Tag Archives: exploring

“NFTS ARE NOT DEAD”: EXPLORING BYBIT’S ANNDY LIAN’S TAKE

“NFTS ARE NOT DEAD”: EXPLORING BYBIT’S ANNDY LIAN’S TAKE

While NFTs have been the subject of both hype and skepticism, Head of Partnerships for ByBit, Anndy Lian, has taken a positive view of the current landscape. In a recent article, Lian dismantles the notion that the NFT market has reached its end. Contrary to popular belief, he argues that NFTs serve as a catalyst for a new era of creativity and financial accessibility.

Emerging Trends

To start with, Lian references the market’s rise to a $10.7 billion total market cap in 2021 and its subsequent fall. He points out that despite this downturn in the market, several promising trends are taking shape. For example, generative artwork allows users to mint unique digital art pieces through algorithms or computer programs. Projects like Art Blocks and Otherside have already made strides in this space.

He also highlights the idea of fractionalizing high-value collectibles. This involves breaking down a rare or expensive NFT into smaller, tradable portions. According to Lian, this approach expands access and investment opportunities in high-value NFTs for a broader audience.

Furthermore, established companies like Coca-Cola and Marvel are entering the NFT sphere by creating digital collectibles or collaborating with existing NFT communities. “This shows the growing mainstream recognition and adoption of NFTs as a new form of digital expression and engagement,” says Lian.

Lian’s latest project, the Velocity Pass, demonstrates how NFTs can evolve over time. Limited to 1,000 pieces, each new drop of this NFT series reflects the developments in Oracle Red Bull Racing’s RB19 race car and the Formula One World Championship. The project features artwork from collaborating artists such as Rik Oostenbroek, Per Kristian, and Erick “Snowfro” Calderon.

Beyond Art and Collectibles

According to Lian, the transformative power of NFTs extends well beyond the realm of art. They have the potential to revolutionize our understanding of ownership and property rights. He asks us to “Imagine a world where disputes over ownership are virtually nonexistent, where property rights are as secure as the blockchain itself.” In addition to artwork, these changes could affect various sectors like real estate and intellectual property.

Anndy Lian presents a compelling case for the ongoing relevance and transformative potential of NFTs. Despite market fluctuations, emerging trends and broader applications suggest that the NFT phenomenon is far from a short-lived craze. As blockchain technology continues to mature, NFTs have the potential to reshape our concepts of value, ownership, and creativity.

Lian concludes his article by dismissing claims that NFTs are a fading trend, saying, “The obituary for NFTs is premature at best and, at worst, a misunderstanding of the transformative power of these digital tokens.”

 

Source: https://nftnewstoday.com/2023/10/14/nfts-are-not-dead-exploring-bybits-anndy-lians-take/

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”.

www.anndy.com
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Exploring Brian Armstrong’s 10 Favorite Ideas in Crypto

Exploring Brian Armstrong’s 10 Favorite Ideas in Crypto

From flatcoins to international payroll on the blockchain – Coinbase CEO Brian Armstrong’s vision for the future is sweeping.

Cryptocurrency was once a fledgling field dominated by tech enthusiasts, but it has now captured the imagination of innovators globally.

And with it, the next wave of blockchain business ideas and how they can impact the world are a key focus for companies such as Coinbase.

Disruptive technologies and the convergence of the traditional financial world with digital currencies present an unprecedented paradigm shift – but work still needs to be done.

We dig into the businesses Armstrong would be “starting today if he could” and how these would affect the world of tomorrow.

I’m sometimes asked, if you were to start another crypto company today, what would it be? The crypto space is in its infancy. In five years, many entrepreneurs will be looking back wishing they had started a crypto company in 2023. Bear markets are for building, so why not start today?

I decided to share my 10 top ideas with the hope that someone goes out and builds them. Ideas are cheap. It’s the hard work and determination to go build them that will be challenging. Coinbase has the resources to build a lot in crypto, but we don’t have time to build everything.

Coinbase’s Clarion Call for Innovation

Brian Armstrong’s video and post this week aren’t merely about capitalizing on a trend but pioneering the next wave of innovations that could redefine society’s economic fabric.

Coinbase, one of the crypto industry’s juggernauts, sees an even grander future.

By highlighting areas ripe for exploration and disruption, Armstrong seeks to catalyze a collective push into new realms, opening doors to solutions that have only been imagined so far.

This comes ahead of the Coinbase Ventures Summit, which aims to bring together 30-40 builders to shift the boundaries of crypto innovation.

Let’s delve deeper into each of these crypto frontiers to truly grasp their potential.

Brian Armstrong’s Top 10 Crypto Ideas

1. Flatcoin: Reinventing Currency

Armstrong’s envisioning of a ‘flatcoin’ is a technical marvel and a societal game-changer.

It sets out to resolve the inconsistencies in traditional currency values and the disparities caused by inflation that still plague fiat-pegged stablecoins.

By mirroring consumer prices, flatcoins could bring stability in a volatile financial landscape, and with decentralized operations, they could bypass governmental controls and market speculations, ensuring a more egalitarian global economy.

The true beauty lies in its potential to become a universally accepted medium of exchange without the baggage of regional economic pressures.

2. On-chain Reputation: Trust in a Trustless World

In an era where anonymity is both a boon and a curse, a decentralized reputation system is no less than revolutionary.

Armstrong’s idea transcends mere online reviews; it aims to create a robust, unfalsifiable ledger of trust.

Businesses and individuals alike could benefit. Imagine entering any transaction armed with an indisputable record of the other party’s history – this could redefine due diligence, lending practices, or even simple online trades.

“I think on-chain reputation should be expanded into ‘on-chain credit score,’” said Anndy Lian, an inter-governmental blockchain expert and book author of Blockchain Revolution 2030.

“Decentralized identity solutions like ENS provide a foundation for trust; however, knowing who to trust among the vast number of participants in a decentralized network remains challenging. On-chain credit scores could act as a reliable indicator of the trustworthiness of an entity.

Lian added: “Thinking further, on-chain credit scores could also play a role in distributing airdrops more equitably; VIPs or users with higher on-chain credit scores could be rewarded for their participation and positive contributions to the network.

“While all these are good to have, I still want to caution that the accuracy of the on-chain data used to calculate credit scores is crucial. Garbage in, garbage out—meaning the credit scores could be unreliable if the data is flawed or manipulated.”

3. On-chain Ads: The Evolution of Advertising

With Web 3.0, the Internet will no longer be a static repository; it will become an ever-evolving organism tailored to individual users.

In this setting, on-chain advertising has the potential to redefine marketing dynamics; instead of being intrusive, ads could become informative and welcomed.

Based on transparent metrics, advertisers can provide genuine value to consumers – Armstrong’s vision could spell the end of ‘spray and pray’ marketing tactics, moving towards precision and authenticity.

4. On-chain Capital Formation: Democratizing Fundraising

Armstrong taps into the shortcomings of present-day fundraising mechanisms – the exclusivity of venture capitalism or the geographically confined nature of crowdfunding.

Envisaging a crypto-powered platform, capital could flow seamlessly across borders, championing projects solely based on merit.

Innovators worldwide could access funds, removing traditional barriers and leveling the entrepreneurial playing field.

5. Job/Task Marketplace for Crypto: Bridging Global Labor

With its geographical and economic barriers, the conventional job market often leaves talent untapped.

Armstrong’s proposed crypto job marketplace can transcend these barriers; professionals worldwide could offer their expertise, ensuring a global talent pool.

It wouldn’t just be about getting tasks done; it would be about getting them done by the very best, irrespective of where they reside.

6. Privacy for Layer 2: Transactional Privacy in the Spotlight

Privacy concerns are paramount in an increasingly interconnected world; the dichotomy between transparency and privacy becomes evident as blockchain expands.

Armstrong’s push for layer 2 privacy solutions underscores the need for personal and business transactions to remain confidential without sacrificing blockchain’s inherent transparency.

This strategic move could bolster widespread blockchain adoption, assuring businesses and individuals of their confidentiality.

7. P2P Exchange Fully On-chain: Decentralizing Trade

Centralized exchanges, while popular, often become single points of failure in the crypto space.

Armstrong’s vision for a fully on-chain P2P exchange aims to circumvent this issue; users could enjoy direct trades without the intervention of third parties, resulting in reduced fees, increased security, and enhanced autonomy.

It’s not merely about trading assets but redefining the essence of trade.

8. On-chain Games: Immersive Gaming with Crypto

Armstrong recognizes that the gaming industry is not just about entertainment; it’s an evolving economy.

Integrating crypto mechanisms can allow gamers absolute ownership of in-game assets; this integration could spawn a marketplace where virtual items hold tangible value, blurring the lines between virtual economies and real-world financial systems.

Gamers could then transition from mere players to stakeholders.

9. Tokenizing Real World Assets: Merging Real and Virtual

The tokenization of assets isn’t a novelty, but Armstrong’s perspective takes it to new heights.

Beyond stocks or commodities, envision a world where art, property, or intellectual properties can be effortlessly traded on decentralized platforms.

It democratizes asset ownership, making investments more accessible to the average individual and potentially revolutionizing wealth distribution.

10. Software To Start and Manage Network States: Building Communities

Beyond crypto’s financial implications, Armstrong envisages a future where blockchain-backed software can nurture, manage, and govern communities.

This could encompass everything from niche online forums to sprawling digital cities; elements like voting, community contributions, and governance could be seamlessly managed, heralding an era of organized, transparent, and democratic digital communities.

The Bottom Line

The crypto realm, as painted by visionaries like Armstrong, isn’t a mere extension of the present – it’s a bold leap into the future.

As we venture into the heart of Armstrong’s visionary outlook, it becomes clear that he isn’t merely projecting the cryptocurrencies and tools of the future but also how its underlying technology might influence every facet of our society.

From transforming fundamental financial structures to reshaping the paradigms of trust, advertising, and even gaming, Armstrong paints a comprehensive picture.

A future where assets, digital or tangible, are accessible to all, where trust is algorithmic, and where borders, both geographically and ideationally, fade.

As traditional financial systems intertwine with crypto innovations, we can witness the dawn of an era where immediate settlements, democratized access, and seamless integrations become the norm.

This isn’t just technological advancement; it’s a societal evolution.

 

Source: https://www.techopedia.com/exploring-brian-armstrongs-10-favorite-ideas-in-crypto

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”.

www.anndy.com
j j j

Exploring NFTs: From Zero to Hero – Insights from Anndy Lian

Exploring NFTs: From Zero to Hero – Insights from Anndy Lian

In a recent discussion, we had the privilege of sitting down with Anndy, a distinguished figure in the world of blockchain and cryptocurrency. The focal point of our conversation revolved around his newly authored book, “NFTs: A Journey from Zero to Hero,” which delves into the intricacies of non-fungible tokens (NFTs) and how they have been misinterpreted within the industry.

Unraveling the Motivation Behind the Book
NFTs have taken the digital realm by storm, yet misconceptions about them abound. Anndy, with his vast experience, identified the need to clarify these misunderstandings. He recounted observing many respected acquaintances who owned significant blockchain-based enterprises falling prey to fraudulent schemes. This observation served as a catalyst for his book, as he was determined to equip individuals with a comprehensive understanding of NFTs.

Anndy’s mission was twofold: Firstly, he aimed to demystify NFTs by offering a crystal-clear definition of what they entail. Secondly, he sought to empower readers with practical insights, enabling them to navigate the NFT landscape without necessarily resorting to expensive consultations.

A Book Rooted in Experience and Authenticity
The uniqueness of Anndy’s book lies in its authenticity. Every piece of advice and guidance stems from his personal experiences and endeavors. Unlike other sources, the strategies and tools outlined in the book have been tried and tested by Anndy himself, providing readers with a sense of reassurance.

Anndy’s book emerges as a guidepost, offering readers a roadmap for entering the world of NFTs with confidence. His aim was not only to educate but to instill a feeling of empowerment among his readers, encouraging them to explore this innovative domain fearlessly.

Beyond “Zero to Hero”: A Glimpse into the Future
As the conversation continued, Anndy hinted at his upcoming literary endeavor. His new book, currently in progress, focuses on decentralization and its profound impact on technology and society. The title, “Decentralization: Redefining the Web,” hints at the broader scope of this work.

Anndy envisions a world where decentralization goes beyond eliminating intermediaries. He believes in a more profound application—one that challenges the conventional understanding of decentralization by integrating elements of artificial intelligence and automation. This vision, he asserts, will drive a sustainable transformation of industries, transcending the limitations of current paradigms.

Embracing the Future with Web 4.0
Anndy’s forward-looking perspective extends beyond the mere present. He views the emergence of Web 4.0 as an opportune moment for revolutionary change. While Web 3.0 has laid the groundwork for blockchain integration, Anndy emphasizes that Web 4.0 introduces a higher level of sophistication, driven by the fusion of artificial intelligence and decentralized architecture.

As the interview concluded, Anndy expressed his desire to witness the growth of informed and collaborative communities within the cryptocurrency space. He envisions communities that not only educate but also foster genuine understanding among participants. Additionally, he reiterated his commitment to working alongside governmental entities, believing that bridging gaps with influential stakeholders is essential for catalyzing positive changes.

In a parting note, Anndy hinted at the imminent release of his next book, leaving us eagerly awaiting his continued insights and contributions to the evolving landscape of blockchain and cryptocurrency.

In conclusion, our conversation with Anndy provided invaluable insights into the world of NFTs and decentralized technologies. His dedication to dispelling myths and his visionary outlook make him a beacon of knowledge and innovation in the crypto realm. We eagerly anticipate the release of his upcoming book and the transformative ideas it promises to unveil. Until then, as Anndy’s journey unfolds, we can only imagine the profound impact he will continue to have on the future of blockchain technology.

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”.

www.anndy.com
j j j