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<p>Foreword xi</p> <p>Acknowledgments xvii</p> <p>About the Authors xxiii</p> <p>Preface xxvii</p> <p><b>Part I Mega Convergence of Digital Technologies in Metaverse 1 </b></p> <p>Chapter 1 Metaverse: Convergence of Tech and Business Models 3</p> <p>Chapter 2 Blockchain, the Backbone of Web3 33</p> <p><b>Part II Blockchain Breakthroughs Set the Transaction, Privacy, and Security Foundation for the Digital Economy 69 </b></p> <p>Chapter 3 Cryptocurrencies and Tokenomics 71</p> <p>Chapter 4 DeFi (Decentralized Finance): Bankless Metaverse 97</p> <p>Chapter 5 NFTs, Creator Economy, and Open Metaverse 131</p> <p>Chapter 6 Blockchain Gaming in Metaverse 157</p> <p>Chapter 7 Metaverse Privacy: Blockchain vs. Big Tech 183</p> <p>Chapter 8 Metaverse Security 217</p> <p><b>Part III Three-Way War among Open Metaverse, Big Tech Walled Gardens, and Sovereign States 255 </b></p> <p>Chapter 9 Public Crypto, Government CBDC, and Big Tech Coin 257</p> <p>Chapter 10 Web3 Creator Economy on Blockchain 289</p> <p>Glossary 323</p> <p>Index 349</p>

<p><b> Winston Ma</b> is an investor, attorney, author, and adjunct professor in the global digital economy. He is a co-founder and managing partner of CloudTree Ventures and the board chairman of Nasdaq-listed MCAA, a European tech SPAC. Prior to that, he was head of North America Office for CIC, the deputy head of equity capital markets at Barclays Capital, a vice president at JPMorgan investment banking, and a corporate lawyer at Davis Polk & Wardwell LLP. He is the author of bestselling books including <i>The Hunt for Unicorns and The Digital War. </i> </p> <p><b> Ken Huang</b> is CEO of <i>DistributedApp</i>s and chair of Blockchain Security Working Group for <i>Cloud Security Alliance</i> in the Great China Region. Over the past 18 years, he has worked on application security, identity access management, cloud security, and blockchain for the fintech industry and health care industry. He is a Certified Information Systems Security Professional since 2007 and is the author of <i>Blockchain Security Technical Guide</i>, published by China Machine Press in 2018.

<p><b>EXPLORE THE TRILLION DOLLAR OPPORTUNITIES OF BLOCKCHAIN ECONOMY IN THE METAVERSE </b></p> <p>“Ma and Huang provide the essential handbook on the transformative power of Web 3 – taking you on a ride from the basic fundamentals of the blockchain protocols to the vast possibilities of the metaverse – and the immense impact it could bring. An educational and entertaining must-read for anyone interested in the next, programmable and immersive, web.”<br /><b> —Lila Tretikov,</b> deputy Chief Technology Officer (CTO), Microsoft</p> <p>“Metaverse, Web3, and blockchain are among the cutting-edge technologies of the new digital economy. Focused on security, privacy, and data governance, this book discusses the paramount aspects of how these new technologies are used in the real world.”<br /><b> —Yao Qian,</b> former Head of China’s Digital Yuan Effort; Director of the Science and Technology Supervision Bureau of China Securities Regulatory Commission</p> <p>“A remarkable convergence of digital economy with blockchain and Web3, depicting the true merits of the metaverse in relinquishing the impending daunted horizons of the information technology.”<br /><b> —Mehdi Paryavi DEA^®,</b> Chairman, the International Data Center Authority (IDCA)</p> <p>“An essential breakdown of the most important recent developments in the blockchain space. Unlike many other writers, Ma and Huang look beyond mere financial speculation to uncover the true productive potential of blockchains, smart contracts, DAOs, DeFi, the metaverse, and more.”<br /><b> —Neel Mehta,</b> Author of <i>Bubble or Revelation?: The Future of Bitcoin, Blockchains, and Cryptocurrencies<br /><br /></i>“A thoughtful guide to the role blockchain and crypto assets play in the world-changing internet transformation – and how one accelerates the other.”<br />—<b>Anthony Scaramucci</b>, Founder & Managing Partner of SkyBridge</p> <p>“Provides a colorful account of how things like gaming, blockchain, NFTs, AR/VR, DAOs, and DeFi have converged and ultimately presented to us this whole package called metaverse.”<br />—<b>Clay Lin</b>, Chief Information Security Officer (CISO), World Bank Group</p> <p>“A clear picture of the complex ecosystem that enables the next-generation internet. Readers will become "Web3 smart" netizens, educated participants, and even adept game changers.”<br />—<b>William Zhang</b>, Security Architecture Lead, World Bank Group<br /><br />“Provides a valuable window into metaverse and covers the important building blocks for a trusted metaverse.”<br />—<b>Yale Li</b>, Chairman, Cloud Security Alliance – Greater China Region (CSA GCR)</p> <p> </p>

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