Anndy Lian Shares His Vision for Successful NFTs at NFT Meta Korea 2022

Anndy Lian Shares His Vision for Successful NFTs at NFT Meta Korea 2022

Speaking at the 14th World Blockchain Summit MARVELS, the Chairman of BigONE Exchange Anndy Lian said that key to success for NFT startups was a supportive community and a compelling user case. As a guest speaker at the event on February 22, under the theme of ‘NFT META Korea 2022’, Lian agreed that the global market for NFTs was very active currently but wanted to share his thoughts on how NFT projects can be successful in the longer run. One key factor that should be with a team from the outset is to ensure the NFT has utility, which is closely tied to the importance of community.

 

Lian illustrated the importance of getting this relationship between the NFT and its community, between creators and fans, with the example of starting a NFT around a well-known soccer player. While on paper the fans of a soccer player appear to be automatically part of the NFT community you are building, that isn’t necessarily the case. What was needed was a strong bond to be created between the fans and the soccer star and the platform for it to work. This was related to the importance of ensuring that when you see a new project in the NFT space you should as an investor consider whether it has utility. Lian added that for NFT creators it was important to be transparent about their offering to investors, not only to better convey its value, but also to ensure that when regulators start to enter the space in 2022 the quality of the NFT industry stands up to scrutiny.


With so much money, energy and creativity going to NFTs its clearly going to throw up some significant issues, and mistakes will be made. Just recently there was a legal battle over CryptoPunks, sparked by an issue with the original version of the code. The makers Larva labs attempted to ban the faulty V1 version, which had been replaced due to faulty programming code, and had the NFTs removed from OpenSea. While LooksRare, the rival to Opensea, was recently reported as experiencing significant wash trading.

 

But perhaps more worrying was the recent Wormhole bridge attack, when hackers managed to steal more than $320m from the bridge which connects the Ethereum blockchains. A ‘bridge’ is a protocol which allows crypto and NFT holders to move their assets across different blockchains. Wormhole’s bi-directional NFT highway provided a portal between Solana and Ethereum was only launched a few months ago, was designed to connect both communities and enable them to trade each other’s assets with ease. As reported in CNBC, analysis shows a hacker exploited a vulnerability on the Solana side of the bridge to create 120,000 so-called ‘wrapped’ Ethereum tokens for themselves. It appears that they then used these tokens to claim ETH that was held on the Ethereum side of the bridge.

 

This is indeed troubling on several fronts, not least because these bridge vulnerabilities have long been known about. Indeed, no less a figure in the crypto world than the inventor of Ethereum, Vitalik Buterin, posted early this year that so-called cross-chain devices such as bridges had “fundamental security limits”. The first reason is down to the fact that if a native blockchain suffers a 51% attack, which reverses a cross-bridge transaction (involving a transaction to another blockchain) then the asset could be left stranded in the non-native blockchain. Moreover, this vulnerability could potentially mean a successful 51% attack could threaten an entire crypto ecosystem. Clearly, the issue is as these handy bridges grow in volume, with the growth in DeFi and NFTs, that these issues will only increase. “Your data layer must be your security layer,” summarized Buterin in a tweet thread accompanying the Reddit post.

 

One neat solution to the threat posed by bridging hacks to NFT transactions was unveiled on February 18 by Ethereum-based platform Harmony, with a Bored Ape Yacht Club Passport. This allows users to import their NFT into play-to-earn game DeFi Kingdoms, which is also built on Harmony and boasts over 120,000 monthly active users. VP of Engineering at Harmony, Leo Chen, explained in a post in late 2021 that the wider importance of this new cross-chain bridge, as part of the Horizon bridge: “It is an important step of the cross-chain infrastructure provided by Harmony to enable a multi-chain ecosystem and one step closer to the upcoming metaverse. The multi-chain world and the metaverse require inter-connected blockchains, not just the fungible tokens, but also non-fungible tokens.” The advantage is that the bridge does not move assets, but rather establishes asset ownership. The second advantage is that it enables artists and creators, put off from participating due to high gas fees, to mint and collect NFTs as a result. A third benefit is that it allows creators to try out their art on Harmony first, and then when demand increase, to bridge to multiple blockchains.

 

Anndy Lian commented: “I welcome innovatory solutions to NFT cross-chain transactions such as that provided by Harmony, which not simply a safer solution, but which allows creators to get involved in the space without undue costs. It backs up my thesis that NFT projects need to be as transparent as possible when creating their offerings and grow a viable community as they progress.” The market in NFTs boomed in 2021, with total sales globally totaling $25 billion, up from just $94.9 million the year before, according to DappRadar. “Not surprisingly social media is awash with tales of get rich quick NFT success, from CryptoPunks to Bored Apes, and everything in between, but the fascination with digital art is going to change in 2022, with more use cases around utility. At its core of course NFTs are a great way for creators and artists to contact directly with their fans, with their community. And that’s probably the most compelling use case to date that’s going to sustain the growth of NFTs into the future,” Lian added.

 

 

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”.

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Metaverse: The Next New Internet Era, Meta Talkz with Anndy Lian

Metaverse: The Next New Internet Era, Meta Talkz with Anndy Lian

Anndy Lian is an early blockchain adopter and experienced serial blockchain entrepreneur who is known for his work in the government sector. Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. He is also the Chairman, Asia for BigONE Exchange. He was formerly an Advisory Board member for a Hyundai subsidiary and Advisor to Asia Productivity Organization.

 

What was your journey like to get where you are?

The journey is great. I have never regretted it a bit. I have experienced the good and bad times for cryptocurrency and blockchain. From times where big companies and governments laugh at my vision to right now demanding advice on how they can buy plots of land on metaverses.

Things have changed so much.

 

In a simpler phrase, what is your company exactly doing?

I am the Chairman of BigONE Exchange. BigONE is a global cryptocurrency exchange that provides a platform for trading various cryptocurrencies. It was founded in 2017 and registered in the Netherlands. The group operates in Russia, Brazil, Vietnam, Seychelles, Singapore, Japan, and Indonesia, providing marketing, investment, and blockchain technology research & development. We are constantly ranked top 30-50 on Coinmarketcap.

 

What about Metaverse are you most excited for in the future?

The ability to overlap and live in both digital and physical lives simultaneously gets me excited for the future. Imagine you can be earning twice as fast if you live in both worlds. Isn’t this what most of us are dreaming about?

Your experience in the metaverse will be greatly enhanced with the introduction of virtual reality (VR) based wearables. Again, imagine traveling the world in the comfort of your home. The VR equipment will be an alternative to your computer screens and will bring the internet to the next level.

 

Why should we be paying attention to the Metaverse?

Innovations like metaverse bring many new opportunities. It is the beginning of a new era within our time. In metaverse, you are not just browsing the web but you are in the web, in another universe.

If you think mobile devices and the internet change our lives. Then metaverse will succeed both of them. If operated in the right manner, it will change the way we interact in the same way that mobile devices have changed society today.

“Embrace the technology. Get ready for the future.”

Meta Universe may be the next new Internet era that will succeed the mobile Internet.

 

About Disrupt ™ 

Disrupt ™ is the voice of Latino entrepreneurs around the world. We are part of a global movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities around the world. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. This Podcast was designed to give them a taste of that.

 

 

Original Source: https://disruptmagazine.com/metaverse-the-next-new-internet-era-meta-talkz-with-anndy-lian/

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”.

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Facebook becomes Meta- What is next?

Facebook becomes Meta- What is next?

Facebook recently announced at the company’s Connect event that it has changed its name to Meta. Many people may be a little curious about the word Meta, which means beyond in Latin. As CEO Mark Zuckerberg said in a letter published to accompany the event, “I used to study Classics, and the word “meta” comes from the Greek word meaning “beyond”. For me, it symbolizes that there is always more to build, and there is always a next chapter to the story.”

 

At the same time, Facebook announced that it would soon change its NASDAQ stock ticker symbol from FB to MVSE starting on December 1. As reported in The Verge, which first interviewed Zuckerberg in July, the change in name is in part motivated by a strategic shift from being known primarily as a social media company to focus the metaverse plans. This is reflected in the reporting of financial results, rather than the company’s structure, splitting between apps and metaverse related products.

 

Facebook is not just changing its name. “All of our products, including our apps, now share a new vision: to help bring the metaverse to life. And now we have a name that reflects the breadth of what we do,” confirmed Zuckerberg.

 

But is that the full story behind the shift? Indeed, there’s speculation that a primary goal may be to make its crypto wallet Novi a game-changer. Currently, Novi is pitched as simply a “digital wallet that helps people send and receive money internationally — instantly, securely, and with no fees”.

 

But if the plan works, Novi may become the digital interface for all encrypted assets, from cryptocurrencies to NFTs, in the metaverse that Meta is planning to create.

 

Why did Facebook change its name?

 

Zuckerberg admitted that Facebook as a brand was stuck in the past being regarded as a social media company. Put simply, the renamed Meta now represents more than a re-skinned Facebook concept.

 

“Right now our brand is so tightly linked to one product that it can’t possibly represent everything we’re doing today, let alone in the future. Over time, I hope we are seen as a metaverse company, and I want to anchor our work and our identity on what we’re building towards,” says Zuckerberg.

 

Now Facebook is just one of Meta’s suite of products:

 

WhatsApp – messaging app

Oculus VR — virtual reality (VR)

Onavo — mobile network analytics

Beluga — messenger service

Instagram — photo and video-sharing app

 

What role will the Novi wallet play?

 

Whether Meta’s goal is to become the backbone of the crypto field or replicate the success of crypto-asset exchanges, Meta hopes to join the crypto field based on Zuckerberg’s remarks. Facebook recently announced a pilot project in collaboration with Coinbase and Paxos. They enticed users to try it by promoting Facebook’s digital wallet, Novi, to users in the US and Guatemala shortly before the name change announcement in October. The aim is to allow the business to “evaluate the wallet’s core functions and showcase operational capabilities, specifically those around customer service and compliance. Novi is also being designed for interoperability with other digital wallets,” according to a report in Cointelegraph.

 

As early as 2019, Facebook attempted to enter the crypto field by launching its own token Libra, but it ultimately failed. Finally, under the combined pressure of the US Central Bank and policymakers, the token was forced to cancel. Libra was later tweaked, relaunched, and renamed Diem. The spokesperson stated that the company has not abandoned support for the Diem network, a permissionless payment system that is still awaiting the green light from Washington. “We intend to launch Novi with Diem once it receives regulatory approval and goes live,” the spokesperson told Cointelegraph.

 

It may be surprising that the Novi project has been heavily criticized by some US senators who oppose Facebook’s relaunch of cryptocurrency and digital wallets. But the response from Diem, the associated stablecoin project, shows how challenging these organizational changes maybe for regulators and lawmakers. In response to the letter calling on Facebook to halt its stablecoin and crypto wallet projects, Diem stated that it “Diem is not Facebook. We are an independent organization, and Facebook’s Novi is just one of more than two dozen members of the Diem Association. Novi’s pilot with Paxos is unrelated to Diem.”

 

Despite the senators’ criticism, the Novi encrypted wallet project has certainly not given up. It will likely play an essential role in Meta’s future crypto provision. According to relevant information, as Facebook becomes Meta, its payment and financial services and Novi are being integrated. Meta plans to unify all payment methods and financial services under the Novi brand in the future, with significant implications for its metaverse business offering in the future. In a recent report UK-based blockchain VC Outlier Ventures confirmed the need for the metaverse to have a crypto decentralized core, with its own payment system as key: “The defining characteristic of a true Metaverse is that it needs its own economy and currencies native to it, where value can be earnt, spent, lent, borrowed or invested interchangeably in both a physical or virtual sense and most importantly without the need for a government.”

 

Crypto, NFTs and the Metaverse

 

Vishal Shah, Facebook’s head of metaverse products, said the aim was to enable “as many creators as possible to build a business in the metaverse.” Shah underlined the importance of the diversity of creators in the metaverse: “Creators who make digital objects, creators who offer services and experiences and those who build entire worlds like game creators do today.” In turn, the diversity of creators will be reflected in the diversity of business. And in underlining this point about “new types of ownership models,” he pointed out the role of NFTs, with the new Meta platform making it easier “to sell limited education digital objects like NFTs, display them in their digital spaces and even resell them to the next person securely”.

 

Crypto experts such as Anndy Lian, Chairman of BigONE Exchange commented earlier last week on Twitter too: “#Meta means beyond in Greek. Are you ready for it’s future? I am.” Ben Armstrong ALA Bitboy is also bullish on metaverse projects too. He mentioned this on his Tweet too: “Are you bullish on #metaverse projects? These are gaining more and more traction.”

 

All in all, I have to say this- Metaverse is the future.

 

 

 

Original Source: https://hackernoon.com/facebook-becomes-meta-what-is-next

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”.

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