MiamiWeb3 Summit Recap
<p><em>The past twelve months brought numerous changes along with industry redefining moments felt throughout macro environments and delivered possibly the most significant “phase change” we’ve since in Web3’s history.</em></p>
<p>Last year [2022] started off continuing the pace & excitement the industry had experienced during 2020 — 2021 with peak market cap (<a href="https://coinmarketcap.com/charts/" rel="noopener ugc nofollow" target="_blank">$2.90Tr</a>), venture capital deployed ($30.0Bn+), total value locked (TVL) in DeFi (<a href="https://defillama.com/" rel="noopener ugc nofollow" target="_blank">$175.0Bn+</a>), rising protocols, new middleware, summers of DeFi, NFTs, and much more. Then, everything changed.</p>
<p>Towards the middle of Q2 2022, the industry was at the beginning of a massive industry shift. The change required a different mindset for all involved and demanded asking questions for not only a path forward but how to prevent the actions from occurring again. </p>
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