Locus Chain and Creta Unveil Ambitious Web3 Vision at High-Profile New York Event
October 17th, 2024 3:00 PM
By: Newsworthy Staff
Locus Chain and Creta presented their blockchain and Web3 gaming technologies to global business leaders in New York, garnering support for a $1 billion ecosystem fund and partnerships to address AI challenges and revolutionize online gaming.
In a significant gathering of global business leaders and technology innovators, blockchain company Locus Chain and Web3 gaming platform Creta showcased their groundbreaking technologies and ambitious vision for the future of decentralized networks and digital entertainment. The event, hosted by Lloyds Capital in New York City on September 25, 2024, brought together prominent figures from finance, technology, and entertainment to explore the potential of these emerging platforms.
The presentations by Locus Chain and Creta executives highlighted the transformative potential of their technologies in addressing critical challenges in the AI and gaming industries. Dr. Young-bae Moon, Vice President of Bloom Technology, emphasized the crucial role that high-performance blockchains like Locus Chain could play in managing AI-generated data and mitigating risks associated with artificial intelligence. This proposition garnered significant interest from attendees concerned about the societal implications of AI advancement.
Thomas Vu, former Executive Producer of League of Legends and newly appointed Chief Innovative Officer of Creta, introduced the concept of a 'multiverse' and 'superclub' as next-generation community models. These ideas, coupled with Creta's plans to leverage AI for simplified content development, paint a picture of a future where the lines between content creators and consumers are increasingly blurred.
The event also saw the announcement of a strategic partnership between Locus Chain, Creta, and Lloyds Capital to establish a $1 billion ecosystem fund. This substantial investment signals strong confidence in the potential of these technologies to reshape digital landscapes and create new economic opportunities.
Mike Pompeo, Chairman of Lloyds Capital and former U.S. Secretary of State, expressed enthusiasm for the partnership, stating, 'As we pave the way for the next generation of future industries, I have high expectations for Locus Chain and Creta as the key technologies and platforms that will help us overcome the challenges ahead.'
The collaboration extends beyond financial backing, with major global entities such as SK Group, Naver, Republic, and AllianceBernstein exploring potential partnerships. These alliances could significantly accelerate the adoption and integration of Locus Chain and Creta's technologies across various sectors.
Of particular note is the interest shown by United Nations representatives in the GiveFy project, a collaboration between Naver HappyBean, One Humanity, and Bloom Technology. This initiative aims to create a global donation ecosystem leveraging blockchain technology, potentially revolutionizing charitable giving and social impact initiatives.
The presentations also addressed the technical innovations behind these platforms. Locus Chain's Dynamic Sharding and Verifiable Pruning technologies promise to solve long-standing issues of scalability and accessibility in blockchain networks. Meanwhile, Creta's integration of AI in content creation and its novel approach to intellectual property management could redefine how digital entertainment is produced and consumed.
As the event concluded, it was clear that Locus Chain and Creta had succeeded in positioning themselves at the forefront of the Web3 revolution. Their vision of a more decentralized, accessible, and creative digital future resonated with the assembled leaders, potentially paving the way for widespread adoption and integration of these technologies across multiple industries.
The implications of this event extend far beyond the immediate partnerships and investments announced. If successful, the technologies presented by Locus Chain and Creta could fundamentally alter how we interact with digital systems, from financial transactions and data management to entertainment and social connections. As these platforms continue to develop and integrate with existing systems, they may well play a crucial role in shaping the digital landscape of the coming decades.
Source Statement
This news article relied primarily on a press release disributed by BlockchainWire. You can read the source press release here,
