The Web3 Summit Dubai series of summits, co-organized by Web3 Summit, BlockNews, LBank Labs, co-organized by Metastone Group, RWA Finance, CoinTime, Bika Global, L 7, and Fluxypay, and co-organized by Chain-Tmes, Techub News, TechFollow, and Followin media, has now been successfully concluded at Atlantis Dubai and has become the focus of attention during the Dubai Blockchain Week. The summit attracted more than 100 industry leaders, representatives of well-known institutions, professional investors, and thousands of participants from all over the world.
The Web3 Summit Dubai series of summits is committed to becoming an important platform connecting global Web3 and financial technology projects, promoting global industry development and cooperation through on-site dialogue, professional exchanges and cooperative discussions. The summit brought together the most influential people from all walks of life in the industry, including experts in the technology field, innovative entrepreneurs, investors and government representatives. Participants shared insights and experiences on blockchain technology, digital asset markets and financial technology innovation, and discussed the development trends and future opportunities of the industry.
Through this summit, participants were able to establish connections, exchange ideas, and build deep partnerships, injecting new impetus into the further development of Web3 and FinTech sectors.
The summit was opened by Sheikh Ali Al Maktoum, nephew of the Ruler of Dubai. Sheikh Ali Al Maktoum highlighted Dubais regulatory progress and expressed full support for market participants, which is in line with Dubais need for digital transformation and makes Dubai a preferred location for Web3 and blockchain business. He particularly emphasized that Dubai and the UAE provide a good environment for technological innovation by supporting technological development through investor-friendly policies.
Ms. Max, founder of BlockNews, then delivered a speech, sharing her professional insights and future prospects in the Web3 field, especially with the upcoming Bitcoin halving day. She emphasized the huge potential of Web3 technology and its future development direction. In addition, Ms. Max also introduced her background as the founder of BlockNews and her important role in promoting the organization of the Web3 Summit. She emphasized Dubais position as an innovation center for the Web3 industry and stressed that the governments support for this field is crucial to the development of Web3 technology. Ms. Maxs speech was unanimously recognized and warmly supported by the participants.
Kaia Wang, Global Marketing Officer of LBank, also delivered a speech. Ms. Kaia introduced the global development of LBank, the parent company of LBank Labs, the organizer of the event, and the important measures it has taken to promote the development of the Web3 field. She called on participants to actively participate in discussions, share insights, and interact with the industry. She looks forward to the cooperation and breakthroughs that this summit will bring to the field of blockchain and Web3 technology, and sincerely wishes the participants a good time.
Professor Zhu Feida of Singapore Management University delivered an inspiring keynote speech entitled When Web3 Meets AI: Opportunities and Opportunities at the summit. Professor Zhu Feida said that although existing AI models have shown great potential, they still face challenges in data privacy, fairness of unique model execution, and the creation and spread of false content. In these areas, the unique advantages of Web3 technology may play an important role. Professor Zhu Feida also emphasized that digital native is a new stage and important direction of digitalization, and the integrated development of AI and Web3 provides a new technical framework with wider coverage, lower cost, more convenient use and stronger scalability for enterprises in various industries to carry out digital transformation, helping more industries to further deepen digital transformation.
Robby Yung (Animoca Brands CEO) believes that the problem of income inequality is not caused by capitalism but by technofuedalism, the result of the silo model of large companies. Web3 gives people property rights and the ability to own part of the network. Web3 enables network participants to ally for common goals. Animoca Brands vision is that web3 can essentially enter a world where everything is more interconnected; web3 has very strong communities and cultures that can coordinate the interests of stakeholders through these different cultures. Animoca Brands mocaverse and motorsports games are built on this. Finally, the OMA 3 Alliance is creating standards for playable content interoperability between games and the metaverse.
Johann Eid (Chief Business Officer of Chainlink Labs) believes that money and currency are a good medium for understanding history. Take Lebanons hyperinflation as an example. The reason behind it is that an unverifiable system is operating in a completely different way. The collapse of the banking industry in 2008, the Roman Empire and FTX all illustrate the misalignment between public and personal interests. Chainlink believes that blockchain is the first time in history that it has the opportunity to fight back against this counterattack. Chainlink makes this verifiable world possible. Chainlink ensures that 100 billion data points are transmitted to the chain, and has secured $8.5 trillion in value since 2022, from DeFi to games, to thousands of applications for enterprises. The next step for Chainlink is tokenization. Through the power of smart contracts to prove reserves, Ccip is breaking all the silos of blockchain in a verifiable and decentralized way, and verifiable financial markets are regaining control of the future.
During the summit, keynote speeches from different fields attracted the attention of participants and triggered in-depth thinking and discussion. These speeches not only stimulated the innovative thinking of participants, but also laid a solid theoretical and practical foundation for the future cooperation and development of Web3 and the digital asset industry.
As one of the high-profile projects in the RWA track, RWA Finance is committed to promoting the integration of traditional finance and crypto finance. At the summit, RWA Finance stated that it will provide high-risk control and a user-friendly interface, enabling traders to access a variety of real-world assets, obtain governance and high-yield agreements, actively participate in the decision-making process, and obtain more profit opportunities.
As the worlds leading asset management and traffic integration platform, L7 shared four major product directions at the summit: CEX provides contract trading, spot trading, OTC and derivatives services; DEX provides IDO functions and plans to launch physical and virtual VISA cards, covering online and offline payments, and incentivizing liquidity providers through mining and staking.
BIKA, a digital asset trading platform, presented its performance data for the past five years at the summit. BIKA has obtained dual financial licenses from Canada and the United States MSB, covers mainstream currencies, and is committed to building a safe, stable, and reliable global top digital asset trading platform.
Floxypay shared innovative solutions to simplify and optimize cryptocurrency transaction management at the summit. These solutions include crypto payment gateways, decentralized wallets, and FXY crypto tokens. Empowering users through intuitive crypto solutions.
Exabits, a decentralized cloud computing service provider, shared their mission and vision at the summit. In addition to simplifying the digital experience, they emphasized the importance of saving users time and improving their quality of life by providing more cost-effective solutions. By using decentralized cloud computing, Exabits is committed to bringing users a more efficient, convenient and secure digital experience while promoting the development of the Web3 industry.
The summit also covered key topics including halving, institutional infrastructure improvement, decentralized computing protocols, AI technology integration, DePIN, Web3 game ecosystem, cross-chain bridge cooperation, and compliance supervision. Through insightful dialogues and in-depth analysis, the experts revealed the main trends in the development of the Web and opened up new avenues for innovative exploration in the industry.
In the first panel discussion, Anna L, CMO of Nulink, Alex Perisic, Business Director of Bit.Store, Devika Mittal, representative of Avalanche, and Jide Fashola, Head of Technology Integration Department of Cardano, discussed the User-centric Scalability Approach and pointed out that as the number of users increases, applications need to be able to handle more users accessing at the same time while ensuring that system performance does not decrease. This means that applications need to have good user scalability, that is, they can effectively cope with the growth in the number of users without affecting performance. For highly optimized user-centric Web3 applications, we need to ensure that their scalability is based on the number of users that the system can handle simultaneously. In this way, even in the future, we will be able to maintain a good level of performance, regardless of user growth.
In the second panel discussion, moderated by Eva Yi, Business Manager at LBank, Anthony Anzalone, CEO of XION, Shubham Bhandari, Founder and CEO of Star Atlas and Head of Ecosystem at Manta Network, Frank Yu, Director of Investment at IOBC,
Christiaan Eisberg, founder of Str 8 Fire, emphasized that in order to achieve true decentralization and move towards Web3 Gaming, the next generation of Web3 games needs to make full use of features such as verifiable proof, asset ownership, and programmability. At the same time, it is also necessary to focus on building a real game loop for user acquisition and retention, rather than just token speculation. What is really worth paying attention to is the unique advantages that Web3 games have shown over Web2 games, which provide players with unprecedented gaming experiences and are expected to reshape the future of the gaming industry.
The third panel discussion was hosted by Sergey Sevantsyan, Global CEO of BIKA. In the discussion on Real-world assets, stablecoins, liquidity maximization, value creation and regulatory coordination, Pati Murtazalieva, Vice President of Global Sales Operations of Sumsub, Dyma Budorin, CEO of Hacken, Alexander de Lorraine, CEO of Archblock, and Pierre Person, CEO of Usual, said that the potential explosion of the RWA track in the next few years is closely related to the development of infrastructure and the improvement of the regulatory system. Token standardization and compliance are the only way for the development of the RWA track. Although the RWA track faces multiple challenges, the industrys development momentum remains positive.
The fourth panel discussion was hosted by Mitch Lacsamana, CEO of Metaverse HQ. Abdelhadi Shahd Hassan, Head of User Growth at Takadao, Sebastian Forouzani, Head of Technology at Puffer Finance, and Karel Kubat, Partner at Interop Ventures and CEO of Union, jointly discussed Interoperability and Cross-Chain Collaboration in the Web3 Ecosystem and stated that users and traffic will become the main battlefield of Web3 in the future, and interoperability is undoubtedly a battleground and an important breakthrough for the development of the crypto industry.
In the fifth panel discussion, Nico, Vice President of MetaStone Investment Department, Johnason Chan, Co-founder of LBank, Partner of Blockchain Founders Fund, and Partner of Fabric Ventures pointed out that VC helps promote the development and realization of Web3 projects by providing financial support and investment opportunities. These funds can be used for project research and development, marketing, team building, etc. to promote the growth and expansion of projects.
The sixth panel discussion was moderated by Lilly Douse, founder of MO V3, and Sankha Banerjee, head of product strategy at Babylon, NIGO, chief marketing officer of TBC, and Bekir Seyhan, CEO of SC Group, all shared their unique insights on Bitcoin, Beyond 2024. They discussed the potential direction of Bitcoin in 2024 and beyond, covering its impact on finance, technology, and society, as well as its importance to the cryptocurrency market and the global economy.
The seventh panel discussion focused on the topic of Web3 Infrastructure Foundation: Aiming to Co-build Web3 Infrastructure and Scalability. Trendx COO Mahmoud, LayerZero VP of Business Simon Baksys, READYgg founder David Bennahum, Ora Protocol Strategy Director Jessica Salomon and moderator MetaStone VP of Investment Nico discussed the topic together.
Major sponsors of the conference
RWA Finance、BIKA、L 7、Floxypay、Shiba Inu、Exhibits、CratD 2C、Whistle、Sage AI、Alien、LinkTo、Domi Chain、CESS、Emporiki Crypto、Linux、Gather、MT Capital、RS Capital、Meson、Tubes、Oasis、WPC、Spending Power、SC Group、Business Bay、 10 0X.win、WatchX、DeepLink、Copilot Venture Studio、Kitsaya Labs、Privasea、Mhaya Game、East Blue、Titan Network、Swarm、BTC Machines、Scallop、DeAi、Bee Wallet、Volcano X Capital、 1024 Network、Nulink、DappOS、Bit.Store、Master Protocol、TBC、ChainUp、Moledao
Media Partners
CoinDesk, Cointelegraph, Bitcoin. com, Coinpost, U.Today, The Block, CoinCodex, MarsBit, PANews, Block Beats, Odaily, Golden Finance, TheNewsCrypto, Foresights News, BitouchNews, Meta Era, Blocklike, Milin, NewsBTC, Chafang Blockchain CFB, Moledao, Chain Catcher, DeThings, SeeDAO, Whale Research Institute, SUWA, Meta Space, QuestN, CoinGape, LuluFriends, TokenPost, DroomDroom, Cryptonite, lnvesting. com, Jsquare, PyCrypto, Yahoo, Forbes, AMB Crypto, Bitcoin Addict, Crypto.news, Solly, CryptoNewsZ, The Blockopedia, NewsCrypto, Blockwee, Venture Capital Community, Wind, Crypto World Community.
In addition, as part of the event, Web3 Summit, BlockNews, LBank Labs, MetaStone Group, and ChainTimes co-organized a cocktail party with the theme of Web3 Dubai at the Dubai Hilton Hotel Dubai Al Habtoor City. The party provided participants with an opportunity to relax, exchange ideas in a relaxed atmosphere, and celebrate the success of the two-day summit.
The party not only provided delicious food and drinks, but also colorful music and performances, creating a cheerful atmosphere for the participants. At this party, participants shared their expectations and prospects for the future of Web3 technology and encryption, and discussed the possibilities of innovation and development. This cocktail party was not only to celebrate the success of the event, but also to strengthen community connections and promote further cooperation and exchanges.
Reception sponsors: Spending Power, Meson, Tubes, DeepLink, RS Capital
The two-day Web3 Summit Dubai series of summits was successfully concluded, making Dubai the focus of market penetration and exposure, showing the grand blueprint for the future of cryptocurrency and Web3 technology. The gathering of Dubai government, industry leaders, top venture capitalists and ecological project builders jointly released the huge potential of Web3 and triggered in-depth thinking on the cryptocurrency wave.
This summit not only brought vigorous development to the entire blockchain ecosystem in Dubai, but also deeply explored many aspects such as Web3 cutting-edge technology, regulatory policies, and future vision. Through exchanges and discussions, participants further deepened their understanding of the development of Web3 technology, explored future development directions, and injected new impetus into the industrys continued prosperity and innovation.
