DAY 2: Miami Web3 Summit – Powering Ahead

Day 2 of Miami Web3 Conference

A Massive Success! Co-sponsored by the City of Miami, CTH Group (Fundamental Labs | IDEG | Atlas Technologies) extended its Day 1 success, bringing in over +100 speakers and thought leaders and totalling over +1,000 high-quality investors and attendees.?All views expressed by the speakers were?their own personal views.

“We Came to Miami, We Saw Miami, We Conquered Miami.”

After Day 2 attendees enjoyed a hearty breakfast in a packed room?CTH’s very own vice-chairman, Guang Yang, opened day 2 of the conference, welcoming the full-house audience back. He reiterated Day 1’s message, that “The CTH Group, with its sister companies, represents the ideal global and APAC partner, bringing its unique crypto expertise to Miami (US).” He then happily introduced the well-known investor Tim Draper to the stage.

Exhibit A: Day-2: A Well Attended Breakfast, CTH Vice-Chairman, Guang Yang, Welcomed Returning Conference Attendees

Mr. Draper, Founder of Draper Associates, an early investor of Bitcoin since 2011 and a staunch advocate of Digital Assets and Web3 and gave his personal views and outlook for the digital asset market.

Exhibit B: Tim Draper, interviewed by Henry Love (Fundamental Labs)?

Tim Draper delivered his personal following message to our attendees:?

1. “Going forward, successful countries will allow digital assets,?their people will thrive and build new value economic?mechanisms to benefit society. Institutions that say “No” to?digital assets will limit innovation. Bitcoin, DAO’s and Web3?are set to revolutionise national economies.”?

2. “We are heading into recession. Those that innovate?within the recession will fare best. Some of the most?valuable companies today were started in recessions. We?are going through an anthropological leap forward,?blockchain and web3 will transform legacy finance.”?

3. “Redefining the existing real economy takes time, it does?not happen overnight. We rely on continuing to attract the?smartest people to this industry to evolve our economy?of today to the economy of tomorrow.”?

Exhibit C:?Fireside chat with?Anthony “Pomp” Pompliano,?interviewed by Kyle Ellicott (Fundamental Labs). Straight after?the class act of Tim Draper, the room was packed to hear?“Pomp’s”, a respected investor into both Bitcoin and across the?crypto venture landscape.

Outlook:?

1. “Institutions are already in digital assets. Yesterday,?Fidelity announced they will allow digital asset trading,?increasingly other asset managers will have to follow.”?

2. “Free market economies allow individuals to build their?own projects, sidestep the legacy incumbents, that are?slower to innovate.”?

3. “Currently, I am cautious on the market, risk averse.?Bitcoin, is viewed as the riskiest part within a traditional?portfolio. However, Bitcoin, within a digital economy?basket, compared to the digital VC investments I make, is?the lowest risky asset.”?

Exhibit D: Day 2 Miami Web 3 Conference Attendance Clearly Shows?"Winter Does not Come to Miami."

Exhibit E: Battle for Scalability?is a fast and furious technical?discussion on interoperability between blockchain and numerous?DLT technologies that exist. Miami Web3 was pleased to host?some of the sharpest “smart contract” tooling providers, having them deliver their professional vision for scaling. Very excited to?have technical providers from?Concodria, Stratos and Ava Labs.?

Exhibit E: Introducing Next Frontier Battle for Scaling and Blockchain?Adoption (RHS - Moderator: Kevin Loo, IDEG)?

Thomas Ruble (Concodria Blockchain): “There is no ‘one chain to?rule them all’. Our aim is to remove the requirement for bridges?between chains and try to increase operability between disparate?chains which, as the digital ecosystem grows, may fragment both?liquidity and user base.”?

Claire Zhang (Stratos): “We are a layer 0. From a technical?perspective, Stratos is a D-cloud that allows mitigate scalability?issues, addressed via our decentralized architecture of storage and?computation for existing web2 projects to adopt.”

Morgan Krupetsky (Ava Labs):?“With respect to selecting a scaling?tool, enterprises need to identify the factors and objectives that business / project wish to achieve. Ava focused on enterprises on?the Avalanche blockchain, however there might be other tools,?better suited to different use cases.”?

Also,?Exhibit F, throughout the conference institutional leaders had?plenty of opportunities to meet over refreshments and exchange on both East and West viewpoints?on global crypto regulation and trends.

Exhibit G: Emerging Managers, Investing in Web3’s Future?was?well attended by well-known Web3 funds, hosted by Christophe Lee?(IDEG). They gave their comments on current market conditions,?past performance and lessons learned for setting up for the next?bull run.?

Exhibit G: The Right Stuff - Web3 VC Funds (RHS - Moderator: Christophe?Lee IDEG)

David Gan (OP Crypto):?“We are a Fund of Funds and a direct?investor. We see investing in managers and projects as the same?due diligence process. Managers are finding capital raising scarce.?Managers will likely cut fees this time, compared to the bull market.”?

Yida Gao (Shima Capital):?“We write a lot of small cheques to?multiple founders. A lot of the founders in the bull market are no?longer here, which is a good thing. It's easier to hire talent and it's?easier to increase runway. We don't miss the short-term tourists.”

Dave Wang (Palmera Crypto):?“In Bear market, assets traded?down ~50%, the opportunities are easier to identify at these levels?for the biggest gains in the next cycle.”

Exhibit H: Lights, Camera, Action – Web3 and Hollywood?– Bill?Kramer discussed the ability of Web3.0 with Henry Love?(Fundamental Labs) to accelerate and reach new audiences and?fans, globally. The academy opened a historical museum to the film?and entertainment industry in Hollywood. They launched an NFT?series to commemorate the opening.?

Bill Kramer gave his unique insights on how powerful Web3 can?influence Hollywood content distribution into the future:?

1. “Studios are thinking very hard about how to embrace and?use web3 to enhance distribution of content to the world.”?

2. “We want to enhance distribution mechanisms; however, the?industry has a fear of lower quality of content. While we are?keen to embrace web3 technologies, studios need to?safeguard against quality deterioration.”?

3. “Be authentic, keep your quality high, regardless of your?distribution mechanism. Think about what your appropriate?level of distribution should be.”?

4. “The Oscars will be happening 12-March-2023. Audiences?will see a structure and campaign to see a shift in focus to?take the Oscars well into 2028.”?

Exhibit I: Prior Night - Attendees Enjoy a Glamourous Gala Dinner to?Network and Chart the Professional Outlook Forward?

Exhibit J:?Most agreed that ‘gaming’ is where a fun experience?starts. Fundamental Labs very own Vinayak Rao (Principal) led the?panel discussion to extract unique insights on how gaming will be?the catalyst to drive wider Web3 adoption.

Exhibit J: Evolution of Gaming: Guilds GameFi & Metaverses.?Moderator: Vinayak Rao - Fundamental Labs?

Jeremy Horn (Xterio): “As a gamer, I am not super optimistic on?metaverse. We saw pure token raises, but now it's not feasible as?building a balanced game, let alone a balanced social metaverse?construct, is very hard.”?

David Bennahum (Ready Games):?“A good user experience of the?player will drive relevant to adoption of in game assets, which in turn?can drive Web3 adoption.”?

Devan Maltora (Valhalla Ventures): “We are sceptical that 100’s of?millions of people will enter metaverse, from gaming, without?material improvements to make it just a simple an enjoyable place to hang out.”?

“We Came to Miami, We Saw Miami, We Conquered Miami” –?with the blessing of the City of Miami.?

CTH Group (Fundamental Labs | IDEG | Atlas Technologies)?received both a huge and warm reception from the city of Miami.?Throughout the 2-day Miami Web3 conference there were many,?many, many more critical insights delivered. We have aimed to just?highlight but a few.?

Exhibit K: “Big Thanks” to CTH Group Team That Helped to Conquer?Miami (IDEG | Atlas | Fundamental Labs)?

Conference audience and speakers were ALL highly appreciative of?the hard work and efforts by the CTH group team to pull this?conference together. We are humbled by all the new business?friendships and contacts established in Miami and the wider US market.?

CTH Group and group companies (Fundamental Labs | IDEG | Atlas Technologies), represents the ideal?global and APAC partner, bringing a unique crypto vertical expertise, to the City of?Miami (FL-US). We aim tirelessly to service our clients, partners and build?our reputation of trust and relationships globally.?

We aim to return to Miami and continue to build bridges of?friendship, business connections and influence, alongside our?partners.?

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