In The Web3 Era, David Shin connects pivotal moments from the history of human progress and global trade with current events that are shaping the world of tomorrow through a fascinating and insightful exploration of the long-term, next-level use cases of non-fungible tokens and digital assets, and their implications for industries that leverage these advancements. In the book, you'll find discussions of the challenges and opportunities for institutions awaiting the arrival of the Web3 space; how old Western central powers are struggling to keep up with the digital currencies of the East; and…mehr
In The Web3 Era, David Shin connects pivotal moments from the history of human progress and global trade with current events that are shaping the world of tomorrow through a fascinating and insightful exploration of the long-term, next-level use cases of non-fungible tokens and digital assets, and their implications for industries that leverage these advancements. In the book, you'll find discussions of the challenges and opportunities for institutions awaiting the arrival of the Web3 space; how old Western central powers are struggling to keep up with the digital currencies of the East; and why our voices will matter as consensus-driven tribes converge to form DAOs. You'll also discover the potential of blockchain as a pivotal engine for driving the metaverse economy and transforming contemporary web infrastructure into a decentralized network of free trade and social interaction governed by users themselves. The author covers topics that include the potential institution of a smart treasury in a digital economy; the convergence of metaverse infrastructure with decentralized finance, creating a virtual world of open finance; use cases for government-backed digital tokens in a variety of industries; and social interactions and commerce tied to Soulbound-identity, AI technology, archeological revelations, de-dollarization, and the rising Global South.
David Shin was the global group head at Klaytn, a Forbes Blockchain Top 50 company and the blockchain arm of the Korean internet company Kakao. He is currently overseeing business development in EMEA and Asia for Immutable X, a well-funded Australian web3 game and NFT startup. He has also previously held the roles of head of exchange at Bitcoin.com and head of TZ APAC, an adoption entity supported by the Tezos Foundation.
Inhaltsangabe
Introduction ix
1 Rise of the DAOs 1
King for a Day 5
Does Your Vote Really Count? 8
What a Wonderful, Trustless World 10
Why the First DAO Had to Fall 13
New-Age Tribes 15
2 When the World Becomes Your Village. . . 19
When We Left Gold Behind. . . 27
The Corruption of Trade 30
Decentralized Trading, Reputation Tokens, and the Death of the Irresponsible
Influencer-Marketer 32
Can't Buy Me Love. . . 35
3 The New Centralization 39
Who Owns the Fed? 42
To Teach the World to Sing in Perfect Harmony 46
Central Bank Digital Currencies and Data Collection 49
Is Anything Real Anymore? 51
You Can't Always Get What You Want. . . 55
4 Tower of Babel 2.0 61
Lost in Translation 66
The Language of Progress 68
The Byzantine Generals Problem 72
Creating Consensus and Spreading It 75
The Antichrist is Coming 77
5 Soul Beyond Face Value 81
Digital Gangsters' Paradise 86
The Angry Face Algorithm 91
It's a Long Road From Rakhine 95
If You Tolerate This Then Your Children Will Be Next 98
Your Soul Defines You 100
6 Back to Africa 105
We are Family? We are Françafrique 113
The Last Colonial Currency 117
The African Union? 120
The Last Digital Frontier 122
7 The American Way 129
The United States of Isolation 137
The Fall of the Petrodollar 140
Defeating the Dollar 148
The New Bretton Woods 154
8 When We Meet in the Metaverse. . . 159
Beyond the Planet of the Bored Apes 163
When Worlds Collide. . . 170
A Meaningful Place 177
9 Of Builders and Villains. . . 185
Walking on the Moon: The Rise and Fall of Terra LUNA 190
Sex, Drugs, and Balance Sheets: How a Bunch of Kids Created and Destroyed FTX 201
Speculation, the Language of Fools 211
10 The Nature of a Nurturer: Reflecting on the Klaytn Journey 215