Why are people earning more on blockchain? Blockchain could slash the cost of transactions and reshape the economy.
How does X-to-earn work? Take play-to-earn as an example. Through the lens of aligned incentives, the concept of play-to-earn games on a blockchain excites venture capitalists. The play-to-earn model on its own is unsustainable. Given the nature and what the business model is like, it creates an unsustainable pyramid scheme-like system where old player are given tokens that is valuable if there is a continuous stream of new players buying afterwhich.
Traditional hedge funds are slowly embracing cryptocurrency investments but are keeping their exposure limited. According to a PwC report, of traditional hedge funds surveyed, 38% are currently investing in digital assets, compared to 21% a year ago.
The following experts share their views on the topics:
– Brian Lu, Founding Partner, Infinity Ventures Crypto
– Anndy Lian, Book Author, NFT: From Zero to Hero
– Anthony Demartino, CEO, Matrixport US
00:00 – Introduction
01:34 – What’s driving the rise of X-to-earn?
09:56 – Traditional hedge funds increasing crypto exposure.
This segment is recorded and produced by The Daily Forkast on August 30, 2022, presented by Joel Flynn for the latest in blockchain & crypto news.
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”.
Block Review organized a roundtable lunch in Bangkok Thailand, on 26 July 2022. 20 carefully selected guests were present at the event. The guest comprises former minister, senior bankers, and c-suite technology founders.
The roundtable aims to let stakeholders understand more about blockchain technology and how this can help with their businesses.
The event is closed door, held under the Chatham House Rule, participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed. Mr Anndy Lian, who is based in Singapore is not able to attend the event in person, had his session recorded with the agreement of all the participants. 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.
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. 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.
The topic of the roundtable is Ethereum Merge: Everything you need to know.
The Merge represents the joining of the existing execution layer of Ethereum (the Mainnet we use today) with its new proof-of-stake consensus layer, the Beacon Chain. It eliminates the need for energy-intensive mining and instead secures the network using staked ETH. A truly exciting step in realizing the Ethereum vision – more scalability, security, and sustainability.
At the Ethereum Community Conference in France, Vitalik Buterin said that Ethereum is just 40% complete—and there’s plenty more coming after the “merge.” The Ethereum mainnet with the proof-of-stake beacon chain—is just the first in a series of planned upgrades.
Ethereum will then undergo further upgrades, which he calls the “surge,” “verge,” “purge,” and “splurge,” he told the conference. These terms are no strangers to Ethereum followers.
Highlights of Ethereum 2.0 aka The Merge:
– Ethereum will move to a POS consensus when it merges with the Beacon Chain
– ETH2 is not a new asset. ETH in your wallet or exchange account will not be impacted.
– Ethereum’s transition to POS will bring numerous benefits, including improved efficiency, scalability, and security, as well as reduced centralization
Anndy answered some of the questions that were being asked:
What is Ethereum 2.0’s release date?
The Ethereum development community is making good progress and we expect ETH 2 to go live in 2022. As of July 2022, the Ethereum core developers updated the Ethereum merge timeline with a tentative launch date sometime during the week of September 19th, 2022.
Why is Ethereum moving to proof of stake?
Ethereum’s transition to proof of stake will bring numerous benefits, including improved efficiency, scalability, and security, as well as reduced centralization.
Will ETH gas fees be cheaper?
No, it will not be cheaper. Gas fees are governed by simple supply and demand. If there is more demand than supply, then gas prices are high. If there is more supply than demand, then gas prices will be low.
Is ETH 2.0 a new coin?
No. There is only one $ETH. There is no $ETH2.
Is Ethereum going to be on POS?
Yes. Ethereum’s current POW consensus will be shelved. However, the network will still operate the same to its end users.
Is ETH 2.0 going to help the current ecosystem?
Yes. The projects that are built on Ethereum will benefit greatly from the upgrade.
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”.
Anndy Lian, 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.
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 where he looks after the governance and compliance aspects of the business.
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.
His second book, titled NFT: From Zero to Hero, tells you all that you need to know about NFT. His book will available very soon.
NFT stands for “non-fungible token.” NFTs can really be anything digital。 In simple words, these cryptographic assets are based on blockchain technology. They cannot be exchanged or traded equivalently like other cryptographic assets. Like Bitcoin or Ethereum.
NFT allows the buyer to own the original item. Not only that, it contains built-in authentication, which serves as proof of ownership. Collectors value those “digital bragging rights” almost more than the item itself.
The following topics were addressed:
– Why NFT is important
– Overview of the current NFT industry
– Who are the current participants in the NFT market?
– Introduction of CEX and DEX NFT marketplace
– What are the different types of NFTs?
– What are the necessary tools if I want to gain an in-depth understanding of the NFT market?
– What is a successful NFT project?
– Quick Overview on NFT Regulations
– Quick Overview of NFT and Traditional Business
– What to look out for during the bearish times?
– What’s next for the future?
NFTs have the potential to be infinitely useful in many industries by increasing security and processing costs for transactions and providing a new platform for the gig economy to work through.
NFTs are revolutionizing digital asset ownership and laying the foundations for crypto, play-to-earn games, metaverses, and more.
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”.
