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MIAMI, December 11, 2022 /PRNewswire/ — MiamiWeb3 Summit, one of the most important institutional Web3 events of 2022, co-organized by the miami cityleading blockchain company CTH Group and its affiliate Atlas, was held in the heart of downtown miami of November 28 to 30. With this year’s theme, “Go Beyond crypto to Embrace Web3″, the summit brought together more than 100 industry leaders to discuss the future of Web3 in front of nearly 1,500 attendees, providing constructive insights to move the industry forward.
With an all-star lineup of speakers, insightful topics, and full networking sessions on the main stage and six side events, MiamiWeb3 has become a globally relevant platform to drive meaningful discussion and results for the Web3 industry.
Raymond Yuanfounder and president of CTH Group and Atlas, expressed his gratitude to all the participants: “We are humbled by the kind words of appreciation and support from everyone. MiamiWeb3 is intended to be a bridge to bring the community together to discuss potential opportunities and build the future of Web3. We hope that MiamiWeb3 has shown the world that CTH Group represents the ideal global partner for any institutional Web3 need.”
A strong sentiment was echoed throughout the discussions that Web3 and blockchain technology will revamp traditional financial markets and are here to stay. Key themes from the first day of MiamiWeb3 included the need for more regulation while enabling innovation, Web3’s role as a revolutionary next step for financial markets, and the need for sensible value creation in challenging times.
Francisco SuarezMayor of miamidelivered a keynote address and fireside chat with native Web3 Julian Holguin, CEO of Doodles. Mayor Suárez said that he is excited that the summit will be held in miami and stated that Web3 in miami it was here to stay. As a vocal advocate for Web3, he emphasized the need for regulation, stating that it has to be regulation that doesn’t stifle innovation. Mayor Suárez went on to stress that it can be done if new emerging leaders work together with lawmakers to find the right regulatory benchmarks to ensure this technology helps people and creates democratizing investment and wealth creation opportunities.
Raymond Yuan delivered a State of the Industry speech following Mayor Suárez, sharing the six key points CTH Group has learned during the turbulent years. Trust the Web3 industry regardless of the current situation. crypto winter: “After ten years of development, Web3 is still a young industry. We need more secure and efficient infrastructures, more reliable and user-friendly applications, and a broader range of user portals. More importantly, we need better solutions and We need combine our achievements through technological innovations and tools to create a more practical solution. We are embracing the second decade of Web3, a decade of endless possibilities and profound impact.”
After Raymond Yuan and Mayor Suárez officiated at the summit, speakers came to share their diverse views on the changing dynamics of the industry.
Renowned Legislator Senator cynthia lummis of Wyoming discussed his perspective on crypto political, highlighting the current state of regulation and policies facing digital assets and the Web3 industry in the United Stateshow industry and government officials need to work together to shape these policies for adopting Web3 technologies, as well as the potential impact the Lummis-Gillibrand Responsible Financial Innovation Act could have on the industry.
According to the Senator’s perspective, the leaders of traditional financial institutions such as Franklin Templeton and Neuberger Berman shared equally optimistic views on what’s next. IDEG Institutional Sales Manager, christophe lee, moderated the session as panelists discussed their views on the future of decentralized finance (DeFi). Bloomberg Intelligence Senior Commodity Strategist, mike mcglonestated that this market will continue to evolve and crypto is here to stay. chuckBoss DeFi Official at S&P Global, he added: “Digital assets and blockchain technology are both a revolution and an evolution. The revolution changes the creation of new capital funds and influences human and financial interaction through the tokenization of everything.”
Representatives of the world’s leading think tanks, the Milken Institute, the Tony Blair Institute and the Atlantic Council, also weighed in on the Web3 lawsuit. benedict cooneyDeputy Executive Director for Technology and Public Policy at the Tony Blair Institute, he stated, “We continue to see a greater innovation mindset and adoption in frontier markets. Adoption is driven by the need for service.” nicole valentineDirector of FinTech, Center for Financial Markets at the Milken Institute, highlighted that “our conversations are driven by how Web3 needs to develop and generate real value for the real economy”, to which josh lipskySenior Director of the Atlantic Council’s Center for GeoEconomics, reiterated that “institutionally regulated stablecoins have an important role to play in disrupting global payments.”
The first day of the MiamiWeb3 Summit ended with an agreement among speakers and participants, echoed throughout the sessions, that there is room for disruption of traditional financial and non-financial industries and that Web3 and blockchain technology have a role to play. essential to perform.
The second day of the MiamiWeb3 Summit was opened by Dr. guang yang, Partner and Vice President of CTH Group and Atlas. He stated: “CTH Group, with its sister companies, represents the ideal global and APAC partner, bringing its unique crypto experience to miami (USA)”, putting into words what the guests had been thinking since the day before.
Following the warm opening, legendary venture capitalist Tim Draperfounder of Draper Associates and staunch advocate of digital assets, appeared on stage for a fireside chat with Henry loveManaging Partner of Fundamental Labs, on the outlook for the Web3 industry. Tim Draper said: “Redefining the existing real economy takes time. It doesn’t happen overnight. We look forward to continuing to attract the smartest people into this industry to evolve our economy of today into the economy of tomorrow. Web3 will transform legacy finance and those that innovate within the recession will do better. BitcoinDAO and Web3 are poised to revolutionize national economies.”
After the informal fireside chat, Anthony “Pomp” Pompliano, founder of Pomp Investments, a highly respected investor around the world Bitcoin and the entire Web3 business landscape, shared his insights in a fireside chat with kyle ellicott, COO of Fundamental Labs. Pomp said he is currently cautious about the market and risk averse. He highlighted the critical differences in traditional investment firms compared to Web3 investment firms, stating: “Bitcoin it is considered the riskiest part of a traditional portfolio. Nevertheless, Bitcoin, within a basket of digital economy, compared to the venture capital investments that I make, is the lowest risk asset. Institutions are already in digital assets. Free market economies allow people to build their own projects, bypassing legacy incumbents, who are slower to innovate.”
From the investors’ perspective, well-known Web3 ecosystem funds and emerging industry investors discussed investing in the future of Web3, from networks and platforms to applications and communities. The panel, headed by christoph leeIDEG’s Head of Institutional Sales, provided attendees with a unique opportunity to gain insight into the challenges and opportunities global investors face when investing in an ever-dynamic industry. david winFounder and General Partner of OP cryptoa fund of funds (FOF) and direct investor in Web3 projects, said: “We view investing in managers and projects as the same due diligence process. Managers find raising capital scarce and are likely to administrators reduce fees this time, compared to the bull market.”
Following the venture capitalists, discussions shifted to Web3 infrastructure and applications. Representatives of ava labsStratos, Partisia Blockchain and Concordia joined forces kevin lookIDEG CEO, to discuss the contributions of infrastructure and scalability solutions driving the underlying industry and its applications along with the interoperable future of the Web3 Foundation.
Speaking about the Web3 application layer, panelists dove into the rapidly evolving world of gaming by discussing on-chain assets in the game, interoperability between games, and the potential for the gaming industry to be a significant catalyst. for Web3 adoption. The panel was headed by Vinayak RaoDirector of Fundamental Labs. Featured speakers ranged from game infrastructure providers to full Web3 game developers, including David BennahumReadyGames CEO, jeremy horn, co-founder of Xterio, and Urvit Goel, vice president of global business development for games and platforms at Polygon. Mr. Bennahum highlighted that a good user experience for the player would drive relevant adoption of in-game assets, which in turn can drive Web3 adoption.
Representing another important sector of the entertainment industry, the film industry, Bill Kramerexecutive director of the Academy of Motion Picture Arts and Sciences, shared his unique insights on how Web3 can influence from Hollywood content distribution mechanisms in the future. Bill Kramer He emphasized that entertainment studios are seriously considering improving content distribution, stating, “While we are eager to embrace Web3 technologies, studios must guard against quality deterioration.”
Additional discussions wrapped up the second half of the second day of the summit, covering topics including regulation with the CEO of the Blockchain Association. christian smith and Bain Capital crypto‘s Partner and Director of Policy and Regulation, Tuongvy Ledigital identity with the SVP and Channel Chief of Unstoppable Domain, sand carterDecentralized Autonomous Organizations (DAOs) led by Bitstamp’s Chief Legal Officer, Rika Khurdayanthe future of the noexpendable tokens (NFT) post the 2020-2021 hype and how Web3 technologies could have a role in the sports and museum industry. Finally, the event concluded with a panel on our digital lives and the economy of the metaverses led by the Executive Director of Venture Miami, erick gavin and joined the panelists annie yiAmbassador to Theysverse, Louise Maria MargueriteFounder and CEO of Emojam and Jared McCluskeyFounder/CEO/CTO of The Mirror.
MiamiWeb3 Summit aims to return next year in 2023 to continue to provide institutions with a unique opportunity to be a part of the Web3 narrative and contribute to the future growth of the industry.
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SOURCE Atlas Technology Management
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