Blockchain enables enterprise business models in the Metaverse
Here's how blockchain is currently being used to create business models in the Metaverse, achieving efficiency and cross compatibility with the real world. Enterprise blockchain has come a long way since its inception in 2017. Blockchain for enterprise use initially began as a technology built on private, permissioned networks, primarily used for supply chain management. As blockchain matured overtime, enterprises began to leverage public, permissionless networks like Ethereum to conduct business. Fast forward to 2021 — enterprises are now applying decentralized concepts to create more....
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BloqEnterprise is a blockchain operating system for enterprise customers which enables them to create, edit and modify blockchains. The enterprise level distributed ledger technology solutions provider Bloq has waded into the deeper waters of blockchain technology by announcing its very first product, a truly enterprise level product called BloqEnterprise. As the name suggests, this enterprise level solution is a comprehensive Blockchain-based operating system, BOS as it is called. The BloqEnterprise allows companies to tap into the full potential of blockchain technology with tools that....
Gaming insight platform Newzoo predicts that the need to diversify earning streams may lead esports organizations to use blockchain. In the past, earning money through games was only possible by uploading gaming videos online, streaming game content and playing competitively through esports. But in 2021, many realized that through blockchain, gamers can earn money simply by playing.This trend may continue in 2022 as play-to-earn (P2E) business models become more developed and blockchain adoption in esports becomes more mainstream. In a report published by gaming insight company Newzoo, the....
Though digital assets are down, many other sectors of the blockchain space are flourishing. The NFT and metaverse spaces are doing exceptionally well. The NFT market surpassed the $7 billion mark with many indicators of further enterprise adoption with companies like Facebook investing $10 billion in the Metaverse. However, because both markets are still in […]
What financial services mean in the Metaverse: A closer look into the process of monetization in the Metaverse — the categories of business “of” and business “in” models. In a previous article, I discussed the evolution of Web3 economies and current volatility, focusing on the participatory nature of Web3, which is the foundational technology enabling the creator economy. The term “metaverse” — meta and universe — often describes the anticipated future iteration or evolution of the internet powered by Web3 technologies like blockchain and decentralized resource distribution and consumption....
A blockchain-focused panel at Finnovasia yesterday drew so many interested FinTech professionals extra chairs needed to be brought into the auditorium. The panel session at the Hong Kong conference centered on how blockchain is changing banking in Asia, with the audience there to hear insights from UBS Asia-Pacific CTO Peter Stephens. BitSpark CEO George Harrap; and ANX CTO Hugh Madden, among other industry participants. Amongst the assembled panelists it was perhaps Stephens that drew the most attention from Finnovasia's attendees for his insights into how the financial services firm is....