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Consensus Review 2022: Web3, regulation, and optimism about the future of cryptocurrencies

"With Web2, it's all back to the huge platform, but with Web3, creators and contributors get incentives and benefits for their participation."

The consensus of the 2022 Data Encryption Conference was successfully completed in Austin, Texas. Despite the heat, it still attracted 17,000 participants from all over the world. The 2018 Consensus was held at the Hilton Hotel in New York and attended by 90,000 people.

In addition to the current state of the sales market, the topic of discussion activities at the conference also included Web3. Upcoming projects, and the optimism surrounding cryptocurrencies. RayYoussef, founder and CEO of P2PPaxful, praised the current turmoil in the crypto market. He said data encryption could be phased into a new design phase over the winter. We often see this project establish a channel of reality and empowerment."

MeltemDemirors, chief strategy officer, CoinShares I think the stock market bear market is a relatively minor hurdle for people who are really interested in data encryption. "I'm now seeing different types of cryptocurrencies and bags, some of which I haven't heard of yet," she said. For example, STEPN group is here, a complete mobile money making fitness campaign. The song NFT and Fashion NFT scenes are also large here. It's a new community I've seen and been exposed to, but it's really fun to see them come together and have their own events."

In his keynote address on cults, Demirors also commented on how to participate in rituals that build and share real identities, belief management systems, and lifestyle habits around emerging programs. "People no longer care about his position, his religion or the state's borrowing," she said. Cryptocurrencies are already playing this interesting role. According to the meme, bourgeois local community values will come together."

He also says his company sees good opportunities in winter data encryption infrastructure at this stage. Warden confirms the future of Web3, "There's Web2. Everything is back in the big channel, but with it Web3. Originators and promoters benefit and their participation." JustinBanon, founder of BosonProtocol, strictly implemented the influence of 2021 NFT trends and pushed the fashion community to join the NFT movement.

SoloCeesey, founder of Calaxy in the social media sales marketplace, shows that his agency has raised $26 million to develop strategic assets and is using it to expand its business. Despite the eye-catching improvements in Web3. Engineering projects, Peter Wall, CEO of AgroBlockchain, a crypto mining company, says the bear market is keeping miners from raising money. "There are only two ways to raise money for mining now, either by borrowing or by selling BTCS," he said.

Discussions around laws and regulations were also heavily discussed at the meeting, especially as a result of a series of control events. Most of the discussion revolved around US laws and regulations from both parties. Participants mentioned that laws and regulations from both parties are undoubtedly important developments in the industry. The meeting also stressed that stable monetary regulation and CBDC will be hot topics in 2022.

Demirors emphasizes the development of big data centers, semiconductor materials and other new data encryption infrastructure, which brings exciting market prospects for the industry. She also said that while most laws do not focus on making jurisdictions cryptocurrency-friendly, in the case of the United States, she hopes states like Texas will once again choose to favor approaches to data encryption measures like mining.

 

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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