Prominent figures in the Web3 industry, including Steven Bartlett and Dr. Lisa Cameron MP, have called for urgent action from the UK government and regulatory bodies to support the country’s position as a global leader in crypto and blockchain innovation. These demands were made at this year’s Zebu Live event, which took place during London’s Web3 Week.
The event brought together founders, innovators, and experts to discuss the evolution of the crypto ecosystem and the mainstream adoption of decentralization. One of the key takeaways from Zebu Live was the increasing need for the UK government to create a regulatory landscape that fosters innovation in the digital revolution. Dr. Lisa Cameron MP, a vocal advocate for crypto and digital assets, emphasized the importance of passing jurisdictions that encourage momentum from investors, consumers, and companies. She believes that the UK has a “huge opportunity” to establish itself as a hub of digital innovation and lay the foundations for an inclusive digital future.
Steven Bartlett echoed these concerns, warning that without favorable regulation, industry-leading companies in the crypto space may take their ideas elsewhere, such as Dubai. He emphasized the need to strike a balance between protecting society and promoting innovation.
The event also addressed the rapid pace of change within AI technologies. Both Bartlett and Mo Gawdat, an AI expert and bestselling author, emphasized the collective responsibility of teaching AI and ensuring ethical interactions with machines. They stressed the importance of aligning AI decision-making processes with human ethics and values.
Representatives from Coinbase, Blockchain.com, Bitget, and Zodia discussed their investment strategies aimed at facilitating global adoption and making trading more accessible and secure. Tom Duff Gordon, Coinbase’s VP for International Policy, revealed that international expansion is a primary goal for the company.
The issue of misinformation and the verification of information and assets was also highlighted at the event. Bartlett expressed concerns about the risks of trusting what is on the internet, emphasizing that blockchain technology provides a solution for verifying authentic information and news.
Renowned macro investor Raoul Pal discussed the value of blockchain in creating digital scarcity and combating the over-saturation of digital content. He believes that as the world moves towards a digital future, blockchain will play a crucial role in maintaining value.
In addition to panel discussions and keynote speeches, Zebu Live featured a competition for Web3 start-ups, with sleap.io announced as the winner.
Looking ahead, Zebu Live is set to return in October 2024, and more information can be found on their website and social media channels.
Overall, the event showcased the importance of regulatory support for crypto and blockchain innovation, the integration of AI into the Web3 ecosystem, and the need for verified information in an increasingly digital world. The UK has the potential to become a global leader in this field, but it must act quickly to capitalize on the opportunities presented by Web3 technology.
More detail via Cointelegraph here… ( Image via Cointelegraph )