Panel Discussion: How to survive and strive in Web3?

Panel Discussion: How to survive and strive in Web3?

Web3 refers to the third generation of the World Wide Web, which focuses on decentralized technologies such as blockchain and peer-to-peer networks. Web3 technologies have the potential to disrupt traditional centralized models and enable greater user control, privacy, and security.

There are a few reasons why Web3 is gaining popularity:

Decentralization: Web3 technologies are decentralized, meaning they are not controlled by a single entity or organization. This can give users greater control over their data and assets and reduce the risk of censorship or interference.

Security: Web3 technologies are designed to be more secure than their centralized counterparts. For example, blockchain networks are secured through cryptographic techniques, making them resistant to tampering and fraud.

Privacy: Web3 technologies can help preserve user privacy by allowing individuals to control their own data and assets rather than relying on a third party.

Interoperability: Web3 technologies are designed to be interoperable, meaning they can work together and exchange data seamlessly. This can enable the development of new and innovative applications and services.

The popularity of Web3 technologies is driven by the potential for greater control, security, privacy, and interoperability in the digital world.

But does the wider audience in the crypto space think the same? How do we survive and strive in the Web3 environment? This topic is covered by a panel of experts at Twitter Spaces on 30th Dec 2022 at 21:00 SGT.

Hosted by Blockcast (https://twitter.com/Blockcastcc) and
Co-Hosted: Bybit NFT (https://twitter.com/Bybit_NFT) and Bybit Web3 (https://twitter.com/Bybit_Web3).

It was moderated by Scott Tripp, Marketing Lead of Blockcast.cc.

With the following guests discussing the Web3 topic:
– Allan, Head of Operation, Moledao (https://moledao.io)
– Anndy Lian, Book Author, NFT: From Zero to Hero (https://anndy.com)
– Grace, CMO of TwitterScan
– Jenny Zheng, BD Lead of Bybit NFT (https://www.bybit.com)
– Yoka, Secretary General of ABGA

In conclusion, here are a few tips that might help you survive and thrive in the Web3 ecosystem:

Keep learning: The Web3 ecosystem is constantly evolving, so it’s important to stay up-to-date on the latest developments. This can be done through online courses, attending conferences, and following industry leaders on social media.

Network: The Web3 ecosystem is still small and tight-knit, so networking with other professionals can be incredibly valuable. Join online communities, attend meetups, and participate in hackathons to meet others in the industry.

Focus on a specific area: While it’s important to have a broad understanding of the Web3 ecosystem, it can also be helpful to focus on a specific area and become an expert in that field. This could be a particular protocol, platform, or application.

Experiment: The Web3 ecosystem is still in its early stages, so there is much room for experimentation and innovation. Don’t be afraid to try new ideas and approaches, and be open to learning from your failures.

Stay positive: The Web3 ecosystem is full of challenges and setbacks, so staying positive and maintaining a growth mindset is essential. Keep an open mind and remain resilient, and you’ll be well-equipped to handle whatever comes your way.

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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“Let’s Defy to DeFi”: Anndy Lian, Crypto Thought Leader Shares Insights with Blockreview.net

“Let’s Defy to DeFi”: Anndy Lian, Crypto Thought Leader Shares Insights with Blockreview.net

By now, we have all heard about cryptocurrencies. It is a digital currency that is secured by cryptography. Many cryptocurrencies are decentralized networks based on blockchain technology. A new spin-off from the decentralized economy is called “decentralized finance” or commonly known as DeFi. 

Basically, DeFi leverages decentralised networks to transform old financial products into trustless and transparent protocols. DeFi lending & borrowing platforms allow their users to supply and lock their funds into smart contracts from there other users can borrow and pay interest. Smart contracts make all these possible, allowing automated and open finance to transact with a bank in the middle. 

This “trustless” model has its pros and cons. 

Anndy Lian will share his views on Defi. He is an early adopter & thought leader in cryptocurrency and blockchain and currently the Advisory Board of Hyundai DAC, the blockchain arm of the South Korean carmaker. 

 

1. In your own words, give us an overview of what is DeFi?

DeFi is “Decentralized Finance”. This term has been the talking point at the start of 2020 and it has grown to a market cap of $15 billion according to Coin Gecko. In very simple terms, DeFi is a combination of traditional finance and decentralised technologies. 

It is poised to be the start of a new financial era where it aims to be self-managing and is open to everyone who wants to be on it. It does not require everyday users to place trust in it, unlike the traditional financial system where the trust is placed on the bank to take care of the money deposited and the government to maintain the monetary value. 

 

2. Recently, the supply of wrapped bitcoin has increased significantly. To what extent do you think Bitcoin (and bitcoin holders) in particular are driving the growth of DeFi? Are they a major part of DeFi’s growth?

Big whales are always more careful with their money, they normally hold only BTC, early on if they want to participate in the liquidity mining they have to deposit their BTC to ETH and other Ming tokens to participate which most of them think it’s risky. Yes, I think the use of WBTC pair mining will boom the Defi market in certain extend.

According to the data released today(the 2nd day of Uniswap Liquidity Mining), 50% of the miners used WBTC/ETH pair in the initial mining, and most of them are big whales.

The DeFi market is no longer the same market we see in 2019 or early this year before small investors can make a big profit in the market, now as the APY drops and gas increases, it favours the whales more. And small investors are forced into the secondary market.

The good thing about this is the market/volume grows, the bad thing is the DeFi is not that DeFi any more.

 

3. Conversely, are the opportunities provided by DeFi encouraging people to invest more in bitcoin?

Sure it will.

Firstly, as I mentioned before, now the DeFi market favours the whales more, small investors can not even make their ends meet after paying skyrocketed gas fees. So they are forced out from the DeFi mining game and move to the secondary market. As we all know trading Waited for 7 hours, nothing is done.tokens on the secondary market is very risky so many might just trim back to bitcoin(cause bitcoin price will also rise if more WBTC mining pools opens).

Secondly, as big whales they will keep on selling whatever coins they mined and swap them to bitcoin.

Thirdly, as the market as a whole, more and more bitcoins will be locked up which will bring another bull market for bitcoin.

However, all of these above happens only when WBTC liquidity mining succeed. So far we can see Uniswap locked up 750 million dollars on their second day of liquidity of which half is from WBTC/ETH pool, but we can also hear many complain of the market that the APY is much lower than before(compared to Sushiswap, Moonswap or Sakeswap). It’s only the beginning let’s go forward and see what’s gonna happen.

 

4. What, in your view, would happen to DeFi if the price of bitcoin crashed significantly/collapsed? Would DeFi struggle to grow or survive? And what would happen to Bitcoin if DeFi collapsed?

Most of the “Value” coins will go zero if the price of bitcoin crashed significantly/collapsed. One thing is for sure: no coin(maybe tiny shit coins can) can survive if bitcoin collapse. Even 10 years later the Blockchain industry is gone bitcoin is here to stay.

Well, Bitcoin is still bitcoin whatever DeFi live or die, just like the universe will still be there non matter the earth exploded or not.

 

5. Do you see DeFi and Bitcoin becoming more or less interrelated in the future? In what ways might their relationship change?

Defi could go big or disappear but Bitcoin is here to stay. There are no doubts about this. But I do hope to see new players coming into the challenge bitcoin supremacy. With challenges, there are improvements. This is what’s lacking in today crypto space.

 

Meanwhile, “Let’s Defy to DeFi”– Defy current financial norms to embrace the new DeFi economy. 

 

 

About Anndy Lian

Anndy Lian is an intergovernmental blockchain thought leader, a best selling book author, investor and crypto advocate. He is currently appointed as the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group where he looks after the governance and compliance aspects of the business. 

Anndy is driving the crypto and blockchain agenda with governments and businesses and is a known figure in this segment. He plays a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region and is also part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, helping the province to grow using blockchain technologies.

 

About Blockview.net

Blockreview.net started as a platform for crypto and blockchain enthusiasts who want to monitor and understand the market better. Users can monitor the trends in the market and review the coins and exchanges activities. 

You can find out its rank, price, market cap, history, volume and other things. You have all the information about the cryptocurrencies right at your fingertips. We have since added a news and media section to share impactful news on the industry. 

“Let’s review the blocks together!”

 

 

 

Original Source: https://blockreview.net/news/anndy-lian-crypto-thought-leader-lets-defy-to-defi/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Anndy Lian Moderates Panel on Artificial Intelligence, Deep Tech & Blockchain at ASEAN Summit 2020

Anndy Lian Moderates Panel on Artificial Intelligence, Deep Tech & Blockchain at ASEAN Summit 2020

Some ASEAN countries may be on the road to economic recovery, but many economists warned that it won’t be smooth. This panel addresses how technology like AI, deep tech and blockchain to act as a tech enabler for the businesses and governments.

In this panel, the panellists cover the following topics:

– How technology like AI, deep tech and blockchain will affect lives?

– How AI can help in good data and 5G

– How to tackle teething problems such as security for AI?

– How can blockchain technology improve on security aspects of things?

– Do you really trust AI?

– What should investors and people who want to get into the technology industry look at? What is the future?

 

Moderated by:

– Anndy Lian, Advisory Board Member of Hyundai DAC

 

Panel members:

– Dr Andrew Wu, Founder & Chief Executive Officer, Meshbio Pte Ltd

– Sheeram Iyer, Chief Executive Officer & Founder, Prisma Global

– Stephen Ho, Group Chief Operating Officer, Skylab Group

 

This is the 6th edition of CABA ASEAN Summit with the theme “ASEAN – Harnessing Dynamic Capabilities.”. They have invited top business experts to share their experiences, insights, and new strategic approaches to technology, innovation, investments, trade, and supply chain management at the 6th RHT ASEAN Summit 2020.

 

For more information on the event, refer to the organiser’s website.

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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