BSV Global Blockchain Convention Dubai 2022: Day One Highlights

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What world do we want?

This question from the keynote address of BSV Blockchain Association Founding President Jimmy Nguyen set the tone for the first day of the BSV Global Blockchain Convention, to be held at the Grand Hyatt Dubai from May 24-26.

The major theme of the three-day convention is all the good the BSV blockchain can do in the world. No matter which vertical we are talking about, what is clear is that Bitcoin can create a better world, by enabling people to participate and even earn money in the micropayment economy, by opening up new models for industries, including games and music, by making financial inclusion a reality, by driving down the cost of remittances to the point where they are almost free, by reversing the current model based on advertising and collection of data on the Internet, creating a world of true tokenization with NFTs that have real utility, ushering in the Internet of Things through its integration with IPv6, and most importantly, creating a more honest and open world where anyone can track transactions.

Muhammad Salman Anjum, BSV Hub Manager and Head of InvoiceMate Invoice Management System, and Ahmed Yousif, Middle East Manager of the BSV Blockchain for Government Initiative, greet attendees with a warm welcome Marhaba as well as a presentation of how the Middle East is taking the lead in blockchain adoption.

“Our journey in the region has just begun and we will build this momentum with the help of the ecosystem. The BSV blockchain is here to disrupt the way we share data and promote the value exchange protocol,” said said Yousif.

Painting of Renoir “digital twin” to be won

One of the biggest announcements made on the first day of the convention is the sale of Pierre-Auguste Renoir’s painting “Gabrielle in the Mirror” and its digital twin for a reserve price of $3 million.

In an interview on the sidelines of the event, Charles Alexander Symons, co-founder and director of ideation at Buzzmint, explained that there are two NFTs included in the sale: a digital certificate and the digital twin of the dashboard. Renoir.

“The reserve price is 3 million. What we do is accept expressions of interest because we appreciate that it’s not as easy as selling a painting at a conference,” Symons told CoinGeek.

Still, the potential sale of Renoir’s painting and its digital twin is an important step for the BSV blockchain in the art world, and perhaps even reshape the concept of digital ownership.

“The beauty of NFTs in particular is that the use cases are huge…selling art is different, it’s not an easy process and I really think the art world is becoming very aware of the practical solutions provided by NFTs,” Symons said. . “It helps to facilitate the sale, it helps to oil the wheels of artistic transactions in a way that has never been done before and on top of that, we are entering this cultural space where some people consider that digital art and Digital fine art has the same appeal as real physical editions, and it’s a different concept for some.

Real-world blockchain solutions take center stage in Dubai

Many of the day one speakers and panelists presented real-world blockchain solutions that effectively answer Jimmy’s opening question – that indeed Bitcoin can create a better world.

Familiar faces from HandCash, Built By Gamers, Haste Arcade and NFTY Jigs explained how they are harnessing the scalable nature of the BSV blockchain to innovate, and they made some exciting announcements too!

HandCash adds fiat exit ramps, paving the way to “zero to crypto” in seconds, as well as an upcoming USDC stablecoin integration. Haste Arcade is rolling out its Game Collectibles offering on May 25, while NFTY Jigs has just launched its crowdfunding campaign with the aim of raising $500,000.

Gate2Chain wants to empower not only builders, but also content creators. Peyer’s co-founder and COO Joe Holles announced two products: the Gate2Chain development suite, currently in beta testing; and Minta, described as the world’s first social marketplace offering the easiest and most intuitive NFT platform for content creators.

After integrating its software development kit into the VISMA | yuki software, mintBlue has now concluded several proofs of concept: one with the Dutch Chamber of Commerce to provide identity service management, another with the global e-invoicing solution Storecove for blockchain integration with Peppol Network, and a third to issue a fully regulated tokenized. Euro – put the real euro on the blockchain.

We have just completed the first day of the BSV Global Blockchain Convention, but it is already clear from today’s presentations and discussions that ease and utility are important factors that will pave the way for a world of ease. Log on to CoinGeek to learn more about our coverage of the BSV Global Blockchain Convention!

Editor’s Note: An earlier version of this article stated that only the digital twin of Renoir’s painting was for sale. This article has been edited to correct that both the physical painting and its digital twin are included in the sale.

Watch BSV Global Blockchain Convention Dubai 2022 Day 1 here:

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