Token2049 Conference Side Event "DeFi 2049" was officially held, and DeFi is on the road to large-scale adoption

On September 19, the Token2049 Conference Side Event "DeFi 2049" officially opened at 18 Dalvey Estate in Singapore. The project was jointly organized by THENA and DeThings, and invited the Singapore Fintech Association, Green Link Digital Bank and industry giants to jointly plan the future of decentralized finance.

The event included keynote speeches "The Road to Mass Adoption of DeFi" and "Leading the Growth of the DeFi Ecosystem", as well as two roundtable discussions on "Globalization of the Cryptocurrency Market" and "When Will the DeFi Renaissance Happen" and Web3 Network and Degen Game Challenges.

Projects attending the event included BNB Chain, Simon's Cat, Lista DAO, Orbs, Algebra, etc., exploring transformative new ideas for the crypto industry through discussions on the globalization of cryptocurrency and the future of DeFi within the BNB Chain ecosystem. At the meeting, THENA CMO/Co-Founder 0xApollo delivered an opening speech; "Today we gather here to share the latest changes in the industry and look forward to the future of the financial industry together." DeThings CMO Jasmine said: "As a Chinese industry media in Singapore, DeThings hopes to jointly discuss the DeFi innovation wave and explore the latest trends and strategic inspirations for the future development of DeFi."

The two roundtables on "Globalization of the Cryptocurrency Market" and "When Will the DeFi Renaissance Occur" discussed the development of the crypto industry under the current trend of globalization and the combination of the crypto market with traditional finance, and conducted a more detailed analysis of the topic of DeFi.

At the roundtable forum on the theme of "When will the DeFi revival happen", VP BizDev Orbs Ran Hammer said, "Blockchain is not always so ideal. In fact, I only believe in DeFi."

I think DeFi is great because of its composability, anonymity and ease of use. However, when DeFi is running, there are also risks. I think there are two main problems that prevent DeFi from becoming bigger than traditional finance: one is usability, that is, there is not enough good on the chain. There are many functions that we still cannot achieve on the chain. The second is the regulatory issue in the United States. For ten years, the implementation of cross-chain, cross-index and other technologies has been a mess, but this is exactly where improvement is needed. "

BNB CHAIN emphasized the importance of users. BNB chain AFAC lead Sarah said that BNB CHAIN has more than 400 million wallet users, which means that if the Dapps (decentralized applications) of the participating projects want to attract users to play games, purchases, transfers or transactions, then these 400 million users will be your core audience.

"Many people choose us for clear reasons, and we are committed to providing them with wider exposure opportunities through multiple channels (such as promotion in English and other languages). In addition, our infrastructure is ready to provide rich and diverse products to users around the world, and we have a variety of integration methods to achieve this. In addition to these infrastructure supports, we also provide a variety of project incubation and development support, including project research, incubation services, etc." Sarah said.

At the roundtable forum on the theme of "Globalization of the Cryptocurrency Market", Founding Partner DWF LABS Euenge Ng mentioned the progress of the combination of the crypto industry and traditional industries, pointing out a trend that has been expected since 2016, namely the deep integration of emerging technologies or fields with traditional industries.

It pointed out that our current consumer environment contains both emerging elements and traditional characteristics, and has an unremitting pursuit of quality. This coexistence of multiple factors makes us more looking forward to seeing the gap between emerging technologies or fields and traditional industries gradually narrow. This narrowing is not only reflected in the integration of technology, but also in the mutual penetration and influence of multiple aspects such as market, service, and culture. However, although the gap is narrowing, there is still a lot of work to be done. In particular, areas related to infrastructure need to continue to invest and develop to support the widespread application and implementation of emerging technologies or fields. This includes but is not limited to the construction and improvement of infrastructure such as network facilities, data centers, and payment systems.

This article is from a contribution and does not represent the views of BlockBeats.