MONTE CARLO, MONACO— Billionaire investors gathered at the infamous and stylish Ritossa Investor Summit in Monaco. From Dubai Exchanges to French Multichain Networks, Monte Carlo brought the best to Vetter’s European tour… just in time for Skylabs’ VSL Presale on 21st of Aug!
When you come to Monte Carlo, you can be certain of two things: First, you’ll be dazzled with the fashionista attire; and Second, you’ll have an opportunistic moment occur when you least expect it.
One of my college friends used to say, “Come dressed as if you’ll meet a prince, because one day you will.” And the funny thing is, one day we both did.
The key point to remember about Monte Carlo is that no one is “trying” to impress anyone. They simply are impressive.
And this is the keynote ‘theme’ if there was one from the biggest takeaway at this Ritossa Summit… Have at least one impressive outfit that showcases your unique personality and speaks about you without you having to speak a word.
The Ritossa Summit was full of prominent leaders and affluent successful blockchain C-level execs who spoke of their enthusiasm for what’s-to-come with Blockchain & Web3 developments. Every billionaire investor also came with their very own blockchain model— which impressed even more than their outfit.
Leaders from a Dubai exchange shared the challenges with being solely a centralised operation— infusing more decentralisation into their protocols. And.. more collaboration with industry heads. Specifically, former executives of Silicon Valley and Wall Street.
One of the most interesting perspectives is the hybrid business models of said billionaires that merge DeFi with centralised components, as a way of preparing the floodgates for what’s likely about to be unleashed.
No one at the Ritossa Summit in Monte Carlo claimed they knew exactly what was going to happen, or how it would ‘go down,’ but they did unanimously share that within two to four years we’d see an entire overturn of the central banking system go digital.
Whether this means DeFi and its potent infrastructure will get its own realm of support from the big players is yet to be announced. Yet one thing is clear— the big players you see fronting the big centralised operations are eager to get their hands wet with the decentralised models.
Many of the VCs at the Summit were only interested in investing into micro-caps with operations between 50-200 million dollar valuations. They shared that their “clients” preferred to get into only projects that were not yet launched who had deep promises of success. Fancy that!