Tag: NFT

Categories
Cryptocurrency Education

WEB3 in Education: What happens when we use DAO’s

What is WEB3

Web 3.0 (also known as web3) is the third iteration or version of the Internet that interconnects data in a decentralized way to deliver a faster and more personalized user experience. It offers a read/write/own version of the web, in which users have a financial stake in and more control over the web communities they belong to. Web3 promises to transform the experience of being online as dramatically as PCs and smartphones did. 

What’s the difference?

  • Web 1.0 is a read-only web where people can read information written on websites.
  • Web 2.0 is a read-write web where people can read and write content on websites and applications.
  • Web 3.0 is a read-write-interact web (powered by artificial intelligence) where people can read, write and interact with content, including 3D graphics, on websites and apps.
Web3

The key features of Web3 are:

  • Open – It’s ‘open’ in the sense that it’s made with open-source software developed by an open community of developers and in full view of the public.
  • Trustless – The network offers freedom to interact publicly and privately without an intermediary exposing them to risks.
  • Permissionless – Anyone, including users and providers, can engage without the need for permission from a controlling organization.
  • Ubiquitous – Web 3.0 will make the Internet available to all of us, at any time and from any location. At some point, Internet-connected devices will no longer be limited to computers and smartphones, as they are in web 2.0. Because of the IoT (Internet of Things), technology will enable the development of a multitude of new types of connected gadgets.

What is a DAO?

DAO, Decentralized Autonomous Organization, is formed when a group of people decide to abide by certain rules to meet common goals. These rules are written into codes of the organization on the blockchain. This gives the community voting rights for how the DAO is run.

What does this mean for Education?

Education system can use DAO’s in many ways.  They would be able to vote on critical decisions like curriculum, assessments, and allocation of budget. Everyone would need to think equally about the success of the school and the happiness of it’s population in order to continue operating.

ED3 DAO

Ed3 DAO is a global community reimagining education, with web3. The first DAO for educators, by educators.

I am excited to know a few other awesome connected educators, and excited that I will be attending the ED3 DAO UnConference in November!

Web3
The Ed3 Unconference is a virtual, gamified, learning & networking experience focused on web3, & contextualized for education.  

Discussions between innovators in web3 & experts in education about the utility (& risks) of blockchain, metaverse, NFTs, & cryptocurrency in education

Practical sessions on how the web3 ecosystem is impacting the workforce

Ideation & collaboration on the future of education
https://www.ed3dao.com/

There is so much happening in our society, so many changes and this is just the beginning of a transformation in education. I am so excited to be on this journey and learn more!

Categories
Cryptocurrency

NFT 2022

In February I hosted a Crypto Art Series webinar that discussed what NFT’s are. We had a great turn out, and there were still more people who couldn’t make it that wanted to learn more!

Since there is a lot of hype around the NFT scene, and a lot of people are still unsure what it’s all about I am going to share a few slides from our webinar.

NFT stands for Non-Fungible Token.

Non Fungible

A dollar is FUNGIBLE. A piece of art is NOT.

NFT

They do not have to be solely digital, and can represent ownership of physical property as well, such as real estate.

SMART CONTRACTS

Smart contracts are a way to verify that the transaction has been completed as written.

KEY CHARACTERISTICS

UTILITY

NFT

There are MANY utilities for NFT’s. Collecting artwork is just one of them.

Look out for the next blog that will discuss how NFT’s fit into the art world.

Categories
Cryptocurrency Art Most Popular

NFT Art

Spirituality in Art Education

There is so much hype going on around the NFT art scene.

An artist that goes by BEEPLE sold one of his NFT art collections at Christies auction for $69 million, the first time ever a digital work of art was sold at Christies!

NFT Art by BEEPLE

Kings of Leon released their newest album as an NFT with special perks, generating over 2 million in sales.

Kansas City Chiefs quarterback Patrick Mahomes will sell NFTs of digital artwork. “The Museum of Mahomes,” will launch March 17 on the digital art market MakersPlace.  Mahomes will donate part of the proceeds to his foundation called 15 and the Mahomies as well as the Boys & Girls Clubs in Missouri.

So what is NFT art?

NFT stands for Non-Fungible Token… A unique digital file stored on a digital ledger called a blockchain. NFTs are not mutually interchangeable and thus are not fungible. An NFT is created by uploading a file, such as an artwork, to an NFT auction market.

Basically, it is a smart contract that is put together using bits of open source code, which anyone can find from platforms like GitHub, and used to secure that digital item. Then minted, or permanently published, into a token on a blockchain, like Ethereum.

Some sites you can use to mint an NFT are:

Any digital asset that the creator wants to make unique can become an NFT, like articles or event tickets.

Once the NFT is purchased, the owner has the digital rights to resell, distribute or license the digital asset as they please. The creator can program code for how it gets used, and write in any extra bonus’ for the purchaser. NFT creators also have the opportunity to earn royalties off of future reselling transactions.

Things to consider

So there are many uncharted territories when it comes to this digital crypto reality. There are many questions about the carbon foot print of minting an NFT, this is because cryptocurrencies and blockchain are run through an algorithm called Proof-of-Work (PoW). Things in the blockchain world are shifting and changing fast! Proof-of-Stake is happening soon.

Proof-of-Stake (PoS) concept states that a person can mine or validate block transactions according to how many coins he or she holds. This means that the more Bitcoin or altcoin owned by a miner, the more mining power he or she has.

This uses less energy, but it also allows those who hold THE MOST coins to have more power. This is less decentralized then PoW, however there are benefits that we must allow to out-weight the cons, because this is not going away. Blockchain technology is the new digital paradigm. Just like our current system was the new paradigm to the “founding fathers”.

So yeah NFT’s are like collecting digital baseball cards, and are selling for extremely high prices to people who have the crypto to buy them.

But artists can also use NFT’s to create rare one of a kind pieces for their patrons. For example, an image of an actual painting can be sold as an NFT, and with the token the purchaser receives the actual painting. Some artists are also adding bonus’ to the purchase, where you receive a video of the work being created! I really like how artists are adapting to this technology and making it work for them and their patrons!