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 andBlockchain黑暗森林充斥危机的背景下，如何保护资产安全？如何看待 USDC、USDT、DAI 等主流稳定币在极端事件和 FUD 下的脱锚情况？
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 labs视贝莱德申请比特币现货 ETF 为重大突破，认为它是一次对整个加密资产历史的重大贡献。他提到，如果没有灰度公司与 SEC 的官司，比特币 ETF 的实现可能仍然遥不可及。他认为香港在 ETF 方面有后发优势，支持实物创建的加密货币指数性基金相比美国现货 ETF 可提供更多价值。此外，比特币 ETF 的实现不仅为比特币提供了更大的投资通道，也对整个香港的 ETF 生态和包括他们在内的主动策略基金带来积极影响。
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 Institute表示，空投可能是今年确定性最高的财富机会之一。以 Tia 为例，首先它具有技术背景，政治正确性也得到了保障。其次，它的财富效应显著，用户通过参与空投并质押 Tia，持有到现在的收益至少达到了 20 倍。他预测，未来会有许多基于 Tia 发行代币的应用层项目，这些项目可能会提供一部分空投给 Tia 的质押者以吸引流量和获得种子用户。他还指出，市场上如果「金铲子」泛滥，那么金铲子本身的价值就会贬值。
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 的 CFO 兼联合创始人 Dr. Blackey 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 Karry从用户或投资者的角度出发，认为以 Brc20 为代表的这一轮铭文热潮实际上是 Meme coin 的一个衍生。无论是从文化概念、传播性，还是社区构建上，都明显带有 Meme coin 强烈的特征。
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 He emphasized that the biggest innovation of Inscription lies in its innovation in asset attributes. In short, when the asset scale is small, its trading method is similar to NFT, with relatively fragmented liquidity but easy to operate. When its scale expands, it can transform its asset attributes into a homogeneous token form through listing, thereby achieving good liquidity and high trading volume. Therefore, he believes that the innovation of Inscription in asset attributes is quite desirable.
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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