On October 18, a diverse group of enthusiasts and curious minds gathered for an event that promised to demystify the crypto world: #CryptoPH Conversations.
The event wasn’t just any meetup; it was a unique opportunity to dive deep into understanding crypto and Web3, all set in motion by BitPinas and co-presented by BLINC/BITSHARES LABS, with GCRYPTO as the key partner.
The event was a brainchild of Luis Buenaventura, known for his #CryptoConsultPH initiative, where he brings clarity to the often confusing aspects of cryptocurrency. Luis shared his insights with an eager audience this time, each member bringing intriguing and profound questions.
Surviving the Crypto Ice Age: The evening began with a discussion about navigating the most challenging crypto winter we’ve experienced, a period that saw not just a dip but a significant drop in market cap. Yet, the message was clear: this is familiar territory, highlighting the importance of resilience and a broader perspective beyond just the market numbers.
Starting a Journey into the Metaverse: Our attention then shifted to the metaverse, imagining a future where shopping in digital malls and attending virtual concerts are everyday activities. Excitement filled the room as we discussed its potential and conversations buzzed about how blockchain could be the foundation for these digital experiences once the metaverse becomes bigger. A key point made was that access devices need to be cheaper and internet accessibility more widespread for the metaverse to become more mainstream.
CBDCs – A Nod from the Authorities: Our conversation was interesting when we tackled Central Bank Digital Currencies (CBDCs). We pondered a world where central banks endorse digital currencies, considering a future where these currencies could exist alongside the more volatile cryptocurrencies. A key concern raised was potential censorship issues.
NFTs – More Than Just Digital Collectibles: Our journey continued through the diverse world of NFTs, moving beyond digital art to consider unique music releases and tokenized properties. It was clear that NFTs represent more than a transaction; they’re a heartbeat shared between creator and collector and that the underlying premise of proving unique ownership can have use cases beyond art.
When Physical Assets Go Digital: As the event neared its conclusion, we turned our attention to the tokenization of real-world assets. Everything from art to real estate is being tokenized, offering greater liquidity, inclusivity, and efficiency, and this might be the key to democratizing investments.
The closing thought was that the technology potential is still there regardless of the current bearish state of the market, price-wise.
As we parted ways, we took with us answers and a feeling of unity. #CryptoPH Conversations, initiated by Luis Buenaventura and BitPinas, supported by BitShares Labs and GCRYPTO, was more than an event—it was a testament to the shared curiosity and unbreakable spirit that propels crypto and Web3 forward in the Philippines.
Here’s to more enlightening events that educate and cultivate a community united by a passion for discovering the wonders of the crypto world!
Such gatherings as #CryptoPH Conversations remind us that we are all contributors in this fast-evolving domain, actively shaping the future through our questions and discussions.
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