Enjin co-founder: Here’s a roadmap for replacing shadowbans in the metaverse By Cointelegraph
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Enjin co-founder: Here’s a roadmap for replacing shadowbans in the metaverseFor all the hype around the metaverse, it is easy to forget it is still in its infancy. While the term has only recently entered the broad public consciousness, its impact on how we interact with technology is already expected to be deeply consequential. McKinsey & Company estimates that annual global spending within the metaverse could reach $5 trillion by 2030 across domains as broad as gaming, social, fitness, commerce and remote learning.
The question of how to define and build technology with such broad capabilities is in flux. While a number of games — such as Roblox, Fortnite and Minecraft — have been hailed as early examples of successful metaverse platforms, a more holistic approach would see unrestricted interaction for players across these games. Interoperability between metaverse platforms is one key component that should be considered.
Witek Radomski is the chief technology officer and a co-founder of Enjin, a blockchain tech company building products for next-generation NFTs. Witek is the author of the ERC-1155 token standard, the only token standard that enables the configuration of both fungible tokens and NFTs in a single smart contract.
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Enjin co-founder: Here’s a roadmap for replacing shadowbans in the metaverseFor all the hype around the metaverse, it is easy to forget it is still in its infancy. While the term has only recently entered the broad public consciousness, its impact on how we interact with technology is already expected to be deeply consequential. McKinsey & Company estimates that annual global spending within the metaverse could reach $5 trillion by 2030 across domains as broad as gaming, social, fitness, commerce and remote learning.
The question of how to define and build technology with such broad capabilities is in flux. While a number of games — such as Roblox, Fortnite and Minecraft — have been hailed as early examples of successful metaverse platforms, a more holistic approach would see unrestricted interaction for players across these games. Interoperability between metaverse platforms is one key component that should be considered.
Witek Radomski is the chief technology officer and a co-founder of Enjin, a blockchain tech company building products for next-generation NFTs. Witek is the author of the ERC-1155 token standard, the only token standard that enables the configuration of both fungible tokens and NFTs in a single smart contract.
Continue Reading on Coin Telegraph
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