Blockchain and Crypto Heavyweights Convene at the Inaugural International Blockchain Summit

The first edition of the International Blockchain Summit, titled Blockchain Vibes Lagos, was held at Glover Memorial Hall, Lagos on Saturday, July 9, 2022.

The event was packed with inspiring speakers, founders, enthusiasts and other stakeholders in the blockchain and crypto space.

The summit featured keynotes and thought-provoking panel discussions, including product demonstrations from brands such as Qitmeer, Sinso Technology, Bitget and BoundlessPay.

To advertise

To advertise

BoundlessPay CEO and Head of Blockchain Vibes Lagos, Franklin Peters, welcomed everyone and introduced the guests.

He briefly explained why everyone came together and talked about his passion for blockchain and his plans to move the International Blockchain Summit to other parts of the world.

The first keynote speaker for the event was Chimezie Chuta, Partner, Opponent and Chair, Blockchain Nigeria User Group (BNUG).

He spoke about the depth of blockchain technology and how it can help individuals, especially those living in Nigeria and Africa.

His lecture was about the evolution, growth and development of blockchain technology in Nigeria. According to Chuta, Nigeria is at the forefront of funding blockchain startups in Africa.

“More than $91 million has been invested in blockchain startups in Africa this year, with Nigeria accounting for about 39% of that investment.”

He added that Adaverse is the leader in financing blockchain startups in Africa. He encouraged founders and people building solutions with blockchain technology to visit Adaverse’s website and submit their funding requests or contact him via email.

Discussing the challenges of blockchain technology in Nigeria, Chuta said there is no defined regulatory framework. Some of these challenges include crypto scams and Ponzi schemes, technical scalability challenges, and a shortage of required talent.

He offered some progressive steps and what the Nigerian government should be doing in the blockchain space.

Government should work with communities and other stakeholders to address stakeholder engagement issues, staff training (retraining and workforce development), create sandboxes and regulatory frameworks, and sponsor supporting legislation.

Immediately after the first keynote, the event’s first virtual panel discussion took place, with Paula Tavangar, Chief Investment Officer at Swissborg Ventures, as moderator and Nauman Ali, CEO of Eumlet, as panelist. they talked about the journey through seed capital.

The second panel session brought together heavyweights from the international crypto community to discuss the crypto market crash and what to expect. The moderator for this session was Gray Jabesi, founder and CEO of Crypto University.

The panel consisted of world-renowned crypto influencers in the person of AM Crypto, Davinci Jeremie J15, Carl Runefelt and Futurist Kwame.

Gray posed the long-awaited question, “What should we expect with the current crypto market downturn?”

Futurist Kwame Said He Is Still With Crypto Despite The Current Crash,

“The first choice is that you should not be in a project for a short period of time; you have to think long term.

He advised the public to focus on long-term value and concluded by saying, “If you understand the technology we are building, we know that bitcoin is bitcoin.”

AM Crypto said he agreed that the bear market would continue.

Carl Runefelt expects the crypto market to be in a bear market and the traditional financial market to perform poorly. He believes that the best investment should be in bitcoin and gold.

On what the future of bitcoin looks like, Davinci Jeremie J15 thinks bitcoin remains the best form of currency in the crypto space.

Futurist Kwame closed the session saying no one knows what will happen and adding that people should only put money they don’t mind losing in crypto.

The following keynote speech was virtually translated by Professor Ndubuisi Ekekwe – Founder of Tekedia Capital — who spoke at length on the topic of “Entering the Digital Economy”.

During the panel discussion titled Virtuality to Reality – How Blockchain Technology is Changing the Real Estate Industry, Tony Obiajuru and Prince David Omaghomi (founder of Landcheck Africa) discussed some impressive use cases of blockchain in real estate technology.

Prince David spoke about digitizing land ownership using blockchain technology. He believes there is still work to be done and sees the potential of eNaira and its possible use case in the real estate sector.

Finally, he encouraged the public to start investing in real estate as soon as possible because it is an investment that has the potential to continue to appreciate.

The final roundtable brought up Ugochukwu Aronu, CEO of Xend; Ikechukwu Okeke, CEO, OBIEX Finance; Emmanuel Babalola, CEO, Bundle; Oluwarotimi Ogunwede, CMO, Patricia Technologies and others contribute to the discussion about the role of exchanges, wallets in blockchain adoption.

Frank Fagbo, a media and communications expert, moderated the session.

Senator Ihenyen, Senior Partner, Infusion Lawyers and Chairman, Stakeholders in Blockchain Technology Association of Nigeria (SiBAN), delivered the final keynote address and spoke about the need for regulation in the blockchain space. He also touched on the role of SiBAN in the Nigerian blockchain space.

In his lecture, Ihenyen emphasized the need for self-regulation in the blockchain space and concluded that he believes self-regulation and government regulation can be beneficial and welcome in the blockchain space.

Leave a Comment