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Event recap Web Summit 2021: Crypto, climate change and Facebook

Cointelegraph group members and management joined main media corporations and tech figures this week on the three-day Net Summit 2021 in Lisbon.

The problems surrounding social media big Fb had been the main target for a lot of on the largest tech convention on this planet. The corporate has been the topic of intense media scrutiny following the discharge of inner paperwork by whistleblower Frances Haugen, along with its resolution to enter the metaverse with its rebrand to Meta.

Fb investor Roger McNamee stated he believed executives on the social media agency ought to face legal prices on account of their alleged function in pushing divisive and deceptive content material on the platform. Haugen echoed this level in her personal speech, saying the corporate had been “placing lives in jeopardy” in circumstances resembling posts regarding Ethiopia, the place a civil battle is at present constructing between Tigrayans and authorities forces.

“There must be extra transparency, extra analysis, extra regulation,” stated Nick Clegg, vp of world affairs and communications at Meta.

Digital belongings, local weather change and the state of affairs surrounding the pandemic had been additionally underneath dialogue within the tech trade. The convention opened with Lisbon Mayor Carlos Moedas saying his dream was to make town “the capital of innovation on this planet” and ended with Portugal’s President Marcelo Rebelo de Sousa issuing a name to motion on financial inclusion, local weather change and the “digital revolution.”

Maybe because of the crypto and blockchain area rising as an financial pressure in 2021, the subjects of digital belongings, nonfungible tokens and the metaverse had been on full show — even in panels unrelated to the trade. Main audio system, together with Nicholas Julia, co-founder and CEO of nonfungible token (NFT) gaming platform Sorare, enterprise capitalist Tim Draper, Yahoo Finance editor-in-chief Andrew Serwer, Celsius Community CEO Alex Mashinsky and others within the crypto area, had been in attendance.

In a soon-to-be-released interview with Cointelegraph, Mashinsky stated the web will finally grow to be one other “app on the blockchain” because the area grows.

“Net 3.0 will transfer all the cash on this planet into digital finance,” stated the Celsius CEO, including his prediction of a $1 million Bitcoin (BTC) worth by 2027.

Cointelegraph editor-in-chief Kristina Lucrezia Cornèr participated at Net Summit together with group members together with Ting Peng, Vadim Krekotin, Giovanni Pigni, Anna Kalcheva, and Ana Dawson. Cornèr moderated 4 separate panels: affect investing, inclusive finance within the time of COVID-19, “the best way to construct neighborhood in a fragmented world,” and the brand new period of commerce.

Sorare CEO shares daring imaginative and prescient on NFTs throughout Net Summit 2021 opening evening

Although many individuals nonetheless face challenges with worldwide journey through the ongoing pandemic — Portugal requires proof of vaccination or testing previous to entry — 42,751 folks attended the summit. In line with the convention’s communications group, the occasion drew the highest-ever participation by ladies in its 10-year historical past: 50.5%, or greater than 21,000 folks.


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