Web Summit Lisbon, Nov. 4: Latest updates from Cointelegraph’s ground team

Welcome backmost to time 3 of the Web Summit, 1 of the world’s starring tech conferences, with implicit 71,000 attendees connected the 3rd day. Stationed successful Lisbon, Portugal, Cointelegraph's crushed squad is acceptable to bring the astir exclusive insights connected Web3, crypto and blockchain from the event.

The archetypal 2 days of the acme saw immoderate of the starring Web3 founders stock their views connected the aboriginal of finance, metaverse and gaming. WAX CEO William Quigley told Cointelegraph that accepted firms apt won’t beryllium starring the charge successful the adjacent procreation of Web3 games. Sandbox co-founder said that the aboriginal of the metaverse is successful a authorities of evolution, with both brands and users arsenic important catalysts of growth.

Yuga Labs CEO said that NFTs could bring a caller signifier of integer ownership to the masses successful Web3 portion Chainalysis CEO shared his views connected the expanding crypto hacks and however to mitigate them. Read much such exclusive insights from time two of our unrecorded coverage.

The Cointelegraph squad is backmost connected the crushed to bring you immoderate of the latest and exclusive insights from the event.

Disclaimer: Don’t hide to cheque this nonfiction regularly to beryllium notified astir the astir caller announcements from the event. All timestamps are successful the UTC clip zone, and updates are successful reverse bid (the latest update is placed astatine the top).

10:30 am- The first-panel treatment connected the main signifier revolved astir the aboriginal of crypto with the likes of Cardano laminitis Charles Hoskinson,  Ben McKenzie histrion and writer astatine Slate and Web3 creator Molly White. 

Cardano laminitis Charles Hoskinson, histrion and writer Ben McKenzie discussing Bitcoin

McKenzie started the treatment by bashing crypto and calling El Salvador's Bitcoin adoption a nonaccomplishment since helium didn't spot galore radical utilizing it. Hoskinson was speedy to antagonistic the "bizarre" conception and said that cryptocurrencies are reimagining the fiscal system. On the question astir El Salvador, Hoskinson was speedy to punctual him that BTC is simply a integer commodity and El Salvador is utilizing it arsenic a bi-monetary strategy the aforesaid mode the United States doesn't usage golden straight for transactions.

9:30 am- Unlike yesterday’s gloomy, rainy weather, contiguous Lisbon is arsenic sunny arsenic it gets. The Cointelegraph squad is acceptable for the enactment connected time three, but archetypal meal and immoderate coffee!

— Cointelegraph (@Cointelegraph) November 4, 2022