Arie’s Answers — Part 3
Welcome back to Arie’s Answers. In case you don’t know, Arie Trouw is the CEO at XY Labs, and recently we decided to start a web series asking Arie random questions. Why you ask? The idea is to help educate people about our industry while also having a bit of fun in the process. Frankly, Arie is an interesting person with many thoughtful insights, so we’re sharing them. Sometimes the questions will be very in-depth about our company, Web3, Blockchain tech, decentralization, or other topics in the industry. And in some other cases, we’ll just ask him something like, ‘Star Trek or Star Wars?” This week, we’re focusing on the Metaverse.
About Arie Trouw
Here’s a brief bio if you don’t know anything about Arie.
Arie is the CEO and founder of XY Labs. He’s a firm believer in decentralization and creating the integrated owner/user model and is a founder of XYO, the world’s first blockchain geospatial oracle network backed with cryptography. He’s an accomplished serial entrepreneur with a history of technological breakthroughs and business successes involving multiple 8-figure exit events.
He currently serves as Chief Executive Officer and Chairman of the Board of Directors at XY Labs, Inc.
Before starting XY Labs, Arie was CEO and Chairman of Pike Holdings. He received his Bachelor of Science in Computer Science from the New York Institute of Technology.
See more at: arietrouw.com
Question
In your opinion, is the Metaverse inevitable, or is it just another passing trending tech topic that’ll lose hype?
Answer
The Metaverse is simply the next phase of the Internet. Companies across almost all sectors are assessing the potential of Web3 and blockchain.
The Metaverse may be an emerging concept, but its underlying foundation is a compilation of key industries, including data tracking, logistics, social media, marketing, and inventory management.
Question
Are you currently, directly or indirectly, working on building a metaverse?
Answer
XYO is at the forefront of the Metaverse movement, focusing on empowering people to participate in the global data economy by validating anonymous and secure geospatial data.
With a network of millions of individual nodes and users who volunteer their data in exchange for XYO Tokens, XYO will help create a virtual reflection of the physical world that will be replicated to provide live moments in real-time.
Rather than providing data to a faceless multinational corporation that uses it to generate profit, XYO has tapped into the popularity of play-to-earn. We’ve gamified data creation through the COIN App, which rewards users with COIN in exchange for validating geospatial location data when traveling, commuting, jogging, or just simply going about their daily lives.
Question
How do you view the Metaverse?
Answer
Web 2.0., the second phase of the Internet, ushered the world into a new era. We moved away from simple website pages towards new interactive experiences and user-created content. Accelerated by Covid-19, generational differences, and technological advancements, we’re increasingly socializing, shopping and exploring within virtual worlds. We’re now approaching the next iteration of the Internet, the Metaverse, which will be a convergence of both the physical world and the virtual worlds we play in. In the future, I believe that technology will advance so much that the physical and digital worlds will become indistinguishable.
— Arie Trouw, CEO of XY Labs
Join us next time to learn more about Arie and what Arie thinks.
— The XY Labs Team
