Overview

This book offers a comprehensive exploration of the transformative potential of Web3 and the metaverse, enabling entrepreneurs to harness the power of tokenization for the future. Delving into the core concepts and real-world applications, this book provides invaluable insights into the rapidly evolving landscape of decentralized technologies and virtual worlds. The main topics include an introduction to Web3 and the metaverse, the role of blockchain and cryptocurrencies, the significance of decentralized finance (DeFi), non-fungible tokens (NFTs), and the emergence of virtual economies. By examining how these innovations are disrupting traditional business models and reshaping industries, the book elucidates their relevance and importance in today's world. This comprehensive guide also features case studies from leading enablers and users, showcasing successful implementations and revealing the challenges and opportunities associated with this new paradigm. The book aims to equip professional entrepreneurs with the knowledge and strategies necessary to navigate the complex world of Web3 and the metaverse, ultimately leveraging tokenization to drive growth and innovation in their businesses. The target audience for this book includes professional entrepreneurs, business leaders, and anyone interested in understanding and participating in the rapidly evolving digital landscape.

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9783031914041

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Author Information

Wolfgang Prinz, Ph.D., is a professor at RWTH Aachen University and, as the deputy director of the Fraunhofer Institute for Digital Innovation and Technology (FIT), heads the Cooperation Systems department. He investigates the challenges and opportunities of digitalization and develops solutions based on Web3 technologies, mixed reality, and 5G. As a co-founder of the Fraunhofer Blockchain Lab and head of the Blockchain Reallabor Rhineland, he focuses on blockchain-based applications. As a chairman of the Institute of Emerging Technologies (IDiTech), he is currently initiating digitalization projects and supporting their scientific monitoring.  Daniel Trauth is committed to a better and more sustainable future through the Web3 transformation of the status quo and the development of digital disruptions. As a consultant and coach, he accompanies clients on their journey to their own new business model, sustainable solutions, and innovative Web3 concepts. Daniel Trauth is also a serial entrepreneur for sustainable, industrial IoT, and green blockchain solutions, as well as a lecturer in digital business. In the Blockchain Reallabor Rhineland, he develops innovative Web3 solutions with clients. He received his doctorate from RWTH Aachen University, studied both mechanical engineering and business administration, and completed an apprenticeship as a mechatronics engineer. He founded his first IT company at the age of 18.

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