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Welcome to Day 3 of Web Summit, the world’s leading tech conference with over 71,000 attendees on Day 3. Based in Lisbon, Portugal, Cointelegraph’s ground team is ready to bring the most exclusive Web3, crypto and blockchain insights from the event.
During the first two days of the summit, some of the leading Web3 founders shared their views on the future of finance, the metaverse, and gaming. WAX CEO William Quigley told Cointelegraph that no traditional company will spearhead the next generation of Web3 games. He said the future is in a state of evolution, with both brands and users being important catalysts for growth.
The CEO of Yuga Labs has said that non-fungible tokens (NFTs) could bring a new form of digital ownership to the Web3 masses. Meanwhile, the CEO of Chainalysis shared his view on the rise in cryptocurrency hacks and how to mitigate them. Read on for more such exclusive insights from his second day of our live coverage.
The Cointelegraph team is back on the scene to bring you the latest and exclusive insights from the event.
Disclaimer: Don’t forget to check this article regularly to stay informed about the latest announcements from the event. All timestamps are in the UTC timezone, and the updates are in reverse order (most recent update at the top).
12:00: Cointelegraph Editor-in-Chief Kristina Lucrezia Cornr sat down with Seven Seven Six Founding Partner Katelin Holloway and Doodles CEO Julian Holguin to discuss the future of the NFT space. Regarding the mainstream adoption of Web3 and the importance of visuals, Holguin said that visuals help consumers overcome technical barriers, so they can reach users through any medium that engages them, whether visual or audio. said we need to focus on onboarding
The NBA top shot is probably the biggest new consumer onboarding to the NFT space, thanks to the power of visuals. In the short term, I think visuals will play an important role in onboarding, said Holguin. said Mr.
11:30 am: Prominent cryptocurrency investor Tim Draper has taken the next stage to discuss the state of the market and its funding aspects, suggesting that the bear market is making him more It’s the bull market that makes him nervous. His advice for 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 their money wisely to stay ahead during the bear market.
11:00 AM: In the next stage, Sir Tim Berners-Lee, founder of the World Wide Web, and John Bruce, co-founder of Web3’s company Inrupt, discuss the social and economic impact of Web3. Lee said the focus should be on efficiency rather than branding like Web3.
10:30 am: The first panel discussion on the main stage revolved around the future of cryptocurrencies with Cardano founder Charles Hoskinson, actor Ben Mackenzie, Slate journalist, Web3 creator Molly White, and more.
Mackenzie started the discussion by bashing cryptocurrencies and saying that El Salvador’s adoption of bitcoin was a failure. Hoskinson was quick to counter the “weird” notion, saying that cryptocurrencies are rethinking the financial system. It was a quick reminder that just as the United States does not use gold directly for trading, El Salvador uses it as a buy-money system.
9:30 am: Unlike yesterday’s overcast and rainy weather, today Lisbon is perfectly sunny. The Cointelegraph team is ready for his third day of action, but first, breakfast and coffee!
Unlike yesterday’s dull and rainy weather, Lisbon is absolutely sunny today
If the weather is nice tomorrow morning, I want to go surfing. pic.twitter.com/d9gXRcNHuV
Cointelegraph (@Cointelegraph) November 4, 2022
