Tag Archives: digital

Instagram is Embracing NFTs, You Can Show Your NFTs on Instagram Soon!

Love it or hate it, NFT is here to stay for a while. If you are not familiar yet, Non-Fungible Tokens (NFT) really took off in the past year. It started out as something of a trading alternative for artists in the digital space. It also stems from cryptocurrency, which is another completely different and large topic on its own.

The rise of NFTs does pave plenty of ways for artists and content creators to make millions in a matter of minutes, faster than ever before. There are always two sides of the coin though. Some may like the idea of NFT, some opposed it and thinks that NFT is just a fad. Then again, cryptocurrency is not everyone’s cup of tea either.

Instagram seems to be one that hopes that the NFT trend could boost their own popularity though. To be fair, this should not be something new. Instagram has been contemplating on allowing the sharing of NFTs on their platform for a while now. Recently, the thoughts have been put to action as announced by Instagram’s head, Adam Mosseri via Twitter and Instagram Reels.

This does not mean that Instagram is going to be a marketplace for NFTs though. It is a mere platform to showcase owned NFTs. According to Adam, there will be additional information provided with NFT postings. Information like who owns the NFT, for example, will be essential and shared with the posts. He also added that NFTs can be posted and shared across the platform without additional fees or costs.

NFTs on Instagram 🎉

This week we’re beginning to test digital collectibles with a handful of US creators and collectors who will be able to share NFTs on Instagram. There will be no fees associated with posting or sharing a digital collectible on IG.

See you next week! ✌🏼 pic.twitter.com/VuJbMVSBDr

Still, you do want to take Instagram’s stance on NFTs with a pinch of salt though. Adam Mosseri’s post says that they are just beginning the tests with a handful of creators and NFT owners. That also means that not all users might get to share their NFT contents just yet. It could pave a way for Instagram to become one of the NFT marketplaces in the future, depending on how its users receive the feature. For now, it will act like a gallery for NFT placements. If you wish to buy NFTs, you still should head to the appropriate marketplaces to make your purchases or bids.

What do you think about NFTs? Is this the right move for Instagram? Would you share your digital collectible on Instagram? Would you even buy NFTs off Instagram? Comment below!

Touch ‘n Go eWallet is Now More Than Just Payment with GO+

If you checked your Touch ‘n Go eWallet app these past few days, you would have noticed a new feature, or a new icon. You might have come across ‘GO+’. I know I have, and a few of our friends have asked us what it was before today’s official launch of Touch ‘n Go’s GO+. Now that it is officially launched, we can properly explain what GO+ is.

Welcome to GO+, your gateway to small time investments and mainstream financial services. Essentially, you are investing with Principal, an asset management platform anchored by CIMB. In turn, GO+ is anchored by Principal, in alliance with CIMB, specifically their e-Cash Fund platform.

GO+ will take advantage of Principal’s asset management platform to sort of make investments to grow your financial assets via Touch ‘n Go’s eWallet platform. By putting as little as RM10 into the platform will supposedly guarantee a growth rate of 1.43% per annum. While that may not seem like much, it is more than putting your money into your bank’s savings account or current accounts.

The growth is not credited over a year long period too. You get returns on a daily basis and the returns are credited to your GO+ account every day. That also means the growth is an immediately visible one. Principal also promises no risks to the platform, so you can be rest assured that you will only be seeing growth.

What makes GO+ even better for users is that because it is integrated with Touch ‘n Go eWallet app, you can transfer the funds from GO+ into Touch ‘n Go eWallet accounts immediately at any given time, and vice versa. It does not stop there though; you can transfer credits from GO+ to any of your registered bank accounts immediately too. You can even use your GO+ account to pay for things via Touch ‘n Go eWallet app. That also means with GO+, you are more flexible than anything else you can currently find on the Malaysian market.

To get yourself on GO+ now, you can look into your Touch ‘N Go eWallet app and immediately register and upgrade your account to a GO+ account. You can start investing with GO+ with as little as RM10. For now, the service is only available to Malaysian citizens above 18 years of age. The Touch ‘n Go eWallet app is available for free from Google’s Play Store and Apple’s App Store for Android and iOS respectively

Virtual Showrooms – the New Normal

Just a few days ago we see BMW launching their BMW X5 xDrive45 M Sport. In that launch they also launched an AR app that allows you to view the car in person via your smartphone. There is something lacking though, you do not get to get into the car.

There is another site that gives you a tour around the car though. They are also giving you a tour inside the car. You can also view other cars, not just a BMW. Welcome to the normal.

The site in reference is WapCar. The function is newly launched though so there are limited resources for now. Still, this is a sign of a new coming of age in the automotive industry.

Sure, you could go to any car manufacturer’s site to customise your car options and see the results of the customisation on a virtual image platform on the website. Technically what you are seeing here is not technically new technology. But you are probably looking at a revolution of an industry in Malaysia.

Source: Merceds-Benz

Customising your vehicle before you buy them is nothing new. You would want to buy a car that you want in specs and equipment list that you want, very normal. Usually, you would go to a showroom to look at the cars, get a feel, get a quotation, decide on what you need in the car, and buy them. Either that, or go to a car show, or exhibition held by showrooms or brands (there is one upcoming one by NAZA, by the way). That is the general norm in Malaysia. Customising cars on websites in Malaysia then, is not very common.

Since the COVID-19 crisis hits globally though, things have changed. We go out less, we are a bit more paranoid with people, we try to not crowd a place, and we also try to avoid contact with other people not in our bubble or even public objects that could be a bridge between you and other people. So, how do we buy things now?

The ‘new normal’ as they call it, sees a big boom in the digital space. Again, they are not technically new technology. Things like Shopee, Lazada, GrabFood, MyGroser, Tesco Online, Lalamove, GrabExpress, FoodPanda, GoGet, and such have existed forever (well; not forever, just for very long time). Thanks to the fact that you do not have to go out to get your food, your shopping, and your groceries done though, these platforms have thrived and we have grown to rely on them more than ever. Online shopping has become a norm.

Source: McLaren

Obviously, some people start thinking; “why does this new normal have to be limited to regular online shopping, delivery, and food services”? They do not. Lazada kicked off the market first with putting Volkswagen and Hyundai on their platform to sell cars, actual cars like the Volkswagen Polo and Hyundai i30. They also innovated a little more with purchasing properties when they partnered with Mah Sing Group. So, why not more of these? Especially with cars.

There is a problem though. Malaysians are not used to looking at cars virtually online. They like to walk around the cars, touch them, feel them, sit in them. We cannot do that now, can we? So online showrooms are the way to go. That way you get to do a ‘walkaround’ and ‘sit in’. The only thing you cannot do is test drive it or hear its engine note. We are pretty sure that the showrooms will not find it to be a problem to arrange for a test drive for you if you do give in a call though. We are certain too that they will follow procedure to properly sanitise the car and wear a mask beside you. You can request that too; no harm in asking.

Source: Mercedes-Benz

So back to virtual showrooms then. WapCar currently has only a few cars in their VR showroom. If you go to their website, you can browse through their catalogue of endless listings that even includes the likes of Bentley, Ferrari, and even McLaren (nope, no VR just yet, we would be excited for that though). As long as you see ‘VR’ pasted on the thumbnail, you can virtually ‘walkaround’ the car at least. There are even fewer cars with VR interior for now. They are slowly rolling out the feature to as many cars they can get their hands on though.

WapCar as a platform does show us what is possible in the new normal. It also shows a sort of alternative for Malaysia’s automotive industry future. Maybe we do not need a physical showroom that takes up huge spaces with not that many things put into it. Maybe all we need is a PC display to show us what we might get in the car. Better yet, maybe all we need is a VR Goggle to see what the car might look like on our driveway, or parking lot.

What about the showrooms? Why not just have these businesses set up online entirely? That may not seem to be such a bad idea, no? Maybe that also might make your car purchases a little bit more special since you really have to be patient. Who knows, it could be like unboxing your smartphone for the first time, or unwrapping your Christmas gift.