Blockchain
POD: The First Database for Metadata
The Public Onchain Database – or POD – is launching today to make working with metaverse data more easy and accessible. POD is a Web3 project that collaborates and manages all metaverse data (metadata) in a single interface for developers, builders, and users.
Because as the metaverse expands, so do challenges in working with data across multiple locations. For the metaverse to scale and decentralized apps to function, there needs to be a reliable third-party data collaboration platform.
POD meets those needs, as the first comprehensive database for metadata. From collaboration tools to robots and automation, POD is creating a rich data ecosystem for metaverse and Web3 users.
The Three Pain Points of Metadata Management
Any object in the metaverse is essentially metadata. An address, identity, transaction, or NFT all comprise forms of metadata.
Here are the three key metadata pain points that POD solves:
Hard to Find
On-chain data are scattered in contracts on different networks. It’s not yet possible for contracts to obtain all data from one single common environment.
Hard to Relate
Due to the non-relational storage, it’s hard to trace the relationship between two entities or associate entities with their metadata.
Hard to Utilize
Each network or app is unique in data transmission methodology. Thus, data from different sources have to be pre-processed before they can work in tandem.
Why People Need a Metadata Database
To solve the problems of current blockchain data, POD was developed as a neutral third-party data middleware, providing key functionalities and developing the full potential of metadata.
Benefits for Data Providers:
- Increase data searchability
- Provide data conformity system
- Empower NFT with infinite expandability
Benefits for Data Consumers:
- Quick access to multi-chain data
- Easy data category definition
- Tags for data management
And these are just a few. With a robust feature set and benefits, POD will make working with metadata more streamlined and efficient for all Web3 metaverse stakeholders.
The Future
POD’s goal is to bring different parties together and establish a collaborative dialogue to inspire the decentralized community. Together, POD can arrive at an agreed-upon data collaboration standard in an organic, bottom-up manner.
Part of POD’s vision is also to drive the establishment of consensus in metadata collaboration, becoming a critical part of Web3 data infrastructure. POD is unlocking the value of blockchain data and networks, propelling the Web3 data collaboration ecosystem to new heights.
The European Union’s landmark MiCA regulation is set to transform the crypto industry, establishing stringent standards that many current Virtual Asset Service Providers may find challenging to meet. As MiCA compliance becomes the standard for operating within the European Economic Area, crypto exchanges and asset companies must take prompt action to align their operations with these comprehensive regulations.
To support businesses in navigating this significant transition, an exclusive webinar “Adapt or Die: The Urgent Shift from VASP to MiCA” will be held on Tuesday, November 19th, 2024, at 5:00 PM (CET) time.
This session is designed to provide industry professionals with practical insights and strategies to ensure their software and operations comply with MiCA standards.
Key highlights of the webinar include:
● Detailed analysis of MiCA regulations and their implications for the crypto sector.
● Actionable steps for software adaptation to achieve MiCA compliance.
● Case study feature: How Kyrrex achieved MiCA readiness using solutions from Simplify Labs.
● Practical tools for Anti-Money Laundering, Know Your Customer processes, cybersecurity, and transaction monitoring.
The webinar will be useful for CEOs, COOs, Compliance Officers, Regulatory and Legal Professionals, Tech Managers, and Investors looking to enter or expand within the EEA market. Attendees will gain the knowledge and tools necessary to adapt and thrive under the new MiCA regulatory framework.
Featured speakers:
Vadim Rozov, CEO at Simplify Labs, brings over 20 years of management and software development experience. Under his leadership, the company is dedicated to simplifying crypto and blockchain technology, making it accessible for non-technical founders and management teams.
Kevin Plumpton, CEO at Kyrrex, is a warranted advocate with extensive expertise in finance, business, property, and international law. He specializes in corporate governance, risk, and compliance legislation, and is a prominent figure in the Anti-Money Laundering and Counter Financing of Terrorism fields. He is recognized for developing innovative KYC and due diligence platforms utilized by leading organizations.
“The crypto industry is at a critical juncture where understanding and adhering to MiCA regulations is essential for continued growth and market access,” said Kevin Plumpton, CEO at Kyrrex. “Events like these are vital for bringing together industry leaders to share knowledge and best practices, ensuring businesses can adapt effectively and sustain their operations.”
Franklin Cachia, Executive Director at CSB Group, is an accomplished professional who advises clients on taxation, financial services, AML compliance, and corporate law, among other areas. His broad expertise also encompasses gaming, GDPR, and property law.
The post Adapt or Die: The Urgent Shift from VASP to MiCA appeared first on .
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