On April 16, global crypto exchange LBank hosted the fifth edition of its Twitter Space “New Narratives”, where experts discuss the blockchain industry. For this edition, the Space focused on the latest developments and regulations for the Web3 space in Hong Kong, the GameFi industry, and NFTs. Thousands of listeners tuned in to hear leading experts give advice on how to navigate the rapidly changing landscape of crypto. This article compiles some of their best statements.
1. Johnason Chan, LBank Co-Founder
“The influx of mainland Chinese individuals traveling to Hong Kong for crypto-related activities is caused by the impact of regulatory policies on digital currencies in mainland China. Previously, regulation prompted many Chinese investors to leave for other countries such as Singapore, Dubai, and North America. However, the recent Web3 Festival conference emphasized Hong Kong’s growing importance as a new innovation and export hub for digital assets. I recently discovered a USDT exchange within Hong Kong, which highlights the city’s openness and ability to embrace emerging technologies. There may also be opportunities for cooperation between Hong Kong and Singapore in the future.”
2. Dr. Felix Xia, Founder of Metavers Labs Limited
“Different regions boast different strengths. Denver, for instance, is seen as a world-class spot for technology summits, while Singapore is a financial center in Asia and a hub for Web3. Hong Kong, on the other hand, has the infrastructure and financial innovation of an Asian financial center, with the added vitality of Chinese socialization. However, the changing political and economic environment presents new challenges and opportunities for Hong Kong, and whether it can become a Web3 hub depends on various factors such as policies, technology, talent, and markets. Ultimately, joint action is necessary to makeHong Kong’s Web3 vision a reality.”
3. Alyson Zhuang, Chief Brand Officer at Redline Dao
“While highly speculative projects in Hong Kong still exist, they are becoming increasingly difficult to recognize. Additionally, some older projects may be resistant to change and limited by traditional thinking. Therefore, I would still urge investing with great caution. The VC industry is also becoming increasingly careful, and while fundraising is becoming more difficult, projects that secure funding in this environment are likely to have stronger potential.”
4. William, Chinese Community Ambassador at ko.one
“I believe we should explore the potential of blockchain technology in the educational and social finance sectors. Practicality is essential in both Web3 and other domains, and some of the challenges that need to be addressed include robust ones such as education barriers, ecological scalability, interactivity, and security. Those last two may be the most crucial issues. Projects such as metaverse and NFTs, as well as the connection between APIs and the metaverse, are essential.”
5. Audrey Liu, CEO of 1on1 and Authentic.Inc, building @TaZhiDao
“I would like to highlight the importance of addressing user pain points to win users in this market. In the previous market, social and gaming applications were successful in solving user pain points, rather than relying on reward mechanisms. However, with the market turning for the worse, the search and posting functionalities are falling behind. To address this issue, developers should focus on the actual needs of users.”
6. Myra Wang, CEO of Dboost, ENF Asia Community Advisor
“While there are many activities taking place in Hong Kong and people believe the market is recovering, I suspect that some events may be exaggerated due to the predicted two-year economic recession in 2023, which may impact the Web3 industry. Despite the capital investment and market favor that the gaming industry is currently receiving, financing gaming projects can still be challenging. Statistics show that while there are over 1 billion Nintendo Switch users worldwide, the daily active users of the Web3 gaming industry are relatively low. The user traffic in the gaming industry is unbalanced, and outsourcing is one way to attract more traffic.”
7. Cheryl, Founder of IconFashion
“AI could help increase the interactivity between games and users, thus enhancing the playability of games. There’s also tremendous potential in using intelligent pricing to learn about the pricing of NFTs and digital currencies, by leveraging big data and AI models, and better-integrating NFTs and GameFi. I would also like to emphasize the need to increase user-friendliness and attract more users to the gaming industry.”
LBank is preparing the next “Exploring New Narratives for 2023” Twitter Space. If you are interested in participating, don’t hesitate to contact us.
Google Form: https://forms.gle/CyuUDyzynGSngVSG8
Email: sara.shen@lbank.info
TG: @frankiessara (https://t.me/frankiessara）
Disclaimer: This is a paid post and should not be treated as news/advice.
