1/ Culture & its development in #web3 #openmetaverse #NFTs is the foundational building blocks of a true digital #metaverse economy powered by #blockchain a 🧵👇following talks at #OuterEdge2023 #ParisBlockchainWeek #nftparis decrypt.co/videos/live-ev… @decryptmedia @animocabrands
2/ Production of arts & cultural goods in the US is already a close to trillion dollar industry employing over 5 million people, direct participation in the industry of culture is already a critical component of any thriving economy today arts.gov/news/press-rel…
3/ However when you consider the impact #arts & #culture have in other industries it becomes clear that culture is the foundation of most of our economic activity from retail, gaming, entertainment and even outdoor recreation. 
4/ Owning a @BoredApeYC vs @Hermes_Paris Birkin handbag is not that different, the base utility is rarely the primary reason you buy it. Its value is already 99% virtual as it forms part of our identity, its network & culture. The same is true of where we live, clothes etc.
5/ The #openmetaverse #web3 is a virtual economy. A thriving & sustainable economy requires strong culture development. When you consider the trillions of dollars that is spent on culture in our economy today, in #web3 terms you could say that #culture is the biggest TVL
6/ Creators are the backbone of our culture and in turn the backbone of our economies & that of the #metaverse. The foundation of our ownership and rights of our digital culture is through #NFT which is why we describe #NFTs as a store of culture cointelegraph.com/news/nfts-offe…
7/ Which is also the reason why protecting fees and royalties is so important to developing the culture ecosystem and economies of the #openmetaverse
https://twitter.com/animocabrands/status/1635221315778117632?s=20we firmly believe that #cryptoculture will lead growth and mass adoption to #web3
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