Aquanow's CEO, Phil Sham, is Proud to Join the Board of the Canadian Web3 Council. He sat down to discuss with Cointelegraph's David Attlee: "Often, when people hear about digital assets or blockchains there can be a connotation of greed around token prices. However, if the industry, which often has some overlapping competitive vectors, can come together and collectively engage the public, then it says a lot about the community aspects of Web3."
TORONTO, March 29, 2022 /CNW Telbec/ - Canadian Web3 companies are pleased to announce the launch of the Canadian Web3 Council, a non-profit trade association that strives to position Canada as a leader in Web3 technology such as blockchain and cryptocurrency.Web3 has quickly evolved from a technology used by hobbyists to a global industry currently valued at more than US$1.8 trillion. Web3 technologies are transforming the internet, financial, and digital services. Beyond its incredible economic potential, it offers new standards of efficiency, transparency, and coordination that are critical to helping solve some of the greatest challenges facing the digital economy.
The Council's immediate priority is to advocate for a national strategy for cryptocurrency and digital assets. There is an urgent need to ensure Canada and its citizens are well positioned to benefit from this emerging asset class. The Canadian Web3 Council is calling for all levels of governments to establish a coordinated approach to convene industry and experts to build a robust, equitable, and sustainable national strategy for cryptocurrency and digital assets.