Heavy rain floods Dubai streets during Blockchain Week token 2049 With this event, the city found itself not only flooded, but flooded with a plethora of announcements, partnerships, and promises from the crypto community. This week’s #hearsay column takes you behind the scenes at Blockchain Week in Dubai, United Arab Emirates.
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Despite havoc caused by rain in Dubai earlier in the week, the world’s attention was focused on the desert city for a glimpse of its financial future.There’s an influencer who’s had Botox treatments, a business development girl, and Hasbollah Sighting information (someone was promoting the newly launched web3 and memecoin launchpad) Hasubiland.io), the columnist you trust finds himself drowning, desolate, and about to be swept away by the rain.
I arrived in Dubai at the beginning of the week and immediately immersed myself in familiar territory: art. At the Blockchain Life conference on April 15th, I happened to 10101.Art Booth is a new platform that sells NFT tokens/shares of original works by Andy Warhol, Dali, Picasso, Banksy, and more. A limited number of pre-sale tokens were offered at the launch party held at the Monada Gallery in Dubai Financial Center (DIFC). The business model is masterworks.io, aims to democratize access to art by offering shares in blue-chip artwork as an investment vehicle to those who cannot afford to own 100% of the real thing, using only the additional layer of the cryptocurrency NFT I am. Can’t afford to pay millions for Picasso? Just buy a $100 slice!
And it happened. The Biblical 2024 Dubai flood was completely wiped out on the second day. blockchain life Not just the conference, but just about everything else in the Gulf petrostate. Accustomed to an arid environment, Dubai withstood a massive flood equivalent to a year’s worth of rainfall in just 12 hours, leaving homes and businesses across the emirate without essential utilities such as running water and electricity. It was done. Your humble columnist was trapped downtown, forcing him to walk 17 kilometers (10.5 miles) to his hotel. I walked most of it barefoot because my water-soaked shoes were pruning my feet.
The rain didn’t stop token 2049 But it caused significant delays for people arriving from out of town. Taking much-needed heat from Dubai’s flooded streets Pavel Durovthe mysterious and elusive founder telegram The messenger made headlines at Token2049 with several announcements aimed at enhancing and doubling Telegram’s encryption capabilities. Durov reveals plans to allow regular Telegram users to jump into the TON ecosystem and start paying Telegram channel administrators in TON for advertising and tip content creators in TON I made it. Durov didn’t stop there and floated the idea of trading stickers as NFTs on TON, with artists taking 95% of the proceeds. As the flood of announcements continued, Durov called for: Paolo Ardoino, tether’s The CEOs took to the stage and announced that they would be integrating USDT into the TON blockchain. My 2 cents: USDT has its own issues with auditing and transparency, so a native TON stablecoin could further shake up the industry.
The backroom deals based in Singapore didn’t stop there. QCP and More adventures It was announced that it was diving in Abu Dhabi waters. The two parties will work together to form a “strategic partnership” aimed at expanding digital asset innovation in Abu Dhabi and the MENA region. Details are sparse (as with most “strategic partnerships” in the MENA region), but what we do know is that QCP plans to open an office in the emirate, and Further Ventures will handle the broker-dealer license and custody. The goal is to promote the use of Al products. sale.
Abra This week also made headlines with the announcement of SEC-approved services Abra Prime and Abra Private. The integrated digital asset solution will be customized for institutional and retail clients and will be approved by the SEC for subsidiary Abra Capital Management LP to operate as a registered investment advisor. Abra currently aims to connect on-chain and off-chain ecosystems for private customers and institutions, navigating the vibrant (and sometimes murky) waters of profitable yields and borrowing against cryptocurrencies. I’m going to jump in and hope it doesn’t collapse like so many other high yield bonds. – fulfills the promise we’ve seen for years (shout out Voyager).
This week also includes other insights drift Announcing the DAO and new governance token airdrop, its Genesis airdrop aims to reward Solana DEX traders. As the rain eases across Dubai, Drift users find themselves caught in a downpour of newly minted governance tokens, with 10% of the tokens, worth 100 million, heralding a new era for the platform, and the tokens Rained on 180,000 Drift users based on the amount of. Activity on the Platform.
of Data Ownership Protocol (DOP) This week also made headlines for its newly announced partnership with Bitcoin.com. Riding a potential new wave of growth, DOP’s new plan expects to combine its native 48 million wallets and 1 million monthly active users with Bitcoin.com’s 4 million monthly news readers. , suggesting potential for new growth among Bitcoin’s biggest players. Some of them remain committed liberals who care about privacy and sound money and censorship-proof protocols, which I am keen to watch and support.
Finally, let’s talk about the party of the century. Or so I thought. Will Heckman from thestreet.com and round table media They promised us that there would be plenty of yacht dinners and after-parties during Blockchain Life and Token 2049. It sounded like the perfect blend of networking and fun, with the promise of meeting the industry’s elite. But as the week of April 15th to 20th passed, my inbox remained deserted. No invitations, no yachts. However, the sound echoes like something missing from a dream party. I believe my RSVP was lost at sea or washed away during the Biblical Flood. On top of that, there is also a desire to join hands with the crypto heavyweights. Oh, maybe next year.
