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Angel Investor Mamoudou Toure explain why web3 is taking over
Toure Mamoudou is an Entrepreneur & Angel Investor from the incubator program Startup Studio Online.
Toure codes his first online gaming site at the age of 15, a lover of computers and technology from a young age, he is very interested in new, fast-growing technologies. He invests in Bitcoin very early in 2014, he bets on the growth of this new cryptocurrency destined to one day become the new standard for all future transactions of tomorrow.
Startup Studio began 9 years ago by launching their own apps & transformed them into global phenomena via excellent marketing. After discovering the success roadmap, Startup Studio Online started investing in ideas from entrepreneurs, providing them guidance & expertise of the in-house team to launch their own projects & built a $1 Billion empire. Over 100 apps with millions in revenue & downloads have been successfully launched by Startup Studio in partnership with various founders.
Experienced into the world of Blockchain, Bitcoin & all new emerging technologies related Mr Toure Mamoudou as an investor keep an eye wide open into every single ideas that are disruptive no matter the location in the world as he said “The greatest ideas can come from a village in the middle of nothing but in the heart of the real problems that need to be solved”
In 2022 web 3 is at the center of all the tech entrepreneurs debate, growing fast with the Metaverse, NFT’s & Cryptocurrencies.
People tend to follow the trends and jump into every recent opportunity related to the Blockhain or cryptocurrency without understanding exactly what is all about, the secret to make profit in those growing areas of the tech is patience and timing.
Let’s take a closer look of what it requires to jump on the web 3 safely and to understand its code and market.
Why is the web 3 taking over ?
For tech entrepreneurs, it’s really a logical ascension of those new technologies, for the rest of the world, people seems to be lost in the middle of this ocean of information and trends.
The web 3 is in 2022 one of the best opportunity in the digital revolution or the “Third Industrial Revolution” to be more clear is the shift from mechanical and analogue electronic technology to digital electronics which began in the later half of the 20th century.
Like every revolution is the moment where many people get richer by adapting themselves to the change and investing in the new areas that changing the world, to give an example, we can look at Facebook and the name Meta it now took to adapt to this new emerging world, it’s a major sign from one of the most successful company in the world.
Cryptocurrency
There is now more and more investment pumped into those web 3 technologies, we estimate that Venture Capital’s deployed more than 30 Billion dollars just into crypto startups last year and more than 65 startups have become unicorns (Company that worth more than a Billion dollars) have been built.
The crypto market cap on its own have actually reached by far more than a Trillion $ and that is just on the cryptocurrency side of Web 3.
Metaverse
In the Metaverse we see companies of all sizes like: Adidas, Verizon or Walmart are entering into this sector.
In a document JP Morgan says that the Metaverse will likely infiltrate every sector in some way in the coming years and that the market opportunity is estimated at over 1 trillion, enough for new innovative startups to find their way into this amazing new world.
There are now a few startups, leading the way trough the Metaverse with Decentraland, The Sandbox or Cryptovoxels.
Decentraland is a software running on Etherum that seeks to incentivize a global network of users to operate a shared virtual world. Decentraland users can buy and sell digital real estate, while exploring, interacting and playing games within this virtual world.
Decentraland have raise a total of 25.5 Million dollars, The Sandbox is a game for mobile phones and Microsoft Windows and they have raised a total of $95M, Cryptovexels for its part, is a private company working building a virtual world powered by the Ethereum Blockchain as well where players can buy land and build stores and art galleries.
NFT
For the NFT’s (Non-Fungible Token) the second most popular sector in web 3 after cryptocurrency is a mix of created or “minted” from digital object that include: graphic art, GIFs, Collectibles, Virtual avatars and video game skins, Designer clothes or Music.
Essentially, NFT’s are like physical items, but they are only digital. So instead of getting an actual outfit to keep at home, the buyer gets a digital file instead to wear on his online game avatar.
They also get exclusive ownership rights. NFTs can have only one owner at a time, and their use of blockchain technology makes it easy to verify ownership and transfer tokens between owners. For instance, artists can sign their artwork by including their signature in the file.
NFT it’s a beautiful form of digital art where even a baby with a phone can create a graphic art and put it to sell in Opensea or Rarible.
A CryptoPunk was sold for an astronomic price of $23M, of course, when you see the art itself you imagine that it could be you doing it.
We can see with all that, the web 3 is definitely taking over with all the fundings and different startup has been built this past year, absolutely something to watch closely and many opportunities to not miss, everyone should be able to find their way in this New World.
It Dosent matter if you would like to Build, start-up, If you like to play with cryptocurrency and its volatility, if you love online games and want to build your own city or if you are an artist and want to express yourself online.
Every person should be able to have their chance create something they care about.
Toure Mamoudou is always looking for a curious and innovative entrepreneur like you, looking to disrupt and be part or this incredible revolution that is happening now.
As Head of investment of the Startup Studio incubator you can submit your idea to maybe have this incredible team of entrepreneurs on your side and help you build the next successful unicorn of tomorrow.
Harper Harrison is a reporter for The Hear UP. Harper got an internship at the NPR and worked as a reporter and producer. harper has also worked as a reporter for the Medium. Harper covers health and science for The Hear UP.
