The 11th of November, NFT Steeza bi-weekly Twitter space hosted by Alyssa Expósito and Ray Salmond, sat down with Thomas Webb, the founder of the Worldwide Webb interoperable avatar game, to discuss integrating interoperability into Web3 and the Metaverse.
By definition, interoperability is a feature of Web3 whereby a product or system can work seamlessly across multiple platforms with other products or services. Webb defines interoperability simply as “the creation of a token – a non-fungible token (NFT)” since, at its most basic level, no one can control it except the creator.
But how does interoperability currently work in Web3, and what is its potential impact?
Run interop the “right” way
Discussing how interoperable applications can create profound impact, Webb described the creativity he has seen from NFT communities and brands.
Whether it’s “creating a product, creating ideas, or creating experiences,” Webb believes that enabling the creation of intellectual property (IP) allows users to display their loyalty and, in other ways, success.
Interoperability also appears to work in tandem with token experiments, according to Webb. Essentially, users can get closer to authentic experiences by using the token they hold as a pass to attend events and receive benefits.
This integration allows brands to collaborate with each other, reach their users, and create a proliferation of value or, as Webb puts it, “infinite value.”
Related: NFT Steez and Lukso Co-Founder Explore Implications of Digital Self-Sovereignty in Web3
Applications of interoperability between sectors
“Interoperability could be the backbone of everything,” Webb said when asked about areas where interoperability could seep.
For Webb, the more transparent and data-driven platforms can be, will generate more collaboration and engagement between technology companies. Ultimately, Webb believes that e-commerce, creative experiences, and even concepts like identity and self-sovereignty will be impacted by the concept of interoperability.
However, even with interoperability as a cornerstone of Web3, Webb expressed the inevitability of risks and challenges associated with creating a standard that works for all countries.
According to Webb, the presence of centralized regulatory bodies could continue to inhibit experimentation and growth.
For more on the conversation, tune in and listen to the full episode of NFT Steez and be sure to mark your calendars for the next episode on December 2 at 12 PM EST.
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