Staking 2024 Tokyo Event Review: Exploring New Frontiers in Staking and Building a Prosperous Ecosystem Together
"World's Largest Staking Gathering | Tokyo Station"
The "World's Largest Staking Gathering | Tokyo Station" will be held on August 28, 2024, during Webx at the Prince Park Tower Tokyo. This event is co-hosted by DP CAPITAL, the Japanese cryptocurrency/Web3 entity CoinPost, and the well-known Web3 media ChainCatcher. The aim is to bring together the most secure, best risk-managed, and reliable liquidity Staking projects from around the world to explore the future development trends and opportunities in the Staking business.
Participants from various sectors flocked to the event, creating a vibrant industry atmosphere throughout the venue. As the speeches and forums progressed, a lively brainstorming session on the latest advancements in Staking technology and market analysis unfolded.
In the keynote speech on "The Future Development of AI and DePIN," co-speakers from IO.NET, ATT, sollong, and Compute Labs shared their views on the interaction between AI and DePIN projects. They believe that the combination of AI and DePIN will greatly enhance data processing efficiency, laying a solid foundation for the future data economy. Compute Labs proposed a novel financialized AI model that allows investors to profit from future "currencies"—computing power—by enabling direct access to computing assets and creating computing derivatives. They emphasized that investors currently lack effective ways to directly participate in AI investments, and they are creating a financial ecosystem for AI that allows investors to share in its prosperity.
Regarding the Japanese cryptocurrency investment market, co-speakers from ivs Crypto, SBl vc, Skyland Venture, and DP shared their insights. They noted that current cryptocurrency investments in Japan are mainly focused on decentralized applications (DApps), gaming, and NFTs, particularly projects with innovative technologies and practical application scenarios that attract more investor attention. In the investment process, they place great importance on the project team's background, technical strength, and market prospects, conducting rigorous due diligence and risk assessments. Despite the tightening regulatory environment for cryptocurrencies in Japan in recent years, they believe this still helps promote healthy industry development and attract more investors to the market.
On how foreign cryptocurrency companies can enter the Japanese market, co-speakers from Defimans, Orbiter, AEON, and Webx shared their strategies and experiences. They believe that understanding local cultural factors and consumer behavior is key to success, while establishing partnerships, joint ventures, or setting up local subsidiaries are also important ways to integrate into the local market and build brand image. Despite fierce market competition, they believe that new entrants still have opportunities to establish themselves and succeed in the market through innovation and service quality.
In the keynote speech on "Staking on Solana," speakers from Solana, IO.NET, and DP Capital shared their views on Solana's staking mechanism. They believe that Solana's staking mechanism has unique advantages in terms of efficiency, security, and scalability compared to other major blockchain networks. They introduced top projects on Solana with staking capabilities and demonstrated the calculation and distribution methods of staking rewards. They also stated that they will continue to work on improving staking efficiency, lowering barriers, and expanding application scenarios to attract more validators and delegators to join the network, promoting the prosperous development of the Solana ecosystem.
Additionally, co-speakers from Nubit, Stakestone, and CoinMuse shared their views on the business models of staking in the keynote speech on "The Business Model of Staking." They believe that the main sources of income for staking businesses include staking rewards, transaction fees, and value-added service fees, emphasizing the sustainability of these models in the long term. They stated that they will enhance competitiveness through continuous innovation and improved service quality, actively seeking opportunities for joint development with local Japanese partners to better meet market demands through localization strategies and cultural adaptability.
In addition to the above speeches, the event featured other exciting content.
Flock.io introduced a novel AI model training and validation method based on the Proof of Stake (PoS) mechanism in its presentation on "Decentralized AI Training Based on PoS." Flock.io positions itself as "Uber for machine learning engineers," providing an AI arena for DApp deployment and model competitions, as well as a model marketplace where task creators can host models for other users to pay for usage. Flock.io's incentive testnet train.flock.io allows for easy participation, offering one-click training and validation scripts that cater to different levels of machine learning expertise.
Solv Protocol, a decentralized Bitcoin reserve protocol, has opened new possibilities for Bitcoin reserves and DeFi applications through its innovative SolVBTC project. By addressing the fragmentation of BTC assets, yield opportunities, and custody solutions, they provide Bitcoin holders with a gateway to BTCFi.
Meanwhile, HashKey Cloud, as a global leading Web3 infrastructure provider, shared its professional insights and innovative practices in the blockchain service field. As one of the core businesses of HashKey Group, HashKey Cloud provides professional, stable, and secure blockchain services to global clients, including secure, stable, and convenient enterprise-level staking services that support mainstream Proof of Stake blockchains.
The "World's Largest Staking Gathering | Tokyo Station" event was undoubtedly a highly successful industry conference. It not only showcased the latest advancements and market trends in Staking technology but also provided participants with a valuable platform to gain in-depth insights into industry dynamics, share practical experiences, and expand their cooperation networks. We have reason to believe that in the coming days, Staking will continue to lead the new trend of asset appreciation and ecological prosperity, injecting continuous vitality into the development of the digital economy.
About DP Capital
Founded in 2023 and headquartered in Japan and Australia, DP Capital has invested over $20 million in the fields of DePIN, artificial intelligence, and real-world assets (RWA). DP Capital firmly believes that the digital economy is the core of the future, providing ecological investments throughout the entire lifecycle of projects, with comprehensive support from a global investment professional team and years of experience in the cryptocurrency market to help projects realize their maximum potential.
About ChainCatcher
ChainCatcher is a leading Chinese media outlet in Web3. Since its establishment in 2018, it has attracted over 1.2 million readers and has an annual visit volume exceeding 1.8 billion times. Its partners include Binance, OKX, Scroll, Manta, Puffer Finance, Filecoin, HashKey, Solana, Metis, Mina, and others.
About io.net
io.net is a decentralized computing network that supports the development, execution, and scaling of ML applications on the Solana blockchain, combining 1 million GPUs to form the world's largest GPU cluster and DePIN. io.net aggregates GPUs from underutilized resources (such as independent data centers, crypto miners, and crypto projects like Filecoin and Render) to address this issue. These resources are combined in a decentralized physical infrastructure network (DePIN), enabling engineers to access vast computing power in an accessible, customizable, cost-effective, and easy-to-implement system.
About Solv Protocol
Solv is a decentralized Bitcoin reserve protocol that unlocks the full potential of Bitcoin assets through liquidity consensus infrastructure. By addressing the fragmentation of BTC assets, yield opportunities, and custody solutions, Solv provides Bitcoin holders with a gateway to BTCFi, continuously establishing pathways and confidence for traditional funds to enter the cryptocurrency world.
About HashKey Cloud
HashKey Cloud, as one of the core businesses of HashKey Group, provides professional, stable, and secure blockchain services to global clients, including secure, stable, and convenient enterprise-level staking services that support mainstream Proof of Stake blockchains.
About StakeStone
StakeStone is a liquid staking derivative basket (LSDb) token backed by ETH staking rewards, integrating mainstream staking pools, Re-Stake, and LSD blue-chip DeFi strategy yields, providing all protocols with a new high-adaptability underlying asset that requires liquidity for LSD.
About Nubit
Nubit is a scalable Bitcoin-native data availability layer, protected by Bitcoin. Nubit can expand Bitcoin's data capacity without compromise, empowering applications such as Ordinals, Layer 2s, price oracles, and indexers, thereby broadening the scope and efficiency of the Bitcoin ecosystem. It utilizes an innovative consensus algorithm and the Lightning Network, inheriting Bitcoin's fully censorship-resistant characteristics.
About AEON
AEON is the next-generation modular payment protocol designed to unify cryptocurrency payment standards, connecting blockchains, merchants, and users to achieve a seamless and unified crypto future.
About Sollong
Sollong aims to build RWA financial bridges through PoPW, TIPIN, and EdgeFi networks, innovatively exploring high-yield financial management models using DePIN as the foundational application layer.
About FLock.io
FLock aims to build a decentralized privacy-preserving solution for artificial intelligence. FLock proposes a research program called Federated Learning Blocks (FLocks), which uses blockchain as a coordination platform among data holders for machine learning while keeping data local and private. By replacing centralized entities that collect data and organize machine learning with blockchain, FLocks aims to enable users to extract insights from their own data and decide on monetization themselves.
About Orbiter Finance
Orbiter Finance is a decentralized cross-rollup bridge for transferring Ethereum's native assets. In Orbiter Finance, there are two roles: Sender and Maker. When a Sender initiates a transfer, the Maker provides liquidity for it. Smart contracts ensure the security of this process. If the Maker behaves poorly and causes the transfer to fail, the Sender can initiate an arbitration request against the Maker's collateral with the contract and receive excess compensation.
About Compute Labs
Compute Labs is a computing tokenization protocol for financializing AI, enabling direct access to computing assets, and creating computing derivatives that allow investors to easily profit from computation (the currency of the future).
About Reflection
Reflection is a Web3 virtual persona platform that breaks away from existing concepts of virtual digital humans and virtual identities. On this platform, users will achieve a perfect AI simulation identity clone that can independently communicate, learn, and grow on the platform. After a period of growth, this AI digital persona clone may become stronger and smarter than the original user while still fully aligning with the user's personality and characteristics.
About RootData
RootData is a Web3 asset data platform that first encapsulates on-chain and off-chain data of Web3 assets, with higher data structuring and readability, aiming to become a trusted data layer for the Web3 ecosystem.