Creator economy, fintech, technological framework, decentralisation….. What are the other key elements that contribute to an immersive environment in the metaverse? Still, in its infancy, what will the metaverse environment be like? Three basic dimensions that will define its characteristics can be clubbed into three main areas: the creator economy, layers of the metaverse, and tech architecture.

The creator economy

Everyone is born creative. Creativity is the key element that builds up a metaverse. This encompasses includes all kinds of creativity, whether expressed in art or innovation. A metaverse without creators, artists, designers, gamers, technologists, or innovators will be a bland space. Metaverse is an opportunity for creators to showcase their talents and create business opportunities. The basic objectives here are creating digital assets of their creation and building a sustainable community.

Digital certificates of the assets in the form of Non-Fungible Tokens (NFTs) establish ownership in the space. With the transparency of blockchain, these immutable certificates provide the necessary authentication. NFTs are the key to the immersive nature of the metaverse, as we have seen previously, where various artists have made exemplary contributions to the space.

However, for metaverse to be a trustworthy space, platform providers would need to put clear IP arrangements like licensing, copyrights, royalties, trademarks, patents, etc. to order. Similarly strict measures to remove plagiarised and infringing content would also be necessary to guarantee authenticity and facilitate a thriving space for innovation.
“Whatever we grow into, people know that they were actually a part of the building of the Intellectual Property, and the assets that they have are going to increase the value of. Because they are a part of the building of it, they are loyal, they stick, they share, they participate. We all grow together, where people get back the value for what they put in and create.” – Jason Michael Primrose, COO of Cluster Chronicles LLC and the author of the Lost Children of Andromeda series.

An immersive metaverse can only be ensured by enhancing the User Interface (UI) and User Experience (UX) seamlessly. Recent technological advancements like Artificial Intelligence (AI), Machine Learning (ML), and Big Data play a pivotal role here. Integrating the creative space with fintech payment options is a way to reward the creators and the consumers for creating engagements.

Layered Structure of the metaverse

The conceptual framework of the metaverse is constructed of six basic layers. Essentially, these describe the value chain of the metaverse. Covering the innovations, opportunities, and solutions that metaverse offers for all of us, the layers are based on the processes and technology at the core.

Experience (virtual and real), discovery, spatial computing, decentralisation, human interface, and digital infrastructure are the basic categories.

Tech architecture

Blockchain, of course, is the central principle around which the metaverse is built. In other words, the entire framework is based on the concept of decentralisation. The layers of the digital economy are thus glued with Application Programming Interfaces (APIs).
When we talk about APIs in the metaverse, we find a plethora of applications. For instance, APIs can power financial transactions. It is a wonderful mechanism to create a bridge between the traditional system of banking and the fintech alternatives that exist today. As a measure to enhance digital commerce, APIs can be synchronised to establish marketplaces. They can also be used to enable logins and social media integration.
Enabling this architecture with measures to ensure cybersecurity is another dimension of this multi-faceted space. This key factor would establish the trust to overcome the apprehensions that exist today about the metaverse, in order to build trusted ecosystems.

“As a society, we need to understand that there are enough resources for everyone if we re-adjust a bit. I think that blockchain shows us that we all need not possibly give our data and let others profit from that. We can take control of the data we generate.” – Andrea Bonaceto, artist, technologist, and founder partner at Eterna Capital.

Ensuring a metaverse with diversity, inclusion, and equity

Utilising the Virtual Reality gears and augmenting them into a mixed reality kind of environment, a consortium of industries can create a multi-functional platform where a virtual office space could be transformed into a gaming contest or an innovation lab to engage the team collectively. An interactive place, our future metaversive environments will be inclusive and prolific in nature.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post An Overview Of A Holistic Metaversive Environment: The Ultimate Infographic appeared first on OpenBusinessCouncil Directory.

Jason is a serial entrepreneur, writer, storyteller, creator, and strategist. Being from a family of literature, poetry, and prose, Jason was magnetized to the world of storytelling from his tender years. He worked twelve hard years of consulting in brand, creative, experiential, and influencer marketing building up skills that nurtured his brainchild “The Lost Children of Andromeda”.

Sharing with Dinis about his experiences during his early professional years, Jason said that the analytical tools in Web 3.0 are a beneficial resource that facilitates great things to happen within the creator economy, a feature that was lacking in the earlier versions of marketing and the internet.

Explaining it further, he said that it all starts with creativity. According to him, passion is the driver, “I think it’s the ideas and the imagination that flows the desire, or the capacity to be the business part. Because, let’s be honest, if I was doing business about something that I wasn’t passionate about, I wouldn’t be good at it. So, because I’m passionate about the story, I’m going to figure out the business.”

“Web 3.0 is a medium just like television, films, and podcast”, he told Dinis, “but NFTs are the special keys for storytelling and engagement. I mean, that’s how we use technology.”

More Interviews

James Zhang, CEO The Concept Art House – Games, Art And NFTs

Adam Hollander, Serial Entrepreneur, Pack Leader at Hungry Wolves – NFT, Gamification

Interview with Rishi Kapoor, Founder & CEO of paus.tv – The Revolutionary Streaming Platform For Independent Creators

Interview Kireet Khurana, Filmmaker & Creator Of Animation Film “Toonpur Ka Superhero” – Homelessness In India: The “Invisible Visible”

Pedro Gadanho – Architecture, Arts, Cities & Society – Former MoMA & MAAT Curator, Architect

Susan Oh, Future of AI, Blockchain; Blockchain For Impact Global Summit @ UN HQ, Top 10 Frontier Women in Digital

Empowering the creators with NFT drops

Being an influencer and an expert in Web 3.0, NFTs, and Metaverse himself, Dinis was interested to know how Jason strategized the NFT drops for his series. Jason told him that he took elements of the book, like the main technology and the novels, and released those NFTs as CYNQUE Prototypes on OpenSea. These technological devices give users access to the world of The Lost Children of Andromeda.

“They give you voting rights for future novels, you can decide what photos go in there, you can decide on book coverage, they give you access to future characters that haven’t been released yet, it gives you access to artifacts which help you to build a wall around your character, and then you can also earn the world’s digital tokens that everyone uses in the story, and we wanted to give you the opportunity to earn that, and they can use it to buy more artifacts, other characters, future merchandise. So, we really tried to build this gamified literature ecosystem that started with these NFT drops.”, he highlighted.

He emphasized that the original strategy is to bring the users a read-to-earn experience. “The whole vision”, Jason told Dinis, “is to basically re-instil imagination in people. When people come into The Lost Children of Andromeda, they are reminded that they can tell stories, and so all the things we do to earn peace, allow you to read the novel and learn parts of the story. Like the artifacts, like the currency, everything like that.”

Contributing to building a sustainable creator community

Having a background experience in Influencer and experiential marketing, Jason esteems a sustainable community, where he contributes with his mentorship, support, and collaboration. He told Dinis that he believes in sharing really powerful content and being of service to the community. He highlighted that he was personally involved in the back-channel to facilitate a variety of content creators- artists, writers, musicians, and many more. Although he did not build very large communities, he said, small and loyal communities yielded a lot of value out of their engagements and conversations.

Sharing his experiences, Jason said, “When it comes to community, it’s really like what do they need. If you want to make music for your characters, instead of writing short stories, go ahead. How do we allow our people, that’s what our community is for. So that people can have fun again, can use their imagination again and break out from mundane day-to-day life.”

Sharing his future plans, Jason says he is persistent about building a community that is sustainable and has longevity. Focussed on a vision to achieve wider distribution, Jason is phasing out the NFT project for better penetration, so much so, he says, that it becomes a community-built franchise.

Weighing the options where the project could evolve, Jason is focused on giving ownership to his creator community.

“Whatever we grow into, people know that they were actually a part of the building of the Intellectual Property, and the assets that they have are going to increase the value because they were a part of the building of it because they were loyal because they stuck around because they shared because they participated. So, it’s like how do we all grow together, where people are getting back value for what they put in and they use their creativity at the same time.”, he concluded.

Call for action

Lostchildren.xyz has a lot of information about NFTs and the NFT roadmap. It is very web 3.0 centric and looks like a game.

Lost Children of Andromeda on Instagram is where you can find Jason’s personal storytelling journey

LCOA 2050 on Twitter, where it is like Web 3.0 mixed with the book, a holistic platform sharing both sides of that journey

Join the Discord, it’s very fun. They have an onboarding game where you choose yourself, your power, your position. There is a game that takes you to the end of the world. They have more games coming.

You can also read the book for free on medium. They are realising chapter-wise so you can have a chapter every week.

About citiesabc.com
https://www.citiesabc.com/​​​​​​​​​​​
https://twitter.com/citiesabc__​​​​​​

About openbusinesscouncil.org
https://www.openbusinesscouncil.org/

4IR: AI Blockchain Fintech IoT Reinventing a Nation by Dinis Guarda and Rais Hussin (4irbook.com)

Dinis Guarda citiesabc openbusinesscouncil Series is also available as podcast on

Apple Podcasts: https://podcasts.apple.com/us/podcast/dinis-guarda-citiesabc-openbusinesscouncil-series/id1510330391

On Spotify: https://open.spotify.com/show/1vA8KaDaRpJ0mAfpNbfTSF?si=H_WngL4RSOyu1W7VAmM41w&dl_branch=1

Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8xMDMyMzg4LnJzcw==

Amazon Music: https://music.amazon.com/podcasts/953a5156-823c-4e86-baeb-4fda1128e44c/DINIS-GUARDA-CITIESABC-OPENBUSINESSCOUNCIL-SERIES

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Utilising The Resources That Web 3.0 Offers For Building A Thriving Creator Community: Jason Michael Primrose On Dinis Guarda YouTube Podcast appeared first on OpenBusinessCouncil Directory.

Metaverse holds a promise of boundless opportunities for the world to translate ideas and imagination like never before. With effective simulation and digital replication of the real world, Web 3.0 and Metaverse ecosystem provides a unique way of prototyping without needing any physical resources.

While many businesses have already put this technology to practical use, there are still many who are yet to explore the promise it holds, especially the dynamics that exist within this exceptional realm of Digital Twin technology and Omni-Sensing Cloud.

Digital twin and Omni Cloud: Pieces of a jigsaw puzzle in the Metaverse-Web 3.0 ecosystem

An Omni Cloud is a space where a world-class interconnected network and superior data integrate with each other. It blurs the barriers between the various platforms until they merge together to create a seamless interoperable space, called the Metaverse.

A digital twin, on the other hand, is a virtual replication of a physical being, an object, a system, or a process. This space is an opportunity that examines all the variables and optimises a pragmatic and most efficient solution.

Now, each element in this realm is intricately detailed, owing to the volumes of data available through Omni Cloud (or Hybrid Cloud). This allows an accurate operational dynamic, that is it can be duplicated over its entire life cycle, from its creation to its retirement.

“Digital twins are becoming a business imperative, covering the entire life-cycle of an asset or process and forming the foundation for connected products and services. Companies that fail to respond will be left behind.”, Thomas Kaiser, SAP Senior Vice President of IoT.

Creating a Seamless Autonomous Mobility: An Example

Metaverse is a unique way for automotive manufacturers to enhance their design and development functions. Through digital twin technology, companies are able to create a virtual representation of the product and the digital avatar of the driver.

With all the systems simulated and monitored for every single parameter, data is gathered from the interior sensors based on interactions and modifications.

The data collected collaborates to improvements and design innovations that enhance product quality, leading to an absolutely Seamless Autonomous Mobility (SAM).

This increases the scaling efficiency of the operations while reducing the real-time costs of material and design choices. Autonomous mobility is an essential element of smart city design. With the adoption of digital twin technology and the application of Omni Cloud, developers can realise their long-term goal of sustainable and eco-friendly mobility design for the cities.

A Journey from Virtual to Real

Within the next few years, Metaverse promises to evolve- introducing all kinds of new opportunities in the design, development, and indeed reimagining processes across two realms of existence. Nevertheless, it falls to leaders in their respective sectors not to shy away from this revolution. We must embrace the change and seek out the opportunities that could accrue resilience and new revenue streams to the existing business models.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Dynamics Existing Within The Digital Twin Space and The Metaverse: An Infographic by Dinis Guarda appeared first on OpenBusinessCouncil Directory.

• In one of the applications of Web 3.0, the digital world gets immersive by simulating the real world and making it interactive for the users. This is the Metaverse the world is talking about today.

With an accelerated rush by global corporations to establish themselves in the latest metaverse technology, the world is (knowingly or unknowingly) welcoming the advent of the Web 3.0 era with open arms. Dinis Guarda, founder and CEO of citiesabc, openbusinesscouncil and ztudium, has been exploring the realm since its inception. Contextualising the concepts in a new infographic, here’s how he explains the evolution of the internet to evolve into what we know as Web 3.0 and how it creates an ecosystem using blockchain technology for carving out the metaverse of our future.

Web 3.0: A decentralised version of the internet

The third generation of the Internet, popularly known as Web 3.0, is in its bare infancy. It is the iteration that shifts the control of the internet from centralized players to its builders and users.

But how does this work?

This control chain is orchestrated with the availability of tokens on the blockchain, a decentralised ledger system for digital transactions.

Does this mean we are ushering into a new era where creators, developers, businesses, and users are alike?

Yes, indeed. This is what we mean by decentralisation, Dinis explains.

According to him, Web 3.0 rose to popularity because of its inherent nature to leverage innovation with ownership. In other words, each participant gets property rights over a piece of the internet using tokens- both fungible and non-fungible (or NFTs).

But, that’s just one aspect of it.

Another distinguishing feature is adding an extra layer of security to the transactions with a feature called smart contracts.

Overall, this fixes the core problem of limited functionality in Web 1.0 and the centralised model of Web 2.0.

Dinis affirms that the new Web 3.0 will offer fresh ways to combine the best aspects of the previous eras and enhance them in a decentralised manner.

Referring to his vision of Web 3.0 ecosystem, the existence of digital twin means an individual has two identities- one that exists in the real world (the physical Id), and the other is in the virtual world (or the digital identity, or the avatar).

Now, how are the two worlds connected, let’s find out what Dinis Guarda thinks of this?

Metaverse: Interactivity between a variety of Web 3.0 applications

The Metaverse, as it stands today, is a variety of web 3.0 applications with various levels of interactivity and adoption. It is an immersive digital space that simulates the real world and focused on social connections among digital twins.

The data, available through technologies like cloud computing and blockchain, is collected and enabled with AI within the Web 3.0 ecosystem. This incentivises the creators and users to manage their personal data as they wish.

In other words, the decentralised nature of Web 3.0 offers better data ownership avenues for the users of the ecosystem.

“We are going through a paradigm shift where ownership transforms itself from the real world to the digital world, the metaverse, that encompasses this promise of ownership.”, says Dinis Guarda (title). According to him, “This is not a new concept. However, with NFTs and the blockchain gaining traction, we are going to see a lot of builders and creators innovating across the multitudes of the digital world.” 

The Metaverse Revolution: 10 Industries That Will Change

The digital world, hereafter…

Over time, these multiverses might progress towards complete decentralisation, opening fresh avenues for newer platforms, and outdating the traditional ones. Dinis concludes that while Metaverse and Web 3.0 are still evolving, data interoperability, data ownership, and parallel multiverses are some of the budding fruits in this garden of the digital realm.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Infographic: Web 3.0 Nurtures Metaverse With Decentralisation and Data Ownership appeared first on OpenBusinessCouncil Directory.

Christoph Zaknun is a doctor in medicine and holds a bachelor’s degree in Robotics. He started his career as an Assistant Neurological Head Trauma in Children in the Hospital of the Austrian city Salzburg. Later, he joined the Austrian Armed Forces as part of the AFRDU, Austrian Forces Disaster Relief Unit. He admires the discipline he learned during his military days. It has helped him find a greater purpose in life.

During the early stages of the interview, Christoph told Dinis that during early 2017, when IDOs and public funding swarmed the crypto and blockchain space, Christoph got interested in the technology and started researching it. Talking about the traditional centralised system, Christoph told Dinis: “It’s been like kings used to own the whole country. At this point, most of the traffic is owned in Silicon Valley, the majority of human interactions are centralised in the wealth of not even one city, just a Valley. With ICOs, although we’ve seen a lot of scams, the technology itself allowed people to participate in voting, which entailed them to get involved with DAOs- that was revolutionary, and I decided to go all-in.”

More Interviews

James Zhang, CEO The Concept Art House – Games, Art And NFTs

Adam Hollander, Serial Entrepreneur, Pack Leader at Hungry Wolves – NFT, Gamification

Interview with Rishi Kapoor, Founder & CEO of paus.tv – The Revolutionary Streaming Platform For Independent Creators

Interview Kireet Khurana, Filmmaker & Creator Of Animation Film “Toonpur Ka Superhero” – Homelessness In India: The “Invisible Visible”

Pedro Gadanho – Architecture, Arts, Cities & Society – Former MoMA & MAAT Curator, Architect

Susan Oh, Future of AI, Blockchain; Blockchain For Impact Global Summit @ UN HQ, Top 10 Frontier Women in Digital

Dinis wanted to understand the relevance of decentralised systems when the world was absolutely adjusted to the centuries-old centralised ones. Christoph said: “Any technology is the mirror of human psychology. A decentralised system can only work as a tool in which humans can self-regulate. Let’s take religion as an example. It is a very decentralised system, and it’s created with the idea to make humans more mannered so that we are a more prosperous society, that’s generally speaking the objective of every religion. Mass scale decentralised public figures to act in a manner that is more prosperous to the society it appears for.”

Dinis asked Christoph about the concept of DAO. According to him: “A DAO should be considered as a structure to make proposals and vote on them using smart contracts.” He further explained that there are two aspects of a DAO. The first is the Maximalist DAO, while the second is the use of tokens for voting. 

This brought Dinis to reveal to the audience the role of NFTs in the DAO ecosystem. “Most of 2021, NFTs were just celebrities selling merchandise. But, NFTs are not merchandise. Towards the end of 2021, people realised NFTs are just a different way of doing fundraising. And it’s a better way of funding because you own the NFTs of the character, and so, you instantly build a relationship with them,” Christoph replied.

DAO Maker: SaaS solutions provider and blockchain business launchpad

DAO Maker is a growth technologies provider that creates SaaS solutions for nascent and growing crypto startups. Its flagship product is the DAO Pad, a multi-investment platform that allows DAO token holders to participate in early-stage token sales for stringently vetted upcoming projects.

In Christoph’s words, “DAO Maker built SaaS in 2018 to turn any token into a governance model. We were the earliest creators of a governance plug-in that was used by a lot of big companies, like Avalanche, Harmony, etc., and was considered very successful, and was way before its time.” 

Besides its popular DAO Pad product, DAO Maker also provides a range of additional services to nascent blockchain-based projects. These include incubation services, operations, and advisory services, and another of its flagship products — social mining. Projects can use social mining to reward value-adding community members with their native token — helping to raise awareness, incentivize participation, increase liquidity and grow the number of holders.

Dinis asked Christoph about the regulations and policies within the crypto and DeFi space. He replied:- “We work with companies which try to create regulatory frameworks and protocols in the US. We are also trying to work with the FCA to proactively create regulations for fundraisers. Crypto regulations will come out within the next year. As a company, it’s more important to ensure not to engage in any money laundering.”

The platform is powered by its native utility token, known as DAO. The token is used to participate in token sales on the DAO Pad platform, and can also be staked to earn a yield via one of DAO Maker’s vaults. The token will also be used for community governance in the near future.

Concluding the captivating session, Christoph said: “We are trying to make quality people with quality startups.”

About citiesabc.com
https://www.citiesabc.com/​​​​​​​​​​​
https://twitter.com/citiesabc__​​​​​​

About openbusinesscouncil.org
https://www.openbusinesscouncil.org/

4IR: AI Blockchain Fintech IoT Reinventing a Nation by Dinis Guarda and Rais Hussin (4irbook.com)

Dinis Guarda citiesabc openbusinesscouncil Series is also available as podcast on

Apple Podcasts: https://podcasts.apple.com/us/podcast/dinis-guarda-citiesabc-openbusinesscouncil-series/id1510330391

On Spotify: https://open.spotify.com/show/1vA8KaDaRpJ0mAfpNbfTSF?si=H_WngL4RSOyu1W7VAmM41w&dl_branch=1

Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8xMDMyMzg4LnJzcw==

Amazon Music: https://music.amazon.com/podcasts/953a5156-823c-4e86-baeb-4fda1128e44c/DINIS-GUARDA-CITIESABC-OPENBUSINESSCOUNCIL-SERIES

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post At Dinis Guarda Youtube Podcast Series: DAO Maker CEO Christoph Zaknun Highlights The Role Of Crypto And DAOs In Web 3.0 appeared first on OpenBusinessCouncil Directory.

The platform executives know that a new internet era, Web 3.0, is coming. It has the potential to revolutionise the virtual world. The same way Facebook’s Mark Zuckerberg and Amazon’s Jeff Bezos have become successful billionaires during the Web 2.0 era, Web 3.0 presents new opportunities for those who are savvy enough to utilise them. Facebook’s rebranding to Meta is one example. YouTube’s quest to modernise its platform is another. Why YouTube Is Moving For A Web3.0 Integration?

Why YouTube Is Moving For A Web3.0 Integration?

The technicals: Web 3.0 runs on a blockchain

The distributed ledger of blockchain provides an exquisite solution to protect and maintain the transparency of transaction data. It also provides numerous opportunities to reward the user in various ways. Blockchain-powered protocols have the capacity to leverage communities, creators, artists, developers, designers, and organisations and businesses to experiment and evolve.

Right now, new projects like citiesabc.com (creating a Metaversefor entire cities) and LynKey are creating virtual and real experiences with NFTs in property and smart tourism.

YouTube’s revolution

YouTube is known as the biggest content creator platform. Now, it is arguably the right time to grow the connection between creators and their fans, through NFTs. The top celebrities, including the social media artists, are constantly looking for innovative ways for expanding their reach with new audiences, and better engagement for the existing ones, thereby creating sustainable ways of generating revenue streams. Web 3.0 offers this new playground ecosystem for them.

The company is currently not only hiring an executive to lead its Web 3.0 strategy but also looking to add NFT integration, as per the CEO, Susan Wojcicki’s recent comments.

A recent open letter by Wojcicki seems to outline the direction in which the company is headed.

“The past year in the world of crypto, non-fungible tokens, and even decentralised autonomous organisations has highlighted a previously unimaginable opportunity to grow the connection between creators and their fans,” said Wojcicki. “We’re always focused on expanding the YouTube ecosystem to help creators capitalise on emerging technologies, including things like NFTs while continuing to strengthen and enhance the experiences creators and fans have on YouTube.”

A roadmap is not yet published, but it is likely that YouTube could allow content creators to issue their own NFTs and sell them to their audiences as an improved monetization model for the “Join” feature.

YouTube gaming

YouTube had over 800 billion gaming-related views, over 90 million hours of live streaming, and over 250 million uploads in the first half of 2021. The potential for Web 3.0 integration here is huge.

Immersive gaming experiences have come a long way. As Dinis Guarda, the CEO of Ztudium and a Digital influencer wrote:

“Since its first presence in platforms like Second Life (2003), it has come a long way to today’s global-scale multiplayer online games like Fortnite, and even more popular Facebook’s rebranded, Meta. Many experts consider these platforms to be the pioneers in the world of multiverse gaming.

New players, like the Polygon ecosystem, use Blockchain to expand transparency for the community, deploy new reward systems, and offer possibilities to scale communities.”

For the gaming space, YouTube’s Chief Product Officer, Neal Mohan, has admitted that “We’re thinking big about how to make viewing more immersive. The first area in which you can expect to see an impact in gaming, where we’ll work to bring more interactions to games and make them feel more alive”.

As far as the Metaverse is concerned, Mohan wrote, “It’s still early days, but we’re excited to see how we can turn these virtual worlds into a reality for viewers.” All of these are just plans, so we will have to wait and see what YouTube has in store for us.

Although YouTube’s plans are not fully finalised yet, one thing is certain: with Facebook’s rebranding to Meta, other “traditional” Web 2.0 companies are going to try and keep up the pace. YouTube is just one platform that is looking to modernise. And modernise means surviving, with how fast the digital revolution is progressing.

References

https://finance.yahoo.com/news/believe-3-0-next-internet-125712525.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAADcVHK7k0PHbqH5u2OBwmdqheGcB9p-OEsWiPBbsQwzlfeggrCnCEIuAfmS6E4U5cVpNAJstpI5tTvTSmKXLucBYCP7Qco5DJ7DUvN1Tp3-XH-HieZK60wXVBh0pmLnTDhhHz3oUvvwehRXNVRSOTjghikG0LXPdOGi5EYxZLc2e

https://coinscreed.com/youtube-to-explore-nfts-and-web-3-0.html

https://www.cnbctv18.com/cryptocurrency/youtube-sees-incredible-potential-in-web-30-nfts-12458752.htm

https://cryptobriefing.com/youtube-is-hiring-an-executive-to-lead-web3-strategy/

https://www.notebookcheck.net/YouTube-is-looking-to-add-NFT-integration.595650.0.html

https://thecoin.news/articles/youtube-explore-nft-features-creators-1643206193135

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Why YouTube Is Moving For A Web3.0 Integration? appeared first on OpenBusinessCouncil Directory.

He additionally serves on several Advisory Boards including 1World Online, a crowdsourcing service that combines social polling with analytics, Redemption Games, a leading casual game developer, Waygate, an interactive VR content platform and Wistla, a social activities mobile app.

James Zhang interview questions:

1. How did you start your career?

2. Can you tell us about your childhood?

3. Can you tell us about the process of creating and producing the game and how you started to get involved in this industry?

4. I understand that your career touches lots of areas but how did you start your company?

5. How did you move from the creator part to the entrepreneur and the investor plus tech hats?

6. How did you get into the blockchain industry?

7. You have been through all the blockchain multiple waves from the beginning. Can you tell us about it?

8. Why did you shift 100% to Web 3.0 and can you explain to us the power of Web 3.0 and why it matters?

9. “The combination of the fan community and the art is what gives NFTs their value,” said Concept Art House CEO James Zhang in an interview with GamesBeat. Can you elaborate on this?

10. Your company is now at the intersection of NFTs, art, and gaming. Can you tell us more about that and how to envision these areas working together?

11. As a global art, what are your views on the Metaverse?

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James Zhang Biography

As the current CEO and founder of The Concept Art House, James Zhang has helped to ship 600+ games as of 2018 alone, with many of them reaching top rankings in iTunes, Google Play, Steam and console marketplaces. Beginning with their work helping to launch social gaming and continuing through to our present-day VR and connected playwork, James is proud of their successful track record of bringing new types of games to market. At The Concept Art House, James Zhang leads a team of world-class art directors, dedicated producers, and talented artists.

Prior to Concept Art House, James was Art Director at Factor 5 where he led the artistic development of Lair – a PlayStation 3 launch title – and was a concept artist on Star Wars and other bestselling LucasArts Entertainment franchises.

Zhang has done interior illustrations on a number of Dungeons & Dragons books for Wizards of the Coast, including Sharn: City of Towers (2004), the Eberron Campaign Setting (2004), Monster Manual III (2004), Races of the Wild (2005), Races of Eberron (2005), Five Nations (2005), Tome of Magic: Pact, Shadow, and Truename Magic (2006), Fiendish Codex II: Tyrants of the Nine Hells (2006), and Drow of the Underdark (2007). He also did the cover art for Crucible of Chaos (2008) from Paizo Publishing’s GameMaster line.

James Zhang Links And Sources

https://www.conceptarthouse.com/

https://en.wikipedia.org/wiki/James_Zhang

https://www.linkedin.com/in/conceptarthouse/

https://twitter.com/conceptarthouse

https://www.linkedin.com/company/concept-art-house/

Concept Art House raises $25M to create NFT art and games

https://venturebeat.com/2021/10/19/concept-art-house-raises-25m-to-create-nft-art/

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Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Interview James Zhang, CEO The Concept Art House – Games, Art And NFTs appeared first on OpenBusinessCouncil Directory.

The creativity of projects on Ethereum is exploding in areas such as decentralized finance (DeFi), non-fungible tokens (NFT), gaming, Web 3.0 and the metaverse. Ethereum’s usage is at an all-time-high, with the number of Ethereum addresses exceeding 177 million and tens of thousands more added each day. While high network usage indicates strong adoption, it also establishes a need for scalability and privacy-enhancing solutions.

With this in mind, ConsenSys engaged Mastercard to co-develop key building blocks to make blockchain technology scalable on the Ethereum Mainnet or for private use; providing benefits for all stakeholders in the ecosystem.

ConsenSys Rollups is an innovative modular software solution for permissioned blockchain applications focused on providing scalability and privacy capabilities that can be connected to any Ethereum Virtual Machine (EVM)-compatible blockchain. It can be used on the Ethereum Mainnet, or on private ConsenSys Quorum networks. ConsenSys Rollups leverage zero-knowledge (ZK) proofs to protect specific transaction elements, such as account balances, sender, recipient, and amount, to prevent this important transaction data from being shared publicly across the network – significantly enhancing the privacy and confidentiality of transactions. Zero-knowledge proof technologies enable one party to verify their knowledge of something to another party without having to convey the information itself. ZK proofs can then be used to verify and certify batches of transactions without having to execute them directly on the blockchain network. Solutions built with ConsenSys Rollups can currently achieve a throughput of up to 10,000 transactions per second (TPS) on a private chain while only 300 TPS can be achieved on private chains and 15 on the Ethereum Mainnet.

Programmability on zero-knowledge rollups is designed to enable additional functionalities in the future. Even higher transaction throughputs are expected to be possible through reliance on trusted parties for data availability.

“ConsenSys Rollups enables vastly more scalability in addition to strong privacy protections to both enhance solutions for existing use-cases and enable new use-cases. This innovative solution will help accelerate the building of the future of finance”, said Madeline Murray, Global Lead of Protocol Engineering at ConsenSys.

ConsenSys Rollups will enable more types of blockchain use cases  

By increasing scalability and confidentiality for asset transfers, ConsenSys Rollups enables the implementation of new, innovative use-cases including:

• Central Bank Digital Currencies(CBDCs): CBDCs issuance on top of a ConsenSys Rollups powered Quorum network can provide scalability and privacy capabilities for digital currency transfers among central banks, commercial banks, and retail users.

• Decentralized Exchanges (DEXs): DEXs built with Rollups will bring scalability to Decentralized Finance (DeFi) and NFTs, and more use cases on Ethereum that need faster settlement but the security guarantees of Ethereum.

• Micropayments: Micro payment applications that see users pay, for example, on a per-stream or per-view basis will require high throughput to properly function as large numbers of users interact with platforms and decentralized applications (dapps). Rollups on mainnet will allow Ethereum to scale to meet the demand of new Web3 economic paradigms without network congestion, high fees, or finality challenges.

• Private transfer and taxes: ConsenSys Rollups open a new pattern for confidentiality on the Ethereum Mainnet, or on Quorum powered networks. With partially anonymous rollups, users can transfer or swap tokens and transact with partial anonymity. Use-cases that require auditability and transparency but also maintain user confidentiality will be enabled with rollup solutions. This could remove the next barrier to entry for more DeFi or cryptocurrency users on new services.

Raj Dhamodharan, Executive Vice President of Digital Assets and Blockchain Products and Partnerships at Mastercard says, “We believe there is real potential in blockchain technology helping to solve real-world problems. We’re in the early stages, but are starting to see efficiencies in how permissioned and private chain product constructs use open-source technologies. Our work with partners like ConsenSys will continue to advance this space.”

ConsenSys Rollups is compatible with all tokens that follow the ERC20 standard.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post ConsenSys Team Up With Mastercard to Launch ConsenSys Rollups – A Blockchain Initiative To Provide Enterprise-Grade Scalability To Financial Organizations appeared first on OpenBusinessCouncil Directory.