NFTs (Non-Fungible Tokens) are unique digital assets that use blockchain technology to prove their ownership and authenticity. NFTs can represent a wide range of digital content such as images, videos, audio files, virtual real estate, and more. They cannot be duplicated or divided, as each NFT is unique and represents a one-of-a-kind item.
The metaverse refers to a virtual universe or a collective space where users can interact with each other and with virtual objects, often in the form of computer-generated graphics and simulations. The metaverse is often seen as a decentralized and immersive alternative to the traditional internet, and NFTs play a crucial role in representing and transferring ownership of virtual assets within it.
Web3 refers to the next generation of the internet, where users have more control over their data and online identity. Web3 technologies, such as blockchain, aim to create a more decentralized, secure, and user-centric internet, where users can interact and transact without intermediaries. The metaverse is often seen as a crucial component of the web3 vision, as it provides a space for users to interact and transact using Web3 technologies.
I have mentioned the following during the event:
In 2023, there are several financial trends and challenges that people should pay attention to:
Interest rates: Interest rates are likely to remain low, which could have an impact on investments and the housing market. Defi could come back in the later part of the year as a form of hedge to the high interest rate.
Inflation: With the ongoing global economic recovery and increasing demand for goods and services, there is the potential for inflation to rise, which could affect the purchasing power of consumers.
Digital currencies: Digital currencies, such as Bitcoin and Ethereum, are likely to continue to gain popularity, and they may pose both risks and opportunities for investors. It’s important to understand the technology and the market before investing thoroughly. On the one hand, cryptocurrencies are often seen as a hedge against inflation, as they are decentralized and not controlled by a central authority. In times of high inflation, some investors may see cryptocurrencies as a safe haven for their wealth, which can drive up demand and increase the value of cryptocurrencies.
Environmental, Social, and Governance (ESG) Investing: ESG investing is becoming increasingly popular as people become more conscious of the impact their investments are having on the environment and society. This trend is likely to continue in 2023, and there will be opportunities for investors to put their money into companies that align with their values. We may see “green bitcoins” as a popular thing, or crypto with renewable/ alternative properties would be popular.
Emerging markets: Emerging markets eg Kenya, for example. are likely to present significant investment opportunities in 2023, particularly in areas such as technology, infrastructure, and consumer goods. I see gaming and the metaverse a big thing in emerging markets.
It’s important to keep in mind that these trends and challenges are subject to change based on global economic and political events, and it’s essential to consult with a financial advisor and thoroughly conduct research before making any investment decisions.
More insights can be found on the recording.
This event was organise on 4th Feb. 2023 21:00pm SGT (17:00pm Dubai Local Time)
Tomorrow Conference (https://twitter.com/tmrwconf) and
Bybit NFT (https://twitter.com/Bybit_NFT)
Bybit Web 3(https://twitter.com/Bybit_Web3)
Bybit MENA (https://twitter.com/BybitArabic)
Scott Tripp, Marketing Lead of Blockcast.cc
Sam Aly, Country manager of Bybit MENA Region
Zoran Tadic, Program director of TMRW Conference
Martina Andjelkovic, Head of marketing of TMRW Conference
Jenny Zheng, BD Lead of Bybit web3
Dr. Ran, ETHF Core Member
Anndy Lian, Book Author of NFT: From Zero to Hero
To conclude, NFTs, metaverse, and web3 are interconnected concepts that together represent a vision for a decentralized, immersive, and user-centric digital world where ownership, authenticity, and interaction can be managed in new ways.
Listen to the event on Spotify: https://open.spotify.com/episode/7IeL6eHqNaruFjD1RPbUlJ
Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.
Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.
An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.