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WEF 2022, May 25: Latest updates from the Cointelegraph Davos team

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WEF 2022, May 25: Latest updates from the Cointelegraph Davos team

The fourth day of WEF 2022 will see key people from the industry discuss the journey of crypto investors.

Disclaimer: This article is being updated all day long. All timestamps are in the UTC time zone, with updates in reverse order (the latest update is placed at the top).

WEF 2022, the first in-person World Economic Forum event since the pandemic started, continues to bridge traditional finance with the future of money on its third day.

The Cointelegraph ground team, including editor-in-chief Kristina L. Corner, head of video Jackson DuMont and news reporter Joseph Hall, is deployed in Davos, where the event is held, to get the most recent developments from WEF 2022.

The fourth day of WEF 2022 will see the likes of Anthony Scaramucci & David Branch discuss the journey of crypto investors. Our editor-in-chief Kristina is moderating an Equality Lounge’s panel on “Why Web3 Needs Women at the Forefront” and more in today’s coverage.

Don’t forget to check this article regularly to be notified about the most recent announcements from the event.

  • 1:00 pm UTC

Blockchain Hub Davos 2022 became the stage to insightful discussions revolving around the NFT universe. Veritic CEO Stephan Holzer and Seal Storage Technology CEO Alex Altman talked about the importance of NFTs, their role in society, and how the community can attract the mainstream into using the technology. Read the full discussion here.

  • 12:30 pm UTC

In the panel discussion on “NFT innovation and Infrastructure” CasperLabs senior program manager Ashok Ranadive, Wisekey co-founder Carlos Creus Moreira, Ernst Leitz Labs founder Jane Cui and popular artist Dario De Siena discussed the current progress of the NFT space and the challenges on the way.

Talking about the key challenges faced by NFT platforms, Moreira from Wisekey explained that the technological challenges added with an increasing number of frauds as key concerns for NFT platforms. He also stressed the need for taking things slowly and understanding the prospects of the tech first and then moving into developing products.

Jane Cui while talking about the challenges faced by the artist and the marketing aspect of NFTs said that the artist community is very enthusiastic about the prospect of the metaverse, especially the digital photographer. However, the lack of understanding and working of the tech often challenges these artists in monetizing them.

She added, “There are risks and technology gaps, but looking at the companies at WEF working towards filling those gaps, I believe there is hope for these artists.”

  • 11:30 am UTC

Nonfungible tokens (NFTs), metaverse and gaming were the key topics of discussion at Davos Blockchain Hub. Seal Storage Technology CEO Alex Altman talked about the current downtrend in the NFT market while explaining the good side of it.

Altman said:

“The good thing about that is it exposed tens of millions of people to NFTs as well as the technology that got businesses and people accustomed to how to use it and interact with it. Overall, it’s also pumped hundreds of millions of dollars, if not billions of dollars into the infrastructure and actually developing that out.”

Talking about the role of NFT custodians, Veritic co-founder Stephan Holzer said that they help in propagating mainstream adoption. He explained:

“I really believe custodians play a crucial role in mainstream adoption by making it simpler and more secure. This enabled us to onboard 300 million people to the cryptocurrency space, and this also led to innovation such as nfts.”

  • 11:00 am UTC

Cointelegraph editor in chief Kristina Lucrezia Cornèr moderated a panel on ‘Why Web3 Needs Women at the Forefront” joined by Meta vice president Nicola Mendelsohn, Global Blockchain Business Council CEO Sandra Ro, Harvard Business School’s Sarah Endline and Splunk government relations head Bill Wright. Read the full discussion here.

10:00 am UTC

On a discussion around women role models, Meta VP quipped that Bitcoin creator Satoshi Nakamoto who remains pseudo-anonymous to date could very well be a woman. She explained:

“I will give you one- Satoshi Nakamoto, I mean we all assume it’s a man right, is that our bias? It’s just a name it could well be a woman.”

Cornèr added that she believes the creator of Bitcoin is a group of people comprising of males and females rather than an individual.

Sandra Rao, GBBC CEO on the future of women in web3:

“I am very bullish on women’s future. We are in an era of collaboration irrespective of borders and countries. We need to support woman entrepreneurs from all walks of life.”

  • 9:30 am UTC

Cointelegraph team greeted the renowned blockchain advocate Dr. Anino Emuwa, the founder of 100Women@Davos, Avandis Consulting.

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