London Web3 Week to Showcase Crypto and Blockchain Innovation
In October, London will host a series of events during Web3 week, positioning itself as a global hub for crypto and blockchain innovation. The main event, Zebu Live 2023, will feature prominent figures such as Mo Gawdat, AI expert and bestselling author, and Elke Karskens, UK Country Director of Coinbase. These industry leaders will discuss the future of Web3 and AI adoption. The week aims to define what is needed to establish London as a crypto and blockchain hub and how the industry can become mainstream.
Regulatory Clarity Needed in the Crypto Industry
The lack of regulatory clarity in the crypto industry has been a major concern globally. The US, in particular, has faced criticism for its ambiguous regulations. Coinbase, a leading crypto firm, has called for the classification of crypto assets to provide more regulatory certainty. During Zebu Live, Coinbase’s UK Country Director will discuss how the company declined the SEC’s request to delist all assets except bitcoin, highlighting their commitment to the industry’s growth.
UK’s Potential as a Global Hub for Crypto Asset Technology
The UK has the potential to become a global hub for crypto asset technology due to its supportive government and growing number of Web3 startups. Rishi Sunak, the Chancellor of the Exchequer, has shown public support for Andreessen Horowitz’s new UK office. To further engage with the government and create an ideal environment for Web3 success, Zebu Live will welcome Dr Lisa Cameron MP, who published a report on the need for urgent regulation of the cryptocurrency industry.
Advancements in Trading and User Experience
Zebu Live will focus on simplifying the user experience of blockchain-based applications and making trading more accessible. Exchanges such as Coinbase, Bitget, Blockchain.com, and Archax are investing in innovation to achieve this. The development of derivatives platforms and Layer2 solutions will be discussed to enhance trading options and scalability. MELD, a Web3 banking stack, aims to combine traditional currency and crypto in one place for seamless transactions.
The Role of Crypto in Gaming and the Metaverse
The gaming industry is embracing on-chain technology, which is predicted to be worth $65 billion by 2027. Companies like Animoca, Playember, and The Cryptoverse will explore the revolutionary potential of an on-chain future for gaming user experience. The conference will bring together industry leaders, users, artists, investors, and members of parliament to collaborate on the development of projects and infrastructure.
Hot Take: London’s Potential as a Crypto Hub
London has the potential to become a major crypto hub due to its talent pool, government support, and regulatory advancements. While there are challenges, such as upcoming FCA regulations, these can lead to more transparency and user-friendly innovations in the crypto domain. Zebu Live aims to drive collaboration among industry stakeholders and clarify regulations needed for London’s position as a global leader in Web3. The event provides an opportunity for participants to join the conversation and contribute to the future of crypto in the UK.
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