- Stand with Crypto expands to the UK, uniting crypto advocates and showcasing web3 innovations.
- London launch event brings together industry and government to highlight blockchain use cases across sectors.
The Stand with Crypto initiative unites a passionate global community of crypto advocates, dedicated to driving sensible crypto innovation and policy. Originating in the United States, the movement has garnered over 700,000 sign-ups, a testament to its growing influence. With the recent passing of the FIT21 bill in the House of Representatives, the momentum is stronger than ever. As the United Kingdom boasts over 6 million crypto holders, now is the opportune moment to expand the Stand with Crypto initiative internationally, amplifying the voices of crypto advocates. The UK movement begins now.
Mission of Stand with Crypto in the UK
Stand with Crypto was established in the US to mobilize the crypto community, engaging them directly in the legislative process. In the UK, Stand with Crypto focuses on highlighting the contributions of web3 entrepreneurs who are leveraging blockchain technology to drive real-world use cases and solve societal challenges. By showcasing the innovation and potential of web3 in the UK, the movement aims to emphasize the importance of a supportive regulatory and operational environment.
Policymakers are keen to understand the opportunities presented by this new technology. The industry is uniting to better explain the social utility and benefits of blockchain, crypto assets, and web3 innovation. Through collaboration, we aim to provide a clearer picture of how these technologies can benefit society.
Stand with Crypto London Launch Event
Stand with Crypto recently achieved a major milestone with its London launch event. Held in the UK Parliament and hosted by George Osborne, Former Chancellor of the Exchequer and member of the Coinbase Global Advisory Council, the event was a cross-party gathering with Ministerial representation from the Department of Business and Labour frontbench team. The event brought together approximately 100 web3 entrepreneurs, industry leaders, investors, academics, and media representatives.
The event featured remarks from George Osborne, Coinbase Chief Policy Officer Faryar Shirzad, and a16z crypto Global Head of Policy Brian Quintenz. Web3 founders also provided two-minute “elevator pitches” on their businesses, highlighting the diverse applications of blockchain technology across various sectors of the UK economy.
Telecommunications: WeaverLabs
WeaverLabs is revolutionizing the telecom industry with a decentralized physical network. By coordinating smaller and independent telecom networks through their cell stack orchestration software, WeaverLabs competes with larger players. Originating from the 5G Innovation Labs at King’s College London, CEO Maria Lema and her team have collaborated with the Transport for Greater Manchester and Liverpool to build public sector 5G networks, as well as private networks for venues like stadiums and event spaces. WeaverLabs is part of a £12 million grant to develop 6G mobile networks from the Department of Science, Innovation and Technology.
Advertising: Alkimi Exchange
Alkimi Exchange is a decentralized programmatic ad exchange aimed at securing the future of the ad-funded internet. Alkimi provides more value for advertisers such as AWS, Coca Cola, Cathay Pacific, and Meta, and for publishers like News UK, Immediate Media, and Conde Nast. Built on Ethereum by advertising veterans including CEO Ben Putley, Alkimi Exchange efficiently matches brands to their target consumers, tracking the effectiveness of each ad dollar and reducing costs through the efficiency of a blockchain-based exchange market.
E-Commerce: KnownOrigin
KnownOrigin is a digital art NFT marketplace with over $50 million in trading volume on Ethereum. Co-founded in Manchester by Andy Gray in 2018, KnownOrigin was one of the NFT platforms enabling creators and collectors to monetize their creativity onchain. Acquired by eBay in 2022, KnownOrigin continues to innovate under Andy’s leadership, working on KnownOrigin x eBay web3 initiatives. eBay’s offices in Manchester and London are central to their global innovation efforts.
Technology: Arcube
Arcube’s software enhances airline loyalty programs by leveraging loyalty program data to improve retention and engagement. Co-founded by final-year University of Manchester students Harvey Lowe and Prithveesh Reddy, Arcube has piloted their tokenized loyalty program with Etihad Airways for two years, increasing loyalty program revenues by 10%. Arcube is currently fundraising to expand partnerships with over 15 additional airlines.
Conclusion
Stand with Crypto is making significant progress in the UK. The successful London launch event marks a pivotal moment in the campaign’s expansion. As the movement continues to grow, its impact on the UK’s crypto landscape is set to be profound, fostering a grassroots movement that champions web3 innovation and economic growth.
In the coming months, Stand with Crypto will expand to more cities. If you believe in the power of blockchain and want to Stand with Crypto in the UK, sign up to the movement and join us on this transformative journey.
Disclaimer
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from cryptonewsbytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from any company.
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