Privateness, Wearables, and Constructing a Safe Web3 Ecosystem: Interview With Mai Labs

Mai Labs — a Web3 agency headquartered within the Cayman Islands — showcased its Mayaaverse metaverse platform in India earlier this week. The agency demonstrated the platform that digitally traces India’s journey by historical past. Mayaaverse permits guests to discover historical Indian cities (comparable to Hastinapur) to present-day temples, trendy stores, in addition to photorealistic digital venues for dwell artist performances. Mai Labs plans to onboard content material creators, manufacturers, artists, and a brand new era of tech-savvy shoppers and audiences onto its immersive Web3 ecosystem.

Gadgets360 interviewed Mai Labs Chief Enterprise Officer Ashish Minocha and Chief Expertise Officer Khoushik Ananth to be taught extra in regards to the evolution of its metaverse ecosystem and the way these platforms can strike a stability between guaranteeing consumer privateness whereas stopping malicious exercise and safeguarding customers.

Gadgets360: How is Mayaaverse completely different from Meta’s foray into the metaverse?

Ashish Minocha: Mayaaverse differs from what Mark Zuckerberg is constructing with Meta in a number of methods. Meta is creating Horizon OS, however its lacked preliminary content material, whereas Mayaaverse prioritises content material alongside its technological choices.  Because it was developed in India, Mayaaverse caters to regional and cultural nuances extra successfully, whereas MayaaSDK and the Lumyn XR headset are geared toward creators and builders.  

In the meantime, MayaaVerse is device-agnostic, selling an open and democratised digital atmosphere and it focuses on making extremely practical digital environments accessible by primary {hardware} in order that it’s obtainable to a broader viewers.

Gadgets360: How do platforms like Mayaaverse strike a stability between defending consumer privateness and stopping misuse?

Koushik Ananth: We anonymise information to guard particular person privateness, guaranteeing private info is not uncovered, and use sturdy encryption for information in transit and at relaxation. Consumer information is saved in a devoted and extremely secured database separate from different operational information, minimising the chance of unauthorised entry. Customers also can view, edit, or delete their info and modify privateness settings.  

Alternatively, we now have designed Mayaaverse in such a manner that each entry is traceable to an actual human identification, by way of KYC. Common safety audits, moral information practices, and compliance checks assist us adhere to international information safety laws whereas delivering a personalised metaverse expertise.  

Gadgets360: How do photorealistic environments improve metaverse experiences?

Koushik Ananth: Creating photo-realistic environments for the metaverse includes crafting digital areas that intently resemble real-world settings. This contains utilizing superior graphics rendering for lifelike textures, correct lighting with dynamic shadows, and immersive spatial audio. Picture-realistic environments within the metaverse create a way of presence and realism.  

Moreover, physics simulation performs a vital function. It ensures that interactions with objects and actions throughout the atmosphere behave realistically, enhancing immersion. For instance, physics simulation permits objects to answer gravity, collisions, and different bodily forces similar to they might in the true world. This realism provides depth to digital experiences, making them extra participating and plausible.

Gadgets360: Does the Zero blockchain provide options not obtainable on rival platforms?

Koushik Ananth: Zero Layer Blockchain is a foundational blockchain protocol which doesn’t add layers on high of current buildings like conventional blockchains. As an alternative, it optimises the very base of the community. For India’s blockchain ecosystem, it brings elevated transaction velocity, diminished delays, and stronger safety measures.  

It additionally has an interoperability aspect that permits completely different blockchain networks to work collectively. We’ve additionally geared up the Zero blockchain with safety and compliance options required by Indian laws.  

Gadgets360: How can Web3 platforms ship a ‘protected and reliable’ ecosystem?

Koushik Ananth: Guaranteeing the security and trustworthiness of Web3 know-how requires a multifaceted method encompassing technical, governance, and regulatory concerns. This contains using encryption algorithms, adopting safe coding practices, and implementing strong authentication mechanisms to mitigate the chance of unauthorised entry and information breaches.

KYC procedures, in the meantime, contribute considerably to constructing belief and credibility throughout the Web3 ecosystem. Platforms should additionally prioritise consumer verification display a dedication to safety and regulatory compliance.  Complete sensible contract audits also can determine and rectify vulnerabilities that would compromise the integrity of decentralised functions.  

Gadgets360: How has Mai Labs has been obtained in India, in gentle of the sceptical method in the direction of the Web3 sector

Ashish Minocha: General, working a Web3 enterprise in India has been a singular expertise for us. As an organization, we do not totally subscribe to the idealised imaginative and prescient of Web3 — one with out intermediaries or boundaries, the place the world turns into totally permissionless.  

We imagine such a world is impractical. As an alternative, we champion Net H (Hybrid), or Net 2.5. We function as a permissioned ecosystem, regulated by design, combining one of the best of each Web2 and Web3. Transparency and decentralisation stay our core values.  

Some responses have been condensed and barely edited for readability. 

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