The second day of Paris Blockchain Week (March 20-24) was Web3XP Day. It was a chance for prominent players across industries to meet with tech leaders to explore the possibilities of expanding into Web3. Finding the right talent, choosing the right tech, understanding the ins and outs of wallets, NFTs and the metaverse - all this and more was on the table.
Panels of experts and keynote speakers took to four separate stages to map out the landscape. Over 100 businesses were represented across the sprawling exhibition halls, situated beneath the world-famous Louvre museum.
Venly was among them, with our business development team taking meetings all day long with potential partners in gaming, fashion, entertainment, music, technology and more.
CEO on deck
CEO Tim Dierckxsens also made an appearance at the Venly booth. He provided an interview for the Centre for Finance, Technology and Entrepreneurship, providing insights on where the business priorities are in the current Web3 landscape.
Later in the afternoon, Tim was also featured on a panel discussion entitled ‘Marketing in Web3.’ There, fellow panelist timer Warschauer of blockchain game developer The Kryptomon Company affirmed that “it just makes sense to have web3 games.”
But, he went on to say, “one of the biggest challenges is… the technical work to onboard [web3 newcomers].”
Decrying the “thirty-two-step process” normally required to bring a newcomer into the ecosystem, Nuni pointed to Venly as a pioneer in simplifying this process.
“Of course, it can be simplified,” agreed Tim. “We take away those thirty-two steps. We give you an API, you install it, and you play your game.”
“We’ve gone further,” he added. “We have a game development toolkit connected to Unity [gaming engine]. We’re developing solutions from the gamer’s point of view, so you can integrate the software simply.”
Venly was also singled out by Amelia Daly of the Solana Foundation, who called the company’s approach “a perfect example” of a focus on tools that were developer-friendly, powerful, and easy-to-use.
Venly’s partners were also present at the convention, including Magma, a web3 platform allowing stakeholders to create digital assets from the digital twin of a building.
“We are using the Venly Wallet to connect stakeholders of a building to its digital twin so they can receive rewards for uploading information into the platform,” explained Matthieu Merchadou Melki, Magma CEO. “As they upload information, they building wallet will pay them a reward into their own wallet.”
Melki cited the “accessibility of the wallet,” and the “user-friendly interface,” as two of the key benefits of working with Venly products.
“We are using the Wallet for now, but we need to talk about using the Wallet APIO, as well, to create a custom solution,” he explained, referring to the white-label nature of the Venly Wallet API, which allows for greater customizability.
Magma’s novel application of blockchain is just another example of the ever-increasing use cases for the technology. Melki explained the problems his company was hoping to solve in traditional building record-keeping and notarizing.
“It’s a long process. You have to back and forth with emails with your notary until he produces a document. In blockchain, it’s instant. You get a timestamp once it’s been validated by the Magma protocol. We have a mapping process if you need to see the actual documents, [meanwhile] the blockchain stores the proof that the document exists.”
“The real estate industry is not the fastest to embrace technology. The traditional players are not at all in the technology world. It’s very difficult for them to understand that data is the most valuable asset right now. They need to put in place trust mechanisms to record this data and be able to share it in a collaborative manner.”
Magma’s story is not unique. Across industries, innovators are waking up to the ways that Web3 can solve problems and lead to greater efficiency. We are only at the beginning of the Web3 journey. Events like Web3XP will continue to give us insights into where that journey is heading.