class: center, middle, inverse, title-slide # The Common Denominator Between Crypto-assets, Crypto-currencies, Web 3.0 and NFTs: The Blockchain ### Thierry Warin, PhD | HEC Montréal & CIRANO --- class: inverse, center, middle <img src="https://img.cryptokitties.co/0x06012c8cf97bead5deae237070f9587f8e7a266d/651542.svg" width="90%" style="display: block; margin: auto;" /> --- - Genesis is a CryptoKitty that was born on November 22, 2017 and sold a few weeks later. Apparently it has not been put up for sale since. - The owner of Genesis purchased this CryptoKitty for roughly 247 Ethereum (about \$120,000 CAD in 2017), close to \$1,000,000 Canadian dollars. - Other CryptoKitties are going for prices in excess of $1,000,000. > So NFTs as a digital asset that range from cats, online social media posts and tweets, baseball cards and artwork, just to name a few. --- class: center, middle <a href="https://www.coindesk.com/coindesk20/"> <img src="figures/topcrypto.png"/> </a> --- class: center, middle <a href="https://trends.google.com/trends/explore?geo=CA&q=%2Fm%2F0vpj4_b,nft,%2Fg%2F11g0g4sbp3,bitcoin,%2Fm%2F0108bn2x"> <img src="figures/trends.png"/> </a> --- class: center, middle ### Satoshi Nakamoto <a href="https://nakamotoinstitute.org/static/docs/bitcoin.pdf"> <img src="https://nakamotoinstitute.org/static/img/bitcoin/privacy.svg"/> </a> --- class: center, middle <img src="https://metro.co.uk/wp-content/uploads/2021/12/PRC_214503604.jpg?quality=90&strip=all&zoom=1&resize=644%2C338" width="100%" style="display: block; margin: auto;" /> --- class: center, middle <img src="./figures/web3a.png" width="90%" style="display: block; margin: auto;" /> --- class: center, middle <img src="./figures/bitcoin.png" width="90%" style="display: block; margin: auto;" /> --- ### Web 3.0 - Web 3.0 focuses on decentralization, the Internet of Things, virtual reality and more. - Decentralized applications (dApps) - Blockchain technology --- ### From Web 2.0 to Web 3.0 with NFTs? - Web 1.0 - Web 2.0 - Web 3.0: NFTs and blockcchain --- ### Digital asset typology and asset tokenization Digital assets must be recorded on a blockchain. Below are a few categories of digital assets that are fairly standard in the industry: - Payment tokens - Stable tokens - Utility tokens - Security tokens --- ### Digital asset typology and asset tokenization - Non-fungible tokens - Fungible versus non-fungible assets --- class: inverse, center, middle # The Crystal Ball --- ### The Crystal Ball - First framework: Fundamental finance versus technical analysis - Second framework: Monetary Economics - Third framework: Industrial Analysis --- ### Industrial Analysis - Business Model: Platform economy - The question of decentralization - The real asset: the blockchain technology? - The real asset: freeing innovation? --- class: inverse, center, middle # Conclusion --- class: center, middle <img src="https://miro.medium.com/max/955/0*oARBFHdIGDkwm9za.jpg" width="100%" style="display: block; margin: auto;" /> --- class: inverse, center, middle # References --- ### References - https://www.atb.com/wealth/good-advice/markets/digital-assets-nfts-web3/ - https://www.cryptokitties.co/