Paris had the honor of hosting one of the top blockchain events of the year last April. In fact, the Palais Brongniart brought together the biggest crypto entrepreneurs on the planet for the Paris Blockchain Week Summit. New this year, Paris NFT Day preceded these two days of blockchain conferences with a focus on NFT. We were able to get to these events and bring you the best of these three days here.
Paris NFT Day: Make way for the NFT revolution
Chain of Events, organizer of the fair, wanted to honor NFT technologies by dedicating a day entirely dedicated to these technologies: the Paris NFT Day. On April 12, entrepreneurs, investors and individuals from all over the blockchain world invaded the Palais Brongniart to talk about this revolution.
You are aware that NFTs are the technological revelation of the last two years. Although older, this innovation was pushed to the front of the stage, leading to record sales. An example is the NFT job “Every day: the first 5000 days» of the artist Beeple sold for the modest sum of 69 million dollars.
With this widespread exposure, many fashion collections have emerged. Among the most fashionable, we can mention the crazy monkeys of the Bored Ape Yacht Club, present at Paris NFT Day. Owners of these cult NFTs were able to gather around a stand dedicated to this collection; the opportunity for them to discuss the developments in this trend and the next projects to follow.
This day was also an opportunity for younger projects to make themselves known and get feedback from users. For example, the Solid NFT project, present during the three days, was a great success. The company, which specializes in printing NFTs on physical media, was a trade show partner. We observed on several occasions people who came to their stand, purse in hand, to print your precious digital assets. Its technology makes it possible to bring digital works to life, bringing NFTs a little closer each day to their detractors.
In addition, we were able to discover the Nifty company that presents its purse dedicated to NFTs. The goal of the product is, like a Key Ledger, to be able to sign transactions during NFT exchanges. However, your device has a larger screen so the user can see their NFT and scroll through their gallery. Currently on sale, the Nifty case will be offered to the general public for $199.
Finally, Paris NFT Day also saw a series of conferences led by stakeholders involved in the crypto and NFT ecosystem. For example, the intervention of Patrick Mouratoglou during the conference “Financing the next Serena Williams”. The tennis player has captivated the public with his innovative proposal: the Ultimate Tennis Showdown (UTS). Through his project, Patrick Mouratoglou wishes to modernize tennis to make it a more enjoyable version to watch. Obviously, NFTs will serve as a technological overlay to attract viewers and gain a foothold in Web3.
Most of the discussions at NFT Day in Paris highlighted the interest of these technologies. On the one hand, NFTs provide a notion of decentralized digital ownership. On the other hand, these technologies suffer from their image with the general public and concrete use cases must be developed. However, a large majority of environmental actors agree that the development of these tools could not be done without all the abuses we have been through.
Paris Blockchain Week Summit: Blockchain From Every Angle
Following the start of the festivities kicked off during Paris NFT Day, the Paris Blockchain Week Summit put blockchain in the spotlight on April 13-14. Visitors who made the trip were able to browse the stalls of dozens of crypto projects and interact with those who bring this ecosystem to life. Among the must-see stands is that of Binance, whose giveaway wheel knew how to harangue the crowds.
Impossible to talk about Binance without saying a few words about CZ, its CEO. Present at the fair, CZ opened these two days at the Palais Brongniart with a conference on the main stage with a full house. In his speech, the CEO of the largest stock market in the world exposed the meteoric growth that his company has experienced since its creation. He even took the opportunity to reveal the secret of the platform’s success: “Binance is 2% strategy, 98% execution! It was also during this conference that CZ announced the opening of a €100 million incubator at the Station F startup campus in Paris. This partnership aims to accelerate the development of blockchain projects in France and more widely in Europe.
As for the Paris NFT Day, dozens of speakers followed one another on various stages to express their opinions on the future of this ecosystem. Dozens of pages would be needed to summarize the content of the conferences held during the Paris Blockchain Week Summit. However, we can extract some of the most compelling points.
First of all, all the speakers defended their attachment to this ecosystem and how nice it was to evolve with people who wanted to build the world of tomorrow. It remains crucial that early players in this environment flourish there so that blockchain values take precedence over profits. Obviously, everyone is there to make a profit, as one speaker had fun reminding us. However, the success of Web3 must continue to be the main driver of this machinery and the benefits a consequence.
So the word “regulation” was ubiquitous in most of the presentations. Certainly, this ecosystem has developed at full speed with fantastic successes like Binance. However, the laws established by the States must be respected and it will be important to establish a clear legal framework for the taxation of cryptocurrencies. It is on this condition that this environment will be able to find its place in the world economy.
Finally, there have never been so many people in this universe! The adoption of cryptocurrencies is comparable to the adoption of the Internet in the 2000s. When we know how pervasive the Internet is in our lives today, it is no wishful thinking to dream of global adoption in the next few years. Be that as it may, a total collapse of this ecosystem seems a little more unlikely every day!
A 2023 edition?
If you liked the program of the Paris Blockchain Week Summit 2022, you are not at the end of your surprises. In fact, the fair’s organizer, Chain of Events, has just announced that the 2023 edition will also take place in another emblematic place in Paris: Le Carrousel du Louvre! To organize yourself as well as possible and to be able to arrive, write down the dates of these three days placed under the sign of the blockchain: April 25, 26 and 27, 2023.
Paris NFT Day and Paris Blockchain Week Summit have fully accomplished their stated mission: to provide an update on the ecosystem in early 2022. While prices are falling after the excesses of 2021, it was important see that the people who allow this environment to exist, continue to develop it vigorously.
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