Welcome to the third day of the Web Summit, one of the world’s leading technology conferences with more than 71,000 attendees on its third day. From Lisbon, Portugal, the Cointelegraph ground team is ready to bring the most unique insights on Web3, cryptocurrencies, and blockchain from the event.
During the first two days of the summit, some of Web3’s top founders shared their views on the future of finance, the metaverse, and gaming. WAX CEO William Quigley told Cointelegraph that traditional companies are not likely to lead the next generation of Web3 games. The co-founder of Sandbox said that the future of the metaverse is in a state of evolution, with brands and users as important catalysts for growth.
The CEO of Yuga Labs said that NFTs could bring a new form of digital property to the masses on Web3. Meanwhile, the CEO of Chainalysis shared his thoughts on the growing cryptocurrency hacks and how to mitigate them. Read more about these exclusive updates from the second day of our live coverage.
The Cointelegraph team is back on the ground to bring you some of the latest exclusive insights from the event.
Disclaimer: Be sure to check this article regularly to be notified of the latest event announcements. All timestamps are in the UTC time zone, and updates are in reverse order (latest update is on top).
12:00: Cointelegraph Editor-in-Chief Kristina Lucrezia Cornèr sat down with Seven Seven Six founding partner Katelin Holloway and Doodles CEO Julián Holguín to discuss what’s coming up in the NFT space. Speaking of the widespread adoption of Web3 and the importance of visuals, Holguin said that visuals would help consumers overcome technical barriers, so the focus should be on engaging users through whatever mediums are available to them. attract, be it visual or sound.
“NBA Best Shot is probably the biggest addition of new consumers to the NFT space, thanks to the power of images, so yeah, I think in the short term, images play a key role in adoption,” Holguin said.
11:30 a.m.: Prominent cryptocurrency investor Tim Draper was next on stage to discuss market conditions and funding aspects of the market and said that bear markets do not worry him, rather it is the bull market that makes him more nervous. His advice to startups and projects: Raise as much money as you can during the bull market and don’t spend it. He added that companies should focus on using funds wisely during the bear market to stay ahead.
11:00 am: Next on stage is Sir Tim Berners-Lee, the founder of the World Wide Web, along with the co-founder of his Web3 firm, Inrupt, John Bruce, discussing the social and economic impact of Web3. Lee said the focus should be on efficiency rather than branding like Web3.
10:30 a.m.: The first panel discussion on the main stage revolved around the future of cryptocurrencies with the likes of Cardano founder Charles Hoskinson, actor Ben McKenzie, and Slate journalist and Web3 creator Molly White.
McKenzie started the debate by criticizing cryptocurrencies and calling the adoption of Bitcoin in El Salvador a failure, as he did not see many people using it. Hoskinson was quick to counter that “strange” idea, saying that cryptocurrencies are reimagining the financial system. As for the question about El Salvador, Hoskinson was quick to remind that Bitcoin (BTC) is a commodities and that El Salvador is using it as a bi-monetary system in the same way that the United States does not use gold directly for transactions.
9:30: Unlike yesterday’s gloomy and rainy weather, today Lisbon is as sunny as it can get. The Cointelegraph team is ready for action on day three, but first, breakfast and coffee!
Unlike yesterday’s gloomy, rainy weather, today Lisbon is as sunny as it gets ☀️
We’re tempted to go surfing tomorrow morning if the weather keeps treating us right. ♂️ pic.twitter.com/d9gXRcNHuV
— Cointelegraph (@Cointelegraph) November 4, 2022
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