WEB3 WEALTH LIFE
Blockchain Life 2024, a premier event in the global blockchain community, brought together a powerful assembly of investors, experts, developers, and entrepreneurs in Dubai. With over 12,000 participants from 120 countries, the two-day event focused on exploring the latest trends, innovations, and investment opportunities within the blockchain space.
The 13th edition of the conference took place at the Festival Arena in Dubai Festival City, offering an ideal platform for networking, knowledge-sharing, and discovering potential partnerships. Key highlights of the event included insightful discussions led by industry leaders, an innovative expo showcasing cutting-edge blockchain technologies, and exclusive VIP experiences for attendees.
“This year, we reached a milestone with 10,162 attendees. They know that the current market growth is just the beginning of a real explosion. The next wave is coming, which is why top projects, insiders, and funds gathered at Blockchain Life to finalize their preparations. Now, we are gearing up for a historic bull run that will be remembered for years.” commented the organizer of Blockchain Life, Sergei Khitrov.
The Blockchain Life Forum served as a catalyst for the ever-evolving financial landscape, offering attendees an unparalleled opportunity to engage with and learn from the most influential figures in the blockchain and cryptocurrency domains. In this dynamic event, attendees absorbed invaluable knowledge and wisdom from industry pioneers, ultimately strengthening their understanding of the market and refining their crypto investment strategies.
The Blockchain Life Forum has consistently attracted an impressive lineup of speakers from various industry-leading companies, including OKX, CoinMarketCap, Bitmain, Bybit, Binance, Animoca Brands, Circle, BingX, ICP, Kraken, TON, Sandbox, Polygon, Litecoin, Sui, BNB Chain, Cardano, DYDX, VeChain, Osmosis, Chiliz, Algorand, Ether Fi, Manta, Mantle, and Delysium.
The forum’s diverse range of panel discussions, keynote presentations, and exhibitions provide attendees with unique insights into the ever-evolving world of Web3, cryptocurrencies, and mining. These events attract a global audience of over 10,000 participants, representing 120 countries, and feature thought-provoking discussions on the latest market developments, emerging trends, and innovative solutions.
As the premier gathering for industry leaders, the Blockchain Life Forum continues to offer a platform for collaboration, knowledge-sharing, and networking, solidifying its position as a must-attend event for anyone involved in the blockchain space.
The Blockchain Life Forum’s exhibition featured 125 visually stunning booths, showcasing major players such as OKX, Bitmain, BingX, KuCoin, Bitget, Listing.Help, and Uminers. This exclusive opportunity offered attendees a firsthand look at the cutting-edge technologies and groundbreaking innovations that are currently shaping the future of the cryptocurrency landscape.
As industry leaders gathered under one roof, visitors had the chance to explore the various products and services on display, learn about emerging trends, and engage in insightful conversations with company representatives. This impressive showcase of crypto companies not only provided attendees with a unique learning experience but also highlighted the rapid growth and evolution of the crypto industry as a whole.
Panel discussion on Web3 Emirates Today: Startup Hub and High-Competitive Reality,” panelists explored the United Arab Emirates’ emerging prominence as a global center for Web3 innovation and the competitive dynamics shaping this rapidly evolving ecosystem. The UAE government has demonstrated a significantly higher acceptance of cryptocurrency policies compared to other jurisdictions like Singapore, Europe, and the United States. This supportive regulatory environment has successfully attracted substantial capital flows into Dubai and facilitated the development of Web3 infrastructure.
The panel discussion represented a critical conversation about the future of Web3 in the Emirates, addressing the unique advantages and challenges of building blockchain-based startups in the region. Dubai’s emergence as a vibrant city for the Web3 industry positions it to radiate influence across the Middle East, Africa, and South Asia markets.This panel at Blockchain Life 2024 was part of a broader trend of high-profile blockchain and Web3 events being hosted in Dubai, including the Web3 Summit Dubai 2024, the Invest Web3 Forum, and various other conferences focused on the intersection of blockchain, cryptocurrency, and Web3 technologies.
Dr. Marwan Alzarouni: As the CEO of Dubai Blockchain Center, Dr. Alzarouni has been instrumental in driving Dubai’s blockchain initiatives and fostering innovation in the space. His participation represented the official Dubai government perspective on blockchain development.
This supportive regulatory environment has successfully attracted substantial capital flows into Dubai and facilitated the development of Web3 infrastructure. Dubai has taken concrete steps to establish itself as a leader in the space, including:
Becoming the world’s first government to enter the Metaverse and formulating a five-year Metaverse strategy
Establishing the Virtual Asset Regulatory Authority (VARA), which has attracted numerous well-known exchanges to set up headquarters in Dubai
Announcing the issuance of AI and Web3 licenses through the Dubai Artificial Intelligence and Web3 Campus
Creating comprehensive plans to establish Dubai as a center for artificial intelligence and Web3 technologies, with goals to create 40,000 Metaverse-related jobs within five years and generate $4 billion in annual economic growth
UMINERS is one of the leading distributors of mining equipment worldwide. The company offers comprehensive turnkey solutions for mining farms, from supplying the latest ASIC miners to setting up power systems. UMINERS specialists handle all issues to ensure uninterrupted operation and profitability of the mining enterprise.
The UMINERS team has enough experience and skills to provide quality services at every stage, ensuring clients the good operation of mining equipment. UMINERS is always in search of effective solutions that allow adapting to the constantly changing conditions of the mining industry. The company’s striving to fully satisfy clients’ needs becomes the driving force on the way to improvement and development.
Uminers won in two categories: Company of the Year and Distributor of the Year.
At the Blockchain Life 2024 Forum, Alicia, the Managing Director of KuCoin, delivered an enlightening keynote speech titled “Shaping Crypto Minds with KuCoin: Education Makes Mastery.” Her presentation focused on addressing the existing knowledge gaps within the cryptocurrency industry and the initiatives that KuCoin has undertaken to bridge these gaps through comprehensive educational programs.
KuCoin’s commitment to user education is evident in the success of its various learning platforms. In the first half of 2024, KuCoin Learn, a dedicated educational platform, attracted an impressive 1.5 million engaged users. Additionally, the KuCoin Learn and Earn program has seen participation from over 2.72 million users since its launch, highlighting the growing interest in educational resources among crypto enthusiasts.
These programs form an integral part of KuCoin’s overall strategy to promote informed and responsible participation in the crypto space. By equipping traders and investors with essential knowledge and tools, KuCoin is fostering a well-educated community that can make confident and informed decisions within the dynamic world of cryptocurrencies.
“At KuCoin, we believe that an educated user is a secure user. Our educational platforms, including KuCoin Learn and KuCoin Campus, are designed to empower our users with knowledge that enhances their trading experiences while emphasizing the critical importance of security,” she stated.
During her keynote speech at the Blockchain Life 2024 Forum, Alicia, the Managing Director of KuCoin, underscored the significance of security within the cryptocurrency realm. She reaffirmed KuCoin’s dedication to addressing user concerns and fortifying the security measures in place to protect their investments.
KuCoin recognizes that security is paramount in fostering a trustworthy and reliable trading environment. As such, the platform continually invests in robust security infrastructure and protocols to prevent unauthorized access, thwart potential threats, and safeguard user assets.
The panel discussion on “Evolution of Security and Crime in the Cryptocurrency Space” delved into the ever-changing landscape of crypto security. As the industry matures, the threats facing digital assets have become increasingly sophisticated, with criminal enterprises adopting more structured and corporate-like approaches.
The infamous Mt. Gox hack of 2014 remains a significant event in the history of cryptocurrency, as highlighted by BeInCrypto CEO and founder Alena Afanaseva. The hack resulted in the loss of 850,000 BTC, eroding investor confidence and triggering stricter regulations in Japan.
The aftermath of the Coincheck hack in 2018 further emphasized the importance of robust security measures, prompting Japan to tighten its standards and restore trust in the market. Alena Afanaseva: “Take control of your assets. Stay informed and use reliable sources to educate yourself.”
Recent developments, such as the ongoing Mt. Gox creditors’ payout process, underscore the ongoing impact of these events on the cryptocurrency landscape. The transfers of large sums of BTC to unmarked wallets and the looming repayment deadline continue to raise questions about the fate of the remaining assets and the potential implications for the broader crypto market.
The increasing prevalence of phishing scams targeting cryptocurrency users was a key point of discussion during the panel. Zied Brini of Consensys drew attention to the fact that many breaches are a result of inadequate internal controls, rather than inherent vulnerabilities in the blockchain technology itself.
This revelation emphasizes the critical need for organizations operating within the crypto sphere to strengthen their internal security protocols and adopt best practices to safeguard against such attacks. By proactively addressing these vulnerabilities, companies can mitigate the risks associated with phishing scams and help protect the assets of their users.
Furthermore, Brini’s observation serves as a reminder that while blockchain technology itself may be secure, the human element in managing and maintaining access to these systems remains a significant point of vulnerability. As such, ongoing education and training on cybersecurity best practices are crucial to safeguarding the integrity and security of the crypto ecosystem.
Some key points from the discussion included:
Cryptocurrency-enabled crime is undergoing a profound transformation, with illicit volumes projected to exceed $51 billion in 2024.
Modern crypto criminal enterprises are adopting corporate structures, including C-suites, middle management, and customer service departments.
Some groups specialize in “crime-as-a-service” platforms, offering technological infrastructure for various criminal activities.
Fraudsters exploit the anonymity, speed, and lack of regulation in the digital asset ecosystem to execute scams like Ponzi schemes, rug pulls, and fraudulent ICOs.
Future research could focus on the psychology of cryptocurrency fraud, consumer trust, geographic classification of fraud, and the impact of regulatory changes on preventing cryptocurrency crimes.
The panel discussion highlighted the importance of staying vigilant in the face of evolving threats and the need for ongoing collaboration between industry experts, law enforcement agencies, and regulators to combat cryptocurrency-related financial crime.
Reeve Collins, co-founder of Tether, shared his wealth of experience in establishing successful companies within the blockchain industry during his presentation. He covered a range of essential topics pertinent to launching a blockchain project in 2024, including securing funding, driving technological advancements, and fostering engaged communities.
Collins’ insights were invaluable to aspiring entrepreneurs and seasoned industry professionals alike, as he highlighted the importance of innovation, strategic planning, and collaboration when venturing into the competitive blockchain space.
“I’m most known for co-founding and serving as CEO of Tether, launching the first stablecoin,” he began, reflecting on the challenges of bringing Tether to life in 2013. “Hardly anyone had heard of Bitcoin or blockchain, and understanding the use cases was challenging. You have to think of it like the early internet days when people didn’t quite know what to make of it.”
Reeve Collins emphasized that establishing a successful company requires a combination of determination, adaptability, and resilience in the face of challenges. Over time, he learned the importance of discerning between the wealth of advice received and trusting his own instincts.
According to Collins, this ability to filter through guidance and rely on personal judgment develops with experience. Each setback or failure presents an opportunity to learn and refine one’s approach, ultimately contributing to the growth and success of the venture.
“For me, it’s all about the inception and the ideation — creating the concept, forming the team, and bringing it to life. I call it ‘producing’ companies because it’s like producing a movie: you create the idea, assemble the team, and raise the funds,” — he stated.
In a departure from the path taken by many entrepreneurs, Reeve Collins shared his preference for remaining deeply involved in the initial stages of building companies. While it’s common for successful founders to transition into investor roles over time, Collins finds fulfillment in the creative process of bringing new ideas to life.
By staying actively engaged in the early stages of company creation, Collins continues to leverage his expertise and insights to shape the foundation of new ventures. This approach allows him to play a hands-on role in driving innovation and fostering growth within the blockchain industry.
Some key takeaways from his talk included:
The significance of developing a clear value proposition and differentiating factors for your project to attract investment and stand out in the market.
The need for continuous technological development to remain competitive and meet the evolving demands of users.
The value of building a strong, engaged community around your project to foster adoption and drive growth.
As the blockchain industry continues to expand and mature, Collins’ expertise and experiences serve as a guiding light for those looking to make their mark and establish successful ventures in this dynamic space.
OKX, a global cryptocurrency exchange and onchain technology company was the Special Sponsor of Blockchain Life 2024, a crypto- and Web3-focused forum. Event attendees and potential partners who visited OKX’s booth (A14) had the opportunity to engage with representatives from the OKX team.
OKX MENA General Manager Rifad Mahasneh said: “Our participation as a Special Sponsor at Blockchain Life 2024 underscores our commitment to the UAE’s growing crypto and Web3 ecosystem. With our exchange having just gone live in the UAE, we are excited to continue engaging with industry leaders and innovators, showcasing our latest onchain innovations and contributing to the dialogue shaping the future of finance in the region.”
OKX is a technology company with a mission to organize the world’s blockchains and make them more accessible and useful. We want to create a future that makes our world more efficient, transparent and connected.
The Hash House, a leader in innovative hardware solutions, made a noteworthy appearance at Blockchain Life 2024 in Dubai. Located at booths S36+S37, the company showcased their cutting-edge offerings, including the debut of the Trident 128 Series and Trident Platform Immersion Solution. These products are designed to drive efficiency and advancement in the industry, particularly for Bitcoin mining operations.
Hash House specialize in delivering cutting-edge hardware solutions and unique services that drive innovation and efficiency across the industry. Through our collective expertise, we aim to set new standards in performance, sustainability, and reliability, empowering our clients to thrive in the digital age.
Franck Muller, the renowned Swiss watchmaker, made a remarkable appearance at the Blockchain Life 24 event by exhibiting their innovative “Crypto Watches.” These groundbreaking timepieces, such as the Vanguard Encrypto and The King, combine luxury watchmaking with the world of cryptocurrency, offering unique features like a laser-etched QR code that functions as a Bitcoin wallet address, and even the opportunity to own NFTs.
The limited-edition watches showcase Franck Muller’s dedication to pushing the boundaries of traditional watchmaking, embracing the ever-evolving world of digital assets and blockchain technology. By blending elegance and functionality, these crypto watches provide an exclusive experience for Bitcoin enthusiasts and luxury watch collectors alike.
With only a limited number of pieces available, the Franck Muller Crypto Watches have captured the attention of attendees at Blockchain Life 24, solidifying the brand’s position as a pioneer in the fusion of luxury timepieces and cutting-edge technology.
As a Fintech group based on Big Data and Artificial Intelligence, Fintopia is committed to improving the efficiency and effectiveness of financial services through technology, and providing superior credit experiences to users around the world. Since the establishment in 2015, Fintopia has focused on consumer finance and expanded the business from mainland China to Southeast Asia, Latin America and Africa. The Group owns such well-known brands as YQG Loan and Easycash. We always put the needs of our clients first and support the growth of inclusive finance.