Popular cryptocurrency exchange LBank merged with ETHDubai to hold an exclusive event. The event, which took place at LBank Labs, was scheduled to discuss the development of the ETH blockchain and sensitize people about the new internet iteration Web3. 

The event was graced by prominent venture capitalists, blockchain speakers, CEOs and founders of crypto firms, and cryptocurrency investors. It was a period of meet and greet for the attendees following weeks of successive blockchain conferences in the UAE. 

Web3 and Network Security Tops Agenda

The event’s host Patrick Aljord welcomed Ryan to the center stage. Ryan, who serves as an executive of Developer DAO, said the DAO’s objective is to onboard people into Web3, support initiatives, and equip users with the tools and infrastructure required to create public goods. 

The Head of Operations said the DAO intends to bring transparency and foster inclusion through its openness and governed protocol. However, it can achieve this by bringing everyone into Web3 and granting them access to tools to build projects. 

Web3 is known as the “decentralized internet,” where everyone owns a piece of the internet and has unlimited access to information. Web3 will succeed the current web2, plagued by centralized control and inaccessibility to information. Web3 aims to break the chain of command and remove control from the hands of government bodies and corporations.

Co-Founder of ChainSecurity Anton Permenev spoke about enabling trust in the DeFi sphere. Permenev said without some form of transparency blockchain won’t be able to achieve its full potential. He said his team is working to build trust and foster transparency to enable government enterprises to adopt the technology. 

LBank Continues to Support the Drive for Web3 Adoption

LBank is a worldwide crypto trading platform established in 2015. It allows users to trade virtual currencies safely and offers asset management services. Operating in over 210 countries globally, LBank has grown to become a trusted platform amongst users.

Despite being notable as a cryptocurrency exchange, LBank continues to invest in web3 projects and support the adoption of the new evolution. The platform has listed many projects and implemented primary policies for the benefit of the crypto sector, including the metaverse. 

LBank has made it clear that it would welcome future partnerships provided it is crypto-centric or related to web3. The event follows the recently concluded conference held from 29th March to 31st. The said conference focused on projects, such as Yearn, the development of Ethereum and EVMs, and the entire DeFi ecosystem.