Event recap Web Summit 2021: crypto, climate change and Facebook

Cointelegraph group members and management joined main media firms and tech figures this week on the three-day Web Summit 2021 in Lisbon.

The points surrounding social media large Facebook had been the main focus for a lot of on the largest tech convention on the planet. The firm has been the topic of intense media scrutiny following the discharge of inner paperwork by whistleblower Frances Haugen, along with its decision to enter the metaverse with its rebrand to Meta.

Facebook investor Roger McNamee mentioned he believed executives on the social media agency ought to face legal fees as a consequence of their alleged position in pushing divisive and deceptive content material on the platform. Haugen echoed this level in her personal speech, saying the corporate had been “putting lives in jeopardy” in circumstances reminiscent of posts regarding Ethiopia, the place a civil conflict is at present constructing between Tigrayans and authorities forces.
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“There should be more transparency, more research, more regulation,” mentioned Nick Clegg, vp of worldwide affairs and communications at Meta.

Digital property, climate change, and the scenario surrounding the pandemic had been additionally underneath dialogue within the tech business. The convention opened with Lisbon Mayor Carlos Moedas saying his dream was to make town “the capital of innovation in the world” and ended with Portugal President Marcelo Rebelo de Sousa issuing a call to action on economic inclusion, climate change, and the “digital revolution.”

Perhaps due to the crypto and blockchain space rising as an economic force in 2021, the topics of digital assets, nonfungible tokens, and the metaverse were on full display — even in panels unrelated to the industry. Major speakers including Nicholas Julia, co-founder and CEO of NFT gaming platform Sorare, venture capitalist Tim Draper, Yahoo Finance editor-in-chief Andrew Serwer, Celsius Network CEO Alex Mashinsky, and others in the crypto space were in attendance.

In a soon to be released interview with Cointelegraph, Mashinsky said the internet will eventually become another “app on the blockchain” as the space grows.

“Web 3.zero will transfer all the cash on the planet into digital finance,” mentioned the Celsius CEO, including his prediction of a $1 million Bitcoin (BTC) worth by 2027.

Cointelegraph editor-in-chief Kristina Lucrezia Cornèr participated at Web Summit together with group members together with Ting Peng, Vadim Krekotin, Giovanni Pigni, Anna Kalcheva, and Ana Dawson. Cornèr moderated 4 separate panels on affect investing, inclusive finance within the time of COVID-19, “how to build community in a fragmented world,” and the brand new period of commerce.

Related: Sorare CEO shares bold vision on NFTs during Web Summit 2021 opening night

Though many individuals nonetheless face challenges with international travel in the course of the ongoing pandemic — Portugal requires proof of vaccination or testing previous to entry — 42,751 individuals attended the summit. According to the convention’s communications group, the occasion drew the highest-ever participation by ladies in its 10-year historical past: 50.5%, or greater than 21,000 individuals.