On this episode of Bracewell Crypto Bits, host Anne Termine and Sylvia Cherem share highlights from a number of conferences that befell during the last couple of months and which lined a wide range of fascinating subjects for the cryptocurrency group.
Might you inform us a bit of bit in regards to the first convention you attended, Empower Bitcoin?
So Empower Bitcoin was in Houston, Texas on March 30 and thirty first. It was a really fascinating convention as a result of it was centered on crypto mining. Lots of the attendees have been crypto miners themselves. And I discovered so much from that convention and in regards to the improvement of crypto mining services and the place issues stand proper now after the China ban from 2021. Now crypto miners are searching for different nations and particularly in states with favorable regulatory framework for his or her actions. So we have now seen loads of motion of crypto miners to Texas.
When it comes to different sorts of mining, did they focus solely on Bitcoin, or did they speak about another platforms?
They centered solely on Bitcoin. I feel the trade acknowledges the completely different cryptocurrencies, however they’re specializing in Bitcoin as a result of it has been confirmed to be a cryptocurrency that has been round for the longest time proper now and in addition that gives a sure safety to the Bitcoin holders. And there’s an expectation of the worth going up as this can be a restricted useful resource and there are solely a restricted quantity of Bitcoins out there.
So subsequent you attended the Miami NFTs Convention. Are you able to give me an thought of what was occurring that week for that convention?
It was Tech Month in Miami. Miami’s now being thought of because the hub of blockchain and cryptocurrency. So there have been a lot of conferences and occasions occurring. I used to be very pleased to attend the Miami NFT Week Convention, which befell from April 1st to April third in Miami. And I used to be capable of study in regards to the blockchain expertise and the way this expertise goes to vary the world as we all know it and the way it touches upon completely different industries.
So I feel the firms are actually going to be in a spot the place they should reassess what’s it that they’re doing and the way they’ll combine their operations into the digital world. And I used to be capable of see this in a lot of completely different industries. I noticed this for the gaming trade, for instance, that now all the businesses which can be producing video games, they should change the economics of the sport itself. As a result of proper now, we’re at a stage the place folks pay to play, and that’s transitioning to play to earn. So folks are actually anticipating to be rewarded for the actions that they’re conducting on this house. And we will see that on a lot of completely different sectors.
Subsequent you attended the reBLOCK Miami Convention. What precisely was that?
The reBLOCK Miami Convention was the primary convention about blockchain and actual property. It is extremely fascinating. I feel Miami, once more, is a related metropolis. The true property market in Miami is correct now the most popular market in the USA. Now we have seen loads of innovation from the true property trade in Miami. I feel that innovation is smart for that market as a result of they’ve two consumers which can be banned, or two teams of consumers which can be banned from a standard mortgage, for instance.
The primary group are the Latin American consumers that need to come to the U.S. and need to purchase properties and in addition another overseas teams that need to come to the U.S. and purchase actual property. However in that case, there are specific problems. For instance, they can not get out conventional mortgage as a result of they do not have a credit score historical past or a Social Safety quantity. So that’s the first group that will likely be benefited from this new construction in the true property world in Miami. And the second group are the crypto holders that do not need to eliminate their crypto as a result of they firmly consider that they will go up in worth.
So what we have now been seeing are two essential developments. Primary, is crypto mortgages, which open the door to those two teams to amass property within the U.S. And the second is tokenization of actual property property, which has been highlighted as a solution to purchase property and to have an in any other case illiquid asset now as a liquid asset as a result of you’ll be able to promote your token at any time limit. So for instance, for brand spanking new developments, you’ll have, on a standard construction you’ll have to attend till sure stage of the venture has been reached. And on this construction, you’ll be able to merely change your token in any of the exchanges that it participates in. So I feel that could be very fascinating.
