At the European Blockchain Convention, the sentiment echoed was: \"In bear markets, we focus on development.\"

The three-day blockchain event The event in Barcelona has concluded, attracting over 1,500 cryptocurrency enthusiasts and featuring 130 speakers who motivated the audience to maintain their optimism during the ongoing bear market, while revealing new, promising crypto initiatives. This marked the seventh and largest convention to date, emphasizing the importance of building during challenging times. European Blockchain Convention The lineup of speakers was impressive, featuring characters from major financial, technological, and cryptocurrency firms, such as Meta, Tron, Coinbase, Kucoin, Google, EY, Vodafone, BBVA, American Express, and Santander. Among the attendees was Daniel Leon, the founder of Celsius, previously a well-known figure but now associated with the company that faces potential bankruptcy. bear markets and embrace upcoming regulations.

The concluding discussions concentrated on how Web3 is empowering creators and collectors alike.

"The Web3 movement is set to revolutionize the media field permanently,\" stated Sharif Elfishawi, a digital artist and CEO of the NFT initiative The Life of Moji.

Elfishawi elaborated on the ways in which Web3 enhances the relationship between creators and consumers. Customers are now able to engage directly in governance and enjoy full ownership of their content. On the other hand, creators gain access to an expanded toolkit and improved financial models, as the blockchain technology simplifies the monetization process and facilitates data movement.

Matteo Melani, an engineering manager at Meta, pinpointed that Web3 grants creators the ability to cultivate direct financial ties with their audiences without reliance on any particular platform. In the Metaverse, Web3 allows users to hold, trade, and transfer digital assets across different platforms seamlessly.

"We firmly believe in the potential for creators to establish authentic relationships with their audience, maintaining ownership of those connections,\" Melani emphasized. \"Web3 will play a pivotal role in shaping the future of the Metaverse.\"

He also highlighted the notion that the Metaverse will not be constructed solely by a single entity, but rather by robust communities, with a critical focus on interoperability.

The presentations spurred the crowd to continue innovating and to fully embrace the opportunities that Web3 technology offers. The speakers conveyed that blockchain remains a fresh concept in our society and that the current bear market is merely a phase.

Looking ahead, the European Blockchain Convention aims to convene an even larger assembly of cryptocurrency professionals next year and continue evolving the event.

Proportunity, a new player in the European fintech space, is seeking funding via SeedBlink.

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