Mind Matters Natural and Artificial Intelligence News and Analysis

TagDecentralized Autonomous Organizations (DAOs)

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Stony pebble yellow background

Staking and Liquidity on Web3

Like gold, cryptocurrency such as Bitcoin is mined. Gold becomes harder and harder to find as it is mined. In the same way, as the supply of a cryptocurrency increases, computers have to solve harder and harder problems to be awarded cryptocurrency. Staking is a is a new approach that replaces mining and reduce costs. How does it work? Adam…

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WEB 3.0 abstract sign with blockchain 3d illustration

Why Didn’t Decentralized Organizations Work in the Crypto World?

DAOs broke down when people tried to make them interact with the outside world

Here’s the second part of Episode 3 of the discussion between computer engineering prof Robert J. Marks and computer engineering grad students Adam Goad and Austin Egber on the wild new online world. They’ve been talking about non-fungible tokens (NFTs), and what sort of NFTs survived the crypto crater: Now, in the second part of “The NFT Anti-bubble” (August 18, 2022), they look at what happened to the decentralized autonomous organizations (DAOs) that grew up along with crypto and NFTs: https://mindmatters.ai/wp-content/uploads/sites/2/2022/08/Mind-Matters-200-Adam-Goad-Austin-Egbert.mp3 A partial transcript, notes, and Additional Resources follow. Austin Egbert: Could you give an example of what one of these DAOs was maybe trying to do? What service were they providing? Or what was their business output, so to…

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Metaverse world NFT Art Gallery Avatars and VR Glasses 3D Illustrations

Are NFTs a Bubble That Has Just Plain Popped for Good?

Despite the crypto crash, they seem to be developing a life of their own — in ticket sales, for example

Here’s the first part of Episode 3 of the discussion between computer engineering prof Robert J. Marks and computer engineering grad students Adam Goad and Austin Egbert on that wild new online world. They’ve been discussing what gives NFTs (non-fungible tokens) their value. Now, in “The NFT Anti-bubble” (August 18, 2022), they are looking at how NFTs are faring in the vast crypto crater. What still sells?: https://mindmatters.ai/wp-content/uploads/sites/2/2022/08/Mind-Matters-200-Adam-Goad-Austin-Egbert.mp3 This portion begins at 00:15 min. A partial transcript, notes, and Additional Resources follow. Robert J. Marks: We have talked about non-fungible tokens kind of hitting the skids. Is this a bubble pop? Are non-fungible tokens going to disappear as kind of an interesting thing in history? Or are they going to…

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Oil drop on water with illuminated background

The NFT Anti-Bubble

When new technology is introduced, there is often a buildup of incredible hype. But eventually, people are going to recognize the limitations of the new technology and it can become irrelevant. Where are NFTs on this “hype curve” and will they continue to exist? Adam Goad, Dr. Austin Egbert, and Dr. Robert J. Marks discuss non-fungible tokens, the economy, and…