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Showing posts from November, 2021

The Metaverse and the Potential of Blockchain

Many believe that the Metaverse idea is more than just intertwined and dependent on blockchain.   This is absurd to others.   It is not necessary to establish or manage asset ownership. If the NBA, Disney, or Valve claimed who owned an image or virtual currency they would be believed by everyone.   It is not necessary to transfer money quickly and safely (Alipay or PayPal move billions of dollars per day through purely digital networks). Due to their centralization, blockchains are plagued with many shortcomings, including high "gas" fees, slowness, energy consumption, and costly "gas” fees.   These flaws are so severe that nearly all NFT platforms store as many as possible (e.g.   These weaknesses are so severe that almost all NFT platforms store as much information as they can (e.g. credit card information, profile photos) in centralized databases rather than on the blockchain.   NFTs, on the other hand, rely on fragile "pointers", which could be lost at ...

Payments, Payment Rails and Blockchains and the Metaverse

  Source: https://www.matthewball.vc/all/metaversepayments The Metaverse was positioned throughout this primer as both a successor state for the mobile internet and a platform that allows humans to enjoy leisure, work, and exist in the larger world.   A thriving economy is key to the success of this vision.   And we know what makes for a thriving economy: competition and a constant cycle of disruption/displacement, a large number of profitable enterprises (especially small-to-medium businesses), capital mobility, strong consumer spending. I have discussed the technologies that contribute to this result in Section VI .   But, I neglected to mention one of the most crucial interchange tools and standards: payments rails and related services.   These technologies allow and manage money flow throughout the economy. They also define the "cost of doing business", for all workers and consumers.   They're already a problem battleground for hegemony within the emerg...

How to draw attention to your online store in a crowd-sourced marketplace 7 Ways to Stand Out Among the Sea of Competing Products

Selling common products online in this age of Amazon can prove difficult for sellers such as candles, chocolates and coffee. You can make your online store standout by dedicating some time and continuous planning to your audience, marketing, and product lines. Here are seven ways you can increase your sales without being overshadowed by mass-produced products. 1.   Create Niche Products img alt="Jar with sugar cubes on white table."   src="https://woocommerce.com/wp-content/uploads/2019/08/blog-Sugar-Cubes@2x.jpg"/> Sugar cubes can be sold by anyone.   A pound of sugar cubes is sold by a big box store for $1.25.   This is less than one cent per cube. You'll lose if you try to compete with major retailers for a product similar to this. What about the horse sugar cube niche.   Horses are loved by people.   People love their horses. However, they might be able to purchase sugar cubes specifically made for horses. These products are often flavored with fruit...