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How To Play The Underlying Protocol Of The Metaverse? Lets Take A Look Of WoW Solution

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3 years ago

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The future has come, curtain of the Metaverse has opened

In 1992, Neal Stephenson put forward the concepts of “Metaverse” and “Avatar” in his science fiction novel “Snow Crash.” The plot of the book takes place in the future setting of a real human living in a virtual space with a virtual human through a VR device.

In 2003, the first phenomenal virtual world “Second Life” was launched. The explorers team said that it was not a game. “There were no conflicts to create and no artificially set goals”. People could socialize, shop, build and do business in it. People experience the parallel world on the Internet for the first time.

In 2021, Facebook announced an investment of US $50 million, based on AR and VR technologies, to develop the Metaverse: a digital world where multiple people can live at the same time.Zuckerberg announced that he wanted to build Facebook into a Metaverse company.

History may not repeat itself, but it does rhyme！

The dream of the Internet at the beginning of its birth seems to be moving towards reality. We may really become ready” player 1 “in Spielberg’s films.

Blockchain, the most important underlying technology of the meta universe

But can Facebook make a Metaverse? Many people disagree, because in addition to AR and VR, there is another area that can not be ignored – Blockchain. Facebook’s genes doomed it to be difficult for him to embark on the road of decentralization.

From the perspective of infrastructure, all transactions in virtual space-time need a technology to ensure the security of transactions and the reliability of account books.

From the perspective of governance, we need to ensure the fairness of the birth of the virtual world, and people no longer need a centralized virtual space-time controlled by authority

Under the framework of blockchain: we can have social platforms based on rules and algorithms, digital currency and economy platforms based on blockchain, and content platforms based on UGC.

Everything has its origin, so the underlying protocol of the metaverse is particularly important.Many of Blockchain projects are trying to contribute their own answers to this question.We will analyze one of the projects, the WoW Metaverse, what they are doing for it ?

Like all metaverse projects, WoW Metaverse first built its own story:

After experiencing many difficulties, elves and humans beat back the giant animal’s army by letting humans learn magic.The 51 magicians who defeated the giant animal army became archbishops, jointly formed the Hall of Elders and became the leader of the whole human elf alliance.The magicians who lead WoW open a new legend with their own wisdom, which is WoW Metaverse.

The Hall of Elders composed of archbishops is the highest authority in WoW World.In addition, there are 10200 chief priests, attached to the archbishop, who are powerful members of WoW World and maintain the daily stability of WoW.

All humans and elves in WoW are eager to try, strive for 51 archbishops and set up a team to gain the greatest influence for their team and lead tribal residents to create WoW Metaverse ecology.

Users can obtain Archbishop NFT through purchase on the official website. With Archbishop NFT and 100 magicians in the magic team, you can divide 50% of the mining tax every month.

Get the Priestly NFT through the official website. Each Priestly NFT can receive 1000 WOW as a bonus and divide 10% of the mineral tax every month.

Other ordinary users only need to hold 200 WOW tokens to become a WoW magician, and can participant the mining of the bounty pool.

These three constitute the strongest governance framework in WoW World.In order to balance the ecological competition, WoW also provides a variety of playing methods such as blind box, upgraded, Hunters for bonus, token destruction and so on.

Through the creation of authority structure and playing methods, and the circulation of NFT and governance token, the governance protocol of WoW World is slowly launched.

After careful study, we can see that the whole governance protocol has the following advantages:

—Low threshold

Users can mining without staking which its holding is mining, reduces the access threshold of Metaverse.

—High liquidity

By setting the minimum threshold, strengthen the transaction motivation and ensure the flow foundation.

—High fairness

There is no monopolize holder,balance will be automatic adjusting by whole net.

—High promotion

very positive promotion mechanism to make marketing efficient,here is no chance to get benefit without working,fair is platform’s principle

—High retention of users

value exchanging keep users stay the platform forever and build a very prosperous ecology

Whether WoW’s scheme can realize the above advantages remains to be verified in time, but it clarifies what characteristics a healthy and lasting Metaverse governance agreement should have in order to completely activate the door of the new world.

After the door is opened, the metaverse can not complete the closed loop until the real UGC is realized. These directions are also mentioned in WoW’s planning. AS the following three points

—NFT Platform

The full name of NFT is non fungible token, which is an important trading medium of metaverse. In addition to building a perfect NFT trading platform with famous artists and collections, metaverse will also actively explore and expand its influence in domain name, copyright, bill and other markets.

—Game BaaS platform( Blockchain as Service)

The Metaverse ecology will provide you with complete meta universe game scenes:

Users can choose games freely, participate in games fairly and even create games independently by themselves.

Mature games will be organically combined with blockchain. BaaS system helps more games break through the closed economic system and become a P2E game.

—WoW social platform

Anyone can create “avatars” in the metaverse. In the future, there will be friends on the platform of each metaverse, which can realize barrier free communication. Therefore, the research on compatibility (cross chain) development will play an important role.

William Ford Gibson, a famous science fiction novelist and writer who once wrote “Neuromancer”, once said:

The future is already here, it is just not evenly distributed

We don’t know how the Metaverse develops, but we may be able to ask the right questions from innovators such as WoW Metaverse.

Learn more about WoW Metaverse?

Follow WoW’s twiiter：https://twitter.com/MetaverseWow

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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PIONEERING PARTNERSHIP: KRAATZ ENGINEERING AND UNAM FORGE STRATEGIC ALLIANCE TO BRIDGE SKILLS GAP

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9 hours ago

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May 3, 2024

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WALVIS BAY, NAMIBIA, 02 MAY 2024 – Kraatz Engineering, a subsidiary of the Ohlthaver & List (O&L) Group, is thrilled to announce the signing of a Memorandum of Understanding (MoU) that is leading the way in a new venture with the University of Namibia (UNAM) and the Welding Association of Namibia. This strategic alliance is set to revolutionize the engineering sector by enhancing the talent pipeline through a synergistic approach that integrates hands-on training within academia, aligns educational curricula with industry requirements, and propels innovation through collaborative research endeavours.

The joint initiative is aimed at narrowing the skills gap prevalent in the Namibian engineering industry. By leveraging the strengths of each partner, the MoU will create a seamless pathway from education to employment, ensuring graduates are not only job-ready but also equipped to contribute to the advancement of local industry through innovation and best practices.

“Kraatz and O&L’s commitment to nurturing local talent will see students gaining invaluable, on-the-job experience through structured internships and job attachments. UNAM’s rich academic environment will be enriched by real-world industry insights, enhancing their reputation as a cradle of future industry leaders, while the broader engineering sector will benefit from a workforce that is educated, innovative, and aligned with the needs of industry.”, states Cameron Kali, Talent Acquisition Specialist at O&L.

 

Prof. Kenneth Matengu vice chancellor of UNAM and Frank Kernstock (MD) of Kraatz Engineering at the signing of the MOU in Walvisbay.

 

The MoU outlines specific programs that include:

  • Job shadowing and internships for hands-on experience.
  • Utilization of state-of-the-art facilities and professional equipment.
  • Joint research projects aimed at industry innovation.
  • Academic and industry information exchange forums.

These programs are designed to bridge theoretical knowledge with practical skills, providing a holistic educational experience for students.

The anticipated outcomes of this collaboration are multifaceted:

  • A significant reduction in the skills gap within the Namibian engineering industry.
  • An increase in job creation, particularly for the youth.
  • The establishment of Namibia as a hub of industry innovation and progress.

Students and academics eager to take part in this trailblazing initiative are encouraged to reach out to their respective institutional representatives for criteria and application processes.

This partnership embodies the long-term vision of creating a sustainable and self- sufficient local industry that is competitive on a global scale. It aligns with national goals for education and industry development and promises to catalyse the economic and social upliftment of the Namibian society. Prof. Kenneth Matengu, UNAM’s Vice-chancellor, has endorsed this partnership, recognizing it as a pivotal step towards an inter-connected and progressive future for Namibia. “This MoU creates opportunities to collaborate in overall education of our engineering students but more specifically in student placement, in research and in R&D support. This framework advances the mutual interests of the parties especially in the development of welding engineering education in Namibia, which UNAM will begin offering soon. UNAM is extremely pleased to partner with KRAATZ of the O&L group and looks forward to working with O&L in expanding industry activities and supporting emerging businesses in the future.”, stated Prof. Kenneth Matengu, Vice Chancellor of the University of Namibia.

Frank Kernstock, MD of Kraatz Engineering, adds, “Internship and attachment programs are critical in crafting a robust talent pipeline. At O&L and Kraatz, we envision a sustainable future where Namibians are at the forefront of industry innovation and therefore, we are committed to this journey, alongside UNAM and the Welding Association, in creating and enhancing life locally. This partnership is more than a MoU; it is a promise to the future generations of Namibia, ensuring they have the tools, skills, and opportunities to build a brighter, more innovative future for all. This is authentically who we are, what we care about and for the future we are passionate about.”

Media Contact

Organization: The Ohlthaver & List (O&L) Group

Contact Person: Roux-ché Locke

Website: https://www.ol.na

Email: Send Email

Contact Number: +264612075207

Address: Alexander Forbes House, 7th Floor,

Address 2: South Block, 22-33 Fidel Castro Street, Windhoek, Namibia

City: Windhoek

State: Khomas

Country: Namibia

Release Id: 03052411669

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Reskilling and Upskilling for the AI Age: Dee Agarwal’s Advice for Staying Ahead of the Curve

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12 hours ago

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May 3, 2024

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In the AI age, Dee Agarwal advocates for embracing change by continuously reskilling and upskilling. His advice emphasizes self-assessment, cultivating a growth mindset, focusing on human-centric skills, and embracing lifelong learning to thrive in the evolving landscape.

Atlanta, GA, 3rd May 2024, ZEX PR WIRE, The artificial intelligence (AI) revolution is transforming industries at an unprecedented pace. While AI automates routine tasks, it also creates a demand for a new breed of workforce – one equipped with the skills to collaborate effectively with intelligent machines and navigate this evolving landscape. Deepak (Dee) Agarwal, an experienced C-Suite executive, and an advocate for continuous learning, offers valuable insights on how individuals can thrive in the AI age through reskilling and upskilling.

“The key to success in the AI age isn’t fearing change, but embracing it,” says Dee Agarwal. “AI presents a tremendous opportunity to augment human capabilities and drive innovation. The future belongs to those who are willing to learn, adapt, and continuously develop their skillsets.”

Identifying Skill Gaps and Building on Strengths

The first step towards reskilling for the AI age involves self-evaluation. Dee Agarwal emphasizes the importance of understanding your current skillset and identifying areas for improvement. “Take stock of your strengths and weaknesses,” he advises. “What are the technical skills you possess? Do you have a strong foundation in data analysis or programming? Are you comfortable working with complex systems?”

Dee Agarwal suggests exploring online resources and industry reports to identify in-demand skills for your specific field. “Look for opportunities to bridge skill gaps through online courses, boot camps, or even certifications offered by your employer,” he says. “Remember, lifelong learning is no longer a luxury, it’s a necessity.”

Developing a Growth Mindset

Beyond acquiring new technical skills, Dee Agarwal emphasizes the importance of cultivating a growth mindset. “People with a growth mindset believe that their talents and abilities can be developed through hard work and dedication,” he explains. “This optimistic outlook is crucial for embracing challenges and persisting through setbacks, which are inevitable when learning new skills.”

Dee Agarwal suggests adopting a learning-oriented approach to work. “Don’t shy away from taking on challenging projects that push you outside your comfort zone,” he says. “View every opportunity as a chance to learn and grow. Seek out mentors who can guide you and provide valuable feedback.”

Focusing on Human-Centric Skills

While technical skills are essential, Dee Agarwal highlights the enduring value of human-centric skills in the AI age. “AI excels at tasks that are repetitive and rule-based,” he explains. “However, it lacks the creativity, critical thinking, and emotional intelligence that are hallmarks of human expertise.”

Driving home this idea, Dee Agarwal emphasizes the importance of honing communication, collaboration, and problem-solving skills. “Effective communication is vital for working with diverse teams and stakeholders,” he says. “Collaboration allows us to leverage the collective intelligence of humans and machines, and strong problem-solving skills are critical for navigating complex situations and finding innovative solutions.”

Dee Agarwal reminds us that it takes years to teach people how to act with any sort of emotional intelligence and creativity, and computers simply don’t interact with people on an emotional level to have those learning experiences.

Embracing Lifelong Learning

The pace of technological change dictates that reskilling and upskilling are not one-time events, but rather ongoing processes. Dee Agarwal encourages individuals to develop a passion for lifelong learning. “Stay curious, explore new ideas, and keep yourself updated on the latest technological advancements,” he advises. “There are countless resources available online and in your community to fuel your learning journey.”

Building a Future-Proof Career

By embracing reskilling and upskilling, individuals can position themselves for success in the AI age. Here are some key takeaways from Dee Agarwal’s advice:

  • Self-assessment: Regularly evaluate your strengths and weaknesses to identify areas for improvement.

  • Identify in-demand skills: Research your industry and pinpoint the skills employers are seeking.

  • Develop a growth mindset: Believe in your ability to learn and grow, and view challenges as opportunities.

  • Focus on human-centric skills: Hone your communication, collaboration, and problem-solving abilities.

  • Embrace lifelong learning: Cultivate a passion for learning and stay updated on the latest advancements.

“The AI age presents both challenges and opportunities,” concludes Dee Agarwal. “By embracing continuous learning and developing a future-proof skillset, you can thrive in this dynamic environment and contribute meaningfully to the ever-evolving world.”

As AI continues to stretch into more facets of daily life, Dee Agarwal’s guidance will become increasingly relevant for those aiming to stay ahead of the curve.

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Press Release

FinTech Funding Continues to Surge as Second Edition of Dubai FinTech Summit Commences

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12 hours ago

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May 3, 2024

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  • Dubai FinTech Summit to take place 6 – 7 May at Madinat Jumeirah.
  • 2nd edition of the summit will bring together over 8,000 decision-makers, over 300 thought leaders across five stages and more than 200 exhibitors showcasing cutting-edge technologies.
  • FinTech landscape is booming with over 800 FinTech start-ups worth USD 15.5bn.

Dubai, UAE, 3rd May 2024, ZEX PR WIRE, For the second consecutive year, Dubai will remain in the spotlight as it hosts the second edition of Dubai FinTech Summit, under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance of the UAE and President of DIFC, which is set to take place on 6-7 May at Madinat Jumeirah.

Organised by Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, the Summit will bring together 8,000 decision-makers, over 300 thought leaders and more than 200 exhibitors to discuss the latest innovations and challenges and showcase cutting-edge technologies.

The global FinTech sector is rapidly growing and is predicted to be valued at USD 608bn globally by 2029, according to Mordor Intelligence, a market intelligence and advisory firm. Bucking the downward global market trend, the MENA FinTech market is expected to register a CAGR of over eight per cent during the period 2024 to 2029.

Dubai FinTech Summit will offer a platform for start-ups, investors and industry leaders to connect and capitalise on the growing FinTech market in the region and beyond. The MENA region’s FinTech start-up and venture capital landscape is booming, with over 800 FinTech start-ups worth USD15.5 bn, according to data by dealroom.co. Reflecting the ongoing transformation in the financial sector driven by Innovation, Inclusion, and Impact, the key themes this year will be Finance Renaissance, Ecofinance and Impact, Investment Vanguard, Regulatory Frameworks, Global Financial Dynamics and FinTech 2.0.

Mohammad Alblooshi, CEO at DIFC Innovation Hub, said: “Nearly 60 per cent of all FinTech companies in the GCC are currently based in Dubai. With the industry growing at an unprecedented rate, it is crucial for stakeholders to gather and discuss the challenges and opportunities that lie ahead. The Dubai FinTech Summit will bring together the most prominent figures in the industry, with an agenda that is aimed at driving innovation, inclusivity, and growth for all.”

With an impressive line-up of distinguished local and international speakers, the Dubai FinTech Summit will host a series of panel discussions and fireside chats. More than 20 governors of financial institutions will attend the summit this year, amongst them, H.E. Essa Kazim, Governor, DIFC, UAE; H.E. Fahad M. Alturki, Ph.D. Director General Chairman of the Board, Arab Monetary Fund, H.E. Dr. György H Matolcsy, Governor, Magyar Nemzeti Bank, The Central Bank of Hungary; will participate in discussions during the two-day event. Nic Dreckman, CEO of Bank Julius Baer & Co.; Yie-Hsin Hung, President & CEO of State Street Global Advisors, along with many other global industry leaders will also be participating in the various sessions planned for the Summit. Notable local speakers include H.E. Abdullah bin Touq Al Marri, Cabinet Member & UAE Minister of Economy; H.E. Helal Saeed Al Marri, Director General, Department of Economy and Tourism, Dubai; H.E. Salem Humaid Al Marri, Director General, Mohammed Bin Rashid Space Centre, UAE; and H.E. Faisal Belhoul, Vice Chairman of the Dubai Chamber, Chairman of J&F Holding.

A key highlight of the Dubai FinTech Summit will be the Grand Finale of the FinTech World Cup (FWC). The champions of the FinTech World Cup will be announced on Day 2 of the summit with the winners securing an investment of up to USD 1 million. The competition is a growth-enabling initiative by DFS designed to encourage cross-border collaboration and stellar innovation, pivotal to transforming the global FinTech sector.

In line with the D33 Agenda to position Dubai as the top four global financial hub by 2033, the 2nd edition of the Dubai FinTech Summit is designed to encourage cross-border collaboration and innovation, pivotal to transforming the global FinTech sector. It presents a unique opportunity to explore emerging FinTech trends and their potential to drive financial progress in the MEASA region.

The inaugural Dubai FinTech Summit attracted over 5,000 C-suite leaders from over 90 countries including north of 1,000 investors and more than 150 speakers. Over 20 Memorandums of Understanding were signed with global financial leaders during the Summit.

The 2nd edition of the Dubai FinTech Summit is supported by:

Founding Partner & Co-Host – VISA

Founding Partner & Powered by – e&

Founding Partner & Premium Banking Partner – Emirates NBD

Founding Partner & Strategic Banking Partner – Commercial Bank of Dubai

Powered By – Dyna.Ai

Strategic Venture Partner – SC Ventures

Lead Sponsor – Finvasia

Country Pavilion Partner – Seoul Government

Diamond Sponsor – Mashreq

Platinum Sponsors – Ripple, Deloitte, Pay10, Nasdaq, Mastercard, Bitpanda

Official English News Partner – The National

Arabic Broadcast Partner – Sky News Arabia

Arabic Business News Media Partner – CNN Business Arabic

Editorial Partner – Bloomberg

Regional Business Media Partner – Asharq Bloomberg

Business Broadcast Partner – CNBC Arabia

Official Radio Partner – Dubai Eye 103.8

Ecosystem Partner – Entrepreneur Middle East

Main Media Partner – Emirates News Agency – WAM

Official Newspaper Partner – The FinTech Times

Official Business News Partner – CITY A.M.

Official Magazine Partner – Finance World Magazine

Official Media Partners – Arabian Business, Finance Middle East

Official Digital Magazine Partner – RASMAL

Official Content Distribution Partner – ZEX PR Wire

Official OOH Partner – ELEVISION

About Dubai FinTech Summit

Dubai FinTech Summit is an annual mega event organised by the Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region. The 2nd edition of the Dubai FinTech Summit will bring together over 8,000+ global industry leaders, 1,500+ investors and policy makers, signalling increased appetite for growth opportunities in the region.

Dubai FinTech Summit signals new wave of financial innovation, opportunity, transformation, and growth for the international financial services sector.  As a rising FinTech hub, Dubai is also spearheading the evolution of the financial services industry, with investments in FinTech projected to grow by 17.2 per cent CAGR to USD949 bn from 2022 to 2030. The summit aligns with the Dubai Economic Agenda D33’s strategic goal of propelling Dubai into the ranks of the top four global financial hubs by 2033.

The expanded programme of Dubai FinTech Summit is set to exceed expectations by delving into key tracks, including the future of FinTech, embedded and Open Finance, climate finance, Web3 and digital assets. The summit stands as a thought leadership-driven platform, addressing industry challenges head-on and championing innovation.

To register for the event, visit www.dubaifintechsummit.com.

Visitors can purchase tickets for the Dubai FinTech Summit 2024.

For further inquiries, please contact:

Shadi Dawi

Director of PR & Strategic Partnerships

Trescon Global

Mobile: +971 55 498 4989

[email protected]

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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