Tag Archives: future

5 Reasons Why Trustless DEX Are The Future

5 Reasons Why Trustless DEX Are The Future

DEXes offer strong execution guarantees and increased transparency into the underlying mechanics of trading. Trades are trackable, traceable and data is permanently on-chain. This is one of the core basics and the beauty behind the ideology of DEXes. While many have forgotten, I will remind all of you again.

Amidst talks of growing adoption and decentralization becoming the norm, the great decentralized exchange (DEX) vs centralized exchange (CEX) debate is more prominent now than ever before. This debate has many case studies for us to make reference to. The latest would be FTX. FTX owes nearly US$3.1 billion to the top 50 creditors and is estimated there to be “more than 100,000” creditors.

Let me walk you through why trustless DEX is the way forward.

1. Individual Data and Asset Control

CEX holds custody of your deposited assets and all your personal information. You have no control over how the assets and data are being used. While in a DEX environment, it is non-custodial; typically, only an individual wallet address is connected to the exchange. In other words, you have complete control over your assets.

2. Liquidity and Market Depth

3. User Friendliness

CEX provides a wide range of products, including spot and fiat on-ramps, which is most familiar to traditional and crypto traders, especially beginners. DEX products may be harder to grasp with insufficient onboarding guidelines for traders. Again, this point for DEX is changing. The user interface and experience have improved so much; some of the newer DEXes look and function exactly like CEX.

4. Transaction Costs

CEX is known for high transaction or platform costs, especially when the system is hugely loaded with trades simultaneously. An increasing number of DEXes are integrating scaling solutions that will massively increase transaction workload while keeping costs low and passing the savings on to traders.

5. Community Involvement

CEXes, oftentimes one-way, non-reciprocal communication from a central operator to traders. Individual traders are seen as clients utilizing as service that the CEX provides. While DEXes focus on community-building and involvement, where traders can become stakeholders and have a say in protocol changes or share in transaction fees on the platform.

A New DEX Era

The challenge with CeFi and CEXes boils down to a lack of trust and security. This is continually reinforced time and again; this year is clearly no different, with funds, exchanges and even established projects hitting the buffers and leaving behind affected, concerned investors and traders fearing for their assets. News of increased risk with CEXes coming into the question of insolvency and possible delays in withdrawals, causing widespread panic amongst traders.

As usual, I will end with a quote. “The answer is to return to the basics of what blockchain is supposed to be. It is decentralization and transparency. DeFi is one of the solutions, and we need to work together in the future. For now, it cannot replace CeFi completely for obvious reasons, but this will not stop us from trying.” #AnndyLian

 

Source: https://www.benzinga.com/22/11/29809200/5-reasons-why-trustless-dex-is-the-future

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 “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”.

www.anndy.com
j j j

Busan Blockchain Week 2022: Trends shaping the future of NFT

Busan Blockchain Week 2022: Trends shaping the future of NFT

Busan Blockchain Week (BWB) 2022, hosted by Busan Metropolitan City held at BEXCO for three days from October 27 to October 29th. With the theme of “Blockchain, City and Life”, as an extension of last year’s NFT Busan 2021, BWB 2022 will feature conferences for the advancement of the blockchain industry and provide a space to obtain insight as well as to share information.

Anndy Lian’s speech is on “Trends Shaping the Future of NFT”.

Lian is an all-rounded business strategist in Asia. He has provided advisory across a variety of industries for local, international, public listed companies and governments. He is an early blockchain adopter and experienced serial entrepreneur, book author, investor, board member and keynote speaker.

NFT: From Zero to Hero is his latest book. The book is a call to anyone and everyone excited about the prospect of the world of NFT. Bound by imagination only, the NFT space is still in its early days, and early adopters can be a “hero” in their search for new possibilities. The book is available on Amazon and Bybit. More than 8,000 copies were sold.

NFTs took 2021 by storm. With billions traded over NFTs and a strong community behind the technology, we’re seeing NFTs being adopted by industries as diverse as gaming, finance, art, and medicine.

NFT gaming and game-fi

This trend is obvious. At present, many successful game manufacturers in the traditional game industry want to get involved in NFTs.

NFT ticketing

NFT ticketing goes beyond this. The future of NFTs in ticketing offers opportunities for lifetime value, exclusive access, and extra incentives for buyers.

NFT fragments

Fractionalisation essentially breaks up an NFT into smaller pieces so people can purchase small parts of an expensive NFT.

Digital twin NFTs

Imagine this same type of record existing for physical items. It would completely change resale markets.

AI NFTs

Alongside blockchain, Artificial Intelligence (AI) is the next major disruptor in tech. So it should be no surprise the two are being combined.

NFTs and health

With issues surrounding counterfeit vaccination passports and concerns about the vulnerabilities of centralised data storage of sensitive medical information, NFTs and the blockchain may well be integrated more and more into medicine and health in the years to come.

Growth amidst doubt

Although the popularity of NFTs is indeed declining, all walks of life are still accelerating their integration with NFTs.

Starting in the second half of 2021, many well-known brands have also begun to try NFTs, matching them with real objects and even designing their own metaverse. Obviously, the utility has become the first test for big brands in the metaverse field through NFTs.

NFT essentially provides brands with a new way to launch limited-edition products, and the resulting community and word-of-mouth communication will raise their share of voice compared to rival brands.

The future of NFTs

A number of countries are now actively working on regulatory frameworks for NFT assets, strengthening anti-fraud and anti-manipulation audits of projects, determining the business core of each platform, and solving financial security issues such as illegal fundraising and false fraud.

At the same time, major public chains are actively upgrading, expanding, and building their own ecological frameworks to provide underlying support for the production, confirmation, pricing, circulation, and traceability of NFT assets.

Nowadays, NFT financial tools are becoming more and more abundant, and the scale of financial derivatives is steadily increasing. The NFT industry is gradually exploring a development path suitable for blockchain assets.

“The future these NFT trends depict is an interesting one. While many people are concerned about the implications of the metaverse and the rise of AI, it’s a future full of possibilities. We are still early. Let’s build the ecosystem together.” Lian added.

 

Source: https://e27.co/busan-blockchain-week-2022-trends-shaping-the-future-of-nft-metaverse-20221102/

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 “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”.

www.anndy.com
j j j

Anndy Lian Talks about “Trends Shaping the Future of NFT” at Busan Blockchain Week

Anndy Lian Talks about “Trends Shaping the Future of NFT” at Busan Blockchain Week

Busan Blockchain Week (BWB) 2022, hosted by Busan Metropolitan City held at BEXCO for 3 days from Oct. 27th (Thu.) to the 29th (Sat).

With the theme of “Blockchain, City and Life”, as an extension of last year’s NFT Busan 2021, BWB 2022 will feature conferences for the advancement of the blockchain industry and provide a space to obtain insight as well as to share information.

Anndy Lian’s speech is on “Trends Shaping the Future of NFT”.

Anndy Lian is an all-rounded business strategist in Asia. He has provided advisory across a variety of industries for local, international, public listed companies and governments. He is an early blockchain adopter and experienced serial entrepreneur, book author, investor, board member and keynote speaker.

NFT: From Zero to Hero is his latest book. Zero to Hero is a call to anyone and everyone excited about the prospect of the world of NFT. Bound by imagination only, the NFT space is still in its early days and early adopters can be a “hero” in their search for new possibilities. The book is available on Amazon and Bybit. More than 8,000 copies were sold.

NFTs took 2021 by storm. With billions traded over NFTs and a strong community behind the technology, we’re seeing NFTs being adopted by industries as diverse as gaming, finance, art, and medicine.

NFT Gaming and GameFi: This trend is obvious. At present, many successful game manufacturers in the traditional game industry want to get involved in NFTs.

NFT Ticketing: NFT ticketing goes beyond this. The future of NFTs in ticketing offers opportunities for lifetime value, exclusive access, and extra incentives for buyers.

NFT Fragments: Fractionalization essentially breaks up an NFT into smaller pieces, so people can purchase small parts of an expensive NFT.

Digital Twin NFTs: Imagine this same type of record existing for physical items. It would completely change resale markets.

AI NFTs: Alongside blockchain, artificial intelligence (AI) is the next major disruptor in tech. So it should be no surprise the two are being combined.

NFTs and Health: With issues surrounding counterfeit vaccination passports and concerns about the vulnerabilities of centralized data storage of sensitive medical information, NFTs and the blockchain may well be integrated more and more into medicine and health in the years to come.

Growth Amidst Doubt

Although the popularity of NFTs is indeed declining, all walks of life are still accelerating their integration with NFTs.

Starting in the second half of 2021, many well-known brands have also begun to try NFTs, matching them with real objects and even designing their own metaverse. Obviously, the utility has become the first test for big brands in the metaverse field through NFTs.

NFT essentially provides brands with a new way to launch limited-edition products, and the resulting community and word-of-mouth communication will raise their share of voice compared to rival brands.

The Future of NFTs

A number of countries are now actively working on regulatory frameworks for NFT assets, strengthening anti-fraud and anti-manipulation audits of projects, determining the business core of each platform, and solving financial security issues such as illegal fundraising and false fraud.

At the same time, major public chains are actively upgrading, expanding, and building their own ecological frameworks to provide underlying support for the production, confirmation, pricing, circulation, and traceability of NFT assets. Nowadays, NFT financial tools are becoming more and more abundant, and the scale of financial derivatives is steadily increasing. The NFT industry is gradually exploring a development path suitable for blockchain assets.

“The future these NFT trends depict is an interesting one. While many people are concerned about the implications of the metaverse and the rise of AI, it’s a future full of possibilities. We are still early. Let’s build the ecosystem together.” Anndy Lian added.

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 “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”.

www.anndy.com
j j j