On Sunday, the Consensus 2022 conference came to an end in Austin, Texas, the United States, with more than 15,000 participants and more than 500 speakers. This is the first time that Coindesk has held a consensus conference in a city other than New York. The 38-degree heat in Austin echoes the enthusiasm of crypto enthusiasts.
Consensus 2022 is an annual gathering of cryptocurrencies and blockchain technology that aims to be the "big tent" of the industry. It brings together industry players from corporate alliances to cypherpunks, breaking down the barriers between companies in the industry and allowing everyone working in technology to learn from their peers through this event.
Previous speakers reflect the richness and diversity of the Consensus conference crowd, from Wall Street titans and Fortune 500 rulers, to pioneering cryptographers and core developers powering the world's most valuable cryptocurrency Wait, the views of so many elite experts provide a good learning opportunity for everyone.
In order to give everyone a better understanding of Consensus 2022, let's review the major events during the conference and the wonderful views of relevant guests.
Event
Circle acquires digital asset infrastructure platform Cybavo
Circle signed a definitive agreement to acquire Cybavo, a digital asset infrastructure platform focused on custody and blockchain application development, for an undisclosed price. The acquisition will allow Circle to invest in Cybavo's research and development and support its products and services. Founded in 2018, Cybavo completed a $4 million seed round in August last year, led by 500Startups. Circle signed a $400 million financing deal in April with BlackRock, Fidelity Management & Research, Marshall Wace and FinCapital.
Jack Dorsey's Block subsidiary TBD announces "Web5"
TBD, the Block subsidiary of Twitter and Block founder Jack Dorsey, announced the launch of "Web5" at the Consensus2022 conference. And explained "Web5" in a document, which described "identity and personal data have become the property of third parties. "Web5" brings decentralized identity and data storage to individual applications. It allows developers to Focus on creating a delightful user experience while returning ownership of data and identity back to the individual.”
Bermuda Announces First Licensed Digital Asset Business Trade AssociationNext
At the Consensus2022 conference, Bermuda Prime Minister David Burt stated that cryptocurrency companies are not looking for regulatory changes because we have clear regulation, and more importantly how they support growth, support development, support education programs” to improve the environment. In addition, David Burt Announced that Bermuda-licensed crypto firms have joined forces to form Next, the jurisdiction’s first digital asset industry association. Next is currently comprised of 14 digital asset firms licensed by the Bermuda Monetary Authority (BMA), including Apex Group, Bittrex, BlockFi, Circle and the newly licensed Jewel.
Guest point of view
Tesla board member Kimbal Musk: Most DAOs are not actually decentralized
At Consensus 2022, Tesla board member Kimbal Musk said that most DAOs are not actually decentralized. Kimbal Musk said, "The name DAO stands for decentralization, how much decentralization is it? I think the most important thing is to build a system that prevents the accumulation of personal power. Frankly, I think most DAOs Designed to keep founders in control.”
SBF: Crypto markets and stocks are falling due to inflation, the market needs really good products
On June 13, FTX CEO and founder SBF said at the Consensus 2022 conference that the expectation of high interest rates due to high inflation has triggered a decline in the crypto market and the stock market. This does not necessarily mean that the crypto market has entered winter. Now is a good time to build great products and increase regulatory clarity. What we need is a really good product and not just because the product is based on encryption.
US CFTC Chair: Guardrails Need to Be Set Up for Crypto Markets
At the Consensus 2022 conference, Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam said that a crypto movement is brewing in Washington, D.C., and he is very encouraged by the actions Congress is taking to grant the CFTC broader digital asset regulatory authority. "I think it's just a positive momentum for technology, industry and the economy, and there's a unique coalition on this issue that's very rare in Washington," Behnam said. The recent collapse of Terra USD (UST) underscores the need for regulation and the need for guardrails for the crypto market.
The four-day Consensus 2022 conference has come to an end, and since its first edition in 2015, Consensus has attracted all major companies, developers, investors and experts from the cryptocurrency and blockchain world to discuss the future of the industry . This is a festival covering all aspects of Blockchain, Crypto, Web 3 and Metaverse. Let's look forward to the next Consensus!