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Highlights: Metaverse at BRG Conference 2020

The Metaverse team joined the Blockchain Revolution Global (BRG) Conference, and Eric Gu, founder of Metaverse Foundation, attended as a guest speaker on the topic of “Crypto Assets Trends in 2021, A Glance into the Future” on Oct 29th, 2020.

Some of the topics that was discussed were on Bitcoin prices, DeFi, Gene Finance, Metaverse DNA, NFTs, and more.

On November 5th, Bitcoin rose past $15,000, its highest since January of 2018.

Moving to the topic of DeFi, one of the current problems the decentralized finance ecosystem is facing are the high gas fees on Ethereum. Because many of the DeFi platforms are all interlinked, in order to reap the full benefits of swapping for stablecoins, borrowing, and liquidity mining, one may need to pay for 2 to 3 transactions on each separate platform.

Layer 2 scaling would be a technical solution, which would make transactions faster and cheaper.

Eric presented the recently launched Gene Finance platform, which will include an aggregation of DeFi functionalities such as money market, lending and borrowing, synthetic stablecoins, etc.

Eric presents the Gene Finance interface to the audience

Lastly, there was a discussion on the potential of the NFT market as well as a combination of NFT and DeFi in the near future. Eric stated that there is a tremendous amount of new participants joining this space and he is excited for what the future holds for crypto assets.

To find a replay of the talk at the BRG Conference 2020, click below:


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Metaverse Blockchain

Metaverse is an open-source public blockchain building a decentralized ecosystem of digitized assets, identities, and applications.