NFTs are hailed as the foundation of the metaverse economy because they allow you to purchase unique digital assets, from art to real estate. But legally, you might not own what you think you do.
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.
Bitcoin’s annual electricity consumption is more than three times New Zealand’s – those hidden environmental costs must be part of any future regulation.
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.
Associate Director, Initiative For Cryptocurrencies and Contracts (IC3); Assistant Prof. of Electrical Engineering, Technion - Israel Institute of Technology
Professor of Computer Science, Jacobs Technion-Cornell Institute, Cornell Tech, and Co-Director, Initiative for CryptoCurrencies and Contracts (IC3), Cornell University