Web3 Trends & Opportunities (The Web3 Transformation: What Awaits Us in the Future?) ─ 3rd Keynote Speech

Coinlive reporting at the “Web3 Trends & Opportunities” event in Singapore in which Coinlive plays host to our very first grand-scale summit! The third keynote speech by Lily Z. King, COO at Cobo, is titled “The Inevitable Future of Digital Asset Custody”. She explains that while Web2 takes your data, Web3 takes your asset instead, and that digital asset custody is actually the safekeeping of customer’s digital assets/private keys, and the foundation for a whole suite of related services to flourish ─ custody is basically the gateway to institutional adoption of crypto. Next, what about the trends shaping how institutions store their digital assets? She shares that the trinity of digital asset custody comprises of three aspects: users, technologies, and applications. Custodians need to cater to varying requirements of new user groups and keep up with and adapt to various new technologies. “The concept of Web3 is definitely going mainstream,” Lily adds. Lastly, she concludes that at Cobo, they believe the future of digital asset custody is full stack solution, unified user experience, programmability, and full decentralisation.