In 2021, under the background of the continuous spread of the new crown pneumonia epidemic, the world economic development situation can be described as grim, and the blockchain industry is under the different supervision of various countries, due to the public chain, DeFi, NFT and Metaverse, etc. The impact of the outbreak, came back to life.
Looking back on 2021, new hotspots in the blockchain industry continue to emerge. DeFi, Metaverse and NFT are the hottest concepts in the past year. Major traditional giants venture capital have entered the market one after another. Facebook changed its name to "Meta", Tencent , Nvidia and other technology giants are also actively participating in the metaverse track.
In the Spring Festival of 2022, the blockchain industry will be a little less festive and lively than in previous years. When everyone is reuniting with their families and visiting relatives and friends, Cointelegraph Chinese has brought together many heavyweights in the encryption industry and investment institutions. From February 2nd to 4th, 2022, Cointelegraph Chinese will hold a special event on the Chinese New Year of the Tiger, focusing on the hottest topics in the industry and delivering the most cutting-edge information.
The following is a review of the Spring Festival special event in the Year of the Tiger:
Topic: "Blockchain Carnival DAY1: Is Metaverse Realizable? "
Moderator: Tracy, Cointelegraph Chinese CEO
Guests: Jackey, co-founder of MetaEstate, Ian, product director of Tristan, Ray, founder of 7 O'Clock Capital
Jackey, the co-founder of MetaEstate, said at the event that Metaverse Real Estate, as the foundation of the entire Metaverse assets, must have investment value. We can all see that real estate is the first step into the metaverse, and everyone will choose to buy and own a piece of land of their own. When your plot has enough traffic and value, you can actually increase the value of your plot and your buildings on this basis. Real estate is a basic carrier. At present, it is still in a very early stage and has strong investment value. In the long run, we should not only focus on the investment value of real estate. What's more important is its use value.
Ian, product director of Tristan, said at the event that the early stage of Metaverse will go through two stages: digital twin and digital native. The shape of the metaverse may be a bit like "Ready Player One", but in the end it will definitely move towards the stage where virtuality and reality coexist. Metaverse is actually a high-level and multi-dimensional Internet, which is injected with technologies such as VR, AR, and blockchain to improve everyone's experience in the Internet, making everyone more immersed and more involved, like breaking away from the real world. To another parallel world, and this world also has its own complete operating model, independent identity, interoperable economic system, etc. But in the end, it will return to the stage where the virtual and physical worlds merge with each other to achieve a delicate balance.
Ray, the founder of 7 O'Clock Capital, said at the event that the development stage of the metaverse is still very early, and we need to look at it from a dialectical perspective. Some people say that Metaverse is the next generation of value Internet, while others say that Metaverse will allow information to flow freely and at low cost at high speed. Now the metaverse is centered on AR, VR, and blockchain technology, and has many shared infrastructures. It and the physical world are not separated from each other, but rather a state of mutual integration. Therefore, it is difficult for us to directly and precisely define the metaverse at present.
Topic: "Blockchain Carnival DAY2: Under the multi-chain structure, the future development of public chain and DeFi"
Moderator: Ting, editor-in-chief of Cointelegraph Chinese
Guests: Vince, co-founder of ZKlink, Xiaohan Zhu, co-founder of Sumer Money, Da Liu, consultant of PawnHouse Chinese community, Juu17, partner of Hedgue Fund
Vince, the co-founder of ZKlink, said at the event that DeFi is a long-term thing, and he is very optimistic about the future of DeFi. We have also seen some models and paradigms in the process of construction, and we have come into contact with some new things. Innovation is constantly going on . In addition, on-chain derivatives also have a strong explosive potential. With the improvement of performance, further improvement of transaction experience and further reduction of transaction costs, in 2022, we hope to see the explosion and growth of derivatives.
Xiaohan Zhu, co-founder of Sumer Money, said at the event that the entire blockchain environment is just like the Internet, which is also composed of many interconnected networks, so the future development of blockchain will be very similar to the Internet. You can think of Ethereum as a local area network. When the activity on the network increases, one network will not be able to meet all needs, and then other networks will appear. The correct expansion solution is that each network has its own program running, but each Asynchronous communication will be used between networks, so the blockchain will evolve in this direction in the future.
Hedgue Fund partner Juu17 said at the event that the form of the DeFi track in 2021 is relatively simple. At that time, the concentrated explosion mainly relied on the astonishing APY to attract traffic, and the project party was essentially unable to grasp the side effects of high APY. There should be two tracks that will explode in the future. The first is the privacy track, and the other is derivatives. There are still many opportunities for derivatives transactions in the future, and its track has not been monopolized. In addition, DeFi is still promising in the future, and funds should continue to pour in. DeFi may not be as popular as some data-based stories, but it will exist as an infrastructure in the air of life.
Da Liu, a PawnHouse Chinese community consultant, said at the event that the DeFi market has not yet entered the stage of financial integrity because it has not experienced the test of bull and bear in the process of development. If it can withstand the test in the future, the integrity It may be improved, or new mutations may be generated due to the substantial improvement in performance during the bull-bear crossing process. This kind of mutation is not particularly easy to predict, but it does not rule out that there will be some large profit growth points and opportunities to get rich .
Topic: "Blockchain Carnival DAY3: How will the broken GameFi develop in 2022? "
Moderator: Yoka, Secretary-General of ABGA, Asian Blockchain Game Alliance
Guests: Vanessa, founder of BTX Capital, Jin Tan, CEO of Monsta Infinite, Knight, product manager of Idle, Zoie, head of Formless BD, Aaron, co-founder of 8848 community
Vanessa, the founder of BTX Capital, said at the event that the decline in the popularity of gamefi is actually a very normal thing. In fact, the game industry itself is a highly competitive industry. In the past 20 years, many games have their own life cycle. Looking at this cycle in the blockchain industry, it has a tendency to accelerate. The production level of blockchain games is generally relatively backward, which leads to the product not being able to withstand the use of users, thus reducing the entire DAU. This also shows that the gamefi industry is in its early stage and there are still many opportunities. This industry still needs teams with experience and strong development capabilities to slowly join the industry to present better works.
Jin Tan, CEO of Monsta Infinite, said at the event that in fact, it is not this bull market that really makes gamefi Pengfei, but the next bull market. We can see that every on-chain project goes through periods of vulnerability. When it is fragile, this is a good opportunity for the project party to work hard to prove itself. The gamefi track will have a better development. The point that makes a gamefi protocol achieve long-term success lies in how to perfectly combine games and finance.
Zoie, head of Formless BD, said at the event that in the long run, the Web 3 aggregation platform has great advantages over many Web 2 product forms. Whether in terms of information transparency or rewards given back to users, Web 3 games have a longer-term outlook than centralized platforms. In the short term, the token economic model is relatively fragile and cannot be sustained, and the gamefi industry has entered a cooling-off period. This is a stage that will inevitably go through, just like DeFi has experienced 1.0 and 2.0.
Knight, the product manager of Idle, said at the event that the GameFi protocol with P2E as the main highlight has certain game attributes, but compared with traditional games, the playability is insufficient, and it pays more attention to assets rather than gameplay, so it is not enough to go out of the circle. Then, the economic model of blockchain games is actually relatively fragile and lacks sustainability. It blindly pursues industry hotspots and its quality is relatively rough, so it faces the problem of player loss in the general environment. Issues such as lack of sex or run-on. Therefore, the decline of GameFi is a normal phenomenon for investors or players to return to rationality from madness.
Aaron, co-founder of the 8848 community, said at the event that the mode of many GameFi projects is mining in disguise, such as using game pets as mining machines to make mining more entertaining. This mode will not last long , and the current ones are basically not really in line with the game. Some GameFi projects may take the game route, monitor and directly solve many problems of traditional games on the chain, which may require more powerful development teams and game companies to come in, and the development time will be longer, so there will still be a next wave The GameFi wave emerges.
Topic: "Blockchain Carnival DAY4: How far is web 3.0 from us?" "
Moderator: Cointelegraph Chinese CMO Grace
Guests: Charles Cao, founder of FilSwan, Bruce Yin, community manager of Pocket Network, Xiaolong Zhang, angel investor of Xhashtag Dao, David, co-founder & CEO of NuLink, Zhixiong Pan, an independent researcher
FilSwan founder Charles Cao said at the event that if an application requires a user password when registering, then it is not a web 3 application. It is very simple in web 3, your wallet represents you, and you can access DeFi applications. The biggest advantage of traditional giants entering the blockchain field is that they save a lot of user costs, because they have mastered a huge web traffic portal, and do not need web 3 companies to spend more effort (increasing users), and they also have their own kol Halo, so for the entire market, its significance is very important.
Pocket Network community manager Bruce Yin said at the event that in the web3 era, users' personal data and content creation will be stored on a decentralized platform, and can be freely migrated to other platforms through the wallet address controlled by the user, which ensures It enables users to have complete property rights and control rights over their own network data, and solves the problem of ownership of property rights in the era of web 1 and web 2. For end users, web 3 can protect their property rights in the network, which is very in line with human nature and also in line with the principles in real economic activities. This trend of clear property rights is irresistible, and it may take a long time to achieve the ultimate goal.
Xhashtag Dao angel investor Xiaolong Zhang said at the event that web 3 is the next logical iteration of the Internet, and both venture capitalists and governments are beginning to pay attention to it. The adoption of the traditional Internet took some time, but I don't think the road to web 3 adoption will be too long, because at present, the infrastructure is at a highway junction, and we should seize this opportunity.
NuLink co-founder & CEO David said at the event that from the perspective of the infrastructure of Web3.0, there are many different directions and types, such as distributed storage, DNS and decentralization. make very big changes. Traditional VCs may be more inclined to invest in capacity building and application building, and the entry of institutions will definitely have a driving effect, but how traditional giants can protect property rights or user data is also a very big challenge.
Pan Zhixiong, an independent researcher, said at the event that Web 3.0 is still in a very early stage. Although we can see a lot of applications now, such as text or video applications that may appear in the future, they are still the foundation. After improvement, there will still be a lot of new applications in the future. In addition, DAO is a change in organizational form, rather than a specific application, so it is a longer-term vision, which may be later than the Web3.0 application we can see.
epilogue
Looking forward to 2022, for the blockchain industry, this technology may once again usher in a major innovation breakthrough. The blockchain has never been limited to a single project or an isolated ecology, and the explosive growth of the industry will present a brand new blockchain era.
Aaron
Hui Xin
Jixu