EP 55: The New Kid on the Block(chain): A Dive into Web 3.0 with Prakash Somosundram

Couchonomics with Arjun

Join Arjun on this riveting episode of Couchonomics as we embark on a journey from the nuances of Web 3.0 to the impending carbon economy. With gaming, metaverse, and blockchain as stepping stones, Arjun and his esteemed guest dive deep into the future of technology and sustainability.

Meet Prakash Somosundram, a serial entrepreneur with a flair for innovation in the digital advertising, startup, and blockchain realms. As the Co-Founder & CEO of Enjinstarter, Prakash is lighting the path for the next generation of blockchain gaming, metaverse experiences, and entertainment. With a stellar track record, his ventures echo with success, innovation, and a persistent drive for positive social impact.

Prakash demystifies the transition to Web 3.0 and the role of blockchain in shaping the new-age internet. As digital ownership and content security become the talk of the town, find out where Enjinstarter stands amid this digital revolution.

Experience a candid conversation about investment trends, AI's promising horizon, and the need for a new decentralized financial system. From the gaming hype to the rise of the metaverse, Prakash sheds light on the evolutions and revolutions that have marked Enjinstarter's journey.

In a world heating up faster than ever, Prakash shares a unique perspective on carbon credits, emphasizing its potential to become a significant asset class. How do businesses offset their footprint, and what's the next step for the global community?

Other Major Topics Discussed:

- The role of trust in Web3 projects and the impending need for regulations.

- An intriguing look at the global carbon trading landscape and companies leading the way.

- Unpacking the challenges and triumphs of initiating and operationalizing blockchain startups in today's dynamic environment.

- A discussion on the possibilities of bridging the funding gap through blockchain's transparency.

Arjun and Prakash's conversation is a testament to the exciting times we live in, as they bridge the worlds of technology, finance, and sustainability. Whether you're a tech aficionado, an environmental enthusiast, or someone intrigued by the ever-evolving world of startups, this episode is sure to leave you with insights, laughter, and a thirst for more. Dive in and let the Couchonomics session enlighten your day!

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Chapters

1. Teaser (00:00:00)

2. Friends of Couchonomics with Arjun (00:00:43)

3. Introducing Prakash and his view on Web3 (00:03:17)

4. Who is coming to Web3 party? (00:13:45)

5. Business model of Enjinstarter (00:21:32)

6. Impact & Sustainability (00:32:33)

7. Dubai and UAE in Web3 (00:43:28)

8. WorldCoin? (00:50:20)

9. Conclusion (00:54:00)