“Seeing the Big Picture from the Small: Hong Kong & Singapore, Chinese Talent Reigns Supreme!”
The Singapore trip has ended for two days, and participants have been sharing their views and thoughts on the future of the crypto market, some optimistic and some pessimistic.
I, representing Alpha DAO, also personally went to Singapore to observe the entire crypto world. Next, I will organize these viewpoints in a more popular and understandable language.
1
Filecoin
“DSPA-Asia”
DSPA-Asia aims to support and accelerate the business transformation of Web3 storage providers to establish a thriving Filecoin ecosystem and sustainable data growth.
This invited attendance at the DSPA-Asia conference mainly made judgments on the transformation of FIL SP, assisting CC in transitioning to DC, and building a more perfect FIL ecosystem based on FVM, including not only DeFi but also DEX, NFT, Lend, Meme, Wallet, and more.
This conference connected various ecological project parties of Filecoin, and in addition to discussing their own products, they also gained new perspectives on Filecoin: believing that ecological application construction is the current top priority!
Finally, the two-day DSPA-Asia training camp also concluded with an on-site AMA by FIL founder Juan.
2
Filecoin
“FIL Dev Summit”
The FIL Dev Summit is a gathering of developers, builders, and community members, which is more technical and discusses with the Protocol Labs, aiming to make contributions to the core protocol and network development of Filecoin.
The core of the conference mainly includes:
Technical discussions on DC issues
Recreation of FIL by combining AI, Web3, and cloud providers
FVM ecological construction direction
Regarding the highly concerned issue of whether DC will be canceled: the preliminary conclusion is to protect the basic income of SPs, such as expanding the scale of commercial storage and promoting functionality, allowing SPs to benefit from the ecosystem in multiple ways.
3
Filecoin
“Outlook”
This Filecoin conference was held at the five-star Fairmont Singapore hotel, with 6 meeting rooms on-site, bringing together developers, SP storage providers, and community builders from around the world for several days of exchange.
Overall, everyone holds an optimistic attitude towards the future of FIL. Although the token price is slightly low, from the perspective of Alpha DAO's investment research, it can currently be considered the best stage:
Large global community with extremely high exposure
Investment background still in place, technical strength ranks among the top in various public chains
Protocol Labs remains firm in its original intention and continues to build
Ethereum 3 years at "$90" ≈ Filecoin 3 years at "$3", FIL still has 5 years of potential, accumulating strength for a breakthrough
Storage, retrieval, computation, Juan insists on all three, these three points are enough to change society. Through the sharing of "Yang" from the Alpha DAO community partner:
4
Token2049
“Holding the Moment, Watching the Future”
Regarding Token2049, there is already a lot of information available in the market, so I will not provide an on-site introduction here. Mainly combining the crypto conference in Singapore, let's analyze the outlook for the future:
Market Trends: Many industry OGs believe that the current market is in a bear market, with prices falling. However, they generally have a positive outlook for the long-term future. Unlike the previous crazy bull market, more people are now beginning to explore the practical applications of Web3 technology rather than blindly pursuing speculation.
Asian Market: The Web3 Carnival was held in Hong Kong, and the TOKEN2049 conference was held in Singapore. Many people believe that the Asian market has unique vitality and opportunities. Western teams are also beginning to consider entering the Asian market, and Hong Kong and Singapore have become the main incubation and development bases for Web3.
Cross-chain Market: Cross-chain interoperability is considered a hot area for the future, as it can enable DeFi and other fields to achieve more new uses. Many Layer2 and new public chains require cross-chain technology. As the saying goes: during the gold rush, not all gold miners make money, but those who sell jeans definitely get rich.
Crypto Payments: About one-third of the projects are related to payments, including in Hong Kong, Singapore, the EU, and offshore enterprises, with varying degrees of compliance, mostly targeting the US dollar and euro, showing strong payment channels.
Alpha DAO believes that the role of crypto payments is to build a financial bridge from Web2 to Web3, facilitating the entry and exit of both, and also allowing the crypto circle to directly enter the global payment system, breaking traditional financial barriers. With the funds from Web2, the crypto circle can have the foundation for a bull market.
The strategic cooperation established between Alpha DAO and PokePay also proves this point.
New Direction for RWA: Participants mentioned a hot term: RWA, but the premise for RWA is to see if the project has compliant genes.
Wang Jun, founder of Inpower: For RWA projects, the on-chain part is relatively simple, and the real challenge lies off-chain.
Alpha DAO Investment Research Community: It is envisioned that RWA will rise in the crypto circle, and with the premise of compliance and regulation, RWA + DeFi = RWAFi.
It is necessary to closely cooperate with leading compliant project parties; asset tokenization provides a lower investment threshold for the masses in Asia and Africa, but investment risks still need to be controlled by professional fund managers; the transparency of on-chain compliant assets far exceeds that of centralized regulatory financial assets, and time will prove this.
In conclusion, the TOKEN2049 conference demonstrated a positive confidence in the future of Web3 technology and the crypto industry. Despite the current market trends, industry leaders still firmly believe in the potential of Web3 and actively explore and innovate in different fields.
This year, the main battlefield for Web3 is in Asia, with 80% belonging to the Chinese. Looking back at the 14-year history of crypto, bluntly speaking, without the Chinese, there is no crypto!
Alpha DAO will also remain true to its original intention, closely follow the hotspots in crypto, analyze industry tracks, and continuously explore and improve with community members in the bear market, and dominate in the bull market!
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