Bybit is ‘all about’ decentralized future

Bybit, the third most visited cryptocurrency exchange worldwide, is investing in technology to prepare the global community for decentralization and drive revolutionary changes.

Bybit powered the World Blockchain Summit Dubai 2022

Igneus Terrenus, Head of Communications at Bybit, said the exchange was all about getting people behind a decentralized future at a discussion at the World Blockchain Summit Dubai 2022, Invezz learned from a press release.

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Trescon organizes the World Blockchain Summit global series to bring together global investors, leaders, and thinkers in the area of blockchain and crypto innovations. The 22nd edition, powered by Bybit, took place at Atlantis, The Palm in Dubai on March 23 and 24.

Terrenus commented:

We run a very successful exchange business, and we are able to invest in projects that will prove to be fundamentally revolutionary. Bybit is the instigator and a major contributor of BitDAO — one of the world’s largest DAO in terms of treasury size. BitDAO has allocated hundreds of million dollars into blockchain gaming with Game7, Layer 2 scaling solutions with zkDAO, and blockchain research with EduDAO and eight of the world’s most prestigious universities.

Bybit to provide infrastructure to transition into decentralization 

Before Web3 technologies can go mainstream, they need to mature. However, the more people are onboarded into the new space, the more the technology stack will improve. More opportunities will be generated as well. Bybit wants to make the infrastructure for the transition into a blockchain-powered decentralized future available.

The leading exchange’s Head of Communications added:

We see ourselves as a bridging agent to help people of all skill and knowledge levels to access web3 technologies and innovations they could use. We want to bring more people into the space because we truly see the value in that.

Mithun Shetty, CEO of Trescon said:

Bybit’s core ethos is to support the next level of innovation, talent, and technology development. This is perfectly aligned with our vision to exist at the forefront of technological innovation. We appreciate the support of Bybit, and all the great work we will be able to do because of this partnership.