On an episode of Decentralize with Cointelegraph, journalist Joe Hall covers the Paris Blockchain Week 2023, where he engages in discussions with significant figures from the blockchain and cryptocurrency sector during a recent banking crisis.
With the conference taking place against the backdrop of the closure of crypto-friendly Silicon Valley Bank and its impact on the industry, the importance of decentralized finance (DeFi) when traditional finance fails was emphasized by many. While the event focused on innovation in blockchain technology and the future of the Web3 industry, the crisis was on everyone’s minds.
Joe Hall speaks to several leaders in the Bitcoin, crypto, and Web3 space about topics such as Web3 mass adoption, the role of Bitcoin in current market conditions, and the metaverse.
The episode commences with a positive message from Pascal Gauthier, CEO of Ledger hardware, who delivered a speech on the main stage at PBW. Sergej Kunz, co-founder of 1inch Network, and Paolo Ardoino, chief technology officer of Bitfinex and Tether, discussed the power of Bitcoin in tackling problems in traditional finance, such as fiat inflation and the banking crisis.
The final part of the episode features perspectives from prominent figures in the industry, including Michael Amar, the chairman of Paris Blockchain Week, Robbie Young, the CEO of Animoca Brands, and Ryan Nitz, the head of solutions architecture at Coinbase. They discuss the transition of brands from Web2 to Web3 and offer valuable insights on the matter.