full transcript

From the Ted Talk by Yat Siu: The dream of digital ownership, powered by the metaverse

Unscramble the Blue Letters


True digital property rights provides us with a chance to create a fairer, more iunsvlcie form of capitalism. One that can still provide all the incentives to help entrepreneurship and itnooniavn fisruloh, as capitalism has done for centuries before. This can already be seen in the digital context. Last year, NFTs gteaerned over 24 billion doralls of sales. The majority of that went to the creators and owners of these NFTs. Web2 platforms, such as sifotpy, paid only a third of that to its creators in that same year.

George whgontaisn famously wrote, "Freedom and property rights are inseparable. You can't have one without the other." The same is true for the virtual realm. In order to ensure our digital fderoem, that we not be slaves to either platforms or any of the future AIs, we must also have true digital property rights.

Open Cloze


True digital property rights provides us with a chance to create a fairer, more _________ form of capitalism. One that can still provide all the incentives to help entrepreneurship and __________ ________, as capitalism has done for centuries before. This can already be seen in the digital context. Last year, NFTs _________ over 24 billion _______ of sales. The majority of that went to the creators and owners of these NFTs. Web2 platforms, such as _______, paid only a third of that to its creators in that same year.

George __________ famously wrote, "Freedom and property rights are inseparable. You can't have one without the other." The same is true for the virtual realm. In order to ensure our digital _______, that we not be slaves to either platforms or any of the future AIs, we must also have true digital property rights.

Solution


  1. innovation
  2. generated
  3. washington
  4. spotify
  5. dollars
  6. flourish
  7. freedom
  8. inclusive

Original Text


True digital property rights provides us with a chance to create a fairer, more inclusive form of capitalism. One that can still provide all the incentives to help entrepreneurship and innovation flourish, as capitalism has done for centuries before. This can already be seen in the digital context. Last year, NFTs generated over 24 billion dollars of sales. The majority of that went to the creators and owners of these NFTs. Web2 platforms, such as Spotify, paid only a third of that to its creators in that same year.

George Washington famously wrote, "Freedom and property rights are inseparable. You can't have one without the other." The same is true for the virtual realm. In order to ensure our digital freedom, that we not be slaves to either platforms or any of the future AIs, we must also have true digital property rights.

Frequently Occurring Word Combinations


ngrams of length 2

collocation frequency
property rights 9
billion dollars 6
open metaverse 6
digital property 4
true digital 3
economic activity 2
network effects 2
birkin bag 2
virtual goods 2
getty images 2
strong property 2

ngrams of length 3

collocation frequency
digital property rights 3
strong property rights 2
true digital property 2

Important Words


  1. ais
  2. billion
  3. capitalism
  4. centuries
  5. chance
  6. context
  7. create
  8. creators
  9. digital
  10. dollars
  11. ensure
  12. entrepreneurship
  13. fairer
  14. famously
  15. flourish
  16. form
  17. freedom
  18. future
  19. generated
  20. george
  21. incentives
  22. inclusive
  23. innovation
  24. inseparable
  25. majority
  26. nfts
  27. order
  28. owners
  29. paid
  30. platforms
  31. property
  32. provide
  33. realm
  34. rights
  35. sales
  36. slaves
  37. spotify
  38. true
  39. virtual
  40. washington
  41. wrote
  42. year