@Penn Blockchain conference wrapped up yesterday with tons of great speakers Thank you to @Catrina and the Penn Blockchain Club for another great event Here are some takeaways for what you should be watching closely in Web3:

1. Securities law impacting Web3 with some great panelists from @Blockchain Association The SEC under Biden instituted a 'regulation by force' policy where they sued pretty much anything that moved in the Web3 space, including @Coinbase 🛡️ - who's lawsuit was just dropped The new admin wants to implement a 10 point plan to regulate crypto, which includes: - Addressing digital assets (DAs) as securities vs commodities - Determining scope of SEC jurisdiction over DAs - Creating effective disclosures for existing tokens - Providing guidelines for new token launches - Letting brokers custody DAs - Resolving institutional DA custody issues - Clarifying crypto lending/staking issues - Bringing DAs into TradFi - Utilizing crypto primitives to carry out TradFi tasks - Handling the internationalization of crypto

2. Gen purpose vs App specific chains with @zon 🪢 @barry (🥧,📈) General purpose chains have always harbored a majority of liquidity and users, so businesses have been hesitant to create their own chains because that means bootstrapping liquidity/users from scratch. With the increased interoperability that is now becoming more available within blockchain, it's much easier to move tokens from one chain to another, and as a result, app chains are becoming a viable alternative to building dApps on top of general purpose chains. App chains will let devs fine tune the full user experience and let them take the best parts of existing chains and pull them together into a new offering that wouldn't have been able to be built on Ethereum, Solana, or any of the L2s.

3. Fireside chat with @Cathie Wood and @Yano 🟪 Cathie Wood defined crypto as being a revolution in 3 specific ways: Money Revolution - crypto is the first ever global, digital, decentralized monetary system that is not controlled by anyone Financial Services Revolution - DeFi is a truly internet native financial system that provides far more accessibility to maximize the use of your capital than TradFi does Digital Property Rights Revolution - completely new method of asset ownership that gives you full control over your digital data

4. Targets for institutional adoption with @Franklin Templeton @Coinbase 🛡️ @Galaxy Ventures It's important to recognize blockchain as a technology as being separate from crypto, where crypto is just the first major use case of this tech. This means that while not every company might choose to adopt crypto, they can still integrate blockchain itself into their workflow. Blockchain offers a high level of utility for certain tasks such as composability, verification, transfer of digital assets, and as a decentralized network to reach new markets/customers. Many companies will see this and choose to integrate it as a backend system that is more efficient than what they were using previously.

5. The AI-Crypto Collision with @Immunefi @Base @Camp Network ⛺️ Over the next few years, a majority of content we'll see on the Internet will likely be AI generated. Blockchain provides the ability to not only track and verify original work to tie it to it's creator, but a better way to monetize that system. We already see AI agents today monetizing AI generated content through token sales. By using blockchain to identify original work and implementing cryptocurrency based systems, we will be able to far more effectively credit the true content creators and distribute royalties for their work.

6. Does DeSci make sense with @james sinka - Boston & SF @Geoff Anders Decentralized Science (DeSci) creates a decentralized community for funding research through crypto. It's resulted in tons of research-oriented Decentralized Autonomous Organizations (DAOs) such as @Quantum Biology DAO that can bring together people to develop their ideas and propagate their research. These DAOs are able to directly raise funding through the sale of tokens in order to fund their research. They are then free to delegate those funds directly to their work without the bureaucracy that comes alongside fundraising in the TradFi world. As a result, many of these research DAOs have been able to operate at a much faster pace than university research labs and break through the traditional understanding of how legitimate research should be approached.

Check out my recap from Day 1 to see some more key takeaways https://x.com/_dcft_/status/1892752150993748075…