Tokengated commerce is e-commerce extended for Web3. It means using crypto wallets to identify loyal fans, (importantly) it involves reaching your community where they hang out, and it means extending Web2 e-commerce infrastructure into new Web3 areas. Here are five important considerations you may not realize if you're coming at this from Web3 to Web2.
Jun 23, 2022
The volatility is gut-wrenching, but the long-term disruptive outlook for DeFi has never been brighter.
Mulitchain / Shopify
CoinDesk is reporting that Instagram is piloting NFT integration for users to showcase their NFT art. I don't find NFTs as art interesting. And that's not to say anything negative. It's simply my personal interest. I've always been interested in integration and the business application of technology. I'm an observer and a storyteller.
DeFi is short for “Decentralized Finance”, an umbrella term for a variety of financial applications in cryptocurrency and Blockchain, geared toward disrupting financial intermediaries. DeFi aims to reconstruct and reimagine financial services on the foundations of DLT “Distributed Ledger Technology”, Blockchain, digital assets, cryptocurrencies and smart contracts.
DeFi “Decentralized Finance” refers to a new generation of financial applications disrupting the market using cryptocurrencies. DeFi is built on blockchain, allowing participants on a network to immutably share data and the transaction history using a distributed ledger, meaning it isn’t controlled by a central source.
In today’s digital economy, superior operating models can only be achieved by optimally aligning innovative technology infrastructures with overarching business goals. Organizations are therefore in a perpetual search to simplify complex business processes with innovative technology and gain competitive advantage and flexibility.
I can’t believe it’s been 10 years since I wrote, blogged and presented the concept of Collaboration-Enabled Business Applications (see an example here).