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Tether under scrutiny: A deep dive into cryptocurrency crime allegations

Tether under scrutiny: A deep dive into cryptocurrency crime allegations

A recent report by the United Nations Office on Drugs and Crime (UNODC) has warned that Tether, one of the world’s most traded cryptocurrencies, has become a key tool for criminals, money launderers and scammers in East and Southeast Asia.

The report claims that Tether’s stability, ease of use, anonymity and low transaction fees have made it the preferred choice for fraudsters and money launderers alike and that its popularity is illustrated by the surging volume of cyber fraud, money laundering and underground banking cases involving the stablecoin.

However, some crypto enthusiasts and experts have challenged the validity and accuracy of the UN report, arguing that it is based on flawed assumptions, incomplete data and biased analysis. They contend that Tether is not the most preferred currency for illicit activities, that it is not as anonymous and untraceable as the report suggests, and that bad actors can use other cryptocurrencies and techniques to evade detection and regulation.

In this article, I will examine both sides of the debate and offer my own opinion on the matter.

What is Tether, and why is it popular?

Tether is a company that runs a blockchain platform and issues digital tokens pegged to real-world currencies with the backing of its own financial reserves, most notably USDT, or tether, which is tied to the US dollar one-for-one. Tether claims that its tokens are fully backed by fiat currency and other assets and that they provide a stable and transparent alternative to volatile and unpredictable cryptocurrencies.

Tether’s main appeal lies in its ability to bridge the gap between the traditional and the crypto worlds, offering users the benefits of both. Tether users can enjoy the speed, security, low cost and global reach of blockchain transactions while also maintaining the stability, liquidity and familiarity of fiat currencies.

Tether also enables users to access various crypto platforms and services, such as exchanges, wallets, lending, gaming and gambling, without having to deal with the complexities and risks of converting between different currencies and tokens.

According to CoinMarketCap, Tether is the world’s third-largest cryptocurrency by market capitalisation, behind only Bitcoin and Ethereum, with a market cap of over US$95 billion as of January 16, 2024.

Tether also has the highest daily trading volume of any cryptocurrency, surpassing even Bitcoin, with an average of over US$100 billion traded per day. Tether is widely accepted and supported by hundreds of crypto platforms and service providers, as well as some regulated entities, such as banks and payment processors.

What are the allegations against Tether?

Despite its popularity and success, Tether has also been plagued by controversies and criticisms, ranging from its lack of transparency and accountability to its involvement in market manipulation and fraud to its vulnerability to hacking and theft. Tether has faced several lawsuits, investigations and regulatory actions from various authorities and stakeholders, both in the US and abroad, over its business practices, operations and compliance.

The most recent and alarming accusation against Tether comes from the UNODC report, which alleges that Tether has quickly become the platform of choice for money laundering and fraud operations across East and Southeast Asia.

The report cites intelligence from law enforcement and financial authorities in the region, who report that Tether ranks among the most popular cryptocurrencies used by organised crime groups, especially those operating online casinos, which have emerged as among the most popular vehicles for cryptocurrency-based money launderers.

The report also details how Tether is used to facilitate various schemes, such as “sextortion”, a form of blackmail threatening to post sexual content or information about a person, and “pig butchering”, a socially engineered romance designed to “fatten up” targets before extracting money. It claims that Tether’s appeal to criminals lies in its speedy and irreversible transactions, its low detection and traceability, and its ability to bypass regulatory and legal barriers.

The same report also highlights the role of “motorcades”, which are sophisticated, high-speed money laundering teams that specialise in Tether transactions. These teams advertise their services on social media platforms, such as Facebook, TikTok and Telegram, and offer to exchange Tether for fiat currency or other cryptocurrencies for a percentage of the total laundered and transferred funds. It says that these teams have seen a rapid uptick in recent years and that they pose a serious challenge to law enforcement and financial authorities.

What are the counterarguments to the UN report?

In my humble opinion, the UN report has been met with scepticism and criticism, and some other experts also question its methodology, data, and conclusions. They argue that the report is based on anecdotal evidence, selective cases and biased sources and that it does not provide a comprehensive and accurate picture of the crypto landscape and the role of Tether in it. I want to also point out the flaws and limitations of the report and offer alternative explanations and perspectives on the issue.

One of the main counterarguments to the UN report is that Tether is not the most preferred currency for illicit activities and that other cryptocurrencies, such as Bitcoin, Ethereum, and BNB, are perhaps more widely used and more suitable for such purposes.

It is cited in various studies and reports that show that the majority of crypto transactions are legitimate and legal and that only a small fraction of them, around one per cent, is associated with criminal and illicit activities.

I would also argue that Tether is not as anonymous and untraceable as the report suggests and that it is possible to track and monitor Tether transactions using blockchain analysis tools and techniques. They point out that Tether transactions are recorded on public ledgers, such as the Bitcoin, Ethereum and Tron blockchains, and that they can be linked to real-world identities and entities using various methods, such as IP addresses, wallet addresses, exchange accounts, KYC information and network activity.

It also contends that bad actors can use other cryptocurrencies and techniques to evade detection and regulation and that Tether is not the only or the best option for them. They mention the use of privacy coins, such as Monero and Zcash, which offer enhanced anonymity and obfuscation features, such as stealth addresses, ring signatures, zero-knowledge proofs and confidential transactions.

They also mention the use of crypto mixers, such as Tornado Cash and Wasabi, which offer decentralised and trustless solutions for mixing and tumbling coins, making it harder to trace their origin and destination.

What is my opinion on the matter?

Based on my research and analysis, I think that the UN report has some merit and validity, but it also has some flaws and limitations. I think that Tether is indeed a popular and convenient tool for some criminals, money launderers and scammers, especially in East and Southeast Asia, where there is a high demand and supply for crypto services and products and where there is a lack of effective and consistent regulation and enforcement.

I think that Tether’s features and benefits, such as its stability, ease of use, low cost and global reach, also make it attractive and useful for such actors, who can exploit its loopholes and weaknesses to their advantage.

However, I also think that the UN report is not conclusive and definitive and that it does not capture the whole and true picture of the crypto landscape and the role of Tether in it. I think that Tether is not the only or the most preferred currency for illicit activities and that other cryptocurrencies and techniques are more widely used and more suitable for such purposes.

I think that Tether is not as anonymous and untraceable as the report suggests and that it is possible to track and monitor Tether transactions using blockchain analysis tools and techniques. I think that the UN report is based on anecdotal evidence, selective cases and biased sources and that it does not provide comprehensive and accurate data and analysis on the issue.

To stay within my argument, here is some food for thought — Tether has conducted the biggest-ever USDT freeze of US$225 million linked to a human trafficking syndicate. They worked hand in hand on this occasion with leading crypto exchanges, OKX and DOJ. This shows Tether’s willingness to help the industry and, to a certain extent, stay accountable and transparent.

Therefore, my opinion is that it is not fair or accurate to label it as the crypto of choice for criminals. I think that Tether has a legitimate and valuable role and function in the crypto ecosystem and that it provides a stable and transparent alternative to volatile and unpredictable cryptocurrencies.

I think that Tether also has a lot of room and potential for improvement and innovation and that it can address and resolve its controversies and criticisms by enhancing its transparency and accountability, complying with relevant laws and regulations, and cooperating with authorities and stakeholders.

 

Source: https://e27.co/tether-under-scrutiny-a-deep-dive-into-cryptocurrency-crime-allegations-20240123/

Insights

What is Tether, and why has it gained popularity in the cryptocurrency market?

Tether is a blockchain platform that issues digital tokens, such as USDT, pegged to real-world currencies, offering stability and transparency. Its popularity stems from bridging traditional and crypto worlds, combining the benefits of blockchain transactions with the stability and familiarity of fiat currencies.

What are the allegations against Tether regarding its involvement in illicit activities?

What counterarguments exist against the UNODC report's accusations towards Tether?

In the article, Anndy Lian argues that the UN report lacks comprehensive data and relies on anecdotal evidence. They contend that Tether is not the primary choice for illicit activities, pointing to other cryptocurrencies like Bitcoin and Ethereum. Moreover, they emphasize the traceability of Tether transactions through blockchain analysis tools and highlight alternative options, such as privacy coins and crypto mixers.

What is the Anndy Lian's opinion on the UNODC report and Tether's role in illicit activities?

Anndy Lian acknowledges the UN report's merit but criticizes its flaws and limitations. They argue that Tether serves as a tool for criminals in specific regions due to the demand for crypto services and lax regulation. However, the author contends that Tether is not the exclusive choice for illicit activities and suggests that the report is based on biased sources. They advocate for a more nuanced perspective on Tether's role in the crypto landscape.

How does Tether respond to accusations of involvement in criminal activities, and what is the author, Anndy Lian's overall opinion on Tether?

Tether has taken action against criminal activities, evidenced by a significant USDT freeze linked to a human trafficking syndicate, showcasing a commitment to industry integrity. The author concludes that labeling Tether as the go-to crypto for criminals is unfair, emphasizing its legitimate role in the crypto ecosystem. Anndy Lian believes Tether can improve by addressing controversies, enhancing transparency, complying with regulations, and collaborating with authorities.

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”.

www.anndy.com
j j j

The NFT Crash: How a Crypto Fad Turned Into a Flop and How You Can Survive It

The NFT Crash: How a Crypto Fad Turned Into a Flop and How You Can Survive It

NFTs, or non-fungible tokens, were once hailed as the next big thing in the crypto world. They were supposed to revolutionize the way we create, own, and trade digital assets, from art and music to games and memes. They were supposed to empower artists and creators and democratize the digital economy. They were supposed to make millions for savvy investors and collectors.

But now, it seems that the NFT craze has come to an abrupt end. According to a report by DappGambl, a website that analyzes the crypto gambling industry, 95% of NFT collections have a market cap of zero. That means that the vast majority of NFTs are worthless and that millions of people who bought them have lost their money.

How did this happen? How did a crypto fad turn into a flop? And what does this mean for the future of NFTs and the cryptocurrency industry?

The Rise and Fall of NFTs

NFTs are essentially digital certificates of ownership recorded on a blockchain, usually Ethereum. They can represent any unique digital asset, such as an image, a video, a song, or a tweet. Unlike traditional digital files, which can be copied and shared endlessly, NFTs are supposed to be scarce and verifiable, giving them value and authenticity.

The concept of NFTs is not new. The first NFTs were created in 2017, with projects such as CryptoKitties and CryptoPunks. However, it was not until 2021 that NFTs exploded in popularity and price. Driven by the hype and speculation around crypto assets, NFTs attracted celebrities, artists, influencers, and investors who saw them as a new way to express themselves, support causes or make profits.

Some of the most notable NFT sales in 2021 include:

These astronomical prices created a frenzy in the NFT market, as more and more people wanted to get in on the action. New platforms, projects, and collections emerged every day, offering various types of NFTs, from art and music to sports and gaming. The supply and demand of NFTs skyrocketed, reaching a peak in August 2021, when the monthly trading volume of NFTs hit $2.8 billion.

However, this boom was not sustainable. As more and more NFTs flooded the market, their quality and originality declined. Many NFTs were simply copies or variations of existing works or concepts with little or no artistic or creative value. Many NFTs were also overpriced or overhyped, with unrealistic expectations or promises. Many NFTs were also vulnerable to technical issues or security breaches, such as hacking or minting errors.

As a result, the demand and interest for NFTs plummeted. Many buyers realized they had bought worthless or dubious assets they could not sell or use. Many sellers realized that they had missed the opportunity to cash out or diversify their portfolios. Many platforms realized that they had failed to attract or retain customers or partners.

According to DappGambl’s report, out of 73,257 NFT collections that it analyzed,

  • 69,795 collections have a market cap of zero ETH.
  • 15% of collections have less than 10 percent ownership.
  • Only 21% of collections have full ownership.
  • 18% of top collections have a floor price of zero.
  • 41% of collections are priced between $5 and $100.
  • Less than 1% of collections are valued above $6,000.

These statistics show that the majority of NFTs are worthless or unsold and that the NFT market is in a state of collapse. The report also predicts that the NFT market will continue to decline, as more and more people lose interest or confidence in NFTs.

The Future of NFTs

Does this mean that NFTs are dead? Not necessarily. While the NFT craze may have been a bubble that burst, the underlying technology and concept of NFTs still have potential and value. NFTs can still offer a novel and innovative way to create, own, and trade digital assets, as well as to support artists and creators and to democratize the digital economy.

Major challenges and limitations

However, for NFTs to survive and thrive, they need to overcome some major challenges and limitations. One of these challenges is the lack of clear and consistent regulation and standards for NFTs. This creates uncertainty and confusion for both creators and consumers, as well as for regulators and policymakers.

NFTs are currently governed by a patchwork of laws and regulations that vary across countries and jurisdictions, making it difficult to determine the legal status, rights, and obligations of NFTs and their owners. Moreover, there is no widely accepted or enforced standard for verifying the authenticity, provenance, and quality of NFTs, which leaves room for fraud, plagiarism, and manipulation.

Another challenge is the low quality and originality of many NFTs. This dilutes the value and appeal of NFTs and undermines their credibility and legitimacy. As the NFT market grows and attracts more participants, there is an influx of low-effort, low-quality, or copied NFTs that flood the market and saturate the demand. These NFTs not only reduce the scarcity and uniqueness of NFTs but also erode the trust and confidence of consumers and collectors who may question the artistic merit and cultural significance of NFTs.

A third challenge is the high volatility and speculation of the NFT market. This exposes investors and collectors to significant risks and losses and discourages long-term appreciation and adoption of NFTs. The NFT market is driven by hype, FOMO (fear of missing out), and celebrity endorsements, which create artificial demand and inflate prices beyond their intrinsic value. The market is also prone to crashes, bubbles, and scams, as seen in the recent decline of NFT sales and prices after a record-breaking peak in March 2023. These factors make the NFT market unpredictable and unstable, deterring potential buyers and sellers who seek more reliable and sustainable returns on their investments.

The last challenge is the limited accessibility and usability of NFTs. This requires technical knowledge and skills, as well as crypto wallets and platforms, to create, buy, sell, or use NFTs. NFTs are not easily accessible or usable for the average person who may not be familiar with the concepts and technologies behind them. To participate in the NFT market, one needs to have a crypto wallet that supports the specific blockchain network that hosts the NFTs, as well as enough cryptocurrency to pay for the transaction fees that can be quite high depending on the network congestion. Moreover, one needs to use specialized platforms or marketplaces that facilitate the creation or exchange of NFTs, which may have different features, functions, and interfaces.

Take proactive and collaborative actions

To address these challenges and limitations, the NFT industry and community need to take some proactive and collaborative actions. These actions include developing and adopting best practices and guidelines for creating, valuing, verifying, and marketing NFTs, as well as for ensuring their security, privacy, and interoperability.

These standards would help to establish a common framework and understanding for NFTs, as well as to protect the rights and interests of both creators and consumers. They would also facilitate the exchange and transfer of NFTs across different platforms and networks, as well as to prevent fraud, theft, or misuse of NFTs.

Another action that is needed is to explore and implement more sustainable and efficient solutions for producing and storing NFTs, such as using renewable energy sources or alternative blockchains. These solutions would help to reduce the environmental impact and cost of NFTs, as well as to improve their performance and scalability. For example, some blockchains use a consensus mechanism called Proof-of-Stake (PoS), which does not require intensive computation or electricity to validate transactions and secure the network.

Furthermore, the NFT space needs to foster more creativity and diversity by encouraging more original and innovative works or concepts, as well as more representation and inclusion of different voices and perspectives. These efforts would help to enhance the quality and originality of NFTs, as well as to showcase the artistic potential and cultural value of NFTs. They would also attract more audiences and participants to the NFT market, as well as to foster more collaboration and inspiration among creators.

Additionally, the NFT industry and community need to promote more education and awareness about the benefits and risks of NFTs and their legal and ethical implications for both creators and consumers. These initiatives would help to inform and empower both creators and consumers about their rights and responsibilities regarding NFTs, as well as to provide them with the necessary knowledge and skills to create, buy, sell, or use NFTs. They would also help to dispel some of the myths and misconceptions about NFTs, as well as to address some of the social and moral concerns that may arise from NFTs.

Moreover, the NFT industry and community need to enhance more integration and compatibility of NFTs with other platforms and applications, such as social media, gaming, e-commerce, or art. These integrations would help to increase the accessibility and usability of NFTs, as well as to expand their use cases and functionalities. They would also help to create more value and demand for NFTs, as well as to enrich the user experience and engagement with NFTs.

Finally, the NFT industry and community need to work with the right partners who can bring extraordinary results, too. For example, Oracle Red Bull Racing and Bybit launched the Velocity Pass in this quarter, and they have over 1000ETH trading volume on secondary marketplaces, including Bybit NFT, OpenSea, and Blur, since its release. The latest in its series, called Pursuit by Per Kristian Stoveland, launched on 21 September, has more than 125ETH in volume, with floor price of almost five times.

The Bottom Line

The NFT crash is not the end of the story. It is a wake-up call for the NFT industry and community. It is an opportunity to learn from the mistakes and failures of the past. It is a chance to improve and innovate for the future.

NFTs are not just a crypto fad. They are a crypto phenomenon. They have the potential to transform the way we create, own, and trade digital assets. They have the potential to empower artists and creators. They have the potential to democratize the digital economy.

But they also have the potential to fail. They have the potential to harm the environment. They have the potential to deceive investors. They have the potential to disrupt society.

The future of NFTs depends on how we use them. The future of NFTs depends on us. We will survive it.

 

 

Source: https://www.techopedia.com/the-nft-crash-how-a-crypto-fad-turned-into-a-flop-and-how-you-can-survive-it

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”.

www.anndy.com
j j j

NFTs and super brands: A deep dive into web3

NFTs and super brands: A deep dive into web3

In a world where technology evolves at lightning speed, it’s no surprise that the business landscape is constantly shifting. One of the latest and most talked-about developments is the rise of NFTs (Non-Fungible Tokens) and their integration into the strategies of “super brands.” To shed light on this topic, a panel discussion featuring experts from various fields share insights on the complexities of NFT adoption among super brands.

Super brands are more than just products or services; they are cultural phenomena. These brands have transcended their industries to become status, identity, and aspiration symbols. Their power is not limited to marketing; it extends to influencing consumer behavior, market trends, and even social movements. The bond between super brands and their fans is built on trust, shared values, and a sense of belonging.

NFT Panel
Investor Anndy Lian hosts a panel at web3wave discussing the potential of NFTs for brands.

The Quest for Fan Engagement

Dan Mitchell, representing Oracle Red Bull Racing, introduced himself as the Web3 lead. Before entering the world of cryptocurrency and Web3, he had worked extensively in advertising, collaborating with global brands on brand strategy and advertising campaigns. Dan discussed how the Red Bull Racing team utilizes Web3 technology to engage racing fans, emphasizing the importance of putting fans at the core of their strategy.

Formula 1 teams understand the hunger of their fans. The desire to feel emotionally connected to the team, to access exclusive content, and to engage with their favorite drivers is palpable. However, with most fans unable to attend races in person, finding innovative ways to bridge the gap is the challenge.

The question that often arises is, “How do we best use Web3 technology to provide fans with emotionally engaging experiences?” Whether it’s about getting closer to the drivers, accessing team principals like Christian Horner, or offering exclusive perks through loyalty reward programs, the potential of Web3 in enhancing fan engagement is vast.

Dan explained:

“We are using Web3 technologies to engage with our fans. It has been a unique journey for our side, and thanks to Bybit, we understand how to manage Web3 a lot easier.”

The Challenge of NFTs and Utility

As the discussion at the NFT conference suggests, Web3 technology, particularly NFTs, should be invisible to the end-user. It’s not about slapping an “NFT” label on a product or experience and expecting it to succeed. The true success lies in crafting an exceptional underlying experience for customers.

Anndy Lian, a book author and licensed fund manager in Singapore, shared his expertise. He discussed the rapid evolution of NFTs, emphasizing their potential as a gateway to larger communities and technology adoption. Andy also highlighted the importance of utility tokens and the value of creating meaningful user experiences.

“NFT gaming is more than just owning a digital sword; it’s about the experience and usefulness it provides within the game. Formula 1 discovered this when they first experimented with NFTs by offering digital helmets and race suits without any clear purpose. Fans were left wondering what they could do with these digital assets. Our partnership with Oracle Red Bull Racing on the newly launched Velocity Series addresses these concerns. We collaborate with successful NFT artists to incorporate racing characteristics into the art. In this case, the value and usefulness are in the art itself, not just as an NFT, as Anndy stated.”

Learning from Mistakes and Customer-Centric Approach

Liverpool Football Club’s early NFT launch serves as a cautionary tale. They released NFTs without a clear utility, mirroring traditional merchandise. However, they understood their audience better when they partnered with Meta for NFT-based clothing. They used terminology their fans understood, focusing on “collectible avatars” and “coins” instead of complex NFT jargon. This approach led to a highly successful project, with three million wallets opened on the first launch.

Reddit, another big brand, ventured into Web3 by offering customizable avatars without emphasizing NFTs, but instead focused on user identity and opinions. This strategy resonated with their audience and resulted in significant success.

The above points were highlighted by Tom Downing, representing the British Interactive Media Association. He highlighted his role in educating brands and businesses about Web3, and he mentioned a Web3 education business called “Roster3,” which offers an accredited mini-MBA in Web3.

The Reality Check

However, amidst all the excitement, it’s essential to remember that not every Web3 venture is groundbreaking. Some may still appear gimmicky. The key is to offer a unique technology that brings transparency, accountability, and genuine value to users. In the case of NFTs, simply replacing traditional offerings with digital versions won’t suffice.

Ben Radcliffe, representing Amber Group, a crypto-native financial services firm, echoed Anndy’s point. He emphasized the need for brands to understand the “why” behind their Web3 initiatives and how these initiatives can create value for users. He has also highlighted the challenges and opportunities for super brands entering the Web3 space. He emphasized the need for brands to have a legitimate reason for adopting Web3 technology beyond just chasing the latest trend.

Conclusion

The potential future directions for super brands in the Web3 space is positive. The possible expansion areas, include NFT ticketing, fan-based tokens, and immersive experiences in the metaverse. Andy emphasized that brands should focus on delivering value and experiences to users with a long-term perspective.

As the panel discussion concluded, it became clear that super brands are taking significant steps into the Web3 world. While NFTs provide exciting opportunities for fan engagement and revenue generation, brands must be strategic.

The success of Web3 initiatives hinges on providing genuine value and creating immersive experiences for users. In this fast-evolving landscape, the future of super brands in Web3 holds the promise of exciting developments and innovations.

Web3wave Summit was organized on the 3rd of August in London. Experts from Binance, Bybit, Coinbase, Mastercard, Bitfinex, Huobi, Oxford University, and many others were present. Her Excellency Uddin, Member of the House of Lords, gave a keynote speech on her vision for Web3 and Metaverses. The event was supported by Benzinga, Coingecko, CryptoSlate, Seed.Photo, Blockcast.cc, Blockreview, Followin, Moledao, AOI, Custodiy, Bitverse, Riple, Tusima, Pollen Defi and Wishu Media etc.

 

Source: https://cryptoslate.com/nfts-and-super-brands-a-deep-dive-into-web3/

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”.

www.anndy.com
j j j