I spent several hours tracking down a small notebook earlier this week. The reason? I wrote down my seed phrases in this tiny notebook, which I carelessly tracked. Why am I telling you this? This management strategy is a horrible practice. Had I not performed a disaster recovery drill for my digital assets, I might’ve continued storing my seed phrase insecurely. Disaster recovery drills are foundational for security in web 3.0 and enable continued access to blockchain assets.
Cryptocurrency has seen dramatic growth since its inception in 2009. Around 16% of American adults have invested in cryptocurrencies. In theme with prior executive orders advancing US cyber policy, the White House recently signed an executive order on cryptocurrencies and other digital assets. Crypto enthusiasts view this as a win, but what does ensuring the responsible development of digital asset mean for the average American?
NFTs have been a hot trend in tech but face criticism regarding their lack of obvious utility. I started this off as a vent post for my frustration regarding the current discourse around NFTs. Still, I decided about midway through that energy might be better spent trying to help answer the pertinent questions: What are the benefits of minting NFTs, and how can we maximize the utility of NFTs?