At the 2023 Hong Kong Web3 Carnival, participants and supporters from the early Ethereum China community, including Distributed Capital, Wanxiang Blockchain, SNZ, imToken, and Cancer, shared the 'Chinese story' of Ethereum's inception, while also offering their suggestions on Ethereum's future development, such as modularization, user experience, storage, and the Asian developer community.
Host:
Ross Zhang (Managing Partner of SNZ)
Roundtable Guests:
Jerry Liu (Co-founder of Waterdrop Capital)
Du Yu (Head of Wanxiang Blockchain Laboratory)
Ben He (Founder and CEO of imToken)
Roland Sun (Chief Legal Advisor of Fenbushi Capital)
Ross Zhang: Thank you all for coming to the Ethereum special session this morning. I know there are many surrounding activities lately, and today we invite some of Ethereum's earliest OGs to share some of the most interesting stories from Ethereum's early days, letting everyone understand the development of Ethereum.
Let me introduce myself. I am Ross, a managing partner at SNZ. SNZ was one of the earliest investors and supporters of Ethereum in 2014-2015, hosting many early community events for Ethereum. As a VC Fund, we have always been very supportive of the development of the Ethereum ecosystem, and we are also early investors and supporters of Arbitrum. I would like to invite the guests to introduce themselves.
Jerry Liu: Hello everyone! I am Jerry, but in the community, everyone is more accustomed to calling me 'Cancer.' I am the founding partner of Waterdrop Capital and have also participated in some crypto projects relatively early on.
Du Yu: Hello everyone! I am Du Yu from Wanxiang Blockchain Laboratory, and also the organizer of this event. Thank you all for coming here on Saturday morning after a long week.
Wanxiang Blockchain Laboratory is considered one of the earliest supporters of Ethereum in Asia and China, starting research on blockchain in 2014 and officially establishing a blockchain laboratory in 2015, promoting the development of the blockchain and Web3 industry in Asia, and also being an early supporter of the Ethereum ecosystem.
Ben He: Hello everyone! I am Ben, the founder of imToken. Personally, I saw the Ethereum white paper in 2014 and dove headfirst into the blockchain ecosystem. I was quite lucky at that time.
In 2015, I participated in a hackathon organized by Wanxiang Lab at the Deloitte building in Shanghai, which led to the birth of the imToken wallet. From the beginning, imToken was rooted in the Ethereum ecosystem, becoming the first mobile-friendly wallet for Ethereum in Asia. Now, after seven years of development, it has grown quite well with 15 million users and a distributed team.
Everyone will see that today when we talk about Web3, it still originates from Ethereum. Gavin Wood, the author of the Ethereum white paper, wrote an article on Web3 research very early on. I am happy to be here to share and discuss with everyone about the development history of Ethereum and its future direction.
Roland Sun: Hello everyone! I am Roland, the Chief Legal Advisor of Distributed Capital. Distributed Capital was founded in 2015 by Vitalik, Wanxiang's Xiao Feng, and Shen Bo. It is also one of the earliest blockchain investment institutions in the Asia-Pacific region and one of the earliest investment institutions in Ethereum. Over the years, we have witnessed the history of Ethereum's development, and I am glad to have the opportunity to share our experiences with you. Thank you!
Ross Zhang: Thank you all for your self-introductions. This roundtable is essentially a gathering of early friends of Ethereum, where many interesting events occurred early on. First, I would like to invite Cancer to introduce himself, as he participated in translating the (Ethereum white paper), and the Chinese name for Ethereum was also a product of his creativity.
Jerry Liu: Let's trace back to the first half of 2015, when blockchain was still very early, and there were very few people paying attention to this field. However, in Shanghai, some friends were frequently discussing it, organizing gatherings, and writing articles in early media like Babibit.
At that time, there were very few projects in the industry. I remember that the exchanges mainly had Bitcoin, Litecoin, BTS, and other projects. I was quite invested in the BitShares project, and Teacher Shen Bo was also very focused on it.
One day in February 2015, Teacher Shen Bo approached me and asked if I could translate the Ethereum white paper. At that time, he thought my writing was decent because I often published articles on Babibit, so he asked me to do this.
At that time, Roland and I also had an organization called 'Bitcoin Startup Camp,' which included Dahong Fei and the founder of SNZ, Guru. So I found Guru and worked together to translate the white paper, and then did this.
The Chinese name for Ethereum is also a topic that everyone enjoys discussing later. At that time, we didn’t think too much about it. Why was it translated into this name? Because 'ETHER' can be translated into 'Yi Tai' without issue, but what about 'EUM'? The root meaning is factory. I think Vitalik named it Ethereum because it can serve as a smart contract factory, allowing for many customized things.
At that time, I thought I couldn't translate it as 'Ether Factory,' so what characters should I use? The character '坊' in Chinese means factory or workshop, which should relate closely to Ethereum's original meaning. So, in the end, we settled on the name 'Ethereum,' which is the basic story from the very beginning.
At that time, the industry was still in its early stages. When the Ethereum project first emerged, not many people were paying attention. There was another member of the Bitcoin Startup Camp who came from Canada and had connections with Vitalik. He invited Vitalik to China for exchanges, and they visited Hangzhou, Shenzhen, and Shanghai for various activities, but the response was not particularly enthusiastic.
I remember when sharing in a café in Hangzhou, the audience's main reaction was that they couldn’t understand much and didn't know what exactly was being discussed. After Vitalik toured Hangzhou and Shenzhen, he felt that it seemed like there was nothing particularly interesting in China apart from exchanges and mining.
That was the general situation at the time. I also invite other guests to share their early stories and will share more later.
Ross Zhang: Thank you very much, Cancer. Next, I would like to invite Du Yu.
Du Yu: Actually, my entry into the blockchain industry started from reading the (Ethereum white paper). I first took the lazy route by reading the Chinese version translated by Cancer and then read the English version after that.
In 2014, 2015, and 2016, I had a personal viewpoint that Ethereum truly brought blockchain into the mainstream. Previously, people mainly talked about Bitcoin, thinking of it as simple financial applications for payments, like using it as gold, whereas the smart contracts on Ethereum allowed more people to realize the actual effects of blockchain technology and DLT.
I have always believed that without Ethereum, there would be no Web3 blockchain ecosystem today. In 2014, we invited Vitalik to a financial forum held in Hainan. The most valuable thing Wanxiang Lab did in this regard was that we were the first in Asia and even globally to bring Ethereum into mainstream institutions.
On one hand, we were the first major company to support the Ethereum Foundation, contributing $500,000 in 2015 when Ethereum was facing its toughest time. The willingness of a traditional Chinese company to support Ethereum also brought more confidence to the entire community.
On the other hand, we saw various possibilities that Ethereum could bring in the future, so we took Vitalik around to meet various financial institutions and different government departments in Asia to help them better understand what blockchain is. Blockchain is different from Bitcoin. At that time, when people mentioned blockchain, they first thought of Bitcoin, and more often than not, negative information associated with Bitcoin. We hoped that through Ethereum's new structure, people would see more future applications brought about by blockchain technology and smart contract technology.
Looking back at all these events, we have done many interesting things. However, at that time, the most important thing, besides the community knowing and supporting Ethereum, was that we brought Ethereum into the mainstream and into the regulatory perspective.
Everyone looks back and sees that even in mainland China, which has the strictest regulations on blockchain and crypto, everyone, whether from regulatory bodies, financial institutions, or enterprises, has maintained a very positive attitude towards Ethereum over the years. This is also the most important result of the efforts we made together with everyone here at that time.
Ben He: I want to share some interesting memories. I believe many of you here are imToken users. imToken submitted its first BETA version for iOS on November 11, 2016. I believe relevant users are also in the audience.
Earlier, when discussing the white paper, I was in the IT industry working on technology and products. I saw Bitcoin very early on and tried to use the Bitcoin client to receive Bitcoin and experience it, but at that time, I had many misunderstandings and doubts about digital currencies and did not deeply participate.
Until I saw the Ethereum white paper in 2014, which mentioned that various decentralized applications could be built on smart contracts through blockchain technology, I was deeply moved by this narrative.
Looking back, most of the decentralized applications mentioned in the white paper have already been realized. For example, token types, whether it’s issuing tokens through ICOs or various project parties using tokens for fundraising and airdrops, tokens have become very important applications and were validated during the ICO boom in early 2017.
In 2018 and 2019, applications continued to deepen, with DeFi decentralized applications becoming particularly popular, validated by sufficient use cases, including decentralized markets and storage. The previously mentioned smart contract wallets and AA accounts were all described in the white paper.
Looking back, the insights provided by the white paper and the visions described for the future have all been fulfilled one by one. imToken designed its product in 2016, and the design thinking at that time was also aimed at realizing this vision. In the early entrepreneurial stage, we aimed to integrate technology and products to meet user needs.
Looking back at these events, they are all happening, and the potential of the Ethereum platform is limitless. Today, I see so many entrepreneurs flooding in, and I have great confidence in the policies and capital that are fostering this soil, leading to the explosive growth of the entire blockchain ecosystem.
Ross Zhang: I want to particularly mention that imToken was the first mobile wallet I used. I also saw imToken's early product development and feel very emotional about it. Next, I would like to invite Roland.
Roland Sun: Let me share an interesting story from the past. Ethereum was first brought into China by Shen Bo. Back in 2014, Shen Bo told me about Ethereum, but I didn’t quite understand what the Ethereum project was about because the concept was just too new.
In the first half of 2015, Shen Bo brought Vitalik to meet Xiao Feng for the first time. Coincidentally, why did he bring Vitalik to meet Xiao Feng? Although Ethereum hadn’t launched yet, Xiao Feng had already published profound insights about blockchain in early 2015. It was hard to imagine at that time since Xiao Feng came from a traditional finance background, not a technical expert. He was initially involved in Bitcoin investment and had a background in securities, being the founder of Bosera Funds.
At that time, Shen Bo was very impressed by an article by Xiao Feng and immediately brought Vitalik to find various opportunities to meet Xiao Feng. Their first meeting at the airport was very speculative, and later they began to have deeper interactions. In 2015, they did at least two important things: one was the $500,000 investment in Ethereum by Wanxiang Lab, which solved Ethereum's important funding issue and relieved an urgent need. I drafted the contract.
The other three people organized the establishment of Fenbushi Capital, and all three were founding partners. Due to international reasons, Xiao Feng mainly operated domestically, while Shen Bo and Vitalik operated mainly overseas, with differing business regions but basically using the same brand.
In 2015, Wanxiang held the first Chinese blockchain conference in Shanghai, and now it has been eight years, which is not easy. Since then, blockchain has entered the mainstream world in China. Looking back at Ethereum itself in 2015, not many people in the world could understand it. At that time, Teacher Shen Bo was still the CEO of BitShares, and Cancer was the person who researched BitShares the most in China.
At that time, we internally discussed these two projects, BitShares and Ethereum, both of which have revolutionary significance. However, from the perspective at the time, comparing the two felt a bit strange. BitShares' underlying structure already had its own series of applications set up, which are still quite innovative today, creating the earliest decentralized stablecoins and Oracle models—very revolutionary.
However, all the apps are developed by the founders themselves, and they are on a blockchain that is not very open but rather specifically serves their own apps, leading to tightly bound DAPPs with their own blockchain, which is an exclusive relationship, a relative traditional model.
Ethereum is completely the opposite; Ethereum itself has no applications. The Ethereum Foundation does not develop any applications but provides infrastructure. I position myself as a smart contract platform, where all DAPPs are developed and deployed by third parties without any permission, similar to Android, where Google developed the open-source operating system but does not develop any apps itself, allowing all third parties to develop.
From the perspective of that time, BitShares moved a bit faster because on the very first day of Blockchain's launch, the DAPPs on BitShares were already deployed and usable. In 2015, I discussed this issue with Shen Bo because he always wanted to create a decentralized exchange. By 2015, BitShares' decentralized exchange had already begun operating, and I remember that the TPS efficiency of BitShares 2.0 was also quite good, basically usable. In version 1.0, it might have been a bit slower, but in 2015, Ethereum's basic platform was not particularly perfect, let alone having various DAPPs on top.
I remember at that time, Teacher Shen Bo asked Vitalik when a high TPS platform would be developed to allow him to create a DEX. Vitalik replied that it might take a few years and would require sharding to complete, as the main consideration at that time was the sharding solution, but state sharding is a massive project. In 2015, Vitalik said it would take four to five years, while Teacher Shen Bo said he couldn't wait that long and wanted to operate a decentralized exchange right now.
Although later Ethereum chose a solution that was not sharding, relying instead on Rollup, because Vitalik changed this several times, he ultimately decided that Rollup was a better solution. When Rollup was not yet up, DEXs technology had already begun, and DeFi represented by DEXs had already emerged, roughly around 2019, coinciding with the ideas of that time.
Ross Zhang: What everyone shared just now is the story from Asia. I would like to briefly share from the other side of the world, from the birthplace of Ethereum, Canada.
As you know, Vitalik is Canadian, and Ethereum originated in Toronto, Canada. In 2015, I noticed that people began discussing this, and as a computer science student, I was relatively sensitive to technology. However, by that time, I had already started investing at the Canadian pension fund, which provided me with a unique perspective.
I saw that in Toronto, there were early supporters of Ethereum who organized the earliest Ethereum Meetup, with participants including Vitalik, Gavin Wood, Joseph Lubin, Anthony Dilorio, and other co-founders of Ethereum, as well as the earliest community members and Web2 geeks at that Meetup.
At that time, I didn't quite understand it. I felt that from a technical point of view, this matter was still very early, both in development and operation, it was particularly slow, and everyone was wondering whether this could actually succeed.
At that time, I was at a Canadian pension fund. I felt this made a lot of sense because I could see the changes it could bring to the financial world, especially in enhancing capital efficiency and trust. So, I established a blockchain research group within the Canadian pension fund, which started with 10 people, and by the time I left, it had grown to about 100.
At that time, we invited Vitalik and Joseph Lubin to explain what smart contracts are, their usefulness, and what projects would be on Ethereum. We were quite early to focus on Ethereum and share early stories from the birthplace of Ethereum in Canada.
As everyone knows, Ethereum completed the Shanghai upgrade on the morning of April 13, Beijing time. As Ethereum develops, what do you think are the most important milestones, especially after the Shanghai upgrade, regarding Ethereum's development?
Jerry Liu: When talking about the milestones in Ethereum's development, I can't quite recall the specific dates, but I can remember a few key nodes.
The first node is the mainnet launch time, which should be around July 2015. At that time, Gavin Wood created the EVM single-handedly, customizing the Ethereum standard. No one expected that EVM would later become the industry standard, and everyone was amazed that smart contracts could actually be realized.
The second node is the ICO craze, where everyone realized that they could issue assets on Ethereum and raise funds in this way. Many projects emerged, and of course, many of them were speculative and bubbles, but it also left behind many projects that are genuinely focused on long-term innovation in the industry.
The third node is the early practice of NFTs, including the well-known 'CryptoKitties' project, which showed everyone another possibility for assets. Before this, people usually traded homogeneous assets, but CryptoKitties opened up the potential for non-homogeneous assets and opened a bigger window for human finance.
The fourth node is DeFi Summer, where a large number of decentralized financial practices began. Of course, some of these practices, such as farming, now seem unsustainable, but many financial business models have been proven to be viable and have been preserved, such as collateral lending and the AMM model of decentralized exchanges, which have become standardized components of the industry.
The road continues to extend. I believe that many more financial business models will be discovered and sustained in the future, bringing more possibilities to human financial practices.
The fifth node is the Merge, which has been postponed countless times. I didn’t expect it to be completed so smoothly during the last successful operation. For many Ethereum fans, it really felt like a weight had been lifted, and everyone could forget the worries of the past and look further ahead.
The biggest significance of this upgrade in Shanghai is that liquidity has improved, and it can even be said that it has pioneered the LSD track, allowing Ethereum's staking and collateral business to grow into a track comparable to Bitcoin mining. This is my basic view.
Ross Zhang: Thank you, Cancer. There was a point that resonated with me. At the beginning, no one thought Ethereum was originally primitive, quite simple, and had a slow operating speed, but it has gradually achieved the milestones set out in the roadmap step by step, despite the major switches in the process, with hundreds of millions of dollars' worth of assets operating smoothly on it. This is the result of the collective efforts of the entire Ethereum community and developers.
Du Yu: The goal stated in the (Ethereum white paper) is to 'become the world computer,' but today, Ethereum is not a world computer; it has become a financial infrastructure. As we have come this far, it has become an important financial infrastructure in the Web3 world. From another perspective, the emergence of various new asset protocols is the most crucial node.
From the earliest ERC20, originally issuing tokens required setting up your own chain, which was a high barrier. With the introduction of ERC20, anyone could issue their own tokens in just a few minutes. Subsequently, ERC721 represented more non-standard assets in the world, and the 1155 series of asset protocols emerged, which are among the most important infrastructures in Ethereum's development history.
Today, Ethereum continues to develop at different stages. In the past few years, it has been more about asset protocol infrastructure. In the past year or two, it has been more about financial infrastructure, but there are still issues with performance and costs. So today’s trend has shifted to how to enable Ethereum's various Layer 2 and Layer 3 to support larger-scale applications. Different stages have different focuses and missions.
Ben He: Let’s take a brief look back at Ethereum’s development roadmap. Everyone knows that early on, there were four stages planned. The first stage went live in July 2015 as a BETA network. The second stage officially launched on March 14, 2016, as the first public release version. The third stage saw the explosion of DAPP applications and DeFi, leading to a flourishing ecosystem.
Now entering the fourth stage, there have been many adjustments around Ethereum based on two lines. One line is how to transition from PoW consensus to PoS. Last year's Merge confirmed that Ethereum has entered the PoS stage, and the Shanghai fork on April 13 allows everyone to freely withdraw based on Staking. This is an evolution around the consensus protocol. From the initial idea of Ethereum, to the creation of the white paper, to the entire roadmap, there has been basically no change. It’s just that the time cycle consumed has been very long, with numerous delays, and the 'bomb' has been dismantled many times, resulting in many delays in state.
The second line is focused on scalability. From the beginning, there was state sharding, and later Vitalik mentioned that Rollup's vertical approach would be the direction for scaling. The first line has reached a milestone, with PoS entering a stable state after almost a year of operation. The future development of Ethereum's roadmap will revolve around applications, guided by Rollup, as Ethereum moves forward from Merge towards The Search, aiming to create better, low-cost scalability for Rollup through protocol upgrades.
For imToken, this is very important because wallet services need to extend to applications for a broad user base. Scalability is crucial to bringing blockchain and Web3 to every household and ordinary people. I am very much looking forward to Ethereum's development in the upcoming roadmap, continually expanding at low cost and high performance to achieve throughput similar to traditional Web2 internet.
Additionally, there’s the user experience, such as how protocol layers drive AA abstract accounts, focusing on how to lower the threshold and reduce security risks for users. For protocol layers to pave the way for application layers, how wallets can better lower user thresholds and enhance experiences. This will allow users to feel both at ease and secure, carrying an increasingly rich ecosystem of applications.
Ross Zhang: Thank you, Ben. Ben just mentioned the ancient term 'tranquility.' This was actually part of the planning when the Ethereum white paper first started. Later, everyone began to talk about Ethereum 2.0, and now we discuss Merge, Verge, Purge, Splurge, and Ethereum's new roadmap. We see that the roadmap is becoming more detailed and increasingly adjusted based on technological developments.
Due to time constraints, I have one more question I would like everyone to share about. Stepping outside the Ethereum ecosystem, as OGs in the blockchain and crypto industry, do the guests have anything to share with everyone? Please feel free to make brief remarks.
Roland Sun: Personally, I feel that studying blockchain cannot be separated from Ethereum. Ethereum provides the current development paradigm for the blockchain industry. Many other projects are learning from Ethereum to varying degrees. Although they have their own characteristics, under the overall framework, there is currently nothing that surpasses Ethereum in the blockchain industry. Perhaps there will be in the future.
How will Ethereum develop next? What will the next blockchain bring? I see some potential development directions. Initially, Ethereum aimed to promote sharding for scaling, but now it has switched to promoting Rollup as a more realistic solution. This includes OP Rollup and ZK Rollup, represented by Arbitrum, which may mature in the next one or two years, and their efficiency is quite high. Most DAPPs consider deploying on Rollup because it is efficient and has low costs.
The main issue for Ethereum going forward is how to solve the relationship between the main chain and Rollups, specifically, who captures the value? Ethereum may consider this in the future. Currently, Rollups generally pay gas fees in a one-time package to the main chain, saving a lot of gas fees that DAPPs themselves would incur. However, how to allocate the interests between the two is a significant issue going forward.
From another perspective, many are also researching the modularity of blockchain. The partner from ConsenSys just mentioned the issue of Blockchain and Merge Blockchain. Initially, the thought was to look at the issue of scalability from another dimension and to delegate state matters separately to create a decentralized network. This is also a current possibility, to delegate Ethereum's state to create an independent network.
Currently, the business model of Rollup requires codata, obtaining data from the main chain. However, Ethereum's gas costs are relatively high. In theory, in the future, there may be a dedicated network to provide state data requests, as this would be cheaper. This modularizes the blockchain from another dimension, and there may be many modularized components in the future, including sorters, which are also significant and closely related to MEV.
Including the storage issue that Ethereum has not yet solved. Currently, Ethereum does not have a storage network, and all on-chain data cannot be defined as storage. However, the total data in the entire network world far exceeds the several hundred GB of data on the Ethereum chain; they are not in the same order of magnitude. Web3 will essentially draw in all internet data in the future, and a decentralized storage network is also necessary, not necessarily done by Ethereum itself, as many decentralized networks already exist.
In the future, how to call data from decentralized networks for all chains and Rollups running businesses will also be a significant topic. This is the current thinking, but there is no clear answer.
Ben He: As mentioned earlier, for the application layer, users are most concerned about how comfortable and secure the experience is. Looking back at the blockchain's 'impossible triangle' of security, decentralization, and scalability, scalability is the issue that is currently being addressed. As industry builders, users need to be more patient. First, we must ensure security and decentralization, and then make further breakthroughs on scalability. I hope everyone can be more patient, as good things will eventually happen.
Du Yu: First of all, the modularization of Ethereum is particularly good. I originally studied communications. Everyone sees that the internet protocol stack is made up of various protocols stacked together. In the future, Ethereum will be like the HTTP and IP protocol stacks, where everyone is part of the protocol layer. To some extent, Ethereum will become a very important infrastructure in the Web3 world, and everyone will interact with Ethereum through layer 2 or various Web3 protocols.
Second, the voices of the developer community and Builder community in Asia are becoming smaller in the Web3 and Ethereum ecosystem. We hope to attract more good developers to enter Web3 through the Hong Kong event. The US and China have the most talented developers in the world. There is a complete talent training and education system, and we hope to bring more good talents and builders into the Web3 and Ethereum ecosystem to accelerate the arrival of a better future.
Jerry Liu: I want to focus on the impact of blockchain technology on the financial system. Vitalik once wrote an article analyzing the importance of various ecosystems of ETH, several of which are related to the financial system, discussing a general sense of currency ecology, stablecoin ecology, and DeFi ecology.
What does ecology mean in a general sense? It’s like gold in the traditional financial world. In the past six months, the Chinese central bank has been purchasing a lot of gold. In the current traditional financial world, gold remains a fundamental asset in the financial system. In the crypto world, assets like BTC and ETH can also be viewed as fundamental assets that support the crypto financial system, where stablecoins can be seen as relatively safe assets for ordinary people without too many concerns.
Currently, discussions around stablecoins are still in the early stages because the biggest problem is that the so-called stablecoins still rely on fiat currencies, still need to be pegged to the US dollar, meaning they are tightly connected to traditional finance in a significant sense.
I believe that in the future, there will definitely be stablecoins that do not rely on fiat currencies, and at that time, the reliance on traditional finance will be minimized. For example, the US dollar; Americans often say the dollar is their currency, but that’s your problem. I believe that in the crypto world, such a stablecoin may be created that does not rely on any specific credit to have an impact. I think at that time, the influence of the crypto world and blockchain technology on finance will go even deeper.
DeFi is slowly advancing down the path of financial disintermediation and self-custody. In the Web3 world, there are many DAO organizations, one of which is a large organization called Bankless Dao, currently allowing people to trade without relying on banks. I believe this vision should be realized in the future. Ultimately, blockchain technology will bring everyone a world that is freer, more decentralized, and where they are responsible for the security of their own assets.
Ross Zhang: Thank you, Cancer. What he just mentioned, about the blockchain native asset, is called 'ultrasound asset' in the Ethereum community. I also agree with what Roland just said, that discussions about blockchain cannot be separated from Ethereum. In my personal experience over several cycles, there’s a saying that things that are separated will eventually come together, and things that come together will eventually separate. Everyone sees the issues with Ethereum and tries to solve them in different ways, but in the end, they might return to Ethereum. That’s my biggest feeling. Due to time constraints, I want to thank all OGs for sharing today and everyone for listening.
2025 Hong Kong Web3 Carnival event preview.
From April 6 to 9, 2025, the highly anticipated '2025 Hong Kong Web3 Carnival' will be grandly held at the Hong Kong Convention and Exhibition Centre Hall 5BCDE. The Web3 Carnival is a Web3 event brand jointly launched by Wanxiang Blockchain Laboratory and HashKey Group, and is organized by W3ME.
The previously held 2023 Hong Kong Web3 Carnival and the 2024 Hong Kong Web3 Carnival were both huge successes, bringing together over 250 cutting-edge exhibiting projects and inviting over 800 industry leaders for in-depth exchanges, attracting over 80,000 on-site audiences and offering over 300 rich and colorful peripheral activities. Keynote speakers included Chen Maobo, Financial Secretary of the Hong Kong SAR Government, Vitalik Buterin, co-founder of Ethereum, and Cathie Wood, CEO and CIO of ARK Invest.
As the third consecutive event, based on the reputation and global influence accumulated from the previous two events, the scale of the 2025 Hong Kong Web3 Carnival is expected to reach tens of thousands, continuing to gather elites and cutting-edge projects in the global Web3 field to explore the infinite possibilities of Web3 technology, bringing an unprecedented technological feast to global attendees. This carnival will cover an area of over 14,000 square meters, 1.5 times larger than previous venues, providing attendees with a more comfortable and rich experience.
Here, there is not only a uniquely designed exhibition area for popular Web3 projects, allowing attendees to experience the latest trends in the Web3 ecosystem at one stop, but also top experts, scholars, and entrepreneurs from around the world discussing the latest advancements in Web3 technology, industry trends, policies, regulations, application scenarios, and more, bringing attendees a feast of knowledge and intense intellectual exchange.
Not only that, but the 2025 Hong Kong Web3 Carnival will further expand the entertainment, interaction, and social experience areas, allowing attendees to experience the fun and changes brought by Web3 technology firsthand, such as participating in NFT art exhibitions and experiencing metaverse games. At the same time, the rich social activities will provide attendees with excellent opportunities to meet new friends and expand their networks, jointly building a vibrant Web3 community.
As the 2025 Hong Kong Web3 Carnival approaches, the organizers are actively preparing various tasks. The early bird tickets, priced at only $299, are now on sale. Hurry to the event's official website to buy tickets! We look forward to meeting you in Hong Kong to discuss development and work together to promote innovation and application of Web3 technology, jointly creating a beautiful future for the Web3 era!
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For more related information, please read:
Global cryptocurrency companies are turning to Hong Kong in search of refuge and opportunities.
The 2025 Hong Kong Web3 Carnival is scheduled to be grandly held in April next year.
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