It took three hours, a partial understanding of some esoteric concepts, and $1,300, but I did it.
I created an NFT (well, four, to be precise).
You might’ve heard this term. If not, you will hear a lot about it. It’s the acronym for a non-fungible token, which is 2021-speak for “possibly, but not definitely a speculative mania.”
These “tokens” represent digital files with a key attribute: they are one-of-one. NFTs first emerged in 2017 with a project called CryptoPunks, which freely offered 10,000 unique digital avatars designed by an algorithm. Some had rarer attributes than others, like ones that…
On what appeared to be an otherwise regular quarantine Friday night with a few Old-Fashioneds, J.K. Rowling opened the floodgates to Crypto Twitter with a single tweet:
Rowling was quickly engulfed with the full force of Crypto Twitter — literally thousands of replies, including every significant person in the cryptocurrency space. Seemingly everyone even vaguely interested in crypto chipped in, from Elon Musk to the @Bitcoin Twitter account. The result was predictable:
During the first era of the internet — from the 1980s through the early 2000s — internet services were built on open protocols that were controlled by the internet community. This meant that people or organizations could grow their internet presence knowing the rules of the game wouldn’t change later on. Huge web properties were started during this era including Yahoo, Google, Amazon, Facebook, LinkedIn, and YouTube. In the process, the importance of centralized platforms like AOL greatly diminished.
During the second era of the internet, from the mid 2000s to the present, for-profit tech companies — most notably Google…
Stefan Heidenreich believes that some day, money will seem like an ancient religion. In his recent book Money: For a Non-money Economy, the German philosopher and media theorist speculates on how the money-based global economy could soon transition to an entirely different system based on the algorithmic matching of goods and services. Such a system could match people with what they need at a given moment without relying on the concept of a stable, universal price — and, just possibly, do away with the vast inequities caused by the market.
If you find the idea of an economy without money…
In Malawi, dust hangs low over the towns, mingled with smoke from cooking fires. Above the dry earth, brilliant orange mangoes hang from the trees. In the very early morning, groups of women can be seen carrying buckets and jerry cans as they scour the commercial capital, Blantyre, for water. It lies at an altitude of over 3,000 feet, and in periods of water shortage, some districts can go without water for days.
These “bucket brigades” can start as early as 2 a.m., knocking on the doors of wealthier homes and asking to fill their buckets. Then, they walk for…
Where there’s profit to be made, there’s corporate greed. And the weed industry, which is inching toward legalization throughout the United States, is no exception.
The market for legal weed is projected to hit $31.4 billion by 2021, according to a recent report from the Brightfield Group, a research firm focused on cannabis. Naturally, alcohol, tobacco, and pharmaceutical companies are investing heavily in the industry.
Constellation Brands, best known as the parent company of Corona and holder of the third-highest market share of any beer supplier in the world, has invested nearly $4 billion in Canopy Growth Corp., an Ontario-based…
Akile Wua Justice chuckles with pride as he talks about graduating from his three-year degree at Uganda’s Cavendish University last year. Competition for graduate work is intense, but qualified engineers can face an unexpected problem — battling bureaucracy, fees, and fraud to prove they really are qualified.
The telecommunications and engineering graduate says that students are given one official certificate and one paper copy, and then have to have these certificates validated with signatures and stamps from various officials. The process can cost as much as $300 and take six months. “When you graduate you’re given a certificate, but if…
If they squinted hard enough, attendees of the International Centre for Parliamentary Studies’ annual Electoral Symposium, which took place in late May at the Troia Design Hotel, 90 minutes south of Lisbon, Portugal, could just about see the future of democracy taking shape.
As usual, credentialed participants — electoral officials from around the world, staff from various NGOs, and an array of eager vendors — could play with the latest suitcase ballot scanners, price out indelible inks, and peruse an array of tamper-resistant security seals, the time-honored instruments of elective governance.
“It’s funny because most people don’t know too much…
The word “trust” is printed on things all around you. The dollar bill in your pocket. The box of Kleenex on your bedside table has a label that reads “trusted care.” In the physical world, it’s easy to prove that trust is indeed warranted: Trade that dollar (plus three more) for a latte and you can taste the power of U.S. currency. Wipe your nose without scratching your nostrils raw and, yes, Kleenex, I trust in your ability to produce soft tissues.
Blockchain technology is probably the best invention since the internet itself. It allows value exchange without the need for trust or a central authority. Imagine you and I bet $50 on tomorrow’s weather in San Francisco. I bet it will be sunny, you that it will rain. Today we have three options to manage this transaction:
The undercurrents of the future. A publication from Medium about technology and people.