Tag Archives: NFT

Web3: The Next Step in the Internet’s Evolution

Web3 has become an increasingly popular buzzword in tech circles. While some are fervent believers in its potential to change the internet as we know it, others are skeptical it holds the future. Still others have no clue what it is—and rightfully so. Web3 entails a set of online principles with potentially mammoth ramifications, but one of the major questions surrounding it is how will these principles take hold? Web3 could manifest in a variety of ways.

This week, we delve into how it may change the internet as we know it.

WHAT IS WEB3?

To answer this question, first we’ll explain the Web1 and Web2.

Web1 is the original version of the internet—think of it as a read-only version. In 1991, HTML and URLs allow users to navigate between static pages. After the millennium, the internet starts to become interactive. User-generated content gradually takes hold via MySpace and eventually Facebook, Twitter, and other social media platforms. This interactive version of the internet constitutes Web2, it’s a version of the internet in which users can both read and write via social media, Wikipedia, YouTube and more.

Tech conglomerates naturally turned Web2 into an era of centralization. Meta owns three of the four biggest social apps in the world. YouTube, the fourth biggest social network, is owned by Google, which accounts for around 90% of internet searches. Many question the ethics behind so much data in the hands of so few behemoths. Some have gone so far as to question whether the combination of big data and AI could diminish our capacity for free will, while other research shows that the targeted ad economy does not add much value and may in fact be a bubble.

In the face of these prescient concerns, the main thing that separates Web3 is the concept of decentralization.

DECENTRALIZED WEB

One of the main principles of Web3 is that it employs blockchain technology to decentralize data ownership and, in the words of Packy McCormick who helped popularize the term Web3, an “internet owned by the builders and users, orchestrated with tokens.”

The concept of digital decentralization gained massive traction since Satoshi Nakamoto created Bitcoin using the blockchain in 2009. Cryptocurrency has since become a household name and blockchain technology is finding adoption in a multitude of ways.

In Web3, centralized corporate platforms will be replaced with open protocols and community run networks, enabling the open infrastructure of Web1 with the user-participation of Web2. Everything is decentralized using the blockchain. Decentralization means that a distributed ledger manages financial transactions rather than a single server.

When going to a major social network like Instagram, rather than giving their data away for free, users could monetize their data and receive cryptocurrency for creating interesting posts. Users could buy stakes in up-and-coming artists to become patrons in exchange for a percentage of their royalties. Axie Infinity is a popular Web3 video game which uses NFTs and Ethereum to reward users for achieving in-game objectives. Games with real-life rewards are known as Play to Earn or “P2E” games—a major new trend in game design. It follows the overall goal of Web3—to put power in the hands of users and creators rather than major corporations.

CRYPTOCURRENCY AND NFTS

Blockchain technologies enable an economy powered by NFTs and cryptocurrency. Users can use cryptocurrencies like Ethereum to purchase NFT versions of real-life moments, memes, emojis and more. For example, NBA: Top Shot was among the first NFT projects from a major brand. Fans could purchase “moments” in NBA history, such as Jordan’s famous shot in Game 5 of the 1989 NBA playoffs first round, and trade them as if they were trading cards. It creates a community for fans using digital assets.

The digital art contained within NFTs can be copied but original ownership cannot be duplicated. It’s similar to owning an original Picasso—other people may have copies of the same art, but there is only one original.

Bored Ape Yacht Club may be the most successful NFT project—offering access to real-life parties and online spaces in exchange for purchasing their NFTs.

Another blockchain-powered phenomenon is Decentralized Autonomous Organizations or DAOs. DAOs are organizations that raise and spend money, but all decisions are voted on by members and executed using rules encoded in the blockchain. Famously, a DAO recently raised $47 million in a failed attempt to buy a copy of the constitution.

WHAT TYPE OF WEB3 WILL EMERGE?

With so much up in the air, it’s unclear what type of Web3 will emerge. Although decentralization promises to diminish the power of major corporations, these conglomerates still hold such endless resources that it’s hard to imagine them not finding a way to capitalize and maintain relevance.

Remaking the web won’t happen overnight. There are still major technical and regulatory hurdles which need to be overcome before Web3 becomes the golden standard.

Although we can’t predict how all this will shake out and affect your daily online experience, one thing is for sure—the internet is evolving.

Learn More About Triggering Augmented Reality Experiences with AR Markers

We expect a continued increase in the utilization of AR in 2021. The iPhone 12 contains LiDAR technology, which enables the use of ARKit 4, greatly enhancing the possibilities for developers. When creating an AR application, developers must consider a variety of methods for triggering the experience and answer several questions before determining what approach will best facilitate the creation of a digital world for their users. For example, what content will be displayed? Where will this content be placed, and in what context will the user see it?

Markerless AR can best be used when the user needs to control the placement of the AR object. For example, the IKEA Place app allows the user to place furniture in their home to see how it fits.

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Location-based AR roots an AR experience to a physical space in the world, as we explored previously in our blog Learn How Apple Tightened Their Hold on the AR Market with the Release of ARKit 4. ARKit 4 introduces Location Anchors, which enable developers to set virtual content in specific geographic coordinates (latitude, longitude, and altitude). To provide more accuracy than location alone, location anchors also use the device’s camera to capture landmarks and match them with a localization map downloaded from Apple Maps. Location anchors greatly enhance the potential for location-based AR; however, the possibilities are limited within the 50 cities which Apple has enabled them.

Marker-based AR remains the most popular method among app developers. When an application needs to know precisely what the user is looking at, accept no substitute. In marker-based AR, 3D AR models are generated using a specific marker, which triggers the display of virtual information. There are a variety of AR markers that can trigger this information, each with its own pros and cons. Below, please find our rundown of the most popular types of AR markers.

FRAMEMARKERS

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The most popular AR marker is a framemarker, or border marker. It’s usually a 2D image printed on a piece of paper with a prominent border. During the tracking phase, the device will search for the exterior border in order to determine the real marker within.

Framemarkers are similar to QR Codes in that they are codes printed on images that require handheld devices to scan, however, they trigger AR experiences, whereas QR codes redirect the user to a web page. Framemarkers are a straightforward and effective solution.

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Framemarkers are particularly popular in advertising applications. Absolut Vodka’s Absolute Truth application enabled users to scan a framemarker on a label of their bottle to generate a slew of more information, including recipes and ads.

GameDevDad on Youtube offers a full tutorial of how to create framemarkers from scratch using Vuforia Augmented Reality SDK below.

 

NFT MARKERS

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NFT, or Natural Feature Tracking, enable camera’s to trigger an AR experience without borders. The camera will take an image, such as the one above, and distill down it’s visual properties as below.

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The result of processing the features can generate AR, as below.

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The quality and stability of these can oscillate based on the framework employed. For this reason, they are less frequently used than border markers, but function as a more visually subtle alternative. A scavenger hunt or a game employing AR might hide key information in NFT markers.

Treasury Wine Estates Living Wine Labels app, displayed above, tracks the natural features of the labels of wine bottles to create an AR experience which tells the story of their products.

OBJECT MARKERS

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The  toy car above has been converted into an object data field using Vuforia Object Scanner.

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Advancements in technology have enabled mobile devices to solve the issue of SLAM (simultaneous localization and mapping). The device camera can extract information in-real time, and use it to place a virtual object in it. In some frameworks, objects can become 3D-markers. Vuforia Object Scanner is one such framework, creating object data files that can be used in applications for targets. Virtual Reality Pop offers a great rundown on the best object recognition frameworks for AR.

RFID TAGS

Although RFID Tags are primarily used for short distance wireless communication and contact free payment, they can be used to trigger local-based virtual information.

While RFID Tags are not  widely employed, several researchers have written articles about the potential usages for RFID and AR. Researchers at the ARATLab at the National University of Singapore have combined augmented reality and RFID for the assembly of objects with embedded RFID tags, showing people how to properly assemble the parts, as demonstrated in the video below.

SPEECH MARKERS

Speech can also be used as a non-visual AR marker. The most common application for this would be for AR glasses or a smart windshield that displays information through the screen requested by the user via vocal commands.

CONCLUSION

Think like a user—it’s a staple coda for app developers and no less relevant in crafting AR experiences. Each AR trigger offers unique pros and cons. We hope this has helped you decide what is best equipped for your application.

In our next article, we will explore the innovation at the heart of AIoT, the intersection of AI and the Internet of Things.