On November 11th, NFT Steez, a bi-weekly Twitter Spaces hosted by Alyssa Expósito and Ray Salmond, had a conversation with Thomas Webb, the founder of the interoperable avatar game Worldwide Webb, to discuss the integration of interoperability in Web3 and the metaverse.
Interoperability in Web3 refers to the ability of a product or system to seamlessly work across different platforms with other products or services. Webb simplifies this concept by defining interoperability as the creation of a nonfungible token (NFT). At its core, an NFT cannot be controlled by anyone other than its creator.
The discussion delved into the potential impact of interoperable applications. Webb highlighted the creativity that arises from NFT communities and brands. Whether it’s creating a product, generating ideas, or crafting experiences, enabling the creation of intellectual property (IP) allows users to showcase their loyalty and achievements.
Webb also emphasized the role of interoperability in token-gated experiences. By using their tokens as access passes, users can participate in exclusive events and enjoy additional perks. This integration enables brands to collaborate, engage with users, and generate infinite value.
When asked about the sectors that could benefit from interoperability, Webb expressed that it could serve as the foundation for everything. Transparent and data-driven platforms foster collaboration and engagement among tech companies. Webb believes that e-commerce, creative experiences, and even concepts like identity and self-sovereignty will be influenced by interoperability.
However, Webb acknowledged the challenges and risks associated with creating a standard that suits all countries. The presence of centralized regulatory bodies may hinder experimentation and growth.
To hear more insights from the conversation, you can tune in and listen to the full episode of NFT Steez. Don’t forget to mark your calendar for the next episode on December 2nd at 12 pm EST.
Please note that the views and opinions expressed in this article are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. As with any investment or trading decision, there are risks involved, and it is important to conduct your own research before making a decision.