Unlock the future of digital ecosystems with Tim Tello, the trailblazing CEO of 3thix, who joins us to unravel the transformative potential of Web3 gaming and ethical data ownership.
Discover how Tim spearheaded the creation of the first SEC-approved blockchain token and is revolutionizing the gaming industry with blockchain technology. We promise you'll gain insights into how this technology empowers users, offering a fair and transparent model for monetization, while dismantling the traditional hold of tech giants on personal data. This episode is a must-listen for anyone keen on understanding the ethical shifts and opportunities waiting to be tapped in the Web3 landscape.
Explore the seismic shifts in data ownership and control that are setting the stage for a digital age where users hold the power. We discuss the critical need to simplify Web3 technology for it to pass the "mom test," making it as intuitive as beloved platforms like Roblox. Hear about the exhilarating convergence of Web2 and Web3 that could redefine the gaming sector by 2030 and beyond, eliminating speculative players and ensuring a fairer playing field. With our own insights into blockchain patents and custodial wallets, we paint a vivid picture of a future where decentralization and data democratization are no longer just buzzwords, but the bedrock of business success.
Exploring Ethical Web3 Gaming with Tim Tello
As the host of the Web3 CMO Stories podcast, I had the distinct pleasure of interviewing Timothy Tello, the CEO of 3thix. It was an enlightening conversation that delved into the transformative potential of Web3, particularly in the gaming space. Tim’s insights into data ownership, ethical advertising, and the future of gaming were truly inspiring.
Tim began by sharing his journey into the Web3 realm, highlighting his early investments in platforms like Polygon and Avalanche. His passion for gaming and blockchain convergence led to the creation of the first-ever SEC-approved blockchain token, which sets a significant precedent for trust and security in the industry. He emphasized that the blockchain can empower individuals to reclaim their data and be compensated for their engagement, contrasting sharply with traditional models where tech giants profit from user data without any form of compensation.
One of the key themes of our discussion was the importance of ethical principles in Web3 gaming. Tim articulated the need for ownership, decentralization, and fair value distribution. He envisioned a future where players not only own their in-game assets but are also rewarded for their time and engagement through token economies. This shift is not merely a trend; it represents a fundamental change in how we perceive value in the digital realm.
We also touched upon the challenges faced by mobile gaming and how blockchain technology can offer innovative solutions. Tim pointed out that the majority of advertising revenue comes from data exploitation, which often leads to inflated costs for consumers. However, by utilizing blockchain, we can create a system where players receive direct compensation for the ads they engage with, fundamentally reshaping the advertising landscape.
Tim's vision for the future of gaming is both exciting and ambitious. With projections indicating a potential surge of gamers to 8 billion by 2030, the opportunities for innovation are vast. He highlighted the need for user-friendly interfaces and custodianship to simplify the onboarding process and drive adoption, ensuring that the technology works seamlessly for users.
In closing, my conversation with Tim Tello reaffirmated the importance of ethical considerations in the rapidly evolving Web3 landscape. By prioritizing user empowerment, decentralization, and compliance, we can create a vibrant ecosystem that values individuals and their contributions. It was an inspiring discussion, and I look forward to seeing how these ideas continue to shape the future of gaming.
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To learn more about Tim Tello and his work at 3thix, be sure to check out his socials and stay tuned for more insights on the Web3 CMO Stories Podcast.
Tim Tello, CEO of 3thix
KEY HIGHLIGHTS
[01:00] Can you share your journey into Web3 and what led you to found 3thix?
[02:23] What inspired your focus on ethics in Web3, and why is it more critical now than ever?
[04:26] What key Web3 principles can help address ethical issues like data ownership and fair ad revenue in gaming?
[05:56] Can you explain the significance of creating the first SEC-approved blockchain token and how it impacts trust and security in Web3?
[08:34] What are the main problems you're addressing with your products?
[10:48] What role does data protection play in your vision, especially considering Web3's focus on data ownership?
[12:45] You mentioned authoring some patents—could you share more about that?
[15:30] How much time do you think we need for advancements in AR, VR, and Web3?
[16:49] What are you most excited about right now, or what’s coming up that you're especially passionate about?
[19:02] What impact do you see AI having on your business and Web3 gaming, and how do you think it's all evolving?
[20:16] What advice would you give to those looking to build ethical businesses in Web3?
[22:05] Where do you get all your wisdom from? Are you surrounded by a great team, like in mastermind, or attending events?
NOTABLE QUOTES
“Data is your online essence, it's your aura and they're stealing it from you in order to make themselves rich. That's why Mark Zuckerberg and Jeff Bezos and all these people are the wealthiest people in the world.”
“3thics is all about giving it back to those people. It's your time, you consumed it, you should get rewarded for it.”
“Essentially, you should own your data. I think that's a core belief in the blockchain space.”
“The point of the blockchain is to diversify wealth and create a system of financial structure that is universal for everybody.”
“No one cares how the Internet works. They just care that it works.”
MENTIONED RESOURCES
3thix: https://3thix.com/
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