#What future trends should we expect in the metaverse?
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Top 10 Business Benefits of Investing in Metaverse Development
As the digital landscape evolves, the metaverse is emerging as a revolutionary platform for businesses, offering a virtual, interconnected universe where real-time interactions with digital objects and users are possible. This technology provides businesses with innovative ways to engage customers, enhance experiences, and reach a global audience.
The global metaverse market is set to reach $3,409.29 billion by 2027, highlighting the importance of integrating metaverse development services for future success.
Technologies like Virtual Reality (VR), Augmented Reality (AR), blockchain, and Non-Fungible Tokens (NFTs) drive the metaverse, enabling businesses to create immersive and interactive environments.
These technologies allow for unique brand experiences, virtual events, and personalized marketing campaigns that engage users in new and exciting ways. The metaverse also offers high customization and personalization levels, making user interactions more meaningful and memorable.
Intelisync's metaverse development services provide the expertise and innovation needed to thrive in this new digital realm.
By creating immersive virtual environments and integrating cutting-edge technologies, Intelisync helps businesses enhance customer engagement, reduce operational costs, and future-proof their strategies. Don't miss out on the potential of the metaverse—transform your business with Intelisync’s comprehensive solutions. Contact us today to learn more and embark on your journey into the Learn more...
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Role Of Metaverse In Future Remote Work Culture
In a world full of changes and upcoming trends, technology has adapted to new and emerging updates worldwide. Earlier, when tech was just a word with no meaning, people used to travel long distances to earn some bucks being the only bread-earner in the family. People had no space to enjoy their personal life due to long working hours and traveling huge distances.
Slowly, when the technology updated itself, every state and city became reliable enough to offer employment opportunities. During covid pandemic, more than 90% of organizations switched to remote work, where the users logged in/out and worked from home. In this way, they were able to have a healthy work-life balance. Some workplaces allowed hybrid work mode, where they can work 2 days from the office and the remaining days from home.
Finally, when AI and metaverse stepped into the tech industry, remote work can be a great choice for firms to adapt. Before we even begin to discuss, let's know,
What Is Metaverse?
Metaverse is a network that connects 3D virtual worlds to assist people with each other, shop intriguing products via cryptocurrency, hang out, adapt personal digital avatars, etc. While metaverse locations depict through virtual reality (VR) or augmented reality (AR), they can also be accessed using a computer or smart device. However, to fully experience the three-dimensional immersion, using a VR headset is necessary.
The availability of VR-enabled headsets has increased significantly, to the point where organizations include them as part of the office equipment covered for their employees. It leads us to the next point, i.e., the role of a metaverse in future remote work culture:
Team Solidarity:
Even when the whole world is all set to adapt metaverse, you must ensure that your team's unity should not be disturbed. With metaverse technology, you can see your team's collaboration in your success. People who belong to a united team often prioritize collective interests over their own individual concerns. Furthermore, they exhibit greater enthusiasm and drive to contribute towards achieving the team's objectives.
Customer Interaction:
With metaverse and intriguing VR features, the employees can interact with their customers virtually without hassle. Discuss the challenges that employees often face when interacting with customers and how virtual reality can revolutionize these interactions by eliminating significant obstacles. The emergence of virtual reality technology will enable remote employees to connect with customers in unprecedented ways, surpassing previous limitations.
Virtual Office Environment:
The metaverse, leveraging Virtual Reality (VR) and Augmented Reality (AR), will simplify the remote work experience for employers and employees. It will be possible to establish a virtual workspace that replicates either the real-world office environment or the specific settings of the company. Within this digital realm, individuals can collaborate on tasks and projects, effectively completing work in a virtual format.
Team Collaboration:
The metaverse will enable remote workers to enhance their communication skills and place a strong focus on teamwork. These virtual environments have the potential to amplify a team's capacity for innovation and goal attainment in a more streamlined manner. Operating within the metaverse is expected to address the issue of remote workers feeling disconnected and lacking a sense of accomplishment as part of a team, a challenge that many currently face.
Virtual Conferences:
Virtual trade shows are poised to supplant traditional conferences and expos as they prove to be more efficient and offer enhanced engagement opportunities. Irrespective of their physical location, remote attendees can conveniently access live, interactive networking opportunities and content using their computers or smart devices. These virtual conferences take place entirely online, often within metaverse ecosystems, eliminating the need for travel, hotel bookings, or catering arrangements.
You can also watch: EmpMonitor | Leading Employee Workforce Productivity Tool
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The Verdict:
So we hope the users will finally understand the role of a metaverse in future remote work culture. It will inspire them to adapt and go ahead with the changing technology.
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Meta Domains: All Hype or a Big Opportunity?
The emergence of MetaZ domains has sparked debates about whether they are just another hype or a genuine opportunity within the evolving digital landscape. Let's delve into various aspects of MetaZ domains to evaluate their potential and shed light on why they might be considered a significant opportunity:
1. What are MetaZ Domains?
MetaZ domains, forming part of the 3D future internet, are envisioned as a new frontier in the digital world. They are designed to operate within the metaverse, a virtual space resembling a physical world. The Meta domain naming system, including extensions like .Z, .X, .web3, and .meta, represents a paradigm shift from traditional domain systems like ICANN.
2. Why Meta Domains Might Be a Big Opportunity:
Several factors contribute to the potential opportunity presented by MetaZ domains:
a. Changing Internet Landscape:
The concept of a 3D internet, with AI answering queries within a virtual world, signifies a transformative shift. MetaZ domains align with this vision, suggesting they may play a crucial role in the future internet ecosystem.
b. Projected Growth of the Metaverse:
According to McKinsey and Company, the metaverse is projected to have a value of $5 trillion by 2030. This projection hints at substantial growth potential for MetaZ domains as integral components of the metaverse.
c. New Domain Extensions and Ecosystem:
The introduction of domain extensions like .Z, .X, .web3, and .meta, coupled with the development of Meta browsers and metaspaces, creates a new and dynamic ecosystem for users to explore and engage.
3. Domains Are Always a Very Good Investment:
Historically, traditional domains have proven to be valuable investments, with their resale values often appreciating over time. The perpetual ownership model of MetaZ domains, without yearly renewal fees, adds an attractive dimension to their investment potential.
The history of .com domain flipping traces its roots to the late 20th century when the internet was gaining widespread popularity. One of the earliest and most notable examples is the sale of the domain name "Business.com" in 1999 for a staggering $7.5 million, setting a precedent for high-value domain transactions. This success story demonstrated the potential profitability of investing in and reselling premium .com domains.
Over the years, domain flipping has evolved, with numerous success stories showcasing substantial returns on investment. For instance, the sale of "Insure.com" in 2009 for $16 million underscored the enduring demand for short, memorable, and marketable domain names. These examples illustrate how strategic acquisition and timing, coupled with an understanding of market trends, can lead to significant success in the .com domain flipping industry.
4. Internet Needs to Change:
The conventional internet is transitioning towards a more immersive and interactive experience, emphasizing the need for a change. As technologies advance and user expectations evolve, it is becoming increasingly clear that the internet needs to adapt to meet these new demands. Users are seeking a more engaging and personalized online experience, one that goes beyond static web pages and static content.
The internet of the future must be dynamic, responsive, and able to cater to the unique needs of each individual user. This necessitates a shift in how we approach internet interactions. Rather than passively consuming information, users should be active participants in the online world, able to interact, collaborate, and co-create with others.
This is where MetaZ domains come into play. By leveraging cutting-edge technologies such as augmented reality (AR), virtual reality (VR), and artificial intelligence (AI), MetaZ domains offer a transformative and immersive internet experience. These domains serve as a gateway to a new digital realm, where users can explore interactive virtual environments, engage in real-time communication and collaboration, and access personalized content tailored to their interests and preferences.
5. Prices Are Low:
At the current stage, prices for MetaZ domains are relatively low, providing an entry point for individuals and businesses to acquire digital real estate within the metaverse. This presents a unique opportunity for those looking to establish their presence in this emerging digital landscape.
As the concept of the metaverse gains traction, the demand for virtual properties is expected to skyrocket. Just like in the physical world, owning a prime location within the metaverse can be highly valuable and sought after. By acquiring a MetaZ domain now, individuals and businesses can secure their stake in this evolving digital realm at a fraction of the cost compared to future projections.
The low prices of MetaZ domains not only enable accessibility but also foster innovation and creativity. With a relatively low investment, individuals can experiment and explore the possibilities of this new virtual space. Entrepreneurs can establish online businesses, artists can showcase their creations, and communities can build immersive interactive environments, all within the metaverse.
6. Users Are Interested in Buying:
Users' interest in buying MetaZ domains is evident, driven by the allure of staking a claim in the evolving metaverse and the potential for future value appreciation. The concept of MetaZ domains has captured the attention of tech enthusiasts and investors alike, as they recognize the transformative power of the metaverse.
With its promise of virtual worlds, immersive experiences, and vast opportunities for business and entertainment, the metaverse has become the new frontier in technology. By acquiring MetaZ domains, users are positioning themselves for the future, seizing the opportunity to establish a unique digital presence within this virtual realm.
7. Ecosystem is Already Developed:
The existence of Meta browsers, metaspaces, and a range of registrars such as NameZage, Ogett, and Cipzi indicates a developing ecosystem around MetaZ domains, enhancing their usability and accessibility.
8. All Hype?
a. Most Trends are Just Hypes:
While some trends may be fleeting, the comprehensive developments in the metaverse, backed by significant investments, suggest that MetaZ domains might transcend the label of mere hype.
b. Primary Buying Goal: Domain Flipping:
The primary buying goal of MetaZ domains currently revolves around domain flipping, raising questions about the sustainability and long-term value of these investments.
9. Decentralized Internet Technology Needs Further Improvement:
The decentralized nature of MetaZ domains is a strength, but it also poses challenges. By leveraging blockchain technology, MetaZ domains offer users a level of autonomy, security, and censorship resistance that is unparalleled in the traditional internet landscape. However, this decentralized infrastructure comes with its own set of hurdles.
Ensuring the seamless integration of MetaZ domains into the broader digital landscape requires continuous advancement and improvement in decentralized internet technology. This includes addressing scalability issues, enhancing interoperability with existing systems, and streamlining user experience. As more individuals and businesses embrace the metaverse and explore the potential of MetaZ domains, the need for scalable, efficient, and user-friendly decentralized internet solutions becomes increasingly important.
10. Cons of MetaZ Domains:
a. VR Devices Not Popular:
The limited popularity of VR devices poses a hurdle for the widespread adoption of MetaZ domains, limiting their reach and impact.
b. Not Popular Worldwide:
While significant investments are made by tech giants, the popularity of MetaZ domains is not uniform worldwide, posing challenges for global acceptance.
c. Still the Beginning:
The nascent stage of MetaZ domains implies uncertainties and potential obstacles on the path to mainstream adoption.
In conclusion, the MetaZ domain landscape presents a unique blend of opportunities and challenges. While the potential for a paradigm shift in the internet landscape is evident, users and investors must carefully evaluate the evolving dynamics, considering factors such as current pricing, user interest, and the overall development of the metaverse ecosystem. As the industry matures, MetaZ domains may find their place as transformative elements in the ever-evolving digital frontier.
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How Brands Can Prepare a Winning Metaverse Strategy in 2024
The metaverse is rapidly emerging as the next evolution of the internet, offering brands new opportunities to engage audiences in immersive and interactive ways. As consumers spend more time in metaverse environments like Decentraland, The Sandbox, and Roblox, savvy brands are developing metaverse strategies to meet audiences where they are most active. But what exactly is the metaverse, and how can brands capitalize on these new virtual worlds? Here we break down the strategic opportunities for brands in the metaverse and provide proven advice for developing an effective metaverse strategy. An Introduction to the Metaverse Trend The term “metaverse” refers to persistent 3D virtual worlds where users can explore digital landscapes, interact with each other through avatars, and participate in experiences spanning gaming, social media, entertainment and more. While still in early stages, the meta-verse aims to integrate multiple aspects of online life into interconnected virtual spaces. Major tech companies like Meta (formerly Facebook), Microsoft, and Epic Games are investing billions into building open, interoperable metaverse platforms. Consumer brands want in on the action too. Research shows 71% of consumers are interested in exploring brand interactions in the metaverse. (Source) For brands, the metaverse unlocks new channels for engaging audiences with immersive storytelling, branded virtual events, digital products, and experiential marketing. Just as brands migrated to social media and ecommerce years ago, early brand activation in the metaverse can help secure mindshare with future consumers. Overview of Major Metaverse Platforms and Audiences While there is no singular “metaverse” yet, several platforms show promise in attracting brands and users: - Decentraland - Browser-based virtual world where users buy digital real estate and create experiences. Attracts crypto enthusiasts. - The Sandbox - Gaming-focused meta-verse with a voxel art style. Popular with gamers. - Roblox - Massive gaming platform with 43 million daily users. Popular with under 13 crowd. (Source) - Meta Horizon Worlds - Social VR playground still in beta. Will integrate with Facebook, Instagram and other Meta apps. The metaverse demographic skews young and tech savvy for now. However, as VR devices improve and platforms evolve, mass consumer adoption is expected within 5-10 years. Brands evaluating meta-verse platforms should consider factors like audience reach, creation tools, commercial opportunities, and technical requirements. Selecting platforms aligned to brand goals and target users is key. Key Opportunities for Brands in the Metaverse Brands are just starting to explore how virtual worlds can drive business value. Early experimentation has revealed some of the most promising opportunities: Immersive Experiences and Virtual Events Virtual spaces allow brands to create events and experiences that go beyond what’s possible physically. For example, in Decentraland, Gucci developed a virtual garden that changes with the seasons. Nike acquired virtual sneakers company RTFKT and is creating gamified worlds to launch digital sneakers. Such experiences foster deeper engagement with brands. The metaverse also enables new event formats like virtual product launches, hybrid digital/physical concerts, VR tradeshows, and exclusive gatherings for loyalty program members. Expect more brands to host interactive virtual events as an alternative or complement to in-person experiences. New Marketing Opportunities with NFTs and Virtual Products Non-fungible tokens (NFTs) and virtual goods offer brands new ways to engage audiences. From collectible digital sneakers to fashion pieces for avatars, virtual products present monetization potential. For example, Dolce and Gabbana created a nine-piece NFT collection that sold for $6 million (Source). CPG brands could offer limited edition digital mascotcharacters or virtual food products for avatars. As users personalize digital identities, branded virtual goods can show affiliation. Integrating Real World and Virtual Experiences Linking real world and virtual activations can merge physical and digital engagement. For instance, Coca-Cola launched their virtual Music Hall in Fortnite, displaying artist profiles of physical musicians playing concerts in real life (Source). Fashion label Clinique offered virtual makeovers in Decentraland using products from physical stores (Source). Such initiatives build consistent brand experiences across channels. Real world rewards or access can drive participation in virtual events, while digital extensions give physical touchpoints longer shelf life. Omnichannel strategies will be key in the metaverse. Developing a Winning Metaverse Strategy While the metaverse presents intriguing potential for brands, it requires careful planning and strategic investment to generate real value. Follow these best practices when developing your meta-verse activities: Select the Right Platforms and Audiences As outlined earlier, top metaverse platforms attract different users today. Decentraland skews crypto/investor profiles, The Sandbox gaming enthusiasts, Roblox kids. Not all brands belong in all worlds. Prioritize 1-2 platforms where your audience is active and your brand resonates. Set Goals and Success Metrics Have a clear vision of what you want to achieve in the meta-verse. Potential goals include brand awareness, engagement, community building, lead generation, and sales of virtual goods. Define metrics to track performance for optimization. Measure beyond vanity metrics like visitors or impressions to conversion actions. Budget and Resourcing Considerations The metaverse demands new design skills and technology investments that traditional agencies may lack. Brands need 3D designers, gaming developers, VR experts and blockchain technologists on their rosters. Plan for a 6-12 month ramp up to find the right partners and build internal capabilities. Metaverse initiatives can cost from tens of thousands to millions based on complexity. Start with small tests before committing major spends until you validate your strategy. Invest early while costs are lower to gain first mover advantage. Executing and Measuring Your Metaverse Strategy An adaptable approach is key to metaverse success. Follow agile principles of launching small tests, analyzing data, learning and improving: Start with Pilots and Experiments Given the nascency of the meta-verse, brands should embrace a “test and learn” mindset. Start with low risk initiatives like designing branded wearables for avatars or creating a simple branded space. Measure adoption and feedback before investing in larger domains or experiences. Analyze Performance Data and User Feedback Collect data and observe how users interact with your brand in the metaverse. Are they spending meaningful time exploring? Sharing socially? Buying branded virtual goods? Feedback surveys can also reveal what resonates. Optimize and Evolve Your Strategy Use insights uncovered from tests to refine your strategy over successive iterations. Expand on elements that work well and course correct those that fall flat. The metaverse rewards persistent brands who iterate to meet evolving user needs. Metaverse Strategy Examples from Early Brand Activators While still early days, some influential brands offer inspiration: - Nike – Acquired RTFKT to create virtual sneakers for the meta-verse. Also opened Nikeland in Roblox to showcase products in an interactive world (Source). - Gucci – Created the Gucci Garden space in Roblox for customers to interact with limited edition digital designs (Source). - Adidas – Bought virtual real estate in The Sandbox metaverse to engage gamers and build branded experiences (Source). - Wendy’s – Launched a virtual restaurant in Horizon Worlds with food deliveries to avatars and conversations with Wendy’s characters (Source). These early brand activators provide models for thoughtful meta-verse worldbuilding that aligns to their respective brand purposes. The Future of Brands in the Metaverse While still nascent today, the metaverse promises to become a ubiquitous platform touching all parts of society in the future. Just as the internet reshaped business models, the metaverse will drive changes in consumer behavior and engagement. Brands that embrace the meta-verse early have an opportunity to shape its evolution and cement strong positioning before mass adoption. As virtual worlds become more immersive and interconnected, the gap between digital and physical brand experiences will narrow – they will simply become different facets of a holistic brand universe. The metaverse mandate for marketing leaders is clear: start testing and learning in virtual worlds now so you’re ready to fully engage the next generation of consumers in the decades to come. Brands that lag risk fading into irrelevance. The time to define your brand’s meta-verse strategy is now. Final Verdict: Prioritize Long-Term Vision Over Short-Term Hype While the metaverse holds exciting potential as the next evolution of digital experiences, some brands may still be tempted to write it off as mere hype. However, those who look past the buzzwords and fads can unlock real opportunities to forge deeper engagement with future generations of digital-native consumers. Leading brands are approaching the meta-verse as a long-term investment in their brand futures. By taking small steps today and building capabilities ahead of mass adoption, they are positioning themselves to flourish as virtual worlds become mainstream. However, the metaverse requires patience and commitment to see returns. Jumping in without clear objectives or half-hearted initiatives will yield little. Brands must filter hype from genuine possibilities and act decisively on the latter. With prudent strategy, brands who embrace the metaverse today will be ready to reap rewards in the decades ahead. Just as early adopters of past platforms like mobile and social media gained advantage, forward-thinking brands have much to gain by charting their meta-verse course now and optimizing along the journey. The virtual worlds of tomorrow beckon - it's time to answer the call. Read the full article
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Imagine living in a future where advertisements follow you on social media based on your expressed feelings rather than where you click.
Or a future in which the distinction between advertising and reality is blurred by personalized virtual billboards in the metaverse.
Global digital ad expenditure is expected to reach an astounding $829.32 billion by 2024, as reported by Statista. This indicates the industry’s enormous potential as well as its intense competitiveness.
Thus, how can you, as the astute expert in digital marketing, successfully negotiate this dynamic environment and guarantee your clients’ success? Don’t worry; this post will provide you with the necessary information and trends to conquer the future of digital advertising.
Accepting the Power of Customization:
Gone are the days of one-size-fits-all, generic advertisements. Personalized experiences are what customers want, and digital advertising is no different. According to McKinsey & Company, personalization can increase marketing ROI by 5-8 times, highlighting its vital role in the data-driven world of today. To better target your advertising campaigns, use customer data platforms (CDPs) to gain insight into the demographics, interests, and habits of your target audience. Recall that grabbing attention and encouraging conversions require relevancy.
The Rise of Automation and Artificial Intelligence:
Digital advertising is going to be shaped by the realities of artificial intelligence (AI), which is no longer science fiction. AI automates jobs, optimizes workflows, and enables large-scale personalization of experiences through chatbots, programmatic buying, dynamic creative optimization, and predictive analytics. Accept these developments to keep ahead of the competition, maximize campaign performance, and free up time for strategic thought.
Metaverse in digital marketing
The Metaverse Inviting Fasten your seatbelts, because the metaverse is about to completely transform the way we communicate with brands. Imagine dynamic billboards that react to your emotions, or immersive virtual experiences that make your clients’ products come to life. The Indian freelancer for digital marketing Nandan Bhutti puts it well when he says, “The metaverse presents a goldmine of opportunities for brands to connect with audiences on a deeper level and create truly unforgettable experiences.” You should familiarize yourself with the metaverse and its advertising potential if you want to help your clients stay ahead of the curve.
Innovation, data-driven insights, and a user-centered approach will always be at the forefront of digital advertising’s growing future. We are the story’s architects as experts in digital marketing, telling gripping tales that captivate readers and spur company expansion. Thus, maintain your curiosity, adopt new technologies, and never forget that the most fascinating tales are still to come. When will you write yours?
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Guest Post Article- Ace Blockchain Crypto Network
If you are curious about your future investment and developing the business area, Ace Network gives you an opportunity to embrace your talent and showcase the interest-earning tons of future contracts. This is a new resurgence project having an in-house community of professional developers, a team of experts and a user base. This platform makes it worth investing your time and efforts in.
The team is planning to deploy DApps and impressive blockchain applications that will be way far beyond what you might expect. That’s why we recommend beginners and pros alike. In order to adopt the prospects of blockchain, you need to jump into this project, promising the journey of success together.
Ace Network has acquired approaches from different pioneers, experts, and industrialists interested in future use cases of this domain that intends to initiate more transparency and fairness, increasing the overall business. Similar projects eventually make a great impact in a variety of sectors, starting from entertainment, finance, sports, banking, insurance, games, education, real estate, supply chain, logistics, etc.
Though the use cases vary from how these blockchain contracts are enforced to proceeding business work more prominently, following similar fundamentals, Ace Blockchain decided to create, design, and deploy some outstanding underlined decentralized applications after the launch of its independent blockchain platform.
Check out the details about this platform to never miss an opportunity in the future.
About Ace Blockchain Crypto Network
Ace Blockchain Crypto Network is a complete ecosystem operating on the essential Blockchain and crypto products that will be tokenized by ABCN coin. As the team at Ace Network is exploring the metaverse possibilities, you will see some exceptional use cases that are more decentralized, secure, and transparent deployed on this platform.
ABCN targets developers, investors, and business-focused traders to take on board, making the level ahead of the milestone to reach a community of 20 billion market caps, 100K asset holders, and take a hit of 1 ABCN worth $1000. Hence, you can get your hands on this fast, scalable, and POA-based blockchain platform.
Get hold of your breath as we will discuss some lined up the development of user-centred and market-oriented products.
Ace Blockchain Crypto Network Products
1. Blockchain Development
The ABC blockchain platform has been recently introduced with cutting-edge networks and smart contracts to operate efficiently using the Geth software’s Clique Proof of Authority consensus algorithm. This platform claims to offer the fastest transactions developing reliable prospects and considering the growth of ABCN tokens with lower energy consumption.
2. Web3 Products Development
This project also targets the potential of web3 protocols to release some good solutions that will work on the ABCN native asset for you to simply trade and play safe for future investment. You can also explore the various metaverse panel like:
o NFT Marketplace- This application will portray never seen NFT collections, such as Lands, Avatars and not only the collections, but also, you can use its NFT Launchpad to find some hot and trending projects, NFT real estate, along with other NFT Multi-chain smart contracts to maintain the portfolio.
o Decentralized Chat and Games- This is a DApp under progress developed with the majority needs that decentralized messaging should offer to common users using the app, neglecting the possibilities of network failure. This will be your safe place to carry on the private conversation. Not only a decentralized chat, but you can also use the gaming platform housing explorative games to simultaneously play and earn ABCN coins.
o Browsers and Explorer- This will be a dedicated explorer deployed for the anticipation of ABCN coins similar to what you see in Ether scan or BSC scan, where you can simply monitor almost all the transactions of ABCN coins as well as contracts.
3. Wallets and Exchange
Using the ACE Network, the team is readily planning to deploy and release some provident DeFi applications incorporating multiple areas of interest. Looking at the hype and highly engaged decentralized financing industry that recently crossed the highlight of $15 billion. Hence, the team at Ace decided to create Decentralized exchange, crowdfunding, yield farming, crypto wallet and smart contract audit services for you to easily explore, embrace and train yourself to create some DApps of your own on ABC blockchain.
So, are you excited to check the tabs more on this project? If yes, you can go through more information right here: https://abcn.io/.
Telegram: https://t.me/abcnetworkchat
Twitter: https://twitter.com/ABCNnetwork
Medium: https://medium.com/@abcnnetwork
Discord: https://discord.com/invite/BG4TGhcb8A
Reddit: https://www.reddit.com/user/ABCNnetwork
#ABCN#abcnetwork#technology#network#Staking#Passiveincome#blockchain#developer#ABC20#ABCNtoken#web3#Dapp#ace blockchain#Crypto Network
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Metaverse Gains International Support
The EU has set plans for the Metaverse – by 2030 the predicted capitalization of the industry should exceed €800 billion. The green light will be given to the projects running on Web 4.0. The Commission will do everything possible to ensure that the leadership in this area remains with the European Union.
On July 11, the EU finally released plans for the Metaverse. According to Commissioner Thierry Breton:
“So far there are no laws but there is a desire to master the technology that should turn the idea of the real and virtual world. Today we have taken the first step to become a leader in the Metaverse."
In the spring at a meeting the heads of the European Union states discussed the technologies that need to be implemented at the highest level. Among other things it was proposed to intensify the work on the integration of the "sixth generation" Internet networks, artificial intelligence and Web 4.0.
In response to it Meta Force has updated the roadmap which shows one interesting point.
“In the third quarter of 2023 we expect the launch of Metaverse. Of course, this will happen as soon as we open our own marketplace and set up Swap. Do you want to know what we are doing at this stage? Now the processes are being debugged since fixes are an integral part of the huge platform’s work,” in this way Alexandro Nenni, one of the Meta Force developers commented the current events.
One may want to respond to all skeptics that the future has already arrived. Once upon a time they also laughed at the Internet and suddenly modern business has moved online. If we do not act together now, we will fall far behind fashion trends.
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𝓡𝓮𝓽𝓪𝓲𝓵 𝓣𝓻𝓮𝓷𝓭𝓼 𝓪𝓷𝓭 𝓟𝓻𝓮𝓭𝓲𝓬𝓽𝓲𝓸𝓷𝓼 2023
What’s the future of retail? How will consumer behaviours change in 2023? What should merchants do to stay ahead?
These are all important questions, and while we don’t have a crystal ball that can tell us exactly what the future holds for retailers, we can look at the top industry trends to get a glimpse of what may lie ahead.
Three years ago, machine learning and AI were used to automate 25% of all consumer interactions. This figure is projected to increase to 40% by 2023.
Customers have been demonstrated to respond favourably to personalisation throughout the whole customer experience, from sales promotional and post-sale assistance to marketing and sales where email and ecommerce portals will offer up personalised recommendations. Businesses that effectively respond to this trend in 2023 will be able to use the wealth of data points already at their disposal to produce goods and services that stand out as “special” or are especially suited to each customer. In order to give consumers the impression that they are built just for them and not simply for those who are similar to them, they will establish personalised touch points along the customer journey. Profiting from this trend requires technological application that enables “personalisation at scale.”
As more and more customers search for a retailer that provides excellent service in a hassle-free, effective, reliable, and memorable way, this explains why the idea of the metaverse—immersive, interactive, digital spaces where users may work, play, and even shop—is generating so much enthusiasm. Retailers have already embraced the metaverse with enthusiasm as a new and interesting channel through which they can communicate with and conduct business with customers, despite the fact that no one is entirely sure what form it will ultimately take. The top retail trends for 2023, according to a poll of 101 professionals in the retail sector, will be AR/VR shopping (12.2%), the omnichannel experience (8.4%), and social media (7.6%), with mobile sales making up 73% of all ecommerce sales by that time. Retailers should surely take advantage of this trend as social media is predicted to produce $26.04 billion in sales in 2023 or 20% of all global retail ecommerce sales.
According to research conducted by Shopify, 39% of brands believe that production and delivery delays as well as shipping prices would remain the top supply chain-related challenges over the coming year.
Today’s customers are spoiled for choice and have thousands of brands and retailers to choose from for any product. This in turn has heightened their expectations from retailers and offering a good product alone is no longer enough to convert these evolved shoppers or make them your loyal customers. From seamless checkouts, price matching, and highly engaging content to timely delivery and returns, and personalized experiences – customers expect seamless, hassle-free, and customized experiences across every channel.
To offer these elevated experiences is no easy feat. Retailers need to monitor customer data, analyze market and shopper trends, optimize prices based on competitor price movements, rank high on digital shelves, streamline delivery and fulfillment, and manage a host of other factors to reel in customers and retain them – and this is where AI and automation come into the picture.
As stores use social media to build community and interest in their brand, 2023 will see a continued drive in sales through these platforms. Beyond the basic advertising a company can do for their store, brands can livestream their products, partner with influencers who promote their merchandise, and generate shoppable advertising. Cue social commerce, the ability for a full shopping experience to take place entirely on social media apps.
Without technology and innovation, retailers won’t last long in 2023. Technology is the backbone of the new retail landscape and the pandemic has proved it.
The 2023 retail trends and predictions show how much consumer behavior is evolving rapidly. Innovation, flexibility, and close attention to shopper expectations are the only way for retailers to sustain and thrive in 2023 after an arduous pandemic-riddled era. This is possible with the help of smart, intuitive AI and retail-tech solutions and a consumer-centric, digital-first retail strategy that aligns with your goals while future-proofing your business.
Future-proofing your company is not easy, yet if retailers stay agile, prepare using data and constantly make efforts to leverage technology, then they can ensure that they are ahead of the game, and their competitors. Retailers have proven they can adapt in the past and they must continue to do so in the future.
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Digital Marketing Trends to lookout for in 2023
Looking for some fresh and top digital marketing trends for the New Year? Well you have arrived at the right place because just like you we also feel that as we will pretty soon move into new calendar year it's pretty much a necessity to know about what the top digital marketing trends in 2023 can possibly be, and we are here to provide you the information that you seek.
The marketing trends along with time have been seen evolving and just like apes turned into humans with the passage of time the trends in marketing have also evolved. Going way back in time marketing and commercials were done via radios, than after a certain period of time the focus of advertisements and marketing shifted from radios to commercials as televisions started to become a trend in themselves. Soon new types of TV came and after a certain period of time with the undisputed rise of the Internet the mode of advertisement and marketing saw yet again shift of thrones and this time the throne shifted from television to the field of digital marketing, because the field of digital marketing provides companies with the opportunity to reach out to global audience and make their presence not just in domestic but also in global and market.
As we all know, let's say most of all know that digital marketing and the strategies related to it are known for their ever evolving nature, which at times leave the marketer clueless. Only if the term time-travel was somehow possible or if any marketers had a doraemon of their own along with his time machine then maybe not just marketers but normal civilians could have easily known what would trend at what time frame. But since we are still in 2022 and not in 2050 where digital marketing has become a trend even on Mars and time travel has become possible let's for now restrict ourselves to a term we all very well and truly know and use it on a daily basis and that's prediction. So without a further ado, fasten your seat belts take some deep breaths as we are about to take a look into future and predict some of the top digital marketing trends that you should lookout for in the forthcoming year 2023.
Top Digital Marketing Trends to lookout for in 2023.
Now since we know the worth and value and significance of the digital marketing trends and also the kind of positive impact they can have or have on our business, without taking more of your time we present you with top digital marketing trends that you should possibly and surely lookout for in 2023.
Voice Search :
How many times in a day is that we say "Ok Google" or speak what we want to search in our mobile phones browser? A lot of times don't we? Now don't be shy let's just agree to disagree that we a lot of times search via voice search as it feels comforting not just to us but to our fingers too and that is one of the biggest reasons which makes this feature of voice search a top digital marketing trend that you should lookout for in 2023.
Metaverse :
The term and the also the virtual world that's currently owned by the Meta also known as the Facebook company is basically like an digital universe that's yet to be discovered properly by us normal human beings. The metaverse is known to create a digital environment where virtual realities can contact with one another to create an environment that boosts activity of an individual.
Automated email marketing :
Sometimes the name speaks for itself and about this trend the name itself guides you about what kind of work can be expected from this trend. You see basically email marketing in itself involves sending males to customers on a regular basis. Also email marketing is known to be a great way by which we can communicate with our customers about our company and the revenue that it is able to generate. And as far as digital marketing is concerned, emails and email marketing has always been one of the most trusted ways not just to communicate but also to do digital marketing.
These are three of the top digital marketing trends amongst many others that are belived to cause most impact in the upcoming year of 2023.
Some of the other trends that can create impact or you should be looking out in 2023 are as follows :
NFT's.
Cryptocurrency.
Social commerce.
Programmatic advertising.
AI in Marketing.
Digital marketing trends are not belived to help normal products to go from good to great with the process of advertisement, proper marketing, and good quality of customer experience. And just as we are about to make the shift from 2022 all the way to 2023 in less than a month we believe that its essential for our valued audience to know about some of these trends so that our aid once while residing in the present can be ready for tomorrow.
All in all, it's pretty simple and its pretty straightforward and it is that the field of digital marketing is not just vast, but is also open for everyone that shows interest and has a will to learn and grow with the field of digital marketing. And if you're someone who wants to grow in the field of digital marketing or want to grow their business with digital marketing than there is no other place that's better than Nspiresoft.
To know more about us you can connect with us at https://www.nspiresoft.com/.
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Tethereum (T99) At Future Blockchain Summit 2022
Dubai, United Arab Emirates Oct 10, 2022 (Issuewire.com) - Future Blockchain Summit (FBS), the MENA region’s first and largest blockchain conference and exhibition, will return to Dubai World Trade Centre (DWTC) from 10–13 Oct 2022, serving as a meeting point for the world’s most disruptive business technology trends. Over the four days of FBS, industry experts will take advantage of networking opportunities, expert meeting programs, and transformation workshops to explore different topics, including alliance chains; enterprise chains; the future of digital assets, and access to Metaverse. The TETHEREUM team is ready for exciting interactions at Booth Z4-L59.
Coinstore.com X TETHEREUM Speech Details
Date: 10 October 14:00–14:15, 2022 (GMT+4)
Topic: Crypto Hack — A Modern-Day Bank Robbery
Speaker: James Toh, Global Head of Business Development
Location: Zabeel Hall 4, The Exchange
Additionally, TETHEREUM’s Official Exchange CoinStore will be hosting an afterparty at Creek Heights, Aryaam Ballroom, located at the Hyatt Regency, Dubai. Investors will be able to find co-investors, and meet the best start-ups, all while enjoying exquisite drinks and a buffet. The total number of attendees is expected to be around 100. Coinstore.com representatives James Toh, Head of Business Development of Coinstore.com, will give a brief speech as planned.
Food Afterparty Details:
Date: 14 October 2022
Time: 18:00 (GMT+4)/22:00 (GMT+8)
Location: Creek Heights, Aryaam Ballroom @Hyatt Regency, Dubai
The afterparty is invitation-only, we do regret not being able to meet everyone in our community. However, we have set up a booth at the FBS site, so all burning questions will still be answered by the Official Exchange Coinstore.com team at booth Z4-L59.
TETHEREUM Contact
Do follow the Tethereum Twitter highlights to know what to expect at the Afterparty.
To follow up on the conversation and enhance your engagement with us and our participants, please join the Telegram Group.
To know more about Tethereum you should visit their website www.tethereum.exchange and www.tethereum.net.
Tethereum’s contract address is 0xe9A5C635c51002Fa5f377F956A8CE58573D63d91.
Media Contact
Kiyoshi Nakamoto [email protected] http://www.tethereum.exchange
#Tethereum#Future Blockchain Summit#Dubai#dubailife#cryptocurrency#cryptonews#binance#blockchain#crypto#cryptocurrencies#bitcoin#exchange#uae#sharjah#tethereumexchange#Exchange
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A nation unprepared for new technologies
Singapore bounces back to the seventh position. China reaches the 11th position in 2022. Canada (15th) returns to the top 15 for the first time since 2016, and… Australia doesn’t really get much of a mention in the whole GII report. We need to improve our innovation strategy, says Catriona Wallace. So, now let’s examine the following GII key innovation trends and see if this suggests any key activities Australia needs to take heed of: Innovation powered in 2020 to 2021 on the back of the pandemic. However, 2022 has seen a contraction and weakening. China, Turkey and India are growing their innovation capabilities and positioning as powerhouses of innovation. Innovation progress in the fields of semiconductor speeds, electric battery prices, renewable energy and drug approvals show a significant slowdown from long-term trends. In contrast to the impressive quarterly year-on-year growth seen in VC deals between Q1 2020 and Q1 2021 (+47.4 per cent), growth in the first quarter of 2022 was notably less strong with +13.2 per cent in Q1 2021. And for this big next big trend, the GII states: ″Largely due to the short-term influences of the COVID-19 pandemic, the socio-economic impact of innovation seems to be at a low point, with labour productivity and life expectancy experiencing a significant slowdown if not coming to a complete standstill, and in the case of carbon dioxide emissions, failing to show ongoing reductions in pollution.” Crikey – this sounds a bit worrying. So, clearly, the world is challenged by a slowdown in innovation and productivity. However, some countries are stepping up to the challenge and others, possibly Australia, are not. A significant issue for Australia has been the lack of investment in non-mining activities. Yes, we are still very focused on digging stuff out of the ground and selling it. Now, apart from this being hideous for the environment and often for our First Nation’s people, it also suggests structural challenges with policy and the investment landscape. Especially when it comes to Australia’s level of investment into emerging tech – the field I work in. One of the key topics I have been speaking at length with NSW State Minister Victor Dominello and also Federal Minister Ed Husic is the need for Australia to step up very quickly into policy, strategy, and investment into Web3 and metaverse related technologies. The challenge that Australia has is that we are not progressing in our innovation capability and now we are staring down the barrel of whole new worlds in Web3 and the metaverse and we are absolutely not ready. My call to action is this: Australia needs to improve its innovation capability and performance, not only to maintain our standard of living and productivity, but also to protect it from the coming of new business models that Web3 and the metaverse will bring. These are about three to five years away from truly being mainstream so the time is now to invest in and innovate into these emerging technologies. Let’s try and build a future Australian economy that is services-based and tech friendly – rather than being strongly mining and manufacturing oriented. And let’s see what the Labour government’s $1bn tech fund can actually do, as it is certainly a vast improvement on the previous government’s technology illiteracy – and I quote ex-Prime Minister Morrison, “… we are not a country of tech heads”. We should be. Dr Catriona Wallace is the founder of Responsible Metaverse Alliance. Source link Originally published at Melbourne News Vine
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How Web 3.0 Will Impact Digital Marketing?
How Web 3.0 Will Impact Digital Marketing?
Web 3.0 isn’t just another fad or buzzword; it’s the next version of the internet, one that harnesses the power of decentralization and blockchain technology to guide in an era of digital marketing that’s more secure, more efficient, and more transparent than anything we’ve ever seen before. If you aren’t already keeping tabs on this new movement, now’s the time to start!
Why Marketers Should be Excited?
1. The rise of Web 3.0 is going to change the way we web3 technology think about digital marketing forever.
2. With the advent of new technologies, marketers will have more ways to reach their target audiences than ever before.
3. Web 3.0 will make it easier for marketers to track and measure their campaigns, making them more effective and efficient.
4. It also means that in order to succeed in today’s market, marketers need to be prepared to offer customers a personalized experience across all channels.
5. Marketers should be excited because this level of personalization will create the ideal customer experience that leads to increased conversions and higher return on investment (ROI).
6. Being able to maintain control over one’s brand while embracing digital marketing trends will give brands an edge over competitors who are reluctant to change with the times.
7. Marketing no longer stops at creating awareness or driving traffic; instead, it now includes an understanding of how technology can positively impact consumers throughout every step of their journey.
8. In short, Web 3.0 is here—and its impact on digital marketing will be profound and transformational! Marketing has evolved from simply getting your brand in front of people to leveraging powerful digital marketing techniques like augmented reality, gamification, artificial intelligence, content marketing, and search engine optimization (SEO) to help you do more than just get your brand noticed. Instead web3 development, these methods can be used to understand exactly what your audience wants and needs by tapping into the valuable data they produce as they interact with various social media sites.
What the Future Looks Like
The Metaverse, or Web 3.0, is the next stage of the internet where users will be able to interact with each other in a virtual space. This will have a huge impact on digital marketing, as businesses will need to find new ways to reach and engage their customers. Branding will become even more important, as companies strive to create an immersive and engaging experience for their customers. Web 3.0 has the potential to change digital marketing forever - and we can't wait to see what the future holds!
A Look at Current AdTech Trends
It's no secret that adtech is in a state of flux. With the rise of Web 3.0, we're seeing a shift in how brands are marketing web3 development agency themselves and how customers are interacting with brands. This is only the beginning – soon, we'll see even more changes as the metaverse becomes more integrated into our lives.
How Blockchain Can Improve Business Processes
The internet as we know it is evolving. We are moving from Web 2.0 to Web 3.0, and this shift will have a profound impact on digital marketing. With Web 3.0, the metaverse will become a reality. This means that businesses will need to rethink web3 platforms their branding and marketing strategies to stay ahead of the curve. Blockchain technology will play a big role in this new landscape, providing a way to streamline business processes and improve transparency.
Why Marketers Should Learn About Smart Contracts
The metaverse is the next evolution of the internet, and smart contracts will be a big part of that. For digital marketers, that means it's time to start learning about how smart contracts can be used in marketing. From programmatic advertising to lead generation, there are a lot of potential uses for smart contracts in marketing. And with the rise of Web 3.0, we can expect even more changes in the digital marketing landscape. So if you want to stay ahead of the curve, start learning about smart contracts now! They have the potential to change digital marketing as we know it. Some experts think they could potentially eliminate middlemen from the marketing process entirely. We’ll see what happens in the coming years but at this point, smart contracts seem like an inevitability for digital marketers to learn about and explore sooner rather than later.
Where Marketers can Start Learning About Blockchain Technology
Marketers need to start paying attention to blockchain technology and how it can be used for branding and digital marketing purposes. While it may seem like a complex topic, there are plenty of resources available that can help marketers get up to speed quickly. Blockchain provides a secure, decentralized way to store data and track transactions, which could have a big impact on digital marketing campaigns going forward. Marketers should start exploring how they can use blockchain technology to improve their workflows and better serve their customers.
#digitalmarketing #marketing #socialmediamarketing #socialmedia #business #web3.0 #metaverse #nft #crypto #nfts #branding #marketingdigital #entrepreneur
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Brand events and experiences in 2022 will be impacted by the following trends.
Consumers demand in-person encounters, therefore companies are increasing their investment in experiential marketing.
81 percent of firms think their brand events and experience budgets will "equal or exceed" pre-pandemic levels in 2022, according to AnyRoad.
Is the experience strategy the same post-pandemic?
Here's a look at how firms are luring employees in the real world, as well as some industry trends.
In the metaverse, hybrid experiences
During the last two years, the emphasis on "live experiences" has given way to virtual and hybrid experiences, which integrate real-life social contact with digital aspects.
Simultaneously, the metaverse,' or at least a more fleshed-out idea of a new immersive digital world where these interactions take place, has emerged.
This might open the door to new brand experiences, with the fashion sector, in particular, taking advantage of the opportunity.
The forthcoming Metaverse Fashion Week, which will feature virtual fashion presentations, virtual after-parties, and other immersive events from big companies like Hugo Boss, is proof of this (such as live music performances).
Virtual guests will be able to buy the digital wearables shown on the catwalk, as well as real-life designs and NFTs, during the event, which will be hosted by the metaverse platform Decentraland.
The virtual fashion week is a method for firms to test the waters before investing in the metaverse, with names like Gucci already offering digital products (and pique consumer interest digitally).
With the barriers between the online and real worlds blurring, we should expect to see more firms adopt a hybrid approach to experiential marketing in the future.
Experiences that are paid for and result in good involvement
Brands are profiting from the so-called "experience economy" in more ways than one, thanks to customers' need for in-person events.
While the primary goal of experiential and events marketing is to increase brand awareness and memory, businesses are increasingly making a direct income via paid experiences.
One such example is Hasbro's 'Monopoly Lifesized,' a live-action experience that blends aspects of the Monopoly board game with escape rooms and challenges.
"For us, Monopoly Lifesized signals a huge entry into a growing and interesting business," David Hutchinson, CEO of the Game path, said of the debut.
Audiences want to experience live entertainment in new ways, and what better way to do it than by stepping into a life-sized recreation of the world's most popular board game?"
The 22,000 square foot location (placed in the former Paperchase on London's Tottenham Court Road) also features a Hasbro retail store and a Monopoly-themed bar and restaurant named Top Hat, a fantastic illustration of retail space transformation in the last two years.
Is this form of for-hire experience, on the other hand, an economically viable business or simply another strategic type of experiential marketing?
Pay-for events, according to studies, can have a beneficial impact on customer impression and engagement since they are ticketed.
Paid experiences had double the rate of brand and product mentions than free experiences, according to a study conducted by creative firm Imagination, which looked at 40 paid-for events and 30,000 data points.
Furthermore, the survey discovered that 17 percent of paid-for experience interactions were recommendations, compared to only 1% for free events.
Overall, the study discovered that sponsored experiences result in better levels of engagement, higher quality leads, more customer value, and bring customers closer to the product (driving more mentions of a brand or product).
This is because paying for an event "shifts individuals into a different mindset - they have invested in the experience and are more eager and receptive to interact, be entertained, and learn something new," according to the study.
Use of social media IRL
Social media continues to have an impact on purchasing decisions.
According to Bazaarvoice's data from 2021, 23% of UK customers use social media to discover and buy new items.
At the same time, 40% of customers say they won't buy something if there isn't user-generated material on the brand or retailer's product page, underscoring the importance of social content in e-commerce.
This also highlights how linked the social and retail worlds have grown, leading to an increase in the number of social platform-retailer relationships.
Of course, these are primarily done online, but corporations are increasingly collaborating with social media firms on experiential marketing.
Argos, for example, has teamed with Pinterest to produce "The Argos Mood Hotel," a "world-first concept hotel crafted using interior design goods from the high street company, based on the hottest interiors ideas coming from Pinterest's yearly trends report."
The hotel can be visited in person, but it can also be digitally experienced through 360-degree video and shoppable digital forms, which can be found on Pinterest and Argos' social media sites.
Sibylle Tretera, Pinterest's Head of Creative Strategy, spoke about the relationship and how the brand experience strives to turn passive social surfers into active customers.
"Argos' innovative methodology investigates how people use the platform and brings to life the very trends they're looking for, making it simple for home décor aficionados to put their creative ideas into action," says the company.
she stated
Indeed, the theory is that by offering buyers a physical replica of an online mood board, they would be more inclined to buy – and continue to use Pinterest as a source of product discovery.
TikTok, another social media company that has gone offline, made an 'IRL' debut last year with its TikTok For You House, an experience pop-up at the Westfield London retail mall.
The TikTok experience, which was designed in a house-style structure, allowed guests to engage with and learn from prominent TikTok producers while re-creating viral meals in the kitchen and showing fashion in the dressing room.
While there was no buying involved, the experience was intended to increase foot traffic to Westfield during the flu epidemic, as well as allow TikTok to connect with existing users and recruit new ones to the site.
OOH has never been more engaging.
With huge, bold, and dramatic creative, out-of-home advertising is meant to halt people in their tracks.
However, in a world where customers are constantly flooded with information, it may be tough to break through the clutter and capture their attention.
As a result, more firms are adopting experiential methods in their out-of-home advertising, mixing immersive features with intelligent marketing to produce engagement and memorable encounters.
Bombay Sapphire took over three window displays in New York's Soho neighborhood in December 2021, utilizing them to feature holiday-themed apparel, art, and live dance performances.
Additionally, each window had a QR code that allowed passers-by to claim a free drink at a nearby participating restaurant, guaranteeing that people who interacted with the billboard were pleasantly surprised and rewarded, and, most importantly, had a memorable experience.
Conclusion
Brands can use 3D billboards to promote comparable engagement, making otherwise mundane or unremarkable events more memorable.
Balenciaga, for example, partnered with Fornite to construct immersive 3D billboards in London, New York, Tokyo, and Seoul last year.
Contact nummero right away for the greatest internet marketing services. We are the best digital marketing company in Bangalore.
#Brand events and experiences in 2022 will be impacted by the following trends.#Digital Marketing Strategy#digital marketing agency
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New Post has been published on https://primorcoin.com/interview-with-ceo-shahaf-bar-geffen/
Interview with CEO Shahaf Bar-Geffen
Shahaf Bar-Geffen is the CEO and founder of COTI Network, a blockchain-based payments network.
Bar-Geffen has a rich background in the tech field, and, believe it or not, back in 2016, he sold a media company by the name of Web3 to Mccan Erickson Group (IPG). He also founded a company called Positive Mobile – one of the first venues to advertise on smartphones and a company that was also acquired later on.
His crypto passion started in 2015 and became even more serious when he founded COTI in 2018. Since then, COTI had become a noteworthy player in the field.
In this exciting episode, we chat about what is COTI, its close relationship with Cardano, the CVI – which is the crypto version of the famous VIX, and of course the market sentiment and the recent trends – NFTs and the metaverse.
What is COTI? The 2022 Edition
First things first, COTI is a layer-1 protocol that has its own native chain. It’s optimized to do payments – more precisely, consumer-merchant payments.
“This means that we’ve built everything from the grounds up to specifically solve the issues around payments.” – According to Bar-geffen.
Talking about the issues that COTI stands to solve, the world’s underbanked population came to rise, and he argued that the currently existing system is just not cut to handle issues of this kind. Centralization, expensive transactions, lack of transparency – these are all just some of the challenges that COTI tackles, in the words of Bar-Geffen. He also explained some of the technical differences between COTI Network and other layer one protocols such as Ethereum.
Beyond all the features that he explained, we also touched on COTI’s recently launched Treasury, which is an algorithmic and decentralized pool where users can deposit their COTI and be rewarded for their participation.
Shahaf Bar-Geffen, COTI’s CEO.
The pool will grow over time because the entire ecosystem pays fees to Treasury – directly or indirectly. When someone stakes COTI, they are entitled to a share of the growing Treasury, providing yet another use case and merit for long-term holders of the cryptocurrency.
Another product by COTI’s team is the CVI, which stands for the Crypto Volatility Index. According to Bar-Geffen, the CVI tokens can be leveraged to hedge against one of DeFi’s most dreadful sinkholes – impermanent loss.
Cardano and Coti: Love Story
To those who are unaware, Cardano is getting ready to release the DJED algorithmic stablecoin, and COTI Network will be the official issuer. Bar-Geffen revealed some interesting details surrounding DJED and Coti’s involvement.
“DJED has already signed partnerships with more than 10 decentralized exchanges, among the top 10 on Cardano. We believe that DJED will be for the Cardano ecosystem what USDC is for the Ethereum DeFi, meaning the token that everybody uses to build their trading pairs with.”
We also talked about whether or not he feels the future will be multi-chain, and that’s exactly what Bar-Geffen expects. However, he also said that nobody should fade Cardano because they are doing some great work.
Tight relationship. Charles Hoskinson and Shahaf Bar-Geffen
“Some people like to make fun of Cardano and these people will be very wrong. This is because Cardano is very strong in engineering – there are hundreds of engineers working there. They’ve published more academic papers than everyone else. […] I also like to remind people that Charles Hoskinson is a co-founder of Ethereum.”
He also argued that the easiest thing for Cardano would have been to build “yet another Ethereum knock-off.” They decided against it, and when “they actually release things, they are really good.” Shahaf also believes that the ecosystem of Cardano will be “super strong.”
NFTs As an Integral Part of the Metaverse
The podcast wouldn’t have been so interesting if we didn’t talk about non-fungible tokens, the metaverse, and blockchain-based gaming.
Speaking of the recent crypto trends, we also chatted about Vitalik Buterin’s inspiration to build Ethereum, part of which was the popular story of how his World of Warcraft character got nerfed, and he decided that it’s an unacceptable show of centralization.
COTI’s CEO is a proponent of play-to-earn, and he believes that this is one of the best use cases for blockchain-based technologies. He also thinks that non-fungible tokens will play an integral role in the metaverse.
$30K Before $100K
It’s worth noting that Bar-Geffen is also a partner in a company called Frequence that provides technology for algorithmic trading.
At the time when the podcast was recorded, he shared that he and the algorithm weren’t very optimistic on BTC’s short-term future and even expect Bitcoin to retest $30K before reaching the $100K milestone that will be in the next few years. Amongst all the insights he shared, the expert also revealed that they are very bullish on Bitcoin and the entire ecosystem in the long term.
To learn about where COTI’s CEO thinks the industry is headed, make sure to watch the entire podcast.
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The 7 Biggest Artificial Intelligence (AI) Trends In 2022
During the past several years, we've witnessed a huge increase in the use of artificial intelligence in business planning across the board. Machine Learning and Artificial Intelligence, as well as the pandemic crisis, have already accelerated the digital transformation process, which will reach new heights in the year 2022 and beyond.
Sundar Pichai, CEO of Google Inc., firmly asserts that artificial intelligence would have a far larger influence on civilization than fire and electricity. Even though it seems a bit hyperbolic, what it really means is that by the year 2022, significant breakthroughs will have taken place in this field, leading to the establishment of new standards for comparison. Even we at DesignLab, as the top web development firm, can vouch for this.
The 7 Biggest Artificial Intelligence (AI) Trends In 2022
In the year 2022, artificial intelligence will have a significant influence on the following seven fields.
Workforce augmentation
Machines or robots may one day replace human labour and perhaps make certain jobs outdated or useless. This is a rising danger. Even if it isn't true, and we're fully aware of it, using robots to crunch data and relying on AI for data interpretation and extraction makes it even more important for human labour to operate in tandem with such technologies.
It will motivate workers to improve their abilities and adopt a more analytical mindset. Some functions, such as marketing, are already employing intelligence to determine which leads should be pursued and which ones should be dropped, as can be shown by looking at their work.
Artificial intelligence is used in engineering teams to discover preventative maintenance, therefore correcting a problem with a machine even before it happens. This suggests that clever AI-driven technologies will be available for people in any industry, allowing them to work more effectively.
Intuitive linguistics
Language modelling is another field that has seen a substantial increase in the use of machines. Human-machine communication is achieved by utilizing a language that both parties can comprehend. We're also investigating the possibility of turning human languages into computer codes that can be used to run programs.
GPT-3, an application from Open AI, is an excellent illustration of this. One hundred seventy-five billion parameters – variables and data points – are supposed to make it the most sophisticated language model ever devised. Open AI is rumoured to be working on a significantly more advanced successor to GPT-3, which will be dubbed GPT-4. Since GPT-4 is expected to have a parameter count of roughly 100 trillion, it will have 500 times the power of GPT-3.
Applied Artificial Intelligence (AI) in Cybersecurity
Cybercrime and cyber-attacks are on the rise, despite the fact that the World Economic Forum has designated them essential. Cybercrime continues to be an issue as more and more machines are involved in every aspect of our daily life.
The reasoning is straightforward: as you add more devices to your network, the greater the chance that an attacker will be able to compromise your system and steal your data. We can also notice that networks are becoming more and more complicated on a daily basis. Artificial intelligence has a lot of potential in this area.
Smart algorithms may be used by AI to detect trends and anomalies in network traffic and flag questionable activity. The field of cybersecurity will see a significant amount of AI growth in the near future.
Artificial Intelligence (AI) and the Metaverse
The word "metaverse" was invented to describe an environment, a digital environment in particular, where different people may work and play together. Like the internet, it's a virtual world, but this one is built by people for other users. Thus it offers incredible experiences.
Since Mark Zuckerberg announced that he was working on a project that would combine virtual technology with his social media platform, Facebook, there has been a lot of talk in this area. Artificial Intelligence will undoubtedly play a significant role in the metaverse, but this is not explicitly stated.
Create places that you can be a part of and give you a sense of home. This will enhance your creative side. Eventually, people and AI robots will work together in these spaces to complete a variety of tasks and activities.
AI that does not require any programming at all.
The lack of AI experts who can create the necessary tools and algorithms is one of the greatest difficulties enterprises face today. This difficulty may be solved by offering simple and intuitive interfaces, which can theoretically be utilized to develop complicated systems based on Artificial Intelligence.
No-code tools for online design allow users to simply drag and drop modules and features into a page, resulting in a finished website in seconds. Similar to this, no-code AI solutions can assist in the development of intelligent applications by merging and injecting data into pre-created modules.
The technologies of Natural Language Processing (NLP) and Language Modelling (LM) may be utilized to provide voice-based instructions for a variety of jobs.
Autonomous cars controlled by artificial intelligence
Cars, planes, and boats are all examples of systems where AI will act as the system's "brain." This will empower travel businesses to provide customers with outstanding experiences. AI-driven automobiles like Tesla offer a breathtaking driving experience.
Additionally, the AI engine included inside the vehicle helps to avoid collisions by anticipating potential hazards ahead of time. Every year, almost 1.3 million people lose their lives in car accidents. AI can play a vital role in preventing this from happening, given these sobering numbers.
Tesla has confirmed that its vehicles will be self-driving by 2022, and this has been confirmed by the company. In 2022, there is a slim chance that it will be commercially accessible. IBM's Mayflower Autonomous Ship (MAS), which is due to be launched in the near future, features an artificial intelligence component that we expect to be used in ships.
Artificial intelligence as a tool for creative problem-solving.
Using artificial intelligence to generate music, video games are nothing new to any of us. Models like Google's Brain and GPT-4 are predicted to transform AI in creativity and redefine new limits, allowing us to better understand the possibilities.
When it comes to everyday jobs like writing headlines and designing logos, we'll soon see the use of artificial intelligence. Despite the fact that creativity is a human trait, we're seeing more and more examples of robots taking on these duties.
While we know what AI is capable of and how individuals may utilize its potential, there is always a debate as to whether AI is necessary for any given situation or work. I'm not sure that's something we can consider at this point, given how pervasive AI is in our daily lives.
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