The Global Family Office Summit, a quarterly event launched by the recently formed Global Family Office Wealth Network, highlighted a number of issues that high net worth individuals were eager to address. This is the first time this gathering of private wealth has been held remotely, with participants and viewers tuning in via Zoom, and within Decentraland’s Crypto Valley. The Summit’s mission is to connect various disruptive technology leaders, and to help solve many of the world’s problems, as stated by one of the forum’s organizers, GDA Capital’s Michael Gord.
“The Global Family Office Summit has identified three pillars – education, trust and responsibility to give back,” said Gord. In addition to the regularly scheduled public events featuring speakers from around the world, forum participants will be able to join an invite-only deal club for off-market deals before they hit the market.
Keynote speaker, serial entrepreneur, and investor Candace Johnson said in reference to blockchain technology, “data-driven algorithmic technologies are responsible for today’s digital transformation in almost all fields, from hard sciences, to social sciences, to the humanities, as well as in a variety of sectors, from health and commerce, to education, law and the arts.” Johnson stressed four key ideas for the future: quantum technologies, humane and social solutions, sustainability, and the circular economy. “I’ve never looked at it [blockchain] as disruptive, I look at it like we are building a better world,” she added.
To her point, the headliner presentation by GDA Capital’s Director of Research Will Bartlett focused on the disruptive tech in the modern economy. He considered digital assets to be a hedge against traditional financial markets. “Cryptocurrencies have no exposure to stock market returns, macroeconomic factors, or returns of currencies and commodities. There is a strong time-series momentum effect, and proxies for investor attention strongly forecast cryptocurrency returns,” his presentation stated. Bartlett identified six sectors where the disruptive technologies shine: robotics, space, biotech, AI and machine learning, quantum computing, and blockchain.
Bartlett also discussed new models for digital assets in his presentation, which includes branded stablecoins. Such currencies are backed by value stored by brands or enterprises, essentially replacing traditional loyalty point systems and putting them on the blockchain. One such project is DigitalBits.
The founder of DigitalBits, Al Burgio, took part in the Developing and Scaling the Next Unicorn panel. Burgio said that investors should identify an opportunity to address a large-scale problem – a mass market opportunity for the future team and investors who support their vision. “It is a process; once you go through it, define the opportunity, you see the reaction of others… It is about building blocks. Once you have a vision, you build a team, and it boils down to how you operationalize and execute this vision, bring like-minded people with unique sets of skills where everyone will have an