Original author: Echo, Meta Era

This event aims to review the industry dynamics in 2023 in detail and explore new opportunities in 2024, bringing rich information and deep insights to participants.

This AMA event was hosted by Xie Jiayin, head of Bitget Chinese Region, and invited guests including Jack Kong, founder of iPollo, Joy Lou, LD Capital Partner, Vito, co-founder of Meta Era, Huang Junlang, co-founder and CEO of Kono International Accelerator, and Red Bank Fund Founding partner Ren Junfei, Bitget Wallet CEO Karry, Bitget Wallet Research Institute head Tommy, Merkle 3s Capital co-founder Chris Lee, CGV Asia partner Kevin, Waterdrop Capital founder Zheng Yushan, founder and secretary of the RWA working group Chief Zhu Haokang Thomas, co-founder of ChatPuppyNFT Gu Qianfeng, VDX CSO Paolo Chen, professor of Nanyang Technological University in Singapore and co-founder of MetaTrustLabs Scantist Liu Yang, co-founder of EMC labs Runnie Shang Silin, founder of Substance Exchange Roger Zhang, Triangle Technology Victor Gao, chairman of the board of directors, Harry, founder of Snowballx, Jan Chan, vice president of business and head of Hong Kong of Kun KUN, Tim, chief analyst of PSE, Wang Zhizhong, Chinese ambassador of Velo Protocol, Dr. Blackey, CFO and co-founder of MUA DAO, Bitcoin veteran OG Bao Erye, early Bitcoin code contributor Xu Ke and other important guests.

At the beginning of the event, Xie Jiayin, head of Bitget Chinese region and host of the event, delivered an opening speech. In conjunction with the theme of this space, he reviewed the market hot spots of the past year with the guests and the audience, and looked forward to new opportunities in the encryption industry in 2024!

The following is a summary of the wonderful speeches of the guests:

Question 1: ChatGPT has set off a modern industrial wave, and what disruptive changes will it bring?

Professor Liu Yang, professor at Nanyang Technological University in Singapore and co-founder of MetaTrust ScantistBe the first to speak on this issue. Combining his research in the field of security applications, he used ChatGPT to simulate the work of security auditors and explained to us the process of transforming a general model into an expert model.

Around this issue,CGV Asia Partner KevinStarting from the two tracks of ToB and ToC, it is pointed out that Web 3.0 can provide better incentive models for these two tracks respectively. He pays special attention to the direction of distributed computing power and believes that if AI can be combined with physical equipment and combined with the influence of Web 3.0, it will attract a large amount of capital inflow.

Under the same theme,Vito, co-founder of Meta EraAdditional insights were provided, emphasizing that although tools themselves are not intelligent, they can be regarded as extensions of other parts or abilities of the human body. While he recognizes AI Agent, he is also optimistic about the decision-making process of AI in Web 3.0, believing that AI can help solve many problems caused by centralization.

Question 2: What do you think of the subsequent development of Blur and the entire NFT market, as well as the NFT liquidity feast?

Tommy from Bitget InstituteRegarding the topic Opinions on the subsequent development of Blur and the entire NFT market, as well as the NFT liquidity feast, I shared my views on Blurs product strength and the future development of the entire NFT market. He not only agrees with the view that asset liquidity comes first, but also points out that airdrops may become one of the most certain wealth opportunities in 2024.

Question 3: How to protect the security of assets in the context of banking trust crisis, FTX collapse and blockchain dark forest full of crises? How do you view the de-anchoring of mainstream stablecoins such as USDC, USDT, and DAI under extreme events and FUD?

Roger Zhang, founder of Substance ExchangeHe believes that to discuss asset security, we must first start with the nature of the exchange. At the same time, he emphasizes that what we need more is an auditing company with sufficient credibility. This company should be able to protect user assets while only taking on tolerable risks. in exchange for benefits. He believes that liquidity should be released to support the growth of the ecosystem, rather than being tied up in a bunch of inactive cold wallets.

Question 4: The Ethereum Shanghai upgrade is an important step in Ethereum’s transformation from PoW to PoS. How will the Layer 2 market structure evolve after the Dencun upgrade?

ChatPuppy NFT co-founder Gu QianfengThe possible impact of the Cancun upgrade on the market was discussed. He pointed out that, first of all, the reduced gas fees after the upgrade will attract more users to the Web 3.0 field; secondly, the upgrade may have a certain degree of hype effect on Ethereum.

Kun KUN Vice President of Commercial Affairs and Head of Hong Kong Jan ChanWe believe that every technological improvement improves everyone’s efficiency, productivity and production relations. He predicted that after the Dencun upgrade, the total volume of Layer 2 is expected to exceed Layer 1 in the next one or two years. Regarding the in-depth development of Layer 2, he believes that this still needs to be observed in the future upgrade of Ethereum, and whether each market situation can attract more new players in the traditional financial field to join.

Question 5: The Hong Kong government has sounded the clarion call to support the development of Web 3.0. What is the outlook for the development of Hong Kong’s cryptocurrency industry?

In response to the recent announcement that the first edition of the world’s largest Bitcoin Summit will be held in Hong Kong in May,GaoNuo International Accelerator AllianceFounder and CEO Huang JunlangAn outlook was made. He expects that in 2024, Hong Kong will host more and more international events. He also hopes that the SAR government can establish more matching funds to attract large technology companies and public chains. In addition, Huang Junlang also triggered a thought: If Hong Kong launches its own stable currency, in addition to transactions in the virtual market, what are its potential application scenarios in the real economy.

VDX CSO PaoloIt is believed that the substantial growth in the number of users this year mainly comes from the traditional financial field. Therefore, from a compliance perspective, the short-term changes are mainly to bridge the gap between Web2 and Web 3.0 asset sides and attract users to join. From a long-term perspective, the industry itself needs to innovate at the asset level, including achieving deeper breakthroughs in underlying value creation.

Chris Lee, co-founder of Merkle 3’s CapitalSpeaking of the differences between Hong Kong ETFs and US ETFs, I also hope that after the Hong Kong government blows the horn for the development of Web 3.0, Hong Kongs Web 3.0 will have a new development direction.

Question 6: Driven by the Meme wave, how do you view the huge wealth effect of Meme coin? How should ordinary users explore the opportunities?

Bitget Wallet CEO KarryThink of Meme coin as a real RWA (Real World Asset), emphasizing its ability to transform social hot spots into tradable assets. Victor, chairman of the board of directors of Triangle Technology, emphasized the friendliness of Meme coin’s issuance mechanism for ordinary users and looked forward to the potential of combining Meme coin with Depin. Wang Zhizhong, Ambassador of Velo Protocol Chinese Region, emphasized the importance of participating in the community to explore opportunities, pointing out that community participation can accumulate valuable experience and help seize opportunities.

Question 7: BlackRock applied for a Bitcoin spot ETF. Why is the Bitcoin ETF an important milestone?

EMC labs co-founder Runnie Shang SilinBlackRock’s application for a Bitcoin spot ETF is viewed as a major breakthrough and a significant contribution to the entire history of crypto assets. He mentioned that without Grayscale’s lawsuit with the SEC, the realization of a Bitcoin ETF might still be out of reach. He believes that Hong Kong has a late-mover advantage in ETFs and that cryptocurrency index funds that support physical creation can provide more value than U.S. spot ETFs. In addition, the implementation of Bitcoin ETF not only provides a greater investment channel for Bitcoin, but also has a positive impact on the entire Hong Kong ETF ecosystem and active strategy funds including them.

Question 8: The SEC frequently wields its sword. How do you view the lawsuits between Grayscale, Ripple and the SEC?

Ren Junfei, founding partner of Red Bank FundI think we can learn from the SEC’s lawsuit against Coinbase. More than a dozen tokens on Coinbase are defined as securities by the SEC, which results in them being subject to extensive regulation. This is the core of our focus when discussing the lawsuits between Grayscale, Ripple and the SEC - the definition of Token types. From another perspective, this is also the definition of investment and speculation. If a Token is considered to have intrinsic value and is expected to pay dividends in the ecosystem, similar to an investment in a listed company, this means that it will be subject to regulation; but if a Token is considered to be only suitable for speculation and lacks inherent value, then it It will not be regulated by the SEC.

Question 9: Regarding the airdrop of the Tia project, how do you view the airdrop to get rich and the future development of the project itself?

Tommy from Bitget InstituteSaid that airdrops may be one of the most certain wealth opportunities this year. Take Tia as an example. First of all, it has a technical background and political correctness is also guaranteed. Secondly, its wealth effect is significant. By participating in the airdrop and staking Tia, users can earn at least 20 times their current holdings. He predicted that there will be many application layer projects based on Tia issuing tokens in the future, and these projects may provide a portion of the airdrop to Tias stakers to attract traffic and obtain seed users. He also pointed out that if golden shovels flood the market, the value of the golden shovels themselves will depreciate.

Question 10: By improving the liquidity and composability of real assets, can RWA become a super entrance for new funds to enter the crypto market? What are the possible innovations in the future? How should we look at regulatory and compliance issues?

Dr. Blackey, CFO and Co-Founder of MUA DAOEmphasizing the decentralized nature of RWA, the purpose is to improve the liquidity of physical assets and optimize regulatory supervision services. Snowballx founder Harry discusses the composability of RWA from a private equity (PE) perspective. Thomas, founder and secretary-general of the RWA working group, emphasized the importance of choosing projects that can standardize, institutionalize and promote compliance, especially the application of stablecoins and RWA technology in cross-border payments, because this can simplify Investment process, improve capital efficiency and turnover speed, thereby increasing market liquidity.

Question 11: The summer of inscriptions is coming. How do you view the evolution and opportunities of the BTC inscription era?

Bitget Wallet CEO KarryFrom the perspective of users or investors, it is believed that this round of inscription craze represented by Brc 20 is actually a derivative of Meme coin. Whether it is in terms of cultural concepts, dissemination, or community construction, it clearly has the strong characteristics of Meme coin.

Zheng Yushan, founder of Waterdrop CapitalIt is believed that the inscription has fulfilled its historical mission to a certain extent. Although there are still endless agreements and various inscriptions emerging, he believes that it will be difficult for new inscriptions to surpass the current leading position.

PSE Chief Analyst TimIt is emphasized that the biggest innovation of inscriptions lies in the innovation of their asset attributes. In short, when the asset size is small, its trading method is similar to NFT, and the liquidity is relatively fragmented, but easy to operate. When its scale is expanded, its asset attributes can be transformed into a homogeneous token form through listing, thereby achieving good liquidity and high transaction volume. Therefore, he believes that the innovation of inscriptions on asset attributes is quite desirable.

Question 12: The Sol currency price has exceeded 100. Will it break a new high in 2024? What are your expectations for the development of the Solana ecosystem and its well-known projects?

LD Capital Partner JoyIt is proposed that the trend of Sol currency price largely depends on the broader market, especially the annual trend of Bitcoin and when Grayscale’s market influence ends. She expects a big move in the market this year, even though its currently in a correction and the market is looking for a bottom. She pointed out that once this process is over, the market is expected to usher in a larger-scale market, although it may not be comparable to the degree of large-scale flooding in 2021. As for the Solana ecology, she said that it is one of the most promising ecology in this round of market conditions, especially the Depin ecology and Meme ecology, which are already being hyped, including the Inscription ecology, which are expected to continue to perform well this year.

Question 13: Please share the investment opportunities worthy of attention in 2024.

Starting from this question,iPollo founder Jack Kongexpressed optimism about the future of Bitcoin. He pointed out that 2024 will be the 15th year of Bitcoin going from 0 to 1, and the next 20 years will be the period of Bitcoin going from 1 to 100. In this new big cycle, he believes that Bitcoin has a high probability of surpassing gold and becoming an important driving force for the development of the digital asset virtual economy.

LD Capital Partner JoyI believe that in the current industry, timing is more important than stock selection. In todays FOMO-ridden environment, the most critical thing is to stay invested and hold on to your chips, especially in the dark days before dawn, when prices fluctuate wildly and you wont be easily washed out. Of course, this requires choosing excellent investment targets, and Bitcoin is undoubtedly one of them.

Xu Ke, an early Bitcoin code contributor, compared the current Web 3.0 industry to the era of opportunities in the hit TV series Flowers. What we love is not the flowers, but the era of opportunities. She believes that the Web 3.0 industry in the past decade is like the stock market in the 1990s, with the approval of spot Bitcoin ETFs and the continued mainstreaming of the Web 3.0 industry. All indicate that opportunities are always there. The important thing is not winning or losing or taking the lead in the moment, but continuing to participate and not leaving the track.

The perfect ending of this AMA is inseparable from the profound and detailed speeches of the distinguished guests, which gave us a deep insight into the development context of the industry and made us feel the excitement of the coming bull market. We believe that under the leadership of the Web 3.0 era, technology will continue to bring more positive changes to society. We look forward to continuing to work together in the future to explore the infinite possibilities of the Web 3.0 era!