EthCC gets underway as building a decentralized society and surviving a bear market top the bill
The Premier Ethereum Conference, EthCC, kicked off on July 19th with investors, builders and founders from across the ecosystem in Paris. The heat waves that shake Europe have reached 41c / 106f in the city, but will the event be just as hot? With talks from Gitcoin, Sequoia Capital, Polygon, Optimism, Kraken, Coinbase and more, there are currently no signs of a bear market in Paris.
Kevin Owocki, co-founder of Gitcoin, started the main stage of EthCC and talked about how to build a decentralized society and the benefits it brings to the world. The title of the talk is “Civil Resistance for the More Democratic Web3”, Civil Attack on the network.
Sybil attacks consist of creating multiple identities, destroying reputation systems, controlling the network, and having a significant impact on the network.
“Depending on our reputation, there are various activities in our lives every day. We will create directed graphs of these attestations and build a dense test network of attestations to form a decentralized society that everyone can do. Imagine you start doing it, using data to notify you.
Know everything that everyone else in the ecosystem is doing and build interesting use cases that were previously inaccessible. “
In response to this issue and the desire to continue to grow web3, Owocki has announced the launch of the “Gitcoin Passport”. Your passport acts as a digital identity that “enables a reborn society.”
Paul Veradittakit, a partner at Pantera Capital, also spoke on the first day, advising the project on how to survive the bear market and create exit value for investors. According to Veradittakit, Pantera’s monetization efforts are “accelerating” in the bear market.
Sequoia’s talk was full and the audience flooded the hallway to hear about Sean Magwire and Pat Grady. Their session, “Distilling the 50 Years of Hard Lessons at Sequoia Capital, Including How to Survive the Market Cycle,” was the most popular of the first days of EthCC.
Richa Joshi, co-founder of Ethereum Push Notification Service (EPNS), announced the evolution of web3 and talked about why web2 companies should adopt blockchain technology.
“The evolution of the Web is the transition from one-way interaction with Web1 providers to P2P networks that check each other on Web3.”
Optimism and excitement for blockchain is high among participants. Sponsors, speakers and builders are often relieved to embark on the bear market, as many cite the stress and noise of the bull market as a distraction.
The difficulty of distinguishing between “signal and noise” within Brulan is common among EthCC insiders. Many may be worried about the fall in Bitcoin prices, but Paris is terribly lacking in bearish sentiment.
Some may argue that those who attend bear market events are not a valid sample for judging overall emotions. But if the top name of this space looks to the future and only attends a week-long event during extreme weather warnings, it’s hard to argue.
The only recurring problem most people who talk to CryptoSlate are UX and wallets. The need for a better user experience on web3 and the technical nature of crypto wallets are crucial issues to facilitate the next bullan.
For more information on the event, please visit: ethcc.io Shows the live stream for each stage. CryptoSlate also covers select talks and interviews with the founders of companies such as Safe, Nansen and MEW.
