As a Web3 community, 1783DAO has joined the project of Wanxiang Blockchain, led by Chairman Xiao Feng, a Web3 entrepreneurial accelerator and investment platform called ThreeDAO S3 on the Island of Everything.
From April 6th to 9th, 2024, the Hong Kong Web3 Festival, organized by Wanxiang Blockchain and Hashkey, was successfully held, with an estimated attendance exceeding 50,000.
As one of the largest Web3 events globally, the Hong Kong Web3 Festival featured keynote speakers such as Vitalik Buterin, the founder of Ethereum, Cathie Wood, CEO of ARK Invest, and Dr. Xiao Feng, Chairman of Wanxiang Blockchain and HashKey Group.
On the evening of April 7th, the Web3 Renaissance Night Gala, hosted by 1783DAO, took place at Exchange Square in Central, Hong Kong. The event received over 1,000 online registrations, excluding social media channels and targeted invitations. However, due to on-site capacity and venue constraints, more than 300 individuals were unable to be accommodated.
The co-organizers of this gala event include Conflux, Edge Matrix Computing (EMC), Web3link, and VoiceStreet. The chief strategic partners consist of Mazcaron55 (M55), Hyperdust, Omni Link, and TrendX. Additionally, the strategic partners include Aspire, Tube Protocol, Keynes Pay, 3EX, and HK Ascend Immigration, among others.
During the event, Wu Ming, co-founder and CTO of Conflux, stated that Conflux will focus on two aspects.
Firstly, Conflux aims to develop the DeFi ecosystem, particularly focusing on Ethereum-compatible projects. They plan to collaborate with Hong Kong dollar stablecoins and are currently awaiting regulatory approval and issuance from Hong Kong regulatory authorities. Once approved, they will introduce these assets to the DeFi platform.
Secondly, Conflux intends to explore the Bitcoin Layer 2 ecosystem. Their initial goal is to provide a highly secure infrastructure for Bitcoin Layer 2 and establish a decentralized cross-chain bridge through protocol deployment. Conflux hopes that the cross-chain bridge will not only support Bitcoin Layer 2 but also serve as a carrier for Bitcoin Layer 3.
Later, Alex Goh, the founder and chairman of the Edge Matrix Computing (EMC) Foundation, which oversees the AI and DePIN projects, stated that the narrative of this bull market primarily revolves around three key areas: Artificial Intelligence (AI), DePIN, and RWA.
Alex Goh further explained that in the realm of Artificial Intelligence (AI), the Nvidia A100 is a more valuable resource than gold, with limited annual production. By 2024, the production capacity has already been fully purchased by Silicon Valley tech giants such as Meta and Microsoft. As for DePIN, the focus lies in enabling broad participation in providing computing power within the network and delivering various types of services, with the crucial aspect being user adoption. Regarding RWA, its essence is inherently linked to Web3, with the aim of fully integrating relevant assets onto the blockchain.
VoiceStreet, the music metaverse gaming ecosystem project, shared a presentation on the topic of “How to Perfectly Integrate Music, Gaming, and Fan Communities.”
As of now, VoiceStreet’s music metaverse game, Ark of Panda, has garnered over 10,000 testing users and has partnered with more than 20 ecosystems. The game is scheduled to commence its public testing phase on April 17th.
VoiceStreet has also launched an NFT trading platform where users can trade assets from music metaverse games and assets like NFTs of songs by musicians.
Furthermore, VoiceStreet has collaborated with prominent entities such as Billboard in the United States, Oricon in Japan, Hito in Taiwan, and MelOn in South Korea to establish a Web3 music brand. They have gained over 110,000 followers and 3.6 million likes on Binance Live.
Landon Wang, co-founder of the Hyperdust Foundation, delivered a presentation titled “The Path to AGI through Web3.”
Wang highlighted the evolution of cryptographic assets, starting from scalar assets to the current popular trends of AI and RWA. This evolution reflects the trend of computation in the process of Web3. However, it is evident that on-chain computing power is insufficient. In the era of AI, the on-chain computing power, such as Bitcoin’s Proof-of-Work (PoW) and the Ethereum Virtual Machine (EVM), falls significantly short of the demand. Therefore, a new Web3 computing model is required to execute AI computing tasks.
Wang emphasized the crucial role of simulation environments in AI training and intelligent development. Hence, this new Web3 computing model needs to support 3D computing capabilities and corresponding simulation training spaces. After years of research and development, Hyperdust has implemented a trust mechanism based on a binary protocol and achieved on-chain decentralized 3D computing and AI microservices. Users can utilize and develop LLM-driven agents without authorization. Currently, Hyperdust has operated LLM ranging from 13B to 178B for dApp developers and end-users. Users have also developed dozens of 3D Gym Spaces supporting OpenAI’s reinforcement learning environment library, Gym, using Hyperdust. These spaces will soon be open for training LLM-driven on-chain agents.
Wang believes that from the perspective of cryptographic assets, AI assets are high-dimensional, unlike scalar assets such as Bitcoin. The EVM-compatible Bitcoin Layer 2 has implemented a settlement layer, enabling the support of high-dimensional cryptographic assets like AI. Currently, Hyperdust is organizing a hackathon on BEVM (Bitcoin-Ethereum Virtual Machine) to build an AGI aligned with the Bitcoin economy and vision, allowing AI to be open once again.
Cuttle Jiang from Aspire, a fintech company based in Singapore, introduced that in its six years of operation, Aspire has successfully raised funds three times, accumulating over $300 million in total funding. Investors include Sequoia Capital, Tencent, PayPal, and others.
Currently, Aspire has over 400 employees and collaborates with more than 15,000 global customers. At the end of 2023, Aspire officially announced that it had started generating profits.
Aspire provides support to various enterprise customers, including those in the Web3, Crypto, and Singaporean trading platform sectors. Apart from facilitating the registration of corporate payment accounts, Aspire offers multi-currency services and a secure and efficient financial payment platform, enabling businesses to achieve cross-border growth.
During his speech, Khalid MAZOUZ, the GP & Co-Founder of MAZCARON55 (M55), stated that a few years ago, the ecosystem of Bitcoin Layer 2 had not fully formed. However, in 2024, with the explosive growth of Bitcoin Layer 2 infrastructure, the ecosystem built on top of it will witness unprecedented development opportunities.
M55 is a French cryptocurrency fund with strong Asian roots, co-founded by Khalid MAZOUZ and Guillain CARPENTIER. The fund brings together seasoned experts from the cryptocurrency industry and rich resources from the traditional financial sector. M55 primarily focuses on investments in the primary and secondary markets, covering various diverse tracks and project areas.
It is worth mentioning that Gatecoin, the first compliant exchange in Hong Kong, was founded by Khalid MAZOUZ in 2013, while Guillain CARPENTIER is a seasoned broker with over 30 years of experience in traditional finance.
Archer from Omni Link expressed that their platform aims to be a platform for crypto industry scientists.
The Omni Link team comprises “scientists” who have graduated in computer majors in North America. The platform assists newcomers in setting up high-quality test nodes for crypto projects. In recent times, test nodes of some high-quality projects have received substantial airdrop rewards.
In addition to setting up test nodes, Omni Link also provides relevant tutorials, ultimately achieving the conversion of public domain traffic into private domain traffic.
Kevin, the Director of Business in the Asia-Pacific region at TrendX, an AI trend tracking and intelligent trading platform, stated that TrendX platform discovers Alpha projects in the early stages of their explosion, helping users achieve high returns.
TrendX has launched various trend tracking features, including real-time monitoring of nearly 50,000 Key Opinion Leaders (KOLs) to generate sentiment and popularity indicators using AI technology. Additionally, analysis of trading behaviors from over 20,000 “smart money” sources is conducted to provide data statistics and trend analysis.
According to Kevin, the currently launched Alpha Square by TrendX utilizes over 100 factors strongly correlated with token prices to continuously search for key opportunities around the clock. Once a successful strategy is identified, it is promptly communicated to users.
FL from Tube Protocol, a decentralized trading platform, states that currently, Tube Protocol faces challenges such as low liquidity, low trading volume, and cumbersome trading operations.
In response to these issues, Tube Protocol offers services such as token liquidity staking, liquidity provision, liquidity mining, payments, and exchanges to enhance the liquidity of the platform.
Additionally, Tube Protocol also provides cross-chain protocols and fractionalization protocols to cater to the needs of users.
Echo, co-founder of investment and incubation firm Web3Link, states that Web3Link collaborates with major public chain ecosystems, typically following an investment-first, deep incubation approach.
In 2024, Web3Link’s key investment focus includes GameFi, Depin, and the Bitcoin ecosystem.
On the afternoon of April 8th, the DeAI Hackathon, organized by Edge Matrix Computing (EMC) and 1783DAO, and co-hosted by Exabits, took place at Exchange Square in Central, Hong Kong. The event attracted over 400 attendees in total.
During the event, Alex Goh, the Founder and Chairman of Edge Matrix Computing (EMC) Foundation, stated that EMC, as the global leader in AI computing power DePIN, has established computing networks and AI+Web3 communities in over 30 countries and regions worldwide. EMC introduced the innovative concept of “DeAI,” which stands for decentralized AI, being the first in the world to do so. It differentiates itself from traditional GPU clouds or conventional AI developer platforms, as well as from traditional De+ or +Fi projects. EMC not only builds an AI computing power network but also establishes an integrated AI application ecosystem, with the goal of becoming the “OpenAI” in the decentralized Web3 field.
Alex Goh said, “EMC’s mission is to distribute high-performance GPU computing power to entrepreneurs and businesses with AI model training needs through a distributed network. At the same time, we incorporate the Web3 economic model into the computing network, making EMC a shared, collaborative, low-risk, and highly efficient AI platform, collectively driving the development of decentralized AI.”
Zed, a contributor and investor in EMC, as an early buyer of NVIDIA stocks, holds a positive outlook on the development prospects of AI and GPUs. He believes that the industry is still in the early stages of market development.
exaBITS CIO Jonathan shared exaBITS’ global positioning in the AI market. As a provider of high-performance GPU computing power, exaBITS is committed to driving the widespread adoption of AI applications and supplying high-performance GPU computing power for the development of AI.
Frank, a member of the JarvisBot technical team, introduced the AI product JarvisBot from EMC’s network during the event. He mentioned that JarvisBot not only provides an AI interface capable of answering complex questions, writing articles, generating graphics, summarizing text, and creating videos, but it also incorporates a Web3 economic model. Users can not only consume AI services but also earn profits through AI interactions.
JarvisBot can be utilized for various purposes, including customer support, lead generation, order updates, personalized recommendations, and more. Additionally, users have the ability to create customized bots for different applications using JarvisBot. This approach sets JarvisBot apart from traditional AI applications that operate on a subscription-based model, enabling true sharing and mutual benefits in AI development and creation. This aspect is one of the key factors that attract attention to JarvisBot in the market.
Following the introduction, four high-quality projects, including the AI+Social project Tweetfi, the Web3 identity and encrypted digital asset solution Imprint, the decentralized social commerce platform in the Telegram ecosystem Bounty Bay, and the decentralized AI investment model Aivest, conducted on-site presentations during the roadshow.
During the panel discussion, Blade, Executive Director of the Hong Kong Blockchain Application Investment Research Institute, Alex Goh, Founder and Chairman of Edge Matrix Computing (EMC) Foundation, Felix Sim, Co-founder of Salad Ventures, Jesse Xie, Founder of Limina Lab, and Ian Wu, Investment Director of MT Capital, collectively explored the future prospects of combining AI and Web3.
The panelists expressed confidence in the widespread application of AI and its integration with the Web3 economy. They also discussed the development directions of their respective industries under this trend. Everyone unanimously agreed that the combination of AI and Web3 is widely regarded as having tremendous potential.
Web3 represents a decentralized internet architecture that grants users greater control over their data and ensures its security and transparency through blockchain technology. On the other hand, AI is a powerful tool that can process and analyze massive amounts of data, extracting valuable insights and information.
The combination of AI and Web3 offers numerous advantages, ranging from data security to intelligent analysis. As technology continues to advance and applications deepen, the integration of AI and Web3 will bring forth more benefits and opportunities for human society.
On the evening of April 9th, the Hong Kong Lan Kwai Fong Cocktail Party, organized by 1783DAO and Zhongben Finance, and co-hosted by Hong Sheng Immigration, took place on the Bar Street of Lan Kwai Fong in Hong Kong. The event attracted over 300 attendees in total.
According to publicly available information, 1783DAO is one of the well-known Web3 communities in the Chinese-speaking world. 1783DAO is an official partner community for the Hong Kong Web3 Festival, hosted by Wanxiang Blockchain and Hashkey, in both 2023 and 2024. It is also an official partner community for Token2049 events held in Singapore and Dubai.
In April 2024, 1783DAO, as a well-known Web3 community, became a part of the ThreeDAO S3 incubation and investment platform initiated by Dr. Xiao Feng, the Chairman of Wanxiang Blockchain.
As of now, the 1783DAO community has approximately 50,000 members, mainly consisting of seasoned Web3 professionals from core cities such as Hong Kong, Singapore, Tokyo, Seoul, Dubai, London, Paris, and more.
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Chongqing International Friendship Cities Cooperation Conference 2024 kicked off on May 22. (Photo/Li Xinyi)
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