Consensus 2023, looking back by theme | coindesk JAPAN

Together with coindesk JAPAN, one of Japan’s leading communities that thinks about the future of Web3 business and the digital asset marketbtokyo members” will hold a “Consensus 2023 report meeting – companies’ entry into Web3, regulations (Japan attracting global attention), AI and blockchain, tokenization of RWA, NFT and DAO” online from 18:30 today.

Although the application for participation has already been closed, coindesk JAPAN has published an article about the contents of “Consensus 2023” held in a difficult environment such as the FTX bankruptcy, the bankruptcy of major cryptocurrency companies, and the US banking crisis. Let’s look back by theme based on.

In addition, the pattern of the report meeting will be released at a later date.

Summary

Before looking at individual themes, if you want to know what was said as a whole, “Consensus 2023, harvest of five editors” will be helpful. Five CoinDesk editors have their own impressions.

“Consensus Day 2, 3 Super Big Ideas” is a summary of only the second day, but you can still see what themes were attracting attention.

“Consensus Pitch Contest Winner: Rise, a cryptocurrency payroll company,” provides an up-to-date look at an increasingly competitive space in the United States. In Japan, the ban on so-called “digital salary payment” using electronic money has been lifted. Financial DX is likely to accelerate as it involves many people.

Consensus 2023, harvest of five editors

“Consensus by CoinDesk 2023” reached its final day on the 29th. It was an exciting time listening to the fascinating discussions that emerged from many speakers and sessions.

Members of the US CoinDesk editorial department reflected on what they learned from “Consensus 2023” and talked about the important issues that will determine the future direction of the cryptocurrency industry from their respective areas of expertise. …read more

Consensus day 2, 3 super big ideas

One of the big selling points of crypto assets is that the industry is teeming with new ideas. Like the loosely formed communities around the internet in the 1990s, cryptocurrencies somehow tend to attract heretical thinkers and revolutionaries.

One reason for this is the nature of the technology itself, which offers a whole new way of building code-based systems. Another reason is Web3’s infamous barrier to entry. …read more

Consensus Pitch Contest Winner: Rise Pays Payroll in Crypto Assets

CoinDesk’s PitchFest received over 600 cryptocurrency, blockchain, and Web3-related startups. A jury team of investors including Electric Capital, CapitalG and CoinFund selected 12 finalists. Twelve teams competed on stage at Consensus in Texas. …read more

TradFi (traditional finance)

The entry of TradFi (traditional finance) into crypto assets has not stopped even during the harsh “crypto winter”. Rather, he sees it as an opportunity.

Also, although it is not a new topic, it seems that the tokenization of RWA (Real Assets) has finally begun in earnest. Will there be more movement around security tokens (digital securities) in Japan?

TradFi Sees Opportunity in Crypto Assets

Asset managers see opportunities in growth stocks and crypto assets that have been unfairly hit in a bear market.

Investors in the crypto sector, including Liliʻuokalani Trust CEO Dawn Harflinger, have expressed an optimistic tone despite the recent bear market. …read more

RWA Tokenization Will ‘Change How Value Is Transferred’

Tokenizing “Real World Asset” (RWA) is nothing new. But technology and infrastructure have caught up, allowing it to be done at scale and at a level sufficient for asset managers and institutional investors. …read more

regulation

Regulations on crypto assets in the United States are becoming more stringent. But some see regulatory clarity as a positive for the industry. There is also concern that cryptocurrency companies will leave the United States, which could be an opportunity for Europe and Japan.

The crypto industry and regulators are on the same page when it comes to financial transparency

U.S. financial regulators generally believe that cryptoassets clearly fit within existing regulatory frameworks. Rules for managing crypto assets are already in place.

That’s why Chairman Gensler of the U.S. Securities and Exchange Commission (SEC) has called on crypto asset companies to register with the SEC, and the Financial Crimes Enforcement Network (FinCEN) has called on the entire industry to implement stricter customer verification ( KYC) and anti-money laundering (AML) requirements apply. …read more

USDC Gains Strength in March Banking Crisis: Circle CEO

Stablecoin USD Coin (USDC) has emerged strong and safe from the March banking crisis, Jeremy Allaire, CEO of issuer Circle Internet Financial, said Wednesday. …read more

Web3

What is Web3? It is difficult to give a clear answer that everyone can agree on. However, many people understand that there are various obstacles and hurdles. Clearing them one by one may be the best shortcut.

“Web3’s Next Trends Are Not on the Stage of ‘Consensus'” is a paradoxical article that argues that it’s too late to catch trends when they appear at big events.

web3 needs a restart: Salesforce exec

Web3 isn’t over, but it needs a major makeover for mass adoption, said Marc Mathieu, head of innovation at Salesforce.

After the onset of the cryptocurrency market downturn, countless protests on the internet have taken place against the concept of the metaverse, and even web3, once promoted by tech giants like Meta (formerly Facebook) and Nvidia. Full of positive opinions. …read more

Mass Adoption of Web3, Obstacles to Technology

Many brands and creators are entering Web3, but user experience (UX) has become a bottleneck in onboarding new users and promoting mass adoption.

“For every click required in the[onboarding]process, you lose 50% of people,” said Julie Garneau, head of Web3 at beverage giant Anheuser-Busch InBev, of Consensus 2023. Presented in a panel discussion, “The Opportunities and Roadblocks of Mass Adoption.” …read more

Web3’s next trend isn’t on the ‘Consensus’ stage

At the “Consensus by CoinDesk 2023” held at the end of April, Yat Siu did not appear backstage as the panel discussion on the main stage loomed.

Co-founder and chairman of Animoca Brands, which is known for its active investment in Web3-related projects such as NFT and Metaverse, many people are trying to talk to Mr. Siu, a heavyweight in the Metaverse world. The rush, Mr. Siu was unable to move. …read more

Web3 use cases

A variety of individual use cases also emerged for Web3. Bitcoin, whose use case has so far been limited to “currency,” is breaking new ground with Web3. Also pay attention to the relationship between AI and Web3, which is currently a hot topic.

Bitcoin use cases show ‘explosive growth’

Bitcoin ecosystem firm Trust Machines said in a report that Q1 2023 will see “explosive growth in Bitcoin (BTC) use cases.”

The report identifies Bitcoin NFTs, Bitcoin Name Service (BNS) and Stacks, the Bitcoin smart contract platform powering much of the company’s ecosystem, as key use cases driving new growth and adoption. ” is given. …read more

Web3 Music Wants Fresh Ideas: Warner Music Executives

Celebrities, banks, and music labels were active in NFTs not long ago, but the prolonged “crypto winter” has dampened their enthusiasm. But Warner Music Group (WMG) is promoting NFT in such a situation.

For WMG Chief Digital Officer Oana Ruxandra, NFTs are key to moving artists forward. …read more

Web3 could be a ‘trust layer’ for problems caused by AI

The Web3 ecosystem can help solve the problem of trust in artificial intelligence (AI).

Cathy Hackl, chief metaverse officer at Journey, an innovation and design consultancy, said, “We all know[AI]has credibility issues. This is a big deal for the Web3 community. It’s a huge opportunity and can be a layer of trust,” he said at a session on AI and the Metaverse at Consensus 2023 on Wednesday. …read more

NFTs

The topic of NFT is now largely included in Web3, and it seems that the attention level has decreased compared to a while ago. The emergence of Mr. Shatner and the founder of Marvel Studios may indicate the maturity of the NFT industry.

Captain Kirk “warps” to NFT ── Mr. Shatner announces NFT collection

William Shatner is aiming for Web3 with Warp 9.

Mr. Shatner, the first captain of the popular sci-fi series “Star Trek” and who has been posting about crypto assets on Twitter for many years, announced the NFT collection “Infinite Connections” at “Consensus 2023”. …read more

Web3, the ‘same seeds’ as the dawn of Marvel: Marvel Studios founder

Marvel Studios founder and chairman David Maisel said at Consensus 2023 on Wednesday that Web3 reminds him of the early days of Marvel Studios.

Maisel recently founded Mythos Studios and launched the NFT collection “Ekos Genesis Art Collection”. …read more

｜Editing: Takayuki Masuda
｜Image: Consensus 2023/CoinDesk