- Jan 2025
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www.youtube.com www.youtube.com
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It makes a lot of sense to have this different strategy of being rooted in the real physical world and have digital nomads being as like a guild of knowledge workers that seed their specialized knowledge because localism is necessary and good, but it's also not necessarily very innovative. Most people at the local level just keep repeating stuff. It's good to have people coming in from the outside and innovating.
for - insight - good for digital nomads to be rooted somewhere in the physical word - they are like a cosmo guild of knowledge workers - localities tend to repeat the same things - digital nomads as outsiders can inject new patterns - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
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Even for themselves, it's going to be necessary because if things get really bad and you're seen as a parasitical force, they'll come after you.
for - shadow side - of root-less digital nomads - when the sh*t hits the fan, working class will target digital nomads - as they will be seen as a parasitical force - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
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role for digital nomads. There's an author called Austin Wade Smith
for - cosmolocal strategy - locals - permaculture, bioregional regeneration - cosmo - digital nomads - share collective protocols with locals to create cosmolocal networks - Austin Wade Smith - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
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global coding class, which is about 34 million digital nomads right now and maybe 10 million with a crypto wallet. Again, they're not rooted. They're rootless, and they should be root-full.
for - stats - 2025 - digital nomads - 34 million - with crypto - 10 million - rootless - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
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Fundamentally, I think Web3 is mainly an exit strategy for privileged layers of society. First of all, people within capital will see the system is not doing well and they want to do arbitrage between nation-states.
for - quote - Web3 is mainly an exit (escape) strategy for privileged layers of society - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
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was sitting with a climate denier, a collapsist, a deep adaptationist, and an impact investor. You can say a greenwasher if you want to be mean about it. Anyway, they were talking peacefully and respectfully, and I thought, "Wow, this is more than what I thought. This is not just money. This is, there's community there
for - open space for perspectival knowing - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
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voting systems, which are essentially anti-oligarchic, like quadratic voting. Basically, one share, one vote. That's your first vote, but then to have a second vote, you need the-- How do you call it? The square root? Anyway, so the next, I think, is 4 and then 16. You basically cream off the power of money and give it to the contributors, to the people collaborating on the project.
for - investigate - quadratic voting - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
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history of labor
for - paraphrase - history of labor - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2 - to - stats - Gallup Chairman's Blog - world poll 2024 - 15% of employees worldwide are engaged - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
paraphrase - history of labor - Michel gives a nice succinct summary of the broad strokes of the history of labor over the last few millennia: - Civilizations have begun as slave-based societies first - Then when the Christian revolution occurred after the fall of the Roman Empire, "Ora et Labora (Pray and Work)" was adopted to transform work into a spiritually meaningful endeavor - Then in the 16th century, this philosophy was replaced by turning labor into a commodity, where it has remained ever since, - resulting in a world where 85% of those surveyed say they are not engaged with their job
to - stats - Gallup Chairman's Blog - world poll 2024 - 15% of employees worldwide are engaged - https://hyp.is/iOlXbNBOEe-t6hdOWtvTYw/news.gallup.com/opinion/chairman/212045/world-broken-workplace.aspx
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for - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
// - COMMENTS - This is a very insightful interview with Michel that provides a lot of historical contexts for the many challenges faced by contemporary society - Within these historical contexts, we can glimpse how today's problems are part of a repeating pattern, albeit with many new elements that have emerged - He offers the possibility of a commons approach of mutualization, - in particular cosmolocalism - as a powerful leverage point to evolve a future wellbeing civilization - Contexualizing modernity in the alternate growth and downfall periods of human civilizations, he points out how we are in a transition period in which the current system is fraying - He outlines the many seed forms that exist now which, just like those that appeared in past cycles of downfall, combined to emerge the next growth cycle - crypto and blockchain - which can provide a global way of coordinating planetary health - the internet in general, which can bring mutualization of knowledge for locailzed production - There are some strong exemplars of promising seed forms but to scale, - the cosmo processes have to integrate with - local, place-anchored processes such as permacutlure and bioregion-based regeneration.
//
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Funding the Commons
for - event - Funding the Commons - Bangkok conference 2024 - Michel Bauwens - guest - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2 - to - Funding the Commons - Bangkok conference 2024
to - Funding the Commons - Bangkok conference 2024 - https://hyp.is/fF-mVNBJEe-OWvM5g4ZLOQ/www.fundingthecommons.io/bangkok-2024
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coalition of community land trusts. They're all local, doing their work locally, but they also have a global commons. That global commons has all the common protocols of cooperation, the common knowledge, the common patterns, but also it's a vehicle to attract capital that can go local.
for - bottom up mobilization - leverage the strength of the commons - create global coalition of local projects within in a common area - IE. Land trust - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
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What's missing, and that's what I try to work on is, because at the same time we have this exponential growth of millions of people doing regenerative local work, but they're underfunded, they're undercapitalized. Usually, it's like two people getting half a wage from an NGO, and they work 16 hours a day. After five years, they totally burn out. How can we fund that? I think that Web3 can be the vehicle for capital to be invested in regeneration.
for - work to find way to use web 3 / crypto to fund currently underfunded regenerative work done by millions of people - the missing link - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
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trans-financial capital. Now we cannot regulate market anymore, and that's why everybody is so frustrated with politics because it doesn't matter whether you vote left or right. The power is not there. The power is in the power of capital to move around and to basically punish you if you do anything that goes against their interest.
for - adjacency - trans-financial capital - political polarization - powerlessness of two party politics - culture wars distraction - Yanis Varoufakis - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
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use the commons as a new regulatory mechanism. That would mean not local commons but trans-local commons. What I imagine, I call this the magisteria of the commons, you have a coalition of, let's say, permaculture, a particular way of doing respectful agriculture. Locally, they're weak. It's just a bunch of people. Globally, what if there are 12,000 of them? What if they have a common social power, like common property that can help the nodes individually? I think that would create the premises and the seeds for a new type of institution that can operate at the trans-local level. That's what I call cosmolocalism
for - cosmolicalism - nice articulation - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
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Imagine we do that at scale everywhere. Every provisioning system, we re-localize it, we mutualize it to a certain degree again. If we do that, we can maintain a very high level of complexity in our societies. Everything we love about modernity, despite all the things that we hate about it,
for - mutualise at scale - add much in the SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
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A shared car association, every shared car replaces 9 to 13 private cars for the same amount of travel freedom, point to point. You don't lose any freedom like you would in public transport. It's just like a neighborhood shares a dozen cars. 95% of the cars are in the garage at any time.
for - example - efficacy of mutualisation - transportation - cars - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2 - stats - mutualisation - transportation - cars - 1 car can replace 13 - car is parked most of the time - 10% of existing cars doubles our requirement - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
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Jordan Hall calls this the Civium, right? Civilization is place-based, and the civium is not place-based. You can still learn.
for - definition - Civium - Jordan Hall - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2 - adjacency - Civium - Tipping Point Festival - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
adjacency - between - civium - Tipping Point Festival - Civiums are the terminology that applies for the vision of the TIpping Point Festival, where twice a year, - solstice - equinox - People gather and converge at a central temporary, cosmolocal event to mutually exchange ideas, network, seed new projects and review the past years successes and failures - This is an event also used to operationalize a planetary framework for restoration and regeneration that is syncrhonized to earth system boundaries, but contextualized to each locality, - but needs to be done at the scale of thousands of cities to have planetary-scale impact - It is, by design, a cosmolocal event
Tags
- to - stats - Gallup Chairman's Blog - world poll 2024 - 15% of employees worldwide are engaged - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
- adjacency - trans-financial capital - political polarization - powerlessness of two party politics - culture wars distraction - Yanis Varoufakis - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
- shadow side - of root-less digital nomads - when the sh*t hits the fan, working class will target digital nomads - as they will be seen as a parasitical force - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
- cosmolicalism - nice articulation - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
- example - efficacy of mutualisation - transportation - cars - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
- open space for perspectival knowing - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
- paraphrase - history of labor - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
- to - Funding the Commons - Bangkok conference 2024
- mutualise at scale - add much in the SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
- stats - mutualisation - transportation - cars - 1 car can replace 13 - car is parked most of the time - 10% of existing cars doubles our requirement - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
- quote - Web3 is mainly an exit (escape) strategy for privileged layers of society - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
- insight - good for digital nomads to be rooted somewhere in the physical word - they are like a cosmo guild of knowledge workers - localities tend to repeat the same things - digital nomads as outsiders can inject new patterns - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
- stats - 2025 - digital nomads - 34 million - with crypto - 10 million - rootless - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
- cosmolocal strategy - locals - permaculture, bioregional regeneration - cosmo - digital nomads - share collective protocols with locals to create cosmolocal networks - Austin Wade Smith - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
- bottom up mobilization - leverage the strength of the commons - create global coalition of local projects within in a common area - IE. Land trust - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
- Youtube - regenerative financing - host - Mathew Monahan - guest - Michel Bauwens - 2025 Jan 2
- event - Funding the Commons - Bangkok conference 2024 - Michel Bauwens - guest - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
- investigate - quadratic voting - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
- work to find way to use web 3 / crypto to fund currently underfunded regenerative work done by millions of people - the missing link - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
- Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
- adjacency - Civium - Tipping Point Festival - SOURCE - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2
Annotators
URL
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news.gallup.com news.gallup.com
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for - stats - job satisfaction - Gallup poll 2024 - engaged employees worldwide - 15% - Gallup CEO - Jim Clifton - from - Youtube Ma Earth channel interview - Devcon 2024 - Cosmo Local Commoning with Web 3 - Michel Bauwens - 2025, Jan 2 - https://hyp.is/FiFXpNBMEe-n_Jc4-PJ5_A/www.youtube.com/watch?v=UCkLHj6r7y8
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- Dec 2024
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4thgenerationcivilization.substack.com 4thgenerationcivilization.substack.com
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for - Substack article - The Cosmo-Local Plan for our Next Civilization - Michel Bauwens - 2024, Dec 20 - adjacency - web 3 and Blockchain / crypto technology - communities engaged in regeneration and relocalization - tinkering at the edge - missed opportunity - cosmolocal strategy as leverage point - safe and just cross scale translation of earth system boundaries - Tipping Point Festival - Web 4 - Indyweb
Summary adjacency between - web 3 and crypto / Blockchain technology - communities engaged in regeneration and relocalization - tinkering at the edge - missed opportunity - cosmolocal lens and framework as a leverage point for synthesis - cosmolocal projects as leverage points - cross scale translated safe and just earth system boundaries as necessary cosmolocal accounting system - meme: sync global, act local - new relationship - This article explores the untapped potential and leverage point offered by recognising a new adjacency and concomitant synthesis of - globalising Web 3 and crypto/Blockchain technology - communities engaged in regenerative and relocation interventions - The fragmentation between these areas keeps activists working in each respective one - tinkering at the edge - severely constraining their potential impact - This is a case of the whole Berlin car greater than the sun of its parts - By joining forces in a global, strategic and systemic way, each can achieve fast more through their mutual support - A cosmolocal lens offers a perspective and framework that makes joining forces make sense<br /> - Projects that recognize that the adjacency between - the globalizing technologies of web 3 and Blockchains and - interventions at the local community level - offer a significant leverage point to bottom up efforts to drive a rapid transition are themselves a leverage point - In this regard, incorporation of an equitable accounting system such as safe and just earth system boundaries that can be cross scale translated to - bioregional, - city and - community, district and ward scale - are an important cosmolocal component of a system designed for rapid transition - Global bottom up community scale events such as the Tipping Point Festival can help rapidly advocate for a cosmolocal lens, framework and strategy - At the same time, Web 4 technology that's goes beyond decentralising into people-centered can contribute another dimension to humanizing technology
Addendum - 2024, Dec 26 - added a comment to the actual substack page - My substack comment makes commenters of the article aware that we have a public hypothes.is discussion going on in parallel. - This makes the hitherto invisible discussion visible to them
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To put it bluntly, Web3 and the crypto economy is still largely an ‘exit’ play for financial and coding elites, practicing the arbitrage of nation-states, but without much connections to local communities and resilient production; Similarly, local communities engaged in relocalized and regenerative production are not in sync with the mutual coordination capacities developed in the crypto/web3 context.
for - quote - silos - web 3 and crypto silo - localization silo - desiloing can bring about significant empowerment to people everywhere - from Substack article - The Cosmo-Local Plan for our Next Civilization - Michel Bauwens - 2024, Dec 20 - adjacency - desilo web 3 / Blockchain and localisation - educate cud events such as - Tipping Point Festival - from Substack article - The Cosmo-Local Plan for our Next Civilization - Michel Bauwens - 2024, Dec 20
quote - silos - web 3 and crypto silo - localization silo - desiloing can bring about significant empowerment to people everywhere - (see quote below) - To put it bluntly, Web3 and the crypto economy is still largely an ‘exit’ play for financial and coding elites, - practicing the arbitrage of nation-states, - but without much connections to local communities and resilient production; - Similarly, local communities engaged in relocalized and regenerative production - are not in sync with the mutual coordination capacities developed in the crypto/web3 context.
// - We need to create opportunities such as events and workshops to bring these two spheres into dialogue - Tipping Point Festival, as a cosmolocal event can do this by - holding locally organized events hosted by - local community activists at their community level, and - in larger urban centers, at ward and district level - thec internet can be used to facilitate the emergence of trans-national alliances
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To achieve the next great civilizational advance, towards a cosmo-local world order, we will need to bring those two worlds together!
for - desilo web 3 / Blockchain and localisation via cosmolocal strategy for generating a cosmolocal world order - from Substack article - The Cosmo-Local Plan for our Next Civilization - Michel Bauwens - 2024, Dec 20
// - need to move from web 3 to web 4 by adding 'people-centered' to 'decentralized'.
//
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one hand, we have a thriving and well-funded field of Web3 technologies, unconnected and unrelated to actual physical production; on the other hand, we have an explosion of underfunded local production
for - new local community project funding stream - Web 3 / Blockchain - from Substack article - The Cosmo-Local Plan for our Next Civilization - Michel Bauwens - 2024, Dec 20
Tags
- desilo web 3 / Blockchain and localisation via cosmolocal strategy for generating a cosmolocal world order - from Substack article - The Cosmo-Local Plan for our Next Civilization - Michel Bauwens - 2024, Dec 20
- silos - web 3 and crypto silo - localization silo - desiloing can bring about significant empowerment to people everywhere - from Substack article - The Cosmo-Local Plan for our Next Civilization - Michel Bauwens
- Substack article - The Cosmo-Local Plan for our Next Civilization - Michel Bauwens - 2024, Dec 20
- adjacency - desilo web 3 / Blockchain and localisation - educate cud events such as - Tipping Point Festival - from Substack article - The Cosmo-Local Plan for our Next Civilization - Michel Bauwens - 2024, Dec 20
- Addendum - 2024-Dec-26
- adjacency - web 3 and Blockchain / crypto technology - communities engaged in regeneration and relocalization - tinkering at the edge - missed opportunity - cosmolocal strategy as leverage point - safe and just cross scale translation of earth system boundaries - Tipping Point Festival - Web 4 - Indyweb
- new local community project funding stream - Web 3 / Blockchain - from Substack article - The Cosmo-Local Plan for our Next Civilization - Michel Bauwens - 2024, Dec 20
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- Jul 2022
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bafybeiac2nvojjb56tfpqsi44jhpartgxychh5djt4g4l4m4yo263plqau.ipfs.dweb.link bafybeiac2nvojjb56tfpqsi44jhpartgxychh5djt4g4l4m4yo263plqau.ipfs.dweb.link
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e moment of transition of the Internet—from mediating information to mediating distributeddirect governance in the sense of self-organization.
- With proper design, the internet can play a more proactive role
- From passive to active, sensemaking to action
- Cosmolocal production: https://clreader.net
- Web 3 technology
- Indyweb
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docdrop.org docdrop.org
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just to give you a feel for how powerful these systems are just think of the bitcoin energy consumption and realize that that 00:09:48 just drops out of two components in bitcoin one is the block reward impact evaluator and two the price of bitcoin so those two things yield this tremendous energy 00:10:00 consum consuming system this was kind of an accident this was a an accident of nobody quite intended this this device to um consume this this amount of energy and waste this amount of energy uh but 00:10:13 this gives you a sense of the power of these these uh systems first off we should fix this and you know get out get to uh better systems that that actually uh make this this um energy use uh useful 00:10:25 uh but this i use as an example to give you a sense of like the level of power that comes from these incentive structures and their operation at scale in falcon we're very familiar with these kinds of structures we use the same component and we've gotten a feel for how powerful 00:10:38 this stuff is um in just a couple of years we ended up organizing the build out of a massive hardware infrastructure for providing storage to the world um with again just using one 00:10:51 core incentive structure a block reward uh so all of this makes me really really hopeful um that we'll be able to build um these kinds of incentive structures that can scale to solve extremely large planetary scale 00:11:03 problems um by designing incentive structures and structures warping the incentive fields and getting us to little by little problem by problem scale by scale um solve challenges 00:11:17 and so i think i greatly encourage you if you aren't already in this uh world to try it out to try creating some smart contracts and deploying them um to try uh working with other projects and so on 00:11:29 to get a feel for how powerful these these systems are um i i'm very hopeful that things like this will have a huge impact on planetary scale problems like uh climate change um i've become very hopeful that 00:11:41 these systems will let us coordinate massive action again millions of people billions of people whole industries by letting us have the full power of law and economics and so on in a fully 00:11:55 programmable environment i'm also very hopeful that we can get to accelerate science and technology development by using these kinds of structures to create instruments to incentivize areas of the innovation chasm that are 00:12:08 underserved areas where it's extremely difficult to get funding for certain projects or where it's extremely difficult to get long-term rewards or long-term success many of you have probably heard me talk 00:12:21 about this science and technology translation problem and the lack of incentive structures in that in that period in the castle in the middle and i think a lot of that just comes from the lack of reward structures there that make it impossible for 00:12:34 groups building groups building building projects there to raise capital um because there's no good incentive for capital uh to to deploy there so uh what brought us to so knowing all 00:12:46 of this knowing that this is a critical century knowing that um this critical decade and year um and knowing that crypticon is extremely powerful um why are we here why are we in funding commons so we thought about this problem last year and 00:12:59 we saw that the scale of problem of um of blockchains and the kind of rapid pace of development in industry and the emergence of things like defy and dials and nfts and so on 00:13:10 and especially the the broad adoption by hundreds of thousands of people or millions of people of these tools gave us a very promising um landscape to be able to solve these kinds of problems 00:13:23 and so we have the potential to solve all these massive coordination problems but we're lacking good mechanisms we need way better governance structures we need way better funding mechanisms and uh and so on we need to study these things with much 00:13:36 deeper theory and much deeper experimental analysis and so on
Bitcoin, in spite of its unintended consequences, does demonstrate the power and potential of these kinds of systems to scale.
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- Oct 2021
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decrypt.co decrypt.co
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There will be three billion gamers by next year, according to a Newzoo study. And as Loftus puts it: “People are going to need to wear something.”
THIS is it - web 3 is making consumers mutiplicitous - opens marketts WITHIN games, subworlds that can be exploited / marketed to / fashion trends will sweep games, online subcultures (maybe) - people have markeable personas on and off the web, new context for targeted advertising / commerce.
Will cannabalize physical economies?
Accessorize for a zoom meeting - digital suits, etc digital costumes. Something to wear at digital concerts, in games; your Perona will not be birthed into the metaverse clothed, accessorized...
Assets will be portable across platforms.
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ethereum.org ethereum.org
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NFTs are compatible with anything built using Ethereum. An NFT ticket for an event can be traded on every Ethereum marketplace, for an entirely different NFT. You could trade a piece of art for a ticket!
There - opens up GIGANTIC barter economy possibilities - will shut out old middle men & create new ones - swap airline tickets / hotel reservations for concert tickets or memorabilia
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