Tech companies like Meta, Microsoft, and Nvidia all have a dream: they all want to create what they call the metaverse. In these virtual spaces, people should be able to interact with each other as avatars with the help of virtual reality technologies. But this is not only about talking, but also about selling digital goods such as your property or artwork in the metaverse. People especially like to pay with cryptocurrencies like Bitcoin.
But then, just like in real life, people want possessions to be clearly identifiable. This is why NFTs, i.e. immutable or immutable tokens, also play a very important role in these metaverses. It is comparable to testimonials that attribute ownership of digital work to a specific person, for example. This is publicly documented on the blockchain.
However, experts estimate that it will take a good 20 years for these metavers to be fully implemented, as they require a great deal of computing power and are technologically complex. The first signs of this can already be observed in computer games: here too, experiments are conducted with players who are able to buy clothes for their characters, the ownership of which can be proven to them with the help of NFTs. One thing is clear: a real hype has been developed around these technologies, fueled by Silicon Valley giants like meta head Mark Zuckerberg.
However, now write famous
Technical NewsletterThat hype is already over. Apparently, for example, there is less trade in NFTs and interest in metaverses is also declining.
John Klingbeil From MediaLab, Byrne takes a closer look at the phenomenon of hype: “Noise occurs when these expectations move further and further away from the actual capabilities of the technology: in the end I am no longer talking about the technology itself, I am only talking about the potential for the technology, about the expectations behind it.”
He explains, that many media outlets will also jump on this hype thus ensuring that discussions on the topic remain superficial.
Shermaine Fuchshamger. Instead of looking at technologies differently, the reports tend to focus more on the impressive sales of NFT, according to the founder of the Blockchain Center in Berlin. And something else happens: “The problem with spreads is that they tend to be very one-sided in these discussions – that’s only good or only bad.”
Journalists also note a polarization on this topic
Dennis Horn. As a digital expert at ARD, he has been dealing with cryptographic techniques for years and notes how proponents react emotionally to criticism: “In many years I haven’t experienced a topic in my reporting on the digital world that I hate it so much when criticized and put fingers in wounds.”
So the future of this technology should be determined less by differences. Instead, what we need is a differentiated examination of the technologies that are increasingly finding their way into our daily lives. This also confirms
Marcel Weiss. The business graduate has been writing about the Internet economy for years. He says YouTube, Instagram and Twitter, for example, want to work more with NFTs in the future: “That’s why I would also like to advocate that you don’t cover your eyes and ears on this topic, because if there is any progress on this topic and the course is now in preparation , it would be good if only the Startup Brothers could share.
Instead, it will be important for the broad openness to have a say in the further development of the technology. This also includes binding regulations that have to be put in place again and again in other areas of the Internet. “For example, you’ll have to renegotiate the old trade-off between transparency and privacy, or how much code will end up reducing scarcity – at some point I can’t look at images online because someone bought them and they want me to pay for them before I click on them?” ‘ says the journalist
Jenny Jensmeir one point.
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