ATOM struggles as Cosmoverse showcases the strength of Cosmos ecosystem
The final day of the Cosmoverse in Medellin is coming to a close in a South American party atmosphere with few believing a bear market is underway. Builders, investors and fans of the Cosmos ecosystem gathered in Colombia to celebrate the world of Cosmos and learn about the launch of ATOM 2.0.
However, community sentiment aside, Comos’ native token, ATOM, has struggled to hold on to $14, falling 12% against Bitcoin since the start of the event.
Cosmoverse: Everything You Need to Know
Day one kicked off with a memorable rap from Cosmos co-founders Ethan Buchman and Sunny Aggarwal, who donned their armor to advocate for the need for mesh security across the Cosmos network.
of ATOM 2.0 Whitepaper Presented on the first day of the conference, it outlined a new economic model for the future of the token. In presenting the white paper, Bachmann said:
“Cosmos is not competing with other blockchains. It is competing with legacy institutions to maintain the values of sovereignty and interoperability and to enable greater political and economic expression.”
Zaki Manian, co-founder of Sommelier, Cosmos’ revenue optimization platform, spoke enthusiastically about the future of the ATOM token. In his new vision for ATOM, Manian praised Liquid for his staking, allocation model and cross-domain MEVs, stating, “Finally, Cosmos is the right way for him to redirect value within his ecosystem to ATOM. I now know what is.”
Other talks on Day 1 covered Cosmos’ core development principles, Medellin’s evolution as a technology hub, web3’s growth within LATAM, a P2P staking platform called Neutron, Komodo’s integration into the Cosmos ecosystem, and Persistence. Interchain DEX from.
The second day of the event kicked off with Quicksilver co-founder Joe Bowman speaking about the importance of liquid staking within the Cosmos ecosystem. At a star-studded panel, Osmosis co-founder Hyung Yeon put forward the concept of blockchain working together to expand his DeFi ecosystem. “
Other talks on day two covered web3 privacy, carbon credits, building communities with NFTs, and web3 gaming on Cosmos.
The final day is underway at press time, packed with jaw-dropping content, and you can watch it all live Youtube.
