MONEY REIMAGINED: Best of 2022 Part 2 - Media in the Metaverse, With NYT’s Kevin Roose on the Future of Crypto
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 30 December 2022
⏱️ 54 minutes
🧾️ Download transcript
Summary
This episode is sponsored by Roofstock onChain
Web 3, the metaverse and non-fungible tokens (NFT) have the potential to be a force for good in the world, to improve decentralization, raise underrepresented voices and empower creators. But with a digital land grab for virtual real estate growing fast, will people soon find themselves locked out of the metaverse?
On this “Best of” episode of “Money Reimagined” recorded in January 2022, hosts Michael Casey and Sheila Warren talk with Kevin Roose, New York Times tech columnist and author of “Futureproof,” a cautiously optimistic look into an automated, AI-filled and algorithmically driven future. Roose has also delved into the world of crypto: In March 2021, he wrote a column explaining non-fungible tokens (NFT), and then sold that column as an NFT for 350 ETH ($1.14 million at current prices.).
“I don't think we should feel like this is going to be entirely a good thing,” says Kevin Roose. “… [I]f Web 3 is becoming more like the offline world, in the sense of being exclusive and gate-kept in the ways that our physical world has been for so long.”
The future is rapidly approaching and the crypto industry is determined to establish its place in it. Web 3 is shaping up in opposition to the current Web 2, moving away from the centralized, data-driven approach of today's internet. Alongside Web 3 is the metaverse, where individuals can fragment themselves into two parts: their physical self, and their digital persona.
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This episode was produced and edited by Michele Musso, and our executive producer, Jared Schwartz. Theme songs used are by Dresden the Flamingo, Ryan Saranich, 6 Music, and Afternoonz.
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Roofstock onChain allows you to instantly transfer ownership of real-world homes using standard NFT smart contracts. Buy and sell homes with one click, pay with crypto, and access DeFi lending options. Find our web3 homes at onchain.roofstock.com or your favorite NFT marketplace.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
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| 0:00.0 | This episode is sponsored by Roofstock on chain. |
| 0:05.4 | Money is changing. So where do we go from here? |
| 0:09.7 | Join Michael Casey and Sheila Warren for their best of the Money Reimagined podcast. |
| 0:16.1 | And just a reminder, CoinDesk is a new source and does not provide investment advice. |
| 0:22.0 | And now, Michael Casey. |
| 0:27.0 | Hello and welcome to Money Reimagined. I'm Michael Casey. |
| 0:31.0 | For this, the second in our two-part best-of series, we're running with one that we recorded way back in January. It's a conversation |
| 0:39.0 | with New York Times journalist Kevin Ruse about the NFT zeitgeist that was very much underway |
| 0:44.8 | at that time. Kevin had a few months earlier made headlines by turning one of his columns into an |
| 0:50.6 | NFT and selling it for a whopping $560,000, a result that baffled him and led |
| 0:57.0 | him to ponder what it is that makes people assign value to things. We use that and his broad |
| 1:03.4 | knowledge of the creator economy and internet society to explore what to make of the NFT phenomenon. |
| 1:09.5 | It included a fascinating discussion about how much of the broader economy actually runs on, quote, rich people buying things to show off their status and whether NFTs are a new way for these people to doined. I'm Michael Casey. |
| 1:33.9 | Today we're talking NFTs and the future of digital media and the arts. |
| 1:38.7 | I want to start this episode with a personal reflection. |
| 1:41.3 | I've been in journalism for three decades, which means I'm of the generation |
| 1:44.6 | of journalists that started their careers with no real knowledge of what this internet thing |
| 1:48.5 | was all about. Yes, dating myself, of course. Many of us greeted the internet with at first |
| 1:54.2 | confusion, then wonder, then sometime later, excitement over the possibilities of the so-called |
| 1:59.7 | information superhighway. |
| 2:01.6 | I profited, somewhat. I made a career in the late 90s writing cautiously positive pieces |
| 2:06.6 | about how web-based commerce would open up access to new industry players, disrupting everything |
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