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How the Metaverse Could Save Cultural Institutions
How the Metaverse Could Save Cultural Institutions
By: Chris Cummings, CEO & founder of Iconic Moments
Museums and cultural institutions are in trouble. At the onset of the COVID-19 pandemic, these institutions learned that the typical business model of earning revenue through in-person ticket sales, event rentals and once-a-year galas was too fragile to be sustainable. In March 2020, it was estimated that 15 percent of the world’s museums would…
with facebook now moving into web3 and potentially onboarding billions of people to crypto, it’s more important than ever for everyone to learn what this is all about.
crypto was built on the idea of decentralization, and as major corporations move in, there is a risk of centralized crypto becoming the norm. this would give too much power and control over to too few people, and i don’t believe it would be in our best interests to see this happen.
if you’ve been thinking about looking into any of this but have been putting it off, take this as your sign to get started now. learn about web2 vs web3, decentralization, and the different purposes for each blockchain. there is truly something for everyone, whether you’re a pure investor, an eco-activist, a humanitarian, an artist, a tech builder, or anything else. it’s an extremely diverse and powerful ecosystem, and i know you’ll find something in it that resonates and excites you.
web3 is inevitable, and you have an unprecedented opportunity to help built and shape it into what you believe it should be like. if you’re tired of being studied and monetized by platforms, influenced at, advertised to, and all the rest of it, get involved! because of web3, things can be different! — but the opportunity and power it gives us all absolutely will be used by corporations if we do not claim it.