After a long Covid stretch where getting together was a challenge in many respects, the crew is back on the podcast to discuss the latest happenings within the metaverse and reality. Elon showcases a new NFT. We discuss why predicting the trajectory of bitcoin matters in the grand scheme of things. The metaverse has huge implications that aren't obvious yet to most people, we discuss why the metaverse will the place many decide to spend their time on. NFT's are all the craze right now, what's next for this vertical in the crypto space?
Bitcoin on a major run right now on its way to the inevitable $100K prediction, but are we in a super cycle that could propel Bitcoin to beyond the prediction? We use technical analysis to try to predict where it could actually end up. An Ohio Representative provides regulatory clarity that shows favorable conditions for cryptocurrencies. This is great news if you're an American dealing with unfavorable conditions. Artificial Intelligence is getting a lot of interesting applications in the blockchain space. Find out how AI can supplement the DAO in running an organization. A stealth organization has emerged giving a rise to a relatively new governance model. ZeigesitPM attempts to use prediction markets as a sentiment indicator for a Decentralized Autonomous Organization.
Recent discussions involving Gary Vanyerchuck have been active recently and the main topic has been around the true implications of blockchain gaining mass adoption. The real implication is the total demise of fiat currency which is when powers shift. Every 100 years a different currency rises to become the world reserve currency and the dollar is a few years over due to collapse. Now that cryptocurrencies is a possible option, we could be seeing one of the biggest fundamental shifts ever experienced by humanity. A currency not controlled by any one government is unlike anything that's happened before.
There is a sector in the crypto space exploding with innovation and that is a decentralized cross chain apps that allow you to swap tokens that are on different chains. To name a few crosschain swapping apps include Multichain.xyz, AnySwap, Zero Exchange, Anti Matter just to name a few. Beeple has a new NFT at the Christie auction going for a current bid of $2.4 million of his first 5,000 Everydays. If you don't know about Beeple, he has posted a new piece of art everyday for the last 10 years. Beeple also sold a Trump NFT for $6.6 million, clearly there is a huge opportunity with NFTs. The metaverse is getting swept under the rug for the most part in the NFT mania, but the metaverse like Decentraland has a unique value proposition for NFTs. With the metaverse, you can turn a DEX like Uniswap into an NFT! This is the ultimate form of composability.
On today's podcast we interview Scott Gray, head of business development of Dev Protocol! We get an inside look of the economics of tokenizing open source software. With Dev Protocol, any developer can generate 10 million tokens as a way to capture and distribute value to their own community of supporters. Supporters can stake Dev tokens to support the development of different projects in order to participate and support a project so that devs can focus on their project. Supporters who stake mint new Dev tokens that are split between the staker and the project they stake with. We also discuss anonymous development and the chances of it becoming a more common and sustainable way to develop projects. Scott also gives his outlook of the long term application of Bitcoin.
Since the announcement from Tesla on purchasing $1.5 billion worth of Bitcoin, Iman and William have been discussing the potential snowball effect. What could the United States government do if a large portion of business start allocating a percentage of their reserves for Bitcoin? With Oracle, Apple, and Google likely on their way to make their announcements, the U.S. Government could pull the plug to slow the growth of this new asset. Maybe they understand the potential and decide to encourage development state side and have relaxed regulation. Tune in to see where you stand in this debate.