Cointelegraph China, Cointelegraph and Cryptomeria Capital held the blockchain technology summit Epicenter: Web 3.0 and Cryptocurrency on Nov. 6 in Lisbon. Alchemy Pay and Neo were the title sponsors, while X Protocol, PlatON and Cross The Ages were the gold sponsors, and HECO was the bronze sponsor of the summit, with special support from Binance.
Developers, project founders and those interested in the future prospects of Web 3.0 were brought together in Lisbon for this immersive and thought-provoking event. Cutting-edge blockchain innovations were the focus of the event, which provided a thorough perspective of the great changes that Web3.0 will bring to both the industry and society as a whole.
According to Da Hongfei, founder of Neo, N3 is the latest version and most important upgrade of the Neo blockchain so far. For public chains, ecosystem-building is crucial to competitiveness in the market, in addition to performance, security and other technical competition.
Lili Zhao, ecosystem growth director of Neo Global Development, said that Neo is committed to building a solid infrastructure layer and app layer through protocols, and will work on infrastructure expansion and development in the future. Zhao also said that now is the best time for developers to join the ecosystem, as projects can apply for Neo development funding.
The summit featured six keynote speeches and four panels, including Neo founder Da Hongfei, Alchemy head of communications Pay Karmen Tang, Cross The Ages CEO and co-founder Sami Chlagou, Cryptomeria Capital managing partner Alex M, X Protocol chief operating officer Blair Zhao, PlatON chief technical officer James Qu, LongeVC managing partner Garri Zmudze, Near founder Illia Polosukhin, FTX business development lead Anthony Yoon, Neo Global Development director Lili Zhao, Cointelegraph editor-in-chief Kristina Lucrezia, MyMingo co-founder Odd Jørgen, Binance Eastern Europe director Gleb Kostarev, Cointelegraph China chief editor Ting Peng, DeFi Land team lead Erwin, Parsiq co-founder Martin Best, Tradelize chief operating officer Vitalis Elkins, MetaMundo chief operating officer Niek van der Voort, Cointelegraph creative director Anastasia Drenevskaya, Mynt.vc partner Eric Benz, Cointelegraph video journalist Giovanni Pigni, and Mensis Capital Singapore CEO and co-founder Christophe de Courson.
Alchemy’s head of communications, Pay Karmen Tang backed the statement that crypto payments could be the future of finance. The technology and infrastructure behind cryptocurrencies are in high gear, said Tang, and countries suffering high inflation rates such as El Salvador are now using cryptocurrencies as legal tender. Meanwhile, giants such as McDonald’s and Starbucks accept Bitcoin payments, which would have been unimaginable just two years ago. Tang said that embracing cryptocurrencies and decentralized finance can not only ease inflation, but also change the way we pay. She believes that 2021 is the start of the crypto era.
When it comes to data protection, PlatON chief technology officer James Qu added that data is a core factor in production and the core of PlatON’s ecosystem. PlatON involves thoroughly strategic deployment and has invested heavily in its underlying technology, privacy computing and artificial intelligence. According to Qu, PlatON is committed to providing room for different ecosystems to grow, and the team continues to improve various infrastructures and empower more top applications through privacy computing.
GameFi continues as a hot trend in the crypto industry
According to Sami Chlagou, co-founder and CEO of Cross The Ages, GameFi, a mix between gaming and DeFi will be an important part of the industry. He revealed that Cross The Ages has released more than 50 games, with offices located globally, including in Marseille, Budapest and Japan. The game was designed by 68 artists from Marvel, Avatar and other productions. An important element- NFT was also embedded into the game.
According to Chlagou, some designers are already selling these NFTs online, and at the time of his speech, were selling at an average of 20–30 ETH apiece, which reflects the popularity of the game as well as the GameFi industry.
Christophe de Courson, CEO and co-founder of Mensis Capital Singapore, added that from a traditional investment perspective, the more diversified the portfolio, the better it is. He stated that NFTs are an opportunity and good turning point for the tech to break into the mainstream market because they are easy to understand.
Why Metaverse matters
Blair Zhao, X Protocol’s chief operating officer, stated, “Metaverse is an immersive virtual world close to reality, an open-ended cyber world of the future. This property which spans both the physical and digital worlds is naturally suited to incorporate blockchain technology. It not only enables user data, digital goods, content and IP to circulate in the Metaverse, but also allows users and companies to create content and goods, which in turn makes it more prosperous.”
Zhao believes that blockchain technology can also create a fully functioning economic system in the Metaverse that is linked to the real world.
Cryptocurrency as an alternative investment
Illia Polosukhin, founder of Near, said that if the company’s goal is Metaverse seeing mass adoption, then methods and a framework for self-regulation that can be easily understood will need to be devised in order to prevent users from getting scammed. An idea he posed for this was improvements made to Metaverse itself, which would ideally detect criminal activities and scams early on, since educating everybody in the world on personal cyber security is an impossible task. Most people don’t understand how financial systems and computers work, he said, “so we need to make sure that all the technology we built is foolproof.”
Eric Benz, a partner of Mynt.vc, regards the Metaverse as an interesting opportunity to look at a very technical landscape, where boundaries and limitations don’t exist, and where an exponential human experience can be created. What users do there is efficient, fun and cheaper. “It's really about breaking down a lot of the frictions and the barriers that we see in the technology used today.”
Sami Chlagou believes that Metaverse is changing everything, so within perhaps two years, Cross The Ages will be using something completely different to create its world, with the COVID-19 pandemic accelerating the way Metaverse is being used. In addition, the Cross The Ages CEO opined that it’s just a matter of time before something really impressive will emerge in Metaverse.
Crypto as alternative investments
FTX business development lead Anthony Yoon sees cryptocurrencies as alternative investment options. He said that everyone has seen the increasingly growing interest in cryptocurrencies over the past year, from both institutional and individual investors. According to Anthony Yoon, investments in crypto assets are somewhat like hedge funds, because the latter is an alternative investment in the traditional space, and hedge funds will be investing in cryptocurrencies in the future.
Garri Zmudze, managing partner of LongeVC, hopes that cryptocurrencies can help fight disease. He opined that while cryptocurrencies are risky, their returns are higher than traditional investments. In the biotech industry, there is less acceptance of cryptocurrencies, and it can’t be said when that will improve. He revealed that LongeVC plans to introduce cryptocurrencies within the next five years, and hopefully new projects can increase its integration with blockchain and cryptocurrencies.
About Alchemy Pay
Alchemy Pay is an integrated fiat and cryptocurrency gateway solution for businesses. Alchemy Pay powers seamless crypto and fiat acceptance for merchant networks, developers and financial institutions, and powers adoption of blockchain technology by making crypto investment and DeFi services readily accessible to consumers and institutions in the fiat economy. Today, Alchemy supports over 60 countries with 200 payment channels and has touchpoints with more than 2 million merchants through partnerships with industry giants such as Binance, Shopify, Arcadier, QFPay and more.
Neo is an open-source platform driven by the community. It utilizes blockchain technology and digital identities to digitize and automate the management of assets using smart contracts. Using a distributed network, it aims to create a smart economy by building infrastructures of the next-gen internet and creating a solid foundation for mass blockchain adoption.
Launched in 2016, the Neo MainNet has been in stable operation for more than five years. Neo has launched the latest version, Neo N3, in 2021. It is a robust implementation with high throughput, enhanced stability and security, an optimized smart contract system, and a feature-packed infrastructure set to empower developer adoption and to accelerate enterprise-grade blockchain innovations.
About X Protocol
X Protocol is the first Metaverse application portal on Polkadot and Solana, integrating source gameplay and a land economics model, aiming to build an immersive STEAM platform in the blockchain field with its decentralized, secure and fast bridging solutions.
The Web 3.0-based X Metaverse enables cross-chain management of assets and predictive analysis of data aggregation between multiple heterogeneous chains, creating a metaverse value network of blockchains.
PlatON was initiated and promoted by the LatticeX Foundation. Based on the basic properties of the blockchain and supported by a privacy-preserving computing network, PlatON provides the next-generation internet with a basic protocol featuring “computing interoperability.” It builds a computing system jointly assembled by cryptographic algorithms such as verifiable computing, secure multi-party computing, zero-knowledge proof, homomorphic encryption, and blockchain technology to provide public infrastructure under an open-source architecture for global artificial intelligence, distributed application developers, data providers as well as various institutions, communities and individuals with computing needs.
About Cross The Ages
Cross The Ages is a universe in which fantasy and science fiction come together and clash. The two worlds share the single continent of Artellium. To the east lies Arkhanis, masters of magic and summoning. To the west, the city-continent Orbitalia is home to an ultra-connected multicultural people, Neurotechs, whose technology permeates through everyday life.The young Malkha, surrounded by her seven Primus, reigns from the capital, Babylonia. The Amortals are humans who have transferred their minds to super-AIs, run the corporations for which the citizen-shareholders of Orbitalia work.
HECO is an EVM-compatible public chain that provides blockchain developers with an efficient and low-cost on-chain environment for DApps, smart contracts and digital assets.