npressfetimg-4982.png

Metaverse, Web3, NFT, DAO: A Guide to 2021’s Tech Buzzwords – Gadgets 360

This year, tech CEOs drew inspiration from a 1990s sci-fi novel, Reddit investors’ lexicon seeped into the mainstream as “diamond hands” and “apes” shook Wall Street, and something called a DAO tried to buy a rare copy of the US Constitution.

If you’re still drawing a blank as 2021 wraps up, here’s a short glossary:

Metaverse

The metaverse broadly refers to shared, immersive digital environments which people can move between and may access via virtual reality or augmented reality headsets or computer screens.

Some tech CEOs are betting it will be the successor to the mobile Internet. The term was coined in the dystopian novel “Snow Crash” three decades ago. This year CEOs of tech companies from Microsoft to Match Group have discussed their roles in building the metaverse. In October, Facebook renamed itself Meta to reflect its new metaverse focus.

Web3

Web3 is used to describe a potential next phase of the internet: a decentralised Internet run on the record-keeping technology blockchain.

This model, where users would have ownership stakes in platforms and applications, would differ from today’s internet, known as Web2, where a few major tech giants like Facebook and Alphabet’s Google control the platforms.

Social audio

Tech companies waxed lyrical this year about tools for live audio conversations, rushing to release features after the buzzy, once invite-only app Clubhouse saw an initial surge amid COVID-19 lockdowns.

NFT

Non-fungible tokens, which exploded in popularity this year, are a type of digital asset that exists on a blockchain, a record of transactions kept on networked computers.

In March, a work by American artist Beeple sold for nearly $70 million (roughly Rs. 530 crore) at Christie’s, the first ever sale by a major auction house of art that does not exist in physical form.

Decentralisation

Decentralising, or the transfer of power and operations from central authorities like companies or governments to the hands of users, emerged as a key theme in the tech industry.

Such shifts could affect everything from how industries and markets are organised to functions like content moderation of platforms. Twitter, for example, is investing in a project to build a decentralised common standard for social networks, dubbed Bluesky.

DAO

A decentralised autonomous organisation (DAO) is generally an Internet community owned by its members and run on blockchain technology. DAOs use smart contracts, pieces of code that establish the group’s rules and automatically execute decisions.

In recent months, crowd-funded crypto-group ConstitutionDAO tried and failed to buy a rare copy of the US Constitution in an auction held by Sotheby’s.

Stonks

This deliberate misspelling of “stocks,” which originated with an Internet meme, made headlines as online traders congregating in forums like Reddit’s WallStreetBets drove up stocks including GameStop and AMC. The lingo of these traders, calling themselves “apes” or praising the “diamond hands” who held positions during big market swings, became mainstream.

GameFi

<…….

Source: https://gadgets.ndtv.com/internet/features/metaverse-web3-nft-dao-2021-tech-buzzwords-guide-2662491

Leave a Reply

Your email address will not be published. Required fields are marked *

Releated

npressfetimg-6250.png

The Best Viral TikTok Gadgets of 2021 – msnNOW

Let’s be honest: You made some purchases this year thanks to TikTok (join the club). There really isn’t a better way to find out about some of life’s greatest hacks and timesavers than a viral clip highlighting a gadget. From clever ways to chop a watermelon to the best family-approved carpet cleaner—there are so many amazing TikTok finds out there….but there’s also a lot of noise.

To help narrow down your search, we rounded up our favorite gadgets from videos we watched over and over again. We even included a smart toaster that ensures your morning and toast are golden. Think of this as a recap of the best moments of 2021 that we’re sure to bring with us going into the new ye…….

npressfetimg-6226.png

Best of CES 2021: Where Are These Award-Winning Gadgets Now? – Yahoo Lifestyle

When it comes to showcasing innovative products that influence the future of tech, CES is the king of the hill. If you want to debut an exciting new gadget, there’s no place to do it better than the Consumer Electronics Show, the annual conference in Las Vegas where technology companies show off their upcoming products. With CES 2022 nearing, everyone’s eager to see the latest and greatest that the consumer electronics space has to offer.

Every year we get to discover exciting new products at CES, and 2021 was no exception.

We ended up awarding 15 products across various categories in our annual Best of CES awards. While there’s no denying that CES is the place where pne…….