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How to Create your own virtual chatbot like ChatGPT

Imagine building an AI chatbot like ChatGPT for your own website or business!

ChatGPT is a revolutionary bot powered by Artificial Intelligence. The amazing thing about ChatGPT is that you can have natural conversations with it.
This was not possible until now with other bots. Any bot which came before ChatGPT did not have the capability to initiate human-like natural conversations. They all seemed robotic and had a machine tone in their answers.

But ChatGPT has completely changed the game for AI bots. Credit to huge data training, it has the answers to all your queries. Its developers say that it’s still in the training phase. Imagine what it could do when fully trained and developed.

That is why when ChatGPT was launched, the world went gaga over it. Everyone was praising its efficiencies and capabilities. Some even claimed that it could take away the jobs of programmers, developers and writers due to its accuracy.

However, there is one setback with ChatGPT. As it is trained on a large database, sometimes it’s biased and inaccurate.

But if you train a smart bot like ChatGPT on specific data, it could unfurl magic. For example, if you train ChatGPT on your customer data, it will give amazing output. The finetuning of ChatGPT on your business specific customer data will reduce errors. Moreover, it will also increase the quality and accuracy of the answers.

Wondering how you can build an AI bot like ChatGPT?

Here is a step-by-step guide to building your own bot like ChatGPT.

How To Build A ChatGPT Like Chatbot For Your Website?

You can build a chatbot like ChatGPT with expertise in programming, language processing, machine learning and artificial intelligence.

The tutorial will furnish you with a step-by-step blueprint for building an AI chatbot using Python that can comprehend and reply to natural language input.

Working of_AI

Before we proceed, here are some essentials for constructing an AI like ChatGPT:

  • Fundamental knowledge of Python programming
  • Familiarity with machine learning and deep learning principles
  • A grasp of natural language processing

Step 1 – Install Required Library

Before we start, you will need to install the following libraries.

  • TensorFlow
  • Keras
  • Natural Language Toolkit (NLTK)
  • Scikit-learn
  • NumPy
  • Pandas

After installing the libraries, run the below command on your computer:

pip install tensorflow keras nltk scikit-learn numpy pandas

Step 2- Gather Training Data

The next step is to gather data to train your AI bot. You can use any data such as social media conversations, customer chat logs, feedback and more.

The data set you choose will be used to train the machine learning program. Therefore, the bot will give output according to the data fed.

Step 3- Preprocess The Data

After obtaining your data, the subsequent step is to preprocess it to make it appropriate for machine learning purposes. This involves purifying the data, tokenizing it, and transforming it into a format that our machine learning model can interpret.

The following are the procedures for preprocessing your data:

  • Import the data into a Pandas dataframe
  • Purify the text data by eliminating undesired characters, symbols, or punctuations
  • Tokenize the text data into individual words or phrases
  • Transform the text data into a numerical format that can be utilized for machine learning
  • To execute text preprocessing, NLTK can be utilized. Below is a sample code for text preprocessing:

After installing the libraries, run the below command on your computer:

pip install tensorflow keras nltk scikit-learn numpy pandas

import nltk

from nltk.tokenizeimport word_tokenize

# Load data into a Pandas dataframe

data = pd.read_csv (‘path/to/data.csv’)

# Clean data by removing unwanted characters, symbols, and punctuation marks

data[‘text’] = data[‘text’].str.replace(‘[^a-zA-Z0-9\s]’, ”)

# Tokenize text data into individual words

data[‘text’] = data[‘text’].apply (lambda x: word_tokenize(x))

# Convert text data into a numerical format using one-hot encoding

from keras.preprocessing.textimport Tokenizer

from keras.utilsimport to_categorical

tokenizer = Tokenizer()

tokenizer.fit_on_texts(data[‘text’])

# Convert text data into sequences of integers

sequences = tokenizer.texts_to_sequences(data[‘text’])

# Convert sequences into a matrix of one-hot vectors

one_hot_matrix = to_categorical(sequences)

Step 4 – Build The Model

After you have preprocessed your data, you can start building your model. Here we will be using Seq2Seq model which is a deep learning model.

Have a look at the sample code to build Seq2Seq model in Keras:

fromkeras.layersimport Input, LSTM, Dense

fromkeras.modelsimport Model

# Define the model architecture

encoder_inputs = Input(shape=(None, input_dim))

encoder = LSTM(hidden_dim, dropout=0.2, return_state=True)

encoder_outputs, state_h, state_c = encoder(encoder_inputs)

decoder_inputs = Input(shape=(None, output_dim))

decoder = LSTM(hidden_dim, dropout=0.2, return_sequences=True, return_state=True)

decoder_outputs, _, _ = decoder(decoder_inputs, initial_state=[state_h, state_c])

dense = Dense(output_dim, activation=‘softmax’)

output = dense(decoder_outputs)

model = Model([encoder_inputs, decoder_inputs], output)

#Compile the model

model.compile(optimizer=‘rmsprop’, loss=‘categorical_crossentropy’, metrics=[‘accuracy’])

Step 5- Train the model

After you have built the model, now you can use the preprocessed data to tarin your model or bot.

Yu can use the fit method in Keras for bot training. To help you out, here is a sample code to use to train your bot.

# Train the modelmodel.fit([encoder_input_data, decoder_input_data], decoder_target_data, batch_size=batch_size, epochs=epochs, validation_split=0.2)

Step 6 – Test the Model

It is very important to test your model or bot before launching it. Testing your model will help you identify the errors and find ways to resolve it.

Feed some input or queries into your model and see how it responds.

You can use the below sample code to test your AI model.

# Define the encoder model to get the initial statesencoder_model = Model(encoder_inputs, [state_h, state_c])

# Define the decoder model to get the output sequence

decoder_state_input_h = Input(shape=(hidden_dim,))
decoder_state_input_c = Input(shape=(hidden_dim,))
decoder_states_inputs = [decoder_state_input_h, decoder_state_input_c]
decoder_outputs, state_h, state_c = decoder(decoder_inputs, initial_state=decoder_states_inputs)
decoder_states = [state_h, state_c]
decoder_outputs = dense(decoder_outputs)
decoder_model = Model([decoder_inputs] + decoder_states_inputs, [decoder_outputs] + decoder_states)

# Generate a response for a given input sequence

def generate_response(input_sequence):

input_sequence = input_sequence.reshape(1, input_sequence.shape[0], input_sequence.shape[1])

initial_states = encoder_model.predict(input_sequence)
target_sequence = np.zeros((1, 1, output_dim))
target_sequence[0, 0, target_token_index[]] = 1

stop_condition = False

decoded_sequence =

while not stop_condition:

output_tokens, h, c = decoder_model.predict([target_sequence] + initial_states)
sampled_token_index = np.argmax(output_tokens[0, -1, :])
sampled_token = reverse_target_token_index[sampled_token_index]
decoded_sequence += ‘ ‘ + sampled_token
if (sampled_token == ” or len(decoded_sequence) > max_decoder_seq_length):
stop_condition = True
target_sequence = np.zeros((1, 1, output_dim))
target_sequence[0, 0, sampled_token_index] = 1
initial_states = [h, c]
return decoded_sequence

Additional Tips To Enhance The Efficiency Of Your Chatbot

To further improve the performance and features of your chatbot solution, you can experiment with various approaches. Here are some suggestions:

  • Use more training data: Incorporating more data into the training dataset can enhance the effectiveness of the chatbot. A sizable dataset with a substantial number of intents can result in a more potent chatbot solution.
  • Apply diverse NLP techniques: You can integrate other NLP techniques into your chatbot solution, such as NER (Named Entity Recognition), to add more features. By having a NER model in conjunction with your chatbot, you can easily identify any entities that appeared in user chat messages and employ them for further conversations. You can also add a Sentiment Analysis model to identify different sentiment tones in user messages, which can lend additional depth to your chatbot.
  • Experiment with different neural network architectures: You can explore alternative neural network architectures with varying hyperparameters.
  • Include emojis: YIncorporating emojis into your models is another factor to consider while developing your chatbot.

Conclusion

To build a ChatGPT like chatbot, you need skilled developers who are experts in AI, ML, deep learning, coding, language processing, Python and more. Only experienced developers with certified experience in building AI chatbots can build robust and efficient virtual chatbots.

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If you are looking to build your own chatbot like ChatGPT for your website, contact our experts.

We will help you build a secure and highly functional chatbot that imparts 100% accuracy and excellence. Our team has qualified and experienced developers with proficiency in Artificial intelligence, Machine Learning, Deep Learning and programming languages.

Get on the wave of AI bots with your own customized chatbot!

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Top Metaverse Development Companies in 2023

Metaverse, a fictional concept, is now the hottest sensation in the digital realm. Metaverse is a virtual world that replicates real world elements and experiences.
Though the metaverse seems like a fantasy world where you can play games, attend concerts and interact with people, it’s much more than that.
Businesses today are leveraging the power of the metaverse to boost their profitability. So, what are businesses doing in the metaverse?
Firstly, companies are using the metaverse to market their brand and products. Secondly, businesses are launching metaverse spaces for customers to enjoy various exciting activities. Thirdly, they are also releasing branded NFTs and digital products and opening virtual stores.
To sum up, businesses are using metaverse to enhance their customer experience, engage and retain their customers in a creative way and boost profitability.
Currently, the metaverse market is worth over $38 billion. The experts predict that it will grow at a rate of 13.1%. moreover, Bloomberg reports show that the metaverse revenue opportunity will reach $800 billion in 2024.
Did you know that over 30% of global companies will invest in products and services to enter the metaverse?
It’s high time that you should also make your business future ready with metaverse development services.
There are several competent metaverse development companies offering their commendable services to help you tap into the metaverse space with an innovative product.

Launch you Metaverse Today!. Request Quotes From Top Metaverse Development Companies.

Hire a Metaverse Developers

How Can You Select The Right Metaverse Development Company?

It’s not difficult to find the right metaverse development company. Still, people fail to select a suitable company which affects their project.
Here are a few things that you should consider while hiring the best metaverse development company.

  • What is the team size of the company?
  • Do they have experienced blockchain developers?
  • Are their developers proficient in the metaverse and blockchain tools?
  • What are all the metaverse projects they have worked on?
  • What is the cost of their metaverse development services?
  • What is their project development process?
  • Which companies they have worked with?
  • Which industries do they specialize in?

By the time you answer these questions, you will find the best metaverse company for your project.

Top 10 Metaverse Development Companies

Blocktech Brew

Blocktech Brew is the leading metaverse development company helping enterprises build robust metaverse platforms. Their metaverse development services aid businesses in designing and developing innovative metaverse platforms and products that will scale their business value.
With Blocktech Brew’s metaverse services, you can build 3D avatars, metaverse decentralized platforms, metaverse rental spaces, social media platforms and metaverse 3D spaces. Further, they also provide high end metaverse app development services and metaverse NFT development solutions. Their core expertise lies in building custom metaverse spaces for real estate, fashion, tourism, events and more.
With 100+ blockchain projects delivered the company is gradually becoming the top preference of leading businesses for web3 development services.
In addition to metaverse development services, Blocktech Brew also offers enterprise blockchain development services, NFT development solutions, Wallet development, crypto coin development, web3 game development services and more.
Price: $25-$50/hr
Team: 50 – 200
Founded in: 2013
Location: India, USA, UK, UAE

Metavesal

Metavesal is an enterprise-focused company that provides metaverse-as-a-service. It offers pre-made metaverse spaces that can be rented for virtual meetings, events, conferences, NFT exhibitions, product launches, and e-commerce purposes. The available spaces can accommodate different numbers of visitors, ranging from 50 for the cosy meeting space to 200 for the music concert space.
The service is designed for businesses and enterprises that want to host virtual events without having to create their own metaverse projects. Metavesal provides a hyper-realistic visual experience, real-time communication, 3D spaces, and avatars that can be personalized to create unique virtual experiences. There are nine different spaces available, including an e-commerce space, music concert space, auditorium space, office space, NFT art gallery space, NFT exhibition island space, NFT exhibition space, product launch space, and cosy meeting space.
Price: $25 – $50
Team: 11 – 50
Founded in: 2021
Location: United States

Spatial

Spatial is a metaverse company established in 2016 that assists creators and brands in developing their own metaverse spaces. It offers extensive features for workplace collaboration and enables users to build custom metaverse worlds from scratch. Users can design and add various features like geographical landmarks, animal and plant life, climate and weather assets, or anything else they can imagine to make their creations realistic.
Spatial metaverse can be utilized for a variety of purposes, including hosting events for real estate and NFTs, meetings, office environments, or recreational activities. The developed public space can accommodate up to 50 people. Users can also monetize their 3D virtual space by minting it as NFTs or selling/renting it to others for passive income.
Price: $25 – $50/hr
Team: 250 – 999
Founded in: 2012
Location: United States

INORU

Inoru is a Web3 development company that provides blockchain development services, including NFT marketplaces, DeFi platforms, and white-label wallet development. With over 12 years of experience and 250+ accomplished projects, Inoru offers diverse blockchain development services for industries such as supply chain, manufacturing, healthcare, and finance.
Inoru has an innovative team of over 150 members who are experts in developing metaverse platforms. They offer several metaverse services, including DeFi and DAO development, integrated metaverse services, gaming development, decentralized trading marketplaces, social media platforms, and e-commerce services. They can also develop market-ready metaverse projects through market research, requirement analysis, collections, collectible ability, program and functionality development, and digital smart contract creation.
Price: $25/hr
Team: 250 – 999
Founded in: 2006
Location: Japan

Accenture

Accenture is a leading company in web3 and metaverse-related technologies with almost 15 years of experience. It offers a range of metaverse services and solutions that businesses can utilize to build advanced web3 solutions like NFT marketplaces, blockchain development, extended reality, 3D commerce, and metaverse development. Accenture can adapt its solutions to meet specific project requirements.
With over 600 patents and a team of over 800 skilled professionals, Accenture has the expertise to assist businesses on their customized metaverse journey.
Price: $200,000
Team: 10,000
Founded in: 2010
Location: Grand Canal Harbour

Zensar Technologies

Zensar Technologies is a leading metaverse company that offers metaverse solutions to enhance digital experiences through AR/VR integrated services. Its team of metaverse developers assists clients looking to integrate virtual content and ventures into the real world by providing the necessary tools and support. Zensar provides services to all types of businesses, from startups to large enterprises.
Zensar operates, manages, and optimizes IT infrastructure to achieve the best possible business outcomes. Its latest and biggest milestones in digital business include advanced analytics, data science solutions, and AI for code. The company aims to build metaverse experiences that are fit for the future. Zensar has worked with businesses in various industries, including banking, retail, insurance, finance, and tech manufacturing.
Price: $25 – $50/hr
Team: 5000 – 10,000
Founded in: 2001
Location: Pune, India

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PixelPlex

PixelPlex, headquartered in New York, is a leading metaverse company in 2022. The company’s experts help build metaverse platforms with advanced features and functionalities to provide an immersive experience for users worldwide. The metaverse software development team at PixelPlex uses advanced technologies such as blockchain, NFTs, augmented reality, virtual reality, and more to design and develop metaverse platforms. The company offers services to all types of businesses, including startups and large businesses.
PixelPlex has an expert team of developers and designers who have worked with advanced technologies like AR, virtual reality, blockchain, NFTs, and much more. The company builds metaverse platforms with feature-rich attributes and functionalities to provide an immersive experience for users. PixelPlex offers metaverse solutions to all types of businesses, including emerging startups and large businesses.
Price: $25 – $50/hr
Team: 51 – 200
Founded in: 2007
Location: New York, USA

Hyperlink Infosystem

Hyperlink Info System is a prominent metaverse company headquartered in India, with offices in the US, UK, and UAE. The company offers decentralized space development for gaming, socializing, and trading, along with the integration of various APIs, data, and ecosystem tools to provide a feature-rich and exceptional user experience. With over 650 professionals, Hyperlink Info System is one of the top metaverse tech companies that always uses the latest technologies to build solutions that provide maximum ROI to their clients.
Price: $25 – $50/hr
Team: 500 – 1000
Founded in: 2011
Location: Gujarat, India

Unicsoft

Unicsoft is a metaverse software development company with over five years of experience in blockchain technology, AR, and VR. They specialize in building feature-rich metaverse components such as 3D virtual spaces, NFT marketplaces, applications, and decentralized platforms. Their experts not only maintain the project but also resolve any compatibility issues at any stage of the project lifecycle. Additionally, they help startups reduce time to market (TTM) by developing minimum viable products (MVPs) for metaverse products and services. Unicsoft claims to have the technical expertise to build platforms with feature-rich components for metaverse apps, NFT marketplaces, virtual spaces, and decentralized platforms, and they take pride in their ability to reduce TTM by testing different hypotheses.
Price: $50-$100/hr
Team: 51-200
Founded in: 2005
Location: London, UK

Aetsoft

Since 2014, Aetsoft has been providing business automation services to enterprises by delivering blockchain and digital transformation products. They offer various blockchain development services such as NFT development, DeFi development, Artificial Intelligence (AI), machine learning, Robotic Process Automation (RPA), and Big data services, to assist businesses with their automation needs.

With over 50 successful blockchain projects delivered, Aetsoft is also an expert in metaverse development. They offer metaverse NFT and marketplace development, digital asset and avatar creation, game development, and the construction of decentralized platforms.

Aetsoft’s metaverse services cater to industries such as fashion, e-commerce, retail, travel, education, social media, and more. They provide project-specific solutions and clients have the flexibility to choose the required blockchain protocol to build their metaverse.
Price: $50-$100/hr
Team: 51-250
Founded in: 2014
Location: Sheridan, United States

Conclusion

The above list consists of some of the notable metaverse development companies that can help you take your business into the virtual world.
Though we have mentioned the top 10 metaverse development companies worldwide, we recommend you do your own research. You should explore the company’s websites, services, portfolio and cost. Further, we also suggest you focus on the client reviews and feedback about the company to verify its credibility.

Moreover, you should also check the company’s presence on social media platforms and channels to find out more about them.

If you’re looking to optimize or develop a decentralized blockchain metaverse project, we would be delighted to partner with you. Feel free to get in touch with our metaverse experts to explore further.

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How To Develop An AI Solution For Your Enterprise?

The world around us is changing at a rapid pace with major technological advancements. The old models of business and generalized products & services are no longer effective.

The time calls for advanced solutions that will help the business get an edge over its competitors. What can businesses do to boost productivity and revenue? 

One of the ways businesses can enhance their processes and offer better services is through enterprise AI solutions.

Enterprise AI solutions help businesses increase their productivity by automating the repetitive process, reducing human error and increasing their operational efficiency. That’s not all! AI solutions also help businesses in making informed decisions with accurate data analysis. 

Further, enterprise AI solutions also assist businesses in improving their customer experience. They do so by offering personalized services and products. Moreover, enterprise AI software solutions also help in reducing operational and maintenance costs through predictive analysis.

Overall enterprise AI solutions help in boosting the efficiency, productivity and profitability of businesses. 

Did you know that 67% of top executives believe that AI can help to improve their operations? 

Further, 74% of decision makers believe that AI in the long term will contribute to their business success.

Do you also want to join the AI revolution in business?

Looking to build an AI solution for your enterprise? But has no idea how to get started with AI?

Read this blog to find out how to implement and build enterprise AI solutions for your business.

Let’s get started!

What Is An Enterprise AI Solution?

An enterprise AI solution is an AI based software solution that aims to resolve business inefficiencies. You can build an enterprise AI application using machine learning, deep learning, natural language processing and other AI techniques. 

An enterprise AI solution streamlines business processes by automating repetitive tasks and reducing human errors. By automating workflows, businesses can cut down costs, enhance performance and boost productivity. 

Further, AI solutions help businesses take informed decisions. It does so by analysing data to provide accurate insights and prediction reports. Predictive analysis helps businesses plan their actions to scale business growth and value as per the market trends.

You can also build customized AI solutions to enhance your customer experience. An enterprise AI application can process large chunks of data to explore customer trends, market sentiment, product demands and feedback. These data are crucial for businesses to formulate their product and marketing strategies. 

You can implement enterprise AI solutions across major industries like finance, manufacturing, healthcare, retail and more. 

Benefits Of Building An Enterprise AI Solution

The benefits of building an enterprise AI solution for your business are as follows:

Increased efficiency: 

  • AI can help you automate your routine task. This will free up the time of your employees so that they can focus on high value work. 
  • Further, automated workflow increases the efficiency of the processes by reducing human error. 
  • Moreover, AI solutions can process large amounts of data quickly and accurately. Thus, it will help you make better business decisions with its analysis reports.

Improved customer experience: 

  • You can offer personalized customer service with smart AI bots. 
  • AI solutions also help you in curating custom product recommendations and services as per the preferences of your customers.

Cost Savings:

  • By automating tasks, AI solutions reduce labour costs.

Enhanced Decision Making:

  • It is not possible for you or your team to analyze crucial data accurately and quickly.
  • The predictive analysis reports and other data reports assist you in planning business strategies for success.

Competitive advantage: 

  • Implementing AI solutions will give you a competitive edge by improving efficiency, reducing costs, and improving the customer experience.

Scalability: 

  • AI-powered solutions can scale quickly and easily, allowing you to expand your business operations without increasing their workforce.

Predictive capabilities: 

  • AI can use data to predict future trends, enabling you to proactively respond to market changes and customer needs.

How To Implement An AI Enterprise Solution?

Did you know that 87% of AI projects never make it to production? 

Most AI projects fail to move forward through the ideation phase. Some of the projects which make it to the development phase don’t come out as expected. While the rest of them fail to give the expected output after their implementation.

Here are 6 ways you can successfully implement enterprise AI solutions in your business.

Establish Clear Project Goals

The first thing you need to do is to identify and define your business needs. You need to find out the problems your business is facing and analyze how AI can resolve those. 

Next, you should have a clear set of goals for your project. Your project goals must align with your business goals and market trends.

Ask yourself these questions to identify your business challenge and a suitable AI solution for it.

  • What is the main problem in your existing business model?
  • How AI can benefit your business?
  • Can AI solutions resolve the current business challenges you are facing?
  • What outcomes you are expecting with an AI solution?
  • What are the main hurdles in achieving these outcomes?
  • How will you measure your business success with AI?

These questions will help you understand your business needs better.

Develop Structured Use Cases

Developing use cases will ensure that your AI solution development is applicable and achievable. Moreover, it will also ensure that your project ideation caters to your core problem.

Here is how you can build a strong AI use case for your business.

  • Clear project objectives & viable AI application ideation
  • Define KPIs to measure success
  • Assign a case owner to handle building, testing, and validating the use case
  • Identify necessary data for AI to achieve objectives
  • Identify edge cases or unique use cases within data
  • Evaluate the ethical and legal implications of AI solution
  • Assess existing technology and capabilities to support solution development
  • Plan for potential roadblocks

Evaluate Your Internal Capabilities

There is a huge difference between what you wish to build and what is truly achievable. You should always go for the best possible solution deliverable in a given time frame.

Therefore, after outlining your business needs and project goals, you must decide which approach works best for you.

You can build an enterprise AI solution from scratch using your internal resources, or collaborate with an enterprise AI solution development company. Moreover, you can also outsource the entire enterprise AI application development to a professional AI development company.

Data Collection

Collecting data to train your AI model is a very important aspect of the project. The core feature of Artificial Intelligence is to learn from the available dataset and mimic human-like thinking and actions.

Here is how you can prepare data for your AI application.

  • Identify essential data for your solution
  • Determine the availability of data and its source
  • Examine, analyze and create data summaries
  • Sourcing the data
  • Integrate the data
  • Cleanse the data
  • Prepare the data for your AI model to use

Hire The Right Enterprise AI Solution Development Company

Developing an AI solution isn’t similar to developing a simple software solution. You must hire a competent AI development company with exceptional expertise in AI technologies. 

Here is what you should look for in an AI development company.

  • Experience in building innovative AI solutions for enterprises
  • Certified team proficient in handling sophisticated AI technologies
  • Cost effective services
  • Offering custom AI application development solutions
  • Specialized in AI, machine learning, deep learning and language processing

Define AI Learning Model

Have you ever wondered how machines learn? Well, at the heart of artificial intelligence lies machine learning, which is a crucial process that determines how your model uses the provided data. 

And guess what? You get to decide if human intervention is required at the beginning or throughout the entire learning process of the model.

Let’s dive a little deeper into the two types of training models that can be used: supervised and unsupervised learning. With supervised learning, you get to train the machine using a sample of labelled class data to teach it the difference between right and wrong. Once the machine has reviewed thousands, if not millions, of data samples, the goal is for the model to start identifying patterns on its own.

On the other hand, unsupervised learning involves machine learning independently by trying to identify patterns based solely on the provided data. In this case, the machine is not told which data is helpful or not helpful, correct or incorrect. It’s up to the machine to figure it out on its own.

Now, according to IBM, “deep” machine learning can leverage labelled datasets (labelled by human intervention), also known as supervised learning, to inform its algorithm. But some deep machine learning algorithms don’t require labelled datasets and can work with unstructured data.

Planning Human Implementation

Let’s talk about the role of human involvement in AI development. It’s no secret that determining when and where humans should come in to support your AI model is critical to its success.

At some point during the development process, you may need the expertise of human intelligence experts. The extent of their involvement may vary depending on the nature of your solution, but one thing is for sure: it’s important to identify these points early on to stay ahead of staffing requirements and meet your project deadlines.

By understanding when human intelligence plays a role in your AI development, you can ensure that your model functions as intended and delivers the results you desire. So, don’t overlook the importance of human intelligence when it comes to AI development!

How To Build An Enterprise AI Solution?

Build an

You can build an enterprise AI solution by defining the business needs, assessing the data, using the right technologies, training, monitoring and evaluating the AI solution.

Let us now discuss each step in detail

Step 1 – Define Business Needs

As discussed earlier, the first and foremost thing you need to do is to define your business needs and challenges. This step is crucial for the ideation of your AI solution and for defining project goals.

 

Step 2 – Assess The Data

Processing and assessing your data is crucial. The AI solution is entirely based on the quality of data you fed into the system. Based on the data, the AI solution will train itself and give the output.

  • The quality of data should be relevant to your business problem. It should be free of errors and discrepancies.  
  • The data should be relevant to the problem being solved. Moreover, it should be structured as per the AI algorithm. If the data is unstructured, the AI will not produce desired results.
  • Preprocessing data means refining data so that it is free of errors, missing values, irrelevant facts and inconsistencies. It is crucial to transform data into a format which is convenient for the training of AI models.

Step 3 – Choose The Right AI Technologies

After assessing the data you need to choose the right AI technologies to build your AI solution.

You must select the right AI algorithms and technologies to build a robust and efficient AI application.

  • There are various AI algorithms and technologies that can be used to solve specific business problems, such as supervised learning, unsupervised learning, reinforcement learning, and deep learning. 
  • To choose the most suitable technology for a problem, a thorough understanding of the problem and the available data is required. 
  • Factors like the size and complexity of the data, the type of problem, and the desired outcome must be considered during the selection process. 
  • It is necessary to evaluate the strengths and weaknesses of different AI algorithms and technologies to make an informed decision.

Step 4 – Build Data Pipeline

Once you have selected the AI technologies and algorithms, you need to start working on your data pipeline. The Data pipeline ensures the smooth movement of data from its source to the AI model. 

  • While designing the data pipe, you should pay attention to scalability, security and efficiency.
  • The data pipeline should meet the requirements of the AI model to solve the business problem.
  • The data implementation process includes data sources, storage and processing.
  • You should always carry out data ingestion that involves processing, cleaning, transforming and normalizing the data.
  • Lastly, you should always choose a highly secure environment to store your data.

Step 5 – Train AI Model

In this step, your proposed AI model is trained using the processed data. Training in the AI model is necessary to accurately solve business problems and provide valuable insights.

  • The data from the pipeline train the AI model for the algorithm to produce results or predictions as required.
  • The developers also adjust the algorithms and parameters of the model to make it more efficient and productive.
  • You also need to evaluate the performance of the AI model to see if it’s as per your requirement or not. It is important to analyse the accuracy and reliability of the AI model. Moreover, it’s vital to analyze if the AI model is solving your business problem or not.
  • Based on the evaluation of the AI model, developers then move forward with the AI application development.
  • Further, the developers adjust the parameters, collect more data, and improve the algorithm to boost the productivity of the AI application.

Step 6 – Deploy AI Solution

At this step, developers integrate the AI solution into your existing business model. 

  • Developers integrate or connect the AI solution with the enterprise APIs and database for the exchange of information. Integration is a key step in aligning the enterprise’s existing system with AI solutions.
  • While deploying the AI solution you must focus on its scalability, security and reliability.
  • The scalability of AI solutions refers to their capability to handle a large amount of data.
  • Security of AI solutions means fortifying the AI application with institutional grade security protocols.
  • Reliability of AI solutions refers to the potential of AI applications to produce relevant output and prove their worth in solving business problems.

Step 7 – Monitor, Evaluate & Improve

To keep your business operations, and work efficiently, it’s necessary to consistently upgrade it.

  • You should consistently monitor the performance of the AI solution. It should deliver an effective solution to your business problems with accuracy, speed and reliability.
  • Performance monitoring will help you identify areas where the AI application lacks. Based on your evaluation, you can then suggest data, algorithm, and model changes to your enterprise AI solution.
  • You should also evaluate the impact of the AI solution on your business. Analyse what benefits an AI solution is offering to your business. Is it reducing the cost? Is it successful in solving your business problems? Is It helping you achieve your targets?
  • Based on your analysis of the AI solution performance and impact, you can recommend changes to the development team.

Conclusion

To build an enterprise AI solution, you must have access to good quality data, large data sets, a data pipeline, and the ability to consistently train models for optimal performance. 

You can build AI solutions for enterprises by defining the business problem, gathering and evaluating data, selecting appropriate AI technologies, constructing a data pipeline, training models, deploying the solution and monitoring and evaluating performance.

As an entrepreneur, you can utilize the power of AI to boost your business productivity, efficiency and profitability. 

Blocktech Brew holds expertise and experience in developing enterprise AI applications. Our enterprise AI development services are powered by elite AI technologies such as deep learning, machine learning, computer vision, and natural language processing. 

Contact Blocktech Brew today to discuss your requirements and transform your ideas into reality!

FAQs

What is an AI?

AI (Artificial Intelligence) is an advanced technology that uses machine learning and deep learning techniques to process large data to mimic human like thinking and action capabilities. It is used to automate repetitive tasks and help businesses make informed decisions through Big Data analysis and predictive analysis.

What is enterprise AI solution development?

An enterprise AI solution development refers to the development of smart AI software solutions and applications that assists businesses in boosting their efficiency, productivity and profitability.

Which is the best AI development company?

Blocktech Brew is the best AI development company which excels in enterprise AI solution development and AI application development services. We have the best set of developers proficient in handling machine learning, deep learning, language processing and other AI techniques.

How does enterprise AI solution help businesses?

Enterprise AI solutions help businesses by streamlining and automating workflows. Therefore, it reduces operational costs and human error while promoting efficiency. Most importantly, AI solutions assist companies with crucial and accurate insights that help them make informed decisions.

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WHAT IS WEB3 GAMING?

We all have seen the Mario era of video games that excited us to the next level. Though traditional video and console games of our childhood were thrilling we would have never expected to make real money with them.

We have never imagined a gaming module where we could truly own our in-game assets, characters, and rewards. In fact, making money by selling them was out of the question. 

In traditional games, everything was under the control of game developers. You had no authority over gaming assets. Even though you purchased the game assets to complete the levels, you were not the real owner. 

Further, using one game’s assets on another platform was impossible. The interoperability was zero. Apart from this, there was no security or transparency in the games. Everything on the gaming platform was controlled and run by game developers as they wished.

Welcome to the web3 gaming era!

Web3 gaming transfers the power from the developers into the hands of the players. With the benefits of decentralisation, web3 gaming is changing the gaming sector forever. 

Credit to blockchain technology, web3 games offer asset ownership, transparency and interoperability. Moreover, it also enables players to monetize their gaming experience. Further, web3 gaming establishes a democratic gaming platform with high security and accessibility.

If you are looking to tap into the gaming industry, get help from the best web3 development company. Hire web3 game developers who will build you a thrilling web3 game and help you establish your gaming brand.

Let us find out about web3 gaming and its features in the blog.

 

What is Web3 Gaming?

Web3 gaming is the integration of blockchain technology into the gaming infrastructure. Due to the implementation of blockchain into the gaming module, web3 gaming is decentralized, transparent, more secure and democratic. 

Here are a few key characteristics of web3 games.

  • Firstly, being decentralized there is no central authority controlling the data. Moreover, the developers do not run the gaming platform. But it is the players that have all the power.
  • Secondly, web3 games are all about ownership. Blockchain, NFTs and smart contracts combined help players have verifiable ownership of in-game assets. 
  • Thirdly, as the players have asset ownership rights, they can sell the game rewards and assets on marketplaces to make real money.
  • Lastly, web3 games are interoperable. Therefore, you can easily move your assets from one game to another.
  • Most importantly, decentralisation allows us to build democratic gaming platforms where everything is run according to DAO.
  • Apart from these, web3 games offer more security and data integrity. As the data is stored on the blockchain network, no one can hack and alter it.
    Moreover, no single entity or institution controls the data. It is decentralized and distributed across the blockchain network.

Traditional Gaming & Its Limitations

Undoubtedly traditional games were exciting and still attract millions of players worldwide. However, the limitations of traditional games encouraged us to explore web3 games.

The limitations of traditional games are as follows.

Centralized Gaming Platform

Traditional gaming platforms were all centralized and the control over the data was in the hands of the developers. Players had no say in the decisions of the platform. 

Moreover, players even did not have any control over their data. The data was centrally stored in online servers under the control of the game developers. 

No Asset Ownership

In traditional games, there was nothing as true ownership of the in-game assets. Even though you bought the assets with fiat currency on the gaming platform, you were not the true owner of that asset.

You only get the license to use the asset for interaction on the gaming platform. The platform owners still hold the copyrights for in-game assets.

Limitations on Asset Trading

In traditional games, you can buy assets with fiat currency but you cannot resell them on other marketplaces. In fact, you cannot even trade game rewards, currencies or assets anywhere.

Once you buy them, you can only use them on that gaming platform. Therefore, your investment in the game and assets remains null and void. You are putting your money only to complete game missions and levels. It’s just for entertainment purposes. You cannot make any profit from the game assets and rewards.

Zero Interoperability

In traditional games, you cannot use the assets across multiple gaming platforms. Every gaming platform has its own characters, weapons and assets which are valid for that specific game only.

Web3 games or blockchain based games evolved as a need to resolve the above issues of conventional games. With the increasing popularity of web3 games, the need for an experienced web3 game development company also emerged. 

To suffice the demands of the growing gaming industry, Blocktech Brew comes 

How Web3 Gaming Transforms The Traditional Gaming Infrastructure?

Web3 games powered with blockchain and NFTs are transforming the gaming sector forever. 

Here are some ways web3 games are adding value to our gaming experience.

Asset Ownership

In web3 games, you can own the game assets as NFTs. The non-fungible tokens representing the game assets will give you undisputed ownership rights. 

These assets could include weapons, magic potions, skins, accessories, pets and more. 

In fact, you also own the game rewards and tokens just like the assets. In web3 games, you get rewards in form of tokens or valuable NFTs. These tokens have real world value.

What is more amazing?

You can anytime sell the game assets and tokens in the marketplaces to earn real money. 

Therefore, your time and money invested into the game are well rewarded.

Interoperability

We all know how we wasted all our money on buying expensive assets for one game. But when we moved to another game, all those assets and money spent were useless.

But that’s not the case with web3 games.

Unlike traditional games, you can move your game assets like pets, weapons, tanks,daggers, skins and characters across multiple gaming platforms.

Web3 games offer true interoperability for the seamless and smooth sharing of data and assets across various gaming platforms.

Transparency

As web3 games are decentralized, meaning there is no central authority controlling the gaming platform. All the data are stored in an immutable distributed ledger. Moreover, the platform is run by the players via the DAO mechanism. 

Therefore, gaming platforms have an unmatched level of transparency. No decision is taken in shadows without the consent of players. Players vote to approve all the small and big changes on the platform.

Further, the players’ data are safe on the tamper-proof blockchain which is accessible to all.

Earning Gaming Modules

Traditional games were based on a buy-to-play module. You had to buy assets to complete missions and level up your game. Moreover, if you wanted to quit the game all your investment in form of money and time goes in vain.

However, this is not the case with the web3 games. Here you can buy and sell games assets, rewards and tokens in marketplaces for real money. 

Some web3 gaming platforms have their own marketplaces or you can even trade the game assets on third party marketplaces. if you wish to quit any game, you can sell all your game tokens and assets and make a good profit from it.

Therefore, web3 games are based on a play-to-earn gaming module which is player-centric. Web3 games give you the chance to monetize your gaming experience.

These days you even have move-to-earn and walk-to-earn gaming modules. 

Democratic Gaming System

Blockchain has decentralized the gaming sector through NFTs, metaverse, smart contracts and DAO. One of the main benefits of web3 games is that platform owners, managers or developers are not the ones in control.

Instead, the players and token holders of the platform have equal say in the governance of the gaming platform. They get to vote on the crucial decisions of the gaming platform making the entire system democratic.

What is Gaming DAO?

Gaming DAOs operate as gaming platforms that utilize open-source code and operate independently of gaming administrators or operators. Their focus is on fostering a player-centric gaming ecosystem that relies on community participation.

One of the unique features of Gaming DAOs is their ability to redistribute ownership of a game across multiple gaming ecosystems, encompassing players, game developers, investors, and traders.

Gaming DAOs have revolutionized Web3 gaming by introducing play-to-earn mechanisms that compensate players for their participation and success in a game. This is a departure from traditional gaming models, which typically provide only one-sided value exchange to game administrators or operators.

In the context of Gaming DAOs, play-to-earn benefits both players and game developers, powering the gaming economy and rewarding players for their skills.

Web3 Gaming Tech Stack 

The demand for web3 game development is on hike nowadays. Though web3 game development is not difficult, it requires precision, creativity and a high level of technical expertise. 

Get advanced web3 game development services from the experts. Only seasoned and skilled developers know how to use web3 technologies the right way to build web3 games that are thrilling and keep the players coming back for more.

Are you ready to take your gaming experience to the next level? Look no further than our suite of web3 game development services designed to revolutionize the world of Web3 gaming.

Smart Contracts

Ensuring Security and Functionality 

Smart contracts help you to automate and regulate the terms and codes of your gaming platform. It is beneficial in the proper functioning of DAOs, ensuring that everything on the platform goes according to the rules of the DAO.

As these are immutable digital contracts, no one can hack or alter the terms once the contract is final. Thus, smart contracts enhance the security of gaming platforms. 

Decentralized Gaming Platform

Powering Autonomy and Interoperability 

Building a decentralized gaming platform gives players more freedom and control over their assets and gaming experience.

Decentralization eliminates the middlemen and central authority bringing more transparency, trust and security to the gaming platform. Moreover, a decentralized gaming platform will also facilitate interoperability which is the key feature of web3 games.

Gaming dApps

Creating Innovative and Interoperable Marketplaces 

A robust and dynamic gaming dApp will help you attract players worldwide. Moreover, you should also integrate your gaming dApp with asset marketplaces to enable players to seamlessly trade assets.

A user-friendly gaming dApp with the latest features will build a gaming economy that rewards players for their skills and contributions.

Gaming NFT Marketplaces

Unlocking New Possibilities for Gaming Economies 

Gaming NFT marketplaces offer a wide range of possibilities for gamers, developers, and investors alike. By leveraging the power of blockchain, marketplaces enable the exchange of gaming assets and currencies securely and transparently.

Marketplaces unlock new revenue streams for game developers and offer players new ways to earn by trading gaming assets.

3D Gaming Spaces

Immersive and Scalable Environments 

Offer a rich and dynamic gaming environment to players with a robust and highly scalable 3D metaverse gaming platform.

Metaverse gaming platform enables players to interact and play in a hyper realistic virtual environment. Further, the metaverse teleports the players into an immersive virtual world with 3D avatars and gaming elements. 

How Blocktech Brew Can Help You In Web3 Game Development?

Did you know that there are over 73 million web3 gamers who use either Roblox or Fortnite?

Web3 games have transformed the gaming sector by integrating blockchain, NFTs and smart contracts. Moreover, with the rise of metaverse games and AR/VR games, web3 is offering an immersive gaming experience like never before.

It is not only about decentralising the games and offering a one-of-kind experience, but web3 games are establishing a financial ecosystem for games. Web3 games are empowering players with player-centric gaming modules, a high level of transparency and security.

Looking to build web3 games with excites and engage players in creative ways?

Contact our experts to discuss your gaming project requirements. We are just a call away to help you turn your web3 game fantasy into a full fledge game.

Schedule a call today!

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Top Fashion Brands Leveraging The Metaverse

Fashion is all about being in the trend. When the current trend in the world is metaverse, how can fashion brands stay untouched?

What are fashion brands doing in the metaverse?

They are releasing branded NFTs with special utilities. Some NFTs are redeemable which gives physical products as rewards or discounts. 

Fashion brands are also releasing digital twins of their products. Moreover, brands are also opening virtual stores on the metaverse to people to explore their services in an immersive virtual world.

What more brands can do in the metaverse?

Luxury fashion brands are enhancing customer experience and marketing their products by offering unique virtual experiences to their customers. They are doing so by building exclusive virtual space in the metaverse. 

For instance, Nike built Nikeland on Roblox where you can dress up your online avatar in branded Nike apparel and accessories.

Nike is not alone in this fashion metaverse endeavour. Brands like Gucci, Louis Vuitton, Adidas and others have also joined the metaverse trend. Every luxury brand is offering something innovative and unique to their customers on metaverse.

Let’s find out what the leading fashion luxury brands are doing in the metaverse.

Statistics That Support The Future Of Fashion Metaverse

Before we proceed to look at the fashion brands in the metaverse, let’s see some statistics that promise a fruitful fashion metaverse future.

  • Metaverse fashion recorded a whopping 30.5% Y-O-Y growth rate in 2022.
  • The metaverse fashion market will grow at a CAGR of 36.47%.
  • At that rate, it is expected to reach $6.61 billion by 2026.
  • As of now, Nike has made $185 million in NFT sales.
  • Dolce & Gabbana has generated a revenue of $25.6 million in NFTs.
  • Gucci made $11.56 million in NFT revenue and $31 million in secondary sales.
  • Adidas saw 51,000 transactions in the secondary market with over $175 million in NFT sales volume.

10 Luxury Fashion Brands in the Metaverse

 

10 Luxury Fashion Brands in the Metaverse

Here are the top 10 luxury fashion brands harnessing the power of metaverse development services to build their base in the virtual world.

Nike

NFT-metaverse-Blocktech-Brew

In 2022, Nike acquired RTFKT, a digital design studio. Thanks to its acquisition, Nike Digital which handles the metaverse operations made a quarter of the total brand’s revenue.

With $185 million in NF sales, Nike made a grand entry into the metaverse space. It launched a collection of 20,000 NFTs also known as Cryptokicks. Soon the collectors were in a race to get the branded NFTs. In fact, one NFT collector paid $130,000 for single pair of digital sneakers. 

You will be surprised to know that these NFT sneakers were designed by famous Japanese contemporary artist, Takashi Murakami.

Nike reached another milestone last year with its virtual presence in the metaverse. Nike partnered with Roblox to launch Nikeland. It is a replica of the company’s real life headquarters, buildings and arenas.

That’s not all! You can enjoy exciting games in Nikeland. The most thrilling game of all is the “Floor is Lava” dodgeball game.

Nike land is a huge success among the brand’s customers with 21 million users.

Nike’s metaverse saga does not end here. It has also opened its virtual store in the metaverse where all-time classic products like Air Force 1, ACG, Nike Tech Pack and Nike Blazer are on display. 

Gucci
Gucci-metaverse

Gucci is not only a leader in the fashion world, but also in the metaverse. The luxury Italian brand has taken the digital world by storm with many innovative initiatives that have elevated it to new heights in fashion.

Last year, Gucci broke ground in the NFT space with a movie inspired by its Aria collection. The film was a hit and was sold as part of a Christie’s-led auction, in collaboration with digital artist Lady PheOnix.

But Gucci didn’t stop there. They teamed up with popular gaming platform Roblox to launch a digital experience called Gucci Garden, which was inspired by the label’s real-life Florence show. Users were able to explore the immersive themed rooms, try on and even purchase Gucci NFTs to wear in the game. In fact, the virtual version of Gucci’s iconic Dionysus bag sold for a record-breaking price of $4,115, higher than its real-world counterpart.

Since then, Gucci has continued to push the boundaries of virtual worlds, gaming, blockchain, and NFTs. The luxury brand has collaborated with toy maker Superplastic and the narrative NFT project 10KTF, and has announced plans to expand its metaverse and gaming strategies even further. With Gucci leading the way, it’s clear that the future of fashion is not only physical but also digital.

Louis Vuitton
Louis-Vuitton-NFT-Game

Another prominent brand to mark its presence in the metaverse is Louis Vuitton. The French fashion house launched a metaverse mobile game in partnership with Beeple. 

The mobile game “Louis The Game” was a part of the 200th birth anniversary of the founder. It is a narrative story game that takes the players through 7 virtual worlds portraying the seven fashion capitals.

What’s more exciting about the game is that the players get the chance to win exclusive NFTs. The game includes a total of 30 NFTs out of which 10 are designed by Beeple. 

However, this isn’t the most appealing part of the game. Players can customize their avatars with a wide variety of available LV prints. The game has a footfall of 2 million players.

Unlike other brands that are releasing NFTs for sale purposes, Louis Vuitton differs in this regard. The NFTs or the tokens in the game are not meant to be sold in the open market. 

Louis Vuitton CEO, Michael Burke explained, “This is not a commercial experience, but a pedagogical, educational experience that must be fun, emotional and dynamic.”

In fact, we can say that the metaverse game is a brilliant marketing strategy for the brand to engage with its customers.

Adidas

Another brand to dip its toes in the metaverse space is Adidas. Back in December 2021, Adidas partnered with renowned BAYC and Gmoney to release its NFT collection containing 30,000 NFTs. 

The brand has brought together NFTs and physical clothing, allowing buyers to own both at the same time.

The NFTs come with virtual wearables that can be used in The Sandbox. But that’s not all. You’ll also receive a physical piece of clothing, like a tracksuit, hoodie, or the signature orange beanie worn by Gmoney.

All digital assets are secured by crypto exchange Coinbase, so you can rest assured that your virtual investments are safe. This exciting move is part of Adidas Originals’ push into the sportswear lifestyle space, and it’s sure to be a hit with fans of both virtual and physical fashion.

PRADA

Get ready to dive into a futuristic world where fashion meets technology! Prada and Adidas Originals have come together to create a groundbreaking project that has taken the virtual world by storm. 

With the Adidas for Prada Re-Source limited edition NFT collection, these two powerhouses have challenged the norms of traditional fashion by bringing together a diverse group of 3000 participants from the fashion, design, and crypto industries.

These talented individuals were tasked with creating individual NFT tiles that would be compiled into one NFT world by the brilliant digital artist Zach Lieberman. 

The result? 

An epic, first-of-its-kind collaboration that showcases user-generated and creator-owned art, in a truly innovative and boundary-pushing collection.

But that’s not all! The final artwork was auctioned on SuperRare, with the proceeds going to Slow Factory, a commendable NGO dedicated to empowering local communities and community creators.

And let’s not forget Prada’s partnership with Polygon Studios, which has allowed the NFT to be created on Polygon’s network – truly taking this project to the next level.

Get ready to witness the fusion of fashion, art, and technology with the Adidas for Prada Re-Source collection. It’s a one-of-a-kind experience that will leave you inspired and awestruck.

Hermes

Hermes, the legendary fashion label, is taking the virtual world by storm with its latest plans. In a recent trademark filing, the brand has hinted at some big web3 plans, including launching a virtual marketplace and web3 financial services. But that’s not all – the French luxury brand also plans to introduce its own virtual currency connected to digital collectibles and NFTs. Can you imagine owning an exclusive Hermes NFT?

And that’s not all – the trademark application also suggests that Hermes is planning to hold fashion shows and trade events in both AR and VR environments. You might even be able to attend a Hermes fashion show from the comfort of your own living room!

This announcement follows a recent court case with the Metabirkin NFT creator, Mason Rothschild, where Hermes accused Rothschild of copyright infringement of its iconic BIRKIN trademark. But it seems like Hermes is moving forward, ready to explore the endless possibilities that the virtual world has to offer.

Forever 21

Fast fashion retailer Forever 21 is shaking up the fashion world with its entrance into the metaverse. They made quite the splash by becoming part of Decentraland’s Fashion District during Metaverse Fashion Week, showcasing a dynamic storefront with Forever 21 avatars and a range of 21 fashion NFTs inspired by their physical store collection.

But they didn’t stop there – Forever 21 has since launched “Forever 21 Shop City” on Roblox, where fashion lovers, influencers and creatives can own and manage their personal store, and even trade in the brand’s merchandise.

Not content to rest on their laurels, Forever 21 also partnered with Mattel’s iconic Barbie to create a collection that launched on Roblox. And as part of their ongoing metaverse promotion strategy, they continue to collaborate with numerous digital influencers. 

Zara

zara metaverse

The Spanish fashion brand is not behind the metaverse fashion trend. It entered the metaverse space in 2018 with an AR app that showcases its 120 stores across the globe.

Then last year, Zara partnered with a South Korean metaverse development company, Zepeto to launch its virtual products.

Since then Zara has not stopped to establish itself as the top metaverse fashion brand. It has also released limited edition virtual clothing and makeup. You can dress up your Zepeto avatars using Zara’s digital products. The digital products include eye shadow palettes, lipsticks, jumpsuits, jackets, dresses, jeans and more.  

What’s more in store with Zara’s digital products?

You even get the physical products. So now, you and your avatar can dress the same way in real and virtual worlds.

To accelerate its position in the metaverse, the fashion brand has also launched special AR filters on Snapchat.

Burberry

burberry

When it comes to high-end fashion, Burberry has always been a trendsetter. And when it comes to the metaverse, the brand was quick to jump on board, teaming up with Mythical Games’ Blankos Block Party for an exclusive NFT collection.

Featuring Sharky B, a stylish shark character with the Burberry monogram, buyers can purchase, upgrade, and sell the token within the Blankos Block Party marketplace. The collection also includes trendy in-game accessories like armbands, pool shoes, and a jetpack, along with the ability to unlock a variety of superpowers.

Building on the success of the first collaboration, Burberry recently unveiled Minny B, a new NFT unicorn character, along with a line of NFT accessories. But that’s not all – the fashion giant has also created a virtual bag collection for the Roblox metaverse.

It’s clear that Burberry is fully embracing the metaverse and all its possibilities, offering customers a new way to experience and engage with the brand.

Balenciaga

Balenciaga

From Paris Fashion Week to the virtual world, this luxury brand is taking its signature style to new heights. Balenciaga made history in 2021 as the first fashion label to release an NFT capsule collection in the popular video game Fortnite. 

Players can now visit the Fortnite x Balenciaga store to purchase virtual Balenciaga items, including the Hourglass Bag Glider and the Speed Sneaker Pickaxe. But don’t worry, fashionistas, limited-edition physical products like hoodies, shirts, jackets, and caps featuring Fortnite and Balenciaga logos are also available. 

The release of this collection caused a surge in Balenciaga’s search volume, and with the metaverse becoming an increasingly significant focus, the fashion house is even launching a metaverse business unit. 

Get ready to elevate your avatar’s wardrobe with Balenciaga’s virtual wearables, perfect for multiple game modes.

Conclusion

It’s pretty clear that luxury brands are establishing their business in the metaverse. With their digital products, NFTs and virtual stores, these brands are giving a push to metaverse fashion.

Credit to the unique features of NFTs such as ownership verifiability, data immutability and smart contract functioning, not just digital artists but fashion brands are also leveraging them. In fact, businesses are also getting NFT development solutions to streamline their supply chain, logistics and other business processes.

Looking to harness the power of NFTs and metaverse to achieve business excellence? 

Get professional NFT development solutions and metaverse development services from experts. Contact Blocktech Brew a leading metaverse development company to make your move into the rapidly growing metaverse.

 

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Exploring The Synergies Between Blockchain And AI

Blockchain and AI are two ground breaking technologies of the 21st century. Both these technologies are transforming the business sectors in their own ways. Businesses worldwide are implementing blockchain and AI solutions separately to boost efficiency in their processes.

Blockchain is helping businesses bring decentralization and automation into their processes. With the help of blockchain, businesses can establish trust and transparency in their operations. Moreover, blockchain is also helping companies to reduce operational costs, maintain data privacy and enhance security.

On the other hand, AI is assisting businesses in making informed decisions for growth. AI is offering human-like intelligence with greater efficiency and accuracy to companies. It is all about analysing large chunks of data to make relevant predictions and classifications.

According to the Facts and Factors market report, the global AI market size will reach $299.64 billion by 2026. Further, it will grow at a CAGR of 35.6%.

Another market report shows that the blockchain market will grow at a CAGR of 67.3%. The global blockchain market value will increase from $3 billion to $37.9 billion.

Blockchain and AI development solutions are rapidly finding their implementation across various industries. But to our surprise, blockchain AI solutions are also becoming mainstream.

Businesses today are looking forward to utilising the power of both these futuristic technologies. The global Blockchain AI market size went from $184.6 million in 2019 to $220.5 million in 2020. Further, it is expected to reach $973.6 million by 2027.

The synergies between blockchain and AI will enable us to create decentralized AI solutions. In such an ideal model, the AI will offer a more enhanced predictive analysis solution and blockchain will sustain data integrity and trust in the system.

In this blog, we will look at the combined benefits of Blockchain and AI. Moreover, we will also unlock how Blockchain and AI together can revolutionize the way we do business.

What is Blockchain?

blockchain is an immutable ledger technology
A blockchain is an immutable ledger technology that is used to store all types of data. Blockchain uses a network of blocks which are chained in a chronological way to store data.

Being immutable the data on the blockchain network is irreversible and tamper-proof. The transaction or data entry on the blockchain network is verified by multiple nodes on the network. Even if someone attempts to hack into the blockchain, he needs to hack all the impossible nodes. Moreover, if someone succeeds in altering the data in the blocks, the blockchain is designed in a way that it will automatically reject the altered data.

Apart from this, enterprise blockchain solutions also use smart contracts to automate processes. Smart contracts simplify complex processes through digital contracts that execute themselves once the terms and conditions are met.

Credit to these qualities of blockchain technology, businesses are getting Blockchain Development Services to streamline their processes.

Most importantly, businesses with the help of blockchain can introduce data integrity, high security and automation into their models. Further, blockchain is helping companies achieve high levels of transparency and trust.

What is AI?

Blockchain and AI-blocktech Brew
AI or Artificial Intelligence uses supercomputers, big data and machine learning to mimic human intelligence. The core purpose of AI is to analyze data to make predictions, reports, decisions and classifications. Moreover, the best thing about AI is that it trains itself from past data analysis and its outcomes.

Artificial intelligence mimics the decision-making and problem-solving capabilities of the human mind with greater efficiency and accuracy.

Companies are using AI solutions to automate repetitive tasks, prevent human error and cut down costs. Moreover, corporates are also using AI bots and robots to offer personalized customer services and enhance the overall customer experience.

Get quality AI solutions from an AI development company to upgrade your business model. AI will help you make informed decisions via big data analysis, reduce employee workload, and reduce human errors to achieve higher efficiency and performance.

Present Day AI Landscape

As we know that AI synthesizes data to act and rationale like human beings. For this AI uses machine learning and deep learning mechanisms.

Today, experts prefer deep learning over any other machine learning method. It is because the Deep Learning algorithm model is inspired by the human brain.

Deep learning involves training artificial neural networks, which are computational models that are composed of interconnected nodes or “neurons.”

Through the use of large datasets and iterative training, deep learning algorithms can learn to recognize patterns, make predictions, and perform complex tasks. Deep learning has been particularly successful in applications such as image recognition, speech recognition, natural language processing, and robotics.

What are the major challenges in AI technology currently?

Firstly, the problem with AI systems today is that the data they are using are all centralized. Big tech companies control and have authority over AI systems.

We do not know what type of data is fed into the AI system. All the companies hold their algorithms and data instead of making it open-source. Thus, there is no trust among the customers regarding the data and algorithms used to train the AI.

Secondly, the challenge with AI technology is that it requires extensive data to improve its performance. The more data an AI system can learn from, the better its output is likely to be. However, acquiring such large amounts of data can be costly and resource-intensive, making it difficult for small companies to compete.

At present, the advantage lies with large companies that have the necessary resources and expertise to develop effective training procedures for their AI systems. Additionally, these companies can afford to hire top talent to help develop new technologies.

Currently, dominant players such as Amazon, Google, and Facebook hold top positions in the AI field. Therefore, any new company entering the field must be able to at least match these powerful competitors to succeed.

Integrating blockchain technology into AI systems can resolve all major technical and cost issues.

Building an Ideal Blockchain AI Model

In recent years, research has revealed a link between blockchain and AI. With data handling being a crucial consideration in business operations, the combination of blockchain and AI can have a significant impact on data management and addressing related issues. Blockchain breaks data into smaller parts and distributes them across a network, with no central authority governing the data.

Every computer in the network maintains a complete copy of the ledger, ensuring that data is not lost. If you desire a private data ecosystem that is processed with AI and offers a superior user experience, blockchain is a good choice.

The integration of blockchain and AI can have far-reaching effects in various industries, providing dynamic solutions for privacy, energy, data control, security, and scalability.

While AI leverages machine learning to improve data performance, efficiency, and accuracy, blockchain provides the necessary power and energy to run a network of computers. Together, the combination of blockchain and AI can streamline the process and make it more viable.

Benefits Of Interlinking Blockchain and AI

Reliable data source

Reliable data source

A significant amount of data is required to train an AI application, and blockchain is an ideal source for refined data due to its transparency. With the traceability of nodes, the source of data can be easily verified.

Autonomous system

Decentralized ledger technology ensures that no single server handles all the operations of the AI application, promoting an autonomous system that manages AI training and operations without supervision.

Privacy protection

Cryptographic techniques used in blockchain enhance privacy throughout the network used for AI training and operations. A robust privacy system allows for competitive and highly complex AI systems to be trained and deployed.

Distributed computing power

To train and maintain AI, significant computing power is required, and blockchain technology provides the necessary support. It takes care of hardware and software space requirements, storage, and maintenance costs.

Security

While blockchain’s smart contracts are not entirely secure, AI can be used to generate more secure smart contracts, minimizing vulnerabilities and enhancing security.

Efficient data storage

Blockchain applications have limitations in their data storage modes, sacrificing reading efficiency for a more write-intensive approach. However, with the use of AI, data storage methods can be enhanced to improve the speed of data queries.

Authenticity

Blockchain’s digital record provides insights into the AI framework and the provenance of the data used, addressing the challenges of explainable AI. It enhances trust in data integrity and the recommendations AI provides by providing an audit trail, which pairs blockchain and AI to enhance data security.

Augmentation

AI reads and processes data at a high speed, bringing higher intelligence to blockchain-based business networks. When access to larger data is provided, blockchain enables AI to scale and provide more actionable insights, manage model sharing and data usage, and create a transparent and trustworthy data economy.

Automation

The combination of automation, AI, and blockchain creates new value for business processes that span different parties, removing friction, and increasing speed and efficiency. AI models embedded in smart contracts executed on the blockchain, resolving disputes and selecting the most sustainable shipping methods.

Creating Decentralized AI Systems

The concept of a decentralized AI system is to provide processor independence without sharing aggregate data, enabling users to process information independently across different computing devices. This approach can yield diverse findings, leading to fresh solutions for problems that a centralized system might not be able to solve.

Decentralized AI systems have promising applications in science, enterprises, and public services. They allow devices to overcome challenges through trial-and-error, reasoning, and recording results, resulting in a clear and consistent understanding of how things function.

By leveraging blockchain technology, AI can facilitate secure knowledge sharing and build trust in decision-making processes for decentralized learning. It can enable significant autonomous contributions, coordination, and voting in future decision-making processes. However, realizing the full potential of decentralized AI requires systems with significant computing power, rapid connectivity, and storage.

A decentralized AI platform can benefit from various security methods to ensure the privacy and confidentiality of data.

SMPC (Secure Multi-Party Computation)

SMPC enables computations on sensitive data without revealing the data itself. By using techniques such as homomorphic encryption, the public function can be computed with private data while keeping the inputs hidden.

It will allow the development of AI models without disclosing datasets to external parties. Blockchain technologies such as Enigma utilize SMPC to enhance the privacy of their systems.

GAN cryptography

GAN cryptography is a novel AI-based method for securing communication channels between parties. It involves the use of neural networks to create a new type of encryption and decryption that can withstand attacks from malicious actors. Google has developed this technology, and its potential benefits for decentralized AI platforms are being explored.

Homomorphic encryption

Homomorphic encryption is an encryption technique that enables computation on encrypted data. Unlike traditional encryption methods, it does not require a secret key to perform computations, and the output is encrypted as well.

It is a significant advancement in cryptography and has potential applications in decentralized AI platforms. With homomorphic encryption, users can submit data to train models while keeping it private from other parties.

By utilizing these security methods, decentralized AI platforms can ensure the privacy and confidentiality of data while enabling the development of powerful AI models.

Top 5 AI Blockchain Projects

SingularityNET

SingularityNET is a leading AI blockchain project that facilitates the development of a decentralized AI marketplace, which can aid in the creation and funding of AI projects. Its main objective is to function as a worldwide network for AI algorithms.

The marketplace enables developers and businesses to create and sell their AI projects, including tools, data, services, and algorithms. One noteworthy aspect of SingularityNET is its use of smart contracts.

Thought AI

Thought AI is an innovative example of AI in blockchain that combines analytics, embedded data, and blockchain to create a unique approach that allows digital information to act independently without needing the application layer. This approach helps scale AI across businesses, govern AI, and generate meaningful value, making it one of the top AI blockchain projects.

DeepBrain Chain

DeepBrain Chain is a decentralized AI computing platform that uses blockchain to provide a cost-efficient and privacy-protected network for AI development. It aims to replace the current NEP-5 chain and supports secure data trading while maintaining data privacy and value.

BlackBird.ai

Blackbird.AI is a leading project that combines AI and blockchain technology for content analysis, particularly in verifying the credibility of content and efficiently filtering out fake news.

Through the use of AI, Blackbird.AI classifies and filters content based on specific credibility indicators to determine if a piece of news contains hate speech, misinformation, or satire.

Matrix AI

Including Matrix AI in a list of top AI-blockchain projects is essential due to its ability to leverage the capabilities of AI-based technologies like Natural Language Processing (NLP) while offering basic blockchain functionalities.

Matrix AI is known for its dynamic delegation networks, auto-coding intelligent contracts, adaptive blockchain parameters, AI-based blockchain security, and other notable features. Its AI-based secure virtual machine is particularly noteworthy for its ability to identify potential vulnerabilities and malicious intent, ensuring a robust and secure system.

Future Approach

The combination of artificial intelligence and blockchain can lead to the creation of a secure and decentralized system that is immutable. This innovative approach can result in significant advancements in data and information security across various industries.

Looking to advance into the next generation of Blockchain AI solutions?

Contact AI specialists at Blocktech Brew – a leading AI development company.

Our developers are well-versed in AI technology and algorithms to design and develop AI apps to scale your business growth.

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TOP 15 BLOCKCHAIN DEVELOPMENT COMPANIES 2023

“Hire the right blockchain development company – Accelerate your business growth and value.”

Blockchain is a futuristic technology set to transform every aspect of our lives. It is the foundation of a decentralized, secure and permissionless ecosystem.
Blockchain is the forerunner of Defi enabling peer-to-peer and trustless transactions. It has eliminated the inefficiencies of the existing centralized financial system. Further, blockchain ensures anonymous, secure and faster transactions. In addition to this, blockchain eliminates unnecessary intermediaries in financial infrastructure. Thus, it reduces operational costs and eliminates lengthy complex documentation processes.
Most importantly, the implementation of blockchain isn’t restricted to just the financial sector. From real estate to healthcare, retail, e-commerce, and supply chain management, blockchain solutions are changing the way we do business. Blockchain applications in these sectors are proving game changers in enhancing efficiency and productivity.

How do blockchain solutions help businesses?

Blockchain solutions to boost business efficiency by:

  • Eliminating third parties
  • Bringing transparency and trust into the system
  • Maintaining data integrity
  • Enabling secure and faster processing
  • Reducing operational costs
  • vel=”1″>Ensuring high security
  • Anonymous transactions
  • Automation through smart contract integration

Market statistics show that 60% of CIOs are looking to integrate blockchain into their business infrastructure. Further, global spending on blockchain solutions reached $19 billion in 2022.
You too can implement blockchain solutions into your business to enhance its efficiency. All you need to do is to hire a competent blockchain development company.

How can a professional blockchain development company help you?

Firstly, a blockchain development company will help you identify the blockchain scope in your business model. Secondly, they will analyse the market demands and your competitors. Thirdly, they will find better ways to integrate blockchain solutions into your business. Lastly, they will build a reliable blockchain solution according to your needs.
Looking for an experienced enterprise blockchain development company?
Blocktech Brew is a top blockchain development company offering advanced custom blockchain development solutions. We have experienced blockchain developers who have hands-on experience in blockchain technology, protocols and tools. Our team will assist you to get an edge over your competitors with next-generation blockchain solutions. We are just a call away!

Best 15 Blockchain Development Companies

Here is the list of the top 15 blockchain development companies.

Blocktech Brew

Blocktech Brew is a top blockchain development company offering custom solutions to fulfill your business needs. Based in Chandigarh, India, the company also has offices in the United States and Dubai (UAE).
The company has years of experience in designing and developing smart blockchain solutions to streamline your business processes. They will help you enhance your business performance and boost growth.
Most importantly, they have certified blockchain developers having hands-on experience in sophisticated technologies to build solutions that enhance your business value. Further, their key services include NFT development, crypto coin development, Metaverse development and wallet development services.
Moreover, their advanced web3 development services will guide you in launching your brand in the web 3.0 space. Blocktech Brew is dedicated to delivering exceptional results for their clients.
Rate: $49 – $99/hr
Employees: 50 – 300
Established year: 2015
Location: India, UAE, US

Code Brew Labs

Founded in 2013, Code Brew Labs leads in web and mobile app development. The company envisions transforming “the way you launch, run and grow business digitally”.
The Codebrew Team has worked with the biggest brands to build their mobile application. BharatePe, Gradeup, Yumm, Vodafone, and Zip Eats are some of the start products in the portfolio.
Code Brew Labs has a presence in India, UAE, France and the USA. Being one of the top mobile application development companies in Dubai, they have built popular apps like aybiz, Hamilton Aquatics, BUILDEX Stores and GRINTAFY.
From mobile application development to enterprise software development, UX/UI Design, Fintech solutions and web development services, they offer advanced digital solutions.
Code Brew Labs is committed to staying at the forefront of technological advancements in the industry.
Rate: $50 – $100/hr
Employees: 50 – 300
Established year: 2013
Location: India, France, UAE, US

Labrys

Labrys is a pioneer of Web3 and Blockchain Product Development. Their goal is to enrich and enhance business efficiency with next-gen services.
They specialize in creating innovative solutions utilizing the latest Web3 and blockchain technologies.
Further, their key services include smart contracts development, Web/Mobile Apps solutions, Custom Enterprise Software, Tokens, NFTs, Layer-2 Scaling, and Wallet Integrations.
Their products are designed, developed, and launched in-house by their highly skilled engineers. The company is based in Brisbane, Australia.
Rate: $100 – $150/hr
Employees: 10 – 50
Established year: 2017
Location: Australia, US

Cubix

Cubix is a top-tier company specializing in the mobile app, game, and enterprise software development. With over a decade of experience, they have a proven track record of delivering complex, enterprise-level solutions to clients ranging from individuals and startups to larger organizations.Their team of experts is constantly staying ahead of industry advancements, mastering new technologies such as blockchain, E-Learning, IoT, Artificial Intelligence and Machine Learning.

Further, they have expertise in SaaS, Augmented Reality, and Virtual Reality. It allows them to provide advanced web and mobile solutions that are customized to meet the unique needs of each client.

Rate: $25 – $50/hr
Employees: 50 – 300<
Established year: 2008
Location: US, UAE

Hyperlink infosystem

Hyperlink Infosystem is a leading blockchain development company. With extensive experience in designing and developing cutting-edge blockchain applications, they have a proven track record of delivering results.
Their team of skilled blockchain developers is dedicated to creating solutions that meet the unique needs of each business they work with. In addition to this, their premium blockchain applications are designed to address common business challenges, providing efficient and effective solutions.
Hyperlink Infosystem is known for its customer-focused and results-oriented approach to service. Further, they offer a wide range of blockchain services, including crypto wallet app development, AI solutions, Big Data Analytics, IoT development, CRM solutions and more.
With Hyperlink Infosystem, businesses can be confident that their blockchain needs are in good hands.
Rate: $25 – $50/hr
Employees: 200 – 999
Established year:
Location: India

Infograins

InfoGrains is a rapidly growing team of over 200 individuals consisting of talented marketers, content writers, engineers, and delivery heads. With a fully staffed blockchain R&D department, they are building a technical powerhouse that is highly valued by their customers.
With a decade of experience as security application developers and reviewers, they have a deep understanding of the complexities of blockchain technology and cryptocurrencies.
Their 50+ member blockchain development team offers a wide range of blockchain and cryptocurrency solutions, including supply chain automation systems, mobile wallets, exchanges, ICOs, Erc20, and more.
They are dedicated to helping businesses and individuals succeed in the blockchain and cryptocurrency space.
Rate: $25 – $50/hr
Employees: 50 – 250
Established year: 2016
Location: Australia, US

Lotus Soft

As a leading provider of blockchain and cryptocurrency solutions, Lotus Soft has a wealth of experience and expertise. Their blockchain team possesses a comprehensive understanding of blockchain technology, security applications, and the cryptocurrency industry.
The key services include Android/iOS app development, Flutter app development, AI/ML app development, blockchain development, Unity/Unreal game development, AR/VR app development, React/Angular development, and more.
Lotus Soft is a trusted partner for businesses and individuals seeking to venture into the rapidly-evolving web 3.0 space.
Rate: $20/hr
Employees: 10 – 50
Established year: 2016
Location: Vietnam, US

Quytech

Quytech is a reputable and experienced company specializing in mobile app development, AI/ML, blockchain, and game development. With a decade of experience, they are dedicated to guiding startups on their journey to success.
The company has helped numerous clients in a variety of industries, such as healthcare, fitness, sports, education, e-learning, consumer packaged goods, retail, e-commerce, real estate, hospitality, travel, and more, achieve their goals.
Quytech takes a startup-focused approach to build robust and scalable applications that align with its business objectives, fit within its budget, and support fundraising efforts.
Rate: $25 – $50/hr
Employees: 50 – 250
Established year: 2010
Location: India, US

Interesxy

Interexy is the leading provider of blockchain development services in Dubai. With a focus on advanced web3 technology, they offer a wide range of solutions, including blockchain applications, mobile apps, and web applications.
The company excels in developing innovative blockchain-based healthcare solutions that are highly advanced and secure. By leveraging the latest web3 technologies, they help businesses to transform and expand their operations, with a focus on increasing revenue generation.
Interexy is dedicated to serving startups and medium-sized companies, offering cutting-edge IT solutions that include AI services, blockchain development, crypto wallet creation, and web3 development.
Their expertise and innovative approach make them the go-to choice for businesses seeking to leverage the power of blockchain technology.
Rate: $50 – $100/hr
Employees: 50 – 250
Established year: 2019
Location: US, UAE

CGS-Team

CGS Team has highly skilled and experienced developers who specialize in using the latest technology to deliver custom software solutions that meet the unique needs of each client.
Their goal is to help businesses achieve their targets with innovative, reliable and cost-effective software solutions.
Moreover, their expertise in blockchain technology has helped companies in developing secure and transparent solutions for various industries including finance, supply chain, and healthcare.
With a focus on delivering quality and value, CGS-team is dedicated to ensuring complete customer satisfaction.
Rate: $25 – $50/hr
Employees: 50 – 250
Established year: 2017
Location: Paphos, Cyprus

Osiz Technologies Pvt. LTD

Osiz Technologies is a premier software development company committed to delivering unparalleled IT solutions to startups, entrepreneurs, businesses, and industries.
The company stays at the forefront of technology by constantly researching and incorporating the latest advancements, including DAO, Metaverse, NFT, Blockchain, and Cryptocurrency development services. Further, they also offer DeFi, DApps, and Smart Contracts development solutions.
In addition to this, they specialise in Hyperledger, Artificial Intelligence (AI), Big Data, Business Intelligence (BI), Internet of Things (IoT), AI Chatbots, Machine Learning, AR/VR, and Cloud Computing solutions.
Rate: $50 – $100/hr
Employees: 200 – 999
Established year: 2009
Location:India

MixBytes

At MixBytes, we strive to deliver top-notch IT solutions to startups, entrepreneurs, businesses, and industries.
Their focus is on using technology to eliminate inefficiencies in your business. Moreover, they stay up to date on the latest innovations in the field, including blockchain, cryptocurrency, AI, IoT, AR/VR, and more.
In addition, their team of experts will guide you on blockchain adoption and integration, providing you with the technical support you need.
Rate: $20 – $25/hr
Employees: 50 – 100
Established year: 2017
Location:

SotaTek

SotaTek, a subsidiary of Sota Holdings, is a global software development and IT consulting company with a presence in 7 locations across Vietnam, the US, Australia, and Japan.
They specialize in delivering top-quality web and cloud-based solutions to various industries with a focus on software development and blockchain technology.
Further, their expertise includes developing blockchain apps, cryptocurrency exchanges, smart contracts, and IDOs to help your enterprise stay ahead of the competitive curve.
Apart from this, they have delivered over 350 projects for various industries, including finance, healthcare, retail, real estate, education, media, and entertainment.
Rate: $25/hr
Employees:200 – 900
Established year: 2015
Location: Vietnam

BrancoSoft Private Limited

BrancoSoft is a renowned software development firm that provides a range of services including application development, technology consulting, and IT outsourcing solutions.
With over 50 highly skilled IT professionals, the company has been delivering cost-effective solutions to small and medium businesses worldwide since 2011, under the name of Thoughtwaver IT Solutions.
BrancoSoft has earned the trust of over 370 clients across various industries, cementing its reputation as a reliable IT company.
Moreover, the company’s team of domain experts are highly experienced, with certificates from top institutes. They follow the Agile Methodology to ensure the delivery of quality outcomes for their clients.
Rate: $25/hr
Employees: 50 – 200
Established year: 2015
Location: India, UAE

Bitdeal

Bitdeal is a renowned provider of enterprise blockchain solutions, offering a comprehensive range of services and solutions to over 20 industries.
With a team of 200+ blockchain experts, they have in-depth knowledge of Blockchain, Cryptocurrency, and NFT. Moreover, their services include cryptocurrency exchange development, private blockchain development, DeFi development, NFT development, and more.
Our journey began in 2015 with the development of a feature-rich cryptocurrency exchange script. Since then, they have expanded their offerings to metaverse development and web 3 development.
Rate: $25 – $50/hr
Employees: 50 – 249
Established year: 2015
Location: India

Conclusion

The above listed companies are the key players in developing smart blockchain solutions for businesses. These blockchain development companies are helping enterprises adopt, implement and integrate blockchain solutions to enhance their productivity.
Moreover, these companies are also helping entrepreneurs enter the web 3.0 space with innovative products.
Looking to integrate blockchain into your business model or planning a new crypto venture?
Hire the best blockchain developers! Talk to our experts today!

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How to Create Your Own NFT Marketplace Like Rarible?

Rarible is one of the most popular Non-Fungible tokens (NFT) marketplaces in the world. It has been a hub for digital artists, collectors, and investors who want to showcase and trade their NFTs.

With over 1.7 million NFTs listed and 160K+ active users on Rarible,  it is one of the largest NFT marketplaces in the world. 

Rarible has seen over $600 million in total sales, with new transactions occurring daily. This growth is driven by the high demand for NFTs, quickly becoming the preferred way to collect and invest in digital art. 

The success of Rarible NFT Marketplace is inspiring NFT enthusiasts to build their own branded NFT marketplace.

In this blog, you’ll explore all about Rarible like NFT Marketplace development, features, and factors that decide the same!

A Brief Introduction to Rarible NFT Marketplace

Rarible Review 2022 : Pros & Cons Of Rarible NFT Market Place Explained !

Rarible is a decentralized marketplace platform built on the Ethereum blockchain that allows individuals to create, buy, sell, and trade unique digital assets. 

The platform offers a wide range of digital assets including NFTs (non-fungible tokens), which are unique, one-of-a-kind digital collectibles such as art, music, videos, and more. Rarible gives creators the ability to monetize their digital content and control its distribution, while also providing collectors with the opportunity to invest in unique and valuable digital assets.

With its transparent, decentralized nature, Rarible offers a secure, open, and accessible marketplace for digital assets.

What is a White Label NFT Marketplace? Check here:

Features in an NFT Marketplace Like Rarible

Here are some must-include features one can’t simply ignore while building an NFT marketplace:

Standardization

NFT marketplace standardization is crucial for the growth and development of the NFT industry. It will provide a consistent user experience, encourage the creation of more NFT marketplaces, and lead to greater competition and innovation.

By implementing technical standards and best practices, the NFT marketplace industry can move towards a more unified and accessible future for all participants.

Tradability

This platform is designed to simplify the process of buying and selling NFTs, providing a seamless and secure experience for everyone involved. Whether you are a seasoned NFT collector or just getting started, Tradability has everything you need to trade with confidence. 

NFT marketplace Tradability is a game-changing platform that offers a unique and efficient way to trade NFTs. With its user-friendly interface, advanced security measures, and competitive fees, Tradability is the ideal platform for both experienced NFT traders and those just getting started. Whether you are looking to buy or sell NFTs, Tradability is the perfect platform to help you reach your goals.

Scarcity

Scarcity is a key aspect of the NFT marketplace and contributes to the unique value of NFTs. However, it is not the only factor to consider when evaluating the value of an NFT. By understanding the importance of scarcity and considering other factors, collectors and investors can make informed decisions when investing in NFTs.

Interoperable 

Interoperability is an important feature in the development of NFT marketplaces. It provides a more user-friendly and accessible experience for collectors and artists, increases liquidity, and enables artists to reach a wider audience. 

As the NFT market continues to grow, interoperability will play an important role in shaping its future.

Liquidity

NFT (Non-Fungible Token) marketplaces are changing the way we buy and sell unique digital assets, and liquidity is a key factor in their success.

A marketplace with high liquidity attracts more buyers and sellers, resulting in a better user experience and growth of the NFT market. NFT marketplaces can increase liquidity by partnering with existing exchanges, offering a variety of payment options, and offering staking options.

How Does an NFT Platform like Rarible Work?

An NFT platform like Rarible is a digital marketplace that enables individuals and businesses to buy, sell, and trade unique digital assets known as non-fungible tokens (NFTs). NFTs are unique digital assets that use blockchain technology to verify their ownership and authenticity.

Here’s how Rarible works:

  • Creating an Account: The first step to using Rarible is to create an account. 
  • Depositing Funds: Next, you’ll need to deposit funds into your Rarible account. This can be done by connecting your wallet to Rarible, which supports multiple wallets such as MetaMask, Trust Wallet, and others.
  • Listing NFTs: Once you have funds in your Rarible account, you can start listing NFTs for sale. To list an NFT, you’ll need to provide information such as the NFT’s name, description, and price. You can also upload an image or video to represent your NFT.
  • Bidding and Buying NFTs: After NFTs are listed on Rarible, other users can start bidding on them. Bidding on NFTs works similarly to traditional auction bidding, with the highest bidder winning the NFT. 
  • Trading NFTs: Once you own an NFT, you can trade it with other Rarible users. To trade an NFT, you’ll need to list it for sale and wait for a buyer to place a bid. Once a buyer has placed a bid, you can either accept or reject the offer. If you accept the offer, the NFT ownership will be transferred to the buyer.

How to Develop Your Own Rarible like NFT Marketplace?

Non-fungible tokens (NFTs) are digital assets that are unique, and indivisible and can represent ownership of a specific item, such as art, music, or video.

NFT marketplaces, such as Rarible, have become increasingly popular in recent years, allowing artists, musicians, and content creators to sell their digital assets directly to buyers. 

Here are the steps to create your own NFT marketplace in 2023:

Choose the right blockchain

One of the most important decisions you’ll make when developing your NFT marketplace is choosing the right blockchain.

Rarible uses the Ethereum blockchain, which is the most widely used blockchain for NFTs. 

Design

Create a visually appealing and user-friendly platform with a clean and modern design. Make sure it is easy to use and navigate for both buyers and sellers.

User-friendly interface

Rarible is popular due to its user-friendly interface. To develop your own Rarible-like NFT marketplace, you’ll need to create a simple and easy-to-use interface for your users. 

This will make it easy for them to create and sell their NFTs, and for others to buy and own them.

Security

Security is a critical factor when developing an NFT marketplace. You’ll need to ensure that your platform is secure against hacks and scams. 

To do this, you’ll need to implement security measures such as two-factor authentication, secure storage of user information, and encrypted transactions.

Integration with Payment Systems

Integrate payment systems such as PayPal, Stripe, cryptocurrency wallets, or bank transfers to allow buyers to purchase NFTs easily.

Marketing and Promotion

Use social media, influencer marketing, and search engine optimization to promote the platform and reach your target audience.

Launch

Once all the development is completed, launch the platform and start accepting NFTs from creators. Monitor the platform to ensure it is running smoothly and make changes as needed.

How Much Does it Cost to Build an NFT Marketplace like Rarible? 

The cost of developing an NFT marketplace depends on a number of factors, such as the features and functionality you require, the size and complexity of your platform, and the development team you choose.

On average, the development cost of a Rarible-style NFT marketplace could range from $50,000 to $500,000.   

Developing your own Rarible-like NFT marketplace requires wise planning, development, and execution. But with the right approach, you can create a platform that will become a valuable addition to the NFT world.

For an easy-to-build and cost-effective solution, you can consider Rarible Clone – a White-label NFT Marketplace solution just like Rarible.

 

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Top 7 Web3 Trends for 2023

Web3 is the third generation of the World Wide Web. 

The technology not only aims to decentralize the internet but also gives users more control over their online data and interactions

As a result, the market for these technologies has been increasing in recent years and Web3 is expected to revolutionize almost every industry in the coming years.

Let’s go through the Top 7 Web3 Trends to Watch out for in 2023!!

Evolution of Web 3.0

The evolution of the web was to allow people to give value to other people. 

Web 1.0 comprised basic, static web pages put together by developers. 

To share stuff and communicate with people, one used tools like mailing lists and discussion forums. With the introduction of the mobile web, these websites grew much more common during that ten-year period.

Then came Web 2.0 where users started moving too much bigger websites that could collect data to make more profits instead of implementing better user experience techniques.

And now, Web3 is here to completely change the way people use the internet. 

This marks a new age of the web, a huge evolution in the way information is spread and how people connect with each other. 

Here are the Top Web3 Trends everyone must know in 2023:

1. Decentralized finance (DeFi)   

Decentralized finance is one of the most exciting web 3 trends for 2023. It’s a financial system built on blockchain technology that operates without intermediaries, such as banks.

DeFi offers a range of financial services, including lending, borrowing, and trading, all without the need for traditional financial institutions.

Read this detailed blog on Everything You Need to Know About Decentralized Finance (Defi) 

2. Non-fungible tokens (NFTs) 

Non-fungible Tokens are unique digital assets that are stored on a blockchain. They’re different from cryptocurrencies like Bitcoin, which are fungible and interchangeable. NFTs are set to become one of the biggest web 3 trends in 2023, as they allow artists, musicians, and others to sell digital assets that are truly one-of-a-kind. 

NFTs are typically built on blockchain technology, which provides a secure and transparent way to verify the ownership and authenticity of an NFT. This makes NFTs a valuable tool for artists, musicians, and content creators who want to sell their work as one-of-a-kind items and ensure that their work is protected from piracy and fraud.

The popularity of NFTs has exploded in recent years, with high-profile sales of digital art reaching millions of dollars. The market for NFTs has become a way for artists to monetize their work and for collectors to invest in unique digital assets.

3. Decentralized identity (DId)

Decentralized identity is a web 3 trend that allows individuals to have control over their personal information online. With DID, users have the power to control and manage their digital identity, instead of relying on centralized entities like Facebook or Google to store and manage their personal information.

The main advantage of decentralized identity is that it offers enhanced privacy and security. In a centralized identity system, sensitive personal information is stored in a centralized database that is vulnerable to data breaches and hacking. 

In contrast, decentralized identity systems use cryptographic techniques to secure personal information, making it much more difficult for hackers to access and steal this information. 

Additionally, because the data is stored across a decentralized network of nodes, there is no single point of failure, reducing the risk of data breaches.

Another benefit of decentralized identity is that it gives individuals greater autonomy over their personal identity information. With centralized identity systems, individuals must often rely on intermediaries such as banks, governments, and corporations to manage and verify their personal information. 

4. Decentralized Exchanges (DEXs) 

Decentralized Exchanges (DEXs) are a relatively new concept in the world of cryptocurrency trading and offer a different approach to traditional centralized exchanges. 

Unlike Centralized Exchanges where users deposit their funds into a central authority, DEXs are built on a decentralized blockchain network, which means that the user’s funds are stored directly on the blockchain and the exchange operates through smart contracts. This eliminates the need for intermediaries and the risk of central authority interference or theft of funds.

One of the key advantages of DEXs is their increased security. With no central authority holding users’ funds, the risk of a hack or theft is reduced. Additionally, because users’ identities are kept private, there is less risk of identity theft and fraud.

Another advantage of DEXs is that they offer more control and privacy to users. Unlike centralized exchanges where users’ data is collected and potentially shared with third parties, DEXs do not require users to provide personal information. 

This gives users more control over their data and eliminates the risk of data breaches or unauthorized access to sensitive information.

5. Decentralized Gaming Platforms 

Decentralized gaming platforms are a new type of gaming ecosystem that uses blockchain technology to enable players to own, trade, and monetize their in-game assets. In traditional gaming platforms, players do not have ownership rights to the virtual items they acquire, as they are controlled by the game developers. 

With decentralized gaming platforms, players have true ownership of their virtual assets, which are stored on a blockchain ledger, making them transferable and tradeable outside of the game.

The decentralization of gaming platforms opens up new possibilities for players, such as the ability to trade rare virtual items with others or to monetize their virtual assets through the sale of in-game currency or items. This also creates new opportunities for game developers, who can offer unique and valuable virtual assets as incentives for players to engage with their games.

Decentralized gaming platforms also provide a new level of transparency and fairness, as all transactions are recorded on a public blockchain ledger and can be audited by anyone. This eliminates the risk of cheating, fraud, or exploitation by game developers, as well as ensures that players receive fair compensation for their virtual assets.

6. Web 3 Browser  

A web 3 browser is a browser that is built to support the decentralized web. These browsers allow users to access and interact with decentralized applications, such as DeFi platforms and NFT marketplaces, without the need for a centralized intermediary. 

InterPlanetary File System (IPFS), allows users to access and share content without relying on a centralized server. They also have support for Web3 technologies like Ethereum, which allows for the creation of decentralized applications and smart contracts.

The goal of Web 3 browsers is to create a more open and decentralized internet, where users are in control of their data and have more privacy and security. Web 3 browsers also aim to reduce the monopoly of large technology companies and give more power to the users of the internet.

Some popular Web 3 browsers include MetaMask, Brave, and Opera. These browsers offer a range of features and functionalities, including integrated wallets, built-in support for dApps, and the ability to interact with decentralized networks and platforms.

7. Decentralized Web3 Applications 

Decentralized Web3 applications, also known as dApps, are decentralized software applications that run on blockchain technology. Unlike traditional centralized applications, dApps have no single point of control or failure, as they are powered by a network of nodes that run on a decentralized infrastructure.

One of the main benefits of decentralized applications is their ability to provide users with more control over their data and privacy. In a centralized application, data is controlled and stored by a single entity, leaving users vulnerable to data breaches, censorship, and other forms of exploitation. With dApps, users retain ownership and control over their data, as it is stored on a decentralized network that cannot be censored or altered by any single entity.

dApps also provide a new level of transparency and fairness, as all transactions are recorded on a public blockchain ledger that can be audited by anyone. This eliminates the risk of fraud or exploitation by intermediaries, as well as ensures that users receive fair compensation for their contributions.

Another advantage of dApps is their ability to create new business models and revenue streams, as they can leverage blockchain technology to create new and innovative ways of monetizing their services. This can include creating tokenized incentives for user engagement, as well as offering new forms of advertising and marketing.

Final Thoughts!

These are just a few of the top web 3 trends for 2023. The decentralized, autonomous, and open nature of web 3 technology is set to revolutionize the way we interact with the internet and with each other. Whether it’s through DeFi, NFTs, decentralized identity, or web 3 browsers, the web 3 revolution is set to change the online world forever. 

Altogether, 2023 is a great year for anyone looking forward to investing in the Web3 industry. If you too are ready to step into the Web3 world, get in touch with a reliable Web3 Development Company today!

 

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Top 10 Metaverse Trends and Predictions to Watch Out in 2023

The virtual universe, now better known as the Metaverse, has significantly gained global attention in the tech world.

As a result, startups and enterprises across the globe are rapidly adopting this concept of Metaverse.

While Meta focuses on creating virtual reality environments, giants like Microsoft and Nvidia have already started developing metaverse environments for collaborating and working on digital projects.

At the same time, the ones who believe that the future of the internet is decentralized and built on blockchain are experimenting with non-fungible tokens (NFTs) to enable ownership of digital assets and decentralized autonomous organizations (DAOs) designed to bring digital democracy to the virtual worlds we inhabit.

According to reports, the global metaverse market can reach a market size of $5 trillion by 2030.

As we move further in the new year, let’s go through the Top Metaverse Trends and Predictions for 2023.

1. Virtual Content Creation

3D modeling has been used for many decades in almost all industries, such as gaming, engineering, and architecture.

This industry is only projected to increase in value, reaching $6.33 billion in 2028. However, this number doesn’t include the metaverse space, which is predicted to reach

As consumers migrate to 3D space, the need for virtual goods increases rapidly.

The most common example is – Roblox metaverse which has over 47 million daily active users who can play games and exclusively create all items, characters, and environments.

2. Greater Integration with the Physical World

While the metaverse is a virtual world, it is becoming increasingly connected to the physical world.

In 2023, we can highly expect to see more examples of this integration, such as virtual events being held in physical locations or VR experiences being linked to real-world locations.

To understand this better, you can consider the use of VR in real estate. Instead of physically visiting a property, potential buyers can take a virtual tour of the property using VR.

Going by predictions, metaverse in real estate market share is expected to increase by USD 5.37 billion from 2021 to 2026, at a CAGR of 61.74%.

3. Rise of Metaverse Influencers

The metaverse has become a prime platform for marketing and advertising products and services. Having an interactive platform, allows users to engage with each other in real time.

This trend is also known as “metfluencing,” which refers to when an influencer leverages their popularity in the metaverse to influence other users. 

Brands are already approaching metaverse influencers to promote products or services, and the trend is expected to continue in 2023. It’s a unique way for brands to reach their target audience, and as the technology improves, they will become even more effective in promoting products and services.

4. Growth of Virtual and Augmented Reality Gaming

Gaming is already a significant component of the metaverse, and in 2023, we can expect to see even further growth in the virtual reality gaming industry.

VR gaming allows players to fully immerse themselves in the game, creating a more realistic and interactive experience and let them enjoy it to the fullest.

Talking about the numbers, the Global Metaverse in Gaming Market is projected to grow from USD 36.81 billion in 2022 to USD 710.21 billion at a CAGR value of 38.2% from 2022 to 2027.

Hence, you can expect more Metaverse Games built for Virtual and Augmented Reality in the coming years.

5. Development of virtual education and training

Virtual education and training are already being used in various industries and you can expect the trend to continue in 2023 as well.

The metaverse allows the creation of immersive and interactive learning environments that are accessible from anywhere in the world.

Virtual education and training offer a more flexible and cost-effective alternative to traditional education and training methods. Plus, they allow the creation of customized learning experiences tailored to the needs of the individual learner.

The global Metaverse in the Education market was valued at USD 4.39 Billion in 2021 and is expected to reach a value of USD 32.39 Billion by 2028 at a CAGR of 39.50% over the forecast period.

6. Increased Adoption by Businesses

The metaverse’s potential to transform how businesses interact with customers and clients has not gone unnoticed. Metaverse will provide businesses with the ability to work and collaborate in new and innovative ways, providing a new level of flexibility, cost savings, and improved customer experience.

By 2023, we can expect to see a significant increase in the adoption of the metaverse by businesses as a critical component of their digital strategy.

7. Rise of Decentralised Metaverse

One of the top trends for the Metaverse in 2023 is the rise of the Decentralized Metaverse. This means that the Metaverse will be run by a network of computers, rather than being controlled by a single entity.

This will provide users with more control over their virtual lives and ensure that they’re not subject to the whims of any one company.

8. The Sophistication of Metaverse Avatars

Metaverse avatars have come a long way since their inception. From simple 2D characters to complex 3D representations, they have evolved to become more sophisticated and realistic, reflecting the advancements in technology.

Metaverse avatars are expected to continue their upward trajectory, as technology advances and innovations emerge. The metaverse is poised to become an increasingly immersive and lifelike experience, where avatars will play a critical role in shaping the digital world of the future.

9. Motion Tracking

The use of motion-tracking technology in the metaverse will become more widespread in 2023. This will be driven by the increasing popularity of virtual reality and augmented reality experiences, as well as the growth of the gaming industry.

Motion tracking technology will become increasingly integrated with AI. This will lead to more intelligent and responsive virtual environments, as well as the ability to automate certain tasks and processes within the metaverse.

10. Increased Use of NFTs

Non-fungible tokens (NFTs) will play a significant role in the Metaverse, as they will be used to represent unique assets such as virtual real estate, collectibles, and more. The increased use of NFTs is one of the most exciting trends in the world of virtual assets and blockchain technology.

NFTs are unique digital assets that use blockchain technology to prove ownership and authenticity. The use of NFTs is expected to grow significantly in the coming years, providing new opportunities for users to invest in virtual assets and make real money.

The decentralized metaverse, virtual economies, virtual real estate, and integration of NFTs into social media are just some of the exciting trends to look forward to in 2023.

Check out this video to know more about NFTs and the Metaverse: 

Final Thoughts

The Metaverse is set to become a rapidly evolving space in 2023, offering a new and exciting way for individuals to experience life, work, and play.

The Metaverse is the future, and we can’t wait to see what it holds.

So, if you have an amazing idea and plan to create your own Metaverse, get in touch with a reliable Metaverse Development Company like Blocktech Brew right away!!

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