Blockchain beyond borders: A dive into global collaboration and innovation

Blockchain beyond borders: A dive into global collaboration and innovation

My name is Jenny Zheng, Co-Founder of Blockcast.cc, and I’m excited to share some incredible insights from my recent participation as a moderator at a recent talk show episode titled “Blockchain Beyond Borders: Building Global Bridges for Innovation and Adoption.”

The event took place in Dubai, where industry experts convened to dive into the transformative power of blockchain technology. Our panel included some remarkable names: Anndy Lian, an intergovernmental blockchain expert from Singapore; Kris Bennett, Co-Founder and Chief Learning Officer of the Blockchain Training Alliance in the USA; Raj Kapoor, Founder and CEO of the India Blockchain Alliance; and Shailesh Kunnath, Co-Founder of Masary Capital in the UAE.

Identifying peal solutions amidst the fluff

During our engaging discussion, we delved into the pivotal factors that define success in the world of blockchain. To kick things off, Kapoor underscored the crucial importance of solving tangible real-world problems with blockchain solutions.

Kapoor aptly pointed out the overabundance of proposals that lack substance, urging entrepreneurs to rise above the noise. According to him, true innovation requires addressing genuine challenges or elevating existing solutions to create a meaningful impact.

Critical criteria for sustainable blockchain projects

As the conversation flowed, I shared my perspective on the essential criteria I employ to assess blockchain projects. My focus rests on the urgency of addressing real-world issues, ensuring that projects demonstrate their ability to enhance solutions or tackle pressing matters.

I don’t stop at the financial aspects; I look deeper into the commitment and tenacity of project promoters. I also emphasise the value of validation, whether through a small customer base or a proof of concept.

Additionally, I gauge the dedication of project promoters and whether their family and friends have invested in their vision. These insights underline the intricate nature of project evaluation.

Perspectives on blockchain adoption

Bennett joined in to offer his unique take on blockchain adoption. He highlighted the common tendency to prioritise technology in emerging sectors, cautioning against overlooking practicality and tangible value.

Bennett challenged the notion that being first to market guarantees success, drawing a historical parallel to Amazon’s ascent in e-commerce. He emphasised the importance of conveying value without solely relying on technical jargon.

His advice? Entrepreneurs should articulate their solutions’ benefits independently of blockchain or crypto references. Moreover, Bennett stressed the significance of cultivating a well-rounded team with diverse expertise to drive success.

Community, education, and future growth

Lian shared his insights, shedding light on the role of education and community in nurturing blockchain growth. He emphasised that education should encompass entire ecosystems, including venture capitalists and regulators, not just individuals.

Lian applauded Dubai’s proactive stance in fostering blockchain education and innovation. Lian also stressed the vitality of a vibrant and supportive community for sustained blockchain adoption. He championed collaboration among stakeholders to propel the technology’s advancement.

Regulatory strategies for blockchain innovation

Shifting the spotlight to regulatory matters, Lian, drawing from his experience with governments and regulatory bodies, highlighted the evolving landscape of blockchain regulation. He acknowledged the challenges countries face in establishing regulatory frameworks for this emerging technology.

Lian emphasised the significance of cross-border transactions and the need for cooperation to ensure financial sector stability. He advocated for clear regulatory guidelines to nurture blockchain’s growth while safeguarding financial systems.

In conclusion

As we navigate the evolving world of blockchain, collaboration, education, and problem-solving, emerge as pivotal pillars for success.

The insights shared by our esteemed panellists underscore the dynamic nature of the blockchain landscape, revealing the need for innovative solutions, cohesive teams, engaged communities, and regulatory clarity to unleash the technology’s transformative potential on a global scale.

Amidst the opportunities and challenges, one thing remains certain: the journey to success is illuminated by innovation and collaboration. Stay curious and keep exploring the blockchain frontier!

 

Source: https://e27.co/blockchain-beyond-borders-a-dive-into-global-collaboration-and-innovation-20230823/

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NFT conference to explore monetizing digital assets in Web3 era

NFT conference to explore monetizing digital assets in Web3 era

NFT 2023 Seoul Conference is scheduled to take place on Friday at Coex in southern Seoul to explore the interplay between non-fungible tokens, digital assets such as art and the Web3 framework that enables new decentralized digital asset marketplaces.

The event will be organized by The Korea Herald, the nation’s largest English daily, together with ArtToken, an NFT-based art marketplace, and Seoul-based Soongsil University. Other key partners include Crypto.com, Blockchain Today and Blooming Beat.

NFTs offer industries, creators and artists a new approach to authenticate, sell and manage digital assets. Within the Web3 environment, where decentralized platforms play a pivotal role, NFTs provide a secure means to verify and trade digital assets.

Across 14 sessions divided into three parts, domestic and international specialists in blockchain, Web3, security token offerings, or STOs, and intellectual property will discuss the latest trends, how businesses are innovating in the decentralized space, the global standing of STOs – a token-based fundraising mechanism – and what the future might hold for domestic regulations on virtual assets.

The first session, titled “The Web3 Era, Directions and New Possibilities of NFTs,” will begin with a keynote from Patrick Yoon, CEO of Cyrpto.com Korea, addressing future directions of the Web3 era. Choo Seon-woo, CEO of iStaging Asia, will discuss how high-value properties can be monetized and secured digitally under “Luxury IP.” Concepts of the metaverse will be presented by Park Min-woo, CEO of Galaxy Corp., while Shin Young-sun, CEO of Hello Web3, will detail the relationship between NFTs and Web3. Kim Min-suk, CEO of T-Max Metaverse, will cover “Web3 Business Through Super Apps.”

The second session, titled “The Utilization and Role of NFT Art in the Future Art,” Cha In-hyuk, former CEO of CJ Olive Networks, will address the role of artificial intelligence in art. Mariko Nishimura, co-founder of Heart Catch, is to examine technology’s impact on art. Aleksandra Artamonovskaja, partnership lead of Joyn.xyz, will discuss decentralized art creation and curation. Investment perspectives in NFT-based art will be presented by Anndy Lian.

The third session, “Current Status of the Domestic STO Market and Industry-Specific STO Strategies,” will have Lee Young-jae, senior executive of Mirae Asset Securities, discussing the regulatory advantages of STOs that offer greater investor protections compared to certain other digital assets. Then Professor Jang Hui-su of Soongsil University will share STO case studies from Japan and the US. Lee Dong-guk, a partner attorney at Dongin Law Firm, will talk on the legalities of virtual assets.

For further details on the event, including the schedule and ticketing, interested individuals can visit nft2023seoul.com.

 

 

Source: https://www.koreaherald.com/view.php?ud=20230828000542

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Bybit Blog | Speed, Art, and NFTs Converge: Bybit and Oracle Red Bull Racing’s Velocity Series

Bybit Blog | Speed, Art, and NFTs Converge: Bybit and Oracle Red Bull Racing’s Velocity Series

The world’s third most visited cryptocurrency exchange, Bybit, is proud to announce the highly-anticipated NFT release by Rik Oostenbroek for the Velocity Series, a Web3 collaboration between Bybit, Oracle Red Bull Racing, and top digital artists.

On Aug. 24, Dutch artist Rik Oostenbroek will release two NFT collections for the Velocity Series, including an exclusive NFT collection only available for purchase by Velocity Pass NFT holders, and a limited edition exclusively gifted to Velocity Pass holders.

“Momentum” will be available for sale to Velocity Pass holders via a Dutch auction. Marking Rik’s debut in the realm of 3D-generated artistry, this collection ventures into uncharted territory, allowing data and machines to dictate the final outcome.

The second collection: “Flow State,” is a limited edition of 1000 NFTs — all of which will be gifted to the 1000 Velocity Pass NFT holders via an airdrop. To enhance its exclusivity, this collection will not have a public sale beyond the airdrop.

The Velocity Pass is a premium NFT that grants art enthusiasts access to four Bybit-powered NFT releases from the Velocity Series, coinciding with the Dutch, Japanese, United States, and Abu Dhabi Grand Prix. The pass also provides holders chances to win rare prizes from Oracle Red Bull Racing and Bybit.

The first collaborating artist from the Velocity Series, Rik Oostenbroek’s signature lies in his dynamic shapes, abstract forms, and meticulously chosen color palettes. Having crafted visual wonders for brands such as Nike, Apple, and Paramount Pictures, Rik now steps into the NFT realm, garnering widespread acclaim from collectors and fellow artists alike for his mesmerizing creations.

“This collaboration is all about combining technological advancement and artistic imagination, opening a space for connoisseurs of art, collectors, and motorsport aficionados to converge,” said Anndy Lian, Head of Partnerships at Bybit. “The Velocity Series intertwines the realms of high-octane racing and NFT creation, delivering an experience that captures the essence of both worlds.”

“We are so pleased to see this first and very exciting NFT collaboration drop as part of the Velocity Series,” said Caroline Buckland, Head of Fan Engagement at Oracle Red Bull Racing. “It celebrates the combination of art, innovation, the thrill of racing, and Rik’s mesmerizing creativity.”

For more information and updates about the Velocity Series, please visit Bybit’s official website or follow Bybit and Oracle Red Bull Racing on social media platforms.

 

Source: https://blog.bybit.com/en-US/post/speed-art-and-nfts-converge-bybit-and-oracle-red-bull-racing-s-velocity-series-blt300fda7d1990dcac/

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