Image by Clarisse Meyer

201 ​Frontier Assets: Crypto assets, NFT’s, Web 3.0  

Note: This workshop will feature guest lectures from leading crypto entrepreneurs and asset allocators from major institutional investors.

 

(faculty background)

Ph.D. from the Massachusetts Institute of Technology

lecturer of Harvard Law School)

 

【Prerequisites】

High school and college students are interested in researching finance and/or want to pursue an industry or academic career in finance or apply the tools from finance to help solve societal needs.

【Description】

This workshop is designed for students interested in the industry and academic careers in finance or students interested in applying tools from finance (e.g., Web 3.0 technologies) to help solve societal needs.

 

When are markets efficient? When are markets inefficient? What limits to arbitrage cause markets to be inadequate? This research workshop will explore many questions specifically focused on crypto assets, NFT’s, and Web 3.0 technologies.

In module 1, the professor will guide students in original research based on empirical asset pricing and capital markets. In the course, students will start with the history of money, the rise and fall of countries, the collapse of currencies, social strife, and class warfare within countries, and examine particular asset prices to see what general principles lead to efficient markets and what general principles lead to inefficient markets, and what – if anything – can be done to cause prices to converge back to fundamental value. Along the way, students will learn the basic financial theory of asset pricing, e.g., discounted cash flows, financial instruments (e.g., debt, equity, and options), financial markets (e.g., stock markets, private debt markets), and limits to arbitrage (e.g., investor inattention, information collection, and processing costs). The workshop probes how the effects of limits to arbitrage have shaped prices in central and developing markets.

 

The professor will also guide students on Web 3.0 technologies and how these technologies can be used to disintermediate traditional financial institutions and reduce risk to the financial system by reducing the percentage of the unbanked population, providing additional transparency regarding transactions, etc.

 

In module 1, the course will feature guest crypto entrepreneurs and asset allocators from major institutional investors who are building out the next generation of crypto, NFT, and Web 3.0 technologies. 

 

During Module 2, students will have a choice regarding their project. They can either work with the professor to develop a research project that involves finding crypto assets or NFT’s that have deviated from fundamental value and exploring why. Alternatively, they can employ Web 3.0 technologies to help solve societal needs.

 

【Sample research topics 】

  • How could you use Web 3.0 technologies to bring large underbanked or unbanked populations into the financial system and help lower their transaction costs in the process?

  • How could residents of a mobile home community use Web 3.0 technologies to spontaneously decentralize a social network and take on a major private equity firm seeking to buy up their mobile home community and raise rents by 40%?

  • Why would the mobile home community prefer or not prefer to do this via a Web 3.0 technology versus a centralized social network?

  • How can these governance tools fractionalize traditional financial assets such as mobile homes while improving risk management?

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