Despite the Crypto Winter, World Leaders at Davos Warmed to Blockchain

World leaders warmed to Blockchain at Davos in 2023 on the face of crypto winter

Crypto advertising has dropped at Davos in 2023, but discussions and panels from industry leaders are in full swing. After a few years of disruption caused by the coronavirus pandemic, the World Economic Forum is convening its most recent annual gathering in snowy Davos, Switzerland, at its regular schedule. The 2023 conference includes a fair number of cryptocurrency businesses and minor conferences, exactly like last year. 

The presence of crypto is not particularly surprising. The industry's apparent decision to virtually double down on its presence by hosting the same number of panels and conferences as the previous year is surprising. Although there are indications of a bear market—there aren't as many adverts or crypto houses—those who are present are present in large numbers. In comparison to May 2022, Crypto's presence in Davos, Switzerland, is less obvious in January 2023. It makes sense that way. The dark era began before May 2022. Prior to the failures and collapses, it was unknown whether lending the same amount of cryptocurrency to every company was a good or bad idea. The business representatives are present in large numbers despite all of that. Alongside the main WEF sessions, other businesses and groups are hosting their own mini-conferences. There are several different organizations present, including the Global Blockchain Business Consortium, Casper Labs, Circle, the Filecoin Foundation, and 1inch.

The organizations present, including the Global Blockchain Business Consortium, Casper Labs, Circle, the Filecoin Foundation, and 1inch, all have different products to offer. Representatives from the United Nations, staffers from the Commodity Futures Trading Commission, and parliamentarians from several nations are also present at the crypto conferences.