We were in attendance as figures from the cryptocurrency and blockchain community at Davos. The World Economic Forum returned to the snow-laden ski resort town in the Swiss Alps for its first winter session in three years. Over the four-day forum, we witnessed a wide range of world leaders gather to discuss global issues.

1. Crypto in the World
Economic Forum:
The Next Frontier
AGENDA AT DAVOS 2023

2. We were in attendance as figures from the cryptocurrency and blockchain community at
Davos. The World Economic Forum returned to the snow-laden ski resort town in the
Swiss Alps for its first winter session in three years. Over the four-day forum, we witnessed
a wide range of world leaders gather to discuss global issues.
The annual event included common themes of climate change. However, discussions of digital
innovations and transformations were also prevalent. Despite a turbulent year for the crypto
industry, we saw an undeterred web3 community. The various crypto and blockchain events
made their presence felt at the event.

3. A Resilient Crypto Sentiment
We arrived at Davos unsure of what to expect given the current bear market, and the sobering
number of titanic industry collapses witnessed in 2022. We were, however, met by optimism and
a resilient community looking to bolster its reputation and raise its profile amongst the world’s
elite of billionaires, bankers, and heads of state.
While many in attendance noted a more subdued presence of crypto companies compared to the
event that took place in May of 2022, it was still obvious that crypto played a significant role in
the forum. The resilience reverberated through the streets of Davos, from the number of crypto
billboards to lounges and meeting spaces. The presence of crypto enterprises like Circle,
the Global Blockchain Business Council, Casper Labs, and the Filecoin Foundation was clear to all on
official panels and in private stores and churches that they converted as promotional event
spaces for the week.

4. Key Takeaways
A Bullish Crypto Winter
Aside from the attendance and overwhelmingly upbeat and optimistic demeanor among the crypto
and blockchain community, the prevalence of crypto and blockchain-specific sessions on the official
schedule at the conferences’ main congress center highlighted the expansion of this sector.
Opportunities, Adoption, and Innovation remain prevalent.
Meeting points like the blockchain hub at the World Economic Forum, funded by Casper
Labs and CV Labs, further alluded to the industry’s mission of continuing to build, innovate and
educate.
The blockchain hub gave experienced and new crypto enthusiasts the chance to congregate and
listen to experts in the field discuss the benefits that blockchain technology can offer to consumers
and the global community. The audience was treated to a variety of topics. Days 1 and 2 focused on
the current crypto markets’ outlook, increasing enterprise adoption amid ongoing economic
uncertainty, reestablishing confidence in digital assets, and the convergence of DeFi and CeFi.

5. An Emphasis on Regulation
Innovation, growth, and education were key themes that emerged from our conversations at the World
Economic Forum. Another key theme was regulation. In light of the bear market and the FTX debacle,
there was an emphasis on the significance of governments and regulators in shaping the future of
cryptocurrencies. Many experts stressed the need for clear and consistent regulations that can provide
the framework for crypto to thrive while protecting consumers from fraud and other risks.
Metaverse Adoption
We also witnessed a seismic narrative on the movement towards metaverse adoption. The launch of
the Global Collaboration Village, the World Economic Forum’s own metaverse platform, was announced. It
claimed that more effective collaboration between world leaders would be possible in the digital world,
created to resemble the real town of Davos. For many, however, the metaverse’s future extends beyond
a gamified version of reality. The web3 community echoed views that it could provide useful use cases
for sectors like healthcare and retail.

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