Web3 and AI take center stage at Newconomics 2023 with a focus on inclusivity and mental health

The inaugural day of Newconomics 2023 in Lisbon noticed a tapestry of modern concepts, mixing the newest in know-how with a robust emphasis on mental health, inclusivity, and the burgeoning world of Web3.

Leaders and pioneers throughout varied sectors supplied deep insights into how the digital panorama shapes society and enterprise’s future. Right here’s a extra detailed look into a number of the day’s most enlightening discussions.

Mental Health Meets AI

A key theme at the intersection of mental health and know-how was initiated by the introduction of the Mentor360 app by tech entrepreneur Richard Bassett. This modern app underscores the escalating position of know-how in supporting mental health. Paul Jenkinson from Whitespace prolonged this dialogue, posing a thought-provoking query in regards to the potential roles of AI:

“ChatGPT is not a clinical psychologist, but can we train it to do so?”

This inquiry into AI’s capabilities in replicating and even augmenting human-like assist in mental health opens a new avenue of tech-human synergy.

Management and Human Worth

In a highly effective reminder of the human side of management, Jason Fox of SAS highlighted the integral position of empathy and belief:

“Whether you like it or not, as a leader or an entrepreneur, your biggest asset is your people…and you have to invest in them, have empathy and trust them and be loyal.“

His words resonate in a world where technology often overshadows human interactions, underscoring the importance of human connection in the digital age.

The Transformative Role of AI

Paul Jenkinson and Richard Basset both emphasized the transformative power of AI in creating personalized experiences.

Jenkinson’s statement, “AI has the power to create personalized experiences, learn and improve. It has transformational power,” was complemented by Basset’s focus on AI’s position in making medical assist extra accessible, transferring in the direction of a future the place assist is offered at one’s fingertips.

Empowering Girls in Web3

Lauren Ingram of Girls of Web3 passionately advocated for the necessity for extra feminine management within the Web3 area.

Her name to “de-risk careers in web3” for ladies and to supply compelling causes for his or her long-term involvement on this sector sheds mild on the gender hole within the tech business. Equally, Ericka Wykes-Sneyd from Adidas Studio Web3 highlighted the important want for inclusivity on this rising area.

Web3 Adoption: Bettering Lives

Tim Haldorsson of Lunar Technique introduced a user-centric perspective to Web3 adoption, emphasizing that its widespread acceptance hinges on its potential to reinforce the lives of on a regular basis individuals.

In distinction, Sara Corridor from Walkers addressed the worldwide side, stating that regulatory uncertainties are a important barrier to international Web3 development.

Rethinking Fandom within the Web3 Period

The evolving nature of fan communities within the Web3 period was eloquently mentioned by James Kirkham and Maxime Sebti. Kirkham’s insights into the altering dynamics of fandom post-pandemic and the potential of Web3 to foster nearer connections between followers and their idols provide a glimpse into a extra interactive future.

Stephen Allen, Benedetto Biondi, Nicolai Reinbold, and Maxime Sebti talk about how DeFi could be democratized.

Sebti echoed this sentiment, emphasizing the significance of easy, real interactions as the muse for future monetization methods.

The Way forward for Promoting with AI

Chris Evenden from AI-powered promoting platform Ryff touched upon a revolutionary idea in promoting, the place AI’s potential to create new alternatives from scratch might redefine the business.

This modern strategy might herald a new focused and efficient promoting technique period.


SwissBorg CEO Cyrus Fazel took the stage to elucidate how SwissBorg has develop into a meta trade (MEX), combining the very best components of centralized and decentralized exchanges, corresponding to fiat on and off-ramps and self-custody. Fazel additionally famous that SwissBorg has surpassed 700,000 customers buying and selling crypto throughout 17 fiat currencies.

Cyrus Fazel, SwissBorgCyrus Fazel, SwissBorg
SwissBorg CEO Cyrus Fazel explains the variations between the crypto market cycles over the previous 8 years.

Engagement and Loyalty in Web3

Sebastien Borget’s spectacular statistic about person engagement in The Sandbox and Phillip Weiling’s insights on loyalty packages in Web3 illustrated the rising significance of person engagement and model loyalty within the digital panorama.

These insights provide worthwhile classes for companies seeking to thrive within the Web3 ecosystem. Borget emphasised the period of time customers spend on Sandbox:

“Users spend 62 minutes/day in The Sandbox, that’s not a number you’ll easily find on social media”

Bridging the Hole: Web2 in a Web3 World

Sam Weeks from Google Cloud rounded off the day with sensible recommendation for conventional web2 corporations seeking to discover their place within the Web3 world. Weeks stated:

“The best way we can help you right now is the Google for Startups program for Web3.”

The emphasis on Google’s initiatives for startups in Web3 highlights the tech big’s dedication to fostering a bridge between the established and rising digital worlds.

Sam Weeks of GoogleSam Weeks of Google
Sam Weeks of Google provides recommendation for conventional web3 corporations seeking to enter web3.

The primary day of Newconomics 2023 has set a precedent for thought-provoking discussions, mixing human-centric management, technological development, and the inclusive way forward for Web3. The occasion continues to be a beacon for these at the forefront of digital transformation.

Disclaimer: CryptoSlate is a media and promoting associate of Newconomics.

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