Forget about price! Polkadot Decoded 2023 says bear markets are for building

Cointelegraph
Cointelegraph

30 Jun 2023 6:18 AM

Polkadot Decoded 2023 is happening this week, and the entire ecosystem is focused on interoperability, easing developer onboarding and building infrastructure for the Web3 industry. ...

  • The Polkadot Decoded 2023 conference recently took place with over 100 speakers and 100 blockchain projects in attendance.
  • The bear market in crypto has led to a shift in perspectives and objectives, with a focus on builders and realistic real-world applications.
  • The conference emphasized the importance of transitioning traditional finance and Web2 companies into Web3, transparent VC funding, and seamless user experiences.
  • The opening panel discussed the potential of on-chain entertainment in music and film, with a belief that NFTs will play a significant role in user growth and mass adoption.
  • The fashion industry is also exploring entry into the Web3 space, with examples like Diesel.
  • The entertainment industry needs to embrace Web3 as a tangible and actionable ideology to bridge the gap between consumer desires and current products and experiences.
  • Community involvement and grassroots approaches are seen as essential in the crypto sector.

The sentiment of the article is generally positive, highlighting the positive aspects of the Polkadot Decoded conference and the shift towards a more practical and community-focused approach in the crypto sector.

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