Newest updates from Cointelegraph’s floor workforce

Welcome again to day three of the Net Summit, one of many world’s main tech conferences, with over 71,000 attendees on the third day. Stationed in Lisbon, Portugal, Cointelegraph’s floor workforce is able to convey probably the most unique insights on Web3, crypto and blockchain from the occasion.

The primary two days of the summit noticed a number of the main Web3 founders share their views on the way forward for finance, metaverse and gaming. WAX CEO William Quigley instructed Cointelegraph that conventional companies seemingly gained’t be main the charge in the next generation of Web3 games. Sandbox co-founder stated that the way forward for the metaverse is in a state of evolution, with each brands and users as important catalysts of growth.

Yuga Labs CEO stated that NFTs might convey a brand new type of digital possession to the plenty in Web3 whereas Chainalysis CEO shared his views on the growing crypto hacks and the right way to mitigate them. Learn extra such exclusive insights from day two of our stay protection.

The Cointelegraph workforce is again on the bottom to convey you a number of the newest and unique insights from the occasion.

Disclaimer: Don’t neglect to examine this text frequently to be notified about the newest bulletins from the occasion. All timestamps are within the UTC time zone, and updates are in reverse order (the newest replace is positioned on the prime).

10:30 am- The primary-panel dialogue on the principle stage revolved round the way forward for crypto with the likes of Cardano founder Charles Hoskinson,  Ben McKenzie actor and journalist at Slate and Web3 creator Molly White. 

Cardano founder Charles Hoskinson, actor and journalist Ben McKenzie discussing Bitcoin

McKenzie began the dialogue by bashing crypto and calling El Salvador’s Bitcoin adoption a failure since he did not see many individuals utilizing it. Hoskinson was fast to counter the “weird” notion and stated that cryptocurrencies are reimagining the monetary system. On the query about El Salvador, Hoskinson was fast to remind him that BTC is a digital commodity and El Salvador is utilizing it as a bi-monetary system the identical means the USA does not use gold straight for transactions.

9:30 am– In contrast to yesterday’s gloomy, wet climate, immediately Lisbon is as sunny because it will get. The Cointelegraph workforce is prepared for the motion on day three, however first breakfast and a few espresso!