The future of NFTs was explained at the Blockchain Week Summit in Paris

The Paris Blockchain Week Summit was hosted by the Palais Brüngniart in Paris on April 13-14. The blockchain presentation was an opportunity to discuss emerging technologies in the blockchain ecosystem and look at the latest innovations. A large number of projects and stakeholders have shared their position on the future of the ecosystem and more specifically on NFT technologies. Let’s review some of the ideas that were presented during the presentation.

In short, Blockchain Week Summit in Paris

The event was a real success on the French blockchain, as it was able to satisfy the crypto enthusiasts who made the journey. In fact, it was nearly 6,000 participants, 355 speakers, 250 sponsors, and 350 media and press partners that the series of events, the show’s organizer, were able to bring together at Palais Brongniart.

Source: Event Series, DamienBresson

The program for these two days is preceded by NFT betting dayIt swept all the major blockchain topics. In fact, the event covered 4 major issues which are businesses and blockchain, decentralized finance, the technological revolution of blockchain and the close relationship between blockchain and regulation.

So the Blockchain Week Summit in Paris was an opportunity for blockchain professionals to come together to discuss common issues, but also develop their projects. Several conferences with distinguished speakers have been able to cover almost all the major topics of the ecosystem and have led to interesting discussions about these technologies. The promising technology of NFTs has been able to revitalize discussions. Let’s review together the arguments put forward to justify the widespread use of this technology in the coming years.

NFTs as a tool for digital ownership

Thus, the first conference we attended dealt with the topic of metaverses. Indeed, in this panel, the metaverse’s place in a digital world powered by Big Tech was in the spotlight. Diverse panelists, including Sandbox co-founder Sebastien Bourget, and Benoit Pagotto, explained their vision for metaverses and the importance that NFT technologies will hold there.

I’m not telling you anything, the world of Big Tech is built on collecting, analyzing and reselling personal data. Web3 and NFT technologies aim to return ownership of this data into the hands of users. Thus, embracing this culture means adopting a new way of consuming the web. However, today Big Techs are the companies with the most global strike force in terms of product development. Therefore, this discussion made it possible to realize that the transition to Web3 and the extensive use of the resulting technologies would not happen without the will of these digital giants.

Then the conferenceHow NFTs are changing the art worldHe highlighted the importance of this technology to artists. sponsored by Julia Architeand Inna Modja and Agoria, this discussion revolved around these new business improvement tools geared toward creators. In short, NFT allows artists to get a greater share of the sale of their work, provides an alternative source of income and ensures that the creator obtains equity in the event of a sale in the secondary market. The artists mentioned above explained their journey and how this new technology managed to propel them to the front of the stage.

The end of notaries with NFTs?

Finally, the impact of NFTs in the real estate sector was highlighted at the conference: “New Forms of Ownership: Digital Real EstateReal estate procedures are very boring today and blockchain technologies can modernize the field quite well. Indeed, by introducing digital ownership, NFTs can, to some extent, ease documentation processes. Imagine being able to transfer ownership of an apartment, a house simply by Proper NFT transmission?Obviously we are still far from this model for obvious regulatory reasons!However, when we highlight the era of these technologies with all the questions they pose, it is easy to see their potential in the medium and long term!

NFT techniques were honored during these three days at the Brongniart Palace. Paris NFT Day, the opening ceremony of the 100% NFT show, highlighted the interest in this technological revolution in the ecosystem before making way for the Blockchain Week Summit in Paris. However, this digital asset suffers from its reputation, as numerous violations have erupted against it. How can such inflation rates be justified, as the population suffers the consequences of global geopolitical conflicts when teens exchange pictures of monkeys for $200,000? This area of ​​the blockchain is developing at record speed and a regulatory framework will have to be put in place in a fair manner so that its proper development does not hurt.

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