Global Crypto Community Flocks to Binance Blockchain Week

Binance began the final leg of its annual community event, Binance Blockchain Week, on Wednesday. The theme for this year’s event is ‘Momentum’, through which the crypto exchange aims to recognize the continued growth of the Web3 sector over the past year, despite global regulatory, legal and technical challenges. Binance’s senior leadership, including CEO Richard Teng and co-founder Ye Hi, were present at the event and interacted with what the exchange said was a crowd of more than four thousand people at the Coca Cola Arena in Dubai.

HE Khalfan Belhoul, the CEO of the Dubai Future Foundation, joined Teng on stage on Wednesday to talk about a range of topics, including regulatory developments in the crypto space, stablecoins, asset tokenization and the potential use cases of blockchain and Web3 technologies around the world. sectors.

Multiple panel discussions are planned for the day, which will focus on topics such as investment dynamics related to crypto, unique market conditions, and the increasing interest of venture capital firms in exploring early-stage crypto startups and projects.

In the backdrop of this event, Binance has announced the launch of ‘Binance Wealth’ – a new service that caters to the special needs of high-net-worth individuals (HNIs). Additionally, the exchange has appointed Jeff Li as its new vice president of product. Li has been tasked with overseeing the expansion of Binance’s product offering in the coming months. Before joining Binance, Li was the global head of finance for TikTok.

Web3 players including Pepe Coin, Iota, Solana and The Ton Foundation have set up booths at the Coca Cola Arena, where they will interact with Web3 enthusiasts who have flown into Dubai from different parts of the world.

Over the next two days, crypto industry stakeholders will delve deeper into the challenges and opportunities currently facing the sector. The panels that are part of the event are also expected to touch on the topics of the predicted transition from Web2 technologies to Web3, the integration of artificial intelligence (AI) into Web3, as well as the future of institutional investors in crypto, despite the volatile developments. part of virtual digital assets (VDAs).

Blockchain trends that have emerged in recent years, required upgrades to existing Web3 infrastructure, and the increasing importance of compliance needs for Web3 are among other topics that will be discussed by the panelists.

The afternoon sessions focused on the challenges and opportunities in the crypto space. Topics included the reluctance of Web2 companies to adopt Web3 technologies, the health of the institutional market, and the potential of generative AI in Web3.

Elliptic founder Tom Robinson, Sandbox co-founder Sébastien Borget and Sandeep Nailwal of Polygon Labs will discuss ways to improve the end-user experience for Web3 protocols as part of their scheduled sessions.

Last year, Binance held its annual blockchain conference in Istanbul, Turkey.