Oak Grove Crypto 2024 concluded successfully, attracting thousands of Web3 builders from around the world to discuss new trends in the next five years.

On April 5th, during the Hong Kong Blockchain Period, Oak Grove Crypto was hosted by Oak Grove Ventures and co-organized by Polyhedra, Alchemy Pay, Ritual and ChainCatcher 2024 has come to a successful conclusion.

Event site, Binance, CoinMarketCap, TRON, Solana Foundation, NEAR Protocol, Gate.io, OKX Wallet, Bitget Wallet, Manta Network, io Representatives of dozens of well-known Web3 projects and platforms such as .net, Merlin Chain, Lifeform, Delysium, IoTeX, BounceBit, UniSat, Conflux Network, OKX Ventures, Avail, and global technologies such as Amazon Web Services (AWS), Google Cloud, and LaPay Giants, delivered keynote speeches focusing on hot topics in the industry such as Bitcoin ecology, AI Web3, DePIN, etc., as well as important areas such as public chains, zk, payment, and cloud computing. The wonderful sharing on the spot also attracted nearly 3,000 viewers to participate, and more than 10 million people watched online.

Discuss the new progress of Web3 infrastructure such as public chain, payment, cloud computing and so on

The event opens, Shawn, co-founder of Oak Grove Ventures, introduced the establishment and philosophy of Oak Grove Ventures in detail in his opening speech. Shawn mentioned that his team consists of professionals from well-known institutions such as NGC, Harvard Blockchain, Libra, Coinbase, and Google. At present, Oak Grove Ventures’ funding scale has reached US$60 million. Its difference from traditional funds is that it is more professional, flexible and fast.

Immediately afterwards, Oak Grove Ventures partner Sally shared in the keynote speech that Oak Grove Ventures has launched some original work since 2023. Technically, Oak Grove Ventures innovates around data encryption, data processing, data transfer and data privacy to ensure the transparency and positive interaction of its transaction process. Experts from different backgrounds and industries form a diversified Oak Grove Ventures team, which can provide comprehensive and effective strategic support for more early-stage projects.

Polyhedra Network CSO Eric Vreeland, Binance payment business development director Pakning Luk, Alchemy Pay Asia Pacific partner director Adam Farhat, Avail co-founder Anurag Arjun, Solana Foundation consultant Adam Jin, BNB Chain's business development director Walter, COO of Scallop and more than a dozen key guests in various fields opened keynote speeches or roundtable discussions in the morning session. Oak Grove Ventures partners Sally and Andrea Chang served as moderators of roundtables on different topics, raising important issues of concern to the encryption market.

Among them, Pakning Luk, Director of Payment Business Development of Binance, and Adam Farhat, Partner Director of Alchemy Pay Asia Pacific respectively shared the future trends of crypto payments. Pakning Luk said crypto payment adoption is growing at a rate of 14% annually.

The first roundtable discussion centered on Layer 1. Avail co-founder Anurag Arjun, Solana Foundation consultant Adam Jin, BNB Chain's business development leader Walter, Berachain Asia Pacific business development leader Nezha Bear, and Chromia Asia Pacific head Yeou Jie respectively shared the biggest trends in the current Layer 1 track. Changes and trends, focusing on the impact of modularity on their respective businesses.

Trust Wallet Community & Growth Director Scarlett Zhang revealed in the keynote speech that Trust Wallet is expected to be launched on the chain interaction platform in May this year.

Google Cloud Asia Pacific Web3 expert Kyle Song and Amazon Web Services (AWS) solutions architect Sijie Han shared how they, as cloud computing leaders, actively expand Web3. Kyle Song said that Google is actively deploying in multiple Web3 areas such as L1/L2, MPC, and data indexing. Sijie Han mentioned that AWS solutions can currently support various types of Web3 enterprises and have served well-known Web3 projects such as Coinbase and Phantom.

Looking forward to cutting-edge trends such as AI, DePIN, and Bitcoin ecology

After a short intermission, TRON founder Justin Sun and CoinMarketCap Anson Lee, Ritual founding member Saneel, Delysium founder XK, Solana Foundation DePIN head Kuleen, DIMO co-founder Andy Chatham, BounceBit founder Jack Lu, Merlin Chain founder Jeff, UniSat founder Lorenzo, Lifeform founder Kevin Che, etc. Many guests discussed important narratives in industries such as AI Web3, Bitcoin ecology, DePIN, Metaverse, and public chains.

Among them, on the topic of how to combine AI Web3, Ritual founding member Saneel, Chasm co-founder KC, Virtual Protocol ecosystem leader Matthew, and Aki Network co-founder Ming S all Starting from their respective products, they shared the practice of combining AI and Web3. They mentioned how cryptocurrencies can be used to incentivize AI to become available and trustworthy to everyone.

Regarding the field of DePIN, the focus is on how to use blockchain and tokens to encourage users to share physical world resources in a decentralized manner. IoTeX business development and research manager Dr. Andrew Law, DIMO co-founder Andy Chatham, Reddio founder and CEO Neil, Solana Foundation DePIN leader Kuleen, Aethir co-founder Dan, and Network3 founder Rock all shared their practical experiences.

Kuleen, head of Solana Foundation DePIN, said that the current DePIN market size is still far from expected, but it is similar to insurance and other industries and needs to focus on scale effects in order to do bigger. better. Dan, co-founder of Aethir, said that currently DePIN developers will face multiple problems. Regarding DePIN network technology, how to ensure the smoothness and ease of use of the network; when a large number of companies use the service, how should developers balance input and output? .

Regarding the current hottest Bitcoin ecology, keynote speeches and roundtable discussions were held focusing on the two major directions of Bitcoin Protocol Ordinals and Bitcoin Layer 2.

Tap Protocol CSO Alex Philippine believes that using Bitcoin in the future will become more and more fool-proof, just like using ordinary chat tools, in order to expand the market size. Tap Protocol CSO Alex Philippine and UniSat head Lorenzo believe that innovation should become more and more universal in order to produce more profound changes in the Bitcoin ecosystem.

Merlin Chain founder Jeff mentioned that Merlin is currently thinking about a question when developing applications. In addition to the protocols and applications that have appeared on Ethereum, whether applications on Bitcoin need to be integrated with the Bitcoin asset chain? Only by using the composable and interoperable features of open source, combined with bottom-up community drive and Fair Launch's asset issuance changes, can we create more innovative content and gain market recognition.

Regarding the large-scale application of blockchain, Lifeform founder Kevin Che mentioned that in Internet competition, what is more important than DAU is User usage duration and usage frequency. Not everyone currently uses blockchain, but everyone uses smartphones. Judging from the experience of smartphones, products must not only provide use value, but more importantly, emotional value. Emotional value can better determine the market and frequency of use of the final product.

Finally, TRON founder Justin Sun shared his views on the current cycle and TRON’s strategic planning through an online video. Justin Sun said that judging from past experience, before and after the Bitcoin halving, cryptocurrencies such as Bitcoin may enter a general rise stage and break through the previous high. This year, there is also the benefit of the approval of the U.S. Bitcoin ETF. This market trend may occur more rapidly and violently. It is currently only the early stage of this bull market. In this cycle, TRON will focus on the expansion of Bitcoin Layer 2, interoperability and other directions. In addition, TRON will cooperate with more meme currency projects to issue more meme coins on TRON to encourage more users to use TRON.

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