Taiwan Blockchain "The 30 Most Influential People": 2024 Market Forecast, Web3 Trend Analysis

2023BlockchainIt was a fruitful year for the industry. With the support of Bitcoin spot ETF, halving narrative, Oridinals inscriptions, and public chain recovery, BTC continued to set new highs this year, approaching $45,000.

As the market sounds the horn of the bull market, Taiwan, with its solid technical foundation and strong community,BlockchainThe industry also continues to demonstrate its profound development capabilities and leadership to the world.

Entering its fifth year, the Taiwan Annual Impact Awards has continued to expand its influence since its launch in 2019, attracting the attention of experts, technology developers, investors and start-ups in various fields. This award is not only a recognition of Taiwan’sBlockchainThe record of outstanding contributors is an important indicator for promoting communication, cooperation and innovation within the industry.

This time, the zone has expanded the invitation to industry experts, community leaders, and VCs to participate in the nomination and selection, selecting big figures who have made significant contributions in various fields such as Web3 applications, enterprises, NFTs, VCs, policy promotion, community influence, etc. (divided into two lists: "Industry Leaders" and "Community KOLs"), and invites these thought leaders to share with readers their key market forecasts and Web3 trend observations for 2024.

Disclaimer: The selection of influential people in the Dynamic Zone every year is based on the person's achievements, deeds, mass influence, and industry influence in the past year. There is no ranking in the following ranking. However, the cryptocurrency market is volatile. The Dynamic Zone can only ensure the positive influence of the person in the past and even at present, but it does not guarantee the future performance and behavior of the people selected in this list, nor does it constitute investment advice.

Industry Leaders and Influential Figures List

Evan Cheng / Sui Co-founder, CEO of Mysten Labs

• The public chain Sui mainnet will be launched in early May 2023.Token $SUI soared from $0.1 to $2 when it opened, and is now among the top 100 stocks in terms of market value.cryptocurrencyList of.

• Sui's Defi ecosystem has accumulated more than 20 projects with a TVL of more than US$200 million.

• Sui development company Mysten Labs has raised more than $330 million under Evan's leadership

Evan 2024 Predictions and Observations:

• Bullish sentiment persists in 2024 due to Bitcoin ETFs, institutional investor interest, and expectations of rate cuts

• The market in early 2024 was driven by retail panic and narrative, which will gradually shift to focus on value creation

• Consumer Web3 products and enterprise adoption will drive a sharp increase in developer activity

• Sui will serve as a platform for building complex consumer and business web3 The product platform plays a leading role

Ge Rujun (Dr. Bao) / Candidate for the 11th KMT Legislative Yuan, host of "Baobo Friends Talk"

• Podcast《宝博朋友说》主持人，时常与 Web3 产业关键人物之对谈，透过有趣的对谈为听众带来Blockchain与 NFT 的科普知识。

• The 11th KMT candidate for the non-partisan legislator hopes to bring the spirit of Web3 to the Legislative Yuan

Ge Rujun 2024 Predictions and Observations

As the Bitcoin craze revives, the term NFT is gradually forgotten, but digital collectibles are gradually accepted by the art circle, art galleries and auction companies and the market is expanding; national nodes and city-state nodes are beginning to emerge. DAO Organizations emerge,AI The wave of artificial intelligence has re-emerged on robots, and Apple and Meta have begun to dominate the creation of the metaverse.

Jamie Lin / Chairman and Partner of AppWorks

• AppWorks Funds manages four venture capital funds totaling US$350 million, and has so far nurtured five IPO projects, four IEOs, and five unicorns.

• The AppWorks Web3 ecosystem currently has 129 startups and 305 founders. These Web3 companies have a combined revenue of $865 million, raised $1 billion, and have a total valuation of $13.2 billion.

Lin Zhichen 2024 Predictions and Observations

As we expected last year, in 2023 we saw a large number of builders continue to work hard to solve major problems and develop new applications for Web3, especially in Layer-2, ZK, cross-chain, account abstraction, decentralized derivative financial products, etc., with significant progress.

Looking ahead to 2024, the listing of Bitcoin ETF on the US stock market and the Cancun update that will bring Ethereum into the Proto-Danksharding expansion era will be the two highlights of the first quarter, while the halving of Bitcoin mining rewards will be a major milestone in the second quarter.

As the ecosystem matures, we believe that more "general public applications" will emerge, allowing people to move to blockchain without feeling anything. In addition, under the increasingly clear regulatory framework, we also expect large companies to have a more positive attitude towards adopting blockchain technology, accelerating the popularization of Web3 through their huge user base.

Xie Mingjie/ Chairman of ASUS Metaverse, COO of ASUS

• Actively promoting the establishment of ASUS Metaverse, his leadership style is not only reflected in his keen insight into the potential of Web3 and blockchain markets, but also shows his firm belief in leading the company to integrate into the culture of the younger generation. This move not only brings ASUS into the emerging technology field, but also opens the door to the future digital economy for the company.

Xie Mingjie 2024 Forecast and Observation

2024 will see AI The combination with Web 3.0 will profoundly change the experience of content creation, metaverse and digital application services. Virtual-real integration and user-friendly operation will make Web3 an indispensable part of our lives. We expect this era to bring smarter and more intuitive digital experiences, allowing us to move more freely between virtual and real.

Winston Xiao / Convener of the Taiwan VASP Association Preparatory Group

• In 2023, we are committed to promoting the establishment of the "Republic of China Virtual Currency Business Association". We have submitted an application to the Ministry of the Interior in December and it is expected to be officially established in 2024.

• In 2022, he co-founded the Unitas Foundation and served as a director, developing a decentralized unit currency protocol dedicated to accelerating foreign investment and cross-border payments in developing countries.

Xiao Huizong 2024 Prediction and Observation

2024 marks thecryptocurrency产业的重要分水岭，随着监管逐渐成形，加密货币产业将真正分为「中心化」与「去中心化」两个赛道，前者必须合规，后者则会获得额外资源的挹注，实践更具有破坏性也更大规模的创新。

As regulation matures, I expect that a large amount of resources will begin to be directed towards decentralized construction. These two tracks will form a healthier allocation of resources and ultimately achieve mutual balance, push and checks and balances.

Looking back, in an environment with no or low regulation, "regulatory arbitrage" was the main industry bonus, and such benefits would automatically attract resources. Although businesses and investors are in an essentially decentralized industry, they naturally move towards benefits and centralization, and even worse, they over-control power to obtain undeserved benefits. This also leads to the development of products and services, although there are still some decentralized elements, the actual business model is mostly centralized.

Centralized services have occupied most of the resources in the era of wild growth, which has also slowed down the progress of infrastructure construction in the decentralized field, and there is still a lack of substantial large-scale applications. The global regulatory environment is gradually maturing, and only compliant companies can continue to move forward on the centralized track and obtain tickets to compete on the stage.

However, the essence of blockchain technology is decentralization. This technology will not disappear or slow down due to regulation. Instead, it will accelerate the construction of decentralized infrastructure in response to regulation. The decentralized track will inevitably develop faster as the intensity of regulation increases.

It has been 15 years since Bitcoin was invented. I predicted that 2023 would be the year ofexchangeIn this "first year of self-compliance", I am honored to serve as the convener of the Taiwan VASP Association Preparatory Group since September. Taiwan's supervision has evolved from money laundering prevention to the Financial Supervisory Commission's guidelines and then to the establishment of the association. The next step is to formulate and implement self-regulatory norms after the association is officially established, so as to facilitate Taiwan's future reference whether it is to enact special laws or cite existing laws.

In addition, XREX also became the first virtual asset operator in Taiwan to successfully obtain the Monetary Authority of Singapore (MAS)'s Major Payment Institution (MPI) license in principle in 2023. All of this shows that when blockchain technology begins to "change human behavior", the law must begin to "restrict human behavior" in order to maintain the steady progress of society. Under a clear and reasonable framework, while maintaining the energy of new technological innovation, it can protect the rights and interests of the majority of people without losing control.

Looking at human history, when a new technology that can change the economic and social operation mode comes out, the impact and changes it brings are huge and even earth-shaking. The Internet is the best contemporary example. It only changes the way humans obtain information, but it completely changes human behavior and social operation mode. Our shopping, making friends, communication and even industry operation mode have changed because of this technology.

Blockchain technology will not be an exception. It changes the way people operate consensus and transfer value, but it will bring us unimaginable changes from finance, data storage to the transfer of power.

When regulation and compliance become an irreversible wave, those who want to join the centralized competition must obtain a ticket, and those who want to develop decentralized industries have no room for ambiguity and must truly invest resources and energy. 2024 is the watershed. The era in which anyone could rush into the jungle and fight guerrilla warfare in an environment without rules is over.

Now, as governments around the world begin to impose varying degrees and levels of regulation and issue licenses, businesses must obtain tickets to enter one arena after another. Participants may be traditional financial institutions, start-up teams, emerging technology companies, and various businesses and commercial areas. Everyone must charge forward within a certain scope and conditions to open up a smooth road of their own.

Those who are unwilling to participate in this kind of ticket-based qualifying and arena regulations must move towards a decentralized world in an all-round way. Both centralization and decentralization no longer accept the so-called "half-measure" model, and the vague space is gradually disappearing. In 2024, everyone must make a clear choice and statement at this watershed moment.

Jiang Yongchang / New Taipei City legislator, promoting the draft virtual asset management regulations this year

• Initiator of the Crypto-specific Law "Draft Virtual Asset Management Regulations"

• Push for the draft special law to be sent to the Legislative Yuan for first reading and approval

Jiang Yongchang 2024 Forecast and Observation

• Regulatory legislation for the blockchain industry will definitely be a top priority next year: considering the industry’s innovations and the various controversies involved in some areas, some commentators point out that investor protection is the most important; and linked to this are measures to prevent money laundering, fraud, and crime, as well as clear definitions of legal compliance, all of which involve the swift and appropriate establishment of a regulatory legal system.

• The association will be established this year (2023). The Financial Supervisory Commission has publicly stated that it will observe the overall industry situation after the establishment of the association and then decide on the next supervisory action; however, the recent application of virtual assets in finance and the overall expansion of the virtual asset market have made it the Financial Supervisory Commission's responsibility to discuss the framework of the virtual asset law. Overall, in 2024, the number of projects that our virtual asset industry can engage in will increase and the market will develop more vigorously.

Simon Dai / Deputy General Manager of Digital Finance Business Group, Far Eastern Commercial Bank

• The "2023 Virtual Asset Survey" was launched to reveal the understanding of virtual assets, investment preferences, profit levels, information sources and attitudes towards regulatory supervision of different generations in Taiwan.

• Promoting Banking and Virtual AssetsexchangeWorking together, we will move forward in the four major directions of "detection, notification, control, and improvement" to reduce the occurrence of money laundering fraud and effectively control it.

Dai Songzhi 2024 predictions and observations:

1. Top blockchain talents lead Taiwan to enter the international arena

Looking back at 2023, the Taiwan VASP Association has been in full swing in preparation. We look forward to seeing the association begin concrete operations in 2024, and through the joint cooperation of industry players to accelerate the development of Taiwan's blockchain industry and move the industry in a healthier and better direction.

Taiwan has the best blockchain professionals. We expect that after more intensive horizontal integration in 2024, we will see the formation of the National Blockchain Dream Team and make a big push into the international arena, so that more blockchain-related applications can also have a place in Taiwan, rather than just being the exclusive stage for overseas companies. Therefore, in 2024, we expect to see the National Dream Team leap onto the international stage and enter the Blockchain World Cup, so that the world can see more Taiwanese unicorns shine.

2. Traditional finance and cryptocurrency industries merge to create a betterSafetyConvenient trading environment

After Bankee released the "2023 Virtual Asset Survey" to gain insight into the user profile and needs, it was found that "Safety" and "convenience" are the items that users value most; in 2024, we will gather the ideas and insights of VASP operators, professional institutions, and customers, and further release the "2024 Industry Survey Report". We believe that all parties can work together to firmly establish roots in the three stages of compliance, trust, and popularization, which can promote the vigorous development of the blockchain industry ecosystem and usher in the "new year" of Taiwan's blockchain industry.

3. Banks should give full play to their strengths and build a more sound joint defense mechanism to reduce the incidence of money laundering fraud

远银 Bankee 于 2023 年提出「侦测、通知、管制及精进」四大联防机制，横向串联exchange业者，掌握异常交易并即时通报，透过帐务管控程序有效预防洗钱诈骗案件，杜绝非法交易的产生，再透过大数据分析，持续精进优化提升SafetyWe hope that more industry players will participate in 2024 to implement a joint defense mechanism and build aSafetyConvenient trading environment.

4. Welcome the "new year" of Taiwan's blockchain, improve the compliance of the cryptocurrency industry ecosystem to bring trust, and trust can be popularized!

The Taiwan VASP guidelines will be released at the end of 2023, giving virtual asset platform operators a clearer direction to follow. We believe that only on the basis of compliance can we build user trust, thereby strengthening the public's willingness to invest, allowing blockchain applications to enter the lives of more people and truly achieve popularization.

Alex Liu / Founder and CEO of MaiCoin Group

• MaiCoin is the oldest digital asset trading group in Taiwan. Its brands include MaiCoin digital asset trading platform, MAX digital asset exchange, AMIS account network blockchain technology and Qubic NFT technology integration services.

• This year, the cryptocurrency payment service "MaiPay" was launched, and users can use BTC, ETH, USDT, USDC, MAX, etc.TokenConduct transactions and improve the application scenarios of encrypted payments.

Liu Shiwei 2024 Forecast and Observation

Bitcoin will be halved in 2024. Looking back, the past three ups and downs of the bear and bull markets are all related to the schedule of Bitcoin halving. In 2023, many US financial institutions submitted applications to the SEC for Bitcoin spot ETFs, which made the market start to move in the fourth quarter of 2023. In addition to the exciting price fluctuations, the application for Bitcoin spot ETFs also shows that traditional financial institutions recognize the virtual currency industry to some extent. These events are all signs that virtual currencies are becoming mainstream. I believe that 2024 will be a lively and positive year.

2023 is also the year when regulation in various countries begins to ferment. In addition to Hong Kong, Singapore, Japan and other countries releasing relevant regulatory laws, the US SEC has also carried out a wave of sweeps against virtual currency-related businesses. Taiwan's virtual currency industry has also experienced the release of guidelines, the establishment of associations, and the first reading of the virtual currency special law. It seems to be a wave of serious damage and limitations to the industry, but in the long run, I believe it is a prelude to the coexistence of virtual currency with the system. It is also expected that the industry will be healthier and more people will be willing to join this market.

In addition, we have also seen that traditional financial institutions are beginning to join the battle through green power STO, Bitcoin spot ETF, virtual currency payments, etc. Based on the decentralized nature of blockchain technology and the time-free cross-border transactions of virtual currencies, I believe that this year more institutions will begin to innovate services, create liquidity, and reduce operating costs through "tokenization". In the near future, we should see more discussions and success stories on real-world assets (RWA), supply chain finance, carbon rights trading, stablecoins, etc., and this will also be an opportunity for Taiwan to become one of many nodes. I believe that blockchain technology and virtual currencies will have the potential to become Taiwan's next important industry.

Matt Cheng / Founder of Cherubic Ventures

• Cherubic Capital focuses on angel and seed-stage startups, investing in multiple Web3 teams in the United States and Asia, and currently manages more than US$400 million.

• Before founding Cherubic Capital, Matt co-founded Tiange Interactive and Yuxuan Technology (now 91APP), served as an advisor to Wish, the world's largest cross-border e-commerce company, and Atomic VC, a well-known American venture capital firm. He is the earliest investor in 12 of the world's top unicorns, including Flexport, Calm, Hims & Hers, and Paidy.

Zheng Boren 2024 Predictions and Observations

I think one of the biggest lessons we can learn from the unpredictable year of 2023 is - don't try to predict the market.

However, what we can do is to find out what are the possible market signals and speculate on the possible development direction in 2024 based on some existing signs. Here are three aspects that I think are worth paying attention to:

1/ AI 与区块链的技术整合 AI 与区块链可以说是过去几年最令科技圈感到兴奋的两大技术创新，而生成式 AI 更在 2023 再次让人们体会到这项科技的力量。

Many people believe that integrating AI with blockchain technology will help the development of the blockchain industry. For example, AI error detection can enhance the security of blockchain, and the data on blockchain can be combined with AI analysis to enhance the data analysis and insight capabilities of enterprises or organizations. I think we will see more relevant real-world cases in 2024.

2/ Bitcoin spot ETF is expected to be approved. As more and more large institutions, including Blackrock, Wisdom Tree, Invesco and Franklin Templeton, submit ETF applications to the SEC, I believe that the probability of Bitcoin spot ETF being approved in 2024 will also increase relatively.

If it is passed, it can be expected that Bitcoin's visibility among general traditional investors and retail investors will be greatly improved, and it will have the opportunity to "go beyond the circle". In addition to pushing up prices, it can also, to some extent, eliminate some of the negative stereotypes that have shrouded Bitcoin in the past. However, how to balance it with the concept of decentralization is another level of challenge.

3/ Bank of America accelerates its embrace of tokenized payments. As cryptocurrencies begin to interact with traditional financial markets, we will have the opportunity to see more new sparks in 2024.

In 2023, Paypal, the most well-known payment giant in the United States, has taken the lead in launching tokenized payments, followed by JPMorgan Chase. It can be expected that in 2024 we will have the opportunity to see more US banks launch related services to accelerate their development in the field of cryptocurrency.

Po Chen / Co-Founder of TonX Studio

• TonX Studio was founded to promote the development of the TON ecosystem and has incubated cryptocurrencieswallet TonKey, domain name service TonDaddy, Tonstake... and other infrastructure.

• Co-founder of the world's largest Chinese community "Bitcoin Chinese Community", the community's Facebook community will grow to nearly 163,000 people by the end of 2023

• Since 2014, he has published more than ten papers on Bitcoin and is the earliest Bitcoin and blockchain scholar in Taiwan.

Chen Bowei 2024 Predictions and Observations

Bitcoin's Taproot has gone from concept to implementation. In 2023, we saw it go from implementation to life. We are very happy to see the emergence of BRC 20. At the same time, we also see that more people are paying attention to, investing in, and developing RGB, Lightning Network Team, etc. Soon, we can see that Bitcoin's L1 will have more major asset issuances, and in 24 years, we will see many applications of Bitcoin Layer2.

I am still very curious. Bitcoin is a silent whale, and 24 years will be the year it awakens.

Telegram is the world's second largest chat software, and TON is the world's fastest blockchain. In 2023, it completed a test of 100,000 TPS per second, triggered sharding on the main network, and processed tens of millions of transactions. At the same time, in Token 2049, the relationship between Telegram and TON was announced. Soon we can see that Telegram, which has 1.4 billion users, will be equipped with a built-in TON Wallet by default.

Telegram will not only be a chat app, but also a payment app, and the gateway to Web3. In the future, Telegram will have a Telegram Mini App Store, and a lifestyle APP store. In order to handle billions of users, we are committed to building a highly stable and high-speed TON API - TonFura, and writing SDK development tools in multiple languages to meet the future explosion.

Jason Fang / Founder of Sora Ventures

• Sora Ventures manages two funds with a portfolio of more than 80 companies

• It will host the Sora Summit 2023 "Bitcoin Ecosystem" summit, and invite important guests including Coinbase CEO Brian Armstrong, Ordinals protocol developer Casey Rodarmor, and BRC20 creator Domo.

Jason 2024 Predictions and Observations

Recent analysis of the Bitcoin market points out that in the current macroeconomic environment, Bitcoin's application ecosystem has great potential in the next bull market. Especially in the Ordinals market, although the transaction volume in this field has increased recently, its overall scale is still small.

I believe that the development of the Ordinals protocol is crucial to increasing the value of Bitcoin, and this is also the driving force behind Bitcoin's value surpassing its previous highs.

In addition, the next phase of Bitcoin will introduce utility tokens to the network, bringing unprecedented scenarios to the industry. In the history of Web3, the dominant narrative of each bull market has never been repeated, so I think the next bull market will be reflected in the utility of Bitcoin.

Andrea Chang / Oak Grove Ventures Partner, NGC Ventures Research Partner

• Oak Grove Ventures is a company focused on early-stage investments in Web3, artificial intelligence (AI) and biotechnology. Its past investments include Gemini, Opensea, Animoca Brands, Near and other projects.

• NGC Ventures manages over $500 million in assets and invests in early-stage Web 3.0 infrastructure, startups, and projects.

Andrea Chang 2024 Predictions and Observations

1. Bitcoin Ecosystem

By 2024, I expect Bitcoin’s native DeFi functionality to expand significantly beyond the limitations of ERC-20. The development of Bitcoin layer2 and the development of Bitcoin native will play a pivotal role. For Bitcoin Ordinals, as more builders enter the field, we may see the community expand to other protocols beyond the Brc20 standard (such as the Tap protocol).

2. Decentralized AI infrastructure: the integration of blockchain and AI

This includes the use of zero-knowledge machine learning (zkML) protocols to provide privacy-preserving AI solutions. Decentralized storage and enhanced data availability mechanisms will further support these infrastructures. These advances can promote more secure, efficient, and scalable AI operations on blockchain networks.

3. Consumer Dapp Growth: Driven by the Asian Market

2024 will mark a major shift in the dApp landscape, with adoption in the Asian market driving a surge in consumer-oriented applications, particularly in the casual gaming and social sectors. Asian markets, known for their rapid adoption of technological innovations, will be at the forefront of this transformation, setting new standards for dApp usability and functionality. Infrastructure that can support mass adoption and better user experience (e.g. account abstraction) will have more use cases

4. Modular application-specific blockchains

In my thesis, as the industry becomes more application-centric, we could see more super apps motivated to have their own chains with the help of modular infrastructure.

Titan Cheng / Founder and CEO of BitTorrent Group

BitoPro will launch the first "mobile phone sensing" NFC card cold storage at the end of 2023wallet, military-grade security specifications, private keys can be stored offline

Cooperate with FamilyMart to allow FamilyMart members to exchange their points for Bitcoin (BTC), Ethereum (ETH), USDT, etc.

Develop the original patented TT Check gift card to achieve more diversified application levels of virtual currency.

Zheng Guangtai 2024 prediction and observation

1. With the implementation of regulation, traditional financial institutions gradually embrace digital currency

The establishment of the VASP Association in 2024 is definitely a major milestone for Taiwan's cryptocurrency community. Once regulation is implemented, it is foreseeable that traditional financial institutions and the development of cryptocurrencies will become more "integrated". On the basis of legality and compliance, public acceptance will increase, and more diverse application scenarios will enter people's lives. We look forward to the sparks sparked by the "rigor" of traditional finance and the "innovation" of digital currency!

2. Digital currency payment will have more usage scenarios

According to statista, digital currency payments are expected to grow at a compound annual growth rate of nearly 17% between 2022 and 2029, with an expected transaction volume of up to US$4.12 billion.

We are optimistic about this emerging payment method, and the traditional financial payment system will gradually integrate digital currency payment services. The advantages of digital currency payment are:

(1) Immediacy: Consumers can pay anytime and anywhere, without geographical restrictions, and the funds will be credited instantly.

(2) Transparency: Transaction records are open and transparent on the chain and cannot be tampered with.

(3) Low transaction fees: The transaction fees that merchants and consumers have to pay may be much lower. PayPal charges nearly 4% or more for each transaction, but the transaction fees for some Bitcoin transactions are less than 1%.

3. Tokenization of real assets:

The tokenization of real assets is a key to the popularization of blockchain, that is, the ownership of valuable assets in the real world. For example, carbon rights are very suitable for trading on the blockchain in a tokenized manner.

Audrey Yang / Orderly Network CGO, Founder of Radiance Ventures

• Orderly Network provides Web3 teams with comprehensive dApp tools and the liquidity needed to quickly deploy complex full-chain trading applications, with cumulative trading volume exceeding US$500 million.

• Radiance Ventures is a blockchain investment fund dedicated to accelerating blockchain progress, reinventing the interactivity of digital assets, and stimulating growth across the Web3 space.

Audrey 2024 Predictions and Observations

Bitcoin Ecosystem Revival, Bitcoin ETH and Defi Summer 2.0:

In 2023, under asset issuance protocols such as BRC-20, the Bitcoin ecosystem will transform single satoshis into unique digital assets through the inscription process, reshaping the transaction nature of Bitcoin; with the emergence of tBTC, a product of Bitcoin's integration into the Ethereum and Solana blockchains, it will drive the interaction between Bitcoin and DeFi applications.

According to Galaxy's research in October this year, institutional funds currently hold 842k BTC (~$22B), and the current potential market for wealth management assets such as broker-dealers and banks is US$48.3 trillion. Compared with the beginning of the year to the end of November, the inflow of Bitcoin exchange products (ETP) was $1.5B. It can be imagined that under the premise that the Bitcoin ETF is approved, only a potential market of 0.003% is needed to double the annual inflow of BTC.

Given these significant developments and the momentum built over the past year, the foundation is set for a potentially explosive growth trajectory into 2024.

Towards the financialization of social experience

Since the Defi Summer, Web3.0 has been highly overlapped with financial attributes, and the learning difficulty and low stickiness of most Defi products have limited the expansion of the incremental market.

Looking at the current industrial ecology, many social projects are looking for opportunities to cooperate with traditional industries. For example, in the NFT track, Pudgy Penguins made NFT into dolls and put them on the shelves of 2,000 Walmart stores in the United States, which is a successful case of virtual-real integration.

The trading track is also constantly giving birth to projects that combine social attributes. Take DCT (Dream Come True) as an example. It is a platform that adds AI smart assistant tools to social trading and will be launched in the first quarter of next year.

At the same time, there are many companies and well-known IPs in the Web2.0 field entering the race. For example, the NFT project Moonbox has officially obtained the exclusive authorization for the creation of NFTs for three films and TV series by the genius director – Stephen Chow. The entertainment industry has also become an indispensable part of the social development path of Web 3.0. Pulse Events, a well-known concert organizer in North America, is also discussing the possibility of combining physical concerts with Web3.0 with Radiance Ventures. Earlier, Pulse Events has cooperated with Korean artists such as BIGBANG and EXO for large-scale tours. Cross-border cooperation in the entertainment industry is expected to break the circle of the existing Web3.0 market.

In the coming year, in addition to the GameFi ecosystem, which will continue to maintain stable investment, we can foresee many new opportunities in different areas of life. web3.0 experiment, in which the commercial design of points and loyalty in the NFT and tokenization system may bring a closed loop of new financial attributes to the existing social field.

Wayne Huang / XREX Co-founder and Group CEO

• In 2023, XREX became the first Taiwanese company to obtain the in-principle approval of Singapore's important financial license, the Major Payments Institution (MPI), breaking through a major hurdle in cross-border encrypted payments.

• Co-founded Unitas Foundation and serves as a director, developing a decentralized unit currency protocol dedicated to accelerating foreign investment and cross-border payments in developing countries.

• The Pre-A round completed NT$470 million in financing and received investment from heavyweight institutions such as Japan's SBI Investment, Canada's ThreeD Capital, and Germany's Global Founders Capital

Huang Yaowen 2024 Predictions and Observations

In 2024, we expect to see the expanded application of stablecoin and central bank digital currency (CBDC) technologies in cross-border payments and settlements.

In addition to large traditional financial institutions and international payment companies such as JPMorgan Chase, VISA, MasterCard, and Paypal, it will also include national sovereignty and government agencies.

With the rapid changes in regional politics, the rapid development of the global south and emerging markets, and the rise of financial hubs in the Middle East, the demand for SWIFT alternatives has increased sharply in cross-border payment and settlement systems. This is also a major pain point for person-to-person (C2C), business-to-business (B2B), financial institution-to-financial institution (F2F), and government-to-government (G2G). Blockchain will be the best solution to this financial pain point.

In the 15 years since the advent of blockchain technology, many different innovations and crazes have emerged, including the initial coin offering (ICO) craze in 2017, the DeFi Summer in 2020, the NFT craze in 2022, and the recent Bitcoin inscription craze. Almost every one of these grand parties ended in failure, and many even came to an abrupt end due to market crashes.

Until now, the only stablecoin that has found product-market-fit (PMF) is probably stablecoin. It has been 9 years since the world's first stablecoin USDT was issued in 2014. In the early days, it was mainly used to trade cryptocurrencies. Today, USDT and other stablecoins have entered the real world and become an important tool for ordinary people to preserve their assets, process cross-border payments, and even pursue financial autonomy. The reasons behind this include: the fragility of the country's central bank, the instability of the banking system, the serious depreciation of the currency, the intensification of inflation, the shaky economy, and even conflicts and wars.

In 2023, XREX held the first Stablecoin Summit in Singapore. At that time, I met with the stablecoin issuer Tether's CEO Paolo Ardoino talked with him. He shared that the global outbreak of the new coronavirus three years ago caused severe inflation and currency depreciation in many countries. For example, the Turkish lira depreciated by 80% in 18 months. The situation in Argentina, Venezuela, the Middle East and Central Asian countries can be said to be even worse.

USDT has become a channel for emerging markets to obtain US dollars. These are not for trading arbitrage or getting rich by speculating in cryptocurrencies, but for supporting families and economic security. Stablecoins have become one of the ways for people in developing countries to live a stable life.

According to Chainalysis data, more than $2.26 billion worth of USDT flows and transfers on the blockchain every week for investment, trading, or payment of products and services. Stablecoins are still an important medium of exchange in the cryptocurrency world. Among the hundreds of millions of stablecoin users around the world, many are not so-called "cryptocurrency people". Some of them are small and medium-sized business owners, some are micro-merchants, and many are even just family breadwinners who need to take care of the food and clothing of the whole family.

In 2024, we will not only see more stablecoins being used in the "non-cryptocurrency world", but I predict that as geopolitical risks rise and many wars remain unquenched, there will be more national-level projects initiated or participated in to build a cross-border clearing and settlement system outside of SWIFT to ensure the stability and autonomy of trade flows and capital inflows. Blockchain technology and stablecoins are bound to be the two most important roles in this new cross-border clearing and settlement system.

JOSH LU / BINGX Asia Pacific Business Operations Director

• BingX has provided spot, derivatives, copy trading and grid trading services to 5 million users in more than 100 countries and regions.

• 今年 11 月与 BTC 生态钱包 UniSat 达成合作，成员率先支援 BRC-20 代币的中心化交易所之一。

Lu Zijian 2024 Predictions and Observations

It is generally expected that 2024 will be the beginning of another crypto bull market. As hot money from the macro market enters the crypto market, the overall ecosystem will be further accelerated. As for the prediction of the future crypto market, the Bitcoin ecosystem will have more development in the future, but the short-term inscription market is too hot and many developers and investors are expected to enter the market. Inscriptions with too high a concentration of memes will not be sustainable. Investors should distinguish between speculation and investment, and avoid long-term holding of projects without long-term goals.

The Bitcoin ecosystem is bound to bring more resources into the encryption field in the future. L2 The review suggestions for other public chains still need to return to the application level for evaluation. Although inflated TVL will lead to misjudgment, TVL is still a relatively reliable indicator. It is recommended to spend more time to clarify it. Real users are the best endorsement for each protocol and each public chain.

Although many public chains have launched many activities to continuously increase the number of users, the actual active users are the real ones. It is predicted that the issue of high-speed public chains in 2024 will return to the public eye. In addition, easy-to-understand high-end dream race tracks such as Depin (decentralized infrastructure) will once again enter the vision of new investors with the start of a new round of bull market. Easy-to-understand projects can always successfully bring newcomers into the circle. This is a key track that cannot be ignored.

Pinta Chen / Marketing Director of BlockTempo

• As the Marketing Director of BlockTempo, he manages its social platforms and 10,000-member communities, and promotes BlockTempo's continued growth as the world's largest Chinese blockchain media.

• In 2023, it hosted a number of industry landmark events: the first "TON Hackathon" in Taipei, the first Bitcoin PizzaDay basketball game in the Chinese community, with more than a thousand people participating, the launch of the "Taiwan Blockchain Industry Map", one of the organizing teams for the second NFT Taipei, and the largest annual "Infinity Block Night" industry exchange evening...

Chen Meigeng 2024 Predictions and Observations

As blockchain technology and AI continue to integrate into the Web3 ecosystem, and new narratives continue to emerge in the market, 2024 will hold unprecedented potential.

I am still quite optimistic about the development of areas such as games, social networking, finance and entertainment. Games and AI with Web3 elements will become the key to attracting more Web2 institutional investment in 2024.

AI greatly improves the gaming user experience while increasing the complexity of content creation and the mature application of digital assets; the momentum of game tokenization will further increase the possibility of the crypto market entering a new bull market cycle.

Cai Yuling/Chairman of Taiwan Financial Technology Association

• In 2023, we are committed to promoting the establishment of the Taiwan VASP Association. We have already submitted the application to the Ministry of Economic Affairs and it is expected to be officially established in 2024.

• Organize various types of activities and lectures to actively promote the discussion and development of blockchain, cryptocurrency, NFT and other technologies in Taiwan.

Cai Yuling 2024 Predictions and Observations

Over the past year, I have visited Dubai, Tokyo, Seoul, Singapore, Hong Kong and other places intensively. These countries are very active in promoting blockchain and Web3. My prediction for 2024:

1. Regulation of cryptocurrencies has become a trend, and non-chain and cryptocurrency players (such as traditional finance, telecommunications, social platforms, etc.) are more willing to participate. Whether this trend is a competitive challenge or an opportunity for cooperation for existing blockchain players is worth paying attention to.

2. During my tenure as the Chief Advisor of the VASP Guild Preparatory Group, I witnessed how the industry players put aside their selfishness, united and exercised self-discipline, and worked together to lead the virtual currency industry towards positive and long-term development. On December 21, 2024, I officially submitted an application to establish the Guild, marking a historic moment. The VASP Guild will become the only and direct communication window between the public sector and the industry players, and an important mechanism for the government to regulate VASPs.

Taiwan's innovative model for regulating VASPs should be successfully established by 2024, achieving the goal of balancing industry innovation and risk control. We hope that the public-private partnership model of Taiwan's VASP regulation will become a model for new international regulatory technology! Help VASPs establish themselves in Taiwan and look to the world!

3. Whether decentralized blockchain applications will be more integrated into daily life, innovation on the user side is crucial, for example: private keys that simplify login procedures, more secure and convenient wallets, etc. Whether Taiwanese businesses can seize the opportunity will be crucial in 2024.

Paul Fan / Co-founder and CEO of CYBAVO

• CYBAVO is Taiwan's largest consulting firm that provides cybersecurity expertise. The company's products and services include the top three cryptocurrency exchanges in Taiwan, and its overseas customers come from Japan, the United Kingdom, the United States, Hong Kong, Russia, Dubai, etc. In 2022, Circle, the issuer of the world's second largest stablecoin USDC, announced the acquisition of Cybavo.

• It has protected more than 4 million cryptocurrency transactions for its clients, with a cumulative transaction volume of US$35 billion.

Paul 2024 Predictions and Observations

2024 will be a critical year for stablecoin regulation.

Asia has played a leading role on the global technology stage over the past decade, incubating and launching a new generation of innovative companies that have brought convenience and economic opportunities to billions of people.

As the fintech ecosystem in Taiwan and the region flourishes, it is expected to accelerate the adoption of digital payments and promote more competition, innovation, and synergy. I look forward to global regulators establishing a clearer and more defined framework for cryptocurrency-related services, and I am excited about the future of crypto assets in Asia.

Justine Lu / Co-founder of Lootex, Chairman of Taiwan NFT Association

Lootex is one of the largest NFT auction markets in Taiwan. It is a player-centric, multi-chain game asset mall and a platform for sharing the latest blockchain game information.

The chairman of the Taiwan NFT Association hosted the second international event "NFT Taipei" across art and blockchain this year, inviting dozens of top leaders in the Web 3 world to discuss how blockchain and NFT can create new opportunities in the next bull market.

Lv Jijie 2024 Forecast and Observation

I feel that I am not qualified to make predictions about this generation, and can only try to understand meme culture with trepidation.

Whether from the perspective of product design, marketing communication or community management, respecting meme culture, expanding community participation and upholding the spirit of openness and sharing will be important tasks for all Web3 entrepreneurs.

Pochang Wu / Co-founder of OurSong

• OurSong has successfully entered the international market and helped dozens of musicians issue NFTs. American music superstar John Legend serves as the company's chief influencer and co-founder, and continues to bring changes to the music industry through Web3.

• Assisted many Taiwanese restaurants, celebrities, and internet celebrities to issue NFTs, including: Julia Wu Zhuoyuan, Zhou Tanghao, Shiyuan Fried Chicken, Sukiya Tsujiha Ramen Shop...successfully and quickly promoted NFTs to the general public.

Wu Bochang 2024 Predictions and Observations

L2 There will be more capital inflow and applications born, and the competition among protocols will become fierce. In order to create differences and expand the ecosystem, L3 that provides privacy and solves special needs will become a new opportunity.

User experience, wallets, and private key management, which have long hindered the mass adoption of web3, will see significant progress.contractAsset security issues caused by loopholes and lack of personal awareness are still difficult to avoid.

AI will completely change the production of creative content. With the massive output of content, blockchain will become an important infrastructure for rights management.

Wu Zheyu/ Founder of Moyu Design

A contemporary Taiwanese new media artist, his works use algorithms as their soul, casting eternal life and emotion in the digital field. Deeply rooted in the intertwined boundaries of engineering and art, he uses advanced algorithms and interactive technologies to give digital art a unique language and life through in-depth research on nature, physics, modern art and mathematics.

Wu Zheyu 2024 Predictions and Observations

Looking ahead to 2024, I believe that blockchain technology will continue to play an unprecedented role in the field of artistic creation and expression. Not only will it become the core of the new era of art media, but it will also profoundly change the way artists and audiences interact, achieve multi-directional participation, build a digital ecosystem, and promote deeper connections.

In the field of digital art, the application of blockchain gives artworks eternal life in the digital world. This not only means the permanent preservation of the works, but also a guarantee for the continuous evolution of the content and value of the works over time.

Especially in generative art, the on-chain application of code gives artworks the ability to express emotions and have life characteristics. This innovative application of technology opens up a whole new field for artworks, transforming them from static displays to entities with dynamic vitality.

Blockchain technology itself has become a unique form of artistic expression. From token economics to the integration of artworks NFT, and even decentralized autonomous organizations (DAOs),DAO), these concepts transcend their original technical or economic level and become part of artistic creation.

This cross-border integration not only enriches the four closely linked social dimensions of culture, art, economy and politics, but also transforms value and meaning into digital symbols, and enables barrier-free, instant and free value exchange on a global scale through the medium of blockchain. This is difficult to achieve with traditional media, and will inevitably promote mutations in the operating rules of human culture and art.

I predict that by 2024, as blockchain technology matures and becomes more popular, we will continue to witness the birth of a model of perfect integration of art and technology, creating a new wave of creators and trends who master technology and art and bring revolutionary changes.

Chen Mei-ling / General Convener of Taiwan Blockchain Alliance

• Together with the Taiwan Blockchain University Alliance, we have established a blockchain development talent and technology training system through cooperation with multiple institutions and organizations to promote the implementation of Taiwan's blockchain capacity. There are five directions for advancement, including regulatory adaptation, application promotion, industry-university cooperation, international development and public relations.

• Facilitated the National Development Council's projects "Taiwan Blockchain Service Platform (BaaS)" and "T-Road (cross-agency data transmission service)"

• Promote regulations to reduce carbon emissions and assist companies in using blockchain for carbon inventory.

Chen Meiling 2024 Predictions and Observations

At the end of last year, I wrote an article about the "new normal" and "new order" to predict the development of the blockchain and cryptocurrency industry in 2023. Because in 2021-2022, the entire blockchain industry experienced ups and downs like a roller coaster!

One year of bull market and one year of bear market in virtual assets have indeed left many new practitioners and investors at a loss, but this has long been the "new normal" of the blockchain industry.

In the past two or three years, once-glorious star projects such as NFT and DeFi have also encountered turbulence and a cold winter this year. Ups and downs are indeed the new normal. After the new normal, the "New Order" will follow!

This year, including Taiwan, governments around the world have stepped up their supervision of centralized exchanges and stablecoins, which has made the overall industry environment and development no longer free to graze.BinanceThe Hong Kong Securities and Futures Commission has delisted the JPEX exchange, and the Taiwan Financial Supervisory Commission has become the regulatory authority for centralized exchanges and over-the-counter currency dealers since September. These are all actual examples of "external regulation".

Speaking of "self-discipline", Taiwan's VASP Association is in the stage of active preparation, and the KYC and AML mechanisms of major local exchanges are becoming more and more perfect, and there are many positive actions in protecting investors' assets. As for overseas exchanges that are unwilling to land under supervision, CeFi and DeFi platforms that may violate banking laws, irresponsible NFT spam projects, and KOLs who have not done their homework, I would like to formally call on everyone to understand the importance of legality and compliance.

Looking ahead to 2024, I hope that Internet startups and the blockchain industry can become Taiwan’s “protective mountains of the country.”

Michael Ou / Founder and CEO of KuCoin Technology

• More than 500,000 CoolWallets have been sold worldwide, making it one of the world's largest cold wallet brands.

• It received NT$500 million in Series B funding, led by Japanese financial giant SBI Group, with investments from the National Development Fund, South Korean cryptocurrency exchange BitSonic, and Japan's Monex Financial Group.

O'Smith 2024 Forecast and Observation

Although Taiwan lags behind other Asian countries such as Singapore, Hong Kong, and Japan in the development of the Web3 industry, this is a huge opportunity. In the past few years, these countries have made remarkable achievements in the development of the crypto industry, especially in creating a friendly regulatory environment and attracting international talent.

Taiwan can learn from their success, such as referring to Singapore's Payment Services Act, to create a more open and innovation-friendly environment. Secondly, Taiwan is a global leader in hardware manufacturing and technological innovation, which is a major advantage for the development of Web3 and blockchain technology.

Taiwan should take advantage of this to develop hardware and solutions related to blockchain technology, while investing resources in education and training to cultivate more professional talents.

Regarding regulatory policies, Taiwan needs to establish a more clear and inclusive legal framework to promote the healthy development of cryptocurrency and blockchain technology. This includes formulating clear rules and guidelines, protecting consumer rights, encouraging innovation and investment, actively participating in international regulatory dialogues, and learning and absorbing global best practices, which will be crucial to the development of Taiwan's Web3 industry.

In addition, Taiwan's Web3 ecosystem and community activity are still in their infancy compared to neighboring countries, but Taiwan has demonstrated strong innovation potential in the fields of DeFi and Dapp. The key is how to transform this potential into actual international influence, which requires strengthening infrastructure construction and strengthening cooperation and exchanges with the international community.

Finally, the most important thing for Taiwan is to find a development path that suits itself. Although it is important to learn from the experience of other countries, it is more critical to formulate innovative strategies and policies that are in line with its own characteristics based on its own unique conditions and advantages.

This includes not only innovations in technology and markets, but also innovations in legal and regulatory frameworks. In short, Taiwan has great potential in the development of Web3 and blockchain technology. By learning from international experience and combining our own advantages, we expect to see more impressive breakthroughs in the development of the entire market in 2024.

Nicholas Yang / Former head of Cathay Financial Holdings Web3 team

• In 2023, the first digital asset department in Taiwan's financial industry will be established to plan, develop, and execute security token issuance business. At the same time, through the HBAR Foundation, it will cooperate with Shinhan Bank of South Korea, Tech X of Siam Commercial Bank of Thailand, and Standard Bank of South Africa in stablecoin transfer experiments.

• In 2022, the Property Insurance Alliance Chain will be organized, inviting 14 property insurance peers in Taiwan to exchange claims information on the chain, and approved by the Financial Supervisory Commission as the official operating procedure for claims business

• Nicholas previously led the blockchain team at Cathay Financial Holdings, driving digital transformation and establishing electric vehicle Internet of Vehicles blockchain and global trade sharing blockchain.

Yang Junshu 2024 Predictions and Observations

I expect that in 2024, we will see more business models that combine digital assets blossom and bear fruit. International financial institutions have quietly invested resources in preparing for related businesses and have trained their own teams to develop infrastructure for many years. As long as decentralized identity and centralized Web2 are complementary, institutions and consumers can simultaneously experience the impact and convenience of new markets and new business models.

In the past two years, global cryptocurrency, personal information, and anti-money laundering regulations have been continuously improved to meet the needs of the Web3 market. Coincidentally, AI infrastructure has made a significant leap forward. Combined with blockchain technology, it will surely help the Web3 industry evolve.

Chang-Wu Chen / Chief Scientist of imToken

• Responsible for Tokenlon DEX business, and also leads the imToken Labs team to be responsible for technology research and development. Since its establishment, imToken has helped more than 10 million users enter the blockchain and benefit from blockchain payment applications.

• Chen Changwu is the first official Ethereum Foundation researcher in Taiwan. At the 2023 ETHTokyo hackathon, he was the only Taiwanese team to win the finals.

Chen Changwu 2024 Predictions and Observations

In the past year, with the rapid development of abstract account wallets, more experience-based wallets will emerge.

Technically, we will also see more discussions on abstract account modularization and native abstract accounts, which are expected to be born in payment-related applications. The StarkNet ecosystem is expected to grow in 2024, and native abstract accounts can also be experienced on StarkNet. It is expected that the progress of zkEVM and the exploration of MEV applications related to privacy payments will continue to affect the design of Bridge/DEX/Intent-centric protocols.

Yenwen Feng / Co-founder of Perpetual Protocol

• Perpetual Protocol is one of the world's largest Defi derivatives service protocols today. Its V2 version has been released on Ethereum's second-layer solution Optimism, providing a faster and cheaper DeFi experience. Since its launch, it has facilitated more than US$70 billion in on-chain transaction volume.

• Received investment from several of the world's top Defi capital institutions, including Multicoin Capital, Three Arrows Capital, CMS Holding, Alameda Research, etc.

Feng Yanwen 2024 Predictions and Observations

1. As Rollup and parallel processing technologies mature, the threshold for blockchain development will be lowered. In 2024, we will see more applications using their own App Chain or more cross-chain functions to create richer services.

2. DeFi’s system design has entered a mature stage, and the focus of future competition will be on how to improve user experience to attract non-professional retail users

3. If interest rates in 2024 are lowered as expected, the inflow of funds from the cryptocurrency market will bring in a new wave of blockchain investors, making this bull market even bigger than the last one, and more ridiculous investment stories will happen again.

Taka Taka / Chairman of the Blockchain Enthusiasts Association

• Co-host Taipei Blockchain Week 2023, Funding the Commons International Public Finance Forum, and co-host Solana Hacker House 2023 and other international events. As well as decentralized Quadratic Voting, advocacy of privacy computing andZero knowledge proof (Zero Knowledge Proof) and other technologies are important.

• Since 2020, we have applied to operate N24 Taipei Ark, a blockchain startup incubation base under the Taipei City Industry Bureau, and have become an important demonstration and verification site for digital technology in Asia. This year, we hosted the first Web3 Youth Reserve Cadre Internship Program and the first ZK BuidlArk Hackathon.

Takasaki Jun 2024 Predictions and Observations

This will have a magnetic effect on existing Web2 startups, and more financial technology and marketing technology startups that used to belong to the Web2 field will introduce blockchain, Web3 and NFT technologies for empowerment.

Web2 technology giants or investment institutions (CVC) enter the Web3 application field, such as investment, mergers and acquisitions, or technology transfer, to help their own business innovation in a strategic way. More public chain projects or international exchanges come to Taiwan to establish Web3 ecological funds, provide more developer tools, and reward infrastructure services.

Albert Lai / Founder of BitTaiwan

• As one of the earliest miners in Taiwan in 2017, we entered the mainland mining market and are the only Bitmain authorized maintenance manufacturer in Taiwan.

• Founder of BitTaiwan, manages three mining farms and owns nearly a thousand mining machines.

• Chairman of China Cryptocurrency Industry Association

Lai Ruihong 2024 Predictions and Observations

2024 will be a year of both opportunities and risks. With the end of the interest rate hike cycle due to the decline in inflation, as well as the short-term interest rate cut cycle, the market has ushered in a positive narrative from the bottom. As a relatively conservative mining circle in the cryptocurrency circle, we see the Bitcoin halving in April next year and the delivery of new machines to large miners in January next year. Market competition will become increasingly fierce.

Coupled with the reversal of the business inventory cycle, there will be a small bull market for a period of time when demand increases but the supply side fails to respond in time. However, the black swan that needs special attention is that the current environment is very similar to the repeated inflation in the United States in 1980. At that time, SEC Chairman Paul Walker raised interest rates, lowered interest rates, and raised interest rates again until 20% before inflation was completely eliminated. Therefore, if there are two interest rate hikes, it will have a significant impact on the market.

There are stories in the cryptocurrency market every year. Let me talk about the waves I have experienced, including FOMO3d, ICO chaos, CryptoKitties, dividend platform coins led by Fcoin, Defi led by Sushi and Pancake, various NFTs, Doge, Shib Zoo, Sand Metaverse, Play to earn spaceships, running shoes, and now the most recent Bitcoin inscription... There is no shortage of 10x coins and 100x coins in each of the waves mentioned above.

The market is never short of topics and news. The key is to survive to have a chance. May the coin, mining and blockchain circles continue to build in 2024. May the cryptocurrency industry prosper.

Leo Peng / Chairman of Taiwan Blockchain University Alliance

• The University Alliance currently has 30 official clubs/laboratories/research center members from universities across Taiwan. It works in four major areas: connecting industry and academia, research and education, career development, and international exchange. Every year, it leads tens of thousands of students and members of the public to understand blockchain and its applications, and promotes blockchain education and anti-fraud.

• The University Alliance is well-known in the industry and academia for its famous focus reading clubs, including the blockchain financial law reading club, the smartcontractPractical Reading Club, On-chain Data Research Reading Club; the Alliance became a member of the United Nations UNFCCC and its YOUNGGO in 2022, contributing to the promotion of climate action issues.

Peng Shaofu 2024 Prediction and Observation

The continued entry of traditional finance and the deepening of global compliance with laws and regulations are obvious and important variables in 2024, which are large enough to affect the market trend of the so-called half-year reduction.

From VASP, existing projects to various innovative projects, we must consider the price and cost of pushing Web3 out of the circle; veterans and newbies must also keep these factors in mind, and continuous learning and self-improvement is the hard truth.

Social KOL Influential Figures List

Majidage／The first NFT collector in Asia, leading multiple Defi projects of ApeCoin and XYZ

• From Mithril Coin in the ICO wave in 2017 to CREAM in the DeFi Summer, Huang Licheng has always been at the forefront.

• NFT market giants, who once held hundreds of BAYCs, have long dominated the NFT exchange Blur points reward list.

Big Brother 2024 Predictions and Observations

ETH TO ＄15,000

Chris Chang / mr. Block – Founder

• "mrblock" is one of the earliest well-known self-media representatives in Taiwan that promoted topics such as blockchain and DeFi.

• In 2023, it invested in and participated in many projects, including Puffer (LSD), Prisma (LSDfi), public chain Zetachain, Berachain, Flooring, Highstreet, chain game Zeeverse, stablecoin Ethena... etc.

• Curve.Fi evangelist, runs the largest Chinese community of Curve.

Chris 2024 Predictions and Observations

1. US economic recession and the launch of Bitcoin ETF:

The United States is expected to enter a recession in the first half of 2024. However, the same period may also see the first launch of a spot Bitcoin ETF, which is expected to bring more than hundreds of millions of dollars of investment into the Bitcoin market in the first quarter.

2. The rise in Bitcoin prices:

With the launch of spot Bitcoin ETFs and its appeal as a “hard currency” alternative, Bitcoin prices could reach an all-time high in the fourth quarter of 2024.

3. Changes in CEX market dominance, DEX takes over: expectedBinanceThe market capitalization of stablecoins such as USDC and USDT may reach record highs as the leading position in spot trading may be lost. Decentralized exchanges also have the opportunity to gain more spot trading market share.

4. Impact of global economic factors: The long-term trend of de-dollarization and the role of cryptocurrencies in this change will be the focus of discussion in 2024. Bitcoin and other digital value storage tools may play an increasingly important role in the transformation of the global financial system.

5. Development of first and second layer blockchains: Ethereum is expected to continue to develop in the smartcontractAt the same time, the growth of second-layer scaling solutions will accelerate, with platforms such as OP Stack, Polygon CDK, and Arbitrum Orbit taking center stage, making blockchain solutions more customized and likely leading to an increase in chains differentiated by sector or function.

Bonnie/Founder of Bonnie Blockchain

• A popular Chinese blockchain Youtuber, his channel has been viewed over 7.3 million times.

• In 2023, the channel launched a blockchain program called "Coin Circle Battle". Think of it as a coin version of the millionaire quiz competition program. This program combines my media expertise and passion for topics in an entertaining and professional way to make more people interested in the coin circle.

Bonnie 2024 Predictions and Observations

1. Traditional finance’s attention

Currently, the industry is paying close attention to the layout of traditional financial institutions in the cryptocurrency circle. The progress of the US Bitcoin and Ethereum spot ETFs, the Bitcoin halving narrative, and the US Federal Reserve's decision all determine the strength of the next bull market. The market has accumulated a lot of good news. Although we are very much looking forward to the market potential in 2024, we must still remain cautiously optimistic.

2. Compliance supervision

Security and regulatory compliance in various countries will definitely be the focus in 2024, not only to strengthen trust in the industry, but also because of the increased demand for cryptocurrencies from institutions, and the entry of institutions requires close cooperation with regulators. It is expected that the direction will be clearer, helping the industry to continue to progress.

3. Bitcoin ecosystem explodes

The consensus of the Bitcoin chain is very strong. The rise of Bitcoin inscriptions not only brings wealth effects, but also arouses people's interest in Bitcoin's infrastructure and application innovation.

4. RWA physical asset tokenization

We may see more tokenization of physical assets, whether it is real estate, securities, intellectual property, carbon rights, stablecoins, there should be more interesting ways to play, providing investors with more liquidity and options. If the bull market we expect happens as expected, there will be more interesting and mind-blowing things in the market, GameFi, SocialFi, and Layer 2 are just a few examples.

If 2023 is the year when everyone is preparing, then 2024 should be the moment we have been waiting for, when everything will come to fruition.

JZ / Founder of JZ Invest, operates the largest Notcoin guild in Asia, JZ Invest sharing and communication group

Focus on sharing investment research content and Alpha trading opportunities in the primary and secondary markets of blockchain. Strive to contribute to the blockchain industry and influence the market to develop in a healthy direction.

JZ 2024 Forecast and Observation

BTC ETF forces traditional financial investors in the United States to allocate a small amount of funds to BTC. After a while, the rise of BTC will make other traditional financial investors more FOMO, thereby pushing up the prices of BTC and cryptocurrencies. It is expected that the price of BTC will reach at least 100,000 US dollars before the end of 2024, and usher in a violent bull market in 2025.

In terms of the overall economy, the risk asset market has been rising all the way, but then plummeted due to black swan events such as war, corporate and even national bankruptcies, but the risk asset prices will rebound due to the loose monetary policies of global governments. In the process, people gradually distrusted the centralized government, the concept of blockchain gradually became popular, and the consensus on cryptocurrency became higher and higher.

Tiffany Lai / TBW Conference Director、 Bu Zhi DAO 创始成员

• Head of NFT/Enterprise/Asia Growth at Ava Labs, responsible for leading global marketing strategy and execution across various verticals.

• Conference leader of Taipei Blockchain Week, dedicated to bringing local and internationalCommunityGathered together to highlight Taiwan’s potential as Asia’s cryptocurrency hub.

Tiffany 2024 Predictions and Observations

As we slowly emerge from the bear market as 2024 begins, the Web3 landscape is expected to experience significant growth, with Asia at the forefront of this shift. Starting in 2023, we see significant resources being invested in the region, giving Taiwan the opportunity to become a key entry point for the Chinese-speaking market. This strategic focus on Asia highlights the region’s growing importance and potential in driving innovation and adoption in the Web3 space.

In the commercial sector, enterprise and institutional adoption is about to surge. Years of foundational work and strategic deals are solidifying, marking the year 2024 when these collaborations will surface. This trend marks the wider acceptance and integration of Web3 technologies in various fields, heralding a new era of efficiency and innovation for enterprises and financial frameworks.

The gaming industry is poised for a positive shift as Web3 games gain unprecedented popularity. Highly anticipated AAA games from studios led by seasoned industry veterans are expected to attract a large user base and push Web3 gaming into the mainstream.

NFTs will redefine digital interaction and ownership, transcending art and collectibles to become an integral part of everyday infrastructure. I believe NFTs will be more seamlessly integrated into a variety of applications, including digital collectibles, ticketing, loyalty programs, and fashion, making their presence known through consumer-facing but cleverly integrated experiences. This evolution reflects a mature understanding and application of NFTs, highlighting their potential to provide more personal and interactive digital experiences.

Ultimately, I’d like to call 2024 the year of true adoption, when the promise of Web3 becomes more than conceptual and tangibly integrated into everyday life. This maturity reflects the culmination of years of development, experimentation, and refinement, and marks a milestone in Web3’s journey from niche interest to a fundamental component of our digital future.

tsucccc Zhou Zijun/ CEO of DA Capital

DA Capital was founded in 2022 and is committed to building a high-quality financial community and trading team. The team members are composed of various financial professional analysts, such as the top 100 traders of Binance, the world's largest exchange, well-known foreign exchange traders, and graduates of top American business schools, hoping to create a better financial education and investment research organization.

Zhou Zijun 2024 Predictions and Observations

In 2024, I think my prediction will not be about the price of Bitcoin or which public chain will surpass whom.

Instead, I think we should focus on the war among exchanges. As the pace of compliance progresses faster and faster, the war among exchanges will become more and more intense. So I will personally choose to pay attention to more platform coins to see if I can achieve a critical hit through platform coins.

Founder of BrainBroCrypto / Chill Blockchain

• A popular Youtuber in the Chinese blockchain field, with a total channel viewing volume exceeding 7.5 million times.

• The creation of a new beginner teaching platform "Chain Intern" is dedicated to popularizing the basic knowledge of blockchain and industry analysis.

Brain 2024 Predictions and Observations

I am actually quite confident about this round of bull market, but I often tell my friends not to trust the market predictions of cryptocurrency YouTubers. I happen to be one of them... So it is better for everyone to refer to them with caution or even not at all, because some of the following market predictions may be completely wrong:

1. Bitcoin may break through 60,000 before the halving. The reason is that the Bitcoin spot ETF is exaggeratedly underestimated. If the ETF is successfully passed in January, it will be the first time in history that Wall Street funds begin to seriously invest in the cryptocurrency circle. Moreover, Bitcoin is only 15 years old, and Buffett is 97 years old. This industry is still young and has huge potential.

2. The halving is a Sell The News event. If the Bitcoin spot ETF is approved in January, institutions will use the halving in April to help hype the market. This is one of the reasons why I think the growth rate is high from January to April. On the contrary, after April, it may face Sell The News. (Supplement: The premise is that the ETF is approved as scheduled)

3. Despite the overall medium- and long-term bullish outlook, there will still be several major pullbacks. One of them will be around when Bitcoin MVRV is 2.4, with a price of around 52,000. The reason is that this is how the past two rounds of 2016 and 2020 went.

4. Q1 ETH 生态包含 L2 在内被特别关注，原因是以太坊 EIP 4884 坎昆升级的利好。但升级后如果没有其他利多成长动能会放缓。

5. Several Taiwanese cryptocurrency projects, led by DeFi and GameFi, have received attention from the market. The reason is that Taiwan is already strong, and many excellent teams have continued to develop in the past two years of the bear market.

6. After the Ethereum Cancun upgrade, the growth rate of other L1 ecosystems exceeded that of the ETH main chain, partly because L2 will share ETH's growth, but we are still optimistic about ETH. There will always be ETH-based whales, and more will appear in this round.

7. If the big bull market of 2024-2025 needs a core narrative, DePIN may become the "metaverse" of this round. And there is a chance to face bubble again. The reason is simple, I think this word is too cool.

Justin / Founder of J club

• Currently, there are 500 community members from Taiwan. We are committed to building an open, inclusive and dynamic community to jointly discuss the development trends, applications and investment strategies of blockchain technology.

• In 2023, we co-organized many offline events, including memeland, orderedly, TBH hackathon and TBW offline gatherings. These events provided a platform for community members to communicate and learn, allowing everyone to grow together.

Justin 2024 Predictions and Observations

1. Predict that BTC spot ETF will be approved in the first quarter.

2. Driven by capital, each chain inscription and derivative track will usher in more active development and hype.

3. GameFi will usher in a wave of popularity in the first half of the year.

4. The BTC Layer 2 track and projects combining blockchain and AI will receive attention.

5. Predict that Coinbase’s stock price will continue to rise to a new high after the correction.

6. The predicted exchange ranking will be Binance – OKX – Upbit – Coinbase International Edition.

Summary: In 2024, blockchain will still have new stories similar to 2020 Defi/2021 NFT/2023 Friend tech; the focus can be on Bitcoin halving, Ai and full-chain inscription derivatives and Layer 2 and Gamefi related currencies.

Harry Lee / Well-known Web3 YouTuber

The YouTube channel Harry Lee has 163,000 subscribers. In the early days, it was mostly marketing, but in the past two years, it has turned to sharing cryptocurrencies and NFTs. It has a large fan base in Taiwan and recently came to Taiwan to hold offline events.

Lee Harry 2024 Predictions and Observations

I remain optimistic about 2024. First, the United States will pass an ETF for Bitcoin spot in the first quarter, which will be an important milestone for Bitcoin in the long run.

Second, the Bitcoin halving will take place every four years in the second quarter, which means that the computing power of Bitcoin will reach a new height. Third, the Federal Reserve will cut interest rates three times next year, which will ease economic pressure and promote economic development. From a macro perspective, the whole year of 2024 will be good for Bitcoin. Everyone is ready for the bull market!

Cryptor / Talking Cats Invested in MurMur Cats Co-founder

• Established the podcast channel "Whispers of Millionaire Cryptocurrency Traders", which ranks first in Taiwan's commercial cryptocurrency rankings, with over 600 reviews, 4.8 stars and above, and listeners in 64 countries around the world

• The NFT community "Murmurcats" founded by him still has over 1,000 active paying members. It is currently the NFT community with the highest market value in Taiwan, and produces more than 10 investment reports every month.

Cryptor 2024 Predictions and Observations

1). In 2024, as governments around the world strengthen their supervision of the cryptocurrency industry, leading exchanges that are capable of building and supporting their own public chains and wallets will increase their resource investment. This will make the user experience of each protocol on the chain smoother through the integration of exchanges and wallets.

The competition and cooperation of centralized exchanges will also unfold between wallets and the public chains they support. Exchange wallets will benefit from exchange subsidies and have moremake moneyOpportunities will also create a one-stop wealth-creating effect of on-chain protocols cooperating with exchanges to list coins, attracting more users who originally traded purely on exchanges to various public chains, greatly increasing the number of active on-chain addresses.

2). Thanks to the integration of exchanges and wallets and the one-stop wealth-creating effect, as well as many narratives about BTC in 2024, such as whether the spot ETF will be passed, the halving issue, the development of inscriptions, and the upgrade of L2 Stacks, the BTC ecosystem has received more attention and funds. The teams and protocols that are actually under construction are expected to usher in waves of hype and corrections in 2024 along with the market narrative.

3). In addition to the aforementioned fundamental benefits of the public chain and wallet ecosystem, 2024 will be accompanied by the Ethereum Cancun upgrade, the issuance of coins in the Ethereum staking and re-staking tracks, the airdrop craze that the Move public chain is preparing to ferment, and the improvement of the TON ecological layout with hundreds of millions of Web3 traffic entrances, which will make 2024 a multi-chain happy year.

4). Following the end of 2023, more sophisticated and fun blockchain games than in the past will continue to appear in 2024, and one or two of them are expected to sweep the circle and successfully attract a large number of people in the cryptocurrency circle to pay attention to the blockchain game track. However, in the end, like benefiting from the start of the Champions League, there will be a wave of hype about fan tokens or gambling protocols. Since they cannot escape the life cycle of the game, they will slowly disappear after the hype period and fail to successfully leave a long-lasting game IP.

5). The cryptocurrency industry, which is a risky asset, has seen light at the end of the tunnel. The general manager's tightening policy has been officially relaxed. Every practitioner and investor who continues to work hard and face challenges in the bear market in 2022-2023 will reap the sweet fruits they deserve.

Edward / Founder of CryptoLand

I like to study any field of the cryptocurrency world, doing spot/contract transactions, NFT, inscriptions, airdrops... everything! I share my investment transactions or thoughts on X (Twitter) every day.

Edward 2024 Predictions and Observations

My own prediction is that 2024/April will usher in a violent bull market due to halving, the approval of the Bitcoin ETF, and the fact that those whose birthdays are in April are Tauruses, how can they lose?

The bull market just happened to appear at that time, so you won't lose no matter how you think about it. Besides, Taurus is very frugal, which means you should save money in the next few months and go all in in April, and you should be financially free.

The cryptocurrency world will be miserable in January, because I am going abroad, and the cryptocurrency world will wait for me to come back.make moneyPlus everyone will spend money to make red envelopes, so the cryptocurrency market will definitely explode!

Michaelturtle / Founder of TurtleTalk

• He founded the Turtle Talk community, often shares potential investment projects, and explores market investment opportunities with the community. He is one of the most influential cryptocurrency KOLs in Taiwan.

• In the bear market of 2022, he successfully discovered a 100-fold investment opportunity in Kaspa and served as the Kaspa ambassador for Taiwan.

Michaelturtle 2024 Predictions and Observations

1. Loose monetary policy:

Currently, the oil-gold ratio/copper-gold ratio/10Y Treasury bond rate all show signs of peaking, core PCE continues to slow down, and the federal funds rate will start to decline in the first half of 2024 without any surprise. In the press conference after the 2023/12 FOMC meeting, Powell explicitly discussed interest rate cuts, and the interest rate dot plot even gave an estimate of a 3-point interest rate cut to 4.5 ~ 4.75% next year. Next year will usher in a gradually loose monetary environment.

2. Exponential growth in the fourth cycle of Bitcoin halving:

The geometric growth in the number of users will be the key to the success of the fourth cycle turning point. 2024 will be a critical year for overcoming the original three pain points: legality/ease of use and security/consensus and popularity.

Legality: Hong Kong has opened up the application for operating licenses for virtual asset trading platforms. The SEC has recently been under increasing pressure to define the positioning of cryptocurrencies. It is expected that the US regulatory framework will be clearer in 2024, which will be a major boost to the fourth cycle.

Ease of use and security: ARKK's report mentioned that BTC applications are still unable to solve many financial problems, and it is difficult to balance security and ease of use, which makes it difficult for the number of users to grow exponentially. However, this year, we have seen the optimization of many Web3 wallets and the development of major Defi projects, which are gradually solving this pain point.

Consensus and popularity: Bitcoin ETF will be the biggest issue in the cryptocurrency circle in 2024, and the promotion of ETF will bring about the popularization of Bitcoin. As long as Bitcoin shares a small amount of old money, it can bring exponential growth.

3. Embrace new things, and speculate on new things instead of old ones: Bitcoin ecology. For projects participating in private placement in the second half of 2023, many of their development teams have turned to developing Bitcoin ecological applications. Bitcoin ecology is likely to be the protagonist in the second half of the bull market. The biggest beneficiaries behind it: miners and their major shareholders, Wall Street giants, etc. will also continue to speculate on this topic.

KAS: KAS, born in the bear market, focuses on solving the "impossible triangle". If it can complete the rewriting of the infrastructure and implement smart contracts and establish an ecosystem in 2024, its advantages such as lower energy consumption, higher efficiency and better security will become more prominent over time.

Raysky / Founder of Raysky's Small Path Investment

Lei Siji, a popular blogger in Taiwan, started to get involved in cryptocurrency in 2016, and began to share knowledge about U.S. stocks and cryptocurrency on his blog in 2018. In 2020, he was selected as Binance's official KOL "Captain Binance"

Leisiji 2024 prediction and observation

After the United States stops raising interest rates in 2023, the worst of the market will be over.

2024 will return to the interest rate cut cycle, which is the best bullish factor for the cryptocurrency market. Buying Bitcoin is the safest choice. If you have time, start researching new projects and new currencies, and you will have the opportunity to usher in a wave of wealth.

Humans are a species that can earn cognitive wealth. It will not be in vain to build up cognition in this round (which may be the last) of bull market.

Woody／Asia Pacific crypto community whale trader

Woody once set the highest key price record for Friend.tech, a decentralized social platform that became popular this year. As an OG in the Taiwanese cryptocurrency circle, he continues to operate a personal crypto community.

Woody 2024 Predictions and Observations

1. Many games will be launched next year, so we will put some energy into the games. In the past, the game cycle was relatively short because the unlimited issuance of game coins slowly returned to zero, but we can start to look at providing coins for people to short sell, for example, through contracts or loans to make short sellers liquidate their positions, which will greatly extend the life of the game.

2. Although the inscriptions have been hyped up and everyone knows about it, you can still keep paying attention to it, because the inscriptions are the money printing machines of miners. Occasionally, you can pull the head inscriptions and control the market to cut leeks, which can keep the fee income good. You can also look at the European and AmericanCommunityIs there a leader taking the lead in making his own inscription agreement? There may be a wave of violent short-term pull-ups from Europe and the United States.

3. For any coin you are optimistic about, it is more important to hold it for a long time than to hold a large position. When the market is overheated, you must remain patient. There will definitely be times when market sentiment becomes pessimistic.

Zeng Kewei/ Head of IOTA Asia Pacific, administrator of several influential communities in Asia

• Active in IOTA Chinese Community, Virtual Currency Flow Forum, Solana Chinese Community, and other influential communities

• Run the blog "Physicists Staring at the Singularity", introducing blockchain expertise from a unique professional perspective

Zeng Kewei 2024 Predictions and Observations

2024 is the year of cryptocurrency compliance.

BTC has become a compliant asset through ETFs, allowing mainstream capital to hold cryptocurrencies, and inscriptions continue to exist, but are seen as a cooling asset class.

ETH's Layer 1 (L1) network has accumulated a rich technical foundation. The cost of Layer 2 (L2) has been reduced through EIP-4844, and ZK rollup creates wealth effects through coin issuance. All of these have allowed the ETH and Ethereum Virtual Machine (EVM) ecosystem to continue to develop and accumulate.

Wallet: AA wallet lowers the threshold for users, but MPC will be the fast lane for new users to enter the cryptocurrency circle. For example, excellent projects such as OKX WEB3 wallet will continue to shine. In 2024, cooperation between MPC wallet and CEX will be the main way to bring users to the chain.

SOL continues to leverage its technological advantages through user applications such as compliant payments, such as stablecoins and VISA cooperation in various countries. DePin will continue to be an important argument for large-scale adoption, and Solana phone holders may eventually receive an airdrop of more than 60K USD.

In 2024, the ranking of the three major cryptocurrencies by market capitalization will not change, BTC will still be larger than ETH, and ETH will still be larger than SOL.

As far as the developer ecosystem is concerned, the pattern of EVM > SOL > Cosmos will not change, BTC is unlikely to have rich applications, and the adoption of new public chain virtual machines (VMs) will also take time.

Privacy public chains and applications will continue to grow, but incidents similar to the arrest of Tornado developers may occur again (such as Monero developers) and cause major exchanges to delist related trading pairs.

Stablecoin payments remain the most important cryptocurrency application, and USDT will still maintain its leading position, but there will be many excellent compliant stablecoin newcomers joining (such as USDV or Fluent USD).

Large-scale adoption still takes time. While the number of CEX registrations has exceeded 500M, the number of on-chain users is still below 100M.

The regulatory framework in the US will gradually become clearer (with various lawsuits), and Hong Kong will continue to remain at least superficially friendly to Web3; however, cryptocurrency compliance and large-scale asset on-chain may be achieved in the UAE or Singapore.

The ancient IOTA will receive formal compliance certification from the EU EBSI and obtain more than four government cooperation cases and compliance recognition in East Africa and the Middle East. Its Shimmer pilot network will implement the long-planned IOTA 2.0 consensus mechanism and token economy.

Jill Chou / Founder of CoinSchool

• Bixiu Credits is now IG's largest Chinese-language cryptocurrency novice education account. The teaching content revolves around blockchain/cryptocurrency/general knowledge, technical analysis, and major current events. It stands out with its fresh style, easy-to-understand vernacular, and systematic popular science knowledge. It also provides rich teaching resources such as online courses, novice classes, and advanced classes, aiming to solve the "information gap".

• At the end of 2023, it became the first pioneer to use its own media identity to call on industry companies to advance to Taiwan's largest traditional financial exhibition. It co-created the "Bitcoin Theme Pavilion" with 8 companies at the Taipei International Financial Expo hosted by Weekly Business Weekly, and received a high visitor volume of 10,000+.

2024 Predictions and Observations

Overall economic situation: From last year's US CPI data, we can see that the Federal Reserve has done a very good job in controlling inflation this time. The four rate hikes in the first half of last year and no rate hikes at all in the second half of the year also show that the economic cycle of rate hikes and balance sheet shrinkage has come to an end. U.S. stocks and cryptocurrencies will usher in a clear bull market, especially Bitcoin, which continued to rise slowly throughout last year. The beginning of the bull market has quietly arrived, and there is a high probability of seeing the middle and end of the bull market from this year to the beginning of next year. On the contrary, the U.S. dollar will fall a lot.

Regulations: Last year was a year of considerable growth in Taiwan's regulations. The Financial Supervisory Commission officially proposed the guidelines for virtual assets VASP in September last year. There is a high probability that they will be managed by special laws in the future, which will have a great impact on Taiwanese investors. We must continue to pay attention to it in the next two years.

In addition, the highly anticipated Bitcoin spot ETF will likely see the results of whether the U.S. Securities and Exchange Commission will approve it in the first half of this year. Approval will not only affect the price of the currency, but will also change the formality of investing in Bitcoin and indirectly affect global regulations. It is a major event that cannot be ignored this year.

Sector: The outbreak of Inscription at the end of last year has proven that new things will appear in the cryptocurrency market every time there is a bull market, and it is definitely right to rush in and play with this new thing, which has also made many people rich in the short term. Unfortunately, this sector still attracts less external funds, so this bull market is more optimistic about several sectors:

1. Layer2: Investing in infrastructure is a relatively stable approach in the cryptocurrency world, especially for the Ethereum-related ecosystem. From upgrades, talents to new systems, they all hope to be compatible or painlessly cooperate with Ethereum. This shows that there is still considerable room for growth in this field. Although the price of the currency will not be as crazy as that of small coins, its performance will definitely be good. Ethereum's growth rate is currently lagging behind that of Bitcoin. We can expect a subsequent rebound and a rise in the prices of related ecosystems.

2. RWA: Real-World Assets is simply like the securitization of traditional finance. The reason for optimism is that if the Bitcoin spot ETF is approved, it will indirectly endorse the legitimacy of blockchain technology. It will increase the flexibility of traditional finance by representing actual assets on the chain, such as real estate (houses and rental flows), loans, contracts and guarantees. There is considerable room for growth and it is also an opportunity for large amounts of external funds to join.

3. SocialFi: The last promising track is SocialFi. During a bull market, it will attract a large number of new external users to join, just like NFT in the last bull market, which requires an entry point for outsiders to join conveniently. SocialFi can effectively attract influential people to join, and profitability will prompt more Web2 influencers to financialize their influence, thereby bringing in more people to join, thus forming a new incision for external funds to enter.

Li Tingting / Founder of The Z Institude

• Since 2017, he has been developing various blockchain projects, including DeFi, NFT, GameFi, etc. He also established his own academy brand The Z Institute to train new blockchain talents.

• Founder of Taiwan's largest AI Line community "AI Tool Research Club"

Li Tingting 2024 Prediction and Observation

The promising track is the combination of AI and web3, such as opml and zkml technologies, which make the input prompt of the AI model and the output images, videos, music, etc. verifiable. A project I am currently working on, 7007 Studio, has also created ERC7007 to define the new AIGC Token format.

In addition, we are also optimistic about Web3 social applications that are closer to the real thing. We have observed that the current Web3 community discussions are actually more on Telegram, but there is a lack of Bots as easy to use as Discord. Therefore, we are working on a TG community management tool that specializes in managing high-quality communities. It can analyze the activity of group members, key points, sentiment analysis, etc. It is expected to start Alpha testing at the end of January. We hope that it can become a good helper for everyone to chase Alpha news during the bull market in 2024.

Jimmy／Cool Lab

The Youtube channel has over 100,000 followers, sharing various basic knowledge in the blockchain field and helping readers increase their income.

Kuko Lab 2024 Predictions and Observations

2024 will be a journey full of narratives, led by the Bitcoin spot ETF. I think this will also lead more Web2 institutions and funds to enter the cryptocurrency circle whose market value is still in its infancy in the medium and long term. Then we will usher in the fourth Bitcoin halving. I believe the bull market will return after the second half of this year. In the first half of the year, DCA can buy valuable assets within controllable risks. After the production cut, there will be gains in the first half of the year, and this will be one of the few big bull markets we have left.

Seize this opportunity and take off together!

Hsu Chongenlan / EM3 DAO Founder

• EM3 社群集结台湾众多强大影响力的 KOL，致力于早期发现技术趋势与投资机会，透过Community交流与调研，寻找加密货币多领域的风口

• Connect with many emerging potential international projects (Impossible Finance, GuildFi...), and enter the Taiwan market and investment community

Xu Chongen 2024 Predictions and Observations

FTX's bankruptcy case has inspired stricter regulation of the cryptocurrency industry around the world. Binance was sanctioned by the United States, and its CEO CZ has reached a guilty plea settlement and paid a huge fine.

However, this series of rectification actions heralds a more transparent and regulated market, reducing fraud and crime, and gaining more trust from investors. Looking ahead to 2024, with the strengthening of supervision, many crypto projects will face dissolution or reorganization.

The strategy of investors should be to look for projects that have strong community support, sufficient funding, and meet regulatory requirements. Even if the market is sluggish throughout the year, the solid foundation and community support of these projects will be key.

The focus of investment is on infrastructure and major applications. These projects will gain the most market benefits when the bull market returns. 2024 will also see a reduction in Bitcoin production. If the spot ETF is approved, it will bring new incremental funds to the Bitcoin market. In addition, the diversified crypto market will broaden the use of Bitcoin.

Therefore, a prudent strategy should be to continue investing, buy on dips, and patiently wait for market opportunities brought about by the halving event and ETF approval.

Benson Sun／Founder of Benson's Trading Desk

• He has won the FTX Global Trading Competition, is good at derivatives and on-chain data analysis, and is one of the most popular Asian script developers on Tradingview.

• TG Channel Benson's Trading Desk provides professional Bitcoin market analysis and current affairs discussions.

Benson 2024 Predictions and Observations

1. $SOL will break through the historical high of $260 in the last bull market, and Solana TVL will reach Ethereum’s 20%

2. Thanks to Account Abstraction technology, which greatly improves the experience of Web3 applications, ETH Layer2 will see the phenomenal GameFi project, which will surpass Axis Infinity and STEPN

3. The BTC inscription craze has brought rich commission income to miners, changing the miners' previous income model based on block rewards, and will change the miners' stock price valuation model

Lin Hongyu (Guokr) / Director of the Financial Technology Department of Hengye Law Firm

A legal expert in the blockchain field, he participated in the drafting of a special law on virtual assets this year and actively promoted the establishment of the Taiwan Cryptocurrency Industry Association. He is also the chairman of the Bitcoin and Virtual Currency Development Association.

Lin Hongyu 2024 Prediction and Observation

There is an urgent need for the whole world, including Taiwan, to develop a national strategy for Bitcoin and cryptocurrencies in addition to regulation.

Bitcoin will continue to be important in 2024, and its reach will increase, because any project (including NFT) will want to choose the most secure underlying blockchain. At the same time, the Lightning Network and Nostr decentralized social protocol built on Bitcoin are worth paying close attention to.

CryptoPaul / Founder of CryptoPaul

A full-time cryptocurrency trader who shares technical analysis knowledge, NFT market information, and in-depth project introductions

Paul in the Cryptocurrency Circle 2024 Predictions and Observations

Many important things will happen in 2024, including the Cancun upgrade, BTC, ETH spot ETFs, BTC halving, etc. These events can trigger many topics and drive up the price of coins.

I think the first half of 2024 will be a period of significant volatility. Since the end of 2023, BTC has returned to above $40,000, and the spot ETF event has been priced in.

In the second half of 2024, with the shock and wash in the first half of the year, the dealers hold their chips well. With the arrival of BTC halving, there is a chance to hit the previous historical high and welcome 2025. From the perspective of the chain, GameFi, RWA, Inscription, and ZK related tracks can pay more attention, speculate on new rather than old, ambush related currencies and wait for the bull market to break out. I wish you all a smooth investment and make a fortune!

Mr. Wang

I entered the cryptocurrency circle in 2017 and started buying $ETH at 80 U. I have been doing quantitative trading from 2020 to now. I often share information such as cryptocurrency technical analysis, new projects, etc. in the community.

Mr. Wang 2024 Predictions and Observations

Having just experienced the craze in the second half of 2023 in the cryptocurrency circle, with the accumulation of many positive news, we are about to encounter the Bitcoin halving again in 2024. Take advantage of this time to step up your homework. You must have noticed that the related currencies in certain tracks have not really demonstrated their power. Observe more and you will find gold everywhere.

Reminder: Don’t squeeze into places that are already crowded!

Steven / Founder of Small Miner Mining

He founded the "Little Miner's Mining" Youtube channel and is best at creating practical tools and value for the community. He is committed to helping community members better understand and participate in the world of blockchain and cryptocurrency.

Steven 2024 Predictions and Observations

1. Bitcoin halving expectations and reality: – 2024 will see another Bitcoin halving event, which is often seen as an important factor in driving prices higher. However, it is important to note that past trends do not guarantee future results. The market’s reaction to halving may vary due to technological advances, regulatory changes, or macroeconomic factors. Therefore, investors should pay close attention to market changes before and after the halving event and be prepared to deal with related risks.

2. The craze and innovation of derivative products: – In the last bull market, derivative products such as NFT and GameFi received widespread attention. There are many NFTs with no practical applications in the market, similar to the current popular "meaningless inscriptions" craze. Although these products may not have obvious practical value, they can stimulate market enthusiasm. In addition, some classic GameFi such as Axie from $AXS, AIHero from $BNX, and Gas Hero from $GMT are launching innovative products and gameplay to prepare for market competition in 2024.

3. Market trends and investment strategies: – The current market trend suggests that we may be entering an upward phase. For investors who seek high returns and can bear the corresponding risks, investing small amounts in derivatives may be an attractive option. However, for investors with lower risks, it is recommended to adopt a low-leverage or batch investment strategy, which can benefit from the long-term growth of the market while diversifying risks.

In conclusion, the blockchain and cryptocurrency market in 2024 will offer a variety of opportunities, but also come with considerable risks. Investors should formulate investment strategies based on their risk tolerance and in-depth analysis of the market.

Ghostly A Shui

I have been focusing on novice education and training, and look forward to providing a friendly and free environment for more newcomers who want to step into the Canadian currency field. I am also fortunate to become the Binance Captain in Taiwan this year, and have the opportunity to contribute to my favorite field.

Ghost Talent A Shui 2024 Prediction and Observation

"The darkness before dawn."

To sum up, 2023 can be said to be the year when darkness will eventually pass and dawn will finally arrive. The market has also gained confidence in the news of BlackRock ETF. Bitcoin has risen from its lows to nearly US$45,000. GameFi, Inscription, L2 and many other fields have flourished, which makes people look forward to the arrival of the market outlook. But for me, 2024 will be a crucial intersection.

From a macro perspective, the global economy has not yet improved, interest rate cuts have not yet started, and it is still a question whether the BlackRock ETF will pass. Even if it passes, it is still unknown how much traditional market funds will flow into the cryptocurrency market. Now the confidence in the market mostly comes from expectations for the "future" and is not firmly built on the fundamentals. This also means that the market in 2024 will have the opportunity to usher in extreme market conditions on both sides.

Many old investors who were brave enough to increase their positions at the low point will start to take profits in 2024 and sell their investments.Xiaobai NavigationThe capital positions are converted to light positions or even short positions, waiting for the substantial correction before the bear market to increase positions vigorously, waiting for the last chance to get on board, but many new investors have not experienced the history of bull and bear markets in the past, and their basic understanding of the market is still insufficient. The result of rushing forward may be losses far more severe than those in traditional finance, and eventually they will lose confidence in this market.

The market is realistic and bloodthirsty. Only by surviving the darkness can we have a chance to see the dawn. 2025 will be the year when the real "bull market" comes as I predict. The best preparation before the dawn is to continue to work diligently to accumulate investment capital, and to study and learn relevant knowledge about the cryptocurrency circle, so that you can earn the wealth that belongs to you on the premise of having the right cognition, and finally have the opportunity to successfully survive in the market and truly become a supporter of cryptocurrency.

Gbrother

An old Taiwanese leek, he is both a YouTuber and a podcast host, actively promoting knowledge related to the cryptocurrency world.

Gbrother 2024 Predictions and Observations

The outlook for blockchain in 2024 is optimistic, and Bitcoin is expected to surpass $69,000 again driven by the fourth halving and ETFs. DeFi continues to flourish, and the locked value of Bitcoin DeFi may increase from $300 million to 1-2% of the market value.

The NFT space is growing rapidly in the Bitcoin ecosystem, introducing new consumer use cases. The social space will see more experimental projects, and the TradFi-DeFi bridge will drive financial institutions to participate. Modular blockchain andZero knowledge proofCombined, it lowers the development threshold and provides more flexible smart contract options.

Computationally intensive applications will be transferred to the chain, and public blockchains will form a "hub-spoke" model, with small ecosystems focusing on specific vertical markets. In 2024, blockchain will be fully developed in finance, social networking, NFT and other fields, driving vitality into the global economy.

Crypto Wilson／Founder of WTC Tiger Club

• Founded the "WTC Weihu Club" Degen community, with more than 600 cooperative projects and more than 500E+ rewards

• Served as the promotion ambassador of Gate.io NFT, Hawksight.Co, AlienSwap (funded by OKX venture, Bybit venture, Solana Eco fund, Gate.io Lab), and deeply engaged in cryptocurrency projects.

Wilson 2024 Predictions and Observations

I think that in 2024 the entire market should continue to promote the BTC ecosystem, SOL ecosystem and the inscription-based hotspot strategy, accompanied by the emergence of some native new forms of protocols.

1. Since the wild growth of $ORDI in early 2024, the three meme troikas on BTC, $ORDI $SATS $RATS, have been created, bringing many new users to the currency circle (many inscription players only know how to operate OKX Wallet & OKX market, this wave of OKX ambush was very successful). However, the market value of meme has an upper limit after all, so now we can see many institutions participating in BTC ecological projects, hoping to take on more liquidity. Therefore, ambushing for golden shovels or new themes that institutions may like is also a very good opportunity.

At the same time, the new protocols and L2 derived from BTC are also worthy of our attention, such as VEDA, which introduces smart contracts into the BTC ecosystem, and BRC420, which is building the metaverse ecosystem. Because they are more novel and more local, they also give retail investors more room to intervene.

2. With the emergence of the wealth-creating effects of $JTO's airdrops, Mad Lads, $sols and other projects, there are also many old projects that are still being built and are expected to have airdrops in 2024, allowing more and more capital and technical personnel to flow back to the Sol ecosystem. Although Sol is still relatively weak in protocol innovation, the Western community's love for Sol makes me still very optimistic about its development.

3. Project inscriptions create hot spots, just like the project parties issued NFTs in 2021 and 2022 to build communities and create project popularity. Inscriptions can also focus the public on a certain chain or even a project in a short period of time. There are also novel protocols that can change inscriptions into NFTs or tokens at any time, creating a very good foundation for the cold start of the project.

In the past, airdrops may require more interactions and accumulated loyal NFT points. In the future, holding inscriptions and making inscriptions may also become one of the standards for airdrop snapshots. Therefore, being able to interact with inscriptions with official backgrounds in batches at low cost can also have good opportunities to make money. Of course, all of the above predictions may be wrong. The cryptocurrency circle is a market that pays great attention to hot spots and narratives. Staying in the market, continuously tracking hot spots and discussions, supplemented by data, I believe that no matter what the market situation is, everyone can profit from it.

There have been many wealth-making stories in the past 23 years. I believe that 24 will be even more exciting than 23 years!

Zhang Baocheng/ Co-founder of Volume Dao

Focusing on the integration of decentralized networks and art, he writes, speaks, and promotes projects on related topics, and participates in the planning of exhibitions such as "Do Machines Dream of NFT?" (2022), "Taipei Generative Live" (2023), and "Influentia" (2023).

Zhang Baocheng 2024 Predictions and Observations

After the bear market in 2023, we can see that people who want to do things continue to take action, valuable projects continue to develop, and only by understanding problems, innovating mechanisms, and grasping the meaning can they go far.

The goal of the art works, platforms and exhibitions combined with the decentralized network is the same as that of the public welfare project, which is not to grab media coverage or to seek capital accumulation, but to face the essence of things and explore the aesthetic and social values. Starting from this point, we can get rewards step by step.

Some domestic activists focus on exquisite, serious and historically significant artistic performance (my team is just one of them). Although they are on the edge of the mainstream market, they strive to take root and connect with the outside world. Now the results are gradually showing, and next year they will definitely jump higher than in previous years due to the leap in international momentum. More and deeper cross-border cooperation is the first trend.

Last year also saw the dazzling performance of AI. This is the result of many years of accumulation in this field, and it is by no means a sudden emergence. Even so, the fading of public enthusiasm at the end of the year and the steady growth of technology have also slowed down people's attention to AI. Actors who are not distracted by the spotlight and truly understand the breakthrough of AI will continue to combine decentralized networks to create new results. The closer and more organic interaction between AI and blockchain is the second trend.

We all know that the user interface and experience of Web3 have been in need of improvement. In fact, what needs to be strengthened is also the basic understanding of this field by ordinary people. "Ordinary people" is not just the general public. With the development of human rights, it will eventually expand to minority groups, from children, seniors, new immigrants to the mentally disabled. If they can also understand this field, how can the general public not understand it? More popular science discourse that is more colloquial and "easy to read" is the third trend.

Art is a field for society to conduct forward-looking experiments, and it is almost the oldest "sandbox". Here, we can promote the most classic and complex works, and let the most people know and use the public property of mankind in the simplest way. There are no national boundaries here, and cross-regional connections are its basic state.

Shuifeng Knife

One of the representative figures of Taiwan's knowledge-based internet celebrities, in addition to sharing how to improve workplace competitiveness and entrepreneurial knowledge, he also began to explain knowledge about blockchain and cryptocurrency, and actively participated in the hottest NFT and Gamefi fields.

Shui Feng Dao 2024 Forecast and Observation

I am very happy that I can influence more students through blockchain education. So far, I have taught more than 10,000 students. As a KOL and teacher in the blockchain field, I am full of passion for the upcoming 2024.

As 2024 approaches, we can see the trend in our blockchain class, which is that more people will join the blockchain field and start using DeFi, NFT, Dapp, etc. These things will become more popular.

First, dApp will become the main battlefield for blockchain innovation. As the technology matures, we will see the great potential of dApp in solving the problems of traditional centralized systems, especially in improving transaction transparency, reducing costs and increasing user control. Therefore, this will open up industries such as finance, medical care and production management to usher in decentralized solutions, thereby creating new operating models.

Next, let’s talk about decentralized finance (DeFi). DeFi is poised to disrupt the way the traditional financial industry works. By providing innovative lending, trading, and investment platforms that we have been using in the past, DeFi will not only increase the accessibility of financial services, but will also reshape people’s views on financial transactions and asset management.

As for the NFT market, it has actually expanded from the single field of art and collectibles to more application areas. In 2024, NFT will be integrated into our daily lives, and we will see more NFTs representing not only works of art, but also the ownership and use rights of real estate, luxury goods and even intellectual property rights.

Finally, I believe that blockchain technology will be combined with cutting-edge technologies such as artificial intelligence (AI) to create new application areas. This cross-domain integration will accelerate the pace of innovation and promote the application of blockchain technology in all walks of life. In general, 2024 will be a key year for the development of blockchain technology, and we will witness how it deeply affects our economy, culture, and daily life.

This year will be a year full of challenges and opportunities, with the widespread application and far-reaching impact of blockchain technology.

Co-founder of Yummy Crypto / Fomo Babies

• Co-founder of Fomo Babies, a women’s community for Web 3

• Founder of Ahegao NFT

Yummy 2024 Predictions and Observations

2023- we pre-rich. 2024 – we rich

I believe that everyone has lived in fear in 2023, but I personally feel that 2024 is going to be quite bullish because we can see that more and more different real companies and industries are joining in. In this field, we will usher in greater development and more people will see it.

Especially since I participated in this year's Hong Kong Apefest and this year's Taipei Blockchain Week, I think we are not in such a bear market as we imagined. Everyone is preparing bullets to prepare for the next battle.

I am personally familiar with the NFT space, and while the PFP narrative may not be the same as in previous years, I believe that NFTs in 2024 will see greater breakthroughs and new uses.

Zhou Yongyou/ Founder of Blockchain

A senior KOL who focuses on the cryptocurrency community is particularly optimistic about the GameFi field and meme coins, especially those on the Ethereum chain, because these two types of projects are easier to go viral and allow ordinary people to get in touch with Web3.

Zhou Yongyou 2024 prediction and observation

Looking ahead to 2024, I am excited about the prospects of the cryptocurrency market:

1. Accelerated technological innovation: We are expected to witness further innovation and maturity of blockchain technology, especially more innovative applications in the fields of smart contracts and DeFi.

2. Clarification of the regulatory environment: As cryptocurrencies gradually become mainstream, governments are expected to develop clearer regulatory frameworks.

3. Increased participation of institutional investors: Increased regulatory clarity will attract more institutional investors to enter the crypto market.

4. Integration of Cryptocurrency and Traditional Finance: Cryptocurrency is expected to integrate more closely with traditional financial markets.

5. Increased mainstream acceptance of cryptocurrencies: Enhanced public education and more practical application cases will increase mainstream acceptance of cryptocurrencies.

6. The rise of emerging cryptocurrencies: New cryptocurrencies and tokens based on innovative technologies and solving specific problems will rise rapidly. In summary, 2024 will be a year full of opportunities and challenges for the entire cryptocurrency industry.

I look forward to exploring more opportunities and growing together with my community members. Thank you for your support, and let us welcome an even more exciting 2024!

The article comes from the Internet:Taiwan Blockchain "The 30 Most Influential People": 2024 Market Forecast, Web3 Trend Analysis

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