As a part-time philosopher of digital fashion, identity and ownership, he gave a notable keynote speech on fashion, games and blockchain in 2020 and is the team behind the ERC-1155 multi-token smart contract standard. He directed the business development of Enjin. ..
At the Paris Blockchain Week Conference in April, Crypto Potato Alex RasmanDirector of the Consumer Engagement Fund at Hedera, Web3, NFT, the future of HBAR, and the growing hype over Metaverse, especially HBAR’s $ 250 million Metaverse fund.
HBAR modeled on a visa
Hedera Hashgraph is a decentralized proof of stake (PoS) network built to enhance and manage Dapps’ digital economy, with its own foundational technology and its own consensus and governance model. Alex Russman says the founder modeled on Visa.
“One of the unique challenges before the founders of Hedera decide how to manage their networks. They follow the example of the original Visa Council, which has up to 39 corporate members,” see, basically. Use these global brands and their reputation to bootstrap proof-of-state networks. “
Hedera’s partners are diversified by company, sector, and region (not just time, but one-third of our partners roll over on a regular basis). The Hedera Governing Council’s roster now includes Wall Street tycoons such as Google, IBM, Boeing, and LG Electronics.
Comparing the Web3 network with its competitors Polygon and Ethereum and contrasting with Bitcoin and other digital shortage coins, Russman said:
“Hedera, a third-generation distributed ledger technology, provides a network that is actually designed for large-scale adoption and large-scale use, in fact for all legitimate use cases and legitimate interests. Was aimed at responding to. “
Hashgraph builds consensus on distributed public ledgers through virtual voting and a unique data structure that uses Hedera’s proprietary distributed asynchronous protocol (called the “gossip algorithm” by developers). This architecture is built on a stable, unreliable, uneconomical consensus building that delivers enterprise-level scalability, low-cost throughput without network congestion, and low energy consumption.
$ 250 Million HBAR Metaverse Fund
Of the billions of dollars worth of HBARs allocated to expanding and nurturing the Hedera Hashgraph ecosystem last year, Alex Russman oversees the first campaign for the Growth Fund.
Investing in the Metaverse project is a $ 250 million initiative. “This fund was formerly known as the Consumer Engagement Fund, because it aims to attract new users and bring all such Web2 audiences into Web3,” Rasman said.
What are the main issues this project is trying to address? Rasman thus characterizes it:
“Look, Web 3 is great, it will definitely extend, but we don’t have any of the tools and infrastructure depth that the Web 2 world has.”
The processes that developers can take to secure funding from the Hedera Hashgraph Metaverse Fund are:
“There are roughly three types of grants when you apply from our Foundation portal. There are application developments. You have a funding perspective, such as helping builders, leveraging technology, and integrating Hedera into your projects. Helping builders work on integration from. Next, there are more consumer engagement type grants.
That is, either rewards or support for getting users to participate in the platform or ecosystem. And the third part is market development funding. By introducing new projects and brands into the ecosystem, we help these business ecosystems grow their businesses. “
NFT: plays an important role
Russman described the Metaverse as “a virtual place where you can move seamlessly and without friction.” He believes that some of the digital experiences overlap each other, but the physical ones continue to be a very important area.
“Everything works together. For me, it’s about the lack of friction that moves between those spaces and the world.”
He also believes that NFTs play an important role and are transformed into a kind of credentials that can be transferred between different platforms in a frictionless manner.
Regarding Hedera’s role in all of this, Rasman concludes:
“Hedera believes to be the core infrastructure of these future virtual economies and virtual worlds. […] I think Hedera will be a kind of core infrastructure that provides hands-on to organizations entering Web3 in the first place. “
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