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. The discussion revolved around 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 and interact with other products or services. Webb simplifies interoperability as the creation of a nonfungible token (NFT), where the creator has complete control over it.
The conversation delved into how interoperable applications can have a profound impact. According to Webb, nonfungible token (NFT) communities and brands have shown great creativity in terms of creating products, ideas, and experiences. Enabling the creation of intellectual property (IP) allows users to showcase their loyalty and achievements.
Interoperability also works hand in hand with token-gated experiences. Users can use the tokens they hold as access passes to attend events and receive exclusive benefits. This integration allows brands to collaborate, connect with users, and create a multitude of value.
Webb believes that interoperability could be the foundation of various sectors. Transparent and data-driven platforms can foster collaboration and engagement across tech companies. E-commerce, creative experiences, and even concepts like identity and self-sovereignty will be impacted by interoperability.
However, Webb acknowledges that creating a standard that suits all countries comes with challenges and risks. Centralized regulatory bodies may hinder experimentation and growth.
To hear more about the conversation, listeners can tune in to the full episode of NFT Steez. The next episode is scheduled for December 2nd at 12 pm EST.
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