Blockchain Nigeria User Group To Hold Conference October 7

   Chimezie Chuta, chairman, National Blockchain Policy Steering Committee, (NBP-SC), founder, Blockchain Nigeria User Group (BNUG)and convener, Decentralized Intelligence Conference V-2, has said that blockchain and Web3 are democratizing the internet and allowing more people to play in the space. Speaking on the forthcoming conference being organized the group in Lagos on October 7 2024, he said the conference will explore perspectives to blochchain and Web3. He added that the conference will explore Web3 and future tech. He explained that Web3 is exploding and stressed the need to ensure that this is done in an organised manner. According to Chuta, “The majority of those engaged in making Web3 a reality are seeking to create a better world, a more inclusive society, and a more equitable economy. They strive to leverage technology for the benefit of humanity.” He stated that the purpose of the conference was to figure out how attendees will “get rich quickly off other people’s ignorance, but how to make life rich for everyone everywhere. He described Web3 as a decentralized version of the internet where platforms and apps are built and owned by users. According to him, unlike Web2 (the current web), which is dominated by centralized platforms such as Google, Apple, and Facebook, Web3 will use blockchain, crypto, XR and NFTs to transfer power back to the Internet community, that Web3 is a crypto-powered internet. He stressed the need to use technology to solve problems and transform relationships. He emphasized the need to move beyond the dark side of social media and the elitism of big tech (and early web3), and build value driven solutions. “We must explore data democratization and ownership among internet users and communities. We must empower users and creatives with a new class of autonomy through wallet identity portability, and dynamic communities. “We must foster a more equitable and sustainable society and build a better world for all,” Chuta stated. He called on people to immerse themselves in the new technology and grow, adding that the opportunities future tech presents are endless. He posited that since 2017, Blockchain Nigeria User Group has been consistent in driving deep conversations aimed at deepening the growth and adoption of blockchain technology, crypto assets and related technologies across Nigeria and beyond. “In five consistent years, we have connected hundreds of businesses to other businesses and thousands of individuals to businesses where they have charted new career paths. “We are excited to see multiple communities and groups doing great things in the ecosystem. That fire we ignited a few years ago is gradually turning into an inferno,” Chuta asserted. He appreciated the sponsors and partners, especially Afriq Group, the premium sponsor, for making the event possible. He also thanked the speakers and keynote speakers, the BNUGDAO community, core team members, developers, designers and content creators and others.