Foresight News reported live that in the theme of "Web3 Technology Infrastructure: Layer 2 Network" at the main venue of "2023 Hong Kong Web3 Carnival", Arbitrum co-founder and CEO Steven Goldfeder introduced Arbitrum's network data, ecology, Arbitrum Nova and Arbitrum Orbit. Steven Goldfeder said, "Arbitrum has developed very rapidly in the past year. At present, the Arbitrum ecology has a TVL of about 6 billion U.S. dollars, accounting for 65% of the market share in the second floor. Currently, 1 million ETHs are locked in the bridge. The ecological DApp is also developing. It is very prosperous. Arbitrum Nova is more suitable for games, social projects and some DApps with high throughput and performance requirements. Arbitrum Orbit allows you to use the technology stack and the security of Ethereum to build your own blockchain, with privacy, security, high performance, etc. Advantages. I hope to work with developers, users and community members to promote the development of Arbitrum." "Web3 Festival" (Web3 Festival) is a Web3 event brand jointly launched by Wanxiang Blockchain Lab and HashKey Group, and hosted by W3ME. This year's "Web3 Carnival" will last from April 12 to April 15, and will focus on the core issues of various Web3 tracks such as regulatory policies, Web3 infrastructure, and Metaverse.