It’s hard to believe that 2022 is the year that saw NFTs being sold for 100s of millionsand Bitcoin reach all-time highs of around 60,000 USD. While at the same time being theyear that saw multiple crypto companies crumble, including the infamous collapse of FTX,and causing Bitcoin to fall to 16,000 USD wiping out hundreds of billions from the cryptomarket cap. It is simply a year that the Web 3 world will never forget.
There were many downs in 2022. However, there are also a lot of positives thathappened to the Web 3 world. For instance, unstable companies such as Three arrowscapital, LUNA token and FTX went bankrupt and were removed from the ecosystem. Andthis caused the industry to mature by putting high priorities on compliance. Furthermore,this process has highlighted the importance of providing functional business utilities throughtokens and NFTs in the Web 3 world.
It is for those reasons that Metavsummit continues to make it a priority to attractthe builders of Web 3 & th
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