On the Path to Reimagining Ownership
Busy Building Versus Talking… A Long Overdue Hello
Some say bear markets are for building. We embraced that in 2023 and kept on building! So much so that we haven’t been sharing enough about our progress. Our venture studio is firing on all cylinders, and we believe we’ve been communicating through our work rather than just our thesis.
The bull market brought more liquidity, mainstream adoption, and enthusiasm to Web3 and crypto. This momentum validates our purpose: to reimagine ownership.
When we founded Metaversal in 2021, we envisioned a future where IP and creative ownership models would change for the better. In 2024, we still hold that belief, extending our core thesis to encompass various forms of ownership. Blockchain remains a powerful concept and technology to help more people own valuable assets, their personal data, and a greater share of their creative IP.
We will share more thoughts on how this next wave of crypto and Web3 will impact ownership for millions of people. How art business models are changing ( again ) and what we can do to help people stay informed and own their financial future.
In the meantime - an update on all things Metaversal! 👇
Introducing Medallion
In today's rapidly evolving tech landscape, the surge of misinformation and misrepresentation is out of control. As artificial intelligence becomes increasingly sophisticated, our society is inching closer to a reality where trust is scarce and skepticism is the norm. We’re giving up our data and we lose more than we gain.
At Metaversal, we’re working to create a world where technology elevates and protects our lives without requiring us to relinquish control. We’re envisioning a future where you’re rewarded for sharing and you can trust.
In line with these values, we're thrilled to announce the launch of Metaversal's latest Web3 innovation—the Medallion Network.
This initiative represents our commitment to empowering individuals with transparency and control over their digital interactions. We invite you to join our exclusive beta testing program and be part of a movement that restores trust and integrity in our digital world.
TL;DR
What is the Medallion Network?
Medallion is transforming how achievements are recognized, verified, and shared across the globe. Utilizing a decentralized, open source, blockchain-based system, Medallion ensures that your credentials are secure, immutable, and verifiable from anywhere at any time, and connects you with like-minded achievers.
Why Medallion?
Inspired by the personal experiences of our CEO, Yossi Hasson, who faced significant challenges in credential verification after relocating from South Africa to the United States, Medallion was born out of a need to modernize and unify the global credentialing system. In today's era, dominated increasingly by artificial intelligence, Medallion also addresses critical issues such as the proliferation of fake credentials and deep fakes, bolstering the integrity of documented achievements.
Benefits for All Stakeholders
Issuers: Automated verification, community engagement, wide distribution on social platforms, and control over privacy settings.
Achievers: Opportunity to set and achieve goals, earn rewards, share successes, and grow within the Medallion network.
Who Can Use Medallion?
Education: Schools and universities can issue verifiable digital badges for academic and extracurricular achievements.
Corporate: Companies can recognize and reward employee achievements and education efforts.
Sports: Organizations can issue verifiable badges for coaching certifications and achievements.
Communities: Small or big groups can reward the participation of their members and offer them perks and benefits, keeping them engaged.
What’s next?
Designed as an open-source ecosystem, Medallion will invite developers to build their applications, leveraging our protocol.
As a beta tester, you'll play a pivotal role in shaping the future of the Medallion Network. The beta program spans two months, during which you can provide invaluable feedback and connect with a network of forward-thinking participants. At the conclusion of the beta phase, you'll gain free access to the platform for you and your community for the next two years.
Are you ready to claim your first Medallion and lead the future of digital credentials?
The Lumen Prize
When you know, you just know. In 2023, we began our journey with the Lumen Prize, collaborating to establish the world’s first generative art prize and embracing a philanthropic role to support the Prize comprehensively. After a year of partnership, it became clear how our technological expertise combined with their vibrant artist community could bring impactful and influential art to a broader audience. After many discussions and countless cups of coffee, we committed to supporting Lumen long-term. We are thrilled to be part of this exciting growth story.
The Lumen Prize, is a global leader in recognizing excellence in technology-driven creativity. For over a decade, The Lumen Prize has been a trailblazer in the digital art landscape, awarding over $100k in prizes and supporting the careers of gifted artists worldwide.
Lumen’s weekly newsletter highlights innovative topics and the latest developments within a dynamic artist community. With a prestigious jury and international selection committee comprising experts from the world's leading art institutions, The Lumen Prize offers unique opportunities for artists pushing the boundaries of visual expression at the intersection of art and technology.
Stay tuned for more Lumen innovation as we build new art commercial models at the application layer and challenge traditional thinking with a new physical experience.
📣 Calling All Digital Artists: Apply Now! 📣
The 2024 Lumen Prize is now accepting submissions until May 25th. This is an opportunity to showcase innovative work, gain global recognition, and join an exclusive community of pioneering artists.
✨ 5 Categories to enter
🏆 9 Awards to win
💸 $18,000 total prize fund
Subscribe to stay informed about the latest news, trends, and groundbreaking works from the forefront of the digital art world, and apply to the 2024 Lumen Prize before May 25th to be part of this exciting community of innovative artists. Don't miss out – join today! 👇
Until next time… keep building 🫡
Decentrally Yours,
Metaversal
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