Monaco Crypto Summit offers a look at new Web 3.0 giant metaverse

Monaco Crypto Summit offers a look at new Web 3.0 giant metaverse
Monaco Crypto Summit offers a look at new Web 3.0 giant metaverse

As crypto gains popularity, people, especially investors, are wondering what the future holds for blockchain-based currencies and technologies.

During the Monaco Crypto Summit, both investors and blockchain users got a first-hand glimpse of upcoming innovations and trends in the crypto and metaverse.

“The metaverse isn’t going to replace the real world, but it’s going to create a massive additional audience for anything that’s happening in the real world that anyone around the world can participate in,” said Michael Gord (pictured), co-founder and CEO director of GDA Capital. “How wonderful would it be for someone from Zimbabwe, someone from Sydney and someone from Brazil to all be interested in what DigitalBits is doing in Monaco?”

Gord spoke with CUBE industry analyst John Furrier at the Monaco Crypto Summit, during an exclusive broadcast on theCUBE, SiliconANGLE Media’s live streaming studio. They discussed the future of the metaverse, investing in crypto, metaverse infrastructure and more. (* Disclosure below.)

Follow the money

With Web 3.0 innovations popping up regularly, it’s hard to know what’s important to focus on and what’s most promising. Gord shared what he is most excited about in the future of crypto. The Metaverse is what he’s most excited about.

“It’s the next multi-trillion-dollar market that feels like bitcoin in 2012,” Gord said. “In addition to that, we have the first regenerative finance platform presented here, using decentralized finance and blockchain technology to create a model for people to earn income while mining carbon credits.”

Even with exciting innovations on the horizon, the metaverse still leaves questions about security, privacy and possible corruption. What about the possibility of an open metaverse versus a closed infrastructure metaverse?

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“With blockchain in 2012, private blockchains were all the rage with banks raising hundreds of millions of dollars to build private blockchain infrastructure,” he said. “Private blockchains generate billions of dollars in revenue annually, but they haven’t accumulated the trillions of dollars that the public blockchain has. I think the same will be the case in the metaverse. There will be open and closed infrastructure, and it’s already closed.”

Here’s the full video interview, part of SiliconANGLE’s and theCUBE’s coverage of the Monaco Crypto Summit event:

(* Disclosure: TheCUBE is a paid media partner of the Monaco Crypto Summit event. Neither DigitalBits, the sponsor of theCUBE’s event coverage, nor any other sponsors have editorial control over the content of theCUBE or SiliconANGLE.)

Photo: SiliconANGLE

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