Web3 Can Be “the Trust Layer” to Counter Issues Raised by AI
Featured SpeakerYat Siu
Co-Founder and Executive ChairmanAnimoca Brands
Where is Web3 headed? Take a look to the future with this pioneering investor in the metaverse and NFTs.
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Jocelyn Yang is a markets reporter at CoinDesk. She is a recent graduate of Emerson College’s journalism program.
Featured SpeakerYat Siu
Co-Founder and Executive ChairmanAnimoca Brands
Where is Web3 headed? Take a look to the future with this pioneering investor in the metaverse and NFTs.
The Web3 ecosystem can help enable artificial intelligence (AI)’s trust issue, Cathy Hackl, chief metaverse officer at innovation and design consultancy firm Journey, said on stage at CoinDesk’s Consensus 2023 conference in Austin, Texas.
“We can all admit there’s an issue with trust [in AI]. That is the massive opportunity for the Web3 community, being that trust layer,” Hackl shared during a session on AI and Metaverse trends on Thursday.
Hackl sees something that will replace the mobile phone as a part of the trends in the post-smartphone future, such as augmented reality (AR) glasses or similar wearables. “It’s going to be something I call the ‘Ray-Ban’ moment,” she said.
“Let’s say if we move from phones to glasses, then everything in my earshot becomes ‘real estate,’ and that’s a pretty scary thought,” she continued, adding: “That’s where I think that web3 layer can help enable trust and know that I’m seeing something that is the right thing or the thing that belongs to someone specifically.”
Speaking of strategies to push Web3 to the mainstream, Hackl said there need to be fewer restrictions in the space.
“You would buy like anything you would buy on e-commerce, like the process is fiat,” she said. “The actual act of minting is something that the person does when they acquire this and they get the physical one so they have to participate in it physically.”
“Web 3 is a choice. You can either put it on the chain or you don’t have to,” she added.
Looking at the metaverse space, Hackl sees the status quo as a “metaverse cooldown where everyone’s like skeptical” after going through a “metaverse hype” period last year. She said the industry is eyeing “long-term play.”
“I know a little bit hard right now both on the web 3 side and the metaverse side, but keep building,” she added. “The future, in my perspective, depends on all of us that are in the trenches.”
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Jocelyn Yang is a markets reporter at CoinDesk. She is a recent graduate of Emerson College’s journalism program.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.
Jocelyn Yang is a markets reporter at CoinDesk. She is a recent graduate of Emerson College’s journalism program.
