Introducing Smilodo Mall: the NFT bringing eCommerce to the Metaverse

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https://www.nationthailand.com/tech/ed-tech/40019135


This NFT project is enabling Web2.0 online shop owners to move to Web3.0 into the 3D space. The Smilodo Mall project is revolutionizing the way people shop by bringing the shopping mall concept to the Metaverse.

Introducing Smilodo Mall: the NFT bringing eCommerce to the Metaverse

Forget about the boring Web2.0 online shops, and dive into the 3D world powered by the latest Web3.0 technologies. Socialize, get entertained, and enjoy the deep product immersion while you are on your shopping adventure.

In 2021, Smilodo, a Swiss online shop builder launched the first iteration of its eCommerce SaaS Business by providing Web2.0 online shop services. “Now we will bring it to the next level by entering the Metaverse” states the Smilodo founder, CEO of Aeddon Ltd. Claude Steiner.

“We have the business experience, the eCommerce insights, the technological know-how, in short terms ‘the DNA’ to make this vision become a reality” Steiner further points out.

Smilodo already has an operational Metaverse mall prototype that is linked to its existing eCommerce SaaS Business, and the company is launching a closed beta run of its mall in Q4 2022.

To enter this closed beta the community needs to own a Smilodo Community NFT, which is, besides being the entry ticket, the user’s dynamic Avatar.

The community NFT is coming with additional incentives: a 5% discount on all items sold in the mall, and a 10% discount on the Smilodo Mall Space NFT that will be issued later, and early and exclusive access to further events and features.

After the closed beta run, Smilodo will prepare its Smilodo Mall space sale as a second NFT round in 2023.

Introducing Smilodo Mall: the NFT bringing eCommerce to the Metaverse

“You want to be a 3D shop owner? Or sub rent your 3D shop to other shop operators? Here is your chance!” Steiner states. The focus lies on SMEs who don’t have the financial background to develop a fully featured Metaverse solution themselves.

There are two other important aspects of Smilodo’s approach: Entertainment and Quality.

“People don’t want to go just shopping today, they want to get entertained while doing their shopping” the CEO concludes, and therefore Smilodo will provide this entertainment in the form of live concerts, exhibitions, in-Mall games, and art galleries.

Introducing Smilodo Mall: the NFT bringing eCommerce to the Metaverse

For this, there are some areas in our mall reserved especially for this purpose. These areas can also be rented by third parties.

The other aspect ‘Quality’ is also of the highest importance. “Selling products online demands the highest possible graphics quality and very short loading times”.

This is where currently available Metaverses fail. The client-side rendering approach they use comes with poor graphical quality and long loading times. “This is why we use server-side rendering, that enables us to provide the highest possible graphic quality and short loading times, even on devices without powerful graphic cards” Steiner declares.

Introducing Smilodo Mall: the NFT bringing eCommerce to the Metaverse

Published : August 20, 2022

Bitcoin king: Kill ‘Amazing Thailand’ and boot up Asean digital hub

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https://www.nationthailand.com/tech/ed-tech/40019117


Thailand must speed up investment in digital infrastructure if it wants to become the region’s hub of digital economy, the country’s top cryptocurrency chief said on Friday.

Bitcoin king: Kill ‘Amazing Thailand’ and boot up Asean digital hub

Jirayut Srupsrisopa, founder and CEO of crypto exchange Bitkub, was speaking to an audience of government and business executives at the “Metaverse Expo Thailand” in Bangkok.

Jirayut said digital infrastructure development in Thailand is currently at an early stage as the country transitions to the era of industrial automation.

But to keep up with global trends and stay ahead in the region, the government must accelerate investment in digital infrastructure, he added.

The goal for the next 10 years should no longer be “Amazing Thailand” but to become the “digital economy hub” of Asean, the Bitkub chief said.

He added that the coming Web 3.0 era would be characterised by artificial intelligence and extended reality (XR), which links the real and digital worlds via virtual and augmented reality applications.

He also forecast the e-sports audience would outgrow the audience for music and film in the future.

“The world will be changed exponentially in Web 3.0,” he said.

The value of the global Web 3.0 market is expected to reach US$81.5 billion (2.9 trillion baht) by the year 2030.

Bitcoin king: Kill ‘Amazing Thailand’ and boot up Asean digital hub

He also urged the government to collaborate with the private sector to develop digital infrastructure via big data, regulations and workforce training.

“We have to work together to strengthen Web 3.0 infrastructure, allow people to establish companies on the structure and unlock prosperity for Thailand,” he added.

Bitcoin king: Kill ‘Amazing Thailand’ and boot up Asean digital hub

Meanwhile, Nicole Nguyen, co-founder of APAC DAO, an Asia-Pacific Web 3.0 community, said that transparency and shared values are essential to create engagement in the Web 3.0 community.

Success of the community also depended on cooperation between government and private agencies, she added.

Nguyen also noted that Southeast Asian nations such as Thailand and Indonesia have advantages in terms of digital ability and talent resources.

“These countries are great in terms of resources to build up, but on the other hand their populations are tech savvy and very young,” she said.

Organised by Nation Group, the three-day “Metaverse Expo Thailand” runs at CentralWorld in the Thai capital until Sunday.

Published : August 19, 2022

By : THE NATION

Understanding crypto and digital assets is key that unlocks metaverse

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https://www.nationthailand.com/tech/ed-tech/40019115


Perhaps the best way to understand the metaverse is through the digital assets and cryptocurrencies that link the real and virtual world. Crypto and digital assets were previously seen only as standalone investments. However, the dawn of the metaverse has revealed their true and almost limitless scope.

Understanding crypto and digital assets is key that unlocks metaverse

The vast potential of digital coins, property and other assets is now waiting to be tapped by the public, said experts during the “Metaverse Expo Thailand”, organised by Nation Group in Bangkok on Friday.

Thai Digital Asset Association president Supakrit Boonsart said digital assets and currencies go beyond people’s expectations and are waiting to be taken advantage of.

“We cannot tell what the metaverse will be, but we know that for people with business ideas, it has rich opportunities to use technology to improve their products and services,” he said.

Natee Theppot, co-founder of digital lifestyle provider Om Platform, said people can use digital assets in many different ways, including by creating virtual cities to power urban development.

Tascha Punyaneramitdee, co-founder and CEO of metaverse ecosystem builder Alpha Venture DAO, discussed how cryptocurrencies enhance gameplay by allowing users to purchase items in games. However, their potential goes much further, as her company has proved by launching a crypto-lending service for farmers.

Sathapon Patanakuha, CEO of SmartContract Blockchain Studio, a decentralised finance (DeFi) company, said digital assets and cryptocurrencies are the transactional link between the virtual world and the real world.

“This is a new challenge that everyone must understand, but whoever understands it quickly will be able to adapt to the new world,” he said.

Understanding crypto and digital assets is key that unlocks metaverse

The experts also diagnosed the recent meltdown in the global crypto market as teething problems in demand and supply. The sudden collapse of popular cryptocurrencies and crypto-related companies wiped more than US$1 trillion off the market between May and July.

However, digital assets that meet the demand of consumers would remain healthy while less valuable assets disappear, Supakrit said.

The experts also advised that the government should supervise the crypto industry to ensure that investors know how to benefit while mitigating their risks in the market.

Published : August 19, 2022

By : THE NATION

Michael Jordan’s 1998 NBA Finals jersey to go up for auction

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https://www.nationthailand.com/life/sport/40019137


“The sky’s the limit” for a piece of memorabilia belonging to American basketball legend Michael Jordan that will go up for auction next month.

Michael Jordan's 1998 NBA Finals jersey to go up for auction

Jordan’s jersey from Game 1 of the 1998 NBA Finals, recently re-popularized by ESPN’s “The Last Dance” documentary series on Netflix, is being listed by Sotheby’s at $3 to $5 million. Bidding will be open from September 6-14 on Sotheby’s website.
 

Brahm Wachter, head of streetware and modern collectibles for Sotheby’s, said the jersey is one of the most significant artifacts from Jordan to come to the market.

“When you think of the arc of Michael Jordan’s career, and him coming to his last chance at a sixth NBA championship, the Last Dance really holds a special place in the hearts of all Michael Jordan fans,” he said.

The 1997-98 Bulls finished the regular season 62-20 before winning the NBA title, capping their second three-peat in a span of eight years.
 

In that title series, the Bulls beat the Utah Jazz in six games, with Jordan scoring the game-winning basket to seal the victory with 5 seconds to go. He was named the Finals’ most valuable player.

Jordan retired after the season, before returning for two years with the Washington Wizards beginning in 2001. He’s now a Basketball Hall of Famer who owns the basketball team Charlotte Hornets.
 

Published : August 20, 2022

By : Reuters

Buakaw stops MMA star Miura in 3rd round ahead of bare-knuckle debut

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Muay Thai legend Buakaw Banchamek beat Japanese MMA star Kota Miura by technical knockout in the third round of their Rajadamnern World Series’ exhibition match in Bangkok on Friday night.

Buakaw stops MMA star Miura in 3rd round ahead of bare-knuckle debut
Buakaw stops MMA star Miura in 3rd round ahead of bare-knuckle debut

Buakaw started slowly in the first round as he sized up his younger opponent, an internet heartthrob in Japan. The Thai veteran became more aggressive in the second round, launching a series of head kicks and flying knees while slipping the occasional counterpunch from Miura. In the final round, Buakaw launched a barrage of punches, flying knees and kicks to the head of his opponent, driving him into a corner with no chance of escape. The referee stepped in to protect the outclassed Japanese star from further punishment, declaring a technical knockout.

Buakaw stops MMA star Miura in 3rd round ahead of bare-knuckle debut

Buakaw is considered to be among the all-time greatest Muay Thai practitioners, having won the K-1 World MAX Champion, Shoot Boxing World Cup and World Muaythai Council World Championship in a career spanning over 250 wins.

This was his first return to Rajadamnern Stadium for 18 years, taking place ahead of his bare-knuckle fighting debut at BKFC Thailand on September 3.

Buakaw stops MMA star Miura in 3rd round ahead of bare-knuckle debut

Miura is the son of Japanese football great Kazuyoshi Miura. Also known as “King Kazu”, he rose to stardom after making his MMA debut last year.

Friday’s three-round exhibition was billed as Muay Thai versus kickboxing and helped to relaunch Bangkok’s historic fighting venue after the pandemic. Rajadamnern opened in 1945 and is known as Thailand’s oldest Muay Thai stadium.

Buakaw stops MMA star Miura in 3rd round ahead of bare-knuckle debut

The fight took place alongside eight other Muay Thai matches in an event dubbed “KAT Presents Legend of Rajadamnern: Kickboxing Exhibition”.

Published : August 20, 2022

By : THE NATION

Ten Hag calls for unity among United fans ahead of Liverpool clash

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Manchester United manager Erik ten Hag urged fans to stay unified ahead of Monday’s (August 22) Premier League clash with Liverpool as some supporters plan to protest against the club’s American owners, the Glazer family, before the game.

Ten Hag calls for unity among United fans ahead of Liverpool clash

United have come under fire from fans after losing both their opening games to sit at the bottom of the league table and also failing to secure transfer targets in the close season.
 

“I can only say the owners want to win and the fans, we want them behind the club,” Ten Hag told reporters on Friday (August 19).

“And I can understand sometimes but I am not that long in the club to see all the backgrounds. We have to fight together and be unified.”

United, who won the last of their record 20 English league titles back in 2013, will be looking for their first top-flight points under Ten Hag when they host Liverpool on Monday.

They have been handed an early boost with forward Anthony Martial back in training after missing the last two games with a hamstring injury, though it remains to be seen if he will be involved in the match.

Ten Hag was asked about Cristiano Ronaldo’s future at the club and the Dutch manager reiterated that the Portugal forward remains in his plans, amid intense speculation over the 37-year-old’s future.
 

“I don’t know why he’s a particular focus after Saturday, it was the team performance and the whole team’s attitude, including Ronaldo,” Ten Hag said. “He’s in our plans, that’s what I can say.”

Ten Hag said the team would stick to their game plan against Liverpool, who are 12th after getting a draw in both their games so far.

“I know the rivals, we are the rivals. We have to win every game, especially this game,” he added.

“It’s not different to motivate this team because my experience with them is they work really good on the training pitch,” he said.

“Of course, I would prefer to play them after they win 5-0 but it isn’t dreamland, that’s how it is. We drew twice too, so is it better to play us? I don’t know,” Juergen Klopp told reporters on Friday.

“We have to deal with all the situations. The whole world will watch it, let’s see how these heavyweights deal with the situation.”

Klopp’s side have pumped in 13 goals in their last three league meetings with United but the German said they cannot dwell on those results heading into the contest.

“The last two results, I knew already wouldn’t help this time. I couldn’t be less interested in the results from last season… It helps United to be more motivated if that’s possible,” Klopp said.

“This is a completely different game in a completely different situation.

“United can change nothing or everything, so it’s tricky preparation-wise, but it’s early and we don’t have a lot of info. It’s tough… United away will never be easy.”

Klopp said defender Joe Gomez will start after coming off the bench in their 1-1 draw with Crystal Palace while forward Roberto Firmino is also available after shaking off a minor muscle issue.

Published : August 20, 2022

By : THE NATION

Casemiro intent on joining Man United, Ancelotti says

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Casemiro wants to leave Real Madrid in order to sign for Premier League side Manchester United, coach Carlo Ancelotti said on Friday (August 19).

Casemiro intent on joining Man United, Ancelotti says

“He wants to try a new challenge,” Ancelotti told reporters at a press conference ahead of a league match at Celta Vigo this weekend.
 

“I think the club understand it because of what Casemiro has done for the club, because the person he is we have to respect his wish. Negotiations are in progress it is not yet official, but after hearing his will, what he wants, I think there is no coming back,” Ancelotti added.

Reuters understands that the 30-year-old midfielder is to sign a four to five year deal at United on wages of around 16 million euros ($16.10 million) per year.

United’s first offer to Real Madrid for the Brazilian is around 70 million euros, British media reports said.

Ancelotti said that Casemiro won’t make the trip to Vigo to play Celta on Saturday if the negotiations between Real Madrid and Man United continue to progress.

“If he leaves, if they reach an agreement we have resources to replace him,” Ancelotti added.
 

LaLiga and European champions Real signed France midfielder Aurelien Tchouameni, 22, to a six-year deal in June from AS Monaco. He is likely to be a long-term replacement for Casemiro.

Casemiro will leave Real Madrid as one of the most decorated players in the club’s history.

After joining the Spanish giants in 2013, the Brazilian won five Champions Leagues, three La Ligas, one Copa del Rey, three Spanish Super Cups, three European Super Cups and three Club World Cups.

Published : August 20, 2022

By : Reuters

Manchester United reach deal to sign Casemiro from Real Madrid

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Manchester United have reached an agreement with LaLiga champions Real Madrid for the transfer of defensive midfielder Casemiro, the Premier League club said on Friday (August 19).

Manchester United reach deal to sign Casemiro from Real Madrid

United said that the transfer is subject to the agreement of personal terms, British visa requirements and a medical.
 

Reuters understands that the 30-year-old is to sign a four- to five-year deal at United with wages of around 16 million euros ($16.1 million dollars) per year.

British media said United had closed on a deal worth up to 70 million euros for Casemiro, who has 63 caps for Brazil.

Earlier, Real coach Carlo Ancelotti said Casemiro wanted to leave Real to face a “new challenge”.
 

Casemiro’s addition will boost United’s options in midfield, with Ten Hag currently having only Fred and Scott McTominay as the regular players in that department.

United are bottom of the Premier League after losing both their opening games. They host rivals Liverpool on Monday (August 22) night.

LaLiga and European champions Real signed France midfielder Aurelien Tchouameni in June from AS Monaco, with the 22-year-old believed to be a replacement for Casemiro.

After joining the Spanish giants in 2013 from Sao Paulo, Casemiro won five Champions League trophies, three La Liga titles, one Copa del Rey, and three Club World Cups among other honours.

Published : August 20, 2022

By : Reuters

Ministry of Commerce – DITP to host Trade Logistics Symposium 2022, highlighting logistics for e-commerce and cross-border trade

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https://www.nationthailand.com/business/econ/40019133


The Department of International Trade Promotion (DITP), Ministry of Commerce is organizing the must-attend annual event, the Trade Logistics Symposium 2022 – one of Thailand’s largest logistics forums – the heart of trade logistics business efficiency building and development.

Ministry of Commerce – DITP to host Trade Logistics Symposium 2022, highlighting logistics for e-commerce and cross-border trade

Renowned speakers will take to the stage their perspective on logistics for e-commerce and cross border on September 1-2, 2022 at Lido Connect and on webinar.

Mr Phusit Ratanakul Sereroengrit, DITP Director-General states that DITP takes progressive measures to boost the logistics industry to conform to the policy outlined by the Deputy Prime Minister and Minister of Commerce (Mr Jurin Laksanawisit) which is fortifying the service sectors especially logistics business to ensure the continuity of logistics activities and enhance the capabilities of entrepreneurs. The Department organizes the Trade Logistics Symposium 2022 under the theme “Empowering E-commerce and Cross Border Logistics” to represent a knowledge sharing platform between the world’s foremost business leaders, experts and international organizations and logistics and international trade entrepreneurs. 

Ministry of Commerce – DITP to host Trade Logistics Symposium 2022, highlighting logistics for e-commerce and cross-border trade

As the highlights for this year’s symposium, participants will have an opportunity to meet with the distinguished speakers from top organizations. Topics include: 

“E-Commerce and Cross Border impact on the ASEAN’s logistics industry” – focusing on how do e-commerce and border trade affect logistics business in ASEAN by Ms Cecile Barayre-El Shami – Chief of Digital Economy Capacity-Building Section, E-commerce and Digital Economy Branch from UNCTAD.

“Guide tips to start Door-to-Door service” – highlight on the strategies of entering the transportation field in the delivery and what lies behind the factors which make the business keep going in the battlefield of competition by Ms Jamie Ko – Director, Regional Public Affairs and Policy and from the main service provider in the region – Grab.

“Fulfillment and Warehouse in the 21st Century” – concept of how e-commerce is driving new distribution and warehousing by Mr Nattapume Pavaratn, the President of Warehouse, Silo and Cold Storage Business Association and SVP Group Commercial, JWD InfoLogistics Public Company Limited.

“Collaboration is at the heart of the e-commerce logistics” by Mr. Behzad Goudarzian, Logistics Manager and Mr Pravin Shetty, Regional IT Manager of ISS Global Forwarding – an internationally recognized supply chain solutions provider.

Panel discussion “Time for logistics marketplaces platform in Mekong Region?” by Dr Piyanoot Sumrith, the President of Thai Transportation & Logistics Association, Managing Director and Founder of WeMove Platform, the Start-up newcomer that connects shippers and carriers by using technology, together with Ms Rachelle Alexis Lim, Executive Director of Strategy & Business Development from 2C2P Co., Ltd. – a full suite payments platform trusted by global businesses.

Interested person can register free of charge at www.tradelogistics.go.th/symposium. Discover other exciting opportunities in logistics at Facebook page: DITP.Logistics. 
 

Published : August 20, 2022

By : THE NATION

How does ending poverty help Thai society?

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https://www.nationthailand.com/perspective/opinion/40019138


This question was raised by one of my students in an English course titled “Social diversity and justice in Thai society”. It came along with a promise by the Prayut government to eliminate poverty in all provinces in just a few years, under its 20-year strategy.

How does ending poverty help Thai society?

Amorn Wanichwiwatana

Special to The Nation

I answered the student’s question by saying poverty is a real phenomenon whose eradication was very good news for Thailand and its ambition to become a developed nation. I still remember my high school teacher saying 30 years ago that our country was a major rice exporter and the majority of our citizens were farmers living in poverty and scarcity. This seemed like a status quo that we were programmed to believe and from which there was no escape. The riddle proved difficult to solve as successive governments battled a paradox: how can we reduce social diseases such as corruption while at the same time increasing the number of wealthy people.

It is very challenging to maintain prosperity while reducing social problems like corruption at the same time. This is very much like an equation where values always stand opposite to each other. Nevertheless, solving the equation is the task of government.

These days, it is common to see huge asset declarations by politicians and high-ranking officials. The average asset declaration is around 100 million baht (US$2.5 million). This might not compare with the huge riches owned by wealthy people in the developed world, but it brings a lifetime of luxury for well-to-do Thais.

A close friend of mine who happens to own a multibillion-baht company has been telling me for some time that Thailand is full of rich people on every corner. “Don’t overlook an old guy who walks by – he might have a trillion baht [a billion dollars!] in his bank account.”

I didn’t really grasp what she was saying until I noticed several unfamiliar names spending large sums for good causes. For instance, Komol Juengrungroengkit, owner of Aerosof footwear, paid over 300 million baht in a last-minute deal to ensure Thai football fans could watch the Euro 2020 tournament on TV. Komol is the elder brother of a more familiar name, Industry Minister Suriya Juengrungroengkit. Also, recently Joon Wanawith, the owner of Hatari – a well-known multinational electric fan manufacturer – donated 900 million baht to Ramathibodi Hospital.

How does ending poverty help Thai society?

Another friend of mine who leads a famous public rescue foundation confirmed that every year her foundation receives large donations from anonymous wealthy people. “There are a lot of them out there,” she remarked.

I believe the reason why Thailand now has so many rich and successful people is not due to the government alone. Many Thai-Chinese citizens send their kids for international education and, with their good connections, they can retain their wealth from one generation to the next without trouble. Elite universities like Chulalongkorn are full of well-heeled students who can afford to go overseas to gain international experience and practice their language skills during the summer holiday. Those who are filthy rich can even join exclusive private clubs such as the Royal Bangkok Sports Club (RBSC), the Polo Club, the British Club, you name it. A membership fee of around 1.6 million baht gets them access to these playgrounds of the rich, where business deals and high-powered romantic matches are made. Seemingly, these people build and maintain their wealth without any direct involvement by government.

Let’s go back to the original question of this article: What will Thailand gain by ending poverty and creating more wealthy people?

I am not saying that the wealth of all rich people should be scrutinised. But shouldn’t the government’s efforts to eradicate poverty focus more on the quality of the rich than the quantity?

Is it worth joining the developed world if white-collar crime is rampant and corrupt individuals still easily escape the long arm of the law?

The majority should not be left to bear the cost in a society where the cunning get richer while law-abiding citizens are left behind.

Amorn Wanichwiwatana, DPhil (Oxon), is a political scientist at Chulalongkorn University.

Published : August 20, 2022

By : Amorn Wanichwiwatana