#What is Web3 and how does it impact e-commerce?

[intelisync]

Web3 for E-commerce: 5 Must-Know Reasons to Get Started

The digital revolution is here, and Web3 is leading the charge. Discover how your e-commerce business can benefit from this groundbreaking technology.

Web3, also known as Web 3.0, introduces a decentralized internet framework that brings significant advantages to e-commerce businesses. Blockchain technology, a cornerstone of Web3, offers unmatched security with its immutable ledgers and multi-signature wallets, ensuring safe and fraud-resistant transactions. This security is crucial in protecting both businesses and consumers from cyber threats.

Transparency is another hallmark of Web3, enabling customers to verify the authenticity and origin of products through immutable blockchain records. This builds a level of trust and loyalty that traditional e-commerce models struggle to achieve. Additionally, Web3 enhances operational efficiency with smart contracts that automate processes, reduce costs, and eliminate human error, providing a seamless and cost-effective solution for managing supply chains and transactions.

Embrace the future of e-commerce with Web3. Contact Intelisync to learn how our expert solutions in blockchain and decentralized technologies can transform your online store. From security enhancements to operational efficiencies, Intelisync is your partner in pioneering the Learn more....

[theweb3]

Understanding Web3: The Future of Digital Ownership and Business

What Does Web3 Mean for Your Business?

Web3 isn’t just about cryptocurrencies, NFTs, or the metaverse. It’s a shift in how we experience and interact with the internet. Think of it as the next chapter of the digital world—one that prioritizes decentralization, ownership, and user-driven communities.

🌐 The Evolution of the Web

🔹 Web 1.0 (Read-Only Internet) ��� Static websites and basic information sharing. 🔹 Web 2.0 (Read-Write Internet) → Social media, user-generated content, and platform-driven interactions. 🔹 Web3 (Read-Write-Own Internet) → Decentralization, blockchain-based transactions, and digital ownership.

Right now, Web 2.0 platforms dominate. They own user data, control monetization, and act as middlemen in digital interactions. Web3 changes this by allowing users to own digital assets, control data, and participate in decentralized ecosystems.

🔑 Key Features of Web3

1️⃣ Decentralized Ownership – No central authority controls assets; users retain ownership. 2️⃣ Blockchain Transparency – Transactions are verifiable, secure, and permanent. 3️⃣ Token-Based Incentives – Users can earn rewards for participation, engagement, and contributions. 4️⃣ Smart Contracts – Automated agreements that ensure fair transactions. 5️⃣ Community-Driven Economy – Brands and users collaborate on value creation.

🏆 Why Businesses Should Care About Web3

🚀 New Revenue Streams – Digital collectibles, tokenized assets, and direct-to-user commerce. 💡 Consumer Engagement – Personalized experiences, loyalty rewards, and co-creation opportunities. 🔄 Redefined Brand Relationships – Users become stakeholders, not just consumers. 🔗 Blockchain Trust & Security – Eliminates intermediaries, reducing fraud and inefficiencies.

🔄 How Web3 Impacts Business Models

📢 Marketing & Community Engagement Traditional advertising relies on third-party data. In Web3, brands can reward users for voluntarily sharing data or engaging with content.

🏪 Retail & E-commerce Imagine purchasing a digital sneaker NFT that also grants you the real version. Or selling second-hand digital products just like physical goods.

🎟️ Loyalty Programs Instead of being locked into one brand, Web3 loyalty points could be traded or used across multiple businesses.

🌍 The Future of Digital Identity & Commerce

🔹 Virtual assets will hold real-world value. 🔹 Smart contracts will automate agreements in business and finance. 🔹 Users will have more control over their data, monetizing it on their terms. 🔹 Communities will drive brand success through collaboration, not just consumption.

Web3 is still evolving, but its potential is massive. Now is the time for businesses and creators to explore, adapt, and innovate. Those who embrace the change early could shape the next generation of the internet.

[channelsdotbiz]

Explore Web3's core principles and how Channels.biz integrates blockchain, DeFi, and smart contracts to empower creators and reshape industries. #Web3 #ChannelsBiz

[dzinepixel]

How Web3 and Blockchain Will Impact Website Development in 2024

The rapid evolution of technology has brought about significant changes in web development, and one of the most transformative shifts on the horizon is the advent of Web3 and blockchain technology. Web3 represents the decentralized version of the internet, where users can take greater control of their data and digital identities. Blockchain, the underlying technology behind cryptocurrencies, is a crucial component of Web3 and is poised to revolutionize how websites are built, secured, and monetized in 2024.

In this blog post, we will explore the impact of Web3 and blockchain on website development, and how companies, including website design and development companies in India, can adapt to these changes to stay competitive in the digital space.

What is Web3 and How Does It Differ from Web2?

To understand the impact of Web3 on website development, it’s essential to first grasp the key differences between Web2 and Web3. Web2, the current version of the internet, is largely centralized, with major corporations and platforms controlling vast amounts of user data. Social media networks, cloud providers, and search engines dominate the landscape, dictating how data is managed, shared, and monetized.

Web3, on the other hand, is built on blockchain technology and aims to decentralize the web. Instead of relying on centralized servers, Web3 applications are distributed across a network of nodes, offering more transparency, security, and control to users. In a Web3 world, users can interact with websites and applications without intermediaries, retaining ownership of their data and digital assets.

The Impact of Blockchain on Web Development

Blockchain’s decentralized nature is not limited to cryptocurrencies—it also offers a range of applications that can enhance website development in several ways:

Enhanced Security and Privacy: Blockchain’s inherent security features, such as encryption and immutability, make it an ideal solution for protecting user data. Websites built on blockchain technology can provide enhanced security by ensuring that data cannot be altered or tampered with, making them less susceptible to hacking and data breaches.

Additionally, blockchain’s decentralized structure removes the need for central servers, reducing the risk of single points of failure. This can lead to more resilient and robust websites, particularly in industries like finance, healthcare, and e-commerce, where data security is paramount.

Decentralized Applications (dApps): One of the core elements of Web3 is the use of decentralized applications, or dApps. Unlike traditional web applications that run on centralized servers, dApps operate on blockchain networks, enabling greater transparency and user control. For website developers, this means a shift in how applications are designed and deployed.

dApps provide a more transparent and trustless environment, as they run on smart contracts—self-executing contracts with the terms of the agreement written into code. This allows businesses to create decentralized services, where users can interact directly with the platform without relying on intermediaries.

Ownership of Digital Assets: In Web3, digital assets, such as NFTs (non-fungible tokens), are becoming an integral part of the online experience. Websites that integrate blockchain technology can allow users to buy, sell, and trade digital assets directly on the platform. This opens new revenue streams for businesses and content creators, as they can monetize digital goods without the need for traditional payment processors.

For instance, artists, musicians, and designers can sell their work as NFTs on blockchain-enabled websites, ensuring they retain ownership and receive direct compensation for their creations.

Tokenization and Rewards Systems: Another significant impact of Web3 on web development is the rise of tokenization. Businesses can create their own digital tokens to reward users for their engagement or contributions. These tokens can be traded, sold, or used within the platform, creating a more interactive and gamified user experience.

This trend is already being adopted by various platforms, where users are rewarded for actions such as posting content, participating in discussions, or completing tasks. Token-based rewards can enhance user engagement and loyalty, making websites more dynamic and community-driven.

How Website Development Will Evolve with Web3 and Blockchain

The shift to Web3 and blockchain will require developers and website design and development companies in India to rethink their approach to building websites. Here are some key changes we can expect in 2024:

Decentralized Hosting: With Web3, websites will no longer be hosted on traditional centralized servers. Instead, they will be hosted on decentralized networks like IPFS (InterPlanetary File System), which distributes files across a global network of nodes. This decentralization reduces the risk of downtime and improves data redundancy, ensuring that websites remain accessible even if part of the network goes down.

Smart Contracts Integration: Web developers will increasingly need to work with smart contracts, particularly when building decentralized applications. Smart contracts automate processes like payments, legal agreements, and user interactions without the need for intermediaries. This can streamline business operations and reduce costs for website owners.

User-Centric Privacy: In Web3, users are in control of their data. Websites will need to adapt to this new paradigm by offering users greater transparency and control over how their information is used. This will involve integrating blockchain-powered authentication systems, where users can choose what data to share without relying on traditional login credentials.

Interoperability with Digital Wallets: As blockchain-based wallets become more common, websites will need to incorporate wallet integration, allowing users to interact with the platform using their digital wallets. This will enable seamless transactions, such as purchasing products, accessing gated content, or verifying ownership of digital assets.

Conclusion

Web3 and blockchain technology are set to disrupt traditional website development in 2024, offering new opportunities for businesses to create decentralized, secure, and user-focused online experiences. As companies embrace this shift, website design and development companies in India will play a crucial role in helping businesses transition to this new era of the internet.

[floyx]

The future expectation of Web 3. 0 in Data Privacy

The two biggest priorities for online services are privacy and safety. Though safety means no one can come and steal your property, privacy means your neighbor cannot look at what you’re doing in your bedroom. Is your data secure when you have it posted on the internet? Discussions on web3 impacts in the aspect of data privacy shed the spotlight on large technology organizations.

For instance, Facebook, Instagram, and Twitter are virtual playgrounds for publishing and sharing materials through an interface. It covers the text, images, videos, and even audio files that the users of social media networks upload. Suppose you posted a picture of how your family celebrates your marriage anniversary on the social media platform. The uploading of images is through a specified social media site using your account. On the same note, there always arises the question of whether the account belongs to you.

The data created, used, and disseminated in social media and other applications in the current web2 model remains within the control of the center. Maybe you will consider the risks regarding data privacy resulting from centralization. When a user agrees to store data with the centralized servers of an organization, he or she grants them the rights over data utilization.

Moreover, the requirement for data privacy in web3 data is also evident in the uncontrollable dominance of technology giants over user information. For instance, an image of your anniversary celebration may be removed by a social media platform, and the platform’s action could not be challenged by the user. How will web3 bring modification in the approaches to control data ownership and data privacy? Let us look at the possibilities of data privacy about web3 and identify the answer with the help of a summary of the options.

What is Web 3.0?

Understanding Web 3. 0

The first criterion to assess the web3 role in data privacy would be the definition of web3. Trying to get a better understanding of the principles of web3 fundamentals, you can get a clearer picture of how web3 affects data privacy. Web 3. 0 is the semantic and decentralized version of the internet that could parse natural language communication and enable the users.

Perhaps one of the most widespread definitions of web3 describes it as a Delicious, easy-to-use, and even wider Internet. From the definition of web3, how does it create an association with a user’s privacy? Therefore, let us think about the question one more time with a brief consideration of the previous forms of the web.

Web 1. 0, the first version of the internet presented to human users, was static in its functioning. It was the ‘read-only’ interface in which the website contained fixed text-like information. The need to perform a DPIA became clear-cut with the emergence of Web 2. 0 or the ‘read-write’ web.

The second generation of the web comprises social media, dynamic websites, and e-commerce websites. Most importantly, web2 incorporated the concept of user-generated content which was a giant leap from what web1 offered. Because of the features that web2 possessed, users could cooperate and get web experiences with interaction.

Another major issue that came out of web2 was the service providers themselves. Email service providers, social media companies, and any other internet service provider in web2 have the benefit of holding user data in their own hands. What more could you expect when you allow them to put all your data in centralized servers? For instance, Facebook or Instagram could permanently delete your photos claiming that they violate the set community standards.

Besides this, centralization itself also brought in issues related to security, which raised questions about the sustainability of web2.

These concerns about web3 impact on data privacy gave way to the idea of developing a version of the web that has more security and privacy features. Blockchain-based web3 has employed technologies like blockchain, AI, and IoT to maintain a user-interactive, decentralized, and private environment on the web.

Problems with Data Privacy

It is necessary to address existing data privacy issues first while discussing how web3 protects data privacy. What are the improvements web3 security holds over the current technological platforms? The tech giants who have absolute control over the personal data of the users dominated web2 in the current structure.

Indeed, web2 has raised awareness about the lack of privacy online. Users must agree to certain conditions to use the site and its services. From a simple sharing site like Facebook to business-oriented services like Linked In or even simple services like email, one has to agree with the provider's terms of service.

You have read the phrase ‘online privacy does not exist many times, and it reflects reality in most scenarios. The answers to How does web3 protect privacy? highlight the issues with the constantly emerging Web 3.0 digital marketing environment. For example, tracking cookies and user data is crucial for digital marketing. However, for effective digital marketing, businesses must depend on user data.

Consumers have only recently realized the issue with submitting their data to big tech companies. Situations like the Cambridge Analytica scandal or the alleged participation of Facebook have only reinforced the skepticism of users in Web 2. With dramatic volatility, one can consider Facebook's share, which fell by 26% within one day in 2022. Web2 has strong regulations to protect user privacy.

Regulations like CCPA and GDPR contain drawbacks that do not provide an all-encompassing shield. While GDPR has resulted in several penalties, tech giants are not financially strained by these penalties. In a way, the compliance cost for Web2 companies is also monetary, but no legal implications are involved.

How will Web3 maintain user privacy?

The worries about users’ privacy in web3 suggest that the internet still requires a lot of development. Thus, it is high time to make some fundamental shifts concerning the principles of the Web to improve the relations between different businesses and their consumers. The review illustrates how Web3 impacts data privacy, highlighting issues contentious among users. For instance, issues like ownership of data collected and data protection are some factors that cause privacy invasion in web2. Now, let us consider how each of the areas that web3 could improve could contribute to protecting users’ privacy.

Data Ownership

The first positive effect revealed by the web3 concept concerns data ownership. Introducing Web3 as the next evolution of the internet, it leverages blockchain technology to enhance UX through user-centric control of their data. Blockchain in Web3 ensures the internet operates on a decentralized network of nodes.

Blockchain can ensure higher transparency for users through distributed public ledgers. One could confirm or check most data records by using a few easy-to-follow steps. Users could regain possession of their data including social content, activity, and lists. The concept of data ownership in web3 results in reflecting user content. Therefore, web3 data privacy would see the impossibility of letting a platform get or use the user’s data without their consent. Users could regain possession of their data, consistent social content, activity, and lists. Thus, the changes in data ownership and control can benefit future web3 users in terms of privacy.

Incentives in Web3 Ecosystem

As mentioned, some blockchain networks have been testing the waters about the probability of using incentives to secure data. In the blockchain environment, all the nodes necessary for maintaining the ledger and supporting the network are the main participants. Looking for the answers to “How does web3 protect privacy?” or Blockchains that reward its participants.

The part of the design that can be qualified as relevant to promoting fairness and transparency is the incentives offered to participants. On the other hand, blockchain networks could also punish violators as defined in the different roles of the blockchain networks. You could think of DAOs or Decentralized Autonomous Organizations as one of the best examples of implementing such incentives. The structure of the DAOs guarantees that all of the community members obey the protection rules of the user’s privacy.

Data sharing will not End-

In Today's time, the most frequently addressed risk is the disclosure of user data without permission. Many of you do not realize that technology companies such as Google and Facebook provide your data to advertising companies. The critics of web3 might have thought that web3 would end data sharing and that your data would remain with you. On the other hand, web3 will enable users to take control of how and when to contribute their data.

Users would also be aware of the time they would spend sharing their data and how data would be used. For instance, users should know about the third-party entities that buy the data gathered by a particular platform. Moreover, users would have the flexibility to decide and control the withdrawal of the shared data at their discretion. If a user is not happy with his data being used or is unwilling to share their data with a particular firm, they can withdraw the access rights.

Improved Cybersecurity

State security is another innovation that the impact of web3 brings to data privacy. That highlights blockchain technology security. Blockchain has been designed to give a solution that is immutable and of a cryptographic nature. Approximately at least millions of people become victims of data breaches annually. Blockchain has great potential in preventing data leaks.

The need to secure web3 is also evident from the benefits of public-private key cryptography. Information about web3 remains sticky and thereby remains permanent and transparent despite residing in the public interface. Additionally, the advanced changes with the introduction of technologies such as AI may enhance the cybersecurity posture of web3.

Safety for Digital Identities

AI used in Web 3 applications can also enhance identification check processes that are useful to improve data protection. For example, the AI implementation in KYC technologies could assist firms with the use of automated regulatory search engines.

It could help web3 enhance data privacy by developing features that include real-time monitoring of footprints, name and keyword blocking, and research. The ever-increasing volume of data created online leads to more opportunities for digital identity theft. The losses caused by digital identity theft also reduced to nearly $ 52 billion within the United States alone. Consequently, web3 can provide a rather significant solution to identity theft, which helps to protect users’ privacy.

Smart contracts and Data Ownership

Blockchain could guarantee that the data belongs to the user and is changeless. The use of smart contracts can also answer how Web3 protects privacy since the ownership of assets could be encoded on high-class contracts. For example, NFTs are the best examples of applying smart contracts to provide ownership proof of digital and virtual things. Furthermore, the high contract provides web3 users with a clear way towards the ownership of virtual assets.

Threats and Opportunities for Data Privacy in Web3

Web3 provides better data privacy but faces several challenges. It allows you to learn more about the effects of web3 on data privacy and discover possible approaches to applying web3 in real life. However, web3 technologies are costlier and need more initial capital investment. Similarly, the involvement of governments and regulatory bodies in web3 implementation may lead to tensions between the law and individual privacy. In my opinion, Web3 is one of the biggest steps forward in the progress of the Internet. While it is much more private, secure, and decentralized with the help of other technologies, it is a better variant of the Internet. The web3 security and privacy opportunities produced are based on blockchain, AI, and smart contracts.

The introduction of the changes in the web3 world has brought the issue of data privacy to probably the most attention. For the companies that plan to leverage the existing reputation of web3, one must look at the difficulties of implementing web3 as well. For example, it describes potential issues of web3 concerning the high first costs for its implementations and legal issues. Read more about web3 basics and discover its benefits for data protection here.

[ismspune]

Innovate and Lead: MBA in Business Innovation and Entrepreneurship in Pune

Introduction to the Need for Innovation and Entrepreneurship in MBA

In Pune, one of India's educational hubs, top MBA programs are evolving to meet the demands of a tech-driven world. But what does innovation and entrepreneurship mean in today's landscape?  - It's not just about starting a business or introducing a new product. 

According to McKinsey, innovation today is about mastering generative AI, closing the tech talent gap, and diversifying tech investments. Entrepreneurship has evolved too; it's about scaling and adapting to trends like Web3 and quantum technologies. With a 400,000 job posting increase in these fields between 2021 and 2022, the need for specialized skills is evident. 

So, if you're considering MBA colleges in Pune or anywhere else, opt for programs that go beyond traditional curricula and align with these real-world shifts."

Decoding the Future of Leadership: Why Your MBA Needs to Go Beyond the Basics

Innovation today is more than just a buzzword; it's a complex interplay of technologies and strategies that are reshaping the business landscape. According to McKinsey, generative AI alone has the potential to add as much as $4.4 trillion in economic value. This isn't just about automating tasks; it's about creating new avenues for business growth and societal impact.

Leadership in the modern world isn't just about managing teams; it's about understanding these tech trends and integrating them into your business strategy. The article emphasizes that a balanced, portfolio-oriented approach to tech investment is crucial. This means not just jumping on the latest trend but understanding how various technologies, from cloud computing to quantum, can fit into a long-term growth strategy.

The talent dynamics are also shifting dramatically. McKinsey's survey of 3.5 million job postings in tech trends found a significant gap between demand and available talent. This isn't just a hiring challenge; it's a strategic issue that could constrain growth. MBA programs need to prepare future leaders who can navigate this complex, rapidly evolving landscape.

So, if you're considering an MBA College, especially in a tech-hub like Pune, you need to look beyond traditional curriculums. Programs that offer a deep dive into these tech trends, balanced with a strong foundation in management and strategy, will be the most valuable.

In the next section, we'll take a closer look at how MBA colleges in Pune, are evolving to meet these challenges.

Overview of Top MBA Programs in Pune

Navigating the MBA Landscape in Pune: Curriculum and Innovation

The MBA landscape is evolving, and nowhere is this more evident than in Pune, a hub for top MBA programs. While traditional business courses like marketing and finance are still core, there's a shift towards integrating tech and innovation into the curriculum. Here's how MBA colleges in Pune are catching up:

AI and Machine Learning: Some programs now offer specialized courses in AI, reflecting the industry's demand for tech-savvy managers.

Sustainability and Renewables: With the climate crisis at the forefront, courses in sustainable business practices are becoming common.

Entrepreneurship: Beyond just a subject, some colleges offer full-fledged entrepreneurship tracks, aligning with the startup culture.

Digital Marketing: Given the rise of e-commerce and online branding, digital marketing is often a standalone course now.

Blockchain and Web3: Emerging tech like blockchain is making its way into the curriculum, preparing students for the decentralized future.

Soft Skills: Emotional intelligence, leadership, and negotiation are getting their due attention, recognizing that tech skills alone don't make a leader.

Certifications: Many programs offer additional certifications in data analytics, project management, or other specialized skills.

Global Exposure: Some colleges offer international modules or semesters abroad to give students a global perspective.

Industry Collaboration: Real-world projects and industry tie-ups are increasingly common, bridging the gap between academia and the corporate world.

Flexibility: Customizable electives allow students to tailor their MBA experience according to their career goals.

So, if you're considering an MBA, especially in innovation and entrepreneurship, make sure to pick a program that's not just a brand name but aligns with your career ambitions. The management institutes in Pune offer a range of options, but the onus is on you to navigate this landscape effectively.

Featuring ISMS Pune: A Leader Among MBA Colleges in Pune

ISMS Pune has been operational for 13 years, from 2009 to 2022. Affiliated with Savitribai Phule Pune University and AICTE, it's a key player among MBA colleges in Pune.

Courses Offered

The MBA program at ISMS Pune is a blend of practical exposure and academic rigor. It uses case studies, projects, and assignments as learning tools. Subjects covered include Accounting for Business Decisions, Economic Analysis, Business Research Methods, Organizational Behavior, Basics of Marketing, and Digital Business.

Benefits of ISMS Pune's MBA in Business & Innovation

Skill Specialization

The program zeroes in on creative thinking. It features an Employability Skills Development Program with training sessions, workshops, and certification programs.

Industry Relevance

ISMS Pune's curriculum is designed to meet corporate demands, making it a standout among management institutes in India.

Networking Opportunities

ISMS Pune offers mentoring programs, giving students a leg up in the corporate world.

Career Advancement

The program comes with a 100% placement promise within specialized domains. Plus, earn-and-learn opportunities are available post the first-year summer internship.

Placements

ISMS Pune's MBA program in Business Innovation and Entrepreneurship is a blend of academic rigor and real-world applicability. The institute has tie-ups with a broad spectrum of top-tier and emerging companies, including ICICI Bank, HDFC Bank, Capgemini, Reliance, Hffc, Center for Computational Technology, Azzulo, Machintel, Johnsons Controls, SG Analytics, efl, Magicbricks, Nobroker, Satguru, Paytm, Bajaj Finserv, Tcs, Flipkart, Thermax, Papermedia, TresVista, Ascentrik Research, Snapdeal, FedEx, Godrej Properties, Square Yards, IDFC First Bank, and Tork Motors. These partnerships offer students a wide range of career opportunities and high salary packages, reaching up to 15 LPA. Alumni have secured roles in prestigious companies, further supported by the institute's CV writing and interview prep programs. If you're considering an MBA program that aligns with industry demands and offers diverse career paths, ISMS Pune is a strong contender.

Conclusion: Make the Right Choice Among MBA Colleges in Pune

In a landscape teeming with top MBA programs, ISMS Pune stands out for its focus on innovation and entrepreneurship. Aligned with McKinsey's insights on the future of tech and business, this program offers a comprehensive curriculum and strong placement records. If you're scouting MBA colleges in Pune, ISMS Pune should be on your radar for a future-proof career.

[primorcoin]

New Post has been published on https://primorcoin.com/worldwide-webb-founder-explains-the-role-interoperability-will-play-in-web3/

Worldwide Webb founder explains the role interoperability will play in Web3

On Nov. 11, NFT Steez, a bi-weekly Twitter Spaces hosted by Alyssa Expósito and Ray Salmond, met with Thomas Webb, the founder of the interoperable avatar game Worldwide Webb, to discuss the integration of interoperability in Web3 and the Metaverse. 

By definition, interoperability is a feature of Web3 whereby a product or system can work seamlessly across platforms with other products or services. Webb defines interoperability simply as “creating a token— a nonfungible token (NFT)” since, at its most basic level, no one can control it besides the creator.

But how does interoperability function presently in Web3, and what is its potential impact?

Executing interoperability the “right” way 

When discussing how interoperable applications can create a profound impact, Webb described the creativity he has seen from NFT communities and brands.

Whether it comes from “creating a product, creating ideas, or creating experiences,” Webb believes that enabling the creation of intellectual property (IP) allows users to display their loyalty and in other ways, their achievement.

Interoperability also seems to function in tandem with token-gated experiences, according to Webb. In essence, users can get closer to authentic experiences by using the token they hold as an access pass to attend events and receive perks.

This integration enables brands to cross-collaborate, reach their users and create a proliferation of value, or as Webb says, “infinite value.” 

Related: NFT Steez and Lukso co-founder explore the implications of digital self-sovereignty in Web3

Interoperability applications across sectors 

“Interoperability could be the backbone of everything,” stated Webb when asked about the sectors interoperability could seep into.

For Webb, the more transparent and data-driven platforms can be, will yield more collaboration and engagement across tech companies. Ultimately, Webb believes that e-commerce, creative experiences and even concepts like identity and self-sovereignty will be impacted by the concept of interoperability.

However, even with interoperability as a cornerstone of Web3, Webb did express the inevitability of risk and challenges associated with creating a standard that suits all countries. 

According to Webb, the presence of centralized regulatory bodies could continue to inhibit experimentation and growth. 

To hear more from the conversation, tune in and listen to the full episode of NFT Steez and make sure to mark your calendar for the next episode on Dec. 2 at 12 pm EST.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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