On April 16, the second phase of the "Zhen" series of events hosted by ChainCatcher and RootData was held in Hong Kong. The theme of this event was "New Cycle and New Narrative". Wu Ming, Co-Founder and CTO of Conflux Treemap Public Chain, Matt, CEO of Blofin, Nicole Zhang, Partner of LIF, Bree, Partner of dappOS Market, Jordan, Co-Founder of UXUY Protocol, Tian Hongfei, Founding Partner of Yuanwang Capital, and zkLink Founder Vince Yang and other industry builders look forward to the changes and opportunities under the new encryption cycle.

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ChainCatcher Partner Hunter

The first keynote speech was started by Wu Ming, co-founder and CTO of the Conflux treemap public chain. He took "Conflux: Next-Generation Digital Economy Infrastructure" as the theme, from the founding team, technological innovation, influence, ecological development, etc. Dimension provides a comprehensive introduction to the development of Conflux.

Wu Ming mentioned that since Conflux was launched on October 29, 2020, it has more than 1,000 POW nodes in 26 countries and regions around the world. The total number of accounts on the chain is 9,879,487, and a total of more than 62 million transactions have been processed; a total of 6,008 smart contracts have been deployed on the chain. Conflux has been paying attention to and focusing on the operation and incubation of communities and influences in emerging countries and regions, such as Africa (Kenya, Nigeria, South Africa), Latin America (Mexico, Chile), Southeast Asia (Indonesia, Thailand, Vietnam), etc., aiming at long-term Provide more inclusive, convenient and smooth blockchain services for the local area. This year, it has especially attracted the attention of users and developers in Europe and the United States, and the user growth has reached 150%.

In addition, Conflux's test data has reached the same level as the centralized operation of VISA, and is ahead of international distributed systems such as Bitcoin, Ethereum, and Libra. In 2019, Facebook released its distributed system Libra white paper, and Conflux, as the only distributed system project in China, was defined as its competitor. Conflux's unique gas payment mechanism makes it unnecessary for users to store native tokens in their wallets to pay for gas when interacting on the chain, which provides great convenience for attracting traffic.

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Wu Ming, Co-Founder and CTO of Conflux Treemap Public Chain

Regarding the impact of macroeconomics on the encryption market, Blofin CEO Matt shared his views on the theme of "Opportunities and Challenges of the Encryption Market in the Post-Rise Era".

Matt said that the current breakthrough in AI technology has brought new opportunities to the encryption market, and the blockchain-based encryption market will provide a relatively fair and secure infrastructure for resource and wealth distribution needs. Regarding the status of Hong Kong in the encryption market, Matt pointed out that Hong Kong has the potential to become a new cryptocurrency center due to its advantages in legal currency channels, talent pools and policies.

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Blofin CEO Matt

Under the crypto bear market, what new investment strategies do venture capital funds have? Nicole Zhang, partner of LIF, shared the investment direction of LIF through the keynote speech "Breaking the Web3.0 Cannibalism".

Nicole introduced that LIF invested in the "ABC" narrative, and "A" refers to the Access entrance. LIF believes that wallets, Layer 1/2, and mobile phones cannot be regarded as real Web 3.0 entrances. The real entrance should be able to provide users with Frictionless, low-threshold Dapp, middleware in the form of API and SDK, and convenient payment gateway; "B" refers to Better Blockchain, which is in urgent need of decentralized storage, oracle, AI, etc. infrastructure to improve the underlying performance; "C" refers to Content content, LIF believes that DeFi alone is not enough to support the encryption industry, and Web3.0 needs content such as games, music, videos, and pictures to attract and retain users .

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Nicole Zhang, Partner, LIF

The second half of the event was opened by Bree, the market partner of dappOS. With the theme of "The operating protocol for dApps", he introduced the development achievements of dappOS and looked forward to the development trend of encryption infrastructure.

Bree introduced that dappOS is an operational protocol designed to reduce barriers to interacting with encrypted infrastructure. Through dappOS, users can enter DApp through the Web2 experience, avoiding mnemonic phrases, account inability to reset, and distribution of data and wallets. Use friction on different chains etc. dappOS also optimizes the seamless experience of chain A users using chain B dApp. For example, after OP Perpetual integrates the dappOS dApp front-end SDK to use and receive assets on Ethereum, the user needs 76 clicks to only 4 With just one click, the speed is shortened from 12 minutes to less than one minute, which greatly simplifies various operation steps for users and saves time. In addition, dappOS also launched the Mini-program Platform, which supports users to view multiple assets through a unified account, complete complex operations such as cross-chain, and supports functions such as cross-chain assets in the account and cross-currency merged payments.

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dappOS Market Partner Bree

After the keynote speech,Hunter, partner of ChainCatcher, served as the moderator and started a round-table dialogue on the theme of "consensus, reverse thinking and long-termism" with Blofin CEO Matt, UXUY Protocol co-founder Jordan, Yuanwang Capital founding partner Tian Hongfei and zkLink co-founder Vince Yang. In the discussion on "When will the encryption market get out of the bear market and the driving factors behind it", zkLink co-founder Vince Yang believes that,This year or next year, the encryption market can lead to a big recovery, and the development of zk is one of the main drivers of the new round of bull market. At the same time, zkLink firmly believes that crossing bulls and bears also requires product and technological innovation.

Tian Hongfei, founding partner of Yuanwang Capital, said,From the bottom of last year to the recent sharp rise of Bitcoin, there is a 70% probability that this is a sign of a bull market recovery. However, there are two practical issues worth thinking about at the moment. One is that the channels for deposits in the United States are Where; the second is how to drive the market when there are not enough pledgers to provide liquidity.

UXUY Protocol co-founder Jordan believes that,The pace of rate hikes and rate cuts by the Federal Reserve is one of the most critical factors affecting market bulls and bears, and mining payback cycle, gas rate, etc. can more or less be used as indicators for market bulls and bears.
. The current price recovery of Bitcoin and Ethereum, the upgrade of Ethereum in Shanghai, and the prosperity of the Hong Kong conference all indicate that the current encryption market is at the beginning of a new round of bull market.

Blofin CEO Matt saysIf the encryption industry only cares about price and token income, then there are problems in the development of this market, and the future development of the encryption industry depends on three factors. One is the originality and application value of industry technology. The reason why ChatGPT in the AI ​​field exploded It is popular because it has indeed greatly improved productivity for users, so where are the technological innovations and breakthrough applications in the encryption field? For example, the referee decides the life and death of many players; the third is the macro environment, the Fed's rate hike and rate cut is a key determinant, and we need to wait until the policy changes.

After the wonderful round table speeches, the second phase of the "Zhen" series of events hosted by ChainCatcher and RootData was successfully concluded in the free and enthusiastic exchanges among the guests present. Welcome to continue to pay attention to the series of activities of ChainCatcher and RootData.