A metaverse owned by companies taking a cut will never reach its full potential. Open metaverses built on decentralised blockchains unlock new possibilities for creativity and commerce that would not be realised in a centralised experience. Randy Ginsburg contrasts two organisations building the early stages of that vision.
Billions are lost to scams in web3. One of the most underappreciated is the simple theft of digital art and selling it as your own. Everyone else suffers: artists, who are not compensated for their work, and collectors, who thought they were joining an artist's community. Ekin Genç explores DeviantArt's Protect Protocol, which has alerted artists to over half a billion potential thefts.