Bidding farewell to the old and welcoming the new, the storm is coming again: Bitget celebrates the new year "Reviewing 2023, exploring 2024" AMA highlights

Compiled by: Echo, Meta Era

The event aims to carefully review industry trends in 2023 and explore new opportunities in 2024, bringing rich information and deep insights to participants.

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

At the beginning of the activity,Xie Jiayin, Head of Bitget Chinese Region and Event HostHe delivered an opening speech. Combining the theme of this Space, he reviewed the market hotspots over the past year with the guests and the audience, and looked forward to new opportunities in the crypto industry in 2024!

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

Question 1: What disruptive changes will ChatGPT bring about by setting off a modern "industrial wave"?

Professor Liu Yang, Professor at Nanyang Technological University, Singapore and Co-founder of MetaTrust & ScantistHe took the lead in speaking on this topic.SafetyResearch in application areas, using ChatGPT simulationSafetyThe work of auditors shows us how to transform a general model into an expert model.

Regarding this topic,Kevin, Partner at CGV Asia Starting from the two tracks of ToB and ToC, he pointed out that Web 3.0 can provide better incentive models for these two tracks. He paid special attention to the direction of distributed computing power and believed that if AI Combined with physical devices and the influence of Web 3.0, it will attract a large amount of capital inflow.

Under the same theme,Meta Era co-founder Vito He added insights, emphasizing that although tools themselves do not have intelligence, they can be seen as extensions of other parts or capabilities of the human body. AI While promoting the development of the Web 3.0 Agent, they are also optimistic about the decision-making process of AI in Web 3.0, believing that AI can help solve many problems caused by centralization.

Question 2: What are your views on the subsequent development of Blur and the entire NFT market, as well as the NFT liquidity feast?

Tommy from Bitget Research Institute Regarding the topic of "Views on the subsequent development of Blur and the entire NFT market, as well as the NFT liquidity feast", he shared his views on the product strength of Blur and the future development of the entire NFT market. He not only agreed with the view that "asset liquidity comes first", but also pointed out that airdrops may become one of the most certain wealth opportunities in 2024.

Question 3: In the context of the bank trust crisis, FTX collapse andBlockchainHow to protect assets in the context of a dark forest full of crisesSafety? How do you view the depegging of mainstream stablecoins such as USDC, USDT, and DAI under extreme events and FUD?

Roger Zhang, Founder of Substance ExchangeI believe that to discuss asset security, we must first start withexchangeHe talked about the nature of the blockchain and stressed that what we need more is a reputable audit company that can protect user assets while taking only acceptable risks in exchange for returns. He believes that liquidity should be released to support the growth of the ecosystem, rather than being tied up in a bunch of inactive cold storage.walletmiddle.

Question 4: Ethereum Shanghai upgrade is an important step in Ethereum’s transformation from PoW to PoS. How will the market landscape of Layer2 evolve after Dencun upgrade?

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

Jan Chan, Vice President of Business and Head of Hong Kong, KunHe believes that every technological upgrade is an improvement in everyone's efficiency, productivity and production relations. He predicts that after the Dencun upgrade, the total volume of the second layer (Layer2) is expected to exceed the first layer (Layer1) in the next one or two years. As for the in-depth development of Layer2, he believes that it is necessary to observe the future upgrade of Ethereum and whether each market situation can attract more new players in the traditional financial field to join.

Question 5: The Hong Kong government has sounded the clarion call to support the development of Web 3.0. What will it mean for Hong Kong?cryptocurrencyWhat are the prospects for industry development?

In response to the recent announcement that the world’s largest Bitcoin Summit will be held in Hong Kong in May,Huang Junlang, co-founder and CEO of Gaonuo International AcceleratorHe expects that in 2024, Hong Kong will host more and more international events. He also hopes that the SAR government can set up more matching funds to attract large technology companies and public chains. In addition, Huang Junlang also triggered a thought: If Hong Kong launches its own stablecoin, in addition to transactions in the virtual market, what potential application scenarios will it have in the real economy?

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

Chris Lee, co-founder of Merkle 3s Capital Mentioning the differences between the approval of Hong Kong ETF and US ETF, we also look forward to the new development direction of Hong Kong's Web 3.0 after the Hong Kong government blows the horn of Web 3.0 development.

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

Bitget Wallet CEO KarryMeme coin is considered as a real RWA (Real World Asset), emphasizing its ability to transform social hot spots into tradable assets. Victor, chairman of the board of directors of Triangle Technology, emphasized the friendliness of Meme coin's issuance mechanism to ordinary users, and looked forward to the potential of combining Meme coin with Depin. Wang Zhizhong, the Chinese ambassador of Velo Protocol, emphasized the participationCommunityRegarding the importance of exploring opportunities,CommunityParticipation builds valuable experience and helps seize opportunities.

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

Runnie Shang Silin, co-founder of EMC labsHe regards BlackRock's application for a Bitcoin spot ETF as a major breakthrough and a major contribution to the entire history of crypto assets. He mentioned that without the lawsuit between Grayscale and the SEC, the realization of a Bitcoin ETF might still be out of reach. He believes that Hong Kong has a latecomer advantage in ETFs and supports the creation of physical assets.cryptocurrencyIndex funds can provide more value than US spot ETFs. In addition, the realization of Bitcoin ETFs not only provides a larger investment channel for Bitcoin, but also has a positive impact on the entire Hong Kong ETF ecosystem and active strategy funds including them.

Question 8: The SEC is frequently wielding the sword. What do you think of the lawsuits between Grayscale, Ripple and the SEC?

Ren Junfei, founding partner of Red Bank FundI think we can learn from the lawsuit between SEC and Coinbase.TokenDefined as securities by the SEC, they are subject to extensive regulation, which is the core of our discussion of the Grayscale, Ripple and SEC lawsuits - the definition of token types. From another perspective, this is also the definition of investment and speculation. If a token is considered to have intrinsic value and is expected to pay dividends in the ecosystem, similar to an investment in a listed company, it means that it will be regulated; but if a token is considered to be only suitable for speculation and lacks inherent value, then it will not be regulated by the SEC.

Question 9: Regarding the airdrop of the Tia project, how do you view getting rich through airdrops, and how does it affect the future development of the project itself?

Tommy from Bitget Research InstituteHe said that airdrops may be one of the most certain wealth opportunities this year. Take Tia as an example. First, it has a technical background and political correctness is guaranteed. Secondly, its wealth effect is significant. Users who participate in airdrops and stake Tia have earned at least 20 times the profit they have earned so far. He predicts that there will be many Tia-based tokens in the future.TokenApplication layer projects of Tia may provide a portion of airdrops to Tia’s pledgers to attract traffic and obtain seed users. He also pointed out that if the market is flooded with “golden shovels”, the value of the golden shovels themselves will depreciate.

Question 10: Can RWA become a super entry point for new funds to enter the crypto market by improving the liquidity and composability of real assets? What are the possible innovations in the future? How should we view regulatory and compliance issues?

MUA DAO Dr. Blackey, CFO and co-founder of Emphasized the decentralization nature of RWA, which aims to improve the liquidity of physical assets and optimize regulatory services. Harry, founder of Snowballx, discussed the composability of RWA from the perspective of private equity (PE). Thomas, initiator and secretary general of the RWA working group, emphasized the importance of selecting projects that can be standardized, institutionalized and promote compliance, especially the application of stablecoins and RWA technology in cross-border payments, because this can simplify the investment process, improve capital efficiency and turnover speed, and thus increase market liquidity.

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

Bitget Wallet CEO KarryFrom the perspective of users or investors, this round of meme craze represented by Brc20 is actually a derivative of Meme coin.CommunityIn terms of construction, they all clearly bear the strong characteristics of Meme coin.

Zheng Yushan, founder of Waterdrop CapitalHe believes that inscriptions have completed their historical mission to a certain extent. Although there are still endless agreements and various inscriptions emerging, he believes that it is difficult for new inscriptions to surpass the current leading position.

PSE Chief Analyst Tim 强调，铭文最大的创新在于其资产属性上的创新。简而言之，就是在资产规模较小的时候，其交易方式类似于 NFT，流动性相对破碎，但易于操作。而当其规模扩大后，能够通过上市的方式将其资产属性转变为同质化Token形式，从而实现良好的流动性和较高的交易量。因此，他认为铭文在资产属性上的创新是相当可取的。

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

LD Capital Partner JoyShe proposed that the trend of Sol's price depends largely on the overall market, especially the annual trend of Bitcoin and when Grayscale's market influence ends. She expects the market to usher in a big rally this year, although it is currently in a correction period and the market is looking for a bottom. She pointed out that once this process is over, the market is expected to usher in a larger-scale rally, although it may not be comparable to the large-scale release of funds in 2021. As for the Solana ecosystem, she said that it is one of the most promising ecosystems in this round of market, especially the Depin ecosystem and Meme ecosystem that have been hyped, including the inscription ecosystem, which is expected to continue to perform well this year.

Question 13: Please share the investment opportunities that deserve special attention in 2024.

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

LD Capital Partner Joy I believe that in the current industry, timing is more important than stock selection. In today's FOMO-filled environment, the most important thing is to maintain continuous investment and hold on to the chips in your hands, especially in the dark period before dawn. Even if the price fluctuates violently, you will not be easily washed out. Of course, this requires the selection of excellent investment targets, and Bitcoin is undoubtedly one of them.

Xu Ke, an early Bitcoin code contributorComparing the current Web 3.0 industry to the era full of opportunities in the hit TV series "Flowers". "What we love is not the flowers, but the era full of opportunities." She believes that the Web 3.0 industry in the past decade is like the stock market in the 1990s. The approval of the spot Bitcoin ETF and the continuous mainstreaming of the Web 3.0 industry indicate that opportunities always exist.Xiaobai NavigationWhat is important is not the temporary win or loss or the lead, but the continuous participation and not leaving the track.

The perfect ending of this AMA is inseparable from the profound and detailed speeches of the guests, which gave us a deep insight into the development of the industry and made us feel the passion of the bull market. I believe that under the guidance of the Web 3.0 era, technology will continue to bring more positive changes to society. I look forward to the future road, we will continue to move forward hand in hand and explore the infinite possibilities of the Web 3.0 era together!

The article comes from the Internet:Bidding farewell to the old and welcoming the new, the storm is coming again: Bitget celebrates the new year "Reviewing 2023, exploring 2024" AMA highlights

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