'NFTs, Metaverse and DeFi Have Pushed Crypto Markets to All Time High' blockchain defi
Emmanuel Fenet:
We aim to become the main global go-to-event for blockchain in the long term. The recent pandemic highlighted a need for individuals and corporations to have meaningful exchanges about the ecosystem. Even if most interactions throughout the year are done online, PBWS is an excellent way for stakeholders to meet, collaborate and brainstorm.
The Bitcoin Mining Council can make a difference in this manner, and we are all looking forward to their contributions to the ecosystem. More organizations of the sort should be created in the near future, creating a global consensus on the matter. In the meantime, we definitely need to be careful of how this innovation will be conducted and ensure that this industry benefits all sectors, including corporations. Gaming is a great aspect of the Metaverse, but this new form of the web can also be applicable to corporations, facilitating communication between stakeholders.
Too many mistakes were made in the past where regulations were made without listening to contributors of the industry, resulting in policies that were not beneficial for all parties, including customers. There is no doubt that all stakeholders must be able to transact in a safe manner, but a discussion must take place on how we can actually benefit from this regulation. Regulation in itself should not be perceived as negative, as the emphasis should be made on policies.
Current prices observed in our market are based on very high demand. But if we look at the current supply, new digital goods are being built every day, justifying this high demand. I would also argue that the ecosystem is still in its infancy, where community members are trying different things based on consumer demand. This industry will continue to evolve, creating a path towards augmented NFTs, meaning that non-fungible tokens will be applicable to VR settings, such as the Metaverse.
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