The second and remaining day of the Florida Bitcoin & Blockchain Summit constructed off the momentum of its opening day, starting and ending with huge bulletins and that includes about 20 extra intricate shows inside Amalie Area.
Throughout her welcoming tackle, Tampa mayor Jane Castor introduced she would settle for her wage in bitcoin.
Celsius, a monetary platform the place shoppers can earn, borrow and pay with cryptocurrency on the blockchain, and a key sponsor of the summit, supplied to facilitate the transaction. A spokesperson for Castor later clarified the mayor will obtain two paychecks within the apex cryptocurrency. Miami Mayor Francis Suarez lately grew to become the primary U.S. mayor to simply accept his wage in bitcoin and was then joined by New York’s newly-elected mayor, Eric Adams.
Elected officers receiving any portion of their wage in bitcoin is a boon to crypto fanatics, who see it as yet one more signal the burgeoning forex and expertise is gaining mainstream acceptance.
“Blockchain is the way forward for transactions – undoubtedly,” mentioned Castor in a video posted to her Twitter account. “And take a look at the explosion of cryptocurrency. So, we’re very excited to be internet hosting this proper within the Metropolis of Tampa, and we wish to be the chief in blockchain and cryptocurrency.”
Nuke Goldstein, co-Founding father of Celsius, instantly adopted Castor and defined how cryptocurrency is “the individuals’s cash.” Tampa Metropolis Councilman Guido Maniscalco additional exemplified how native leaders imagine within the blockchain and cryptocurrency.
“We hear about bitcoin is the longer term, crypto is the longer term, I heard that 10 years in the past,” defined Maniscalco. “The longer term is now; the longer term is right here. That is the way in which the world goes.”
Maniscalco mentioned cryptocurrency represents the most important switch of wealth in fashionable historical past. Like many others, he believes crypto supplies entry to wealth, can carry individuals out of poverty, and make the world a greater place. Maniscalco inspired individuals to not be afraid of recent monetary expertise, open their minds, and embrace the longer term.
Blockspaces co-Founder Gabe Higgins defined to a packed crowd how Internet 3.0 will change the web. Higgins mentioned Internet 3.0 will introduce new infrastructure and can cope with new networks and decentralization. New instruments and purposes are then wanted to “discuss” to the brand new networks.
“It’s a distinct language, so there’s a translation barrier there if you’ll,” mentioned Higgins.
Higgins then defined how non-fungible tokens (NFTs) clear up issues with counterfeiting, whether or not it’s media information, art work or luxurious items. An NFT is a digital asset that hyperlinks possession of an merchandise, which is securely recorded on a blockchain.
“This expertise goes to be the muse of an entire new structure and infrastructure that can mitigate in opposition to these sorts of fraudulent actions,” mentioned Higgins. “That’s what we’re constructing in the direction of – a extra clear, equitable world, utilizing a expertise that’s safe, immutable, and it could’t be hacked or cast or manipulated in any approach.”
Higgins mentioned Blockspaces is looking for new makes use of for blockchain expertise inside enterprise settings, similar to provide chain administration methods. He famous the disruption the pandemic has triggered to the worldwide provide chain and believes blockchain can cut back the friction brought on by totally different methods “talking totally different languages.”
“Siloed info is inflicting a lot friction that we are able to’t transact,” mentioned Higgins. “Blockchain solves all that.”
Higgins advised the gang his work with blockchain utterly altered his mindset. He defined the expertise and cryptocurrency go deeper than merely attempting to make a bunch of cash.
“Like Nuke mentioned earlier, ‘We’re not right here for quantity go up, quantity down,’” relayed Higgins. “If you’re right here for that, Godspeed since you’re most likely going to get wrecked.
“What we’re right here for is to essentially change how issues are working.”
The day started to shut with a hearth chat between Embarc Collective Founder Lakshmi Shenoy and ARK Make investments Founder Cathie Wood. Attendees packed into the Celsius Important Stage space to listen to a lengthy discussion with the innovation pioneer. The standing-room-only crowd stretched effectively past the view of the stage.
Wooden mentioned she seems ahead to working with group companions similar to Embarc Collective to deliver individuals from all elements of the nation – and probably the world – collectively to elucidate how advances in monetary expertise will change their lives and harassed the significance of training kids in a approach that evokes them to embrace the altering panorama.
“Innovation solves issues, and we have now loads of issues,” mentioned Wooden.
The evening closed with a particular presentation of the Innovation Catalyst Award to enterprise mogul (and proprietor of the Tampa Bay Lightning and Amalie Area) – Jeff Vinik. Florida Bitcoin & Blockchain Summit Founder Chris Krimitsos famous Vinik’s many philanthropic endeavors, his help of space startups and the monetary expertise trade, and his transformation of downtown Tampa.
St. Pete Catalyst publisher and Head of Community for Metacity Joe Hamilton offered Vinik with the award – a steel Fluent coin engraved with Vinik’s face and a corresponding NFT. Fluent is the native token of the Catalyst Metacity.
Vinik advised the gang he couldn’t wait to inform his children he obtained his first NFT and appears ahead to when the award is price $69 million. He additionally thanked Castor for her hands-on strategy to fostering development within the area.
“For this reason Tampa is superior,” defined Vinik. “Our mayor is at all times right here to greet each firm, to welcome each firm, to speak to each firm, and discuss them into coming to the Tampa Bay space. That’s why we’re on hearth.”
Vinik mentioned he was at the very least 1% disillusioned that Wooden selected St. Petersburg over Tampa, however famous the close-knit relationship the 2 neighboring cities take pleasure in.
“However we rise as a area and we fall as a area,” he mentioned. “It’s fantastic to have you ever deliver your self and all of your mental expertise to the world, it’s an awesome endorsement, and it’s nice to have you ever right here.”
Vinik closed by stating that from St. Pete to Tampa to Orlando, he believes this would be the fastest-growing area within the nation.
“We’re so honored to have this convention right here,” exclaimed Vinik. “We’re so honored to develop this hub, this important mass of blockchain corporations. It means the world to us.”