Miami's mayor 'thrilled' as institutional Web3 summit comes to town for first time

Miami is positioning itself as the crypto capital of the world — and over recent years, the Floridian city's become the go-to destination for summits and conferences with impact.

Now, after becoming the home to Bitcoin 2022, CryptoWorldCon, Metaverse Miami and the North American Bitcoin Conference, the sundrenched metropolis has a new major institutional event for the sector to look forward to.

The inaugural MiamiWeb3 summit is set to take place from Nov. 28-30, 2022, and will be based at the InterContinental Miami hotel. What makes this event different is that it's being organized by the city itself — alongside Web3 infrastructure provider Atlas and its parent company CTH Group.

It's being described as a first-of-its-kind event in the region, and in setting the stage for why this summit matters, the premise is simple: Web3 is transforming our lives at an extraordinary pace. With high-profile institutional participants, the event is expected to drive meaningful discussions and a way forward for the industry as a whole.

MiamiWeb3 is being organized by CTH Group, which bills itself as a leading company in blockchain infrastructure, venture capital investment and digital asset management. Its notable investments include the likes of Binance.US, Chainlink, Coinbase and Polkadot. Meanwhile Atlas is one of the world’s leading and fastest growing Web3 infrastructure companies with data centres around the world running nodes for over 100 protocols. Combined, they will be bringing together the Web3 ecosystem at this summit. 

Atlas wants to create an important platform where trends and pressing topics concerning the Web3 revolution can be discussed — whether this involves building infrastructure and protocols, unlocking new business models, or maximizing the positive impact of this crucial technology on environmental, social and corporate governance.

Renowned start-up founders, government officials and prominent investors will also gather to discuss how Web3 can contribute to the adoption of clean energy — and deliver a better foundation for fair and equitable growth for the world.

Overall, more than 1,000 delegates are expected to be in attendance — with high-profile guests flying in from across the globe — and organizers are planning to release the full agenda, along with details of keynote speakers, in the months ahead.

Transforming our lives

Miami Mayor Francis Suarez, a vocal supporter of Bitcoin who has received part of his salary in crypto previously, said he is "thrilled" to welcome the summit to his city — and that it was an honor to be chosen.

"Web3 is already transforming our everyday lives and the future of the global economy," Suarez added. "Miami is now at the cutting edge of this revolution, and this annual Web3 conference — strategically synchronized with the Art Basel Miami festival — will keep Miami at the strategic forefront of Web3 technology in the years ahead."

And Raymond Yuan, the founder and chairman of Atlas, declared that a "once-in-a-generation leap" from Web2 to Web3 is now well underway.

"Investment is rapidly growing, as is the number of developers, projects, and institutions in the ecosystem," he said. "As a company focused on underpinning the future of Web3, we believe it is important to bring the ecosystem together to discuss and shape its development in a sustainable and equitable way. There is no better place to do so than in Miami, which has fast become the hub for Web3."

Get ready

Enthusiasts got a taste of what to expect when Atlas held its Building Web3 preview summit in Austin, Texas, as the side event that kicked-off Consensus this year. Leaders from Polygon and Solana were among the speakers — offering their insights into the challenges facing the sector, and the megatrends investors need to be aware of.

Looking beyond this event, the company is planning to "double down on the development of the local Web3 industry" — collaborating with government officials and embarking on a hiring spree across the U.S. and beyond.

Atlas sees itself as the "business-to-protocol backbone of Web3" — powering the ecosystem by providing a full suite of infrastructure to more than 100 protocols. In doing so, the company aims to provide much-needed stability and sustainability.

From decentralized identities to true ownership of data, from community-powered projects to taking on the tech giants, there will be plenty to discuss at MiamiWeb3.