Are STOs replacing ICOs? And other takeaways from LA Crypto Invest Summit and Malta Blockchain Summit

By November 20, 2018 No Comments

November  has been a Blockchain packed month for us, as our CEO has been invited as an investor to two of the biggest conferences in the blockchain industry: Crypto Invest Summit in Los Angeles and Malta Blockchain Summit and now we’re packing again for London.

BTW, if any of you want to grab a cup of coffee, you can meet our CEO during the Blockchain Venture Summit that will take place on 21st of November.

However, before flying to London, we wanted to share with you the main key points from the L.A and Malta conferences.

So here we go:

The end of the ICOs is close

One of the main takeaways is that the era of the ICOs is nearly over. STOs – Security Token Offerings – are taking the lead.

During the conference there were various discussions from the types of assets being tokenized to all the legal implications and the infrastructure needed to support them. Although the infrastructure is still in it’s infancy, all the voices agreed that the STOs are the next big thing. Keep an eye on it!

Blockchain is a bubble

Steve Wozniak was one of the star-speakers bringing different perspectives to the table. Although he doesn’t claim to be a big expert in the field himself, Steve clarified his position regarding bitcoin by explaining that he invested in it for the sake of an experiment. However, he said that he is excited about how the technology is evolving but that there is one thing that the world must not forget: the human factor.

One of his most interesting remarks was that blockchain is a bubble:

The Internet was a bubble, but the thinking behind it was correct, it ended up being integral to our lives. Maybe with Blockchain it will be the same: it is a bubble, but in 10-15 years its value will show

Steve Wozniak

My 2 cents are that Steve is right, but I believe blockchain’s worth will be seen in an even shorter period than what he predicted. I’m curious about your opinion: is blockchain the new era or is it a trend slowly dying?

Malta is the Blockchain Island

One of the things I liked most about Malta Blockchain Summit was the diversity of the participants: over 8500 (the highest number stated) with different backgrounds and perspectives regarding the industry.

But what truly captured my attention was learning about the efforts that the Government and institutions do in transforming Malta in a blockchain heaven. The legislative actions seem to have created a sense of security and stability, Malta managing to attract top cryptocurrency exchanges like Binance and OKEx. Thumbs up, Malta!

Gaming industry – the playground for Blockchain

Gaming, Gaming and again Gaming… the topic came up multiple times during the events and was related to how blockchain is disrupting the gaming industry. The blockchain gaming advocates continuously emphasized that the main benefit of using blockchain in this industry is having true ownership of your in-game assets.

However, not everything is pink as the main bump in the road is the user adoption. It seems that there is a big challenge to onboard new users since:

Many gamers are blinded by what they are accustomed to.

Cristián GonzálezCEO of MEGO

On the list of obstacles for mass adoption we can also add the costs transparency and the quality of the games.

These are only a few of all the interesting things I learned from the conferences but I will come back with more updates from London. In the meantime, I’m curious to see what you think about Blockchain and where you see the tech heading in 2019.