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CCI CEO stays calm over crypto space future

Sheila Warren, the CEO of Crypto Council for Innovation (CCI), in an interview during the World Economic Forum (WEF) 2022 discussed the state of crypto, decentralised autonomous organisations (DAO), and metaverse safety.

Warren began by comparing earlier WEF events to this year’s event, reminiscing about former WEF events. According to CCI’s CEO, it’s remarkable to see how projects that were only getting started at the World Economic Forum in 2018 and 2019 have now become well-known.
Despite the current situation of the crypto markets and the recent failure of Terra, a well-known blockchain project, CCI’s CEO is optimistic and believes in the space’s future.

Warren stated:

“Even in light of recent events, I remain optimistic because I believe we are witnessing a constriction that will result in the presence of very serious people in this sector. We’re looking for people that are committed to the opportunity and promise that technology and innovation offer.”

Aside from that, Warren discussed her thoughts on the metaverse and the ease with which augmented reality can transition between digital and real-world events.
People will be able to have a “seamless identity across different venues” due to the metaverse, she explained. The CCI executive, on the other hand, argues that this has its own set of risks.
When asked how to keep Web2 and social media’s undesirable features like harassment and trolling from spreading to Web3, a CCI executive suggested that the community use DAOs to address this.
DAOs, according to Warren, contain screening systems that operate as gates for people who desire to commit undesirable behaviours. As a result, each member works hard to remain a part of the community.

Read more: US Representative introduces legislation to safeguard Bitcoin investments in retirement funds

Kunal Krishan
Kunal Krishan
Kunal is an investment space writer who firmly believes investment is something which should not be a choice but a part of everyone's life.
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