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Why Puma is sticking to its web3 bets as crypto shakes off a long-held winter

cryptoinfo-now.com by cryptoinfo-now.com
3 January 2024
in Cryptocurrecy
0
Why Puma is sticking to its web3 bets as crypto shakes off a long-held winter

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Whereas some manufacturers moved away from web3 in 2023 throughout an extended crypto winter, Puma stayed the course and its head of rising expertise Ivan Dashkov instructed TechCrunch+ it has no intentions of leaving.

After two years working with web3, Puma’s tech revenues stay modest, however the sportswear producer intends to be prepared for a extra crypto-friendly future. “Web3 is an enormous shift in how individuals use the web,” Dashkov mentioned. Such adjustments to how the web is used can result in landscape-shifts for manufacturers, one thing that Puma is greater than conscious of.

The corporate “missed the boat” on the large e-commerce and social media waves that occurred previously few many years, so it needs to be early on this area, Dashkov defined. “We don’t suppose the best way the area exists at the moment might be what it appears like in 4 or 5 years, however we wish to be prepared.”

In February 2022, Puma registered its first Ethereum Title Service (ENS) area, as Puma.eth. ENS domains are standard amongst Ethereum customers who wish to have accessible addresses, often associated to themselves or a model, as a substitute of copying and pasting a string of randomly generated letters and numbers.

In June 2023, Puma launched Black Station and Black Station 2, which its website refers to as “experimental 3D spatial playground,” which is plenty of phrases to principally describe a metaverse. I examined out the entry web page and located it to be a bit sluggish and complicated (disclaimer: I’m not an enormous gamer, so possibly I’m lacking the purpose, however I think about not all Puma followers are both.) Regardless, its metaverse goals to supply customers with a special solution to work together with the model, Dashkov mentioned.

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