The subject of this discussion with Taha Ahmed, Chief Growth Officer and Head of Web3 at Forbes was a bold and courageous venture by the media giant into Web3 innovations. With over a century of rich history, Forbes is now at the forefront of being transformed through the integration of blockchain technology, NFTs, and the metaverse into its operations.
One of the finest parts of this interview is how Taha sees himself in this great deal of steering Forbes growth strategy and Web3 projects, including the revolutionary Forbes Legacy Pass. The exclusive range of soul-bound NFTs promises great benefits to Web3 entrepreneurs and investors. This discussion mainly concentrates on how Forbes uses the technology of Web3 to revamp the media and the audience membership model. One thing they surely could do is towards virtual reality (VR) and augmented reality (AR) which creates an interactive and immersive experience for the user.
Partnerships with platforms such as Coinbase, Rarible, and Animoca Brands are underlined by Taha as offering opportunities to demonstrate how alliances engage education, innovation, and accessibility to the overall Web3 community. While Forbes has embraced the tenets of decentralization espoused under Web3, it also promises to be as steadfast in preserving trust and quality with regard to its future.
Taha further takes us into a bright vision to inspire the future of Forbes with respect to Web3, which includes international development, strategic partnerships, and an ecosystem that creates and nurtures the next-generation Web3 leaders.
The inquiry had been with regard to the heritage of Forbes as an institution of mass communication and information, a leader for more than one hundred years among the traditional media. The question that arose was: why did Forbes choose Web3, and what was the process through which the company moved in this direction?
It said, basically, for 100 years, Forbes has consistently been at the forefront of technological advancement and has supported entrepreneurship since its inception. The organization steers itself by rooting in the community and innovation, adapting the latest trends, and adapting with advanced technologies to keep up with consumer demands.
Web3 for Forbes is quite exciting and feels like the next big iteration for media and how content is consumed; they believe, over the next decade, different models of Web3 are going to gain mass appeal, and, as such, building these capabilities right now will put Forbes ahead as it enters the future.
With the intention of using the purpose, Forbes has delved extensively into Web3 for the past several years. The organization quickly became one of the first to turn one front cover of the publication into an NFT and create a permanent presence in the metaverse, as well as have Web3 wallet authentication on Forbes.com, one of the top 35 domains on the web. Last year, the company also launched its lists on the blockchain, including the well-renowned U30 list.
Forbes Legacy Pass is its latest initiative: an exclusive collection of 1,917 soul-bound NFTs for Web3 leaders, builders, investors, and entrepreneurs. The initiative will focus on providing great utility and benefits, providing an opportunity to meet the Web3 community and to build ties within the space.
Do elaborate on your partnerships and collaborations with platforms like Rarible, Animoca Brands, and Arts DAO. Thus, these have been strategically crafted partnerships so as to capture value to audiences whilst leveraging the capability of a global network to Legacy Pass members and the greater Web3 community.
Besides this, other collaborations with Rarible include the art contest: the contest to highlight and promote new digital artists within the Web3 ecosystem. The winning artwork was broadcast on the billboards in Times Square.
How will Forbes Web3 maintain that tradition of trust and authority while navigating the decentralized and often unpredictable terrain of the Web3 environment?
Forbes Web3 protects its heritage of trust and authority through a commitment to producing superior content, transparency, education, conscientious partnerships, and constant change. Such is the reinforcement of Forbes’ core culture of being a repository of reliable information. Thus ensuring that this standard is not only maintained as the digital economy undergoes evolution and expansion but also picks up the pace with the advancements.