YourStory announces The Metaverse Summit 2023
Read about this week's developments, news, and trends in the Web3 ecosystem.
Announcing The Metaverse Summit 2023
YourStory and The Decrypting Story earlier this week announced The Metaverse Summit 2023, the second edition of India's premier annual tech conference for accelerating adoption of blockchain and Web3 use cases.
The Metaverse Summit 2023 will take place in Bengaluru on January 20, 2023 (Friday).
To foster collaboration between the Web2 and the Web3 worlds, tech conference will connect enterprises, startups, innovators, and financial institutions from both sides, with a focus on boosting India's adoption of blockchain technology.
The key focus areas for this year’s summit are:
- How Web2 Enterprises and Giants can Embrace Web3
- Bringing the Next Billion Users to Web3
- Innovation in Crypto, DeFi, NFTs, Web3 Gaming, Infra, Tooling, and more
- Building a Fair, Shared and User-Owned Metaverse
Tackling fake news with blockchain tech
Mohith Agadi - a digital marketer, SEO specialist and blogger - developed a strict regimen of fact-checking almost everything. It began with ensuring there was no misinformation in his articles.
The problem eventually grew so close to him that he set up a company to fact-check information at scale.
, which he co-founded earlier this year with Co-founder Damodar Kalyan, leverages blockchain technology to build a decentralised fact-checking system and verifiability layer.
Fact Protocol offers the opportunity for any user to become a validator, provided they can perform fact checking accurately. All that is required is following the guidelines to the tee or having experience in the domain.
When someone shares a news article or piece of content, the fact-checkers set out to validate it. This process involves searching the web for reliable sources of information relevant to the piece of content.
After this, the fact-checkers proceed to validate it. Once this is complete, the piece of information is stored on the blockchain, creating a traceable record for anyone to verify.
The founders argue the advantages of a decentralised network also extend to preventing concentration of power, keeping the validation process democratic, eliminating bias, and ensuring full transparency.
Edited by Megha Reddy
