LA Blockchain Summit Looks Toward the Next Bull Market

Whether bull or bear market, LA Blockchain Summit is a constant for the Los Angeles community. This fall’s conference focused on those building through the bear market and it’s pretty clear that we will look back on these efforts in awe a few years from now.

One of the coolest activations we saw was Ape Water, a preview from Alphaa.io:

The newest innovation in water is @ApeBeverages #LABlockchainSummit @LABlockchainSmt @motherofalphaa #alphaaio pic.twitter.com/o5lnOt4hGf

— Blockchain Beach (@blockchainbeach) November 1, 2022

To start the panels, Nicole Behnam commented on the trend of Creators becoming investors:

Creators are becoming investors and it’s shaking up the industry according to @NicoleBehnam #LABlockchainSummit @LABlockchainSmt pic.twitter.com/G2bfj3x9LL

— Blockchain Beach (@blockchainbeach) November 1, 2022

And Bonfire Ventures founder Mark Mullen cautioned founders to watch out for Venture Capitalists with great social media accounts:

Most Venture Capitalists are “full of shit.” Nothing against creating content, but look at investors track records per Mark Mullen @bonfire_vc #LABlockchainSummit @LABlockchainSmt pic.twitter.com/e2RjR9tEVE

— Blockchain Beach (@blockchainbeach) November 1, 2022

For those not in Web3, it’s time to learn Web3 culture before building here:

If you want to build or invest in Web3, start learning about what’s going on in Web3. It hasn’t really been a place where breaking all of the rules works, says Matt Cross, Blockchain Founders Fund #LABlockchainSummit @LABlockchainSmt pic.twitter.com/xXCfPnYvlU

— Blockchain Beach (@blockchainbeach) November 1, 2022

The following panel focused on NFTs, with Flip 88 saying that NFTs need to have real world utility:

Yea NFTs are for making $$, but now they need real utility also. Reddit’s “digital collectible” helped with onboarding rather than calling it an “NFT” says @88__Ideas #LABlockchainSummit @LABlockchainSmt pic.twitter.com/YFgri1fetX

— Blockchain Beach (@blockchainbeach) November 1, 2022

Have you been in The Sandbox? Well some of your favorite brands are already there:

In @TheSandboxGame, @mnouz says that they are onboarding brands, artists, and fashion brands. They’re getting feedback that they’re creating unique experiences that are native to the power of the #metaverse #LABlockchainSummit @LABlockchainSmt pic.twitter.com/cUuZ4m2duo

— Blockchain Beach (@blockchainbeach) November 1, 2022

Is Crypto and NFTs dead? Depends on your timeframe, according to Adam Draper:

“Pessimists are right and optimists are rich.” @AdamDraper says that those bearish on #Bitcoin and #Blockchain will be right about not being at mass adoption, until they’re not! #LABlockchainSummit @BoostVC @LABlockchainSmt pic.twitter.com/zaKsdlbJVr

— Blockchain Beach (@blockchainbeach) November 1, 2022

The biggest brands are coming to web3, including Equinox gyms:

Those who work out every day shouldn’t pay the same insurance rates as those who don’t, says @klimjuls, and blockchain can help track and distribute that information @Equinox #LABlockchainSummit @LABlockchainSmt pic.twitter.com/fMrk6u06ev

— Blockchain Beach (@blockchainbeach) November 1, 2022

And Shopify is trying to power the future:

There are 25 partners working on web3 utility for the @Shopify platform, according to @JohnSLee20. We think that people will use different wallets for different purposes #LABlockchainSummit @LABlockchainSmt pic.twitter.com/yVIIZFSy3E

— Blockchain Beach (@blockchainbeach) November 1, 2022

Can’t wait to see the fruits of these efforts at the next Summit!!