VENT at the Avalanche Summit II
Few days ago, VENT was live in Barcelona for the Avalanche Summit II alongside over 3000 attendees.
The six day event which began May 1st, saw over 125 keynote speakers electrify the 94-year-old Poble Espanyol heritage museum with insightful analysis on current trends and future prospects for Web3. Here are some of the best highlights.
The Future of Blockchains
Emin Gun Sirer, Founder of Ava Labs, delivered the keynote address on the future of blockchains. The former Cornell University Computer Science professor shed light on the possibility of integrating AI Generative pre-trained transformers (GPT) into Layer zero blockchains like Avalanche to tackle costly layer smart contract errors. Imagine writing complex smart contracts with simple prompts. Huge right? We thought so too.
On Becoming Your Own Bank
It was also a pleasure to listen to Ken Olling, CEO and Co-founder of MELD, dissect the project’s vision to decentralize ownership of high-end financial technologies and infrastructure peculiar to centralized finances for everyday users.
Olling unveiled MELD’s pivot from Cardano to Avalanche subnet as part of its transition to a hybrid fiat-crypto multichain Neobank. The VENT original which had earlier announced a partnership with Traderjoe.xyz, officially released its MELDapp at the summit and hinted at the launch of MELD.Fi in August. There’s a $50,000 support fund for anyone looking to build on MELD.
Big on Gaming and NFTs
We’ve seen Dokyo, the ultra-realistic computer game coming to Avalanche — but there’s more. At the summit, Avalanche disclosed its plans to create a haven for digital artists and Web3 creatives with the launch of its funding, mentorship, and support program.
The layer zero blockchain launched the Avaissance platform in March featuring an art-based Mona Lisa initiative and a six-month-long Artist in Residence program. The initiative is aimed at incubating the first 50 creatives for gaming and NFTs. Maybe an Avax-based MMORPG project will be next on VENT, who knows?
DeFi Road to a Trillion Market Cap.
VENT found the talks about scaling activity and adoption in the DeFi sector quite interesting. Ava Labs Luigi Demeo shared the stage with Mounir Benchemid of Paraswap, Benqi’s Alex Szul, and Julien Bouteloup from Stake Capital as they focused on steps DeFi can take to 20x its current market cap to a trillion dollars. Regulations, TradFi collaborations, and finance-oriented developers were some of the key needs identified. With the long-awaited EU MiCA laws now passed, DeFi can leverage Europe’s more stable regulatory environment to grow.
The Future of Tokenization
Carbon credits? exotic wines? There’s no limit to what can be tokenized these days thanks to regulatory clarity and ownership security improvements. Dr. Genia Diamond together with Carlos Domingo (Securitize), Karn Saroya (Re Insurance), Pat Hourigan (Defyca), and Anurag Soin (ANZ Bank) oversaw an enlightening discussion on the current spate of tokenization, the problems of liquidity mismatch, and fractional ownership as a suitable solution for fluctuating illiquid assets.
Tokenization is at the core of VENT and the discussions around the concept reinforce our belief that barriers to entry and adoption must be reduced without sacrificing regulatory compliance. This is key to unlocking the next level of institutional adoption.
There was food and games, more talks about stablecoins and carbon ratings for crypto. Our CEO and Co-founder, Lucas Mateu, found time to relax, network, and catch some of the legendary Picasso paintings.
Barcelona will come alive again in July, for the ETH Barcelona. For now, it’s back to building.
About VENT
Vent Launchpad is a highly intuitive crowdfunding platform dedicated to providing early-stage projects access to funding from community members.
Combining simplicity, security, transparency, and inclusivity, we are determined to reset the world’s expectations of what a decentralized launchpad is and help evolve the reputation and maturity of the DeFi space and crypto ecosystem.
Twitter | Discord | Telegram Community | Website | Launchpad
