Highlights - The Web3 Summit Dubai Series Successfully Concluded

Hosted by Web3 Summit, BlockNews, and LBank Labs, co-organized by Metastone Group, RWA Finance, CoinTime, Bika Global, L7, and Floxypay, with media partners Chain-Times, Techub News, TechFollow, and Followin, the "Web3 Summit" Dubai series of conferences has successfully concluded at Atlantis, Dubai, becoming a focal point of attention during the Dubai Blockchain Week. The summit attracted over 100 industry leaders, representatives from well-known institutions, professional investors, and thousands of attendees from around the world.

The "Web3 Summit" Dubai series aims to become an important platform connecting global Web3 and fintech projects, promoting industry development and collaboration worldwide through on-site dialogues, professional exchanges, and cooperative discussions. The summit gathered influential figures from various sectors, including experts in technology, innovative entrepreneurs, investors, and government representatives. Attendees shared insights and experiences regarding blockchain technology, digital asset markets, and fintech innovations, discussing industry trends and future opportunities.

Through this summit, participants were able to establish connections, exchange ideas, and build deep partnerships, injecting new momentum into the further development of the Web3 and fintech sectors.

The summit was inaugurated by Sheikh Ali Al Maktoum, the nephew of the ruler of Dubai. Sheikh Ali emphasized Dubai's progress in regulation and expressed full support for market participants, aligning with Dubai's demand for digital transformation and making it a preferred location for Web3 and blockchain businesses. He particularly highlighted how Dubai and the UAE support technological development through investor-friendly policies, providing a favorable environment for technological innovation.

Ms. Max, founder of BlockNews, then delivered a speech sharing her professional insights and future outlook on the Web3 field, especially with the upcoming Bitcoin halving. She emphasized the immense potential of Web3 technology and its future development direction. Additionally, Ms. Max introduced her background as the founder of BlockNews and her important role in promoting the organization of the Web3 summit. She stressed Dubai's position as an innovation center for the Web3 industry and highlighted the government's support for the development of Web3 technology as crucial. Ms. Max's speech received unanimous recognition and enthusiastic support from the attendees.

Kaia Wang, Global CMO of LBank, also delivered a speech, introducing the development history of LBank, the parent company of the event organizer LBank Labs, and the important measures it has taken to promote the development of the Web3 field. She urged attendees to actively participate in discussions, share insights, and interact with the industry. She looked forward to the cooperation and breakthroughs that this summit would bring to the blockchain and Web3 technology sectors and sincerely wished attendees an enjoyable time.

Professor Zhu Feida from Singapore Management University delivered an inspiring keynote speech titled "When Web3 Meets AI: Opportunities and Challenges." Professor Zhu stated that while existing AI models have shown great potential, they still face challenges in data privacy, fairness in executing specific models, and the creation and dissemination of false content. In these areas, the unique advantages of Web3 technology may play an important role. Professor Zhu also emphasized that digital natives represent a new stage and important direction of digitization, and the integrated development of AI and Web3 provides a new technological framework for enterprises across various industries to carry out digital transformation, offering broader coverage, lower costs, greater convenience, and stronger scalability, helping more industries further deepen digital transformation.

Robby Yung (CEO of Animoca Brands) believes that income inequality is not caused by capitalism but by "technofeudalism," a result of the siloed operation of large companies. Web3 empowers people with property rights and the ability to own a part of the network, allowing network participants to ally for common goals. Animoca Brands envisions Web3 fundamentally entering a world where everything is more interconnected; Web3 possesses a very strong community and culture that can coordinate the interests of stakeholders through these different cultures. The mocaverse and motorsports games under Animoca Brands are built on this foundation. Finally, he introduced that the OMA3 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 great medium for understanding history. Taking Lebanon's hyperinflation as an example, he pointed out that the underlying cause is a unverifiable system operating in a completely different way. The collapse of the banking industry in 2008, the Roman Empire, and the example of FTX illustrate the misalignment between public interest and personal interest. Chainlink believes that blockchain is the first opportunity in history to counter this, enabling a verifiable world. Chainlink ensures that 100 billion data points are transmitted to the chain, safeguarding $8.5 trillion in value since 2022, across thousands of applications from DeFi to gaming to enterprises. Chainlink's next step is tokenization, using the power of smart contracts for proof of reserves, with CCIP breaking down all blockchain silos in a verifiable and decentralized manner, reclaiming control of the future in verifiable financial markets.

During the summit, keynote speeches from different fields attracted the attention of attendees and sparked in-depth thinking and discussion. These speeches not only inspired participants' innovative thinking but also laid a solid theoretical and practical foundation for future cooperation and development in the Web3 and digital asset industries.

As one of the most notable 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 various real-world assets, participate in governance and high-yield protocols, actively engage in decision-making processes, and gain more profit opportunities.

L7, as a global leading asset management and traffic integration platform, shared four major product directions at the summit: CEX provides contract trading, spot trading, OTC, and derivatives services; DEX offers IDO functionality and plans to launch physical and virtual VISA cards, covering online and offline payments, and incentivizing liquidity providers through mining and staking.

Digital asset trading platform BIKA showcased its data performance over the past five years at the summit. BIKA has obtained dual financial licenses from Canada and the United States MSB, covering mainstream cryptocurrencies, and is committed to building a safe, stable, and trustworthy global top digital asset trading platform.

Floxypay shared innovative solutions for simplifying and optimizing cryptocurrency transaction management at the summit. These solutions include a cryptocurrency payment gateway, decentralized wallets, and the FXY cryptocurrency token. By providing intuitive crypto solutions, users are empowered.

Decentralized cloud computing service provider Exabits 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 gaming ecosystems, cross-chain bridge cooperation, and regulatory compliance. Experts revealed the main trends in Web development through insightful dialogues and in-depth analyses, opening new avenues for innovation exploration within the industry.

In the first panel discussion, Anna L, Chief Marketing Officer of Nulink, Alex Perisic, Business Director of Bit.Store, Devika Mittal, representative of Avalanche, and Jide Fashola, head of the technical integration department of Cardano, pointed out during the discussion on "User-Centric Scalability Approaches" that as the number of users increases, applications need to be able to handle more users accessing simultaneously while ensuring that system performance does not degrade. This means that applications need to have good user scalability, meaning they can effectively cope with the growth in user numbers 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. This way, even in the future, we can maintain good performance levels unaffected by user growth.

The second panel discussion, hosted by Eva Yi, Business Manager from LBank, featured Anthony Anzalone, CEO of XION, the founder and CEO of Star Atlas, Shubham Bhandari, head of the Manta Network ecosystem, Frank Yu, director of the investment department at IOBC, and Christiaan Eisberg, founder of Str8Fire. They emphasized that to achieve true decentralization and move towards Web3 gaming, the next generation of Web3 games needs to fully utilize features such as verifiable proof, asset ownership, and programmability. At the same time, there needs to be a focus on establishing genuine user acquisition and retention game loops, rather than just token speculation. What is truly worth noting is the unique advantages that Web3 games exhibit compared to Web2 games, which provide players with an unprecedented gaming experience and are expected to reshape the future of the gaming industry.

The third panel discussion, hosted by Sergey Sevantsyan, Global CEO of BIKA, featured Pati Murtazalieva, Vice President of Global Sales Operations at Sumsub, Dyma Budorin, CEO of Hacken, Alexander de Lorraine, CEO of Archblock, and Pierre Person, CEO of Usual. They discussed "Real World Assets, Stablecoins, Liquidity Maximization, Value Creation, and Regulatory Coordination," indicating that the potential explosion of the RWA track in the coming years is closely related to the development of infrastructure and the improvement of regulatory systems. Token standardization and compliance are essential paths for the development of the RWA track. Despite facing multiple challenges, the momentum for industry development remains positive.

The fourth panel discussion, hosted by Mitch Lacsamana, CEO of Metaverse HQ, included Abdelhadi Shahd Hassan, user growth leader at Takadao, Sebastian Forouzani, head of technology at Puffer Finance, partner at Interop Ventures, and Karel Kubat, CEO of Union. They collectively stated that users and traffic will become the main battleground for future Web3, and interoperability is undoubtedly a key area of contention, serving as an important breakthrough for the development of the crypto industry.

In the fifth panel discussion, Nico, Vice President of the Investment Department at MetaStone, Johnason Chan, co-founder of LBank, partners from Blockchain Founders Fund, and Fabric Ventures discussed "Venture Capital: Mapping the Route of the Crypto World," pointing out that VCs help promote the development and realization of Web3 projects by providing funding support and investment opportunities. These funds can be used for project R&D, marketing, team building, and other aspects, facilitating the growth and expansion of projects.

The sixth panel discussion, hosted by Lilly Douse, founder of MOV3, featured Sankha Banerjee, head of product strategy at Babylon, NIGO, CMO of TBC, and Bekir Seyhan, CEO of SC Group, who shared their unique insights on "Bitcoin, Crossing 2024." They discussed the potential development directions 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 "Web3 Infrastructure Foundation: Aiming to Co-Build Web3 Infrastructure and Scalability." The discussion was led by Mahmoud, COO of Trendx, Simon Baksys, Business Vice President of LayerZero, David Bennahum, founder of READYgg, Jessica Salomon, strategic head of Ora Protocol, and host Nico from MetaStone.

Main Sponsors of the Conference

RWA Finance, BIKA, L7, Floxypay, Shiba Inu, Exhibits, CratD2C, Whistle, Sage AI, Alien, LinkTo, Domi Chain, CESS, Linux, Gather, MT Capital, RS Capital, Meson, Tubes, Oasis, WPC, Spending Power, SC Group, Business Bay, 100X.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 Cooperation Partners

CoinDesk, Cointelegraph, Bitcoin.com, Coinpost, U.Today, The Block, CoinCodex, MarsBit, PANews, Block Beats, Odaily, Jinse Finance, TheNewsCrypto, Foresights News, BitouchNews, Meta Era, Blocklike, Milin, NewsBTC, CFB, Moledao, Chain Catcher, DeThings, SeeDAO, Whale Research Institute, SUWA, Meta Space, QuestN, CoinGape, LuluFriends, TokenPost, DroomDroom, Cryptonite, Investing.com, Jsquare, PyCrypto, Yahoo, Forbes, AMB Crypto, Bitcoin Addict, Crypto.news, Solly, CryptoNewsZ, The Blockopedia, NewsCrypto, Blockwee, Venture Capital Community, Wind, Crypto World Community.

Additionally, as part of the event, Web3 Summit, BlockNews, LBank Labs, and MetaStone Group co-hosted a cocktail party themed "Web3 Dubai" at the Hilton Dubai Al Habtoor City. This party provided attendees with a relaxing opportunity to exchange ideas in a casual atmosphere and celebrate the successful conclusion of the two-day summit.

The party featured delicious food and drinks, along with vibrant music and performances, creating a joyful atmosphere for attendees. At this party, participants shared their expectations and outlook for the future of Web3 technology and the crypto field, discussing the possibilities for innovation and development. This cocktail party was not only a celebration of the event's success but also aimed at strengthening community ties and promoting further cooperation and communication.

Cocktail Party Sponsors: Spending Power, Meson, Tubes, DeepLink

The two-day "Web3 Summit" Dubai series successfully concluded, making Dubai a focal point for market penetration and exposure, showcasing the grand blueprint for the future of cryptocurrency and Web3 technology. The gathering of the Dubai government, industry leaders, top venture capitalists, and ecosystem project builders collectively unleashed the immense potential of Web3 and sparked deep reflections on the cryptocurrency wave.

This summit not only brought vigorous development to the entire blockchain ecosystem in Dubai but also delved into various aspects such as cutting-edge Web3 technologies, regulatory policies, and future visions. Through exchanges and discussions, attendees deepened their understanding of the development of Web3 technology, explored future development directions, and injected new momentum into the industry's continued prosperity and innovation.