NFT Status at the Paris Blockchain Week Summit

The Paris Blockchain Week Summit brought together world blockchain standards for 3 days at Palais Brongniart. The real outpost of these technologies in France, all objects of this universe have been explored by exceptional speakers. Today we will return to the various arguments put forward about NFTs, the current situation and the future of this technology.

Briefly about Paris Blockchain Week Summit

Before introducing the current NFT situation in more detail, let’s go back to the numbers achieved on this show. Indeed, with almost 6,000 exhibitors, 355 speakers, 250 sponsors and 350 media and journalist partners, the exhibition organizer Chain of Events was able to gather at the Palais Brongniart.

Source: Event Chain, @Damien Bresson

The program for the two days preceding NFT Daily Betting, covered all major blockchain topics. Indeed, the event was framed around 4 main issues: companies and blockchain, decentralized finance, the technological revolution of blockchain, and the close relationship between blockchain and regulation.

Thus, the Paris Blockchain Week Summit has become an opportunity for blockchain professionals to meet to discuss common issues, as well as develop their projects. Many conferences with quality speakers were able to cover almost all the main topics of the ecosystem and led to interesting debates on these technologies.

NFT, where are we?

Between the pure product of speculation and the real breakthrough technology, NFTs are turning to different types of profiles. Conference NFT Fund Panel: How NFT Funds Are Benefiting from an Emerging Market » presented how NFT funds are approaching this market. Well-known panellists, I named Julien Boothlup, founder of Blackpool Finance, James V.O., founding CEO of DFG, Drew Austin, Redbeard Ventures and Vanessa Grellet, Coinfound really explained their interest in these technologies. Thus, they explained that we experienced a period of euphoria with the NFT, like the ICO of 2018.

A fad, an enduring trend, and over-mediatization have turned this land into a veritable lottery. Indeed, any collection could potentially achieve sales records by displaying the keyword NFT. As the markets begin to breathe heavily, the euphoria subsides and projects develop that offer real use cases for these technologies. The whole point now is to unearth the nuggets that will be part of the future of this ecosystem.

We were then able to participate in a discussion on the use of NFTs in the world of sports during the NFTs and Sports: A New Level of Fan Engagement Conference. Renowned tennis player Patrick Mouratoglou, after previously unveiling his new version of Tennis Ultimate Tennis Showdown, along with other panelists, explained his vision for the NFT to engage the community. Indeed, NFTs now allow for value creation and link building within the audience thanks to the blockchain. The general idea of ​​this panel was to highlight the benefits of these new technologies and the place they can take in the future.

Take the example of the Australian Open and their NFT collection launched earlier this year. The general public can purchase NFT sections of the digitized tennis court, and the impact of 11 match points from the 11 finals of the tournament (men’s singles, women’s, doubles, chairs, etc.) will provide additional rewards to the owner 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 celebrated during these three days at the Palais Brongniart. Paris NFT Day, the opening ceremony of the 100% NFT show, highlighted interest in this technological revolution in the ecosystem before giving way to the Paris Blockchain Week Summit. These tools, which introduce the notion of digital property, have suffered somewhat from their reputation, but projects wishing to make the most of them will be fully appreciated by the Web3 community.