ChainCatcher news, Wang Feng, the founder of Blueport Interactive, stated on his X platform: "Why did Blueport Interactive buy Bitcoin, and what’s next? I will answer five points here:Our holding of Bitcoin is strategic. We are optimistic about Bitcoin network applications, decentralized finance, and empowering real assets and crypto assets aimed at Web3 applications.I am a fervent believer in crypto technology and have launched Marsbit, Consensus Lab (LK Venture), Mars Cloud Mining, and Element over the past five years. After regaining the CEO position in the first quarter of last year, I have vigorously promoted the integration of Blueport Interactive with Web3 business attempts.I am pleased that today Bitcoin has reached a new level close to $90,000, with our first purchase price at $26,000, followed by subsequent purchases. I first advocated for Blueport Interactive to buy Bitcoin when it was over $4,000, but at that time it was difficult for our board to execute.We will inevitably disclose the progress of linear reduction at the appropriate time; crypto assets, like stocks, have a market norm of volatility, and any reduction is tactical; if there is a reduction today, it must be for an increase tomorrow.We are long-term optimistic about Bitcoin; and we are very optimistic about the possibility of significant growth within this year or the first quarter of next year."

ChainCatcher news, Wang Feng, the founder of Blueport Interactive, recalled in a social media post today that in 2019 he proposed the company invest $20 million to purchase Bitcoin (which was priced at less than $6,000 each at the time), but faced strong opposition from board members and a representative of a major shareholder who threatened to sue. It wasn't until early 2023, after Wang Feng resumed the role of CEO, that the company began to implement the Bitcoin investment plan, but by then the price of Bitcoin had risen to $26,000 each.This statement stems from Wang Feng's comments on MicroStrategy's recent plan to raise $42 billion in funding over the next three years. Notably, MicroStrategy only began purchasing Bitcoin on a large scale in 2020, and if Blueport Interactive had executed its investment plan in 2019, it could have potentially reaped substantial profits.According to Wang Feng, when he founded Mars Finance in 2018, the platform secured nearly $10 million in funding within a year, with monthly advertising revenue peaking at 120 Bitcoins, and a single conference in the summer of 2020 could attract approximately 10 million RMB in sponsorship.

ChainCatcher news, Wang Feng, the founder of Blueport Interactive, shares his views on the Bitcoin market on X.The specifics are as follows:Bitcoin is likely to soon break through the previous high before the last bull market.After Bitcoin reaches between 90,000 and 100,000, it may be the first real correction point (there won't be a significant correction at the moment), then it will correct to 60,000-80,000, gather strength, take off again, and enter above 120,000.The Bitcoin halving is favorable, and there will definitely be short-selling sentiment, which may be negligible against the currently very strong ETF Bitcoin price increase.This time next year, it may be hard to see Bitcoin below 100,000. Similarly, it may also be difficult to see Ethereum below 10,000 at that time.Currently, the rise stimulated by the Bitcoin spot ETF has just awakened the traditional overall cryptocurrency market from the market winter, and it is far from entering the greed phase in the crypto market.

ChainCatcher news, Wang Feng, the founder of Blueport Interactive, tweeted, "I will transfer all my equity in Element to the Hong Kong listed company Blueport Interactive Group Limited free of charge, making Element a part of the listed company holding quality assets. At the same time, I announce that I will no longer hold any equity in Crypto projects in my personal capacity. All my investment paths will be through assets under Blueport Interactive."

ChainCatcher news, Wang Feng, the founder of Blueport Interactive, posted on the X platform stating that his investment is very bold and cautious, and it is not just blooming everywhere. He has sold all of the remaining 100,000 FIL in the company's account, converting it entirely into SATS. He hopes that SATS will become a new generation cryptocurrency symbol that empowers the entire Bitcoin network ecosystem.Wang Feng stated: "In fact, I believe even more in decentralized storage networks, and there must be more and better solutions and projects. But not funding schemes like Filecoin, which may not be able to wrap up. Our fund's farewell to FIL may be permanent, never to return. This asset in the future is left for Xiao Hei to contemplate."

ChainCatcher news, Element has integrated the Layer2 protocol zkSync. Element founder Wang Feng tweeted, welcoming zkSync's NFTs, DEX, domains, social, dApps, and games to collaborate with Element.zkSync is a Layer2 protocol for scaling Ethereum payments and smart contracts, and it is the technical solution adopted by the team Matter Labs, which builds Ethereum's ZK Rollup scaling solution.Element is a community-driven aggregated NFT trading market that provides users with high liquidity, low fees, powerful trading tools, and smart and instant data services.

ChainCatcher news, at the opening forum of Foresight 2023 Hong Kong Summit, Element founder Wang Feng pointed out that the product pain point-driven approach that Web2 entrepreneurs excel at may not be entirely applicable to Web3. Web3 entrepreneurs need to find a unique narrative logic; additionally, Web3 entrepreneurs not only need Web2's products, design, and operations but also need to build a unique economy, shifting from traffic thinking to liquidity thinking by leveraging unique assets and incentive models.He disclosed that Element will launch 20,000 Element Pass Standards (EPS) on April 14, and users can receive benefit packages by holding EPS, which include governance, economic, and product privileges.

ChainCatcher news, NFT market Element founder Wang Feng tweeted that he plans to base in Hong Kong, embrace cryptocurrency, and collaborate with technological innovators on the world stage; he will launch an office in Hong Kong within three months as the headquarters; it includes Hong Kong-listed company Blueport Interactive, NFT platform Element, Marsbit, Web3 gaming platform NAGA, and Consensus Lab, covering information, trading, gaming, and investment platforms. (source link)

ChainCatcher news, NFT aggregation market Element's founder Wang Feng disclosed on Twitter that Element will launch a speed version within March, and hinted that there may be news about ELE as the platform governance token in the near future. (Source link)

ChainCatcher news, NFT trading market Element's founder Wang Feng stated on his social platform that he is willing to organize several well-known funds to jointly acquire and integrate CoinDesk, including its crypto media and Consensus conference business.ChainCatcher reported earlier today that CoinDesk CEO Kevin Worth mentioned that CoinDesk may seek a full or partial sale while looking for funding for its future development. (Source link)

ChainCatcher news, Blueport Interactive (08267) announced that Liao Mingxiang has submitted his resignation as the company's executive director, chief executive officer, member of the remuneration committee, compliance officer, and authorized representative of the company, effective from February 26, 2023, due to differing views on the group's future direction and development. In addition, the board has appointed Wang Feng, the executive director and chairman of the board, as the company's chief executive officer and compliance officer, and appointed company secretary Chen Yanhua as the company's authorized representative, effective from the date of Liao Mingxiang's resignation.The newly appointed Wang Feng stated in his social media that he is returning to the original point of Blueport Interactive's listing in 2014, emphasizing two points: first, to maintain an open mindset towards gaming. Second, to embrace new technologies and evolve with the times. He is not afraid to navigate through the minefield, leading the team into the wonderful world where Web3 and gaming combine, which holds great potential.It is reported that Blueport Interactive is a well-known interactive entertainment content platform provider in China. Founded in 2007 by Wang Feng, Liao Mingxiang, and others, it went public on the Hong Kong Stock Exchange's Growth Enterprise Market in 2014, raising over HKD 720 million in its IPO. (source link)