NFT

Why the Metaverse Will Have Both Benefits and Negative Effects

By Allen Taylor | Cryptocracy | 4 Apr 2022


Incredible things are happening in the cryptosphere. My post on cryptosocial earnings for the month of March is getting a lot of solid engagement and earnings on several platforms. Today, let’s highlight Read.Cash. If you’re not a member yet, join and comment on my post.

On another note, the 5-star reviews for my book on cryptosocial media are flowing in. It’s currently ranked 18 in the Social Media category (was 13 at one time), 25 in Internet Marketing, and 26 in Web Marketing. Plus, the publisher has discounted the Kindle price to $2.99 for a limited time. Get it while it’s hot!

And Now For the Latest Crypto News …

Binance just became the first crypto brand to sponsor the Grammies, just in time to poach Microsoft’s corporate VP to be its CTO.

Everyone’s watching bitcoin. Will it go up? Will it go down? Will it bow to Ethereum? And while eyes are watching BTC, some altcoins—such as Terra Luna—are booming. In fact, Luna recently hit an all-time high with a 9 percent increase.

Why jury nullification is important for bitcoiners. (An awesome read)

This year, the metaverse is all the rage. It promises to spur massive innovation, but will it? It could change the way movies are made. And the way scientists conduct research. But what will be its effects on society? Will it change our mental healthLet’s be honest. The human race doesn’t have a good track record for knowing what’s good for it. We like innovation, we praise progress, we elevate and worship novelty. But often technological advancements have negative effects that we’re willing to live with in order to gain the benefits. Industrialization brought us massive amounts of pollution, new health conditions, and terrible social ills, but we consider it progress. The internet and social media has given us higher rates of depression and anxiety, health issues such as eyestrain (which I’ve personally experienced), sleep problems, and more. Still, it’s been a big boon to the economy and has enhanced personal lives tremendously (it’s allowed me to make a living). Providing this reality, it doesn’t hurt to ask what negative effects may come about as a result of a new innovation we have yet to realize the full benefits from. Go metaverse!

Do you know the top 5 Bored Ape traders?

The Dubai police have issued their own NFT collection while WeChat, to avoid speculation, has suspended NFT accounts. That may seem strange, but it’s a well-known investing truth that the greater the potential return the bigger the risk. Some say NFTs can forge trust. But are they art or artifice? Whichever it is, the future of NFTs could lie within the courts.

NFT

What is a Web3 domain name?

Crypto users are advised to upgrade their Chrome browser.

Why are blockchain bridges getting hacked?

TweetDAO is a new take on decentralized autonomous organizations. One thousand twits paid for the right to tweet from the account. And CoinTelegraph asks if Ethereum is the best blockchain on which to form a DAO. If you’re new to DAOs, brush up with these 5 types of DAOsI would add a sixth type of DAO: Service DAO. And while we’re on the subject of Twitter, can you believe I published this little gem?

A Twitterific Year twitter poems

An interview with Evan Cheng, founder of Mysten Labs.

Staking, not mining, is the future of crypto.

Cryptocracy is a decentralized newsletter published 4 times a week. I curate the latest news and crypto analysis from some of the brightest minds in crypto, and sometimes offer a little insightful and snarky commentary. Always fresh, always interesting, and always crypto.

First published at Cryptocracy. Not to be construed as financial advice.

NFT image credit: Bloomberg via The Business Times

Resources

  1. https://cryptocracy.substack.com/p/cryptosocial-earnings-march-2022
  2. https://read.cash/@cryptocracy/cryptosocial-media-earnings-march-2022-29520c10
  3. https://www.amazon.com/Cryptosocial-Cryptocurrencies-Changing-Social-Media/dp/1637421834
  4. https://fintechnews.sg/60179/blockchain/binance-inks-deal-to-become-the-grammy-awards-first-ever-crypto-partner/
  5. https://finbold.com/binance-poaches-microsofts-top-executive-as-exchanges-cto/
  6. https://time.com/nextadvisor/investing/cryptocurrency/bitcoin-price-predictions/
  7. https://www.the-sun.com/tech/4409306/bitcoin-predicted-to-crash-in-2022-investors-warned/
  8. https://www.yahoo.com/video/ethereum-surpass-bitcoin-market-cap-110002109.html
  9. https://cryptopotato.com/bitcoin-maintains-46k-terra-luna-soars-9-to-new-all-time-high-market-watch/
  10. https://bitcoinmagazine.com/culture/future-jury-nullification-for-bitcoin-users
  11. https://venturebeat.com/2022/04/03/the-metaverse-will-fuel-massive-innovation-and-facebook-isnt-the-metaverse/
  12. https://theconversation.com/the-metaverse-has-been-heavily-hyped-but-it-could-enable-entirely-new-ways-of-screen-production-174687
  13. https://cointelegraph.com/news/nfts-web3-and-the-metaverse-are-changing-the-way-scientists-conduct-research
  14. https://www.youtube.com/watch
  15. https://nypost.com/2022/04/03/experts-predict-how-the-metaverse-will-change-our-mental-health/
  16. https://www.history.com/news/industrial-revolution-negative-effects
  17. https://www.medicalnewstoday.com/articles/negative-effects-of-technology
  18. https://news.bitcoin.com/an-in-depth-look-at-the-5-most-profitable-bored-ape-nft-traders-of-all-time/
  19. https://www.thenationalnews.com/uae/2022/04/04/dubai-police-embrace-nft-trend-with-release-of-digital-token-collection/
  20. https://coingeek.com/wechat-suspends-nft-accounts-to-avoid-speculation-in-digital-assets/
  21. https://www.jpost.com/business-and-innovation/banking-and-finance/article-703094
  22. https://www.bangkokpost.com/opinion/opinion/2289622/how-new-tech-can-help-forge-trust
  23. https://www.businesstimes.com.sg/wealth-investing/nfts-are-they-art-or-artifice
  24. https://www.wired.com/story/nfts-cryptocurrency-law-copyright/
  25. https://cointelegraph.com/explained/the-concept-and-future-of-decentralized-web3-domain-names
  26. https://cryptoslate.com/billions-advised-to-update-chrome-browser-especially-crypto-users/
  27. https://www.wired.com/story/blockchain-network-bridge-hacks/
  28. https://nftevening.com/meet-the-tweet-dao-a-twitter-account-owned-by-1000-crypto-degens/
  29. https://cointelegraph.com/news/is-ethereum-really-the-best-blockchain-to-form-a-dao
  30. https://www.whatech.com/cryptocurrency/blog/724205-what-are-the-5-types-of-daos
  31. https://www.amazon.com/Twitterific-Year-Twitter-twitpoem-project-ebook/dp/B00NZ7ULVS
  32. https://venturebeat.com/2022/04/03/evan-cheng-interview-how-mysten-labs-hopes-to-bring-scale-to-blockchain-games/
  33. https://sportsfinding.com/goodbye-to-mining-staking-is-the-next-big-business-of-cryptocurrencies/142491/
  34. https://cryptocracy.substack.com/p/the-negative-effects-of-the-metaverse

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Allen Taylor
Allen Taylor

Writer, editor, publisher. Content strategist for fintech, blockchain, and crypto firms.


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