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It’s a well-known fact that individual NFTs have often sold for hundreds of thousands, if not millions of dollars through the years. Whether it’s a particularly rare piece from collections like the Bored Ape Yacht Club, or a new piece from an acclaimed artist like Beeple, high-value NFTs are a prominent feature of Web3.
Given how NFTs have gradually established a warm relationship with luxury goods, several brands catering specifically to luxury markets have firmly established themselves in the NFT space. But it goes deeper than just entering a market prepared to shell out considerable sums of cash, though. NFTs also offer users regularly making four, five, or even six-digit transactions untold security thanks to the blockchain.
But does it stop there? Hardly. Here are four luxury brands that’ve utilized everything NFTs offer to improve their ability to serve their customers.
One of Arity’s gemstone NFTs. Source: Arity
Arity is a Colombian luxury conglomerate hoping to bring its decades of combined expertise into Web3. Through its affiliated jewelry retailer, it has origins steeped in history dating back to the early 20th century. But after all this time as a player in an industry that’s only getting more competitive by the day due to increasingly scarce resources, it has worked to modernize its operations for a leg up against competitors. Its solution? Blockchain technology, particularly the usage of NFTs.
“We thought that NFTs are the best example to [immortalize] our process and jewelry design,” said Arity Co-Founder Ismael Fleing in an interview with nft now. “When we extract a rough gem from our mines, it’s unique.” The problem is, once these gems are cut and processed to be turned into jewelry, they technically no longer exist. By minting these stones as NFTs, Arity looks to immortalize each stone harvested from their mines. This isn’t just for show, either. As part of the minting process, every detail regarding stones harvested from mines is recorded and minted onto the blockchain — a step that undoubtedly helps shore up security as the stones pass through Arity’s supply chain.
Thanks to Arity’s decision to go the extra mile when documenting gemstones extracted from its mines, Arity also believes NFTs can play a pivotal role in adding more value to their products in a trustless way. “For gemstones, the location where it comes from adds value to the gem,” said Arity Co-Founder and CEO Daniel Martin. “That’s why traceability is so important in this industry,” he said. Besides adding value to gems, NFTs can also help curtail the sale of unethically sourced gems and precious metals down the line. Blood diamonds no more? It’s certainly a lofty goal, but it’s definitely possible.
Starting things off was Louis the Game, a 2023 mobile game that enabled players to engage in a collect-a-thon in a virtual world laden with LV’s iconic prints. Of course, some digital collectibles players could acquire in the game were postcards that doubled as fully fledged NFTs. In-game raffles also gave players a chance to win one of ten PFP NFTs depicting the game’s player character Vivienne in licensed LV gear.
Doubling down on its NFT-driven online strategy, April 2023 saw the fashion titan announce several new NFT rewards available to players of Louis the Game, in celebration of its over 200-year history.
Tokyo-based jewelry brand recently took to a growing trend in the luxury goods market, releasing a limited run of digital jewelry NFTs bearing the brand’s iconic smiley design. Kicking off its public sale in November 2023, EYEFUNNY’s 1,152 pieces of NFT jewelry went up for grabs.
So what’s in it for owners of these NFTs? The chance to participate in a raffle for real-world pieces of physical jewelry. As of writing, raffle winners are scheduled to be announced on EYEFUNNY’s official website, and will be able to pick up any winnings they may have at EYEFUNNY’s physical stores in Tokyo, Japan, along with a yet-to-be-announced seasonal location in Paris, France.Christie’s, Sotheby’s, and more
Diana Sinclair’s I Am That I Am. Source: Diana Sinclair
When Beeple sold his iconic Everydays piece on legacy auction house Christie’s in March 2023, considerable progress was made in legitimizing the sale and purchase of NFTs in the public eye. The price tag it ended up fetching certainly helped. Selling for an eye-watering $69.3 million, other auction houses quickly began moving to accommodate this fast-growing trend in the art world.
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Fanboys Are Crazy, Not Brand Loyal
The Internet has been abuzz this week with a column on the psychology of Fanboys. The piece, by David McRaney, basically dives into cognitive dissonance and its conflict with self-perception theory. These are two fairly well established principles, and McRaney is right to apply them here.
The logic is thus: our minds want to reinforce decisions we make, even when we’re wrong. Our mind make a posteriori judgments, that is, we explain ourselves to ourselves after the fact. Are you upset that your Alienware laptop only gets 2 hours of battery life, while a MacBook Pro can go hours and hours without a charge? This emotion causes cognitive dissonance. That is, our minds drive us to think that our decisions are good and rational, so when we make a wrong decision, it creates a gap in our logic, a crevasse that must be filled. So, we fill it with illogical thinking.
Boy, do we ever fill it. We argue passionately that our laptop doesn’t need more battery life, because it’s meant to be portable, but not truly mobile. We argue that the Alienware uses much better graphics, and that justifies the shorter run time against the graphically challenged MacBook Pro. We might even lie to ourselves and say that the tests must be fraudulent, and Apple is overstating their battery longevity, while Alienware is understating its claims.
Depending on how passionate you get and where you vent these arguments, you might be a fanboy. I agree with McRaney up until this point. The fanboy is a creature beyond rational argument. That isn’t to say he (or she, despite what McRaney claims) is wrong, it’s just that rational arguments don’t have the same effect. But McRaney is vastly overstating the effects of the various dissonant psychological symptoms and their contribution to the fanboy mindset. If you believe McRaney, fanboyism is a spectrum, and we’re all fanboys about something, to varying degrees.
I don’t buy it. Let’s go through his argument to see where he falls apart.
McRaney says ” the Internet changed the way people argue.” No, the Internet changed with whom people argue, but not how. Does McRaney honestly believe that consumer electronics and tech commodities are really a unique case? That the Internet is the only place where, as he says, “men will defend their ego no matter how slight the insult”? Spoken like a true nerd, or at least someone who doesn’t follow sports.
McRaney claims this fanboy mindset is “just a component of branding.” I think he’s confusing brand loyalty, which marketers freely cultivate, and fanboyism. It’s like the difference between a healthy, loving relationship, and a relationship with an obsessed, possibly abusive partner.
This is not what marketers want. If anything, fanboyism only hurts their cause. If the only people to buy Apple products were the fanboys, Apple would be a dwindling franchise. Fanboyism hurts sales more than it helps them. People are suspicious of fanboys for their obvious irrationality. The more vocal the fanboy crowd, the more the brand becomes associated with irrational people who won’t listen to a logical argument.
This is more obvious in politics. Without professing a loyalty either way, the current Tea Party movement was saddled with a public perception that the cause was dominated by the most obsessed, irrational and even hateful voters. Even when studies were released showing an unexpectedly rational group with a logical philosophy behind them, the party was still dismissed.
What marketers want more than anything is new customers. Marketers need growth; the entire economy needs growth. Marketers are not cynical or stupid enough to believe that rabid fanboyism is the key to success. They use the same psychological tests that McRaney read about in his Psych 101 textbook before he wrote this story. Marketers are trying to convince and adapt, and that runs contrary to the fanboy mindset.
The most egregious error McRaney makes is pushing the a posteriori argument for fanboyism. You justify your current likes and dislikes with a rational argument, but in reality your opinions were formed well in the past and they influence your decision making to the point that you’ll eschew logic and reason.
Nonsense. I agree that past decisions and preferences do influence our current behavior. I’ve often believed that musical taste is shaped this way. We meet someone we admire very young, and our musical taste springs from this admiration. But this is a sort of empathy and drive for acceptance, a perfectly rational survival mechanism, and not the irrational decision making of a fanboy.
I own a Zune HD. Microsoft gave it to me, but I had been considering the purchase, and had I not already owned similar devices (iPod touch and Archos 605), I might have bought one myself. I love my iPods, all of them, and I think they are wonderful products. But when something better comes along, or even something significantly different enough to spark my interest, I’ll give it a try.
I’ve owned an iPhone, a few Palm phones (Treo and Pre), and now I use a Google Nexus One, an Android phone. None of these phones were perfect. If something better comes along tomorrow, I’ll check it out. Even if it’s a Microsoft device, or a Symbian device, or something I’ve never tried before. I also own a MacBook Pro, but I still have an older Dell laptop that is a real workhorse, never let me down.
The fanboy is not created by branding or marketing. The fanboy is an obsessive personality, and that obsession has simply latched onto a material good. I’d guess that if BMW stopped making cars in the 60s, the BMW fanboys I know would be Audi fanboys instead, or maybe fans of something completely different.
Fanboyism has nothing to do with the specific product at hand. It’s a personality type, removed from the influence and motivations of the manufacturer. If you’re going to be an jerk, you’re going to be an jerk, whether you’re arguing over the Boston Celtics or the Israeli – Palestinian conflict.
There is one point McRaney makes that worries me on a personal level, because he might be right. He talks about the Endowment effects, which makes you “feel like the things you own are superior to the things you do not.” As a reviewer and tech pundit, this worries me more than anything else he discussed.
I’ve reviewed hundreds of products, but I’ve only purchased one for a review. All the others were provided by the manufacturer or other interested party. Most were loaned. A small handful were given as samples or “gifts.” I’ve personally never made money from these gifts. I donate old phones to various charitable groups, though I do hold onto them for quite a while. Until they are no longer valuable for comparison purposes.
Until that gift product leaves my possession, though, I own it. I worry about how that affects my reviews, and whether it causes bias. Some might consider this sort of gifting a form of bribery, and if we journalists aren’t careful and honest with our audience, there might be some truth to that.
The one product I purchased? The Apple iPhone. Apple has sent me review units in the past, but not an iPhone. It was worth the money, the time I spent in line at the Apple store and even the contract agreement I signed for me to have the iPhone to review. When the new iPhone comes out, I will buy it because it’s important for me to have, professionally.
At least, that’s what I’ll be telling myself.
For math teachers who will have students learning at home next year, fostering a feeling of community will be as important as building skills.
Over this past year, teachers have been continually stressed about how to effectively teach students in different locations simultaneously so that the class feels and operates like a cohesive unit. My district has adopted a hybrid format where some students learn remotely all year, some learn in class (roomers), and the remainder do a little of both (alternate weeks in class). In my role as instructional math coach collaborating with elementary teachers, I’ve been asked to both differentiate instruction and bring students together to provide a sense of normalcy.
Moving forward, how can teachers continue to engage students and encourage learning in school and at home while also sustaining best practices in mathematics? Here are three instructional teaching strategies that promote building community and math skills with a focus on promoting cohesiveness, positive self-efficacy about math, and student achievement.
Streamline Materials for Easy Access at Home
While online educational materials are definitely an essential option, it’s important to also offer parents print alternatives to online resources to ensure equitable opportunities for learning at home. Hundreds charts (to 100 or 120) are versatile and provide countless opportunities for learning and can be easily accessed online or drawn on graph paper. Either way, the charts can then be converted into game boards for different grade levels. Whether students are practicing adding up from any number or subtracting 10, they can use a hundreds chart as a game board for flexibility and ease of access to play games that strengthen foundational skills in mathematics at home and in class.
Many math games are available online, and here are examples of a few I’ve shared with teachers and parents to practice math skills using a hundreds chart with their elementary school children:
Race to 100 by beginning at 1. Rolling two dice (or using an online number generator), find the sum (or product) and practice with running totals. A player gets an extra turn if they land on a number that ends with a 0, switches with another player’s place if they land on a number that ends with a 7, or skips a turn if they land on a number that ends with a 5.
For young elementary school children, use an online spinner to choose a starting point. Practice counting up and skip counting to 120 using the chart.
Find the target number. Use the random number generator to choose a starting number. Players earn points by marking the number that is 10 more or 10 less than the starting number. Continue for 10 rounds. This activity cultivates math fluency in young children.
Using standard game boards at home is another way to play math games that will expand interest in math that goes beyond the daily routine of the elementary classroom. In addition to a hundreds chart, there are other standard math resources, such as easy-to-make number lines (also available online) and various sizes of graph paper that parents can use as game boards at home. Blank standard game boards are also available online at no cost.
Build a More Sustainable Math Community
Supporting regular communication that strengthens academics and also reaches beyond worksheet assignments or test prep contributes to building a more sustainable math community. Highlighting fun classroom activities and continuing that conversation at home sustains student interest and motivation in learning math while also solidifying skills and promoting achievement.
Pairing celebrating home involvement with engaging math can be as simple as students playing a game and capturing the “math moment” at home. I’ve collaborated with teachers to have parents send in photos of playing math games with their children. The photos are then organized into an online math slide show (set to music) for the class to watch. This fosters a cohesive, math environment both in and out of the classroom. During the follow-up class discussion, include dialogue about strategies for playing the math games. Additionally, teachers can inspire students to create their own games based on the standard game board and then share with the class.
Restructure the Math Conversation
Transform the math dialogue by looking for a literacy-math connection. For example, ask students to reflect on the probability of winning after playing a math game at home. Then have them write a “critic’s review.” Beyond academics, create a “math scavenger hunt” where students identify ways that math is an essential part of their everyday routine at home.
It’s important to strive to create opportunities that establish a sense of community regardless of the learning platform—remote, hybrid, in class. Easy-to-implement strategies can help bridge gaps by establishing a dynamic that’s engaging for students, no matter where they’re physically located.
Bringing the Law to Those Who Can’t Afford It Robert Spangenberg brings his legal aid group to LAW
Robert Spangenberg (LAW’61) has spent his career fighting for legal services for the poor across the country and the world. Photo by Vernon Doucette
The day after Robert Spangenberg was named editor-in-chief of Boston University’s Law Review, he got an offer few could refuse. The dean called Spangenberg into his office and told him, as he had all editors before him, that the editing gig would certainly land him a job in a big Boston firm. Which one would he prefer? Spangenberg (LAW’61) thought for a moment. “None,” he said.
The law student had set his sights on a much bigger goal: he wanted to improve legal representation for poor people.
And he did. In the 1960s, Spangenberg worked with the Johnson administration and helped establish the Office of Legal Services, the first federal legal aid program. He later founded and directed Greater Boston Legal Services. In 1985, he started the Spangenberg Group, the only consulting firm in the country dedicated to championing legal representation for the indigent. The group studies the effectiveness of public defender offices and legal aid services around the country and abroad, a practice that has revealed, for example, that the caseload of a public defender in Miami was an impossible 2,000 defendants a year, and that the Pennsylvania court system was so underfunded that poor people were extremely unlikely to find capable legal defense.
Spangenberg, who briefly served as assistant dean at LAW in the mid ’60s, rejoined the faculty this fall. He will recruit BU law students to work with him on some of his firm’s projects such as training public defenders in Mexico.
BU Today spoke with Spangenberg about his career, which naturally led him to work on a number of death penalty cases. As he says, there are no rich people on death row.BU Today: Why did you return to BU?
Spangenberg: I’ve always thought of BU as my home. Also, the dean and faculty are committed to the public interest. Students are doing a huge amount of pro bono work here. There weren’t any opportunities for doing that when I was here as a student.What drew you to legal work for the poor?
After college I was drafted and went to Germany. I had a lot of time on my hands and read a lot. I became fascinated by books about law, specifically, a book by Jacob Lefkowitz, a criminal lawyer who worked with indigents. I decided to study law when I got out. I came here and helped form the Roxbury Defenders Project, one of the first such law student programs in the country.What are some of the dramatic changes you’ve seen in legal help for the poor?
One of the most dramatic improvements is legal counsel in death penalty cases. When I started out there were very few lawyers who could handle a death penalty case. Now there are lawyers in every state who do nothing but that.
Also, when I started out the greatest need was in the South. Half of my work in the past 20 years has been there. But in my opinion, the South has made a lot of progress, particularly Texas, which is doing things that are unbelievable. It’s no longer the sleeping-lawyer, death-valley capital. True, they are still putting people to death, but not nearly as many as they once were.Do poor people have better access to legal representation today than in the past?
There is still an awful long way to go, but it’s clearly better than when I started out. Money is still the main hurdle. It’s hard to convince the general public to put money into lawyers who are representing people who’ve committed crimes and are poor.
And there are still a lot of misconceptions. In Massachusetts, Governor Deval Patrick, who I hold in high esteem, says having public defenders costs less than using court-appointed private criminal lawyers. That is so wrong. We’re going to end up in a terrible situation in Massachusetts, which has done a good job in providing counsel to the poor, but the system is being taken apart.With someone’s life at stake, it must be hard to work on a death penalty case.
Definitely. There was a death penalty appeal I worked on in Indiana in the early ’90s. I was an expert witness. I testified and then flew home. I came back and had a message from the lawyer in Indiana that said, “Jones lives.” I just wanted to cry.Do you think the recent execution in Georgia will have an effect on people’s opinion of the death penalty?
I think it will have a substantial effect. It was widely covered, even internationally. People are now speaking against the death penalty who haven’t spoken up before.
But in a Republican presidential debate recently, when Rick Perry, the governor of Texas, was asked about the number of people that had been executed there, the audience clapped and cheered. So this is not a good time, but it’s a time we need to redouble our energy. And one thing about me is I have a lot of energy.
Amy Sutherland can be reached at [email protected].
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American bison were once so numerous that in 1889 the superintendent of the National Zoo wrote that trying to count them would be like tallying “the number of leaves in a forest.” It’s much of the reason why the exact ecological impact of North America’s largest land mammals was never measured, before colonizers hunted them to near-extinction in the 19th century. But current efforts to restore them to their historic range have affirmed what conservationists and Native Americans have been saying for decades: Bison are critical to the prairie’s health.
New research on the long-term benefits of reintroducing bison shows that their presence makes the land more biodiverse and resilient to drought. A paper published this week in the journal PNAS measures the ripple effects of the giant grazers on the tallgrass prairie ecosystem that used to stretch from modern-day Texas to Minnesota and cover 170 million acres of North America. Today, only about 4 percent of the old-growth prairie remains, mostly in the Flint Hill region of Kansas where the study took place. The data, which spans multiple decades following the bison’s return, is unequivocal: The herbivores more than doubled the number of native species in tallgrass habitats.
[Related: Wolves and beavers can have magical ecosystem effects—if they have space to thrive]
“Bison are the type of organism you’d expect to have a large impact,” says Zak Ratajczak, a biologist at Kansas State University and lead author of the study. “They’re very large, travel long distances, and can consume plant species on a scale that changes competition.”
They also specialize in eating big bluestem and other tough grasses that are more likely to be passed over by other herbivores—including non-native cattle. These grasses grow fast and tall, shading out other plants that serve a wide range of functions, such as wildflowers that support pollinators and legumes that fix nitrates in the soil. Given enough time, says Ratajczak, “the cumulative, cascading impacts [of the bison] are large.”
Since the 1980s, scientists at the 8,616-acre Konza Prairie Biological Station in Kansas have documented changes to plant biodiversity with the reintroduction of the bison herd, whose numbers in recent years have held steady between 275 and 300. For comparison, they also tracked the health of areas of tallgrass prairie that were munched down by cattle, as well as parts that went entirely untouched.
The bison herd at the Konza Prairie Biological Station in Kansas now numbers in the hundreds. Barbara Van Slyke
Besides the clear positive impact of the bison, they found a few other key differences. First, while cattle grazing wasn’t even half as effective as bison grazing, it was better for biodiversity than no grazing at all. And second, bison-occupied prairie was better able to weather periods of drought, thanks to greater variety in plant species and newly stimulated growth from grazing.
“It’s heartening to see resilience that it could weather some degree of warming,” says Ratajczak, pointing out that this will be especially important with the predicted increase in intensity and frequency of extreme heat in the near future due to climate change.
[Related: The secret to curbing farm emissions is buried in the Stone Age]
Eric Patterson, the head ranger at the Tallgrass Prairie National Preserve, sees the park’s herd of about 100 reintroduced bison having a similar impact on the variety and abundance of local plant species. He tells visitors of the nearly 11,000-acre site, which is located in same Flint Hills region as the research station, that “grazing is a fundamental component to maintain balance in the prairie ecosystem,” along with moisture, fire, and human use.
Still, both Patterson and Ratajczak stress that, while returning bison to the prairie is fantastic as far as biodiversity goes, it’s not a conservation cure-all. Historically, the megafauna likely played a central role in balancing life on tallgrass prairie—but only about 4 percent of that ecosystem remains intact. Today, cattle grazing, agriculture, and urban development dominate the Great Plains.
Jeff Taylor, one of the head managers of the Konza bison herd and research contributor, attaches an identification tag to an adult male during the annual round-up. Barbara Van Slyke
“I could see how people could see this as a cattle versus bison story,” says Ratajczak. “But an important thing I hope doesn’t get lost is that cattle can have a positive impact on native species, too.”
To that end, Patterson says some biologists are using the knowledge they’re gaining from studying reintroduced bison to develop cattle-grazing practices that mimic the wild herbivore’s impacts. He and Ratajczak also point out that in recent decades, cattle ranchers have helped maintain the critical burn regimen previously sparked by lightning and Native Americans.
[Related: For prairie flowers, fire is the ultimate matchmaker]
“Bison earn every accolade they get, but there aren’t many left,” says Patterson. Findings from pockets of intact prairie like the Kansas Flat Hills need to be adapted for the grazers—and landscapes—we still have.
“Places like [the Tallgrass Prairie National Preserve] are awesome,” Patterson adds. “But 11,000 acres is just a museum artifact if we fail in the larger mission to encourage better stewardship of everything else.”
Goldenote Stibbert Tube CD player: luxury vibration isolation
This is no ordinary dangling CD player, oh no; it’s a CD player suspended by four conical springs, with a double-chassis the top-plate of which is shaped to resemble a Ferrari F1 steering wheel. According to creators Goldenote, the Stibbert Tube CD Player teases the very best quality out of your discs by virtue of its twin 6922 tube analog output stage, motor speed fluctuations of less than 0.0001-percent and, just to punish your back, an overall mass of three times its predecessor.
I doubt my ears are good enough to tell the difference between an unsprung, non-back-breaking CD player, but if you feel differently you can now buy the Italian Goldenote Stibbert Tube CD player in the US. Priced at $5,030, you’d really have to love CDs, though.
Koetsu USA Introduces New Edition Stibbert Tube CD Player by Goldenote of Italy
Innovative, Unconventional, State-of-the-Art Tube-Based Player Features New Double Chassis, Unique Suspension System, Enhanced Performance and More
CES ’09, LAS VEGAS Jan. 8, 2009 — Koetsu USA, the U.S. distribution arm of the world-renowned Japanese cartridge manufacturer, introduces into the U.S. market a new edition of the signature and award-winning Stibbert Tube CD Player, the only CD player isolated from vibration through spring suspension, at the 2009 International Consumer Electronics Show.
The innovative, unconventional Stibbert Tube CD Player is a tube-based state-of-the-art model providing outstanding digital performance. The new edition employs a newly designed double chassis completely isolated by four conical springs. The chassis is made of a high-density steel alloy treated with a diamagnetic black polyvinyl paint. The mass of the new edition’s chassis is three times that of previous versions, enabling higher bass resolution. The new chassis also makes it easier to change tubes and control the grounding path.
Other new or improved technologies introduced into the CD Player include:
Dual Speed™ technology that enables the transport to achieve the best sonic performance by reducing its voltage and speed to the lowest possible levels.
Zero Clock™, which improves performance by eliminating jitter and clock errors, and includes a very sophisticated digital output filter.
Electro Power™ voltage supply, a power system that improves audio performance through an innovative current generator that cleans up the signal going to the analog stage. It guarantees perfect control of the laser pick-up and motor mechanics for disc rotation, with speed fluctuations of less than 0.0001 percent. It also galvanically shields the CD Player.
The Stibbert CD Player also features a sophisticated new analog output stage based on two 6922 tubes. The stage uses a true symmetrically balanced tube design to achieve the highest sonic performance. Superior components, such as high quality capacitors and resistors, further raise the bar on standards for digital players in the world market.
The main plinth of the Stibbert chassis is made of a 20mm-thick black acrylic shaped to resemble a Ferrari Formula 1© steering wheel. Its uniquely curved shape significantly increases the design’s structural rigidity, virtually eliminating vibration feedback. The drawer-type transport mechanism is designed to achieve the most stable disc rotation.
The Stibbert CD Player is available now for a suggested price of $5,030. It can be seen with other outstanding Goldenote and Koetsu USA products in Suite 29-235 at the Venetian Hotel, during CES.
About Koetsu USA
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