The word "Metaverse" can get thrown around very loosely in this space so, by using @a16z's blog on the "7 Essential ingredients of a Metaverse" as reference, I thought I would go through the differences.
I'll link to the full blog at the end 👇 🧵
@a16z 2/ The term "Metaverse", though often used prior, really came into prominence in 2021, accelerated by Facebook's rename to Meta.
However, the idea of entering a world built by technology comes very close to what we already experience in modern games with Virtual Worlds.
Metaverses should have a decentralised, transparent structure, that maintains the benefits of #Web3, where users accrue value and can have a say in the direction of how it should evolve and be run.
@a16z 4/ Contrastingly, Open World games like GTA or Sims are corporate run, with little say in direction, low transparency and value goes to the centralised authorities behind them instead of being distributed to its users.
@a16z 5/ @a16z also mention the difference in property rights.
Consumers have grown accustomed to "renting" their property in games and Virtual Worlds, they spend thousands on skins and add-ons but have no ownership of them in the real sense, they cannot trade/sell them on.
@a16z 6/ #NFTs offer a solution to this and so have become a key element of the developing Metaverses.
However, consumers are having a hard time understanding these benefits, as @Ubisoft has found with their Ubisoft Quartz which has seemingly had a tough time so far.
@a16z@Ubisoft 7/ Another interesting point that a16z makes is that a #Metaverse does not need to exist in VR/AR as mainstream media pushes, claiming it is just a way to sell hardware.
Instead, the focus is on creating immersive experiences with web3 foundations.
@a16z@Ubisoft 8/ In the space, we currently see a tonne of variation in the specific "Metaverses" that people are building.
Instead of answering individual DM's, I thought it might be helpful for people trying to get a job in Web3 to make a thread on how I ended up with the role of @nansen_ai Intern.
I’ll break it up into 4 categories.
TLDR at the end too 🧵 👇
@nansen_ai 1/ My very brief, relevant, non-Web3 background:
I studied business and have a post-grad degree in law as I had an initial intention to move into Legal Tech.
During my studies I also worked as a Social Media Manager for a small cafe.
@nansen_ai I’ve always been fascinated in learning about business, money, technology and challenging traditions.
This led to me being very stubborn in terms of not wanting to work for traditional corporations that I feel will be replaced.
1/ Using @nansen_ai, I saw that the 5th largest $ETH holder is a wallet with the ens "sendmesomeethplease.eth".
It holds 1.9 Million ETH (Currently valued at ~$3.8billion).
Let's *jump* into it, it gets interesting... 🧵
@nansen_ai 2/ Through Nansen, we can see that the trading activity is, by large majority, done in the late evening UTC (likely an American) and during weekdays, with Friday being their favourite.
@nansen_ai 3/ Using @etherscan to go back to its earliest $ETH transactions, two things stand out.
Firstly, the three large transactions from mid Feb 2019 totalling ~207,544 ETH, funded from another wallet 0x442d.
At the time, this was worth ~$25,100,000, now $415,088,000.
1/ Copenomics: A series of threads on how you could've made it in the past year 🤑
Next up - $LUNA 🌕
2/ As before, let's hit you with the % first.
If you had bought $LUNA on the 1st Jan 2021, and then big-brain sold the (current) top at the beginning of April, you would have made a gain of ~18,366%.
$1000 would have turned into $183,660 💀
3/ The amazing thing about $LUNA was how, for a large part of the past year, it gave no shits about the PA of the rest of the market.
From July 21st, when $BTC started recovering, to April 6th (the current $LUNA top), BTC saw an increase of ~44% while LUNA climbed ~1862%.
1/ Time for a short alpha thread 🧵 on finding Private Sale Investors on @nansen_ai from our recent Office Hours ep with @Not3Lau_Capital 🔥
2/ After previously spotting $LOKA on the home dashboard, @Daryllautk looks at the Top Transactions list for the token and sees various wallets including BlockTower Capital and Sequoia Capital India 👀
3/ However, he also spots one of the largest transactions was to an unknown wallet and finds that it was funded by the League of Kingdoms Arena: Deployer Wallet (Nansen labelled 😏).
This infers that it is likely to be a Private Sale Investor wallet receiving the tokens.