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The opening day of the 22nd edition of World Blockchain Summit –Dubai 2022, under the patronage of HH Sheikh Juma Ahmed Juma Al Maktoum, and cohosted by Rimaunangis, brought industry leaders, technology pioneers and web3 fans, all under one roof. The summit featured an opening address by Furqan Rassul, CEO, Elite Partner Investment and H.E. Abdulaziz Alnuaimi, Assistant Undersecretary, UAE Ministry of Economy, and industry heavyweights such as Reeve Collins, Dr. Marwan Alzarouni and Willem Middlekoop.
DUBAI, Oct 26, 2022 - (ACN Newswire) - Industry leaders presenting at the summit included Reeve Collins, Co-founder, SmartMedia Technologies, Co-founder, Tether; Dr. Marwan Alzarouni, Strategic Advisor, Digital Dubai and Willem Middelkoop, CEO and founder, Commodity Discovery Fund, to name a few.
During his address, Furqan Rassul, CEO, Elite Partner Investment quoted, “Since 2017, the World Blockchain Summit has brought together the brightest of minds in the blockchain industry, which is crucial given the blockchain's fast growing role and increasing importance in the global economy.”
H.E. Abdulaziz Alnuaimi, Undersecretary Assistant, Ministry of Economy, UAE, spoke at length about the blockchain and web3 ecosystem, stating, “Economic Paradigms are shifting, new technologies are shaping the economic landscapes, profoundly altering business and work. The latest advancements in blockchain and web3 are expanding the frontiers and the future is arriving faster than expected. To ensure our businesses remain competitive and future proof with ever changing landscape, we the business leaders and policy makers must keep track of technology development. Therefore, seeing so many distinguished delegates and entire blockchain and web3 community gathered here today is only inspiring”.
Reeve Collins, Co-founder, SmartMedia Technologies, Co-founder, Tether, also shared his thoughts on web3 and metaverse stating, “Web3 is going to change the way we use the internet, because we will have a much more interactive experience in all the websites that we go. Just like back in the 90s when everybody said "Oh we need a website", turned out everybody did, very soon everybody will be on metaverse, because it will be a better way and better experience for the users to interact with the internet.”
The opening day of #WBSDubai saw over 1000 attendees engage and network on some of today's most pressing questions in the current industry. The event featured enlightening sessions discussing the blockchain and crypto space. It also featured panel discussions, industry highlights, use-case-studies and much more.
The World Blockchain Summit – Dubai 2022 co-hosted by Rimaunangis, also provided startups with a platform to exhibit their innovative capabilities in front of global investors at the Startup World Cup pitch competition. Shipfinex, a company that is tokenizing maritime assets & simplifying investments, enabling Instant payments & a decentralized marketplace by using defi & web3 technologies, won an award for best startup.
"Dubai has positioned itself perfectly as one of the most crypto and blockchain friendly destinations in the world. With all the recent announcements around new crypto licenses being issued, Dubai Metaverse Strategy and more, we are super excited to have the web3 community come together at WBS to create meaningful collaborations and conversations that will shape the future of this industry." stated Mohammed Saleem, Founding Chairman, World Blockchain Summit (WBS).
World Blockchain Summit – Dubai, co-hosted by Rimaunangis is sponsored by:
Media Partners: Be In Crypto; TyN Magazine; CryptoNewZ; Crypto Academy; DxTalks; Women In Blockchain Canada; Bitcoin World; Coinspeaker; BinBits; Coinvestasi; Cointelegraph; The Cryptonomist; Coinstelegram; The Jordan Times; Security Middle East; Regtech Times; The Finance World; ACNNewswire; CoinsCapture; NFT24Studio; Cryptopolitan; Coinbold; Coincrunch; DX Talks; Media7; Gagsty; The Technology Magazine; Washington Elite; The Eastern Herald; Cryptera; Live Admins; The Business Year and Dverse.
The World Blockchain Summit's next stop is Bangkok, bringing together ASEAN's leading players in the space on December 8-9, 2022.
About World Blockchain Summit (WBS)
WBS hosts a global series of blockchain, crypto, metaverse and web3 business platforms that bring together the ecosystem of founders, developers, investors, regulators, enterprise buyers and influencers.
As the world's largest blockchain and web3 summit series, WBS has hosted more than 35,000 industry stakeholders at more than 20 editions in 10+ destinations around the world.
In collaboration with key industry stakeholders and our advisory board members, WBS curates a regionally relevant agenda for each edition that highlights the latest trends and upcoming opportunities in the market while also enabling deal flow, business development and more for our community of founders and investors.
WBS is committed to boosting the development, adoption, and growth of the entire web3 ecosystem.
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com
This post was co-written with Sachin Kadyan, a leading developer of OpenFold. In drug discovery, understanding the 3D structure of proteins is key to assessing the ability of a drug to bind to it, directly impacting its efficacy. Predicting the 3D protein form, however, is very complex, challenging, expensive, and time consuming, and can take […]
In 2018, the cryptocurrency world experienced a crypto winter that saw the value of assets fall below 70-95% of their original value. This period lasted from January 2018 to December 2020. Currently, the crypto market is experiencing another chilly winter with its devastating effects felt on the top market player – Bitcoin. Despite the adoption and market dominance enjoyed by BTC: it still felt the crippling power of the bearish market cycle. Various predictions and speculations by experts relying on past market cycles are all over the place. Related Reading: AVAX Sheds 50% Over The Last 60 Days – More Losses Ahead? With the last crypto winter lasting almost three years: investors and traders are puzzled about the length of this current bearish market trend. The crypto world is affected by the devastating effects of global players on the political scene. The Russia – Ukraine conflict has increased the pressure on cryptocurrency globally. Igor Zakharov, CEO of DBX digital ecosystem: notes that high inflation has spiked interest rates in the United States. The U.S is the biggest promoter of crypto and a dominant force. Shift Of BTC Holdings By Whales And Big players Data obtained from Coinbase Pro shows that the big institutional players have transferred large amounts of their BTC holdings. The BTC volume pegged at 48,000 BTC is worth roughly $940 million. These bitcoin assets; were removed from long-term holding positions with a time frame of three to five years. Surprisingly, the smaller and medium addresses have increased their BTC holdings: according to Santiment. From recent data, BTC addresses with holdings in the range of 0.1 to 10 BTC now hold a record-breaking 15.9% of BTC’s total circulating supply. BTC price has been in constant flux. With its recent price struggles around the $20,000 range noted. It has left experts puzzled about the actual length of the crypto winter. Light At The End For Crypto But amid the uncertainty, Rayne Steinberg, CEO of digital assets investment firm Arca, is quite optimistic. He expressed his thoughts that the market is generally closer to the end of this dark period. However, he pointed out that macroeconomic factors made it difficult to go into specifics. With macroeconomic factors like inflation taking center stage worldwide, Steinberg opted to water down false hopes but encouraged optimism. Due to Bitcoin’s current connection with S&P 500, BTC price has taken a beating since the general market drawdown. This bitcoin sync with the equity market might favor the bears. Related Reading: Uniswap Coin’s Bullish Trajectory Sets UNI To Breach $7 Level – Time To Buy? Some experts’ predictions had the price of bitcoin nosediving by as much as 20% as its relationship with the S&P 500 continues. Relatively other altcoins are also experiencing the chilling effects of the dip. Uncertainty has now taken root in the crypto world. Forecasts and past price data are speculative as the big players gear up to weather the storm. Featured Image From Pixabay, Charts From Tradingview
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