The future of NFT was explained at the Paris summit of Blockchain Week

Blockchain Week Summit was held in Paris on April 13 and 14. This blockchain show was an opportunity to discuss new technologies in the blockchain ecosystem and get acquainted with the latest innovations. A large number of projects and stakeholders shared their views on the future of the ecosystem and, in particular, NFT technologies. Let’s take a look at some of the ideas demonstrated during the show.

Briefly about the Paris Weekly Blockchain Summit

A real French blockchain success, this event was able to satisfy crypto-enthusiasts who made the trip. In fact, about 6,000 participants, 355 speakers, 250 sponsors and 350 media and partner journalists were able to gather the Chain of Events, the show’s organizer, at the Palais Brongniart.

Source: Chain of Events, @DamienBresson

The program for these two days, before NFT betting day, covered all the main topics of the blockchain. Indeed, the event was formulated around 4 main issues, namely: companies and the blockchain, decentralized finance, the technological revolution of the blockchain and the close connection between the blockchain and regulation.

Thus, the Paris Blockchain Week Summit was an opportunity for blockchain professionals to meet to discuss common issues as well as the development of their projects. Many conferences with high-quality speakers were able to cover almost all major ecosystem topics and led to an interesting debate on these technologies. Promising NFT technology has been able to revive the debate. Let’s consider together the arguments that justify the widespread use of this technology in the coming years.

NFT as a digital property tool

Thus, the first conference we attended was dedicated to the metaverse. In fact, this panel focused on the place of the metaverse in the digital world, based on Big Tech. Various participants in the discussion, including Sebastien Borge, co-founder of Sandbox, and Benoit Pagotto, explained their vision of the metaverse and the importance of NFT technology here.

I will not tell you anything, the world of Big Tech is built on the collection, analysis and resale of personal data. Web3 technologies, as well as NFT technologies, are intended to return ownership of this data to users. Thus, accepting this culture means adopting a new way of using the Internet. Today, however, large technicians are the companies with the greatest global impact in terms of product development. Thus, this discussion made it clear that the transition to Web3 and the widespread use of the resulting technologies would not have happened without the will of these digital giants.

Then the conferenceHow NFT is changing the art worldstressed the importance of this technology for artists. Organized Julia Archetti, Inna Modja and Agoria, this discussion centered around these new tools for improving work, focused on creators. In short, NFTs allow the artist to receive a larger share from the sale of his works, provide an alternative source of income and ensure that the author receives royalties in the event of a sale on the secondary market. The artists mentioned above explained their journey and how this new technology was able to bring them to the stage.

The end of notaries from the NFC?

Finally, the conference highlighted the impact of NFT on the real estate sector: “New forms of ownership: digital real estateReal estate procedures today are very exhausting, and blockchain technologies can easily modernize this area. Indeed, by introducing digital ownership, NFT could facilitate notarial processes to some extent. Imagine that you can transfer ownership of an apartment, a house, simply by sending the appropriate NFT ? Obviously, we are still far from this paradigm for obvious regulatory reasons! However, when we highlight the age of these technologies with all the issues they raise, it is easy to see their potential in the medium and long term!

During these three days, Palais Brongniart celebrated NFT technology. Paris NFT Day, the opening ceremony of the 100% NFT show, highlighted the interest of this technological revolution in the ecosystem before giving way to Paris Blockchain Summit Week. However, these digital assets suffer from their reputations because they have been the subject of many abuses. How can such inflation rates be justified, a population suffering from the effects of global geopolitical conflicts, when teenagers exchange photos of monkeys for $ 200,000? This area of ​​the blockchain has developed at a record pace, and the regulatory framework needs to be created fairly so as not to harm its proper development.