medallionxln

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Congratulations Komodo on the release of AtomicDEX 3rd generation. We did an amazing podcast talking about how this product further decentralizes blockchain interoperability. Swap any token or NFT from any blockchain.

https://youtu.be/Q1OxqCHMAmU

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@robbysoave @briebriejoy if you like Game of Thrones you guys are going to love @BannersNft project. #RT #Subscribe #LikeVideo the podcast talks @Loot @LootMmo @LootRealms #Lootverse

https://twitter.com/medallionxln/status/1596351031599779840?s=46&t=IxGrhDU5Tp54aqbRnj-8lQ

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#RT amazing podcast with @CoinMarketCap who explain how the working tirelessly to prevent another #FTXScandal @@SBF_FTX #SBF @cz_binance @cz_binance

https://youtu.be/CvjhfhRSf9w

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Blockchain, Metaverse & NFTs will revolutionize the roles Will Smith take on in the future. If Will Smith was an NFT collection, roles such as i Robot, Independence Day & Fresh Prince will be 3D avatars that can be sold as NFTs. The owner of these NFTs could join the Metaverse as these 3D models.

Read more https://medallionxln.substack.com/p/will-smith-slapped-the-shit-out-of?s=w

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“Most people consider their NFT buys as an investment. Gambling that their asset will increase in value. Allowing them to buy some tangible assets. For some it’s to help unknown artists garner attention.”

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Is Kanye West a creative genius or a menace?

“Why not give Kanye his props? Kanye West is a genius and he’s been fearless about pursuing and accomplishing his goals. The Metaverse, Blockchain & NFT’s vision for the future is to create trustless verification when transacting items of value. We’re living in a time when music is undervalued. Spotify currently pays its artist $0.003/stream. That means that an artist with $1 million streams is only making $3000. As a collective society can we honestly agree that a musician’s creative output is only worth $0.003 while a pixelated Monkey is worth $3 million?” — continue reading ->

https://medallionxln.substack.com/p/is-kanye-west-a-creative-genius-or?s=w

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My knowledge of crypto has definitely increased over the last several years. And yet I often feel as lost and confused as I was a decade ago when I first heard the term Bitcoin. Dwayne introduced me to bitcoin. And tried to explain the concept and construct of cryptocurrency. I was certain he was speaking Klingon or some other galactic language. I just couldn’t wrap my head around this crypto/bitcoin scenario. Digital currency? It’s not really a physical coin. What are you talking about? You can miss me on that my friend.

Dwayne and others encouraged me to invest in bitcoin.  However, my conventional investment knowledge and plethora of questions kept me sidelined. Is it really legit and legal? How and where do you buy it? How do you cash it out for “real money”? These were just several of a thousand questions that ran through my mind.

Fast forward to the first wave of Covid 19. My employer temporarily shut down as all non-essential businesses did in California. During this down time I was introduced to Forex Trading. By this time I was much more familiar with cryptocurrencies. In particular Bitcoin and Ethereum. And found that they were part of the Forex trading menu. In researching the differences between those two digital currencies,  I became more aware of this emerging new digital currency world. Including blockchain technology. While I certainly couldn’t teach a class on crypto. I’ve gained just enough knowledge to understand the conversation and controversy. At least I thought I had. Then came NFTs.

Follow Medallion XLN as we provide commentary on the Metaverse, Blockchain and Artificial Intelligence. We are also building tools to help users monetize the internet.

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Notes from Mark Zuckerberg's interview with Lex Friedman

Jules: Describe what Marcellus Wallace looks like!

Brett: What, I-?

Jules: [pointing his gun] Say what again. SAY WHAT AGAIN. I dare you, I double dare you, motherf%$ker. Say what one more godd*mn time.

Brett: He's b-b-black...

Jules: Go on.

Brett: He's bald...

Jules: Does he look like a b*tch?

Brett: What?

[Jules shoots Brett in shoulder]

Jules: DOES HE LOOK LIKE A B*TCH?

Brett: No!

Jules: Then why you try to f%$k him like a b*tch, Brett?

Pulp Fiction (1994)

In a previous article, I wrote about how college dropout Mark Zuckerberg’s success with Facebook convinced me to drop out of college as well. After all, college didn’t promise me a high-paying job, a successful career, or even the possibility of a career at all, but it did promise me student loan debt backed by the US government. That scene from Pulp Fiction played in my mind when I heard that Mark became the youngest self-made billionaire ever by betting on himself, “Do I look like a B*tch?” So I dropped out and started my own business. To say that Mark Zuckerberg has influenced my life is an understatement. Lex Friedman’s latest podcast with Mark allowed me to gauge his long-term goals for the Metaverse and gleam key takeaways about his plans.

The first key takeaway reveals Mark’s unique approach to developing technology. He sees himself as a Tech Psychologist and believes that what makes him different from other Silicon Valley CEOs is his emphasis on how the product works with the user’s psychology. We can trace the DNA of this philosophy through products as early as Facebook. The “Like-Button” creates a psychological feedback loop that is a badge of honor that displays the user’s popularity. His specific approach to the metaverse is to simulate the feeling of presence in this artificial environment. Part of simulating that feeling of presence is honing in on small details. Mark Zuckerberg for example, highlights the importance of having eye contact in the artificial world. The peer-to-peer immersive experience requires the ability to look someone in the eye and know that person is looking back at you. As opposed to Zoom calls that show everyone looking straight ahead. Eye contact as well as other small gestures seem to be his focus to sell the illusion of presence. Mark also highlights the importance of hands not needing arms to feel like an extension of the body in a virtual world. Yet providing haptic feedback when interacting with inanimate objects such as tables and chairs goes a long way to sell the experience.

Another interesting observation was how he viewed the metaverse itself. Mark Zuckerberg views the metaverse as a period where people spend the majority of their time in immersive digital worlds. As opposed to an addition to people’s already immersive digital experience such as using apps on their phone. Mark sees the metaverse as an extension of a person’s already immersive digital life. I’ve always admired, Mark’s foresight when building Facebook to be extremely scalable to export those internal tools to the public. Tools such as ReactJs & GraphQL greatly assist web developers when building full-stack applications. So it intrigued me to learn that Meta is working on an artificial intelligence builder bot that uses voice commands to build virtual worlds. Every feature in the previous sentence should excite developers. Voice Commands have been at the center of Science Fiction for many decades. In a movie when the hero interacts with his electronics, he simply speaks to them. Along with the metaverse, Meta could accidentally create an entirely new industry solely focused on Voice Commands. The system also uses AI to change the art of environments to resemble different art styles such as comic books or video games. This expands the possibilities available to storytellers to create worlds that look and feel unique.

Meta has put significant thought into the role of avatars. They are creating a path for both photorealistic and expressive avatars that have their use cases in different scenarios. For example, the expressive avatars could be used in social environments as built-in ice breakers. Examples include showing up as a meme or your favorite cartoon character. Photorealistic avatars instead will be used to attend work meetings and other professional activities. Mark has put considerable thought into the economics of the avatar, including what clothes it would wear and the necessity to allow users to shop for new clothes. He even sees NFTs as a valid solution for monetizing an avatar marketplace.

Overall, I think this is Zuckerberg’s thing, he owns it. From developing the Occulus to feel “human-like”, to sinking billions of dollars to make the metaverse a thing, this is his baby. I honestly can’t say I’m as passionate about the metaverse as he is. I see the value he brings by building up an industry in its infancy to a mainstream audience. As this industry grows up to become the dominant way we interact online, many billionaires will be minted. Any entrepreneur that catches this wave and can carve out their slice of heaven will be decently rewarded for many generations to come. Still, I’m just not sold. Mark Zuckerberg is attempting the Herculean task of trying to recode society’s habits. He will spend billions of dollars on this industry to convince people to join the metaverse but it’s still anyone’s game. My doubt isn’t around if Meta’s marketing dollars would convince people to join the metaverse but if Meta would be the one to reap those benefits. After all, Meta isn’t the only player competing in this space. When Apple releases their VR goggles later this year, with their track record for quality and an already extensive app marketplace, Meta could run into an unstoppable force. I’m also disappointed how Mark doesn’t have an extensive plan for Blockchain or Smart contracts. He mentioned how he would like to look into NFTs for an avatar economy but what about the use cases that projects such as Decentraland provide? The ability to buy virtual real estate could become a massive industry. When we are talking about Meta’s ability to compete with Apple, they need every edge they can carve out. We don’t want another failure like Libra.

Follow Medallion XLN as we provide commentary on the Metaverse, Blockchain and Artificial Intelligence. We are also building tools to help users monetize the internet.

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The past 6 months have been a rollercoaster…to say the least. As a country, we have struggled with the Omicron variant, supply chain issues, a rising housing market, remote work, and an armed conflict in Europe. These issues by themselves are harbingers for a poorly performing stock market. Collectively, they can create chaos. When I look at the markets, they have actually been able to weather these storms quite well. My belief is that investors have become accustomed to these types of events and how they can influence the markets, and many of them will stick to their long-term investment strategies. So does this mean that more knowledgeable investors seem to help stabilize the markets? Here is how some of the major indices have performed in the past 6 months (as of 2/23/22):

Dow Jones:  -6.16%

S&P 500:  -4.61%

In contrast, some of the largest cryptocurrencies have significantly underwhelmed in the past 6 months:

Bitcoin:  -21.86%

Ethereum:  -19.87%

In my research, many investors are buying cryptocurrencies because of FOMO (Fear Of Missing Out).  Right now, retail platforms have not fully embraced the use of these currencies, so people are just buying them to fill out their portfolios and when bad news hits the wire, novice investors, like myself, tend to pull out. So how can this market become stabilized? I know this for sure...once I can use these currencies to buy my kid that G.I. Joe with the Kung Fu Grip, that’s when this market will really take off!

Follow Medallion XLN as we provide commentary on the Metaverse, Blockchain and Artificial Intelligence. We are also building tools to help users monetize the internet.

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