Web3 Trends & Opportunities (New Generation Innovators in Web3) ─ 1st Keynote Speech

Coinlive reporting at the “Web3 Trends & Opportunities” event in Singapore in which Coinlive plays host to our very first grand-scale summit! Leo Zhao, Venture Partner at M-Ventures, kicks off the next half of the event with the first keynote speech delving into “Web3 Trends & Opportunities”. Review of the current market conditions, he starts off with, dives into a couple of points: the ugly (Luna and FTX), the bad (total crypto market cap and DeFi TVL dropped significantly) and (developer activities dropped hard too), and the good (VC keeps investing in the industry, showing relative strength), (Ethereum 2.0 merge and Layer 2 adoption), (top brands adopting NFT). He then shares the trends observed: scaling solutions are maturing ─ Arbitrum and Optimism TVL significantly, and ZK rollup and modular blockchains; mainstream consumer adoption ─ NFT eating the world, wallet UI/UX improvement, and Web2 users migrating; transparency and compliance ─ CEX forced to provide more transparency, otherwise will be eaten up by DeFi, more clarity on digital asset regulation framework, and Hong Kong potentially being the new crypto hub.