The 2024 Hangzhou Web3 Forest Apec Summer Conference was a complete success

Author: BUDAO LABS, Budaocai Finance

On August 17, 2024, the Web3 Forest Summer hosted by AP Capital was successfully held in Hangzhou. This conference, sponsored entirely by AP Capital and organized by BUDAO LABS, brought together leading blockchain experts, project leaders, technical developers, and investors from around the world to discuss the latest trends in blockchain technology and its applications across various industries.

The conference grandly opened at the Zhejiang University Forest Conference Center in Hangzhou, attracting over 300 participants. The discussions covered a range of hot topics, including cutting-edge innovations in blockchain technology, the development and application of AI technology, the potential of decentralized infrastructure (DePIN), and the market prospects of decentralized energy networks.

At the opening of the conference, the first speaker was the sponsor, AP Capital. The speaker, Alexander L from the Outreach Department, presented on the topic "Foundation and Vision of IBGTG," explaining the foundation and vision of IBGTG. Since its establishment in 2021, AP Capital (IBGTG) has been dedicated to discovering and supporting Web3 projects with disruptive potential, with a mission to support early projects that can shape the future of finance and infrastructure, establishing an innovative and efficient one-stop investment platform. IBGTG has achieved impressive results in two key investment areas—BTC Layer2 and DePIN.

AP Capital is based in the United States, with a presence in Hong Kong and Shanghai, and has established close partnerships with various investment institutions and Web3 companies both domestically and internationally. AP Capital is not just investing in projects but also in the future of the decentralized world. BTC Layer2 and DePIN are just the beginning of AP's journey, with the goal of helping to build a safer, more efficient, and more decentralized global infrastructure.

The second speaker was Alan WU from Geek Accelerator, a subsidiary of AP. His topic was "Mission & Vision of Geek Accelerator in the Context of Web3 + AI." Alan first reviewed the development trends of Web3, blockchain, and the metaverse, as well as the underlying logic of empowering the real economy. He pointed out that under the national strategy to vigorously promote the digital economy and AI empowerment across various industries, big data and computing power have become the core competitiveness and assets of enterprises. As the DePIN track with the most practical applications in Web3, high-quality projects such as IoTX, Helium, Filecoin, and Network 3 have emerged. Geek Accelerator will continue to focus on and incubate potential projects in the DePIN track, providing a solid foundation and inexhaustible motivation for AI empowerment of the real economy and building new productive forces!

Next was the online speaking session. The first guest connected was Leanid from Network3, who presented on "How Edge AI Changes the World?" discussing how edge AI is transforming the world. He explained how Network3 builds AI Layer2 and helps AI developers around the world to quickly, conveniently, and efficiently train or validate models on a large scale, enhancing developers' accessibility to Web3 & AI technologies and promoting their widespread application.

The second guest was the heavyweight speaker, Hara, CEO of Janction. He introduced the background and development of the Janction project.

Next, Jessica, COO of EC3, connected with the theme "Decentralized Energy Network Coalesced by People," introducing how a decentralized energy network is built by people. Ec³ is a decentralized energy network co-created by people. Based on Peaq Network, it combines energy tokenization with low-carbon mining solutions and enhanced incentives. It has developed hardware devices called Energy Plug and a software application called Ec³ APP, creating a DePIN focused on collecting users' electricity data and monitoring the safety of their electricity environment. Ec³ has received funding from well-known projects or companies such as Peaq Network and Waterdrip Capital. The team plans to launch the public sale of Energy Plug in the third quarter of 2024.

Kelly from WatchX Network then connected live, discussing "Mainstream Narrative: Mass Adoption," exploring mainstream narratives and the state of mass adoption. She pointed out that the mainstream narrative of blockchain and Web3 is gradually maturing and beginning to influence public perception. Although challenges remain in the adoption process, with technological advancements and ecosystem improvements, this field is expected to see broader applications and development in the future.

The last online guest was Daniel Park, CSO of PLANET BRAIN, who presented on "The Largest Web 3.0 Community Operated by an AI Chatbot Persona," introducing how Simsimi operates as the largest Web 3.0 community. He discussed the application of AI technology in community operations, providing valuable insights for future community building in the Web3 industry.

The appearance of BUDAO LABS CEO BIT RUST, the organizer of this conference, ignited the enthusiasm of the audience and predicted the upcoming trends in the Web3 industry, significantly boosting everyone's confidence. He emphasized that the current development of blockchain must deeply integrate with AI technology, as AI can better promote the development of blockchain, helping people to better understand and participate in it. He also announced that a product combining AI technology and blockchain, BUDAO NEWS, will soon be launched, deeply analyzing the application capabilities of AI technology and using this as an example to demonstrate the possibilities, practicality, and creativity of the combination of the two.

A friend from Russia, Co-Founder of the mobile apps company ANTON, shared on "How SocialFi Experiment Turned into THE Leading CEX on Telegram," discussing xRocket's experiences in the SocialFi experiment and its journey to becoming the leading CEX on Telegram, along with recent popular ecosystems and the public chain ecosystem TON's social narrative. He provided valuable suggestions for the construction of other public chain technologies based on the TON public chain.

Next, Rocky, the founder of SANDBOX, presented on "Consumer Electronics × DePIN: How Web3 Empowers Consumer Electronics," exploring how Web3 empowers the consumer electronics field. The DePIN sandbox is an innovative consumer goods incentive network aimed at accelerating device manufacturers' entry into the Web3 ecosystem and achieving the decentralization of the Internet of Things (DePIN). The core goal of the project is to strengthen the connection between device manufacturers and users through effective behavioral incentive mechanisms while simplifying the integration process of IoT devices with blockchain.

The Dean of the Deep Innovation Academy, Baoshi, shared on "Setting Sail: WEB3 Cruise Carnival," discussing the vision and future plans of the WEB3 Cruise Carnival, interpreting the fragility of the current traditional financial system, and revealing the hidden dangers of the future global economic environment. He also addressed how the Web3 industry should face the upcoming risks and challenges.

The final highlight of the event was a roundtable discussion filled with valuable insights. Senior journalist Arian from Chain Catcher served as the guest host, inviting Nick, a cryptography PhD from the University of California, Baoshi, Dean of the Deep Innovation Academy, Rocky, founder of Sandbox, and ZC, a technical researcher from Wukong Technology, to discuss "The Current State and Future of Blockchain and Web3: Responding to Market Volatility and Innovation Opportunities." They engaged in in-depth exchanges on the main factors of current blockchain market fluctuations, the impact of global economic uncertainty on the blockchain and Web3 industry, and future industry trends and emerging tracks, resulting in valuable conclusions. The guests and audience unanimously agreed that blockchain technology will play a more critical role in the future digital economy. With continuous technological advancements and deeper applications, blockchain is expected to give rise to new business models and development opportunities across various industries. This roundtable not only provided an opportunity for diverse viewpoints to collide but also offered unique insights into the future development direction of the industry.

At the closing ceremony, many participants expressed that this conference not only enhanced their understanding of Web3 but also provided new ideas and inspiration for future development. In the future, as blockchain technology continues to mature, it is expected to play a greater role in more traditional fields such as finance, logistics, healthcare, education, and payments.

The successful holding of this conference marks further development and popularization of Web3 in China and globally. In the future, the Blockchain Technology Alliance will continue to promote industry cooperation and technological innovation, facilitating broader applications and development of blockchain technology.

Finally, heartfelt thanks to the friends who braved the scorching summer heat to attend the event. Thank you for your enthusiastic participation and sincere sharing. We hope to continue to work hand in hand to promote the advancement of Web3 and look forward to gathering with everyone again at future events!