Summary of Shelly Palmer #Web3Wednesday | October 12, 2022

00:00:00 - 00:45:00

In this video, Shelly Palmer discusses some of the latest news and events in the world of technology. She talks about the potential applications of virtual reality and augmented reality, and how these technologies could change the way we work and learn. She also discusses the SEC's investigation of Yoga Labs, and how the world is moving towards a digital economy.

• 00:00:00 Shelly Palmer discusses some of the recent news and events, including Dropbox's move to another location, deep fake technology, and podcasting.
• 00:05:00 The video features Shelly Palmer discussing a 1499 dollar VR headset that is being released by a company called Meta. The headset is said to have "more like the well" of an Oculus Quest 2, with extra fun toys.
• 00:10:00 Shelly Palmer discusses the potential applications of virtual reality and virtual worlds, highlighting the possibility of using them to improve workflows. She believes that this technology will become more prevalent in the future, but that it will require a specific use case to really take off.
• 00:15:00 Shelly Palmer discusses the pros and cons of reading, watching videos, and listening to audio versus seeing and experiencing things in person. She cites the example of car mechanics, where it is more beneficial to use hands-on training rather than relying on simulators. She also points out that for some people, such as pilots, training may be both entertaining and educational. She says that for most people, however, training is more beneficial when it is entertaining as well as instructional.
• 00:20:00 In this video, Shelley Palmer discusses the potential for future technology, specifically in the area of augmented reality and streaming data. She also discusses the SEC's investigation of Yoga Labs.
• 00:25:00 Shelly Palmer discusses the difference between non-fungible tokens (NFTs) and traditional assets, highlighting that an NFT's intellectual property (IP) is a derivative of the original work. She goes on to explain that because of this, an NFT project like Board Apes grant intellectual property rights to each buyer, making it difficult for Yuga Labs to sue for copyright infringement.
• 00:30:00 Shelly Palmer explains that while the world is moving towards a digital economy, there are still some questions about how government-issued cryptocurrencies will work. She suggests reading Satoshi Nakamoto's white paper, which was written in 2008-2009.
• 00:35:00 The White House has released a comprehensive framework for responsible development of digital assets. While the announcement is alarming, it's important to remember that there are companies that would be able to create these types of technologies.
• 00:40:00 Shelly Palmer discusses how the hype around virtual worlds has died down, and how Kim Kardashian got sued for not disclosing that she was paid to do a post.
• 00:45:00 Shelly Palmer discusses the area of blockchain development, which is still in a "delusional stage." She also discusses the hype surrounding virtual worlds, mentioning metaverse as an example. Palmer says that the meaning of metaverse is still unknown, but that it may one day have a meaning to those in the know.