Moritz Schildt: CeDeFi in Metaverse
During the past few months, I have been researching about?CeDeFi?use cases in different industries. Many interviews have been conducted with experts in the gaming industry as well as?Metaverse?and?DeFi?ecosystem’s pioneers; with the goal of creating a brainstorming database for the future.CeDeFi is the abbreviation of Centralized-Decentralized Finance and it refers to bringing the functionalities of both systems together. using CeDeFi we can have the privilege of an innovative financial product while it’s meeting the regulations.
CeDeFi is the abbreviation of Centralized-Decentralized Finance and it refers to bringing the functionalities of both systems together. using CeDeFi we can have the privilege of an innovative financial product while it’s meeting the regulations.
In this article, I will share the insights that I have gained by interviewing? Moritz Schildt , Founder of coinIX ?which is an investment Company focusing on blockchain technology and virtual currencies. Moritz is the managing partner of nordIX AG ?as well which deals with fixed income related to bonds and derivatives. He has not only a lot of experience in CeFi, but he is also contributing to the DeFi industry as well. Moritz is a member of the board at? Bundesblock ?and? Hanseatic Blockchain Institute e.V. which are Promoting the Blockchain Technology in Germany.
Mahsa: “How CeDeFi will create the next frontier of Esports in Metaverse? If we can create a Centralized-Decentralized Finance prototype in games which connects the digital wallet of the gamers and their centralized bank accounts, how will it change the gaming industry?”
Moritz: “I’m not a gamer. So I have little ideas about how the classical gaming industry is going to develop. However, I’m quite convinced that the way we look at gaming will migrate more and more into other activities.
We quite early had the idea of developing financial products which permit physical or just digital interaction between the investor and the client and doing something like having a choice joysticks kind of utility in order to define or to change the parameters of a financial product. There has been a trend to say that the ultimate client should be able to mix between a portfolio of mutual funds to get his or her individual tailored outcome. This is something that has been around in the financial industry for many years. And my feeling is that more and more People will ask how can I invest my money? this is a serious issue and they have to read through lots of paper and write facts to their banker to look at it.
Gaming would be entirely on the other side. People like gaming and to make the interaction with something in the finance sector more appealing, you offer them to just do something that’s related. There are some people who are doing pure gaming, and then they are getting offered an opportunity to invest some money and to get something in return for that.
Initially, people might look at it as a game reward kind of nonsense thing. but at some point in time people will avoid going to the bank. I can very well imagine that these two worlds will meet quite closely and this is an entirely new way to look at it.
Of course DeFi will make it much easier to do this kind of gamified interaction because we have instantaneous settlement and we don’t have this traditional order which takes two days until you get the securities you wanted to buy. That’s what I strongly believe will come at some point in time and it seems that the traditional banking sector underestimates the potential of this movement.
We were quite early in touch with the guys from a company called? Exporo AG ?which is based in Hamburg. They offer real estate investments in a cloud crowd financing setup. What I found fascinating with their offering is a permit that investors sit on the sofa on a Sunday afternoon and swipe to potential investment opportunities as they might do with Tinder or whatsoever and instantaneously say, I invest 1000 Euro into this real estate project in Berlin or wherever.
I strongly believe that you have to ensure that the risks and the process is properly done. However, from a convenience view, from the customer point of view, this is what individuals and particularly the younger generation definitely want. They don’t want to sit in front of a tight bank clerk who asks them to fill in hundreds of pages of paper.”
Mahsa: “How will Metaverse change the human interaction with Media as well as the financial services?”
Moritz: “Metaverse has enormous potential in helping people get individualized knowledge, support, and product offerings. I don’t know how it’s going to be; but I’m quite sure that there will be a virtual world which can be accessed via some glasses and we can get information from here and there.
I can very well imagine that people will at some point in time use avatars to discover things. We quite often see when it’s about consumption, people prefer to be anonymous. For example, this is something you can do when you do traditional online shopping.
However, this is only part of the experience that converts very well. So Financial Services has always been a little bit more tricky in terms of marketing. I did a talk on financial products and how they appeal to investors 20 years ago and what I have been saying since then is that there is an issue because you can’t touch them, you can’t smell them. You can’t have associations with a financial product because they are just fact based; even their names are long with long duration bonds. So it’s all very descriptive and factual.
I can already see a potential that more and more products that are for the purpose of being used as some investment opportunities will have the color and they’ll have a visual appearance. I always tell people that back in 1998, a friend of mine bought Amazon shares, and I told him I haven’t heard about this company. What is it about? He said they are building an online bookstore, and I said, Okay, that sounds interesting. Frankly, I can’t imagine that there will be an online bookstore. Because at that point in time, my 100% defined understanding of what a bookstore was; it’s a place that you walk in, you see a book, you touch it, you look into it, you go to the cashier and take it home with you. And the idea of replacing that was impossible to think about.
I’ve learned from that experience. it was the wrong decision at that point in time to be not able to consider a change in consumer behaviour, which significantly was driven by consumers being lazy enough to say I buy it from home.
领英推荐
I think the Metaverse can significantly widen the area of buying products online. then it will not be just filling in forms and pressing on Send. it will be much more than that and I think that’s an interesting development.”
Mahsa: “What would be the reaction of professional game players as well as the non-tech-savvy people to this new Gaming frontier? What if we can actually create a CeDeFi prototype which connects users’ in-game digital wallets to their centralized bank accounts? Would gamers like this or not? Will it encourage normal people to become professional gamers?”
Moritz: “My daughter has just joined a college in the USA. She plays Golf, basketball, soccer and E-Games. They even get scholarships for E-games, which was new to me. It’s difficult to look at it as a sport because sport for me means some kind of physical activity. Nonetheless, I fully appreciate that we have new professions and new qualifications to do things that we or our parents don’t ever think about as being something that you can do for your living.
If there’s a market, and there’s someone willing to pay for that, Metaverse has great potential in sports. having the ability to be digitally so close to the goal and the goalkeeper in the Metaverse and not seeing it from the fifth floor of the stadium would be so cool.
We see that when street artists perform something, people give them money. This is quite likely to work in a digital world as well. But we will move from real individuals to AI powered avatars. For example, you can perform in the Metaverse and other avatars who enjoy it will transfer you some coins to appreciate your skills.”
Mahsa: “What are some obstacles regarding banking in Metaverse games which need further research? For sure it will take some years until we reach the full potential of this technology; But what aspects should be researched to accelerate the progress and the mass adoption?”
Moritz: “Unfortunately we see a lot of shady offerings where people say you can make quick money by signing something or calling someone and you get the best of crypto and Bitcoin and so on. In many cases the money will be gone. So, education is really important.
Regarding the obstacles of the mass adoption of crypto, there are lots of psychological hurdles. People think it’s so technical. There’s no customer support and there’s no one you can call because it’s all digital. you need to keep your private key or the code word safe. It’s something that many people don’t feel comfortable with and they would like to have a trustable third party servicer.
However, if you give your private keys to third party servicers, then you’re less secure and that’s something that needs to be overcomed. I don’t know what it’s going to be but there should be an ultimate layer that makes the use of Crypto, Metaverse and DeFi easy for everybody.
It’s good to have regulations in this sector because people feel more comfortable when they see the stamp of this offering has been regulated. However, you can’t avoid high volatility by just putting regulation on something. And currently, all regulatory steps are geared towards more paper. the client has to be aware of this, and that and so many terms and conditions. That’s the wrong approach from my point of view. I have seen some people saying that they had no clue about Metaverse and DeFi and now they’ve discovered it and it’s so cool, and they want to invest all their money. This is very unreasonable and extremely risky. The more education we provide, the more we can avoid these unprofessional approaches towards the technologies.”
About Crypto Diva
I’m already in the Future… Meet me there! Blockchain Technology is my passion and I have dedicated my career and research path to DeFi. My ultimate goal is to encourage more female professionals in the DeFi industry.
As the Marketing Manager of?Paycer Protocol, I’ve got the privilege of being in close contact with CeDeFi experts who are creating the foundations the future financial world. I love to make the impossible possible and i’m willing to go the extra mile for that. Be my companion in my DeFi journey and I’ll show you everything.
Peace & Love,
Your Crypto Diva
Stay in Touch with Me: