Metaverse & NFTs can entirely change how we think about ownership, identity, and interactivity: Nitin Gupta

Nitin Gupta is a visionary leader passionate about harnessing emerging techs to drive businesses forward. With deep roots in the fintech industry, Nitin has guided WebMob to new heights since its establishment in 2015. Under Nitin’s leadership, WebMob has become a reputed name in fintech, serving esteemed clients across Europe, APAC, and the Middle East. The company has delivered inventive solutions in trade finance, money markets, Islamic finance, game development, asset tokenization, and cryptocurrency, setting new benchmarks in each area. 

 Beyond his role at WebMob, Nitin is a sought-after thought leader known for his insightful perspectives on the intersection of technology and finance. His ability to articulate complex ideas in a relatable way makes him a valuable voice in the industry.

How do you see the role of blockchain technology evolving within the broader context of Web3, and what are some of the most exciting developments you’re seeing in this space?

In the context of Web3, blockchain technology is the skeleton of it. What blockchain brings to the table is true decentralization, where you get to decide what happens with your data and how you monetize it. Web3 is incomplete without blockchain, and it’s the truth that no one can ignore. Now, for nearly a decade, I’ve witnessed multiple projects within the blockchain industry, and I find decentralized finance (DeFi) to be the most fascinating. The interoperability across various chains and the advancements in privacy-focused finance solutions are remarkable. DeFi is something that I believe to be the most intriguing development in the Web3 space.

What do you believe are the key challenges currently facing the Web3 and blockchain industries, and how can companies like WebMob Software Solutions address these challenges? 

You see, the Web3 industry is still in the early stage, but if you ask me about the persisting issue, then it’s building scalable solutions in blockchain & the need for an expert opinion. For nearly a decade, I have witnessed multiple ventures struggle with the mainstream adoption of blockchain technology, and at Webmob, our primary goal remains to address this issue. As a blockchain development firm, we build scalable blockchain solutions for our clients to ensure they always get the best-in-class software solutions that meet their expectations and sustain their vision for the future.  

In your opinion, what are the most critical factors that will drive mainstream adoption of Web3 technologies?

Simplified usage and real-world benefits, I think that’s what Web3’s mainstream adoption should be about. It’s like how information on the Internet is managed, monetized, and controlled. More than going mainstream, the public should be aware of the benefits of Web3 and get some tangible value over the existing Internet. You know what they say: a happy user is a loyal user, and nothing is more important than delivering the best experience to them. Web3 must focus on that if it needs to be publicly accepted.

With the rise of NFTs and the metaverse, how do you see these technologies influencing the future of Web3, and what role do you see your company playing in this evolution?

Metaverse & NFTs are the two pieces of technology that can entirely change how we think about ownership, identity, and interactivity in the digital world. Besides being a trend and hype among enthusiasts, these technologies are essential components of Web3’s future. I am saying so because you get to experience a new kind of internet where you control your creation and identities. Be what you want to be, create whatever you like, and trade them at your convenience; it’s all applicable in Web3. Webmob has worked on numerous projects on NFTs and Metaverse to empower creators, brands, and consumers alike. Our goal in Web3 remains the same, i.e., to create secure & scalable solutions that will allow seamless interaction between these technologies and everyday applications, setting the path for mass adoption.

What role do you think interoperability between different blockchain networks plays in the future of Web3, and how is your company contributing to this area?

The core existence of Web3 depends on the hands of interoperability. Think about it: a free form of the internet where you can exchange assets and data seamlessly across diverse blockchain networks. We shouldn’t worry about which blockchain we use to hold our assets. With the push of a button, you can buy an asset and transfer it to your blockchain without hassle. That’s the importance of interoperability in Web3. Our team at Webmob builds innovative cross-chain solutions, allowing assets and information to move freely between networks. Several of our projects focus on creating bridges and protocols to offer users a unified experience of Web3 across multiple platforms, propelling the interoperability feature forward.

Looking ahead, what do you think will be the next big breakthrough in blockchain technology that could significantly impact the Web3 space?

Blockchain technology is already breaking boundaries and is more than just hype. Prominent enterprises are utilizing this fine piece of technology to build a better and more secure version of the next-gen web. AI-integrated blockchain technology will be the next big breakthrough. The technology is in its early stage, but innovation always leads to progress. Our team is actively experimenting and working on intelligent models that can operate on decentralized infrastructure, building a smarter & better Web3 ecosystem for every user.

It’s a wrap-up

Web3 and blockchain are two sides of the same coin, representing a complete reimagination of how we connect, create, and collaborate in the digital world. At WebMob, our foundation is built on trust and transparency, allowing you to experience the best of both worlds without concern for the future—because we don’t just envision the future, we create it for you.