote), (potential) benefits of owning one of your NFTs, and info on the board and some org alumn
- Create an Entry on Mirror
Blockchain@Columbia (B@C), the student-run organization for blockchain technology at Columbia University, has decided to launch a DAO to expand the scope of the organization’s opportunities for members and allow for members and alumni to engage with the organization in a crypto-native way.
About Blockchain@Columbia
For those not familiar with us, Blockchain@Columbia (est. 2017) is a student-led organization of mostly undergraduates that engages with the blockchain community and provides opportunities for our members and the broader ecosystem. B@C currently consists of 32 officers and 5 board members with over 200 community participants across New York City.