Anndy Lian Spoke at Crypto Art NFT/ DeFi Event “NFT has to move beyond art, into finance”

Anndy Lian Spoke at Crypto Art NFT/ DeFi Event “NFT has to move beyond art, into finance”

Anndy Lian and TokyoCrypto catch up at the Crypto Art NFT Event on Twitch, 10 April 2021. This event is produced by NFT.Black and partnering with Beyond Finance.

NFT stands for non-fungible token, are pieces of digital content linked to the blockchain, the digital database underpinning cryptocurrencies such as bitcoin and ethereum. Unlike NFTs, those assets are fungible, meaning they can be replaced or exchanged with another identical one of the same value, much like a dollar bill.NFTs aren’t exactly new. CryptoKitties, a digital trading game on the cryptocurrency platform Ethereum, was one of the original NFTs, allowing people to purchase and sell virtual cats that were both unique and stored on the blockchain.

NFT catches the trend this quarter and is the most talked-about topic currently in the crypto-verse. It’s popularity is in part driven by the fact that anybody can tokenise their work to sell as an NFT but interest has been fuelled by recent headlines of multi-million-dollar sales. On 19 February, an animated Gif of Nyan Cat – a 2011 meme of a flying pop-tart cat – sold for more than $500,000. A few weeks later, musician Grimes sold some of her digital art for more than $6m.

It is not just art that is tokenised and sold. Twitter’s founder Jack Dorsey has promoted an NFT of the first-ever tweet, with bids hitting $2.5m. Christie’s sale of an NFT by digital artist Beeple for $69m (£50m) set a new record for digital art.

Anndy Lian was also interviewed by Channel News Asia (CNA) Insider last week. (https://anndy.com/interview/is-digital-art-the-next-thing-to-invest-in-money-mind-cna-insider-nft-boom/)

In the event, Anndy shares his views on crypto in general. TokyoCrypto also asked Anndy about NFT, DeFi, on-chain custodian and more.

At the end of the event, Anndy brought up an interesting point. “Combine cross-chain capabilities from tech companies like CZZ (Classzz.com) with NFT multi-chain marketplace like Hodooi.com would be interesting. Companies should come together to create a better-decentralised environment for this industry and not work alone.”

Lian has also told a reporter from Blockpaths.com that NFT has to move beyond art, into finance. “NFT is not just about art. It is also way beyond the current hype. The real capability for NFT is not fully tapped on. Its ecosystem and infrastructure are still in the building stage, we will definitely see its true self in the near future.”

You can view the full interview at:

About Anndy Lian

Anndy Lian is an early blockchain adopter and experienced serial blockchain entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030” and currently the Advisory Board Member of Hyundai DAC Technology. 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. Anndy is also part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce.

An avid supporter of incubating start-ups, Anndy has investments in several traditional companies. He 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”.

You can read more about Anndy’s work at www.anndy.com

About Blockpaths.com

Blockpaths.com is a social media marketing company that paves the path for the future by sharing knowledge on blockchain technology and cryptocurrencies. We want to tell the world what blockchain and cryptocurrency can do for us now and in the future. On our platform, we bring you the most credible news and information that is happening in the industry. We also want to showcase the best companies and personalities that will give you the true definition of what this industry is all about.

On top of this, we are also a social media marketing company.

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” and currently the Advisory Board Member of Hyundai DAC Technology. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. He also 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”.

You can read more about Anndy’s work at www.anndy.com

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Anndy Lian Spoke at Global Roundtable Review: Short Selling: What is it? Why is it Risky and How this will affect Crypto?

Anndy Lian Spoke at Global Roundtable Review: Short Selling: What is it? Why is it Risky and How this will affect Crypto?

Anndy Lian, Advisory Board Member to Hyundai DAC participated in event “Global Roundtable Review” organised by Block Review. Anndy Lian talked about the recent short selling incident for Gamestop and investors worked through social media to gain an advantage.

The following is a summary of Anndy’s speech:

An overview of the Gamestop saga: What is a short squeeze?

The last week of events is unprecedented in my opinion.
When you buy a stock, you own it and the price goes up due to the company’s performance and all. But when you short it, you are basically betting on the stock to do badly. Some hedge funds are shorting a couple of stocks. They shorted more than a 100%.

The reddit group used publicly available information, went in to buy the stocks and driving the price up, they created a short squeeze. The group drove up the price of the stock, leading to the hedge fund paying more than what they had sold it for before returning the borrowed shares, at the cost of professional traders.

That led to stopping Robinhood app that is targeted at mass retail investors to buy the stock. Forcing a crash and despite all these, the stock went back up. The people are winning.

If Gamestop new shareholders were to hold them long enough, the hedge funds will go out of business. Melvin Capital lost 53% of their investment.
Elon Musk and many other celebrities are also tweeting asking all to buy and hold. This movement has become organic.

 

What should investors know before shorting stocks?

Investors need to know what kind of risk they are getting themselves in. If you’ve ever lost money on a stock, you’ve probably wondered if there’s a way to make money when stocks fall. There is, and it’s called short selling. Even though it seems to be the perfect strategy for capitalizing on declining stock prices, it comes with even more risk than buying stocks the traditional way. Investing in stocks in the usual way is risky enough. Short selling should be left to very experienced investors, with large portfolios that can easily absorb sudden and unexpected losses.

 

How risky is it to be following leads on forums (like reddit)

If you are in investment groups or on social media, there are many groups soliciting to jab individual stocks. This is not something new. Social influencers are also doing this, in the stocks and crypto market. I would say it is very dangerous to follow blindly to the “financial advice” on social media as many times the expected outcomes are not what you want. This time this Reddit group managed to make it, but what about the hundreds or even thousands of times where retailor investors got hurt.

 

In the Gamestop saga, was there institutional money (the other camp) pushing the squeeze? Will blockchain technology help?

I hope not, else we will be losing faith in this so call free, open market in USA. I would believe not all hedge funds are bad. There are a small handful of bad actors right now. Nasdaq CEO is calling regulators to come in and account for what has been done.

Regulators should get to the bottom of this, how is it possible for them to short more than 100% of the stocks. The system must be upgraded. In order to have a fair market, this is also a perfect time to look at blockchain technology, this the same technology that is backing up Bitcoin and many others. Blockchain technology will improve transparency and efficient too.

The reddit group – called SatoshiStreetBets – has driven up price of Doge, similar to how WallStreetBets did for GameStop. DOGE started rallying after a Twitter user calling himself the chairman of WallStreetBets (though who is not affiliated with the subreddit) asked followers about the cryptocurrency.

“What you are seeing on DOGE is not a short squeeze. It is the effects of social media gathering and working together. You cannot short sell or squeeze DOGE. It’s only rising because of speculation.”

This DOGE movement is used to demonstrate how users can manipulate prices if they move together. An individual cannot drive the prices but a group or a community of people who worked on the same goal can do that.

 

Can a similar short squeeze situation happen in Singapore?

Short-selling is not banned in Singapore, but SGX already requires investors to mark sell orders as “long” or “short” and publishes both daily and weekly reports on short-selling activity. “Abusive” short-selling – for example, with the spread of false rumours – could also be prosecuted as market manipulation or deception under the Securities and Futures Act.
Such policies will improve transparency on short-selling activities in the securities market and enable investors to make more informed trading decisions. With the added on help with technology such as blockchain, it reduces the chance of us being in this situation.

But then again, “Anything can happen.” Maybe less likely in Singapore.

 

Video:

https://youtu.be/KeoTRTKrwVA

 

About Anndy Lian:

www.anndy.com/about

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” and currently the Advisory Board Member of Hyundai DAC Technology. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. He also 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”.

You can read more about Anndy’s work at www.anndy.com

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Anndy Lian Spoke to BitcoinLive on NFT, Defi, Wall Street Bets, XRP and more

Anndy Lian Spoke to BitcoinLive on NFT, Defi, Wall Street Bets, XRP and more

Anndy Lian, an intergovernmental blockchain advisor and entrepreneur based in Singapore spoke to BitcoinLive on 31 January 2021 on his views on NFT, Defi, Wall Street Bets, XRP and more.

Anndy started the session by sharing what he is doing right now. He has mentioned that he is taking a break and spending time to change some of his business from traditional to crypto like. He is looking at introducing NFT art to www.smexy.com, convert www.worldairfare.com from a referral business model to a crypto rebate scheme.

NFT is a hot topic and the host from BitcoinLive asked Anndy how he felt NFT is going for 2021. Anndy’s reply is bullish on the NFT market, he felt that there should be some price adjustments and protection for the consumer. The increase in price for Ethereum should not be the driving factor for NFT art for example to pump up the price. The price has to be pegged to the value of the artwork.

When asked on the latest development on the regulation space. Anndy highlighted on the newly released Defi research paper by South Korea’s government (Ministry of Science and NCT).

“This is the world’s first government-led Defi research paper. And I believe more governments will release their own in time to come. This shows governments’ interest and they are more ready to move into our space.” Anndy Lian told Blockcast.cc reporter.

On his views on XRP, Lian remained bullish on the outcome for XRP. He stated that right now XRP does not function like a securities and for the past, they have to sort this out properly with SEC. He also emphasized that XRP will still function well with or without Ripple as their businesses channels are all established.

Lastly, Anndy commented on the current movement, Wall Street Bets (WSB). He felt that the movement also served as a warning that financial markets are volatile and it is not for everyone.

“If a highly decentralised coin such as DOGE can be manipulated, any coins can be manipulated. So promoting WSB and changing your profile picture with the golden hair may have a negative backlash to this young crypto space.”

At the end of the session, Anndy cautioned all to be careful when investing and stay safe.

Video:

About Anndy Lian:

Anndy Lian is an early blockchain adopter and experienced serial blockchain entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030” and currently the Advisory Board Member of Hyundai DAC Technology. 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. Anndy is also part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce

Media Contacts:

Name: Melody Chan
Title: Editor
Website: https://www.blockcast.cc/about/​
Email: [email protected]

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” and currently the Advisory Board Member of Hyundai DAC Technology. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. He also 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”.

You can read more about Anndy’s work at www.anndy.com

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Anndy Lian, Advisory Board Member at Hyundai DAC Spoke at Global DeFi Summit “Do the right thing for DeFi for it to grow.”

Anndy Lian, Advisory Board Member at Hyundai DAC Spoke at Global DeFi Summit “Do the right thing for DeFi for it to grow.”

Anndy Lian, an early adopter of blockchain and cryptocurrency spoke at the Global DeFi Summit on 6 January 2021.

“Decentralized Finance (DeFi) will see a stronger interest from institutional investors this year. The macroeconomic trends of low-interest rate globally will also mean DeFi is more relevant to the companies. Traditional finance world keeps breaking, money and people will be redirected to Defi.” Anndy Lian shared.

What is the fastest-growing DeFi area or trend in 2021?

Defi will continue to grow rapidly in 2021.

A) Staking on Defi will grow faster than in 2020. This is closely linked to Ethereum 2.0. The launch of 2.0 is a critical step towards scaling ETH to a much larger capacity. The shift to POS allows huge amount of wealth to be staked as collateral. I would also think more users will not leave their ETH on exchanges. This then spurred to another observation.

B) I think there will be more Cefi and Defi integration in 2021. We will see integrations in traditional products. Crypto backed derivatives and cross-chain products will hit its peak by Q3 2021. We may also be seeing more crypto proprietary trading in 2021.

What challenges should we expect to arise for DeFi in 2021? Will regulators attempt to restrict or limit it in any way?

The challenges did not change. The reason why Defi grew so fast is due to the flawed financial structure. Governments will step in hard for 2021 but they are still playing a catch-up game. Based on what I know, governments know there are underlying enforcement issues. They are resorting to looking at using on-chain digital id to track and trace and enforce AML but this will again take time.

For example, DeFi lending projects will most likely be regulated in a similar way as financial institutions that offer margin lending. They will also be asked to register as a bank, a non-bank lender or a broker.

In conclusion, Anndy emphasized that we need to work closely together in this ecosystem and do the right thing for DeFi to grow.

Anndy Lian is an early blockchain adopter and experienced serial blockchain entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030” and currently the Advisory Board Member of Hyundai DAC Technology. 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. Anndy is also part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce.

This event is organised by Gulf Xellence and sponsored by YFDAI. Blockcast.cc is the PR company representing Anndy Lian.

 

About Blockcast.cc:

Blockcast.cc is a broadcasting news source for the blockchain community. Founded in Singapore. We have a network of partners in China, Hong Kong, South Korea, Singapore and Malaysia. We have also helped global blockchain and cryptocurrency companies reach their marketing, public relations and advertising goals.

Media Contacts:

Name: Melody Chan
Email: [email protected]
Website: www.blockcast.cc/about

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” and currently the Advisory Board Member of Hyundai DAC Technology. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. He also 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”.

You can read more about Anndy’s work at www.anndy.com

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Yahoo Finance: Anndy Lian Spoke at Economics Summit 2020: “Cryptocurrency recreates the future of finance.”

Yahoo Finance: Anndy Lian Spoke at Economics Summit 2020: “Cryptocurrency recreates the future of finance.”

Singapore, Singapore, Dec 5, 2020 – (ABN Newswire) – COVID19 has brought uncertainty to every sector. The financial industry has not been spared. There are vital concerns that are emerging for the Banking & Capital Markets. Economics Summit 2020, held on 2 November 2020, gathered a panel of industry experts to discuss current challenges and share future insights on the topic. Anndy Lian, one of the panelists, shared insights on Central Bank Digital Currencies (CBDC) and its form in the future.

The panel consists of Kent Choi (Team Leader, Credit Suisse), Yvonne Zhang (Director, Risk Advisory, Deloitte), Andrew Colquhoun (Executive Director, Monetary Authority of Singapore), and Anndy Lian (Advisory Board Member, Hyundai DAC) and moderated by Pau Khua Mung.

The topic of Central Bank Digital Currencies (CBDC) came up during the discussion. CBDC is known as a new type of currency that governments around the world are experimenting with. It is issued and controlled by the central bank is managed on a digital ledger or blockchain, the same technology that underpins cryptocurrencies such as bitcoin. CBDC also aims to expedite and increase the security of payments between banks, institutions, and individuals.

Andrew Colquhoun, MAS, mentioned that: “Digital currencies are a key area for MAS and central banks globally. Consensus views across different institutions show no immediate urgent use case for CBDC in this region. Many central banks are adopting a wait and see approach and still on a consultation basis.”

Further accelerating central banks’ considerations for the issuance of CBDC, Anndy Lian, Hyundai DAC added: “CBDCs are very early-stage and I believe CBDC is here to stay. CBDC is a form of digital fiat powered by blockchain for many, is traceable and accountable. It works 24/7, nonstop around the clock.” He also went on to clarify that CBDC is not a cryptocurrency. “We must be clear on this and not lumped this (CBDC) into the bucket of cryptocurrencies. There are also crypto companies looking at adding cryptocurrencies on top of CBDC and acting as a bridge. But this is a different concept.”

Digital currencies are still early. It is essential to understand the pros and cons behind it. Digitalization has prompted both regulators and the public to demand increased privacy. Same for CBDCs. Many technologists believe that the right design structure for CBDCs will ensure privacy. “There are many misconceptions on the technology and concept. It will take time to design a suitable model. In my opinion, CBDCs complement and not replace cash. Cryptocurrency recreates the future of finance.” Anndy sums up.

Economics Summit 2020 is an annual event organized by SIM Economics Society (SIMES). SIMES is a student-led society at the Singapore Institute of Management (SIM) committed to learning and researching global economic challenges.

Kevin Kristano, VP in Marcomm, SIMES thanked all the speakers and his colleagues for making this event possible and told the reporter: “Covid-19 has accelerated a vast array of technology adoption and digital transformation in several industries, like banking and finance. I believe that this change is imminent, regardless of the pandemic. I look forward to how this technological shift would affect the global economy.”

The two days summit ended on 2 November 2020. To view the video recording for this panel, go to https://youtu.be/hwgfXNUuwsw

Contact:

Name: Jenny Zheng
Title: Editor
Email: [email protected]
Website: www.blockcast.cc

 

Source: https://au.finance.yahoo.com/news/anndy-lian-spoke-economics-summit-073400312.html

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” and currently the Advisory Board Member of Hyundai DAC Technology. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. He also 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”.

You can read more about Anndy’s work at www.anndy.com

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