On August 26, Cointelegraph Chinese successfully held the "The Future of Finance 2.0-Singapore Talk" online summit, which was named by the NEXTYPE Finance Gold Medal.

Activity

In 2021, the three tracks of DeFi, NFT, and metaverse will usher in a big explosion. Among them, people are faced with many new opportunities, but also have certain risks. How do top practitioners in the blockchain industry view the development prospects of DeFi, NFT, and Metaverse? How can people better invest in the crypto market? Can the blockchain field use these new trends to break the circle?

On August 26, Cointelegraph Chinese successfully held the "The Future of Finance 2.0-Singapore Talk" online summit, which was named by the NEXTYPE Finance Gold Medal.

In this summit, PAID Network CEO and Master Ventures CEO Kyle Chasse, PAID Network Asia COO Jocelyn Yu, Cointelegraph Chinese co-founder and CEO Vadim Krekotin, NEXTYPE Finance CMO David Gulasi, Cryptomeria Labs managing partner Sergey Medvedev, Sandbox Co-founder Sébastien Borget, NEAR Asia Pacific Head Amos Zhang, PlatON Chief Technology Officer James Qu and other blockchain and digital art veterans discussed the development trend of NFT and Metaverse, as well as the risk management of encrypted investment and other topics.

At the summit, four keynote speeches and five high-quality roundtable discussions were held on the topics of NFT games, metaverse gold digging, encrypted investment, DeFi supervision, and the global trend of NFT and metaverse. Representatives of NFT and metaverse well-known projects, Top investors in the industry and big names in the DeFi track actively participated and shared their personal views. Here is a recap of the highlights from the summit.

Speech by the organizer

Cointelegraph Chinese co-founder and CEO Vadim Krekotin gave an opening speech. Vadim said that recently Cointelegraph Chinese launched the News Platform APP, which has a very good user experience. The APP also has a column function, and all authors are welcome to contribute their own content. In addition, he also believes that NFTs, metaverses and games have already seen huge adoption. Moreover, in this field, people don't need to know what blockchain and Bitcoin are, they just need to participate.

Four keynote speeches

Speech one:

Amos Zhang, head of NEAR Asia Pacific, said that NEAR is a development network infrastructure based on blockchain, and it is a development platform for releasing next-generation decentralized social, financial, game and other applications. The design concept of NEAR incorporates the optimization of user experience and development experience. In addition to its extremely high performance, NEAR’s biggest features, like its name, are very simple and easy to use, and can quickly shorten the distance between users and the blockchain. Amos also emphasized that in the recent Taobao Creation Festival, the digital artwork "Bad Lifu" released based on NEAR is a successful attempt to combine NFT blockchain technology and art across borders. NFT blockchain technology makes virtual works of art have collection value and circulation, and also allows ordinary people who are interested in virtual assets to have a real way to buy them.

Speech 2:

NEXTYPE Finance CMO David Gulasi said that he has been interested in cryptocurrencies since 2018 and has been investing and participating in them. The establishment of NEXTYPE has a clear mission, which is to define the new form of next-generation blockchain games. NEXTYPE takes the blockchain game matrix as the core, builds a cross-chain GameFi+NFT+DeFi comprehensive application ecology, creates an efficient and free NFT transaction protocol for the blockchain field, and provides users with high-quality blockchain games Dapps. NEXTYPE not only needs to complete the self-development and underlying technical support of blockchain games, but also needs to provide partners and players with an ecological platform for co-construction, co-governance and sharing. In order to achieve this goal, NEXTYPE will launch 8-10 self-developed games with different themes and gameplay this year, and cooperate with at least 10 games to create a NEXTYPE game matrix.

Speech Three:

Kyle Chasse, CEO of PAID Network, said that the core goal of PAID Network is to become the infrastructure of the Layer 1 blockchain. Anyone can build decentralized applications on it through Polkadot and enjoy the security that Polkadot has. It is worth mentioning that the IDO platform launched by PAID Network has become one of the most ideal IDO platforms in the world. At the same time, Kyle Chasse found that Asia is a relatively isolated ecosystem, so PAID Network launched an independent Asian platform to bring high-quality transaction flows to Asian users to meet their needs.

Jocelyn Yu, COO of PAID Network Asia Pacific, said that the intelligence of PAID Network lies in the ability to specify services and customize solutions, making distributed digital contracts more secure without trust. It is like a boundless legal toolkit that can meet all needs. Next, PAID Network Asia will also be launched in an all-round way, developing together with some outstanding projects, and marching towards the global market together.

Speech 4:

PlatON CTO James Qu said that PlatON’s greatest confidence in embracing the metaverse comes from its privacy economics incentive model. Using privacy protection to protect some good data and models is an innovative win-win mechanism. More people are willing to share good data and Algorithms are placed in the metaverse, because the mechanism is based on cryptography, which protects the value of data and makes data compliance and standardized interoperability possible and sustainable.

The opportunity of the metaverse era is reflected in how we live in harmony with artificial intelligence, the Internet and big data, how to enjoy hundreds of different digital faces in the metaverse, digital high-energy currencies and the resulting low-cost and efficient transactions ;The challenge we face is to reposition the core value of people, how to make full use of the Internet, the Internet of Things, high-end algorithms, advanced computing power, and blockchain technology to promote the evolution and innovation of business processes based on real business, and at the same time Also because of the deep digitization of human behavior and business activities, we are also facing unprecedented challenges in data privacy protection.

Analyzing Ecological Trends: Five High-Quality Roundtable Dialogues

Roundtable 1: "NFT Games Behind the Hype"

Sandbox co-founder Borget Sebastien said that we can think of NFT as a medium that can help people create value, or a channel, and it is connected to the community. It is a natural place where the community can really interact and socialize with each other.

Axie Infinity co-founder and COO Aleksander Leonard Larsen said that people's understanding of the value proposition of NFT has become clearer, and their understanding of blockchain games has also become clearer. Now people are beginning to look at games from a new perspective . All the big game studios in the world should pay attention to NFT, and some of the data are worth paying attention to.

Round Table 2: "How Do Ordinary People Get Their First Pot of Gold in the Metaverse?" "

Wayne Zhang, partner of METACHI, said that for ordinary users, they are more concerned about how to use this product in the Metaverse. From this perspective, the development of the metaverse is still in its infancy. However, the Metaverse is hot and healthy. Especially recently, traditional institutions in China have waved their flags for the Metaverse. NFT has played a very good role in promoting the development of the Metaverse. NFT solves the problem of confirming the rights of digital assets, and thus provides an additional layer of protection for metaverse users, and they are willing to explore in it.

Jackey Jiang, the co-founder of MetaEstate, said that Metaverse is in the stage of "going out of the circle" and is developing towards a deeper and wider user circle. The users of the Metaverse are growing exponentially. The original encrypted users have gradually entered the ranks of purchasing Metaverse assets, while traditional Internet users are gradually forming awareness of the Metaverse.

Henry Liu, co-founder of Web3Games, said that the metaverse consists of multiple parts, the most important of which are the decentralized governance and economic parts. Many projects are working on this part of the development, but it involves fundamental rule changes, so it takes a long time to improve. In addition, scalability has not been well realized, and everyone is more focused on the composability of products.

APENFT COO Michael Wang said that the development of the Metaverse is diverse. The Metaverse is still in a very early stage of development, both hardware and software fundamentals. Metaverse is the mapping of the physical world, involving the migration and calculation of massive data, graphics technology, real-time interaction, etc. To obtain a high-quality metaverse experience, AI, VR, and 5G are all essential technologies. But these are still immature, and it takes time to build infrastructure, reduce latency, and make end products more affordable. Needless to say, the metaverse is the way to go.

BTX Capital founder Vanessa Cao said infrastructure is important to the Metaverse and its scalability. Blockchain games have a certain threshold. Ordinary Internet gamers need to learn how to use wallets and so on. There is a certain degree of involution in blockchain games, and a large number of new games are born every day, and they are basically small games, and there are few large-scale games.

Roundtable 3: "How Top Crypto Investors Build Diversified Portfolios to Manage Risk and Increase Wealth in the Long Term"

Alex M, managing partner of Cryptomeria Capital, said that we will only invest in projects with strong fundamental value. Our investment theory is also similar to traditional investment, and one of the keys is to look at the project team. Every market has cycles, the team will be the only factor of success or failure, a truly promising project will have a founder who is ambitious and ready to meet various markets. And, we all try to build a real trust relationship with them to help them expand their business model, attract users, build brand awareness and so on.

Leslie Tam, co-founder of Genesis Block Ventures, said that my advice when investing and managing risk is not to add too much leverage. As a venture capital institution, we actually take considerable risks, so we must be truly down-to-earth and try every investment portfolio. Just like our work in Polkadot Ecology and Avalanche Ecology, we have been trying all different products, so we can always feel the trend of the industry.

Wilson Wu, head of Avalanche Asia Pacific, said that if we want to build an ecosystem, three elements are indispensable. The first is the community, which can bring users into the platform; the second is some projects in the ecosystem, they want to build and grow on a platform; the third is the liquidity of the ecosystem, which provides blood for the development of the ecosystem, Help it grow. Yuan Guangheng, the founder of Galaxy Co-creation, said that after a large number of foreign capital fled before, the fear also came up. Digital finance has risen for 15 consecutive days. From a short-to-medium term point of view, now is definitely not the best time to invest in cryptocurrencies. From a long-term point of view, the market will develop in the form of a joint sector. Metaverse and games may It will last until September and October, and there should be a small climax.

Round Table 4: "Can DeFi Converge with Real-World Assets and Regulations"

DragonBite strategic advisor Andy Chen said that practitioners in the blockchain industry must constantly apply new concepts and good innovations to blockchain scenarios. This requires the joint efforts of the industry and the injection of new talents and funds from traditional finance , and then the DeFi industry will slowly grow.

Labs Group CEO Yuen Wong said that no matter how popular DeFi is, it will be difficult to erase the role of CeFi in a short period of time. In all DeFi projects, the so-called Matthew effect will still appear, and we will also face smart contract loopholes, legal and legal issues. Regulations and government obstruction and other issues, DeFi and CeFi should coexist in a short period of time. Personally, I don’t believe in complete decentralization, but I believe in the future of DeFi. We are lucky to enter the DeFi field at an early stage, but everyone still needs to be cautious .

John Wang, head of NEO's global ecology, said that the emergence of various modules of DeFi is very similar to traditional finance. In the future, traditional finance and DeFi should coexist in a state of coexistence. In fact, there are two types of transactions on DEX and centralized exchanges. People, in the future, there will definitely be some people who will use DeFi to deal with financial matters, and some people will use traditional methods to deal with them. This is closely related to the education level and development level of each country.

Gieno Miao, co-founder and CTO of DeSyn Protocol, said that regulation is more like a pendulum effect, which oscillates between extreme looseness and extreme tension, depending on whether the financial business itself is in good shape, and whether the market needs more liquidity and creativity or needs control risk. The financial supervision of the blockchain will always be a small part of the traditional financial supervision. The regulatory policy we face will always be a small part of the large economic policy. For the sake of overall stability and long-term development, this small part will be treated specially , We must think about how to cooperate with supervision to make the industry move forward. Regulation is actually something that helps effective circulation.

Asteria CEO Michael Li said that from a macro perspective, DeFi is an industry driven by technology and models. In the past year and a half, technology has been making continuous progress, and technologies such as layer2 and NFT are constantly solving bottleneck problems; in terms of objective environment , the framework of traditional finance developed for more than 100 years and the model supported by the monopolistic Internet have begun to show loopholes, so DeFi can be understood as an inevitable value or ideology. DeFi is now developing at an astonishing speed The development of traditional financial modules has been copied for a hundred years, so the outbreak of DeFi is inevitable.

Round Table 5: "Global Trends of NFT and Metaverse"

NEXTYPE Finance CMO David Gulasi said that the metaverse has been a time concept for a long time, but this scientific and futuristic concept has inspired countless people to explore and develop. The Metaverse cannot replace the real world, but it can become an extension of the real world. It will have a fully operational economy, and data, content, and IP can operate in the Metaverse. Metaverse has recently become known to people because of the birth of NFT games. It still has a long way to go before it is perfect, but we have completed the critical first step.

Steve Li, head of Waves China, said that user creation in the metaverse is very important. If you can’t create something in a universe, then it’s not a universe. For example, there are many creators in a game. Different buildings and even cities are built in the game, which makes this metaverse a very fascinating and exciting place, and it's actually people who build it.

thank you

thank you

Supporting media: Mars Finance, Tokenclub, Jinse Finance, Deep Chain Finance, Block Technology, ChainDD, Interstellar Vision, Block Rhythm, Chain Node, PAnews, Gyro Finance, Xingkong Finance, Fire Bird Finance, Lieyun Finance, CoinVoice, Ostrich Blockchain, BiNiuNiu, Beep News, Blocklike, LianDaoDao, Hubox, PowPower, Ear Finance, Ant Chain Finance, Anypay, Lianxiao6, Open Source Finance, Lianshuke.

Supporting communities: Lichang, 7 o'clock community, DD community, OG, Hashflow, Solanum nigrum community, Cryptogeek, Linker, Ali community, Bixiaobai, Daxia blockchain, preaching community, Yinuo community, 8848 , League of Leaders.