We covered the top panel picks of TOKEN2049 this year to find out what is the direction of the Web3 and cryptocurrency space.
TOKEN2049 was back again in Singapore for another week of debates and discussions around cryptocurrencies plus Web3, with leaders and projects in the crypto space flying into the sunny island for the conference.
Held amidst the backdrop of a seemingly bullish market, the atmosphere at TOKEN2049 seemed electrifying as projects, companies, and exchanges came out in full force with large booths and brand swag. With a plethora of sessions throughout TOKEN2049, here are our top panel picks from the conference.
Digital Culture: The Power of Web3 Communities
- Luca Schnetzler, CEO of Pudgy Penguins
- Alex “Zagabond” Xu, CEO of Azuki
- Zhuoxun Yin, Chief Operating Officer, Magic Eden
- Moderator: Amanda Cassatt, Founder and CEO, Serotonin
One of our top panel picks featured three leaders from key non-fungible token (NFT) projects in the space, the discussion highlighted the current state of digital culture, and the transformative role of NFTs in shaping online identities and communities.
While NFTs have left a significant mark on Web3, the technology is still in its early stages with much more potential to be unlocked. NFT projects have continued to push boundaries within the bear market, creating more utility for digital ownership, expression, and co-creation.
Schnetzler noted that NFTs are also redefining how people identify and contribute within digital spaces, to which he believes the next step of NFTs involves co-creating intellectual property where community participation and proper attribution are central, revolutionising digital entertainment and ownership.
The conversation also touched on how those who continued to build throughout the downturn are now setting the foundation for the future of NFTs. Although the NFT market has faced a 97% drop in trading volume since its peak in 2021, the quality of projects and platforms is improving, and core communities remain committed to long-term growth.
Xu took the opportunity to highlight that the volatility seen in NFTs is typical of the broader crypto market. While physical collectibles dominate today, the gap between physical and digital will inevitably narrow. The panelists agreed that while NFT volumes may be down, the technology is evolving rapidly, with brands like Walmart and Target entering the space, and projects like Doodles pioneering new forms of digital entertainment, making NFTs a cornerstone of digital culture.
Read the full article at Coinpasar.sg.
