• Worldwide Webb founder Thomas Webb joins NFT Steez to discuss the role of interoperability in Web3 and the metaverse.
• Interoperability is a feature of Web3 whereby a product or system can work seamlessly across platforms with other products or services.
• The integration of interoperability enables brands to cross-collaborate, reach their users and create a proliferation of value.
What is Interoperability?
Interoperability is a feature of Web3 whereby a product or system can work seamlessly across platforms with other products or services. Worldwide Webb founder Thomas Webb defines it simply as “creating a token — a nonfungible token (NFT)”.
Impact of Interoperable Applications
Webb explains that enabling the creation of intellectual property (IP) through interoperable applications allows users to display loyalty and, in other ways, their achievement. Additionally, token-gated experiences give users access to attend events and receive perks using the tokens they hold.
The Role of Brands
Interoperability functions in tandem with these types of experiences, allowing brands to collaborate more effectively and reach their user bases more easily. This helps create an even greater proliferation of value for both parties involved.
Collecting History Through NFTs
Webb also discusses how NFT communities are able to get closer to authentic experiences by collecting pieces of history through NFTs – turning articles into collectibles for example.
Overall, Thomas Webb believes that the integration of interoperability in Web3 will have an immense impact on the future landscape by providing more opportunities for collaboration between different companies and individuals alike.