Keeping the faith in crypto amid TradFi crisis: Paris Blockchain Week 2023

Paris Blockchain Week 2023 (PBW) was buzzing with talk of innovation in blockchain technology and the future of the Web3 industry.

However, the conference occurred amid a major banking crisis in the United States, which shuttered crypto-friendly Silicon Valley Bank (SBV) and continues to affect many others worldwide. While it was not the central theme of PBW, for many, it was a moment to emphasize the utility of decentralized finance (DeFi) when traditional finance fails. 

Cointelegraph reporter Joe Hall was on the ground in Paris catching up with some of the leaders in the Bitcoin (BTC), crypto and Web3 space. In this episode of Decentralize with Cointelegraph, we tune into the highlights of some of Hall’s conversations with industry movers and shakers on topics including Web3 mass adoption, the role of Bitcoin in current market conditions, the metaverse and more. 

The episode starts with a message from Pascal Gauthier, CEO of Ledger hardware. Gauthier spoke on the master stage at PBW, delivering a message of hope for the crypto space in times of uncertainty in traditional finance, or TradFi.

Related: ETHDenver 2023: Cointelegraph afterparty delivers a ‘packed house’ and other notable events

Sergej Kunz, co-founder of 1inch Network, and Paolo Ardoino, chief technology officer of Bitfinex and Tether, spoke on the power of Bitcoin against problems in TradFi, such as fiat inflation and the banking crisis. 

The episode concludes with thoughts from Michael Amar, chairman of Paris Blockchain Week; Robbie Young, CEO of Animoca Brands; and Ryan Nitz, head of solutions architecture at Coinbase, who shared his thoughts on how brands are making the transition from Web2 to Web3.

To hear more industry insights from Hill’s time at PBW 2023, tune in and listen to the full episode of Decentralize with Cointelegraph on Cointelegraph’s new podcasts page or on Spotify, Apple Podcasts, Google Podcasts or TuneIn.

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