Money Metaverse: How Crypto Is Reinventing Finance & Property and Unlocking Value via Tokenization - Softcover

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This metaverse is parallel to the physical world — a world of avatars, virtual substitutes, and XR designed to interact in what we will call an ABCD fashion. This form of artificial intelligence (let us call it A), when joined to the blockchain (let us call this B), could add around 16% to global output, or about $13 trillion. Indeed, it is clear that both AI and blockchain are immature technologies and are subject to glitches. Nevertheless, this is true of all technologies. AI can overcome many types of human biases which bring about bad outcomes, and blockchain offers a way to create trust through an immutable transaction with no need for an intermediary that takes a big cut, often creates new inefficiencies, and usually involves cartelized franchises. The governance function of the blockchain I describe is a self-sustaining mechanism to allow for maximum improvement and inclusion for all participants. By buying an NFT on a blockchain, you own an immutable digital space in the binary trustless virtual world sustained and protected by consensus of the decentralised nodes. That is one of the most important aspects of a blockchain-based metaverse as opposed to a centralised cloud-based network that ownership on a cloud can disappear with the it or changed by the centralised authority.

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