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On Saturday, November 13, the 1st Annual Forbes Monaco Crypto & Art Gala united world experts and local billionaires who share a passion for the digital asset at the Monaco Yacht Club.

“The U.S. has been dominant in this domain of technology. It was unprecedented to have one-on-one time in Monaco with crypto billionaires and CEOs and to bring Monaco’s local community of entrepreneurs and UHNWIs to get educated in this new world of crypto,” said Luiz F. Costa Macambira, CEO and publisher of Forbes Monaco.

The live art auction featuring original works by Marcos Marin, Alexandre Beridze, Youssef SY and Cessrio Moore, raised $500,000 (€409,000), a portion of which is dedicated to the Princess Charlene Foundation and Fight Aids Monaco.

Dustin Plantholt, CEO and founder of Life’s Tough Media and host of podcast, moderated a discussion over dinner with the world’s leading experts in cryptocurrency. “There are more than 300 million crypto users worldwide,” explained Plantholt, “and crypto adaptation has risen 880% in the past 12 months with 18,000 businesses worldwide now accepting the currency.”

Panelists featured Robert Grant, CEO of Crown Sterling, a digital cryptography firm. Grant (who is featured in the current October/November issue of Forbes Monaco) discussed data sovereignty and his recently introduced Data Bill of Rights that incorporates every major law protecting ownership in the world, including the U.S. Constitution and the UN Charter. “Data is the personal and tangible property of original producers and ownership is a basic human right,” he emphasized. “We decided to build a blockchain with the unique ‘One-Time Pad’ quantum-resistant encryption and have innovated a new way to deliver that.”

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