Elastos is partnering with Dmail, who are building an AI-powered decentralized infrastructure that provides seamless, anonymous messaging and notification services across multiple chains and applications. What sets Dmail apart is its revolutionary Subscription Hub, designed to elevate communication strategies. This hub enables personalized messaging to wallet addresses and DIDs across multiple chains, making it effortless to engage your audience with targeted content and token rewards.
By partnering with Dmail, Elastos gains exclusive access to this robust Subscription Hub, connecting them with an expansive network of over 3 million on-chain accounts. With Dmail’s intuitive console, Elastos can promptly harness the power of intelligent messaging in Web3, creating new opportunities for user engagement and growth.
Potential synergies that are currently being explored:
- Identity Management: Dmail Network will almost certainly integrate Elastos’ DID for identity management, enhancing user privacy and data sovereignty.
- Enterprise Solutions: Dmail can integrate Elastos’ enterprise blockchain solutions to improve processes, data provenance, and transparent solutions for supply chains and contract management.
- Financial Products: Dmail can benefit from Elastos’ financial solutions for decentralized trading, staking, and lending.
- Content Monetization: Dmail can use Elastos’ DRM technology to enable content creators to license and monetize their digital assets.
- Subscription Hub Service: Elastos will be using Dmail’s Subscription Hub Service for its users, allowing seamless messaging to wallets and DIDs.
- Technical Integration: Dmail will possibly look to integrate Elastos’ side chain EVM architecture and will explore their Hive storage solution for potential synergies.
A partnership between Dmail Network and Elastos can unlock new avenues for innovation, user empowerment, and business growth. By combining Dmail’s expertise in web3 communications with Elastos’ comprehensive Web3 ecosystem, both parties can accelerate the adoption of decentralized technologies and create a more secure, transparent, and user-centric digital world.
Follow Dmail’s progress: Beta Mainnet | Website | Twitter | Discord | Gitbook tutorial
Elastos and Applicature are partnering to support ecosystem growth across both Applicature’s Game Changer Program and Elastos’ Destiny Calling grant program.
We’re excited to announce that Elastos is joining forces with Applicature, a San Francisco-based crypto venture builder and accelerator. Applicature offer full service blockchain development, marketing, funding, key relationship development, and advisory services to accelerate the growth of projects in supply chain, banking and finance, gaming, real estate, healthcare and media.
The partnership will see Elastos supporting Applicature’s Game Changer Program, as a distinguished member of the Advisory Panel, assisting in co-marketing, partnerships and events. Applicature will actively participate in Elastos’ upcoming grant program, Destiny Calling, providing a generous discount on services to participating projects and extending to all Elastos ecosystem projects. The services eligible for this discounted arrangement encompass a comprehensive range of support, including:
- Incubation services
- Technical development
- Strategic marketing
- Assistance with fundraising endeavors
- Comprehensive roadmapping for Token Sale
- Proficient guidance throughout the token launch process
- Thorough smart contract auditing
- Proficient development of DApps and L1 solutions
- Dedicated efforts in business development
- Expert advisory assistance to facilitate effective scaling strategies.
“This partnership signifies a commitment between Elastos and Applicature to work together towards the growth and development of the broader blockchain ecosystem,” says Ana Y, Head of Acceleration & Incubation at Applicature.
“The enthusiasm and expertise Applicature brings to the Elastos ecosystem and our efforts in attracting more projects and builders through the Destiny Calling grant program is a sign of great things to come!” adds Fakhul Miah, Elastos’ head of growth.
The article and graphics were created by the Elavation Team
The following is part of an ongoing series by Elastos community leaders sharing key trends and takeaways from Token2049 and crypto events in and around Singapore. Check out the last post by Jonathan Hargreaves, Global Head of Business Development at Elastos. In this edition we hear from Sasha Mitchell, Founder of Elacity.
From the get-go, as soon as I landed at the Changi airport in Singapore, I had little time to spare before heading straight to the Bitcoin Layer 2 event hosted by Elastos. Over the week, I came to learn extensively about the Web3 space at Token2049. This collective knowledge helped paint a picture of a future where data management is far more user-centric, secure, and efficient, and where governance can be transparent and accountable. For five key takeouts of Token 2049, you can read my article here, in this piece, let’s discuss a little about Bitcoin Layer 2 and Elastos. Blockchain at its core is about bringing trust back into the system and creating trust in a trust-less environment, and I believe Elastos can deliver this alongside Bitcoin’s security, so let’s dive in!
Bitcoin remains the market leader with a $500 billion market cap, doubling its closest rival, Ethereum. Bitcoin’s hash rate measures the network’s computational power, serving as an indicator of its security and efficiency. It’s rising hash rate over the years signifies increased mining activity, making the network more resilient against potential attacks, despite price volatility.
This year, Bitcoin Ordinals has revolutionised non-fungible tokens (NFTs) by using Bitcoin’s architecture to transform “Satoshis” into unique assets through “inscriptions”. These shifts signal a future where Bitcoin’s role extends beyond a simple financial asset to become a versatile platform for various applications. This transformation is enabled by smart contracts and decentralized data management systems, which are components of scalable Layer 2 solutions like the Lightning Network and Elastos, which can settle back into the secure mainchain.
Something new I learnt about was Ricardian Contracts, which integrate legality and cryptographic verification, providing a digitally secure and legally binding agreement. By hashing the contract and providing a unique identifier, we can ensure that all parties can easily verify the most current and authentic version of the agreement. This approach addresses issues of document versioning and legality, thereby revolutionising the digital contract landscape. Ricardian Contracts blend smart contract features with traditional legal agreements, allowing for preset, executable actions across multiple blockchain architectures, including Bitcoin.
It became clear to me that Elastos can redefine Bitcoin’s ecosystem with its DID, Hive, and Carrier technologies, serving as the foundation for “Personal Knowledge Containers.” This next-gen Layer 2 storage solution surpasses traditional methods like NAS and Dropbox, using a robust tech stack including Istio, Docker, IPFS, Tor, and libp2p to enable peer-to-peer trading using Bitcoin Layer 2 protocols and decentralised web nodes. The objective is to categorise data assets hierarchically into files, pages, and services, thereby enabling peer-to-peer trading alongside Bitcoin Layer 2 payment protocols.
Elastos can help facilitate this environment through its decentralised identifier sidechain which acts as a control hub, and support storage solutions through Hive, and Carrier for peer-to-peer networking. With Elacity DRM enabling data packaging and Runtime innovation for secure playback, Elabox’s plug-and-play OS service, and Essentials SuperWallet’s toolsets that incorporate Elastos and already support the Lightning Network, it becomes evident our ecosystem and innovations are all capable of converging to a Bitcoin Layer 2 solution.
To further explore Bitcoin Layer 2, it’s worth noting that Elastos’ mainchain is secured by Bitcoin miners’ hash power. This architecture enables a secure, decentralized ecosystem in which ELA, Elastos’ native currency, plays a pivotal role. ELA serves not only as gas to pay for transactions across the ecosystem but also as collateral and voting power to annually elect 12 DAO council members for governance. These council members vote on wide-ranging proposals, from funding to infrastructure, and also become supernodes that power Elastos’ sidechains. ELA-elected council nodes enhance the platform’s security beyond the mainchain and facilitate infinitely horizontally scalable solutions, such as its EVM sidechain for smart contracts.
Being directly connected to Bitcoin, our main chain offers additional avenues for innovations like Ordinal NFTs. These could alleviate congestion in Bitcoin’s NFT network through the potential use of sELA inscriptions. With a limited coin supply of 28.22 million and built-in halving mechanisms, ELA shares strong similarities with BTC. It leverages its role as a ‘Queen’ in security, complemented by a suite of innovative supporting services, DAO governance and sidechains.
Amidst past upheavals like FTX and Three Arrows Capital, the prospect of Bitcoin and Ethereum ETFs injects the tech space with much-needed liquidity and optimism. As traditional systems falter, the emerging Web3 landscape offers a parallel economy rooted in freedom. The excitement in Singapore showcases fresh thought leadership, transformative tech, and new economic models. I had the chance to meet many interesting people from many different fields. With continuous innovations, the sector inches closer to realizing Web3’s promise of a digitally interconnected world. And for Bitcoin and Elastos, don’t underestimate the power these two technologies and communities can bring as a merged mined solution.
All signs indicate that 2024 will be a pivotal year for the space!
The following is the first in an ongoing series by Elastos community leaders sharing key trends and takeaways from Token2049 and crypto events in and around Singapore. In this edition we hear from Jon Hargreaves, Global Head of Business Development at Elastos.
Elastos was in Singapore recently for Token2049. With Co-Founder, Sunny Feng Han leading a side event on BTC-L2, Elastos Growth Lead, Fakhul Miah spending time with our new partners Alibaba Cloud, Elacity Founder, Sash Mitchell representing the future of the Access Economy amongst others, Elastos was well represented in the Little Red Dot for the crypto conference and its many side events.
Over the course of a week, Jon Hargreaves, Global Head of Business Development at Elastos observed many trends, which we want to share with you here:
One of the key themes of Token2049 was regulation, highlighted at the show by the open hostility to the US regulatory mindset versus the praise for practical solutions in Singapore and other parts of Southeast Asia. Indeed this was not limited to Singapore but extended to announcements from the United Arab Emirates with perhaps Europe showing the most comprehensive regulation framework. Hong Kong too was chomping at the bit but with JPEX being given a warning by the SFC and shutting their stand after day 2, it took away some of the anticipation!
A lot of the regulation talk was about getting it right as the sector changes shape over the next three years. Scams dominate the mindset in the US (thanks Luna/ FTX) and at the show, even Asian geographies such as Australia are indexing regulating scams as the primary focus for legislation. Yet there was also a ground swell of more innovative thinking perhaps led by Franklin Templeton.
During a panel aptly titled, “The Future of Crypto Currency as an Asset Class”, Jenny Johnson shared her conviction of Bitcoin’s ability to revolutionize traditional financial services. She forcefully outlined the limitations of traditional ETFs as prices are only updated twice during the trading day and explained how they are exploring the possibility of mutual funds that operate on blockchain technology. A move driven by the belief in the future of the technology as a creative platform that drives cost out of system as reflected in approval from the SEC for their on-chain fund that will use Stellar and Polygon blockchains to process transactions and record ownership.
This theme of new forms of crypto was everywhere from talk of ETFs to bitcoin ordinals and other complex tools linking to real-world assets such as carbon credits. These new encrypted digital assets that move beyond even traditional crypto formats also highlighted the need for payment rails between these assets and fiat currencies. We sounded out many partners on how Elacity was pioneering this transition and followed up with news on Elacity’s partnership with Metaverse Bank to illustrate how open banking is central to this solution.
This highlights the other significant take away from Token2049 namely that the focus was on Web3 rather than just crypto. From the launch of the Mocaverse to CZ’s dial-in (literally) and exploration of adjacencies, the future was clearly about innovating in decentralised systems. The story that epitomised this more than any other was The Open Network announcing an integrated wallet into the telegram messaging app enabling 800 million users to store, send and trade directly within the application.
Here, despite the best efforts of the SEC to block the original Telegram Open Network (TON) open-source developers have created 551 applications leading to the birth of TON – The Open Network. So enabling the self-custodial wallet, called TON Space, will further enhance the user experience by enabling direct access to the TON blockchain and Web3 ecosystem. Users will be able to send and receive TON tokens, BTC and USDT on the Tron Blockchain using the wallet and so facilitating the entry of mainstream users into the crypto world. This is another example of the importance of payment rails for the future or failure for Web3.
Were you at Token2049 or any other crypto conferences lately? Let us know what other trends are relevant at the moment down in the comments.
The article and images by the Elavation Team
The revolution of unifying intelligent algorithms like ChatGPT will occur in the blockchain field
Token2049 Singapore was a wonderful opportunity for members of Elastos leadership, the Growth Team and some Ecosystem partners to explore the future of blockchain and Web3 in person. This article is the first of a series of features where our team share their revelations from the conference, consider technological advancements and discuss much-needed future developments for Web3’s continued expansion.
We start with Sunny Feng Han, Elastos’ co-founder and international academic, as he explores how Bitcoin and smart contract computation on public blockchains can coalesce to bring BTC to DeFi in a way that has hitherto never been possible.
The true meaning of blockchain is that it provides humanity with a unified “truth” algorithm for the first time.
We learned the above on September 12th, 2023, during TOKEN2049 in Singapore, at the “Web3 Asian Power” summit co-hosted by 1783DAO and BoLianCaiJing. Sunny Feng Han, a Columbia University exchange PhD student and visiting scholar, former blockchain consultant for Huawei’s Central Research Institute, and co-founder of Elastos, shared his vision for the blockchain industry – emphasizing the importance of a unified cognitive system and intelligent algorithms, and the key role of BTC blockchain in making this vision a reality.
Sunny Feng Han first highlighted the tremendous potential of blockchain technology in creating a unified cognitive system and intelligent algorithm. The immense success of ChatGPT in the AI field indicates that the unification of intelligent algorithms across disciplines is entirely achievable. Professor Ben Koo and Sunny Feng Han began offering a course titled: “Beyond the discipline’s Foundations of Cognition”, at Tsinghua University as early as 2015.
He believes that by leveraging the development of BTC Layer 2, and basing it on BTC timestamps, it is possible to connect the algorithmic consensus and cognitive rules of smart contracts across various public chains, breaking the barriers of asset and transaction rights/recognitions between different public chains. This innovation in unifying the digital asset and transaction rights/recognition system will not only be a technical advancement, but will also bring revolutionary changes to the entire human economic and social system.
Sunny Feng Han pointed out that a key characteristic of the blockchain revolution is its ability to provide a “timestamp” for digital asset transactions. The Bitcoin network has ensured that no counterfeit coins have ever been produced over the past decade thanks to this robust mechanism, an achievement no other currency system in human history has accomplished. This is also the foundational assurance that Bitcoin can surpass the volume of gold by 2025 because it guarantees the absolute correctness of the causal order of asset transactions.
Along with this technical innovation, Bitcoin’s PoW mechanism will play a pivotal role in realizing a unified public chain rights recognition system in the future. Elastos, whose consensus design instigated by Jihan Wu (cofounder of BitMain) incorporates merge-mining with Bitcoin, currently ranks second in terms of hash power in the PoW system. Elastos is thereby naturally a strong supporter of the BeLayer2 (BeL2) test network being researched and developed at the moment.
The technical stack that the BeL2 team is working on is based on the results from the MIT Digital Currency Initiative. This technology uses zero-knowledge proofs to unite the “timestamps” of different public chains and smart contracts, potentially enabling seamless connections between the Bitcoin public chain and smart contract blockchains. Therefore, different blockchains can share a unified “timestamp” from the Bitcoin network, so a combined asset rights and transaction system spanning Bitcoin and Ethereum public chains could potentially be established.
Sunny Feng Han believes that the true significance of blockchain is that it offers humanity a panoptic “truth” algorithm for the first time. In the past, people had to rely on various authorities to determine what is true and correct, but blockchain, through its distributed computing, timestamps, and consensus mechanisms, has established the authenticity and accuracy of transactions and assets as an indisputable computational standard.
This has profound implications for eliminating false narratives and deception like in the story, “Point at a Deer, Call it a Horse”. Blockchain renders subterfuge and obfuscation by nefarious actors utterly moot as the timestamps are transparently available on the BTC ledger – proof is truth.
Learn how Elastos is uniquely placed to lead the charge with BeL2, given our long history of AuxPoW, which enables merged mining with Bitcoin, allowing the network to benefit from the security and mining power of Bitcoin while retaining its own integrity. As a result, miners can receive rewards in both ELA and the merged coin simultaneously.
Point at a Deer Call it a Horse: Unreal Socialism in Chinese Performance & Video Art.“
Cul De Sac Gallery (65 — 69 County Street, London, SE1 4AD) March 2 — April 21, 2013
“Point at a Deer Call it a Horse” is based on the Chinese idiom “Zhi Lu Wei Ma 指鹿为马” – to confuse right and wrong, to distort reality through misrepresentation, to deceive.
Historically, it dates back to Zhao Gao, a prime minister of the Qin Dynasty who, in 207 BCE, used dissent to test the court, gauging their loyalty by presenting the emperor with a deer and saying, “This is a horse.” This metaphor for the curatorial rationale has a clear presence in all of the works on display, further reinforcing the show’s notion of “unreal socialism”.
The article and graphics were created by the Elavation Team
The following press release was submitted on September 26, 2023.
NEW YORK, USA, September 27, 2023/ — Mission89, in collaboration with the Generation Amazing Foundation and the United Nations Office on Drugs and Crime (UNODC), will host a transformational side event during the United Nations General Assembly (UNGA78) on tackling the critical issue of human trafficking in sports through innovative technological solutions and inspire the next generation to combat modern slavery and exploitation.
With the theme “Leveraging Technology to Combat Exploitation and Human Trafficking in Sport,” the event is scheduled for September 25, 2023, at the United Nations Headquarters in New York, between 1400 – 1600 EST. It will bring together various stakeholders dedicated to eradicating human trafficking and promoting youth involvement in sports, including youth advocates, academics, football executives, and the UN’s permanent representatives from Qatar, Monaco and Gabon.
“Sport, a global language that transcends borders, has always been a source of joy and inspiration for countless young individuals worldwide,” emphasized Lerina Bright, founder and executive director of Mission89. “Unfortunately, it also serves as a troubling arena for human trafficking, particularly targeting young, aspiring athletes, with approximately 15,000 children falling victim to trafficking from West Africa to Europe each year. This issue is deeply disturbing and necessitates the utmost attention and concerted efforts from all stakeholders.”
The first session will shed light on sports trafficking and its implications for social inclusion in sports, the evolving landscape of women’s football, and the specific vulnerabilities female athletes face. The second session will explore how technology can be harnessed to combat this issue effectively. The third panel session will engage youth perspectives on these issues, drawing lessons from their experiences and knowledge.
“Through collaborative efforts, the Generation Amazing Foundation remains resolute in its commitment to harness the transformative potential of sports alongside esteemed partners like Mission 89,” stated Nasser Al-Khori, Executive Director of the Generation Amazing Foundation. “Together, we aim to drive lasting positive change and reach our shared objectives of addressing global youth-centric social issues.”
Jonathan Hargreaves, Global Head of Business Development at Elastos added, “In a decade of working with data and technology to combat trafficking, we see time and again that compromised identity is the vulnerability that traffickers use to build deception and focus their business models around. By using technology to prevent falsified identity, create transparency in the decision process and verification of authority figures these criminal enterprises are fundamentally undermined. The Elastos’ evolving Web3 systems allow players and families to secure their data, verify the provenance of agents and learn about the opportunities in a inspiration yet safe manner. In this way, blockchain is the key to prevention of trafficking at a systemic level.”
Keynote speakers at the event include Samuel Eto’o Fils, President of the Federation Of Cameroon Football Football (FECAFOOT), and H.E. Mrs Melrose Karminty, Minister of Social Welfare, Republic of Sierra Leone. Other distinguished speakers include Dr Roberto Branco Martins, Director General of the European Football Agents Association (EFAA); Lerina Bright, Founder & Executive Director of Mission89; Ambassador Michel Xavier Biang, Permanent Representative of Gabon to the United Nations; Alya bint Ahmed Al Thani, UN’s Permanent Representative of Qatar; and Ambassador Isabelle F. Picco, Permanent Representative of Monaco to the United Nations.
This forum aims to spotlight the issue of human trafficking in sports and empower young individuals to become advocates and change agents by leveraging technology. By providing a platform for youth engagement and participation, they can voice their concerns, share innovative tech-driven ideas, and contribute to developing effective strategies to combat this urgent issue.
The event’s alignment with the United Nations’ commitment to combat human trafficking and promote youth engagement underscores its significance. It harnesses the UN’s extensive experience in addressing human rights issues and complements ongoing efforts to raise awareness about the grave issue of human trafficking.
Mission 89 is a research, education, and advocacy organization headquartered in Geneva that fights the exploitation of young athletes through social and economic transformation. Its guiding principles include the United Nations Convention on the Rights of the Child (1989) both broadly and specifically which declares that members “shall take measures to combat the illicit transfer and non-return of children abroad”.
Through grassroots and digital campaign initiatives, the organisation raises awareness of the trafficking phenomena among youth across the world, consistently engaging both local and foreign partners and organisations in over 50 countries. Mission 89’s aim is to mitigate child trafficking in sports through research, education, and the implementation of mandatory regulations to keep sports training academies accountable for the safety and well-being of children in their care.
About Generation Amazing Foundation
The Generation Amazing Foundation (GA) is a human and social legacy-focused organisation that launched in 2010 during Qatar’s successful bid for the 2022 FIFA World Cup™.
GA operates its sport for development programmes in alignment with the United Nations Sustainable Development Goals and Qatar’s National Vision 2030, to promote sustainability, inclusion, and gender equality. GA’s unique methodology utilises the power of football to impart crucial life skills including communication, leadership, teamwork and compassion to youth and communities in need across the globe. Since its launch, GA, in collaboration with key partners, has reached and positively impacted over 1 million lives in 75 countries and counting.
Learn more at www.generationamazing.qa. Follow us @GA4Good on Instagram, Twitter, Facebook and LinkedIn.
The United Nations Office on Drugs and Crime (UNODC) is the leading UN agency in the fight against organised crime, illicit drugs, terrorism and corruption. Its presence around the globe and expertise allows it to support countries in developing comprehensive and effective solutions against threats to development and to achieve the SDGs.
UNODC provides technical assistance, research and normative support to Member States to help them develop and implement comprehensive, evidence-based solutions to the complex and interconnected threats that they face at the national, regional and global levels.
Our efforts centre on protecting people and our planet from criminal exploitation through inclusive, sustainable, human rights-based approaches.
Headquartered in Vienna with a network of over 130 offices around the world, UNODC advances justice, health and security to build resilient societies and improve everyday life for individuals, families and communities around the globe.
Elastos is a Web3 ecosystem powered by a suite of open-source, decentralized technologies for identity, security, communication, data storage and commerce. It gives developers the hardware and software tools to build truly decentralized applications from games to social platforms, DeFi, and marketplaces.
As the only Web3 ecosystem with a blockchain dedicated to DIF and W3C compliant decentralized identifiers (DIDs), a unique secure dual-chain architecture, and a hybrid consensus, Elastos champions self-sovereignty. By providing unlimited control, security and interoperability, as well as grants and guidance for those who wish to build a truly decentralized web, Elastos is on a mission to help everyone forge their own digital destiny.
Find out more at: https://elastos.info/digital-destiny
Stay tuned for more details about how Elastos decentralized tech stack is helping make the world a better place. Read the press release here.
The article and graphics were created by the Elavation Team
All the way back in April, Elastos made an announcement about partnering with a developer group based in Indonesia called OTSIT Group. As Asia’s sustainable community builder OTSIT and Elastos entered a strategic partnership to deploy Elastos’ open-source Web3 solutions throughout OTSIT’s housing projects across Southeast Asia.
Today, Elastos and OTSIT have published a press release announcing the next phase in the partnership with more details on how Elastos DIDs, CreDA credit scores and other decentralized technologies will support the creation of new regenerative economies that promote and incentivize good environmental behavior.
Read more about it here.
The article and graphics were created by the Elavation Team.
Who Controls Your Gaming Destiny? As we build towards a new concept of a decentralized web, we need to come together to agree on what a self-sovereign, equitable Web3 looks like, what it requires and how we can work together to make it happen.
As part of our ongoing Twitter Spaces series, we ask, ‘Who Controls Your Digital Destiny?’, inviting industry leaders to debate, disagree, and ultimately identify and align on the key pillars of the web we all want to be part of.
Our most recent Spaces took a deeper dive into one of the key areas highlighted in our first Twitter Spaces: gaming and entertainment! This session aimed to:
- Identify and agree on the opportunities and challenges for gaming and gaming communities as they explore and migrate to Web3 and GameFi.
- Build consensus on the different technology solutions needed to ensure personalized experiences, creator-owned and monetized content, marketplaces, gamer IDs, leaderboards, etc.
- Build understanding of what it takes to build a healthy ecosystem and community for gamers that is open, accessible, self sovereign and most importantly, a lot of fun!
Gaming is the largest entertainment segment in the world! The Global “Games Market” earns nearly $200BN per year. That’s bigger than Hollywood and the music industry combined. But not only that, given Web3’s community focus and ability to track and incentivize behaviour, the gamification of everything from work to shopping to health means that we are entering a new era. But how can we make sure gamers are central to this new world and not commoditized as they have been in the social media era? How can we own and keep and manage our virtual assets? What aspects of a gaming ecosystem need to be considered?
Here is a cross section of the key discussion points laid out by our guests:
- Adin – Web3 Manager at Wisdom Labs, the innovation arm of game and entertainment studio Wisdom Gaming
- Johnny – CEO of Morfyus and Morfyus Leage, a gameFi esports league and guild
- Roy – Co-Founder of Arcus, a popular play-to-earn first person shooter
- *Pavel – CEO of Bluzelle, unfortunately wasn’t able to join.
The conversation covered various topics such as the challenges and opportunities of Web3 gaming compared to Web2, the importance of decentralized identity (DIDs) and data sovereignty, and the role of fairness and transparency in gaming.
The panellists discussed the need for qualities and technologies in an open, self-sovereign gaming ecosystem. They touched upon the importance of standards and interoperability, as well as the integration of business models into Web3.
The conversation explored the potential of Web3 gaming, addressing challenges, discussing technologies, and emphasizing the importance of fairness, transparency, and self-sovereignty in gaming experiences.
What are the challenges of Web3 gaming and how do they compare to Web2?
One challenge mentioned is the commoditization of gamers in the social media era. How to ensure that gamers are central to the new Web3 world and not treated as mere commodities, as they have been in the past. This suggests that in Web2 gaming, players may have been undervalued or not given the recognition they deserve.
Another challenge discussed is the learning curve for people transitioning to web3. Johnny mentioned that games in the past were not as seamless as they are today, indicating that Web3 gaming aims to provide a more user-friendly and familiar experience. This suggests that in web2 gaming, the user experience may have been more complicated or less intuitive.
Additionally, the conversation touched on the challenge of integrating web3 into existing gaming experiences. Adin mentioned the need to find ways to integrate web3 into broader gaming experiences through marketing campaigns, brand integration, and providing more value to brands. This implies that adapting web3 technology to fit existing games and platforms may pose a challenge.
How can interoperability and standards be established across different games and platforms in web3?
Collaboration between game developers: Johnny raises the question of how to get different game developers to work together. Establishing collaboration and cooperation among game developers could be a key factor in establishing interoperability and standards. This could involve sharing knowledge, resources, and best practices to create a unified approach to web3 gaming.
Development of industry-wide standards: To ensure interoperability, the gaming industry could work towards developing and adopting industry-wide standards. These standards could define protocols, formats, and guidelines that games and platforms must adhere to in order to achieve compatibility and seamless integration. Establishing these standards would require the involvement of industry organizations, regulatory bodies, and game developers.
Open-source initiatives: Open-source projects can play a significant role in fostering interoperability. By creating open-source frameworks, libraries, and tools, developers can collaborate and contribute to building a common foundation for web3 gaming. Open-source initiatives encourage transparency, community participation, and the sharing of knowledge, which can lead to the establishment of interoperable standards.
Adoption of blockchain technology: Blockchain technology, which underpins web3, can facilitate interoperability by providing a decentralized and transparent infrastructure. Through the use of smart contracts and decentralized protocols, game assets, currencies, and identities can be easily transferred and utilized across different games and platforms. By leveraging blockchain technology, developers can establish a common framework for interoperability.
Standardization of game asset formats: To achieve interoperability, it would be essential to standardize the formats of game assets such as characters, items, and environments. By defining common formats, developers can ensure that these assets can be seamlessly integrated and utilized across various games and platforms. This standardization could streamline the process of asset sharing and interoperability.
Cross-platform compatibility: To establish interoperability, web3 games should aim to be cross-platform compatible. This means ensuring that games can be played and accessed across different devices and platforms, such as consoles, PCs, mobile devices, and virtual reality headsets. By focusing on cross-platform compatibility, developers can enable players to enjoy the same gaming experience regardless of their preferred platform.
What are the challenges of web3 gaming and how do they compare to web2 gaming?
Commoditization of gamers: The moderator raised the concern that gamers have been commoditized in the era of social media. In web3 gaming, the challenge would be to ensure that gamers are not treated as commodities but rather as active participants and beneficiaries of the ecosystem. Web2 gaming may not have faced this challenge to the same extent, as the focus was primarily on entertainment rather than community participation and value creation.
Integration of web3 technology: Adin mentioned the responsibility of finding ways to integrate web3 into broader gaming experiences. This suggests that one challenge of web3 gaming is effectively incorporating blockchain technology, decentralized finance (DeFi), non-fungible tokens (NFTs), and other web3 elements into traditional gaming models.Web2 gaming, on the other hand, may not have faced this challenge as it was not built on decentralized and blockchain-based technologies.
Learning curve and user experience: Jamie asked about the biggest challenge for people on the learning curve and how games can evolve in the future. This implies that web3 gaming may present a steeper learning curve compared to web2 gaming. The integration of complex technologies and the need to understand concepts like digital ownership and decentralized systems might require users to adapt to new interfaces and experiences. web2 gaming, in contrast, may have focused more on providing familiar and user-friendly interfaces.
Mass adoption and value provision: Adin mentioned the need to find ways to introduce web3 into games and provide immediate value to players. Web2 gaming may have had the advantage of already being established and familiar to players, while web3 gaming needs to convince users of the benefits and advantages it offers.
Fairness and transparency: Adin spoke about the goal of providing more fairness and transparency in gaming through web3. This implies that web3 gaming faces the challenge of addressing the issues of fairness, such as reducing cheating and ensuring transparent and trustworthy gameplay. In comparison, web2 gaming may have faced similar challenges, but web3 gaming has the potential to leverage blockchain technology and smart contracts to create more transparent and fair gaming environments.
To become successful, web3 gaming must address challenges in scalability, user experience, community building, interoperability, regulations, and sustainability. To achieve this, developers must leverage blockchain technology to build games with open economies, allowing players to earn and spend tokens within and outside those games. They also need to design games with incentives to attract and retain users.
Web3 gaming is a nascent industry, and through collaboration, Elastos hopes to build a vibrant ecosystem with partners such as Wisdom Labs, Arcus, Morfyus, Lifty.io and Build it Merchants. As the gaming industry has shown, early adopters of new technologies can reap significant rewards. Therefore, it is essential for developers to stay abreast of evolving player preferences and continue to iterate and innovate to meet users’ demands and help achieve web3 gaming’s success in the future.
Elastos is excited to invite new partners and platforms to join us as we forge our own gaming destinies.
Check out the Twitter Spaces recording here.
The article and graphics were created by the Elavation Team.
“Elastos has consistently demonstrated both its technical and strategic vision for the future of Web 3, and we hope more developers will discover this growing ecosystem. As a leading provider of cloud services, we are looking forward to helping shape the future of Web3 with Elastos.” – Howie Hao Jiang, Web3 Chief Solution Architect at Tencent Cloud Europe.
In an exciting development for the Web3 industry, Elastos has joined hands with Tencent Cloud. Aiming to foster innovation and accelerate the growth of Web3, bringing forth a more inclusive and secure modern internet. With their combined expertise and shared vision of empowering a more inclusive and secure Web3, Elastos and Tencent Cloud are poised to accelerate the Web3 space, offering developers and startups new opportunities for growth and success.
The partnership between Elastos and Tencent Cloud sets the stage for a wide array of collaborative initiatives. Elastos is exploring the use of Tencent Cloud as a cloud service partner, leveraging its formidable infrastructure for a range of technology-related services and platform operations. For Tencent Cloud, the collaboration with Elastos provides greater access to Web3 expertise and decentralized technologies for its customers.
Reinforcing Web3 Infrastructure with Joint Business Development
Both Elastos and Tencent Cloud understand the significance of robust infrastructure in ensuring the success of Web3 projects. Their cooperation involves joint efforts to present Tencent Cloud as a reliable infrastructure option for developers and validators within the Elastos ecosystem. This tactical partnership aims to augment developers’ experience with the ease of access to Tencent Cloud’s remarkable resources. The collaboration further delves into the possibility of promoting Tencent Cloud as an infrastructure provider for developers and startups launching applications on Elastos, thereby fostering a dynamic and supportive atmosphere.
Tencent Cloud will provide customized offers and incentives to builders on Elastos, enhancing the ecosystem’s access to Tencent Cloud’s services. Additionally, Tencent Cloud will introduce Elastos to its ecosystem partners, creating new avenues for collaboration and. Moreover, Tencent Cloud will offer Elastos the opportunity to showcase relevant Web3-related products and offers on its marketplace, providing exposure to a vast customer base and driving Web3 adoption.
Unleashing the Potential of Startups in the Web3 Universe
To cultivate the growth of inventive startups within the Web3 sector, Elastos will extend an invite to Tencent Cloud to join the Elastos Ecosystem and provide support to the innovative projects arising from this vibrant community. This includes direct participation in Elastos’ upcoming ‘Destiny Calls’ startup grant programme that aims to offer valuable support and resources to startups looking to build decentralized solutions. Through the partnership, Tencent Cloud will have the opportunity to directly nominate startups for this program from their existing large ecosystem of partners.
Similarly, Elastos will become a partner to Tencent Cloud’s ‘Web3 Startup program’, offering valuable support and cloud resources for startups, whilst also having the opportunity to nominate startups for this program.
Additional Marketing Synergies
The partnership between Elastos and Tencent Cloud will include joint marketing activities, leveraging their respective digital channels to encourage shared initiatives and accomplishments. They will also participate in joint event activities at industry conferences and trade fairs, further amplifying their collective presence and impact within the Web3 space.
Future Innovations and Service Integration
Elastos and Tencent Cloud will continue to explore joint business and product development opportunities, aiming to integrate Elastos and Tencent’s platforms and solutions into new cutting-edge services. The two parties will explore the integration of multiple best in class service providers to give Elastos ecosystem builders and users multiple choices for Web3-related services, including identity solutions, further fortifying the security and expediency of user identity management in the digital landscape and creating a more seamless and secure digital experience for the growing community of Web3 explorers and advocates.
The strategic partnership between Elastos and Tencent Cloud marks a significant milestone in the advancement of Web3 and the creation of a more inclusive and secure modern internet. By leveraging Tencent Cloud’s expertise and resources, Elastos is poised to accelerate innovation and empower developers and startups to build the next generation of decentralized services and solutions within its ecosystem.
“Elastos has consistently demonstrated both its technical and strategic vision for the future of Web 3, and we hope more developers will discover this growing ecosystem. As a leading provider of cloud services, we are looking forward to helping shape the future of Web3 with Elastos,” says Howie Hao Jiang, Web3 Chief Solution Architect at Tencent Cloud Europe.
Together, Elastos and Tencent Cloud are driving the adoption of Web3 technologies, fostering a thriving and collaborative environment where the possibilities for decentralized applications and services are limitless.
Stay tuned for an upcoming webinar exploring the opportunities between Elastos and Tencent Cloud.
The article and graphics were created by the Elavation Team.
Elastos and Wisdom Labs Partner to Foster Web3 Game Development Through the Application of Elastos Decentralized Technologies
Elastos has leveled up with the announcement that we’ve tapped Wisdom Labs, the development and Web3 division of Wisdom Gaming, to become a premiere building partner for gaming and esports for projects and platforms in Elastos’ decentralized ecosystem.
Who is Wisdom Labs?
Wisdom Labs is Wisdom Gaming’s Web3 development division that is creating products that will change how people experience gaming and esports. Operating as both a creative agency and a development team, Wisdom Labs uses innovative technology to take projects from ideation to development, all under one roof. Service offerings include Web3 integrations, smart contract development, security audits, token development, NFTs, blockchain-based mobile game development, DAPP development, and in-app purchase support. In addition to Web3 services, Wisdom Labs offers Web2 capabilities including full-stack development, UX/UI design, Twitch extensions, and e-commerce platform development.
What is the Partnership About?
Wisdom Labs will become a leading building partner for game creators looking to build or deploy on Elastos through this collaboration. Elastos’ existing and future gaming partners will have access to work directly with Wisdom Labs, tapping into the team’s expertise in design, development, broadcasting, and community building in addition to identifying new areas to level up partnerships, offering the Web3 gaming community opportunities to build upon data, content, and experiences.
“GameFi has been at the forefront of what Web3 can deliver in terms of building economies around communities,” says Fakhul Miah, Growth Lead at Elastos. “As gamers, we’re excited to develop a healthy and collaborative decentralized gaming ecosystem that allows users to own, track and monetize their efforts while having a blast. As a top gaming and esports development team based in the US, Wisdom Labs brings experience and excitement to Elastos, and we look forward to working together to build the next generation of experiences for users.”
The partnership offers exciting new opportunities for gamers, producers, and platforms to own and monetize content. As a dynamic building partner for gaming and esports, Wisdom Labs will support Elastos’ new and existing partners to further develop their Web3 game development through the application of Elastos decentralized technologies such as identifiers (DID), storage (Hive), and digital rights management (DRM). Supporting the next generation of game developers, both teams look to eventually include learn-to-earn opportunities for new developers to apply Web3 principles.
“The ability to build on multiple blockchains offers tremendous value for Web3 game developers, allowing them to not conform to only one standard,” said Adin Zweigbaum, Web3 Project Lead at Wisdom Lab. “We’re thrilled to extend our expertise into Elastos’ new and current partners to bridge the game between creative builders seeking to create somewhere new and providing them the required support to get there.”
The partnership announcement caps a string of recent partnerships between Elastos and GameFi developers and platforms, such as Build it Merchants and Arcus that look to incorporate Elastos’ decentralized solutions.
Where Can I learn More?
For more information on Elastos and Wisdom Labs partnership, we will be hosting a Twitter Spaces on August 16 at 9a.m. More details to come. For the time being, check out Wisdom Labs, Wisdom Gaming and follow them on Twitter.
The article and graphics were created by the Elavation Team.