• Worldwide Webb founder Thomas Webb explains the role of interoperability in Web3 and metaverse ecosystems.
• Interoperability allows users to create intellectual property, access token-gated experiences, and collaborate with brands.
• Interoperability has the potential to create infinite value for users.
What is Interoperability?
Worldwide Webb founder Thomas Webb defines interoperability simply as “creating a token — a nonfungible token (NFT)” since, at its most basic level, no one can control it besides the creator. By definition, interoperability is a feature of Web3 whereby a product or system can work seamlessly across platforms with other products or services.
Potential Impact of Interoperability
Webb believes that enabling the creation of intellectual property (IP) allows users to display their loyalty and, in other ways, their achievement. Furthermore, token-gated experiences allow users to get closer to authentic experiences by using the token they hold as an access pass to attend events and receive perks. Additionally, brands can cross-collaborate, reach their users and create a proliferation of value — or “infinite value” — by utilizing interoperable applications.
Creativity from NFT Communities & Brands
Webb described the creativity he has seen from NFT communities and brands in terms of creating products, ideas or experiences in order to integrate interoperability into Web3 ecosystems. He believes this could have profound impacts on how people interact with each other online by providing new opportunities for collaboration.
Token Gated Experiences
Interoperable applications also seem to function in tandem with token-gated experiences according to Webb; allowing users exclusive access based on what tokens they possess so that they may gain more intimate connections with events and offerings available through these platforms. This could help build relationships between consumers and businesses while also adding more value within certain networks by making certain amenities accessible only through tokens held by those within said ecosystems..
In conclusion, it is clear that interoperable applications have great potential when used correctly – both for individuals who wish to express themselves creatively as well as businesses looking for innovative ways to engage customers and generate revenue streams through tokens gating experiences available exclusively within certain networks