During the World Economic Forum (WEF) 2022, Sheila Warren, the CEO of Crypto Council for Innovation (CCI), sat down with Cointelegraph to discuss a range of topics including the state of crypto, decentralized autonomous organizations (DAO) and safety within the metaverse.
Reminiscing on previous WEF events, Warren started off by comparing the past WEF events to this year’s event. The CEO of CCI told Cointelegraph that she finds it amazing to see how projects that were just starting out in WEF events of 2018 and 2019 have now made themselves very well known. Warren said that:
“I'm finding that old acquaintances, some of the folks that we know from the business side, from the public sector, are just thrilled. And everybody wants to talk about blockchain and crypto.”
Despite the negativity surrounding the state of the crypto markets and the recent collapse of Terra, a very prominent blockchain project, the CEO of CCI remains positive and believes in the future of the space. She said that:
“Even given recent developments, I feel very positive because I feel like we are seeing, again, a contraction that's going to mean that very serious people remain in this space. [...] We want people that are serious about the opportunity and the potential this technology and innovation hold.”
Apart from these, Warren also shared her perspective on the metaverse and talked about the fluidity of going between digital experiences and real-life experiences that augmented reality is able to provide.
She explained that the metaverse will enable people to have a more “seamless identity across different spaces.” However, the CCI executive believes that this also comes with its own dangers.
Related: WEF 2022, May 23: Latest updates from the Cointelegraph Davos team
When asked about how to prevent Web2 and social media’s negative traits such as harassment and trolling from being brought to Web3, the CCI executive mentioned that the community may combat this through DAOs.
With DAOs, Warren explained that DAOs have screening mechanisms that serve as a gate to people who want to perform negative acts. With this, each member puts in efforts to stay a part of the community.
Meanwhile, in the same event, Brooks Entwistle, senior vice president (SVP) at Ripple, encouraged people to build despite the crypto winter. Entwistle believes that the current market trends present an opportunity and urged people to "reduce the noise" and focus elsewhere.
Additional reporting by Ezra Reguerra.
In this meme craze, SunDog, a star project of the TRON ecosystem, has become the focus of global investors with its strong market performance and unique application scenarios, and has quickly become one of the top projects in the meme track.
AlexCoNET has launched a new mini-game referral program to attract real users to join its decentralized ecosystem. By sharing the referral link, users can get CONET tokens as rewards. All referral rewards will be recorded on the chain to ensure fairness and transparency, and the plan starts on October 10.
MiyukiArkham Intelligence, a blockchain data company backed by OpenAI founder Sam Altman, is about to launch a cryptocurrency derivatives exchange, with plans to set up a new venue in the Dominican Republic. As the crypto market changes, Arkham hopes to seize market share through technological advantages and global expansion, challenging industry giants such as Binance.
WeiliangBitcoin's global interest has dropped to its lowest in a year, while memecoins are gaining popularity with significant search and trading activity. Despite concerns about their risks, memecoins continue to dominate the crypto market in 2024.
AnaisBitcoin surged past $64,000 on Monday, with analysts combining technical indicators such as RSI, order book liquidity and moving averages to suggest that a breakout above $65,000 is increasingly likely.
AlexThe Liberal Party of Australia has launched the country's first fully AI-generated political advertisement, featuring a deepfake of ACT Chief Minister Andrew Barr, ahead of the 2024 federal election. This raises concerns about the implications of AI in politics, prompting calls for urgent regulation to protect the electoral process.
JoyChinese stocks opened higher on Monday and Bitcoin surged above $64,000 as investors assessed the potential impact of economic stimulus measures announced by the Ministry of Finance over the weekend.
MiyukiEthereum founder Vitalik Buterin sold a large number of meme coins over the weekend and cashed in $2.23 million. He previously stated that all tokens sent to him without permission would be sold and donated to charity, and the market speculated that this would be the case this time as well.
WeiliangNTT Communications and SoftBank are using AI technology to protect call center employees in Japan from increasing abusive customer behavior, known as "kasu-hara." These innovations aim to reduce the emotional stress on workers and improve customer interactions by monitoring calls and softening the tone of complaints.
WeatherlyCambridge University’s Museum of Zoology is launching an innovative project that allows visitors to interact with AI-generated voices of extinct and living animals to learn about their lives and the biodiversity crisis. The exhibits will provide personalized conversations in over 20 languages, aiming to foster empathy and raise awareness about environmental conservation.
Weatherly