“Some of us continue to have old-fashioned careers in the twenty-first century— we are doctors, professors, lawyers, and truck drivers. Yet the main economy is now driven not by what we do, but by the information extracted from us, not by our labor in any established sense, but by our data.”

“In the past, humans had to struggle against exploitation. In the 21st century, the really big struggle will be against irrelevance. It is much worse to be irrelevant than to be exploited. Those who fail in the struggle against irrelevance will constitute a new useless class.”

According to Harari, three challenges will arise from the AI revolution. <ol><li>A new useless class: A new cast for employees who fall behind the technological development as their hard-earned skills are replaced by automation.</li><li>Data colonialism: Technological inequality. Automation in highly developed countries can replace low-wage labour in developing countries.</li><li>Digital dictatorships: Governments and companies with access to information about our personality types, political views, religious beliefs, preferences, fears and desires can monitor everyone and predict and manipulate our behaviour.</li></ol>

Threats from the AI Revolution

On a smaller scale, we increasingly entrust our decision-making abilities and authority to algorithms and algorithmic recommendation systems. For example, billions of people rely on the Facebook algorithm to tell us what is new, Netflix to tell us what to watch, or Google to tell us what is true. Algorithmic systems decide if we are suited for a job, if we are eligible for a loan, how our money should be invested, or who would be a suitable partner on Tinder. Yet, we have no insights into how these decisions are made, nor do we understand the machine's reasoning.

Automated decision-making

The GDPR is a paper tiger. It offers no meaningful protection for individuals against automated decisions. Even if a decision is needed for entering into a contract or an individual has given their explicit consent, it is often impossible for the individual, the business owner, or the developers of an advanced AI system to understand or explain the processes behind how a decision was reached.

GDPR - General Data Protection Regulation

<ul><li>The Data Protection Commission of Luxembourg imposed a €746 Million fine on Amazon related to Amazon’s use of customer data for targeted advertising.</li><li>The Irish Data Protection fined WhatsApp €225 Million for unclear privacy policies and lack of transparency in how it handles user data.</li><li>The French data authority fined Google €150 Million and Facebook Ireland Limited €90 Million for failing to provide a simple method for users to opt out of tracking cookies.</li></ul>

The paper tiger protection

The exponential technological growth has raised living standards, comfort and convenience. The growth continues, perhaps even outpacing Moor's law, which states that the number of transistors would roughly double every two years. The exponential growth of technology is not limited to computer chips. Within decades AI systems will likely outcompete humans in any intellectual field, including tasks previously considered safe such as researching, philosophising, judicial reviewing, diagnosing, and financial analysing.

Exponential technological growth and technological unemployment

Technocapitalism, capitalism boosted by AI systems and other modern technologies, is increasing the gap between the rich and the poor. For example, American billionaires gained $2 trillion during the corona pandemic while parents in Afghanistan sell their kidneys to feed their starving children in the current food crisis. Today's internet seems designed to distract us with attention-grabbing and fake content that is generated by algorithms. The Web 3.0 movement is inspired by the Bitcoin philosophy, but the same system could be used to disrupt geography by forming new countries.

Technocapitalism, the Internet, and Web 3.0

Key public decision-makers should not be oblivious to the scope and the scale of the technological disruption staring us in the face. Radically new ideas from people who think outside the box and outdated protocols should be listened to regulate the current state of affairs and address the challenges and opportunities of the post-internet era.

Responding appropriately

The author is exploring how the AI revolution, and the Web 3.0 paradigm, including the Metaverse concept, will shape the human experience in the future.

A brief overview of relevant challenges in the intersection of law and technology.

Stashed ideas

Elaborating on the Need for Futuristic Thinkers

It isn’t easy to separate genuine cryptocurrency recommendations from the scams; there are lots of sharks out there waiting to take your money.Reports of crypto investment scams surged to 7,118 in the first nine months of 2021. This was up 30% on the whole of 2020, according to Action Fraud, with the average loss per victim at £20,500.So when you’re confronted with a lot of information about a cryptocurrency, take a step back from the hype.Try to look critically at the project or platform. How many users does it have? What problem does it solve?

1. Have a strategy for crypto trading

Some people offering crypto trading tips might not have your best interests at heart. So don’t get stung making the same mistakes as others.Set limits on how much you invest in a particular digital currency and don’t be tempted to trade with more money than you can afford to lose. Cryptocurrency trading is a high-risk business and more traders lose money than don’t.

2. Manage risk

It doesn’t pay to have too much invested in one single cryptocurrency. Or as they say: don’t put all your eggs in one basket.As with stocks and shares, spread your money out among different digital currencies.This means you don’t risk being over-exposed should one of them plummet in value – especially as the market prices of these investments are highly volatile.

3. Diversify your crypto portfolio

Prices can rise and fall quite dramatically day to day, and novice traders are often duped into panic selling when prices are low.Cryptocurrencies are not going to go away. Leaving your money in the crypto market for months or years at a time could offer you the best rewards.

4. Be in it for the long term

Just as with regular stocks and shares, it can help to automate your crypto purchases to take advantage of pound-cost averaging.Most cryptocurrency exchanges, including Coinbase and Gemini, allow you to set up recurring buys.This is where crypto investors tell the platform to purchase a fixed amount of their preferred cryptocurrency every month – for example, £100 worth of bitcoin. It means they get a bit less of the currency when prices are high, and a little more when prices are low.

5. Automate purchases

Trading bots can be useful in some circumstances, but they aren’t recommended for beginners looking for crypto investment tips. Often, they are just scams in disguise.If real algorithm existed that timed your buy and sell trades to perfection, everyone would be using them!

6. Use trading bots

The latest research from UK regulator the Financial Conduct Authority showed that about 2.3m Brits own cryptocurrency in one form or another. It’s very easy to get caught up in the hype of news headlines. Crypto mistakes are startlingly common, and below we list some of them.

common crypto mistakes

Low prices do not always represent bargains. Sometimes prices are low for a reason! Watch out for cryptocurrencies with falling user rates.Often, too, developers leave a project and it stops getting properly updated, making the cryptocurrency insecure.

1. Buying just because the price is low

Some of the more suspect trading platforms suggest you should maximise your money by betting as much as possible. This is a quick way to the poor house.Better crypto investment tips would be to only use a certain proportion of your investing capital — say 5% — and always keep an emergency cash fund in an easy access savings account that never gets invested in the market.

2. Going ‘all-in’

There’s nothing easy about making money through trading any kind of financial asset, whether stocks and shares or commodities like silver and gold. The same can be said for cryptocurrency.Anyone who says different is probably trying to trick you into making crypto mistakes.

3. Thinking crypto is ‘easy money’

If you have a hardware wallet for storing your crypto offline, forgetting your keyphrase is like losing the keys to a bank vault.Without your keyphrase, all your cryptos will be irretrievable.

4. Forgetting your crypto keyphrase

The best crypto tips will tell you to stick with big name crypto wallets, such as Ledger, Trezor, Exodus or MetaMask.Dodgy or unknown wallets that you find on Google Play or the App Store can steal your crypto funds with dodgy code.

5. Malicious wallet software

With so many cryptocurrencies on the market, it can be difficult to tell what’s real and what’s not.When you invest in fake coins, criminals can steal your identity and often your hard-earned money. Don’t take anyone else’s word for it and use as many sources as possible to do your own research on coins before you buy them.

6. Fake coins

With this handy guide any beginner can learn how to come up with the best trading strategies and avoid common cryptocurrency mistakes. 

Cryptocurrency Mistakes & Tips

In 2021 alone, the volume sale of NFTs was $14 billion, making it a breakthrough year for the NFT market.Also, according to figures provided by NonFungible.com, last week alone, NFT transactions were worth $512 million.Moving on, here are the some useful marketing strategies that will make your NFT project successful in 2022.

NFT marketing Strategies 2022

According to stats rom smart insights, 57% of the global population use social media. In addition, the average daily use is 2 hours 30 minutes.Such stats show how crucial it is to use social media to promote NFT projects or arts.You just need to get the right users and show your work to get advantage . So plan your content carefully to get the most from it.

1. Social Media 

Thi platform is an excellent place to publish updates or news about your project for your current or potential investors.You can publish things like offers, drops, or collaborations. I mean, there’s no end to what you can post there.To boost your engagement:<ul><li>Use relevant tags. For example, #NFT or #NFTCommunity.</li><li>Like, repost, or comment on Tweets that are relevant to your NFT project.</li></ul>

-Twitter 

These two platforms enable crypto or NFT developers to create communities.And unlike other platforms, Discord and Telegram offer lengthy discussions instead of the usual news or updates. You can promote your project on Discord through live streams or requesting feedback from your community.

-Discord 

Doing interviews with NFT influencers is a great way to spread the word about your project. The interviews can be in a Q&A or ask me anything (AMA). It's basically getting the audience

2. Interviews 

Well, celebrities are influencers too. Their following guarantees you exposure to a broader market. That is, a market consisting of people from different economic classes.InBetweeners NFT project is a perfect example. They collaborated with Justin Bieber. This collaboration helped them to leverage his 114.2 million followers on Twitter.And as we speak, their final sale has sold out.Giving celebrities exclusive merchandise or a percentage of your revenue is one of the best ways to approach them for a collaboration

3. Collaborating with Celebrities

Listing your art or collections on popular marketplaces is an excellent way to boost sales.You can list them in popular NFT marketplaces like:<ul><li>OpenSea</li><li>SuperRare</li><li>Megiceden</li><li>Solanart</li><li>Foundation</li><li>Rarible</li></ul>

4. NFT Marketplaces

It’s a calendar for NFT events. It covers; NFT drops and exciting events across different industries.You can submit your drop on nftcalendar.io

5. NFT Calendar

Here, you can take advantage of the growing popularity of Metaverse to promote your NFT project.Cryptovoxels and Decentraland are some of the best crypto spaces at the moment.To add to that, collectors on those crypto spaces:<ul><li>Showcase their NFT collections</li><li>Socialize</li><li>Create virtual venues</li><li>Assemble for exhibitions</li></ul>

6. Crypto Spaces

A website makes it easier for potential clients searching for the latest NFT arts or projects through search engines to find your project.A website acts as an attraction point to potential buyers or a place for them to learn or know more about your project.

7. Website 

When people feel they are part of your NFT project, it establishes a great rapport between you and them. So, whichever marketing strategies you deploy, remember engagement comes first!

Conclusion 

Marketing NFTs isn’t a walk in the park, especially if it’s a new project.

World Wide Web

NFT Marketing Strategies 

A major change is coming to the internet. While today’s dominant platforms have guarded their troves of user data and maintained an advantage through network effects, new companies — working in what they’re calling a “Web3” model — are proposing a new value proposition to users. In Web3, instead of platforms having full control of the underlying data, users own whatever content they have created (such as posts or videos), as well as digital objects they have purchased, and these digital assets are typically portable.

Enter Web 3.0

This new paradigm has a few important advantages: it’s easier for new companies to compete with established ones if they offer better user experience; the system is less zero-sum, because user lock-in isn’t the primary goal; and it can be easier to win users’ trust, as key operations can be encoded on the blockchain in “smart contracts” that are auditable and immutable.

Advantages Of Web 3.0

Users’ ability to take their data from one platform to another introduces new sources of <a href="https://www.competitionpolicyinternational.com/can-web3-bring-back-competition-to-digital-platforms/">competitive pressure</a>, and likely requires firms to update their business strategies. If a platform isn’t creating enough value for its users, they might simply leave. And indeed, in Web3, new entrants can explicitly incentivize power users to move to them — for instance, the <a href="https://hbr.org/2021/11/how-nfts-create-value">NFT (for “non-fungible token”)</a> trading platform <a href="https://looksrare.org/">LooksRare</a> recently launched through what’s called a “<a href="https://blog.coinbase.com/vampire-attack-looksrare-vs-opensea-c3b4107cd4db">vampire attack</a>,” rewarding people for switching over from the dominant platform <a href="https://opensea.io/">OpenSea</a>.

Data Interportability

The costs associated with creating user trust are much lower in Web3. Managing digital assets on public ledgers makes it clearer which assets exist and who owns what, which was previously a struggle on the web.If a digital artist, for example, claims that a new artwork is limited to 489 editions, then prospective owners can verify that on the blockchain directly — without needing to trust the artist themself, or having a gallery or other intermediary provide such an assurance.

Creating Trust

Of course, given the early financial use cases of Web3 and the high volume of transactions, a number of bad actors have leveraged the hype to orchestrate <a href="https://web3isgoinggreat.com/?theme=hack">scams</a>. Many of the Web3 experiences today were designed for tech-savvy power users, whereas ordinary users might have only a limited understanding of what an app or platform can actually do, much less be able to vet source code to verify that it functions as described. There’s a long way to go before Web3 technology is safe and accessible to the average consumer.

A Scammy Start

Making platform backends open and interoperable enables compounding innovation and incentivizes direct investment in building the infrastructure layers.Sharing infrastructure means that apps can focus on building great experiences, driving towards a greater emphasis on platform design as a source of competitive advantage. What an app has understood about its market manifests in its user experience and interface — and so even in Web3, user insight will continue to differentiate consumer apps.

Open And Interoperable Platform

Web3 platforms also have the potential to unlock a novel and especially powerful form of network effect through community engagement and social cohesion. Ownership of digital assets fosters a sense of <a href="https://journals.sagepub.com/doi/10.1177/0022242920957007">psychological ownership</a> that can make consumers feel so invested in a product that it becomes almost an extension of themselves. A platform’s users literally become “fans” who form a bond through the shared platform experience — similar to how fans of a sports team or <a href="https://www.youtube.com/channel/UCs2RzWFCRCxCn-0UpKEdabg">obscure</a> <a href="https://www.youtube.com/watch?v=1zTbVRPh5EI">band</a> see themselves as a community.

Unlocking A New Kind Of Network Effect

Web3 has the potential to unlock a more valuable internet for everyone. New companies can build on Web3 infrastructure to create communities around their brands and product concepts much more easily than in previous iterations of the web. And even established platforms can leverage these forces by plugging into blockchain-based content networks and giving their users some ownership over their data.All of this means that the next era of the web will likely look a lot different — and more open — than the one we’re living with today.

The Bottom Line

A major change is coming to the internet. While today’s dominant platforms have guarded their troves of user data and maintained an advantage through network effects, new companies — working in what they’re calling a “Web3” model — are proposing a new value proposition to users. In Web3, instead of platforms having full control of the underlying data, users own whatever content they have created (such as posts or videos), as well as digital objects they have purchased, and these digital assets are typically portable. This new paradigm has a few important advantages: it’s easier for new companies to compete with established ones if they offer better user experience; the system is less zero-sum, because user lock-in isn’t the primary goal; and it can be easier to win users’ trust, as key operations can be encoded on the blockchain in “smart contracts” that are auditable and immutable. All of this means that it can be much easier to launch a product in Web3.

Why Build in Web3

The photos I take, the movies I buy, the music I rent, the emails I write and receive, the messages I send - all of these are captive. They exist within a database controlled by Google, Netflix, Spotify, Gmail, WhatsApp. If these services disappear, so does my ownership/rentership record. In a future where digital assets are worth not $10 or $20, but hundreds or thousands of dollars, ownership that survives a company becomes an essential substrate of commerce.

A permanent ownership record that exists beyond and outside a company

Internet hegemons have decimated entire spaces: social networks, advertising technology, video streaming and rental, paid email, infrastructure. Their economies of scale and network effects mount significant barriers to competition. What’s a startup to do? Compete on a different axis: reward users with tokens. A social network rewards its most valuable users in the coin of the realm. As the network becomes more valuable, so does the user’s stake in the company. Web3 companies employ tokens to reward their customers for providing value, giving startups the upper hand.

Paying customers in “equity.”

Twenty years ago, startups IPOed after 4 years. Today, it’s 12, driven by several factors but regulatory costs present the principal one. Crypto companies access pools of capital web2 companies cannot because the regulation doesn’t exist. Where nascent rules are present, the regulation isn’t yet a warren of legalese- yet. Within this freedom to maneuver, Defi protocols invent new financial instruments. The <a href="https://research.paradigm.xyz/cartoon-guide-to-perps">perp</a>, a perpetual swap, has become the most traded crypto derivative). Perps don’t exist outside crypto.

Regulatory arbitrage.

Open-source software is arguably the most important motive force powering innovation in technology. Open-source software powers every server and most software. Crypto empowers open-source projects to monetize their innovation in a way web2 never achieved. DAOs bind the loose community of open-source software contributors through tokens. Tokens provide an ongoing financial link that aligns long-term incentives. Foundations with significant token stakes fuel the ongoing protocol development, balancing the capitalism needed to fuel progress with the benevolence of the open-source ethos.

DAO/Foundations:

The fifth cluster of innovation benefits central banks, not startups.CBDCs (Central Bank Digital Coins) are programmable money: central bank digital coins enable a government to focus stimulus as granularly or as broadly as they like. Imagine a reserve bank stimulating the electric bicycle industry in the Kansas City metropolitan area by providing residents new US digital dollars that are only valid within bike shops in Kansas City.

Bonus: great for central banks

As I’ve explored web3 I’ve been forming a mental model of the major innovations powering this enormous wave of innovation. At the moment, I see four clusters:
 A permanent ownership record that exists beyond and outside a company. The photos I take, the movies I buy, the music I rent, the emails I write and receive, the messages I send - all of these are captive. They exist within a database controlled by Google, Netflix, Spotify, Gmail, WhatsApp.

Elaborating on the Need for Futuristic Thinkers

Cryptocurrency Mistakes & Tips

NFT Marketing Strategies

Why Build in Web3

Four Fundamental Innovations of Web3 that Will Upend Web2 Incumbents by @ttunguz

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