Senior Vice President of Futu Securities: Ethereum adds vitality to the Crypto ecosystem beyond "currency"

Zhu Zhen, senior vice president of Futu Securities, wrote an article titled "Talking about the Change from Virtual Currency to Digital Assets", in which he pointed out that with the release and implementation of the Hong Kong government's policy on the development of virtual assets, the concept of Crypto has gradually become popular among retail investors, and the number of industry participants has continued to increase. In addition to payment, the application of Crypto in "financing, investment, and value storage" has also attracted the attention and entry of institutional investors. The release of Ethereum (ETH) has brought more possibilities for the application innovation of blockchain technology. Ethereum not only promotes the development of smart contracts, but also promotes the birth and popularization of decentralized applications (DApps), decentralized finance (DeFi), non-fungible tokens (NFTs), and initial coin offerings (ICOs). These innovative technologies and applications not only add vitality to the Crypto ecosystem beyond "currency", but also provide more investment and usage scenarios. (Hong Kong Economic Times)