After attending the Digital Asset Summit (DAS) in New York City, Toni Witt shares his thoughts and takeaways from the event. In Part 1, Toni talks about two of the three key themes he recognized: scaling and regulatory clarity.
00:19 — Toni describes the Digital Asset Summit as a “confluence of New York’s traditional finance industry, blockchain, and Web3.” The conference was a unique way for large institutions to discuss cryptocurrency, a topic that was formerly considered niche within the industry.
00:38 — Toni reports that the entire audience, which consisted of people from the largest financial institutions in the world, was buzzing with excitement, displaying a high level of energy and enthusiasm.
01:48 — Those engaged in this topic shared “an implicit agreement that these things will continue to be around.” Questions about how to get there were at the forefront of the conversation.
01:57 — There are two ways of scaling crypto and Web3. First is enabling more people to use crypto and NFTs on a day-to-day basis, especially in developing countries that need alternative financial systems. The second is through institutional investments and adoption.
03:10 — The second theme that was expressed was the need for regulatory clarity, noting that this phrase was one of the most “thrown around” at the event. While complying with regulations is crucial, he says that large financial institutions that have had 90 years of precedent around finances and assets are not properly optimized for this new type of digital token.
Want to compete in the Metaverse? Subscribe to the My Metaverse Minute Channel: