Interview with Sebastien Borget: “I present to you Artverse”

Sébastien Borget is the co-founder of the Artverse art gallery that we visited in Paris, and on this occasion, we were able to interview him.

Co-founder and Chief Operating Officer (COO) of The Sandbox, a decentralized virtual gaming platform, Borget has played a crucial role in integrating NFTs (non-fungible tokens) into the gaming industry, allowing players to create, own, and monetize their gaming experiences using SAND, the platform’s main token.

 

Borget’s career began with a solid academic background: he obtained a degree in Computer Engineering from Télécom SudParis in 2007 and a Master’s in Network and Telecommunications Systems from the Chinese University of Hong Kong in 2006.

Before founding The Sandbox, he co-founded Pixowl Inc. in 2011, where he managed an international team and oversaw the production and marketing of popular titles like Doodle Grub and The Sandbox, which reached over 40 million players.

In addition to his role in The Sandbox, Borget has been the president of the Blockchain Game Alliance (BGA) since 2020, a non-profit organization that promotes the adoption of blockchain technologies in the gaming sector. Under his leadership, the BGA has grown to include over 500 key industry members.

The Sandbox was included in the TIME100 list of the most influential companies of 2022 by Time magazine.

Artverse: Sébastien Borget tells us about his vision for the future

Sébastien Borget continues to be an influential figure in the evolution of the metaverse and blockchain technologies applied to gaming. His vision of a decentralized virtual world, where creators have full control and ownership over their creations, is shaping the future of digital entertainment.

With The Sandbox, Borget not only offers a platform for gaming, but also an ecosystem where innovation and creativity are at the center, opening new opportunities for developers, artists, and players around the world.

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Deploying smart contracts on the Ethereum blockchain

First of all, one or more developers must obviously create the smart contract by writing the appropriate lines of code, and then they must send it to the Ethereum network.

In technical terms, publishing it on the Ethereum blockchain means making all the nodes in the network receive and execute it. Once published, all instructions in it will always be executed by all nodes in exactly the same way.

Therefore, not only its publication but also the execution of instructions is irreversible once it is published on the blockchain.

Therefore, what really matters are the instructions it contains – which can be the most diverse – and how many people use it. Indeed, in order for the instructions of a smart contract to actually be executed, there must be one or more transactions that invoke them.

It is also worth remembering that these instructions generally involve the use of resources, such as data or tokens, so for them to actually be executed, all the conditions set as necessary must be met. 

Sometimes this data comes from outside, thanks to so-called oracles, while sometimes it simply comes from transactions on the blockchain.

Usually, the transaction that triggers the execution of the instructions contained in a smart contract involves the payment of a fee in ETH, and in many cases in order to actually trigger the execution also involves the payment or sending of tokens specific to the smart contract itself, or other smart contracts.

Technically, smart contracts are a type of account on the Ethereum blockchain, “controlled” by the network rather than a central entity. They can store ETH or tokens, and can also send transactions on the network autonomously.

A contract in the Solidity language would be like a kind of union of a code (the functions) and data (its state) located at a specific address on the Ethereum blockchain. Each contract contains declarations of state variables, functions, function modifiers, data structures and events.

The MiCA regulation, which came into force with the aim of uniformly regulating the cryptocurrency sector within the European Union, imposes new conditions that particularly concern:

  • – The mandatory authorization of crypto service providers
  • – The transparency of whitepapers
  • – The reserve requirement for stablecoin issuers
  • – Surveillance on systemic risks

One of the main impacts is precisely on stablecoins, like USDT, which will have to demonstrate that they have solid, transparent, and accessible reserve assets.

The platforms that wish to maintain the trading of these tokens within the European market will need to ensure that the assets are fully compliant.

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