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Monaco Crypto Summit Offers Look At Emerging Web 3.0 Giant Metaverse
As crypto gains popularity, people are wondering what the future holds for blockchain-based currencies and technologies, especially investors.
Kabir V.
6:02 3rd Aug, 2022
Metaverse

During Monaco Crypto Summit, investors and blockchain users alike got a first-hand glimpse at upcoming innovations and trends in crypto and the metaverse.

“The metaverse is not going to replace the real world, but it is going to create a massive additional audience to anything that’s happening in the real world that anyone around the world can participate in,” said Michael Gord (pictured), co-founder and chief executive officer of GDA Capital. “How amazing would it be for someone from Zimbabwe, someone from Sydney, and someone from Brazil to all be interested in what DigitalBits is doing in Monaco?”

Gord spoke with theCUBE industry analyst John Furrier at Monaco Crypto Summit, during an exclusive broadcast on theCUBE, SiliconANGLE Media’s livestreaming studio. They discussed the future of the metaverse, investing in crypto, metaverse infrastructure and more.

With innovations in Web 3.0 popping up regularly, it’s hard to know what’s important to focus on and what has the most promise. Gord shared what he’s most excited about in the future of crypto. The metaverse is what he’s most excited about.

“It’s the next multi-trillion-dollar market that feels like bitcoin in 2012,” Gord said. “In addition to that, we have the first regenerative finance platform that is presented here, using decentralized finance and blockchain technology to create a model so people can earn income while mining carbon credits.”

Even with exciting innovations on the horizon, the metaverse still leaves questions about security, privacy and possible corruption. What about the possibility of an open metaverse versus a metaverse with closed infrastructure?

“With the blockchain in 2012, private blockchains were all the rage by banking raising hundreds of millions of dollars to build up private blockchain infrastructure,” he said. “Private blockchains are generating multi-billion dollars of revenue annually, but they haven’t accrued multi-trillion dollars like the public blockchain has. I think the same thing will be in the metaverse. There’ll be open and closed infrastructure, and there already is closed.”

Here’s the complete video interview, part of SiliconANGLE’s and theCUBE’s coverage of Monaco Crypto Summit event:

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