Current status of NFTs at the Blockchain Week Summit in Paris

The Paris Blockchain Week Summit brought together world blockchain references for 3 days at the Palais Brongniart. A true breakthrough of these technologies in France, all the topics in this universe have been explored by exceptional speakers. Today we will return to the different arguments raised about NFTs, the current situation and the future of this technology.

Paris Blockchain Week Summit in a nutshell

Before presenting in more detail the current situation of the NFT, let’s go back to the figures achieved by this show. Indeed, there are about 6,000 participants, 355 speakers, 250 sponsors and 350 journalists and media partners that Chain of Events, the organizer of the exhibition, has been able to gather at the Palais Brongniart.

Source: chain of events, @Damien Bresson

The program for these two days, preceded by NFT Day Betting, swept away all major blockchain topics. In fact, the event revolved around 4 main issues which are business and the blockchain, decentralized finance, the blockchain technology revolution and the close relationship between the blockchain and regulation. .

The Paris Blockchain Week Summit was therefore an opportunity for blockchain professionals to meet to discuss common issues, but also the development of their projects. Many conferences with quality speakers were able to address almost every major topic in the ecosystem and led to interesting discussions about these technologies.

NFT, where are we?

Between pure product of speculation and real disruptive technology, NFTs attract different types of profiles. The conference NFT Fund Panel: How NFT Funds Benefit From an Emerging Marketplace » presented how NFT funds are approaching this market. Renowned panelists, I named Julien Bouteloup, founder of Blackpool Finance, James WO, CEO and founder of DFG, Drew Austin, Redbeard Ventures and Vanessa Grellet, Coinfund explained their interest in these technologies. Thus, they explained that we lived a period of euphoria with the NFT, like the ICO of 2018.

Fashion, sustained trend and over-mediation have combined to make this land a real lottery. In fact, any collection had the potential to reach sales records by showing the keyword NFT. As markets begin to breathe a sigh of relief, euphoria subsides and projects are developed that offer real use cases for these technologies. Now the question is to dig up the seeds that will be part of the future of this ecosystem.

We were then able to attend a discussion on the use of NFTs in the world of sports during the conference “NFTs & Sports: A new layer of fan engagement”. Famous tennis player Patrick Mouratoglou, after previously presenting his new version of tennis, the Ultimate Tennis Showdown, shared with other panelists his vision of NFTs to involve a community. In fact, NFTs now add value and create links within an audience through the blockchain. The general idea of ​​this panel was to highlight the advantage of these new technologies and the place they could occupy in the future.

Take the example of the Australian Open and its NFT collection released earlier this year. The general public can purchase NFT pitches of the digitized tennis court and the impact of the 11 match points of the 11 finals of the tournament (men’s singles, women’s singles, doubles, seats, etc.) will provide an additional reward to the holder. of the winning NFT. . An example of the use of these technologies to build a bridge between the real and digital economy.

NFT technologies were awarded during these three days at the Palais Brongniart. Paris NFT Day, the program’s 100% NFT opening ceremony, highlighted the interest of this technological revolution in the ecosystem before giving way to the Paris Blockchain Week Summit. These tools that introduce the notion of digital ownership have suffered a bit from their reputation, but projects that want to get the most out of them will be fully appreciated by the Web3 community.

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