Words matter. “The limits of my language means the limits of my world,” Ludwig Wittgenstein famously wrote. This is one of the reasons why I welcome the recent discussion about words to describe end-user use cases and technological developments in the crypto community. Crypto – do we still use that word? (Yes.)
https://twitter.com/jessepollak/status/1764742947218858477
Base has recently started using ‘onchain‘ to describe many of the phenomena previously associated with the term 'web3' - a word I've increasingly tried to avoid after the last cycle. It can have a pretentious connotation and lead to negative reactions. During a panel at Bright Moments Paris, I also learned about the history of the hyphen in technology penetration: many technological concepts have in common that as they evolve and get closer to mass adoption, they drop the hyphen if they have one. E-mail became email, on-line became online. Now it's ‘onchain'. Other words get dropped completely as the technology matures, like cyberspace or information superhighway in the early days of the World Wide Web.
Words matter. They also construct our worlds. 'NFTs' and 'crypto' are seen differently people's eyes than 'digital collectibles' and 'onchain'. At 0xNXT, the creative studio for Mercedes-Benz's onchain digital art and digital collectibles activities, we have been using the term 'digital objects' instead of 'NFTs' since our launch in May 2023. This seemed to us to be the more accessible term. Of course, we use "blockchain-based" and "blockchain technology" when we go one level deeper into the technology, but we have learned that explaining the use case ("What is unique and what can I do with it?") is a better onboarding than the technological background.
Concepts and words evolve. Some are dropped, others stick. It will be very interesting to see how sticky 'onchain' is during the approaching bull market.
Words matter. “The limits of my language means the limits of my world,” Ludwig Wittgenstein famously wrote. This is one of the reasons why I welcome the recent discussion about words to describe end-user use cases and technological developments in the crypto community. Crypto – do we still use that word? (Yes.)
https://twitter.com/jessepollak/status/1764742947218858477
Base has recently started using ‘onchain‘ to describe many of the phenomena previously associated with the term 'web3' - a word I've increasingly tried to avoid after the last cycle. It can have a pretentious connotation and lead to negative reactions. During a panel at Bright Moments Paris, I also learned about the history of the hyphen in technology penetration: many technological concepts have in common that as they evolve and get closer to mass adoption, they drop the hyphen if they have one. E-mail became email, on-line became online. Now it's ‘onchain'. Other words get dropped completely as the technology matures, like cyberspace or information superhighway in the early days of the World Wide Web.
Words matter. They also construct our worlds. 'NFTs' and 'crypto' are seen differently people's eyes than 'digital collectibles' and 'onchain'. At 0xNXT, the creative studio for Mercedes-Benz's onchain digital art and digital collectibles activities, we have been using the term 'digital objects' instead of 'NFTs' since our launch in May 2023. This seemed to us to be the more accessible term. Of course, we use "blockchain-based" and "blockchain technology" when we go one level deeper into the technology, but we have learned that explaining the use case ("What is unique and what can I do with it?") is a better onboarding than the technological background.
Concepts and words evolve. Some are dropped, others stick. It will be very interesting to see how sticky 'onchain' is during the approaching bull market.
m3taConsumer Product Moment
One reason centralized exchanges have flourished is because of the high access barriers today's self-custodial solutions, wallets and hardware security devices, still have. We have seen where this approach has led us. Self-custody software interfaces are still rudimentary, can be confusing and current hardware security devices are clunky, look like USB sticks (which can distort the perception and make it look like the owned assets are actually stored on the device, like a hard drive) and...
m3taThoughts on Wolf Game
Recently, Wolf Game launched their second mini-game (or pre-game): Cave Game. This is their first 3rd-person-view game, after the previous mini-game Alpha Game was interface-only, where users could stake their NFT assets in one of several Wolf Packs to compete for $WOOL — the game's native currency, which can then can be used to buy digital objects within the game’s internal economy in the yet-to-be released full game. Risk-based NFT Games Wolf Game was a pioneer in combining NFT and DeF...
m3taConsumer Product Moment
One reason centralized exchanges have flourished is because of the high access barriers today's self-custodial solutions, wallets and hardware security devices, still have. We have seen where this approach has led us. Self-custody software interfaces are still rudimentary, can be confusing and current hardware security devices are clunky, look like USB sticks (which can distort the perception and make it look like the owned assets are actually stored on the device, like a hard drive) and...
m3taThoughts on Wolf Game
Recently, Wolf Game launched their second mini-game (or pre-game): Cave Game. This is their first 3rd-person-view game, after the previous mini-game Alpha Game was interface-only, where users could stake their NFT assets in one of several Wolf Packs to compete for $WOOL — the game's native currency, which can then can be used to buy digital objects within the game’s internal economy in the yet-to-be released full game. Risk-based NFT Games Wolf Game was a pioneer in combining NFT and DeF...
Share Dialog
Share Dialog
Subscribe to m3ta
Subscribe to m3ta
<100 subscribers
<100 subscribers
No activity yet