Web3 is a mix of emerging technologies such as artificial intelligence, machine learning, blockchain (DLTs), IoT, and VR & AR. They blend together to provide the ultimate experience and control to the end-user.
Former racing champion Vincenzo Sospiri, explained that:
Their team will build NFT certification for their race cars with Go2NFT and blockchain platform Skey Network. This will allow them to monitor and ensure the quality of the car parts
Img content : Lamborghini-backed GT racing team to authenticate car parts using NFTs
Infosys CEO Shares Metaverse & Blockchain to be a Focus Area
CEO also discussed the real-world applications of the metaverse, predicting that the advancing technology will enter the manufacturing and retail sectors in the “early days”.
Commenting on blockchain technology, Parekh stated Infosys uses blockchain during payment transactions between countries and institutions, stating that the fundamental technology of blockchain is very important.
NFTs impact the art world on a larger scale by changing how artists and collectors trade artwork. Digital artwork creators can sell directly to collectors through specialized platforms called NFT marketplaces, cutting out intermediaries and saving huge brokerage costs.
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