Paris Blockchain Week 2023 (PBW) was buzzing with talk of innovation in blockchain technology and the future of the Web3 industry.
However, the conference occurred amid a major banking crisis in the United States, which shuttered crypto-friendly Silicon Valley Bank (SBV) and continues to affect many others worldwide. While it was not the central theme of PBW, for many, it was a moment to emphasize the utility of decentralized finance (DeFi) when traditional finance fails.