Share this article
Accenture Exec Says Future of Crypto Self Custody Will Be Portability
Live from the World Economic Forum in Davos, Switzerland, David Treat, senior managing director at Accenture, discusses why users should have the option to move their data and crypto from one location to another.
Updated Jan 17, 2023, 4:20 p.m. Published Jan 16, 2023, 10:34 p.m.
Make us preferred on Google
IT services and consulting firm Accenture is leaning heavily on the potential of Web 3, according to David Treat, senior managing director at the company.
Joining CoinDesk TV’s “First Mover” from the World Economic Forum (WEF) at Davos 2023, Treat said that metaverse-enabled capabilities, including augmented reality (AR), virtual reality (VR) and the ability to tokenize “identity, money and objects,” can simultaneously shift business models and tap into new revenue streams.
STORY CONTINUES BELOW
In a survey earlier this year, the Dublin, Ireland-based consulting firm said that by late 2025, the metaverse is likely to fuel a $1 trillion opportunity for businesses.
Nonetheless, according to Treat, it comes down to building “architectural patterns” that establish trust with users in the event something does go wrong.
“That requires some governance, audit control and ability to think through the hybrid structures that we’re working with to do that in different creative ways,” Treat said.
The key step is portability, where users should be able to have a portable device that can be used across difference blockchains, according to Treat.
“I need to be able to bring that object, and the identity that I've received or my money and take it to a different digital context,” Treat said. “And if that's a different ledger with a different wallet, that's a pretty dystopian outcome.”
Read more: Self-Custodial Onboarding Will Be the Norm in Web3's 2023/ Opinion
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
需要了解的:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Tristan Thompson launches prediction market turning NBA stats into stock
NBA veteran Tristan Thompson launched basketball.fun, a new prediction market platform that turns top athletes into tradable assets.
需要了解的:
How it works: The platform differentiates itself from standard betting by treating the NBA's top 100 players as individual financial assets to collect.
- Users can buy and open "packs" of players, mimicking the nostalgic experience of buying physical trading cards.
- Player "share prices" luctuate based on real-time performance, rising if a player records a triple-double or dropping if they struggle after an injury.
- Users can trade these player shares on a secondary marketplace.
Top Stories
