What Are NFT's Next Frontiers? - TOKEN2049 Singapore

hello good afternoon everyone um Alan from any mocha excited to be here sharing about what's next for nft the question here is well is there still live in nft so I think nft has you know let's look back a little bit of History there's been three lives that have gone through it started live as JPEG which is Art and pfp and of course then they get to a stage where you know people are trying to gonna come up with road maps utility games and only a few has really made it to the Holy Grail at least for this point right which are Brands it could be bayc asuki kukat there are only a handful of those in that category of course what happened in the last couple of months has been tough for everyone we've seen crypto winter but I think for nft it's been particularly tough because we've got companies like sudo swap coming to attack the very basis of web3 which is power and a fair share back to the Creator they're trying to take that royalties away and of course there are a lot of artists that have their arms up in the air people is coming to talk and they've got platforms like magic Eden that's come out to come up with tools to actually fight that very against it went through ethos of taking away the royalty so you know we're in a pretty tough spot so the question is is there still live in nft for us in animal care we really believe that nft is going to be very important we continue to be very bullish because it is a lot more than just a JPEG or art nft really is the Cornerstone of digital property rights it is not just an image but it can be asset in the game metaverse asset it can be something that you wear it can be a ticket it can be a membership it can be your digital passport so nft can be many different things it really is the Cornerstone of digital property rights and the reason why we're bullish is because we're seeing a lot of exciting projects that are really putting nft into everyday life usage there are projects where nft become a token for you to access real yield the real Revenue behind it nft is an easy way for you for artists to connect with fans it's changing the way of how supply chain is being structured is allowing you to hold your digital asset and ID in a very different way so we're seeing a lot of innovation so I just want to talk you through a couple of examples this is one of the companies that animal has backed recently it's tiny tab already a leader in web 2 they're one of the top 10 app in education on iOS they already had 8 million registered family and parents on on on their platform and there are a hundred thousand teachers or creators what's interesting is we're not just interested in tiny tab because of the revenue they have in web 2 but the potential they see in education more broadly because here we see all the classic markers of web 3 potential we see the teachers are poorly compensated they're a middlemans which in the former school and it's very hard for teachers to actually have true digital property right and therefore they really don't have an Avenue to effectively monetize and have flexibility to do what they want to do with the asset that they've created which really has slowed down creation so what we've been working with tinytap is really try to package the teachers courses into nft so now for anyone you know whether you are a normal nft collector a D5 investor or someone who's just interested in education now you can become a co-publisher together with the teachers on the tiny tab platform and what you would do is you you would acquire a partial right to the revenue stream of the original cost but then you also need to do work you become a co-publisher you can help by adding marketing you can localize the course in different languages so buyers are not just passive investor but they could also participate they become a co-publisher and what's really interesting is then you turn the whole thing into not just a two-way thing but it's really Community Driven in terms of marketing in terms of access and reach and I think that could be a real innovation in education we've seen how nft and web3 has transformed different creative economy and we think education will be the next another example we want to share pixeling also another company that Animal Care has backed has been at the Forefront of building music metaverse I think when people think about music and web3 they often think about the royalties that's being created and you know there's been a lot of company trying to innovate around that but you know for for us we think it's music nft is a lot more than just royalty because music crosses easily into art into games and I think because the nature of music is very user generated and also it's all around fandom you know I think it lends itself naturally to a community-based business model so you know I think that's exactly what pixelink is building to us and I think the team in the pixel language is very experienced from the industry had a super smart idea so imagine this so if you're a billy Irish fan you can feed a billion song into the AI machine and what they would do is turn that song into what they call sound sculpture so which is what you see here right so with that sound sculpture you can be building different things in the pixeling metaverse and that sound sculpture will become Terrain in a game you can play so imagine what's happening here and we've seen that story played out in Tick Tock where fans of a certain singer would take that song and co-create and build on top of it and naturally you put together all the people fans of the same singer together in a community and pixel is trying to replicate that in a different medium with rep 3 with music with sound sculpture and put that into a game so we're super excited about this product which is launching in the next couple of months and I think everyone hopefully will pay attention to this Innovation and music nft another example that I really like is artifact and what they've done of course you know they've been acquired with Nike in this with a lot of innovation about how apparel is being done but I thought for me the real Innovation is around how they've turned around supply chain so all of us would know that if you want to get the latest Air Jordan you go queue up you go cure for hours right so what you could do now with special drops like this is instead of queuing up you can provide much better experience to your fan so for Nike they or any other apparel company they can be issuing nft and with that nft you can claim the merge and what the real Innovation is there's no there's no terrible experience of queue on the street and the the like of my Nike and Adidas would have bought themselves a lot of times so I myself have bought one of these and I've claimed the merch I've paid for it and then basically I have to wait three months for my t-shirt six months for my jacket and what what does it really mean for Nike they've really bought themselves a lot of time around supply chain they don't need to worry about stocking up and having an excess inventory I think there's a real Innovation and disruption to how apparel and retelling is being done I think that's a super interesting innovation in nft as well just a couple more examples uh Gokey another company that picked that Animal Care is backed what they've really done is they've turned nft into your digital passport into your health passport I think a lot of you have played with step end with a lot of the different move to earn model so Gokey is doing that they've got millions of users on their platform already but what's really interesting is because they've created an Actuarial model where they take your exercise activity and try to turn that into an estimation of the risk that you have so they're going to take that data with your permission to insurance company so basically you can give discount when you buy health insurance medical insurance but all of that is in your control unlike in the previous Facebook Instagram Google world where user is the product basically they're selling your data you don't have control with nft all of that data is put into a web free format where you have you know you as a user actually had control so you know we think that's also a very interesting innovation of how nft is being done finally it's not it's not just supply chain it's not just content it's not just games but also how distribution is being done we're seeing a lot of interesting model for all of this have actually purchased nft we know how frustrating it is right so you would go to Twitter there is Discord you look at Tech talk you go to YouTube video there are different influencers but they all spread out right there's no one unified user experience the amazing team of Jason Maher has put together open which is a platform that has soft launch recently really trying to create a super app very much like WeChat where you can get content you can see what your friends are doing you can chat there's a whole experience they can build around nft where you don't have to go to five different platforms right so I think a lot of innovation is being done around not just what is in an nft but also how NFD is distributed I'll just close up of this if you believe in all of the example and believe that there's going to be a lot more Innovation Beyond this The Narrative around nft will need to change it is not just a jpad it's not just art right it's going to be an everyday use case I'm sure a lot of you have seen what stabbings is going to do with its loyalty program I think a lot more Millions more people is going to be getting in touch with web 3 with nft but it's not always going to be visible I'm pretty sure that when when Starbucks launches loyalty program they most people will know that it's launched on the polycon Chain so there's going to be seamless integration of this and I think the whole narrative around nft as we look forward to all these Innovative use cases we need to change so just wrap up with a call to founders of Animal Care super bullish around nft not because of what it has done but you know the potential there's going to be a lot more use cases that is in every day's life so if you have an exciting Vision if you have a project that you want to come talk to us please find me thank you