In the last episode of NFT SteezThomas Webb, Founder of the Worldwide Token Interoperable Game Webb, discusses Web3 and Metaverse interoperability integration.
By definition, interoperability is a feature of Web3 whereby a product or system can work seamlessly across platforms with other products or services. Webb simply defines interoperability as “creating a token – a non-perishable token (NFT)” because, at its most basic level, no one besides the creator can control it.
But how does interoperability currently work in Web3, and what is its potential impact?
Implementing interoperability the “right” way
When discussing how interoperable applications can make a profound impact, Webb described the creativity he has seen from NFT communities and brands.
Whether it comes from “creating a product, generating ideas, or building experiences,” Webb believes enabling intellectual property (IP) creation allows users to show their loyalty and, in other ways, fulfill them.
Interoperability also seems to work in conjunction with token-gated experiences, according to Webb. Basically, users can get closer to authentic experiences by using the token they hold as an access pass to attend events and receive perks.
This integration enables brands to cross-collaborate, reach their users and create a spread of value, or as Webb puts it, “unlimited value.”
Related: NFT Steez and Co-Founder Lukso Explore Implications for Digital Self-sovereignty in Web3
The interoperability will be limitless
“Interoperability can be the backbone of everything,” Webb stated when asked what sectors interoperability could seep into.
For Webb, the more transparent and data-driven platforms will lead to more collaboration and sharing across tech companies. Ultimately, Webb believes that e-commerce, creative experiences, and even concepts like identity and self-sovereignty will be influenced by the concept of interoperability.
However, even with interoperability as a cornerstone of Web3, Webb has already expressed the inevitability of the risks and challenges associated with creating a standard that works for all countries.
According to Webb, the presence of centralized regulators can continue to inhibit experimentation and growth.
To hear more of the conversation, tune in and listen to the full episode of NFT Steez On the new podcast page on Cointelegraph, or on Spotify, Apple Podcasts, Google Podcasts, or TuneIn.