TMRW Conference Dubai: NFT in 2023 should be about utility and not (only) collectability

TMRW Conference Dubai: NFT in 2023 should be about utility and not (only) collectability

NFTs or non-fungible tokens have been creating a buzz in the crypto world lately. The world of NFTs is constantly evolving, and many are wondering what the future holds for them. Should they be about collectibility, utility, or both? This was the topic of discussion in a recent panel that featured some well-known faces in the NFT space.

The panel, moderated by Jenny Zheng, brought together experts who shared their experiences and insights on the future of NFTs. The panelists included DaVinci Jeremy. DaVinci Jeremy stressing that people needed to understand the underlying technology before investing in it.

Anndy Lian recalled how he had predicted that NFTs would become the next big thing in August 2020 when the market was valued at a quarter of a million dollars in volume per day. He believes that NFTs are not just a way to purchase art or collectibles but also a way to connect with communities and make them feel like they are part of the artwork.

Stephanie Bretonniere believes that NFTs hold the key to bringing more impact to organizations. She thinks that there are different use cases for NFTs, and the ones that bring utility are the most interesting. She believes that NFTs can be used to break down silos in organizations and create more efficiencies.

Mate Tokay shared their experience, stating that they used to work for a private NFT marketplace, but now work for Web 3, which is similar. They mentioned that when NFTs first started, they were mostly about collectibles such as PFPs (profile pictures) and art, but now we are seeing more NFTs with utilities.

NFTs will likely experience a transformation in focus from solely collectability to utility. Although NFTs have recently become popular as a means of owning unique digital assets, their potential applications extend far beyond collecting and trading.

The advent of NFTs has the power to spark a paradigm shift across numerous industries by enabling validation of ownership, genuineness, and exclusivity for digital assets. Take the gaming industry, for instance. NFTs can be utilized to represent in-game assets, including weapons, skins, and characters, providing a new level of authenticity and scarcity.

In addition, the art industry can leverage NFTs to authenticate the ownership of digital artwork, ensuring its originality and uniqueness. Beyond these applications, NFTs can be employed for digital identity verification, allowing individuals to establish their identity and ownership of personal data without relying on centralized authorities.

NFTs also have the potential to revolutionize digital contracts by providing secure and immutable records of agreements. These novel use cases of NFTs can create new business models and generate fresh opportunities across multiple sectors.

By shifting the focus to utility, the complete potential of NFTs can be realized beyond their current use as collectible digital assets. The implications of NFTs extend far beyond the hype and hold the key to unlocking new possibilities in the digital landscape.

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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Anndy Lian’s Keynote Speech at TMRW Conference Dubai: Web4, A New Way to Decentralise

Anndy Lian’s Keynote Speech at TMRW Conference Dubai: Web4, A New Way to Decentralise

Decentralised cryptocurrency, a digital currency that operates independently of a central bank or authority, is a concept that has revolutionized the financial world. Transactions are recorded on a public digital ledger, such as a blockchain, and verified by a network of users rather than a single centralized institution. This innovative and decentralised structure allows for increased transparency, security, and autonomy in financial transactions.

But decentralisation is not limited to just cryptocurrency. When we talk about decentralisation, the term web3 often comes up. Web3, also known as the decentralised web or “Web3.0,” is a visionary concept for the future of the internet in which power and control are distributed among users rather than concentrated in a small group of companies or organizations.

The central concept of web3 is decentralisation, which aims to allow users to control their own data and identity, as well as giving them more control over the apps and services they use. It is also thought to have the potential to create new business models and economic opportunities.

Jack Dorsey, co-founder and former CEO of Twitter, Inc., mentioned that web3 is not necessarily decentralised, and I completely agree with his comments. The reality is that the concept of decentralisation is complex and nuanced, and we must continue to explore its potential and limitations in the context of the evolving digital landscape.

We need something more decentralised. My suggestion to this is “Web4”. Web4, or what some refer to as the second generation of the decentralized web, envisions a future internet where power and control are spread across users instead of a select few companies or organizations. Rather than relying on centralized servers and data storage, web4 would utilize cutting-edge decentralized technologies such as blockchain and peer-to-peer networks to create an internet that’s more transparent, secure, and open. With this, users can enjoy greater data privacy, censorship resistance, and ownership of digital assets.

At the heart of web4 is decentralization, which empowers users to manage their data and identity while providing more control over their apps and services. The potential for web4 goes beyond mere convenience and opens doors to new business models and economic opportunities. Furthermore, web4 is intertwined with the burgeoning field of AI, which can complement its decentralized nature in various ways. Think decentralized AI, Federated Learning, Privacy-Preserving AI, Blockchain-based AI, and AI-driven scalability. The possibilities are endless!

Artificial intelligence (AI) could potentially play a crucial role in realizing this vision. Here are some tantalizing possibilities of how Web4 and AI could interact: First up, decentralized AI. Web4 aims to decentralize control on the internet, and that could be applied to AI as well. Decentralized AI systems would enable more distributed decision-making and prevent a single entity from having too much power over AI systems. Talk about leveling the playing field!

Then there’s Federated Learning. Web4 is all about making different technologies and platforms work together seamlessly. Federated learning, a technique where multiple devices, like smartphones, work together to train a shared AI model, could be a perfect fit for Web4. Who knew that smartphones could be such a powerful force for good?

And let’s not forget about Privacy-Preserving AI. Web4 is all about providing users with increased security and privacy. Privacy-preserving AI, which protects users’ data privacy while still allowing for useful AI models to be trained, is the perfect solution to achieve this goal.

Last but not least, we have AI-driven scalability. Web4 aims to handle more data and users by using blockchain technology and sharding concepts, which allows for faster processing of transactions. Deep learning techniques can also be used to optimize the scalability of the network. It’s all about being able to handle more, faster.

As you can see, the potential for Web4 and AI to work together is truly mind-boggling. We can’t wait to see what the future holds!

“I believe in decentralisation. Web4 could be the next big movement.” – 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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The Eastern Herald: TMRW Conference Completed Its Spectacular Debut In Dubai

The Eastern Herald: TMRW Conference Completed Its Spectacular Debut In Dubai

TMRW conference powered by 2142, the largest emerging tech event, just delivered its groundbreaking debut edition in Dubai. More than 2,000 visitors and 10,000 online viewers from all over the world, were enjoying the conference’s outstanding program alongside networking events, VIP dinner,s and parties, from February 8th till 10th 2023 at Dubai Festival City. TMRW Dubai welcomed 80 internationally acclaimed tech masterminds such as CRAIG SELLARS, DR. MARWAN AL ZAROUNI, DR. MICHAEL GEBERT, CHRISTOPHER GLEICH, DAVINCI JEREMIE, DR. CHRISTINA YAN ZANG, CHRISTOPHER QUET, KHALIFA ALJAZIRI ALSHEHHI, ABDULLA ZIAD GALADARI, DUSAN ZICA, STEPHANIE BRETONNIERE, CANER SEVINC, ANNDY LIAN, JENNY ZHENG and many more.

They were all presenting their keynotes, participating in panel discussions, interactive workshops, and fireside chats, bringing the latest trends from disruptive technologies such as blockchain development, NFT utilization, the future of the Metaverse and Web3, artificial intelligence (AI), and many more. As always, TMRW brought mind-blowing stage production while the opening ceremony was a trailblazing spectacle with the astronaut on stage, immersed in smoke, pyrotechnics, and special effects.

The second Belgrade edition of the TMRW conference is announced, scheduled for May 12 – 14 2023. “I want to thank everyone who supported us at our Dubai debut; our amazing speakers, partners, media, and audience. Our goal has always been to connect our visitors with the greatest global minds, to inspire the move forward, and to bring the future closer. We are working hard to bring the highest quality programming alongside incredible productions while providing networking opportunities to everyone involved. And we’re happy to be able to do it around the world. We are proud to announce our second Belgrade edition from May 12th till 14th, which will be our biggest event so far, and I would like to invite everyone to join us!” said Mladjen Merdovic, Founder and CEO of the TMRW conference.

Dr. Marwan Alzarouni, Strategic Advisor at Digital Dubai, welcomed the audience on the first day and emphasized Dubai’s role in being the hub of tech while Khalifa Al Jaziri Alshehhi, advisor of the Ministry of Economy, demonstrated the first Ministry having a presence in the Metaverse. They were followed by Michael Gebert, Chairman of the European Blockchain Association who was speaking about the future of blockchain, and Christian Gleich, CEO of one Big Wave who talked about the future of Metaverse. The panel of the day gathered the Web3 Lady leaders Loretta Joseph, Ritu Marya, Aleksa Mil, Jenny Zheng, and Anita Kalergis “KryptoGranny” to discuss the potential in Web3. Day one ended with the exclusive launch of the VVerse project. Christopher Quet, CEO and co-founder of Vverse Technologies, said: “We wanted to bring real-world use inside the Metaverse. We believe that Metaverse should be a land of opportunities bringing on abundance rather than scarcity. You can onboard and edit your own dimension with our builder and through our library of more than 100,000 assets. You can create events, concerts, you name it, you can do it.”

Day two continued to bring great topics and speakers. Loretta Joseph, Director at AP Capital, spoke about the different regulatory frameworks for digital and virtual assets: “I don’t think there’s ever been a more important time to be talking about regulation. Regulation is coming. We all need to work with the policymakers to ensure that we have sensible regulation, and to harness the opportunities of technology and innovation”, she said. Dr. Mark Van Rijmenam, The Digital Speaker, talked about generative AI and its convergence with the Metaverse. “We have this technology, which is super powerful to create text, voice, audio, virtual worlds, assets, anything on the fly just with your voice. That will create Metaverse and bring it faster than through coding.”

Anndy Lian, Best Selling Book Author- NFT: From Zero to Hero talked about Web4 as a new way to decentralize. “The Metaverse ecosystem and Web3 need to be more decentralized. Web4 would be a totally different era, with machines and with full automation. If we want to really create a more sustainable, decentralized environment, we’ve got to make the change. And again, a Web4 could be the possible angle.” Dusan Zica, CEO & CTO of the NFT Comic Book 2142, brought the philosophical approach to building the world in his keynote From NFT Comic Book to a video game: “The idea is to make comic books and video games presenting our view that technology should be in line with spirituality and humanity, and it should be observed strictly as a tool and not the driving force. Humanity’s humanity should be the driving force. Otherwise, the technology can get instrumentalized instead of becoming decentralized”, he concluded.

The last day of the conference brought the greatest global masterminds to the stage. Sharad Agarwal, Chief Metaverse Officer at cyber-gear.io, presented the topic Business and Metaverse: “I talked about how the Internet changed over the years. Metaverse as technology is something new, and over the next 5 to 7 years, we will see its mass adoption. Metaverse will be used in different industries. Brands should start dabbling with the Metaverse, get customers to experience it and eventually, they will succeed”, he added. Jonscott Turco, Founder & CEO at COre3.io, spoke about reinventing business and exploring opportunities and challenges of the metaverse and future technology.

“In the heart of every successful business is the belief that something greater exists than simply the bottom line. It’s a belief in the power of people and connection and today, more than ever, the power of technology to bring us closer together and amplify community and collective intelligence towards purposeful outcomes.” Davinci Jeremie talked about the differences between using NFTs for just artwork and for utility purposes.

“In return, you get access to someone or access to a concert; that’s an example of utility. I believe that it can also be useful in the community sense, where you bring a community of people together, sharing a common goal” Davinci Jeremie said.

Stephanie Bretonniere, CEO, POWR3 & WE IMPACT.WORLD explained how important it is to connect people. “Sustainability has to bring impact that will elaborate those technologies to convert every single individual into a changemaker.”

 

Source: https://www.easternherald.com/2023/02/19/tmrw-conference-completed-its-spectacular-debut-in-dubai/

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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