As a medium of exchange in this Metaverse, coins called “tokens” and NFT (non-fungible tokens), which are unchangeable and have not been heard of until recently, will be used as a means of exchange. Evidence of the boom in NFT sales is the $10 billion trading volume in the third quarter of 2021. Undoubtedly, the medium of exchange in this universe will not be limited to chips produced by a single blockchain project.
Institutions in this universe will create an exchange platform for their virtual assets, and it will be possible to exchange these assets at the current exchange rate and meet the expenditures in the visited universe, as is done when moving from one universe to another, from one country to another. Virtual slaves, called iNFTs, owned by crypto assets, will fulfill their owners’ every wish without question.
Those who wander briefly in this world are among the pioneers by preparing a collection of 19 Vadaa characters that have survived from the first presentation of Yapı Kredi Bank in Turkey to the present day. learns where. Cryptopunk artworks have changed hands for hundreds of thousands of dollars.
For example, Christie’s auction house has set an incomprehensible record for those outside of this realm, selling its NFT piece Everyday for $69 million. According to Techspot’s report, the “Metaflower Super Mega Yacht” with helipad, dj cabin and jacuzzi was sold to NFT for $650. Last month, a digital plot of land in Decentraland was bought for $2.5 million.
These and similar exchanges are hard to understand, even crazy, for those outside of this realm. However, it is worth remembering that people who consider themselves “normal”, citizens of the beyond, find the payments they make for jewelry and branded products equally incomprehensible. Because as a result, all the high-priced items are status symbols and people show their wealth and tastes to the group they want to belong to in this way.
In the other universe, the commercial world will be colorful and companies will push the ethical boundaries to the highest level in order to attract and keep users in their world in order to market their products. The public authority has the responsibility to regulate this environment with a non-censorship approach. Otherwise, those who will use the dark side of psychology will easily abuse people and call it “freedom”.
A person wandering in the beyond universe created by himself in the virtual reality world can watch the movie he wants, watch the match from the best part of the stadium, visit the city of his choice, and even show up with his avatar in a restaurant at the end of the world with the sensors attached to the headgear, eat the sushi prepared by the famous chef (virtually) and meet with his chosen friends. can come together. It is not yet known how happy this situation will make people and how much pleasure virtual sushi will provide that does not pass through taste receptors.
Social media, in its current form, is known to inordinately violate personal privacy and not only market certain commercial products to users, but also politicians and change the outcome of referendums. Facebook sent an “election day” message with pictures of friends on it to 61 million people only once in 2012, resulting in 300 thousand voters who had not previously gone to the polls.
This information is known because Facebook disclosed it. Considering that the 2016 Elections were determined by a margin of only 100,000 votes, the magnitude of the danger that awaits democracy can be understood. Because if politicians want to limit this power, it will not even be possible for them to be aware of the regulations that will prevent them from being elected. The conclusion to be drawn from this is that Facebook can change not the contested elections, but even the uncontested ones, if it wants to.
Next Page: Will blockchain really take control from central authority?
Hits: 48
