On April 8, as the applause of the last speech gradually faded away, the 2024 DePIN Global Hardware Conference came to a successful conclusion on the glorious stage of Hong Kong Cyberport. This technology event, hosted by Techub News and sponsored by JDI Global, brought together the co-organizers of CGV and Web3Labs, as well as the strong support of well-known institutions such as Cyberport, UWEB, CRYPTOMERIA CAPITAL, UtilityNet, Port3 Network, Azen, Deeper, X3Link, U2U Network, CYSIC, Network3, DeepBrain Chain, DeepLInk, Titan Network, BOINC AI, DeAI, PowerPod, CESS, etc., and successfully attracted the attention and attention of the world. After in-depth exchanges and wonderful presentations, the conference not only painted a grand blueprint full of hope for the global hardware industry, but also conveyed the power and potential of hardware innovation to the world. At this moment, we stand at a new starting point and look forward to a brighter future for the global hardware industry with confidence.
At the beginning of the conference, Hong Kong Legislative Council member Wu Jiezhuang delivered a speech. He emphasized Hong Kong's unique advantages in developing a deep physical infrastructure network (DePIN). As a huge economy and a "one country, two systems" city with an effective common law system, Hong Kong not only has huge market potential, but also has unique advantages in financial innovation and geographical location. Councillor Wu vividly demonstrated the convenience brought by the combination of blockchain technology and physical infrastructure through the example of last year's Beijing football match, highlighting the important role of DePIN in breaking through the limitations of physical space and promoting technological development.
Next, Zhao Hanchang, project consultant of the Special Duties Team of the Financial Investigation Division of the Hong Kong Customs, explained the Customs OTC policy. He said that the Customs will continue to introduce OTC business within the scope of supervision and welcome valuable opinions and suggestions from all parties. The introduction of this policy aims to provide a more flexible and convenient regulatory environment for the development of new technologies such as DePIN.
In her speech, Amanda, Vice President of Web3 Labs, emphasized the mission of Web3 Labs, which is to help global Web3 companies land in Hong Kong and accelerate the development of the industry through its service system. She believes that Hong Kong, as a financial center with an open legal environment and many advantages, is an ideal place for the Web3 industry. At the same time, Amanda also pointed out the challenges faced by Web3 companies and said that Web3Labs will actively respond to the policies of the Hong Kong Special Administrative Region Government and provide landing services and technical cooperation support for global Web3 companies.
At the ceremony of JDI Global and Web3 Labs jointly launching the DePIN acceleration plan, JDI Chairman Mr. Wang Yiming, Web3 Labs representative Mr. Huang Junlang, and CGV's Mr. Kevin took the stage together. Mr. Wang Yiming emphasized three important directions for the future: home space, mobile space, and human peripheral applications. He believes that many DePIN projects should be built around these specific spaces to create more attractive stories and attract more people to join the DePIN ecosystem. Mr. Kevin and Mr. Huang Junlang also agreed and look forward to this cooperation to promote the development of the Web3 field. This brief exchange shows the common expectations and confidence of all parties in the DePIN acceleration plan.
Subsequently, Yu Jianing, president of UWeb, released the DePIN report. In the report, he emphasized the great transformative role of DePIN in future infrastructure construction and corrected people's misunderstanding that DePIN is just hardware mining. He believes that DePIN, as an important way of mental productivity and infrastructure construction, combines blockchain technology with industry to realize the vision of empowering entities and promoting industrial development. President Yu also shared his love and expectations for DePIN and emphasized the importance of DePIN in future technological development and the rise of digital wealth.
Helium Foundation CEO Abhay outlined the history of Helium and its role in the DePIN ecosystem. He pointed out that DePIN is a physical infrastructure network that uses token incentives to create a market. For the wireless network supply side, DePIN involves coverage creation, and token incentives guide this process. On the demand side, tokens provide utilities to allow people to use the network. Abhayr used the example of urban Internet access to illustrate that DePIN solves the problem of traditional network licensing and provides convenience for mobile devices. In short, his speech emphasized the key role of Helium and DePIN in building wireless network infrastructure and the importance of token incentives.
Jan, CTO and cryptographer of Dfinity Foundation, emphasized the importance of decentralization in his speech, believing that it is the key to building a secure system without single point of failure. He mentioned that decentralized systems like the Bitcoin network have existed for many years and have never been hacked, which is the best proof of decentralized security.
Jan pointed out that the goal of decentralization is to build a secure system with no single point of failure. He proved the security of the decentralized system by comparing the fact that the Bitcoin network has not been hacked for many years. He said that ICP is a distributed network built from the bottom up, owned and governed by the community, and supports artificial intelligence. Unlike traditional blockchains, ICP has the conditions to enable users to access the blockchain using only mobile phones without tokens, solving the real needs of users.
In his speech, Alex, co-founder of Dimo, introduced Dimo's project: an open network of connected cars designed to help people make the most of their vehicles and control their data. He emphasized the importance of cars in the field of IoT and blockchain, because cars are the most expensive IoT devices owned by most people, and the scale of the automotive industry far exceeds the sum of other devices. He also mentioned that the automotive industry currently has data silos, and Dimo is committed to breaking down these barriers. In addition, Alex mentioned that car-related transactions involve a lot of expenses, such as insurance, maintenance and other factors, and data can make these transactions more efficient. Dimo has begun to establish vehicle identity standards and plans to record and maintain this data throughout the vehicle life cycle to improve transparency and efficiency.
Kuleen, head of DePIN Solana, emphasized the importance of distributed infrastructure in modern society, such as the Internet, power grid, and data storage, which are all based on distributed networks. However, these networks are expensive and complex to build, and often become highly centralized, leading to unfairness.
He believes that DePIN is the key to solving these problems. The uniqueness of DePIN lies in its ability to effectively solve the many challenges faced by distributed infrastructure. Through DePIN, we can build a more fair, transparent and decentralized world.
Finally, Kuleen called on the DePIN developers present to build their projects on Solana, because Solana provides an ideal environment to support the development of DePIN. His speech not only gave people a deeper understanding of Solana and DePIN, but also inspired people's enthusiasm for building a fairer and more decentralized society.
Aaron, founder of Monnchain, introduced Monnchain in his speech as a holding company focused on cryptocurrency that has been working on ambitious projects since its inception in 2018. He emphasized that Monnchain's core focus is games, NFTs, and the open metaverse. Through community and DAO participation, Monnchain actively supports portfolio companies in high-conviction investments in strategic operations. Aaron said that Monnchain is not only a chain, but also a complete ecosystem. He predicted that by 2024, we will witness the rise of DePIN. He listed some of Monnchain's key advantages, including the successful deployment of more than 45,000 global IoT gateways and the possession of a large IoT network. In addition, Monnchain's robust blockchain allows IoT devices such as smart watches and glasses to access, adding more possibilities to its ecosystem.
Tsang introduced Utility net as a brand new Layer1 blockchain. Utility net is based on a decentralized digital chip network. Each physical chip has a unique corresponding RWA mapping wallet on the chain. Through this innovative hybrid encryption protocol, it is possible to obtain incentives without wasting computing power, and the redundant computing power can be rented to users who really need computing power at a very cheap price. It is expected to drive a large amount of private capital to participate in the construction of actual AI computing power infrastructure, which coincides with the window for the development of new quality productivity in ai+ and Hong Kong. "
In the speech of Boinc developer Qingniao, he emphasized the importance of artificial intelligence in today's work and study, and pointed out that distributed computing power networks are the key to the future. He believes that the existing artificial intelligence computing power has a monopoly problem, which requires an open and decentralized platform to solve. He introduced how DPN (distributed computing power network) provides data from the real physical world and redefines the relationship between computing power and people. He mentioned that computing power is the engine of artificial intelligence, while algorithms are the gearbox and data is the source. In order to promote the commercialization of artificial intelligence, sufficient, open and transparent computing power is needed. Finally, he introduced how Boinc AI achieves the decentralization of computing power, algorithms and data through the original PUVC computing power value consensus algorithm to promote the development of artificial intelligence.
Allen Ding, founder of Ebunker.io, shared his extensive experience in Ethereum and DeFi in his speech, and introduced the achievements of his company eBonker in blockchain infrastructure. He emphasized the importance of decentralization of Ethereum network verification nodes and launched a new product, Ebunker, to help users get higher returns. In addition, Ding also launched the debunker platform to provide liquidity for low-payment, solve the limitations and problems in the low-payment process, and enable more people to participate in the encryption field. He believes that low-payment is the key to the popularization of blockchain technology, so he focuses on this direction. During the speech, he also conducted on-site research and found that many people did not know enough about low-payment, so the launch of debunker will provide them with better opportunities to participate. Finally, Ding thanked everyone for listening and said that he would continue to work hard to promote the development of blockchain technology.
In today's roundtable forum "DePIN's Investment Logic", we invited guests from different backgrounds and fields, including investment institutions and project parties, to discuss the investment logic in the DePIN field. The guests introduced their own institutions and projects, and shared their investment experience and views in the DePIN field. Among them, Tony, partner of NGC Ventures, introduced the DePIN project they invested in and emphasized the importance of Web3 Global Fund in the DePIN field. Eraser, founding partner of SevenX Ventures, shared their investment experience and views in the DePIN field and said that they are actively looking for potential DePIN projects. In addition, Starpower CMO Unai introduced how they help DePIN projects with market promotion and brand building. Rock, founder of Network3, said that "the DePIN project is not achieved overnight, but requires time accumulation. First, the points system is launched, and the test network is run for a period of time to iterate the project. When the project is truly stable, it will go to the official network." Forest said that they not only pay attention to investment in the DePIN field, but also provide all-round coverage and analysis for the industry through media platforms. The atmosphere of the whole forum was warm, and the guests actively interacted, bringing a wonderful roundtable forum to the audience.
Felix DBC Speaker's speech emphasized the uniqueness and forward-looking nature of the Deep Brainchain project. He recalled the loneliness at the start of the project and the initial attempts to combine AI with Blockchain, and was impressed by the booming development of DePIN and the AI Blockchain field many years later. He introduced the core of the DBC project - decentralized cloud computing power, and demonstrated the rapid development of its full network computing power and technology. At the same time, he also pointed out the differences between peer projects and emphasized DBC's open source, global coverage and cost-effectiveness. He is optimistic about the future growth of AI computing power and said that the DBC project provides retail investors with the opportunity to participate in the development of the AI ecosystem. Finally, he looked forward to the application prospects of AI training and reasoning, cloud games, cloud Internet cafes and mining, and emphasized the importance of decentralized computing power in the growth of AI hardware demand.
Ting Du Powerpod's speech emphasized the importance of energy in artificial intelligence and the global energy revolution. He demonstrated the importance of energy in daily life through his personal experience, especially the power shortage he faced during the epidemic, which made him deeply aware of the importance of energy. He believes that although everyone is talking about artificial intelligence at present, the development of artificial intelligence cannot be separated from the support of energy. In the future, energy will become a basic element and universal currency that is as important as AI in the DePIN era. He also pointed out the problem of electric vehicle charging, that is, the lack of charging facilities has limited the popularity of electric vehicles, which is also one of the problems that need to be solved in the global energy revolution. Therefore, he called on everyone to pay attention to energy issues and jointly promote the development of the global energy revolution.
Alex Mukhin, co-founder of Cryptomeria Capita, gave us an in-depth speech. He first introduced his background. As a co-founder of several companies, his business covers investment funds, media and entertainment projects. Their investment fund Cryptomeria Capital is a global investment fund supported by Accent Partners, the largest traditional asset management company in Europe. In addition, they also operate a global technology media Ampost and an entertainment project Satoshi Universe based on blockchain technology.
Alex emphasized that their company has made significant contributions in the industry, providing a large number of institutional-level reports and covering multiple aspects. He then turned to one of their upcoming special reports, State of the Pin. The 180-page report contains in-depth analysis, insightful comparisons and a wealth of information, making it an important report in the field.
In his speech, Felix Xia Azen Network presented us with a vision of a decentralized, flexible and easy-to-use platform. This platform is designed to support the call of resources such as CDN, GPU, CPU, etc., providing developers with convenient and efficient tools. He demonstrated their professional capabilities in distributed computing and low-frequency project development by sharing his research background and team achievements. In particular, his innovative ideas of simplifying complex problems into simple APP development and scheduling resources through NFT and smart contract were impressive.
In addition, Felix also emphasized the idea of creating wealth for the rich and giving opportunities to the poor, and proposed the idea of using idle mobile phones for meaningful "mining". This idea not only has social significance, but also demonstrates the inclusive value of technology. At the same time, his exploration of social media customer acquisition and building a project ecosystem also provides us with new perspectives and thinking.
Max, CEO of Port3 Network, gave a speech that showed the deep strength of Port3 Network in the field of AI services. He emphasized that the team has quickly built many things in two years, including infrastructure, middleware, and applications. He also thanked the partners for their support and revealed that the company is working closely with Solana and Okis and trying to build its own chain. In his speech, Max also mentioned the number of users and partners of the company, highlighting the company's achievements and influence.
DeepLink Strategic Manager Cherry's speech introduced DeepLink's technical features and market prospects as a decentralized AI cloud gaming platform. She emphasized the rapid growth of the cloud gaming market and how DeepLink has solved the two major technical problems of the cloud gaming industry through the combination of AI and blockchain technology: low-latency, high-resolution gaming experience and hardware investment costs. She also introduced how DeepLink uses blockchain technology to incentivize miners to provide stable services, reduce operating costs, and allow users to participate in project growth dividends. Finally, she demonstrated the application of DeepLink in multiple fields such as remote control tools, cloud gaming platforms, cloud Internet cafes, and cloud XR, and emphasized that "the cloud gaming market valuation will exceed 6.5 billion in 2024. This is a very fast-growing industry. DeepLink, a DePIN project based on cloud gaming, can provide a cloud gaming solution to help some commercial games or oil refining project parties improve player retention and increase the number of players."
The theme of the roundtable forum was "What's different about this round of DePIN?", and many guests from different fields were invited, including investment institutions, start-ups, technical experts, etc. The forum was hosted by 0xZane, investment director of CGV.
The focus of the forum was to explore the hot spots of the current DePIN project and the differences from earlier projects. The guests generally believed that although the concept of DePIN is similar to earlier projects, the current market environment and technological development have given it new opportunities. They emphasized the important role of blockchain technology in the digital world, especially its combination with AI, hardware and other fields, which provides new growth points for DePIN.
The guests also pointed out that the key to the success of the current DePIN project lies in whether it can become a new type of traffic entrance and achieve widespread application. At the same time, they also discussed the potential application scenarios of DePIN in the fields of Web3, AI, hardware, etc., as well as the challenges it faces, such as technical compatibility and market acceptance.
This roundtable brought together experts in the fields of payment, renewable energy, Internet and mobile travel to discuss the challenges and opportunities of DePIN technology. Moderator Alma guided the guests to discuss in depth the application prospects and obstacles of DePIN technology in various fields.
Adam Farhat emphasized the impact of regulatory restrictions on the widespread application of DePIN technology and proposed the need to strengthen communication and cooperation with regulatory agencies to promote industry compliance. Fredrik Ahlgren saw the potential of DePIN in the field of renewable energy and believed that technological innovation and user education were the key to promoting its application.
From the perspective of Internet technology, Chloe Phung believes that DePIN technology can bring better user experience and business innovation to the Internet field, but it needs to adapt to the rapidly changing market demands and technological trends. Dayon Elings looked forward to the application prospects of DePIN in the field of mobile travel, pointing out that the challenges of technical difficulty and market acceptance need to be overcome.
In general, the 2024 DePIN Global Hardware Conference is a meeting point of technology and innovation. It not only brings together elites and leaders in the global hardware industry, but also demonstrates the huge potential of new technologies such as DePIN in promoting industry development and changing lifestyles. With the continuous development and application of these new technologies, we have reason to believe that future technology will be more convenient, intelligent and beautiful. We look forward to meeting again at the next DePIN Global Hardware Conference to explore the forefront of technology and open up unlimited possibilities in the future!
