April 19th, 2022

Anndy Lian Spoke at AIBC Summit UAE 2022: ‘Investment opportunities in Defi & NFT’

Anndy Lian Spoke at AIBC Summit UAE 2022: ‘Investment opportunities in Defi & NFT’

Speaking on ‘Investment opportunities in Defi & NFT’ at the AIBC Summit in Dubai on March 21, 2022, the Chairman of BigONE Exchange Anndy Lian said he firmly believed in the importance of community to the long-term success of DeFi and NFT projects.

“There is a lot of hype in the crypto market around DeFi and particularly NFTs right now. But one essential factor that sets the projects apart is the strength of their community. I think that community aspect needs to be clearly laid out when seeking VC investment,” Lian said.

While in the world of startups you traditionally started with a product or service and then sought to find and acquire customers in the DeFi and NFT world, these rules have changed. Indeed, during the ICO boom days when a white paper and a founding team with advisors was enough to gain funding, in 2022 that’s certainly no longer the case.

While a strong project team is still essential just as important is a clear vision of what the project is aiming to achieve together with real utility, said Lian. “There’s a lot of talk about projects being community-focused but what does that mean? It’s certainly true that building a community cannot just be based on a series of airdrops otherwise the community will soon disappear once the incentives dry up. I believe there needs to be along with an engaged community, a sense that the community has a real stake in the startup through its governance and its tokenomics,” Lian added.

As the current controversy over the purchase of Crypto Punks IP by Yuga Labs, which is currently reported to be in funding talks with A16z at $5B valuation, the role of VC investment in this space comes with both opportunities and risks, Lian observed. While Yuga Labs has now acquired a dominant position in the NFT market, and top VC interest along with that, there remains the challenge of keeping diverse communities onboard.

“In the long term, particularly as regulation in crypto starts to make an impact, its important to consider how a DeFi, NFT or even a meme coin project will continue to deliver value on behalf of its customers, and for its community,” said Lian, who is also a Kishu Inu Foundation council member.

Also appearing on the expert panel hosted by NewTribe Capital VC were Vinny Lee founder of CRT Labs, and Martin Belobrad partner at Metrix Capital.

AIBC Summit aims to be a pillar in the technological development by uniting tech-leaders, regulators, investors and entrepreneurs from across the world to discuss, share ideas, make partnerships and build the foundation for the industry of tomorrow.

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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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April 14th, 2022

Cloud Executive Summit Asia: Architecting a Future Cloud Ready Strategy for Metaverse

Cloud Executive Summit Asia: Architecting a Future Cloud Ready Strategy for Metaverse

Metaverse is a much talked about topic nowadays. Technology has a symbiotic relationship with the world, and humans’ interaction with technology constantly gets disrupted with new innovations. The future of the Internet and the vision of it being the Metaverse has definitely a potential for disruptive change to the way we live, work and play. The race is on for businesses looking to have a stake in building and positioning themselves for the arrival of the future. As this will be the next battleground for cloud computing, evolving your cloud strategy and tools will be the first step to lead you to this new frontier. This panel will discuss:

– Defining the metaverse and reasons why we are pursuing it
– Importance of cloud infrastructure in the concept
– How should technologies evolve to support the realisation of this concept

The speakers’ lineup includes:

– Lim May-Ann, Executive Director, Asia Cloud Computing Association (moderator)
– Anndy Lian, Chairman, BigONE Exchange; Chief Digital Advisor, Mongolian Productivity Organization
– Lionel Chok, Chief Metaverse Officer, Hatten Edge Pte Ltd (Subsidiary of Hatten Land Ltd)
– Dr. Khoo Eng Tat, Principal Investigator, Immersive Reality Lab, National University of Singapore

May-Ann Lim, Emeritus Director – Asia Cloud Computing Association: “Foundational technology and the stabilisation of all of the important bits and pieces usually not as sexy as the things that you build on top of it. So it’s important to integrate for all that we have been really exciting things on the internet. I think foundationally it’s still a wire in the ground that’s bringing us a lot of things. So that I think that stability and environmental systems are important.” (10:17)

Anndy Lian, Chairman; Chief Digital Advisor – BigONE Exchange: “In a very, in a very simple manner I will say that the metaverse is giving the decentralised network a very good use case. You know, apart from that metaverse can actually exist in both and in some ways or another is still centralized; you know whether the metaverse is being controlled by the DAO or it’s being controlled by the centralised party, in some ways, they’re still a form of decentralisation. So the simplest version that I have in mind, is an environment, a place where people can live a second life, a virtual environment apart from the life we are experiencing right now.” (6:27)

Lionel Chok, Chief Metaverse Officer – Hatten Edge Pte Ltd (Subsidiary of Hatten Land Ltd): “You don’t know if it will take 10 or 15 years, you don’t know. But what we do know is that because so many of the tech giants missed the boat or didn’t totally respond to web 1.0 or 2.0, you can be sure that nobody is going to miss the boat this time.”

Eng Tat Khoo, Principal Investigator, Immersive Reality Lab – National University of Singapore: “Moving forward, I think that what the real world is, and what the virtual world is going to merge at some point, right? And that will be truly better is truly multidimensional and truly parallel. And for that to happen, I think there need to be breakthroughs happening in the space, one is on understanding the space and objects, so we do object tracking, localization, and I think you also need to develop some intelligence for normal voice interaction and natural language processing.” (26:47)

Cloud Executive Summit Asia, powered by Cloud Expo Asia, launches on 13th April 2022 at Marina Bay Sands. It is a one-day face-to-face event that will bring together CTOs, CIOs, Heads of IT, Infrastructure, Digital Transformation, AI, Cloud Security, Architecture, IT Operations, etc. from all industry verticals. The exhibition and conference promises challenging content and the opportunity to network with your industry peers.

The theme of the event is Accelerate Business Agility Through Cloud and some of the topics that form the 2022 programme include:

Digital Infrastructure: Fast, Agile, Resilient, Sustainable
– AI in Cloud Computing
– Hybrid Cloud Strategy
– Imagine the Future (Metaverse)
– The Rise of Serverless: IT-as-a-Service
– Work Productivity
– Sustainability
– Data Management

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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April 1st, 2022

Anndy Lian spoke at launch of Alawad Fund “Dubai’s Drive To Be a Global Hub for Crypto Innovation Show Results”

Anndy Lian spoke at launch of Alawad Fund “Dubai’s Drive To Be a Global Hub for Crypto Innovation Show Results”

As regulation hots up in the US following the Executive Order, and with the prospect of new UK government plans to regulate the cryptocurrency market in the coming weeks, it’s clear that countries can no longer sit on the sidelines of the crypto industry. The potential shift in power spurred on by innovation in blockchain and related technologies means playing safe for jurisdictions is no longer an option. The UAE is well positioned to be a regional hub for the crypto industry, with a regulatory structure in place and with more than 350 blockchain companies operating there. UAE also took advantage of the pandemic to attract business with aggressive vaccination while largely keeping its borders open, while retaining business through low taxes and a light touch regulatory mindset – a perfect environment for attracting crypto entrepreneurs in the last two years.

Indeed, some call Dubai the fastest growing hub in the world right now for crypto technology, reflected in the fact that Binance has now set up offices in Dubai. It’s also benefiting from business relationships with the booming Israeli crypto sector based in Tel Aviv, according to a report in the Wall Street Journal following recent peace accords. In addition, it’s reported that the Abu Dhabi-headquartered fund Mubadala, one of the largest sovereign wealth funds with over $243bn AUM, is investing in the blockchain sector. Mubadala’s CEO Khaldoon Al Mubarak told CNBC in December that he was not a skeptic but saw it as real. But he did admit the regulatory format was not there totally, but it needed to be in place in order for the asset class to transition into something new. “We are looking at the ecosystem around crypto and we are investing in that system.”

This global momentum to embrace crypto and blockchain was addressed by the Chairman of BigONE Anndy Lian recently, in a speech to His Highness Awadh Mohamed Al Sh Mogrin Sultan, a top-ranking diplomat, and Honourable Chairman of the Alawad Fund. Lian said he saw similarities with the innovative and supportive crypto environment in Singapore: “I’ve actually seen the same trend in Dubai, I’ve met some good projects that are very serious about what they do, whether it’s looking at web3 or decentralized storage, or DeFi.”

Elaborating on two key trends starting with DeFi Lian said the integration of traditional finance products into DeFi such as bonds meant this was a sustainable sector for a country such as Dubai. He said the second significant trend was the crypto mining business with a very good uptake of new miners. “There are many new investors going into crypto mining, and when I say big investors, we’re talking about at the very least tens of billions of dollars going into the mining space. If you look at the longer term, it is a very lucrative investment.”

Lian remarked that as a partner & LP to several funds, with an AUM (assets under management) of around $500 million and having invested in crypto startups since 2018, he was looking forward to talking to people and brands about working together on the investment front in Dubai. “I want everybody to work together. You know, we should work together, be open, and welcome, good partners; this is the same philosophy that you do as well; this is the place where we will start to build a new story,” added Lian.

Earlier in March His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, approved the first ever law on regulating virtual assets. “Today we are participating in designing the future of virtual assets globally.” Sheikh Mohammed stressed that Dubai possesses all the capabilities to be a key global center in the field of virtual assets, supported with the new legislative environment. “Dubai will provide the most advanced virtual asset ecosystem in terms of organization, governance and security. Approving the virtual asset law and establishing the Dubai Virtual Asset Regulatory Authority is a vital step that establishes the UAE’s position in this sector… a step that aims to help the sector to grow and protect investors,” he confirmed.

The Chainalysis ‘2021 Geography of Cryptocurrency Report’ published in October 2021, found plenty of potential for growth in the Middle East in general and specifically the UAE. The Middle East as a whole is the second-smallest cryptocurrency economy studied by Chainalysis, having received $271.7 billion worth of cryptocurrency between July 2020 and June 2021 (6.6% of global activity). “While that total is low compared to other regions, it represents nearly a 1500% increase over the Middle East’s total activity the previous year, making it one of the fastest-growing markets in the world,” the report’s authors said.

Reflecting the success in promoting crypto businesses in Dubai, it was reported on March 28 that cryptocurrency exchange business Bybit has received in-principle approval to conduct a full spectrum of virtual assets business in Dubai, the firm announced with the UAE Ministry of Economy at the World Government Summit 2022. Bybit also confirmed that it plans to set up its global HQ in Dubai, under the Emirate’s “test-adapt-scale” virtual assets market model.

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”.

j j j