"The market is very bearish, Singapore is very hot, and Web3er is very busy."
Original title: TOKEN2049 Memoirs: The carnival ends, the memory lasts forever
Organized by: Foresight News
In mid-to-early September, TOKEN2049 and up to 500 surrounding activities were held in Singapore. More than 10,000 Web3 enthusiasts and industry experts gathered here. Through communication, sharing and learning on the same frequency, they collided with colorful sparks of ideas and win-win cooperation. possibility.
Let us follow the participation experience of 60 industry OGs, Twitter influencers, project parties, institutions and many participants, learn about their experiences and insights in TOKEN2049 and surrounding activities, and draw inspiration and thinking from them.
WhiteForest, co-founder of Foresight Ventures: What is certain is that more and more power runners are entering the Asian market. The popularity of 2049 contrasts with the desertedness of Consensus . As the market enters the bottom, the remaining practitioners are more determined and united.
Yu Wenshuai, founder of Foresight News : Listen less, talk less, and cultivate more land. If no one opens up wasteland, don’t try to build a bridge to the sky.
Zhou Zhou, deputy editor of Foresight News : By 2049, Web3 games will be as fun as VR games; by 2049, we can all use stablecoins to hail taxis on Grab; by 2049, Bitcoin will become the second largest currency in the world By 2049, data rights will become a person’s most important right, power and asset. By 2049, Nasdaq will decline, and the Crypto version of Nasdaq will become one of the most important financing methods for enterprises. ; By 2049, stocks that were born 400 years ago, and tokens that were born 40 years ago, will be regulated and assimilated; by 2049, except for a few countries, people's digital assets will be as unimpeded as today's digital information... ...Token2049 in 2049. When we meet again, everyone will be old.
Chloe, Brand Director of Foresight News : Different from other Asia-Pacific conferences this year, TOKEN2049 has closer contact with many European and American projects. Listening to their thoughts on the Chinese and Asia-Pacific markets has also made us more certain about what we are doing, basing ourselves on the East and linking things.
CZ: After the collapse of FTX, Singapore’s attitude towards Crypto has become more conservative, but overall it still maintains a relatively friendly attitude towards Crypto.
Gracy, Managing Director of Bitget: I am very happy to come to 2049 in Singapore again. A year ago, FTX was still there, and there were more people outside the industry watching the excitement at the 2049 conference; this year it is more bearish, Liquidity is thinner, and I feel a clear ebb. But Bitget was born from a unique belief - "Be the 10% who stick to it after the tide ebbs." Unlike those exchanges that rise quickly and die quickly, we are more like a marathon runner. Continue to hold on and hope to see another bull market next year!
Bitget Wallet CEO Karry : A bad system cannot sustain a failure. A good system can support countless attempts and only needs one success. Web3 is obviously a good system and everyone is still passionate about it. Try to do something that is theoretically true but has not yet happened in reality.
Justin Sun: In the next 10 years, the largest daily application scenario of encryption technology and blockchain technology will still be stablecoin payment transactions. I believe eventually most people will use stablecoins and blockchain without even knowing all these technical details. This means tens of millions of transactions need to be processed, so we need to have a very powerful blockchain as the core infrastructure.
Shenyu, co-founder and CEO of Cobo: Despite the bear market, many people came to Token2049 this year. Not only were there many people in the industry, but they also met many new faces from outside the circle. They generally have strong learning abilities and are full of curiosity about Web3. , when looking at some new opportunities in Web3, especially the GameFi track, these entrepreneurs with Web2 background have a natural advantage. The entry of a large number of traditional institutions will bring a new wave of industry growth.
History tells us that every new opportunity that arises is the result of the development of the underlying infrastructure. Therefore, from the perspective of the industry as a whole, with the development of the underlying infrastructure and the launch of the second-tier network, private keyless wallets based on MPC technology and AA smart wallets on the chain will become popular, which will greatly improve the user experience and lower the user threshold. , thus bringing a large number of new users. Currently, Cobo is also working on improving the wallet business of user experience, hoping to bring incremental users to the industry. Once new players come in, DeFi TVL may reach new highs.
Ben, founder & CEO of imToken: The Singapore regulator has also launched a framework for future governance. It is very worth looking forward to the stable currency being accepted by the general public. Stable coins issued through compliance supervision can bridge the traditional card organization network and the decentralized distributed ledger network, thereby leveraging the respective advantages of the two networks.
Jeff Ren , Partner at OKX Ventures : The development and growth of the encryption industry and Web3 originate from the community, so community and ecosystem building are the focus of our efforts. While we hope to amplify the voices of Asian builders, we also hope to bring more Ethereum voices and Gitcoin spirit to the Asian market, allowing people of different languages, cultures and backgrounds to participate.
Da Hongfei , founder of Neo : "Only when we are awake, genius truly dawns." There is no point in waiting for a bull market. No need to wait for Godot, be the one who climbs until the lightning strikes.
HashKey Group COO Livio Weng: The significance of Bear Market's participation in the exhibition is to tell everyone that it is "still alive". Of course, this is also very important.
Evans , Partner of Arcane Group : TOKEN2049 once again proves that Web3 infrastructure has reached a stage of maturity. We look forward to discovering more application-level innovations in the bear market and exploring new growth engines for the industry.
Ciara Sun , founder of C² Ventures : I am very happy to work with Token 2049 to contribute to connecting the Eastern and Western markets, connecting tradition and Web3. Cherish the time given by the bear market and we will continue to work hard to empower early projects.
James Wo , founder of DFG and co-founder of Jsquare : The industry is still facing challenges, but we have witnessed that more and more Builders are pushing the industry forward. We will continue to uncover and support undervalued “gems.”
FC, founding partner of SevenX Ventures : "Is there anything new in the industry?", "Will there be large-scale applications in this cycle?" New things in the industry are all lurking in the real Build developer community. Instead of asking, it is better to go to the real thing. Explore, don’t be the last bystander to be notified by the media. Good applications are lurking in products that have already been tested. Instead of asking, it’s better to experience them one by one. The variables are actually already quietly accumulating and gradually taking shape.
Audrey Tang , founder of DRK Lab: The three major global conferences were held at the same time, but the core team members of many important projects came to Singapore. The importance of the Asian market is reflecting, and many European and American teams missed the grand event in Hong Kong in April this year and do not want to miss it again. Singapore: The quality of various side events is very high. You can choose to participate in any field and topic you want to focus on. Of course, it also caused everyone to rush between various venues. The road closures and traffic jams near F1 are also a rare experience in Singapore.
Warren Fang, Partner at ArkStream Capital : Participants come from all over the world. At many events, less than 50% of the participants are Chinese, and almost all communications are in English. Judging from the speakers at the conference, Token2049’s heavyweight speeches were all about well-known projects disclosing important information. In contrast, half of the Hong Kong conference in April were speeches by officials. It can be seen that the gap between the two places is quite large. Practitioners in Singapore The level of internationalization and professionalism is still much higher than that of Hong Kong.
In addition to well-known public chains and exchanges, many new exchanges and payment solutions that have never been heard of occupy most of the other booths at the main venue, while new Crypto projects account for relatively less. It seems that it is still profitable to make centralized financial instruments for digital currencies, but simple narrative innovation is difficult to sustain by burning money for a long time, and the most difficult time is approaching.
The most popular FT and Tg bots on the Internet recently have not been discussed by many people offline. Ton's public chain has been officially recognized by Telegram, and it has a huge space for imagination to accept the entrance of 800 million Telegram users. But Ton officials don’t know much about Tg bot.
Infrastructure ZK, L2, user portal wallets, and games are still the most talked about topics offline. Infrastructure developers are working hard to improve Ethereum and gain Ethereum legitimacy, while user portals are thinking about how to When it is difficult to obtain new growth on the C side, turn to 2B or even To public chain solutions to obtain positive cash flow to survive. Metamask's new interface, which fits both front and back, deserves attention.
Continuing to do things in a bear market is the cheapest way to accumulate industry visibility and influence. In a bull market, the resource and cognitive gaps that you have to spend a lot of energy to level can be filled by the long bear market.
Everyone seems to think that 2024 will be the bull market, which will be the end of 2024 at the latest. It may be linked to Bitcoin's halving cycle, but no one can tell why the Nasdaq, which has been following for several years, suddenly failed recently. No one dares to think about 2025. How many people will be able to hold on by then? Combining the above point with the alternation of bulls and bears in the first two rounds, we come to the conclusion: if you live well, you will win.
Liu Zhengyi, Director of Alibaba Cloud International Emerging Business and Innovation Alliance: It feels like sometimes everyone seems to be living in a parallel world. We are all in Singapore, and the scenery we see, the people we meet, and the things we experience may be completely different. It is precisely because of this that we need to break the circle, innovate and link up.
Lily Liu , President of the Solana Foundation: Asia has a very active developer community and users, which play a very important role in Solana's global expansion. We look forward to witnessing the arrival of large-scale application of blockchain with industry builders in Asia.
Chen Yijia, CEO of Sancheng Media: Surprisingly, in the bear market, Singapore TOKEN2049 is still very popular. Although many people have a wait-and-see attitude, exploration is still going on, and there are many new faces. Regulation, halving, ETF, DeFi and games are the keywords that appear most frequently.
Joanna, co-founder of JSquare: I have full confidence in the industry and JSquare, and hope to discover blockchain killer applications before the next bull market starts. (Original English text: I maintain my confidence in the industry, unwavering faith in Jsquare, and an eager aspiration to unearth the blockchain's 'killer app' during the next bull run.)
Flex Yang, founder of Hope.money : Money is power and wealth is freedom. Letting everyone control their own wealth is giving everyone the power to be free. This is the meaning of DeFi and the meaning of Hope.money. Singapore's inclusive culture has shown unique advantages in the Web3 industry, integrating different ways of thinking from the East and the West, and is gradually expanding its influence, which is difficult to see elsewhere.
Jason Y, founder of Hooked Protocol: Whether it is the recent Korean KBW or Singapore TOKEN2049, the abundant energy of the Asian market has undoubtedly brought more industry confidence. It also makes us more determined to work with global Buidlers to promote the large-scale use of Web3 and let more people Understand and enter the Web3 faith.
Jack Yang, founder and CEO of LTP: Singapore has become an important hub for the Web3 industry to connect the East and the West. From an institutional perspective, the industry is rebuilding a compliance and multi-party regulatory industry structure, and the infrastructure that can support the entry of more traditional funds and users is taking shape. There are many new opportunities being created, and this is the best time to build.
Adam, co-founder of GasZero: Liveliness and bustle were synonymous with TOKEN2049 last year, but this year it is restrained and undercurrent. I met many friends from five or six years ago on different occasions, which made me very emotional and gratified. After going through the heat and confusion of bulls and bears, everyone still firmly believes in Web3. The consensus of Builder's belief is still on the road, and more and more products are launched. Focus on research and development and focus on users. I firmly believe that users are always the first principle: endure loneliness, focus on research and development, penetrate the dimensional wall of Web2 and Web3, and smooth the threshold for one billion users to enter web3. GasZero is willing to be this outpost and gather more excellent brother projects Together, they will give birth to the next generation of super dApps.
Lemon, co-founder of iZUMi Finance: I have experienced Singapore TOKEN2049 twice and experienced the complete process from bull market to bear market. It is just as lively, but the difference is that this year’s participants have more bottom-building and rebirth than last year. Confidence.
Audrey Yang, Chief Growth Officer of Orderly Network: The wave of innovation is still expanding in an orderly manner. Actively linking the Web2 and Web3 worlds and building them together is the driving force for the future, and this is what Orderly Omnichain is practicing. Looking forward to the next era of orderly outbreaks!
Philip , Head of Asia Ecosystem Growth at Chainlink : I am very pleased to see the huge demand for cross-chain interoperability from developers and enterprises. Cross-chain is the next frontier and will unlock more new use cases for DeFi and other Web3 industry applications.
Edward Sung, co-founder of Alchemy Pay : The bear market is a good opportunity to refine rigid demand. At this summit, we saw the further penetration of compliant on/off ramp and payment services in DeFi, social networking, exchanges and other fields. Crypto companies hoping to ride out the cycle should look for similar rigid demand.
Kang Li, Chief Security Officer of CertiK : I am very happy to see Web3 security companies sitting together to jointly promote the development of industry security.
Cobo VP Alex: There are both vibrant university clubs and young hackers, as well as industry veterans who can’t find their way, are anxious or feel flat. The tightening of macro funds is not obvious. Singapore’s best bars and hottest nightclubs are still booked by blockchain companies every day. The important thing is to find your own positioning, find the positioning of your products, find the real industry needs, and maintain your original intention.
Walter Lee, BNB Chain Business Development and Web3 Game Director: People from different backgrounds around the world gathered in TOKEN2049 and hundreds of surrounding activities to communicate and share their vision for the future of Web3. BNB Chain also launched the opBNB mainnet on September 13, with faster transaction speed and lower costs. Expect Builders to innovate with this. (Original English text: TOKEN2049 is huge this year! Tons of wonderful people from various countries are converged into this tiny island packed with hundreds of exciting events. To celebrate Web3 building, BNB Chain has launched its Layer2 – opBNB, on 13th September! opBNB will provide faster transactions, around 4K TPS at around 80% lower Gas Fees. We at BNB Chain look forward to Builders bringing in innovations to our community with this added effective tool!)
Wilson Tang, CEO of BIB: In an environment where virtual and real interactions occur, it is the mission and responsibility of our generation to accelerate world change through the existence and popularization of temperature.
Jordan, co-founder of UXUY : Last year, there were over a hundredNFT activities for TOKEN2049, but now they are all gone. The entire industry is cautious and cautious, and everyone is working hard to return to Bitcoin, return to Lightning Network, return to Taproot, return to RGB... We at UXUY sponsored The Satoshi Nakamoto Awards and continue to build the consensus of this industry!
SharkTeam co-founder Adam: Crypto is going through the cycle, and Web3 security is also entering a high-level, continuous network confrontation stage. We need to better protect the security of users' assets and fight against the new APT attacks (Advanced Persistent Theft, APT) in the Web3 world. ).
Brian Kim, CEO of Ret Games: When I came to Singapore this time, I met P2E game companies from all over the world. We shared the dream of the P2E project. We also met Pomerium NFT holders from various countries and looked forward to the globalization of Pomerium.
Yu Hu, founder of Kaito AI: I am very excited to see in TOKEN2049 that both the leading companies in each track and start-up companies have many explorations based on the implementation of large language models. Our vision is that when the world's information indexing has advanced from the Google era to the ChatGPT era, we can work with teams in all industries to bring Web3 information and data indexing from the Pre-search engine era to search. The engine era, and then bring it to the ChatGPT era. This will be critical to the Mass Adoption efforts we all work on.
Victor, co-founder of Manta Network: Singapore’s emphasis on the ZK track this year is completely different from last year. We basically appear in three or four panels every day to discuss the cutting-edge development and applications of ZK with the world's leading projects. We have great expectations and progress in Singapore's implementation of ZK and the cooperation with various project parties. It can be said that after a year of development, Manta Network has also changed from infrastructure research to a more implementation-oriented transformation.
Huang Yilan, CyberConnect Global Ecosystem Leader : Asia-Pacific has its own unique advantages, which are increasingly emerging in the bear market. In the past few days, almost the entire Asia-Pacific energy has gathered in Singapore, as if it has caught the pulse of the times. We have seen your continued construction in all aspects, whether it is technical infrastructure or application experience. We are very much looking forward to working with you in these two aspects at the same time to do some exploration for the large-scale public adoption of Web3.
Sunny Aggarwal , co-founder of Osmosis Labs: TOKEN2049 is very dynamic, and the Asia-Pacific region has a common belief in the transformative potential of DeFi. I am very happy to work with so many Builders and Trailblazers to shape a more decentralized, secure, transparent and inclusive financial future. (Original English text: The energy in the air at TOKEN2049 was so positive. In Singapore, and the APAC region more broadly, there's clearly a shared belief in the transformative potential of DeFi. It was a pleasure to collaborate with fellow builders and trailblazers to build toward a decentralized, transparent, inclusive, and secure financial future.)
Jessica, founder of Relation Labs: This year's TOKEN2049 is another Web3 event of unprecedented scale. Every lecture and discussion is a spark of thinking that collides with industry pioneers, creating a brilliant brilliance. Communicating with participants around you is like looking for companions in the forest of the future. Every communication reveals infinite longing and enthusiasm for Web3. We are looking forward to more cooperation and dialogue in the open social field in the future!
NFTScan co-founder and COO Shier: We saw Web3 projects and developers from all over the world at the TOKEN2049 venue. Singapore has become a link and bridge between the Chinese blockchain community and the global encryption community. With its openness, Tolerance and enthusiasm attract Web3 believers who yearn for freedom.
QuestN co-founder Chess: GM Singapore! Along with the hustle and bustle of Chinatown and the hustle and bustle of selling lychees, 2049 has begun year after year. Singapore has acted as the Jerusalem of the East and the West to a certain extent, shining a ray of light in this extremely cold and long winter. It has lit up some people, parted the clouds and seen the sun. Are you GM today?
Kevin , co-founder of Artela : We are at a point in the market cycle from collapse to expansion. Many inertias will be broken and many models will be reshaped. For investors and entrepreneurs, don’t be a turkey waiting for the bull market and continue to explore more and richer on-chain scenarios. The industry’s largest alpha also lies here.
Tony Wang, co-founder of Tako protocol: Singapore's inclusive culture has shown unique advantages in the Web3 industry, integrating different ways of thinking from the East and the West, and is gradually expanding its influence, which is difficult to see in other places.
Xu Zhihong, founder of Naodongdak.AI : There were many shared bicycles outside the TOKEN2049 venue, and I tried to ride one. The app store and mobile payment didn't bother me. When I got on the road, I found that there was no bicycle lane at all, so I had to shuttle between the sidewalk and the motorway. This kind of embarrassment is very similar to that of us in the encryption industry-it seems that the streets are full of roads, but they are not reserved for you. My trip to Singapore convinced me that you can only find your way on the road.
Serotonin founder and CEO Amanda Cassatt : Crypto will eventually succeed. The Western market is currently very surprised by the Web3 investment strategy and level in the Asia-Pacific region. European and American teams are discussing how to expand to Asia, and Asian projects are planning to expand globally. (Original English text: TOKEN2049 is lively and positive seemingly thanks to a shared belief that Crypto will be successful long term. The naysayers from previous bear markets that claim the entire asset class will fail are hard to find. There is widespread agreement about the nature of challenges to the industry, but also on approaches to overcome them, particularly by building technology with strong product-market fit. Some people coming from the West are surprised by the level of investment in Web3 happening in APAC. Teams from the US and Europe are talking about expanding to Asia; projects started in Asia are planning how to go global.)
Jaclyn, co-founder of Web3Port: The market is very cold, but the scene is very hot. This time in 2049, both the activities I participated in and the activities organized by us were bustling with people from all walks of life upstream and downstream of the ecology. Web3Port is always listening and connecting, and I’m pretty sure the next bull market will be here soon. Hold on, go through the cycle, and the joy will come after all the hardships.
Sonia Shaw, Partner and Vice President of CoinW : Through TOKEN2049, I once again felt the enthusiasm of Singapore and even global investors for the Web3 market. We believe that Singapore can lead the sustainable development of the global Web3 industry. In the future, CoinW will continue to reshape the new order of the global cryptocurrency and financial services industry.
Viola, co-founder of Metalist Game : TOKEN2049 is still lively in the bear market, and the outbreak of the bull market is inseparable from the current foundation building and efforts of the Builders. We believe that games will become a bridge between Web2 and Web3, and we will stay true to our original aspirations and bring a better Web3 gaming experience to 100 million players.
Danny Oyekan, founder and CEO of Blockfinex : TOKEN2049 has more than 10,000 participants. This is the largest event so far this year. We look forward to TOKEN2049, which will hold a summit in Dubai next year. (Original English text: I think TOKEN2049 has so far proven to be a successful event with over 10,000 attendees this year. This is by far the biggest event in Crypto this year and looking forward to next year's TOKEN2049 in Dubai.)
Haven1 co-founder and COO Jeff Owens : TOKEN2049 proves the great value of the Asian encryption community and can give us a lot of forward-thinking. This bullish, hopeful and common vision of a decentralized future is consistent with Haven1. (Original English text: Attending TOKEN2049 in Singapore was a refreshing experience. The atmosphere was charged with a kind of optimism that can be hard to find during a prolonged bear market. The event itself was a testament to the professionalism and the forward-thinking nature of the Crypto community in Asia, providing a shared space to forge meaningful connections with pioneers in various verticals across the blockchain industry. The energy there was bullish, and hopeful, grounded in a shared vision for a decentralized and secure future — a sentiment that resonates strong with us at Haven1.)
Louis Liu , founder of FOMO Pay : We are deeply honored to have in-depth exchanges with industry partners from around the world through this year's TOKEN2049 conference and explore cooperation opportunities together. As a licensed and compliant financial institution in Singapore, FOMO Pay has been actively committed to building a financial bridge between the two worlds of Web 2.0 and Web 3.0.
Aleo VP of Marketing Brennen Schuelter : I saw everyone’s enthusiasm for Crypto on TOKEN2049. The Asian market's recognition of blockchain technology is obvious, and they are shaping a secure and decentralized network, which is also Aleo's mission and vision for the future. (Original English text: At Token 2049, while other regions grappled with skepticism, the vibe in Singapore was undeniably bullish about Crypto. Asia's commitment to the technology was palpable, signaling their ambition to lead the charge in sculpting a more secure and decentralized internet. This aligns perfectly with Aleo's mission and vision for the future.)
Benmo.io Chaojijun : Singapore is indeed the first stop for the current Asian encryption industry to encounter more diverse encryption protocols. Basically all the leading DeFi protocols participated in this meeting, and gained a lot. The current industry infrastructure is getting better and better, and the biggest feeling is the integration:
1. Payment channels are diversified and islands of crypto assets are beginning to connect to the real world;
2. With the vigorous development of RWA, real assets are trying to use encryption as a new sales channel. We should be optimistic about it with caution. It is a resource-based entrepreneurial track;
3. Centralized transactions are rapidly migrating to decentralization;
4. Due to the supervision of various countries, many encryption practitioners have to leave their home countries and go to countries and regions with better policies. Probably, this helpless migration is also a kind of integration.
Niels, founder of BuidlerDAO: Among the various roles in Web3, entrepreneurs are the most difficult and are also a key force in the development of the industry. Bear market BUIDL requires faith. Open yourself up and go out more often; the road is long and difficult, but the journey is about to begin; if you keep on walking, the future is promising; I hope everyone can stay together for warmth, be open and build together, Founder helps Founder, and encourage each other.
SeeDAO founder Tang Han:
1. This is my first time to participate in TOKEN2049. According to friends, this year's TOKEN2049 is not as lively as last year, and there are not as many people as last year. However, compared to the ETH Denver, Hong Kong Web3 Conference and Edcon in Montenegro that I attended this year, TOKEN2049 is certainly the most popular. TOKEN2049 has a variety of peripheral activities: there are various hackerhouses and various flashy market parties. Both meat and vegetables are available, probably due to Singapore's geographical location, cultural and language advantages - this is the bridge between Asia and the West.
2. As the name suggests, TOKEN2049 focuses most on the Token, the market, not the Build. Singapore has high prices and attractive spending, making it not suitable for most builders to stay here for a long time. Most of the activities in Singapore are marketing-type, and the more eye-catching the event, the more people it attracts. The 20 young models in the main venue and the disco show outside the venue always remind me of the scenes in 2017 and 2018.
3. Although the activities are luxurious, the market is really boring. Behind the eating, drinking and having fun is not the prosperity and aura. Many investors have not invested in any projects for half a year. Various projects encountered at the Hong Kong conference in April this year can no longer be seen in Singapore because funds have been exhausted. It is said that many traditional VCs who entered the Web3 circle in the previous wave have gone all-in to AI.
4. The next market will be even worse. Due to the poor secondary market conditions, the capital investment projects in the previous round cannot be liquidated and exited, and over-the-counter funds are afraid to enter. Next, on-site funds will continue to be consumed. Even with the most optimistic outlook, the state in which employers are afraid to take action will continue until the end of this year, when more projects will fail in the cold winter of this bear market. For those projects that have no cash flow and can only rely on financing, now may be the most difficult time. Many projects are already financing at a discount, just to survive in the bear market. Even so, financing remains difficult.
5. General confusion. There is no market trend in the secondary market, and long-term sideways trading and shrinking transactions indicate that the market has not yet bottomed out. As for the primary market, most of the concepts that emerged in the last round have been falsified. A large number of Builders are consumed on Infra without applications and applications without real users. New concepts are still being brewed, but have not yet developed visible potential. The scene is a looming, bottomless mystery.
6. One thing I thought about repeatedly in Singapore is: In addition to finance, what other scenarios can Crypto be used in? It has been more than ten years since the birth of Bitcoin. Each cycle has promoted a larger financial wave. But what is the world that one financial wave after another points to? What enables people to stand on the stage and say with confidence: "The market can rise another 200 times?" Another question is: What will happen even if the market rises another 200 times? I met some friends who made a lot of money and lived abroad in the last cycle, and they didn't seem to live a happy life either.
7. Another feeling I have is: outside of finance and technology, Crypto needs new representatives. Empty finance and equally empty technology cannot be embedded in life, leaving everything proposed by entrepreneurs suspended in concept. This is not only the dissatisfaction of investors, but also the dissatisfaction of entrepreneurs, and even the dissatisfaction of so many Builders in the industry. Among the representatives of the older generation, there are people like Vitalik and Balaji who have proposed routes. The discussions in Network States and Zuzalu's attempts are very meaningful. But they alone are not enough. A new group of people are needed to emerge and form a momentum.
8. You should think about what comes after the crypto. The crypto is already very big, but it cannot grow endlessly. It can be seen that the more social parts such as identity, social networking, and games have become the focus of discussion on the Web3 application layer. But at present, it is only focused on the product stage. These products are also firmly tied to the financial model and have not given birth to a paradigm-changing trend like Bitcoin. I do not agree with following the inertia of finance to think about social propositions such as identity and social interaction that are actually larger and broader than finance. I do not believe that the success of finance can continue to be the success of building a blockchain society. Of course, this matter was not clear in 2013; but in 2023, after so many funds and entrepreneurs have experienced the practical setbacks of XXFi over and over again, we have to reflect on it.
Thibault Perréard, Bifrost Business Strategy Director: The popularity of TOKEN2049 once again proves that the Crypto industry and Builder are shaping the future of Web3.
ZetaChian core contributor Ankur Nandwani: Amazing, I met many old friends and made many new ones.
Jennie, Marketing Manager of Web3Go : Compared with Hong Kong, Singapore has a more diversified non-Chinese-speaking Asia-Pacific gene growing soil, and also has more potential for technological development in addition to finance. Many local Builders in Singapore that I met this time were without exception full of enthusiasm. Warmth and strength. We look forward to Singapore continuing to serve as the hub connecting East and West in the Asia-Pacific and continuously providing various liquidity to the industry. Web3Go will be based in the Asia-Pacific and radiate around the world, bringing solid on-chain data and AI services to users and partners.
dappOS Marketing Partner Bree: I spent the most unforgettable birthday night in my life with hundreds of the industry’s top founders, VCs, and KOLs. I am grateful and Grow with Web3.
Wesley, BD Director of Web3.com: The market is very bearish, Singapore is very hot, and Web3er is very busy. By working hard at BUIDL, we will eventually witness the arrival of the Web3 era.
Ueno, founder of Web3event: According to our statistics, there were nearly 500 peripheral activities for TOKEN2049 this year, reaching a new high in history. More activities mean more projects, and more projects cover more people. The trend remains the same. I hope you will all be there when the flowers bloom.
CoinDesk Partnerships Director (APAC/MENA) Andrew Taureau: Unlike events held in the United States where regulation is tightening, the overall atmosphere and popularity of TOKEN2049 are very good. Here, we temporarily forget about Crypto Winter and discuss how to promote large-scale adoption of the Web. . (Original English text: Unlike other events (especially those in the US) with dark regulatory cloud hanging upon, TOKEN2049 has an optimistic and enthusiastic vibe, where one can forget about Crypto Winter for a moment. Meaningful discussions and meetings, a handful of startups and mature players present a sense of industry growth and wider adoption. TOKEN2049 definitely has the sweetest and leading spot in all Asian and global events.)
Cointelegraph Chief Editor Zhiyuan: I saw many like-minded people at the Token2049 conference, and everyone has great ideas. I believe that Singapore's efforts in openness, innovation and regulation will lead the next round of Web3 revolution. (Original English text: I am humbled to have met so many like-minded, talented individuals at Token2049. Singapore is truly an amazing city that I believe will lead the next revolution in Web3, through its openness, innovation, and devotion to regulation.)
Wachsman Senior Consultant Ben Tho: The influx of institutions indicates that Web3 is increasingly recognized and accepted by the mainstream. Many people have realized that Web3 is not just a theory, but also has a large number of practical applications. From open and transparent DeFi to decentralized governance, Web3 will completely change traditional systems and business models. Expect smart contracts and DeFi to provide equal access to financial resources for groups that have been marginalized in global economic history. (Original English text: In today's Web 3 landscape, the influx of institutional participants marks a seismic shift toward mainstream acceptance. Many are coming to grips with the reality that this isn't just a theoretical playground but a disruptive force with substantial real-world applications . From blockchain's ability to offer more transparent financial systems to the advent of decentralized governance, Web 3 has the potential not merely to tweak but to revolutionise legacy systems and traditional business models. Looking ahead, I am especially excited about how smart contracts and decentralized finance will democratize access to financial resources, leveling the playing field for those who've been historically marginalized in the global economy.)
Whdysseus, founder of 1783DAO: If you were not physically present at the venue, it would be hard to imagine that the hottest topics discussed by the key guests of Singapore TOKEN2049 in 2023 are still the supervision of the US SEC and the approval status of Bitcoin spot ETFs. In addition to the keynote speeches, round-table discussions at the main venue of TOKEN2049 for two days, and the exhibition areas carefully arranged by major project parties, more than 300 Side Events demonstrated that the market is still hot. However, the gulf between Eastern and Western industry practitioners remains huge. This TOKEN2049 did not produce the subversive narrative or well-known out-of-circle events that everyone expected. Compared with the 2023 Hong Kong Web3 Carnival, it was slightly restrained.
Bit Wu: I made an appointment for breakfast with an old friend of 17 years, who came to Singapore from North America. The last time we met was six years ago. The first thing I said after meeting was that time flies by. We talked about a lot of things. Everyone agrees:
1. Risk awareness must be strong. We are all products of the times. If we do not put risks first, we may become victims of the times;
2. Whether it is Toronto or Singapore, they are still very friendly to the Chinese because they respect the positive economic cycle and will not discriminate;
3. Lying flat is a false proposition. People still have to maintain an open mind for learning and constantly acquire new knowledge, so that their body and mood can be in a better position;
4. At this stage, it may be the darkness before dawn, so you must have enough patience. In addition, before entering the market for any target investment, you must know how to exit;
5. DeFi is still the mainstream in the next stage. More and more traditional funds and hot money are beginning to combine with Defi to generate income. This may lead to a certain siphon effect, and better applications, DEX and second-layer protocols can be appropriately deployed.
NFT Builder Tony: Compared with last year, the most important change is that more and more European and American projects and even big names are coming to Asia.
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