On April 13, Global Web 3.0 Eco Innovation online summit (GWEI online summit) officially announced the beginning of their Web 3.0 summer tour, lasting more than a month. After the end of the first week, we will continue to open the agenda of the second week of the GWEI 2022 online summit – ‘A new era – the present and future of ETH.’
As we all know, the merge will end Ethereum’s PoW journey. As the merge approaches, what specific impacts will this upgrade bring to Ethereum and its ecosystem? How will Ethereum scaling go next? When will we experience the benefits of the merge as regular users?
Wednesday, April 27, 2022, at 8:00 p.m. (UTC+8), independent researcher/former research director of Chainnews Pan Zhixiong, China director of Chainlink Philip and founder of Yuanyulinong (tech community) Yao Xiang will gather in GWEI 2022 to discuss the current state and future of the Ethereum merge, centering on the topic, ‘New era – the present and future of ETH.’
- When – 8:00 p.m. (UTC+8) on April 27, 2022
- Where – here
- Independent researcher/former research director of Chainnews Pan Zhixiong
- China director of Chainlink Philip
- Founder of Yuanyulinong (tech community) Yao Xiang
First week recap
From April 18, 2022, to April 22, 2022, in the first week of GWEI 2022, two panels themed with ‘crypto old friends’ were successfully concluded. Let’s review the wonderful contents.
On April 18, 2022, the first panel of GWEI 2022, ‘Friends – new vision,’ invited Shenyu, co-founder of F2Pool and Cobo, Chaojijun, community lead of Benmoqukuai and Amber, head of DapperLabs China, to bring you a wonderful conversation of insight into Web 3.0.
On GameFi and future trends, Shenyu said,
“The merge and the emergence of layer 2 networks will create a wave of wealth effects comparable to what we have seen in layer 1 networks with competitive public chains in the past two years. One or two dominant layer 2 networks may emerge this year or next year.
“GameFi takes a long time to develop, and more GameFis in the past year have been DeFis with skins on – or things with rough graphics that aren’t very playable. With a lot of new players in the industry, there should be a number of real GameFis this year, and there could be an explosion of opportunities like Axie for excess wealth in the coming months.”
When discussing the development of NFT, Amber believes that NFT and DAO is a very natural combination because the cultural consensus represented by NFT itself is very similar to the consensus of organizations during the operation of DAO – and she is very optimistic about this direction.
At the same time, she also pointed out that under the current economic situation, DAO will definitely participate in more and more social collaboration in the future. One of the core problems is to execute without trust, which still has a great space to explore on the tool level.
“Bitcoin is the cornerstone of [the] crypto industry. It brings together the industry’s biggest trust. If you want to keep your wealth, Bitcoin is the safest choice.”
On the development of DeFi, Chaojijun added,
“At present, many DeFi protocol tokens have fallen by 80% to 90% – but the value captured by some protocol tokens every day is greater than the value of the tokens they release.”
He will allocate some assets according to the valuation of traditional PE from the perspective of value investment.
On April 19, 2022, Hu Jie, professor of Shanghai Jiao Tong University/Shanghai Advanced Institute of Finance and executive member of Blockchain Committee of China Computer Society, Meng Yan, researcher of blockchain and digital assets and Wu Xiao, founder of WhiteMatrix, focused on the topic of ‘Black Swan and Gray Rhino’ – the interest rate hike of the Federal Reserve, the hot spots in the market and the choice of entrepreneurs were deeply discussed.
On how practitioners and entrepreneurs keep up with the market development, Meng Yan put forward three suggestions,
“First, get involved in international markets, and second, get involved in Web 3.0 because Web 3.0 is an important upgrade for the industry – to keep up with new trends in the industry. Third, be patient. Real demand for Web 3.0 projects won’t come soon, but you have to trust that Web 3.0 will, and that the network effects, combined with some of the positive feedback loop capabilities unique to the token economy, will be more evident than the familiar network effects of the internet.”
Wu Xiao also put forward his own view on this topic,
“Do Web 3.0 more, do builder more, do trader less. Do some meaningful things more. There’s always a chance if you really do it. Web 2.0 is so competitive right now, and Web 3.0 just gives us a systemic opportunity.”
Since last year, the metaverse has been the most sought-after track by capital, and Hu Jie gave this judgment,
“In a market like China, there should be a great opportunity to start from … because many companies now realized that the use of online tools to do marketing has great potential. With the emergence of the concept of Web 3.0, and the emergence of new tools with blockchain, it is not only possible to do marketing in the new technology space – more importantly, it is necessary.”
GWEI online summit is hosted by DeFiDaoNews, focusing on Web 3.0 layout, gathering the world’s most influential project teams, senior scholars, academic institutions, government and enterprise executives and other professionals, covering DeFi, NFT, layer 2, public chain and other cutting-edge Web 3.0 issues and discussing the new trend of the Web 3.0 era.
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