Bitget, renowned as one of the world’s top cryptocurrency exchanges and Web3 companies, has made a significant impression during the Token2049 week in Dubai. Vugar Usi Zade, Bitget’s COO, took centre stage by leading a panel discussion on tokenising real-world assets.
The session, titled “Practical DeFi, Tokenization of Real World Assets for Real World Problems,” brought together industry luminaries like Andres Meneses of OG media group, Robin Ubaghs from Prop Chain, Raj Brahmabhatt from Zeebu, and Anna Shakola from Cointelegraph. Vugar shared valuable insights into tokenizing real-world assets and the roadmap for blockchain’s growth and mass adoption in solving real-life problems.
Highlighting the importance of government and authority participation in smart contracts and blockchain, Vugar emphasized the potential to transform industries across sectors by bringing projects on-chain and integrating blockchain into people’s daily lives.
Addressing the challenges faced by the current industry and Web2 companies, he explained the need to transition swiftly towards blockchain-enabled platforms for mass services. Vugar specifically noted that the banking industry could greatly benefit from embracing blockchain in its day-to-day operations.
In addition to the panel discussion, Zade delivered a keynote on Bitget’s growth, its Protection Fund, and upcoming plans for 2024.
Vugar Usi Zade expressed, “Another important aspect from the transactional value perspective is that real-world assets are really expensive, they represent a huge amount of money. But again, if you look at the transaction cost or value-add cost, there isn’t much actually happening because, again, if you today want to buy real estate, there will be a lot of costs that are associated with the government. But what maximum gets a real estate agent? 2%. And that’s it.”
Beyond the main conference participation, Bitget hosted several side events, showcasing Dubai’s prominence as a blockchain hub and offering attendees invaluable networking opportunities and unforgettable experiences.
The “Bitcoin Track Day Dubai 2024,” co-hosted by Surf Protocol, Merlin Chain, Trust Wallet, and Bitlayer, delivered an exhilarating fusion of crypto networking and adrenaline-fueled experiences. Guests continued the excitement at Drift Beach Dubai for the ultimate crypto networking afterparty hosted by Bitget, TRON, and P2P.org, featuring welcoming speeches from Justin Sun, Founder of TRON, Alex Esin, CEO of P2P.org, and Bitget’s COO.
Additionally, the K-pop Party, co-hosted by Zircuit, Bitget, Morph, Quantstamp, and Foresight Ventures, featured the Korean girl band TripleS, providing a vibrant evening of music, dance, and networking.
Bitget’s prominent presence and thought leadership at Token2049 Dubai solidified its position as a driving force in the cryptocurrency and Web3 landscape, paving the way for further innovation and adoption.
