Web3 Trends & Opportunities (New Generation Innovators in Web3) ─ 3rd Keynote Speech

Coinlive reporting at the “Web3 Trends & Opportunities” event in Singapore in which Coinlive plays host to our very first grand-scale summit! Dr. Jianing Yu, Chairman of The Metaverse Professional Committee at Asia Blockchain Industry Institute, continues with the next keynote speech titled “The Future of Digital Assets: Lessons from 2022 and What to Expect in 2023”. He sums up 2022’s crypto winter’s keywords: fed rate hike, hackers, rug, Luna, 3AC, Celsius, merge, and FTX. Wall Street cannot bring an eternal bull market, and crypto is not a financial speculation tool for uncontrolled arbitrage by Wall Street institutions and public companies, according to Dr. Yu. He also explains that decentralisation also requires legal regulation; codes are not the shield and the constraints on human nature behind the code are important. He concludes that we need to embrace changes and ride the waves; to be a friend of trend and not to fight it because in front of the macro trend, any individual or institution is small. When it comes to 2023 outlooks, Dr. Yu says that to him, the main point is that Wall Street dominance in crypto will be over and there will be more opportunities in Asia; Web3 will return to technology innovation; and the continuation of exploring the possibilities of scenario breakthroughs and technology innovations. According to Dr. Yu, the opportunity for DeFi in 2023 is quite certain; NFT will become an important tool for large enterprises to market their brand and reshape customer relationships; it might also be the year for GameFi as well; and platforms like Twitter and Instagram will become the main hubs for Social Fi.