Seats are filling up for the two 50-person Cryptonexus workshops before the 10th annual LendIt USA event in NYC later this month.
The team built the workshops to help financial services execs struggling to learn about cryptocurrency and web3. Join LendIt and partner Bankless DAO for two one-day interactive crypto workshops.
Described as a one-stop shop, you can learn everything a fintech expert needs to know about crypto in just one day with hands-on trading experience.
Sessions will run all day on May 23 and 24: A separate ticket from the general conference is required for the workshop. Attendees can also get a bundle ticket that includes Cryptonexus courses and the USA event while supplies last.
Class is in session: why learn about web3 and crypto?
Bo Burstkern, one of the Cryptonexus workshop leaders and LendIt CEO, said that in 2022, Web3 has evolved into the maturation of blockchain, quickly accelerating toward two realities: to become a separate, parallel, and better transaction system; or a second layer on top of our current banking infrastructure, adding new features.
Time will tell which becomes the most likely path for web3 technologies.
“Anyone interested in innovation in financial services must have a working knowledge of crypto and Web3 to make any sense of what’s coming,” Brustkern said. “It’s our job to teach our community this crucial understanding so they can work confidently in this fast-changing world.”
Cryptonexus, why now?
The lithic-minded may not have noticed, but advances in blockchain have created opportunities, challenges, and threats to modern banking and consumers. Financial executives have to understand the power of blockchain, crypto tools, and web3 will create a new financial future.
In the past year, crypto has become one of the top trending topics on the LendIt site and in the financial news world. The trends reach further than standard financial news; the crypto market overall reached a peak of $2.9 trillion in November, with industry-leading names stretching across football stadiums and advertising spots in the mouths of celebrity sports stars.
Many of the largest U.S. banks, securities firms, and custodians are showcasing their skills in crypto custody and compliance after years of ignoring the asset class.
In April alone, Fidelity and Blackrock showed their faith in investing in stable coins as a payments rail, and Goldman Sachs loaned millions to Coinbase backed by bitcoin: The question is not is now the right time to learn crypto; it’s when will it finally be too late?
Unfortunately, even for the most experienced underwriter and payments provider or sophisticated financial services executives, the language and technology barriers that crypto and Web3 introduce are daunting.
“The train has already left the station,” Brustkern said. “Now is the time to get up to speed so we can still catch it.”
A rough overview of the agenda
The day-long course will cover everything from the basics to an intro to governance and the future of organizational formation.
Workshop tickets include $300 in digital currency to be distributed to virtual wallets that attendees will create as part of their journey. Here’s a look at the lesson plan:
- Blockchain basics: the language of the blockchain, definitions of the common words, and what they mean
- Layer 1 protocols, the building blocks of crypto like bitcoin, Ethereum, and Solana, and how they use consensus to finalize transactions on their networks
- Why Ethereum is known as programmable money
- The leading DeFi protocols and what they solve
- How to transact on the blockchain: an introduction to wallets, security, and scalability
- How to create, manage, and keep a non-custodial crypto wallet safe through options like Metamask or Coinbase.
- Which tools are must-haves for crypto natives
- Blockchain superpowers: the magic of NFTs, layer three applications like OpenSea, BAYC, and POAP.
- How to manage security, taxes, and reporting
- Intro to governance, coordination, and DAOs, featuring the expertise of BanklessDao member Manuel Maccou
‘Future of finance’
“Our mission with these one-day workshops is to introduce our core community of fintech entrepreneurs and bank executives to Web3, safely and confidently,” CEO Bo Brustkern said. “We’ve designed this course, in collaboration with BanklessDAO, to provide everything the traditional financial executive needs to understand, explore and work in the future of finance.”
Attendees can expect to learn what they need to bridge the gap. Industry leaders Jacob Benson from Coffee & Crypto, Manuel Maccou from BanklessDao, and Brustkern will lead fundamental lessons and hands-on guide demos with real cryptocurrencies, DeFi applications, and more.
The workshop mirrors the recent announcement of Merge London, a new conference focusing on the collision between Web3, fintech, and traditional finance.
Web3 technologies are compelling and will impact every aspect of commerce in the future. No one is immune to this change. No one can be future-proofed against Web3.
Financial executives will benefit by taking this course to comprehend, plan for, participate in, and take advantage of the innovations coming down the pike.
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Intensely energetic news reporter asking questions covering the collision between Silicon Valley, Wall Street, and everywhere in-between. Studied history at the University of Delaware, learned to write at the Review, and debanked. Email [email protected] with story ideas, questions, or to say hello.