Shaping The Future Of Commerce With Lola Oyelayo-Pearson From Mysten Labs

Edge of NFT Podcast

English - November 27, 2023 20:05 - 38 minutes - 35.2 MB - ★★★★★ - 43 ratings
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Previous Episode: Dubai's Crypto Odyssey: AI, Gaming, And Blockchain Marvels Unveiled With Sui Foundation, Enjinstarter And Bitget

Next Episode: The Edge Of Gala: Diving Into The State Of Web3 Gaming With Michael McCarthy From Gala Games

The highest evolution Blockchain can achieve is becoming a part of the internet and ceasing to be the place where you go to trade. Lola Oyelayo-Pearson of Mysten Labs is actively shaping the future of commerce online by reimagining her path in the most significant way. She shares their unique model called kiosk and how it aims to change data and content ownership, making NFTs more accessible and seamless between Web2 and Web3 platforms. Lola also shares the genesis of Mysten Labs and how she utilized her vast experiences at Shopify to bring e-commerce to the next level!

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🔑 Key Takeaways:

◆ Everything on Sui blockchain is an NFT, changing the equation for what's possible in commerce

◆ Tools like Sui Name Service, Sui Wallet, Sui Explorer empower individuals and champion data/content ownership

◆ Kiosks enable creators to set transfer policies serving their business model beyond just royalties

◆ Loyalty programs flipped upside down through composable NFTs that update based on user behavior

◆ Access simplified with ZK Login while still maintaining security

◆ Builder Houses initiative touring globally to incubate workshops and demos on Sui ecosystem

💬 Quotes from Lola:

◆ My job is ten times easier because I don’t have to explain why it’s important to you. I simply have to solve that problem.

◆ As a creator, for example, our Sui Friends collectible project, our NFT, we have a condition that means all of our Sui Friends are sold within a kiosk. That means that every time we sell it or someone else sells it onward to secondary and tertiary sales, we get a percentage of a royalty fee back to Mysten.

◆ Imagine you can have a loyalty NFT on-chain. You are a loyal customer of brand A in response to your issuing and getting an account. It issues a loyal token on-chain. That loyalty token updates with your behavior. Every time you make a purchase, you go up in points.

◆ If your loyalty status was on the public ledger and at that moment, they could barter to offer another lounge your loyalty and attendance in a lounge, you get the benefit that other airline gets to acquire a potential user.

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