Another week and we upped the ante with events. On Tuesday 19th July we had the inaugural Sydney Web3 summit at Fishburners. KPMG, Independent Reserve and Wurtulla came to sponsor the whole thing the brainchild of Sam Joel at GiveTree. Aus DeFi Association’s parent company, NotCentralised was also a sponsor and we had Nick Bishop and myself co-host (along with John Siderides from NFTSYD). It was an awesome vibe and we hope to see more.
If you’re interested in the full video, you can check it out here (it starts 8mins in):
More highlights of this event are at end of the newsletter.
Additionally, we had 2 awesome events in one night on Thursday 21st July with our Women in Web3 event in Sydney and the QLD Aus DeFi team doing a networking event in Brisbane. First up we have the women and the event was a hit -
QLD did their thing and also hosted some awesome networking experiences -
We also saw ETHCC get underway in Paris and we had friends travelling there and mingling with some crypto celebrities like Eli Ben Sasson -
The last newsletter we forgot to mention but we also saw our friends at NotEssential host a clean-up at Parramatta Park with our very own Nick Bishop in attendance. Many more of these to come we’re sure
In the news
Back to the news and there was a dump of court documents that journalists are still working through to unravel the mess at 3AC (Three Arrows Capital). CoinDesk does a great, quick breakdown of it here:
Additionally, we saw Binance launch a derivatives platform - https://www.linkedin.com/posts/leigh-travers-b9a68235_an-overview-of-binance-australia-derivatives-activity-6955790359499087872-BVMn?utm_source=linkedin_share&utm_medium=android_app
Additionally, those folks who went to ETHCC in Paris would have been treated to Vitalik Buterin’s discussion of where we are at with Ethereum and its Merge and the next stages (The Surge and The Verge). He puts into context the moves towards more scalability and what that changes in how Ethereum is validated (e.g. nodes currently need to validate the whole chain but in future, nodes will validate select areas of the chain). This is all part of scaling this blockchain to be even more helpful than it already is and follows the same type of pathway seen across the world of tech.
Data
Whilst we see some rise in price across BTC and ETH, we don’t see the market coming back to NFTs, at least from what we can see on OpenSea - https://dune.com/rchen8/opensea
DeFiLlama has TVL at $71.76 billion and trading sideways for the past month. Bloodletting hasn’t come further but as more bad news comes out we all wait with baited breath - https://defillama.com/
Until next week, this is your Captain, over and out, and before we go, here’s some more higlights.
More event highlights
More from Sydney Web3 Summit
More from women in web3 event
QLD meetup
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