At the end of September, we participated in an unforgettable gathering - Token2049, which is the flagship event of Asia Cryptocurrency Week, the world's premier web3. event.
TOKEN2049 Encryption Conference has many topics, full of diversification, from the dawn of Web3 to the future of the metaverse, from the development of DeFi to the realization of NFT, from the review of blockchain technology to the future of cryptocurrency... Attracted 7000 people from all over the world + attendees, 2000+ companies and 250+ sponsors, hundreds of events, glad we were a part of it.
At the meeting, we got to know many entrepreneurs, investors, and well-known speakers in the industry with great potential, including well-known project teams such as Filecion and ABGA (Asian Blockchain Game Alliance). After exchanging ideas with each other, we also fought for some cooperation opportunities. Here, we also learned that many people agree with us that Web3, DeFi, NFT, and Metaverse projects are the most promising because they all focus on giving users control over their own data, and community rather than centralization A platform owned or governed by an entity.
During the meeting, we also launched a global connection, during which we felt the recognition of ICPLAZA family members from all over the world. Every support and love of everyone has strengthened the confidence of ICPLAZA's development and inspired us Move quickly towards your goal.
ICPLAZA focuses on cross-network interoperability, scalability, and distributed storage (IPFS). We want to create a decentralized, open, and fully open-source public chain, giving each participating node the same The right to status can unimpededly publish and run a variety of decentralized applications.
Prospective to the future
In a recent report, Vantage Market Research predicted that Web3 services are expected to grow at a CAGR of 41.6% from 2022 to 2028, growing from an estimated value of $2.9 billion today to more than US$23.8 billion. But Web3 has a scalability problem, which was first brought to light in 2016 .
Scalability is one of the core pillars of the blockchain network. It precedes the blockchain network and extends beyond the blockchain network . Organizations including enterprises, charities, organizations, governments, etc. must comply with the scale growth Scalability principle. Failure to do so will most likely inhibit their development potential and at worst break the project structure.
Since the development of the blockchain network ten years ago, we can compare the current blockchain participants with the early Internet participants, and we can also draw conclusions that the two are in extremely similar situations.
Businesses didn't start adopting the Internet until it became a tool available to most people. Until then, the Internet was an inaccessible and expensive service for most people . We now see that, given the services, features, and speeds of the time, it was unwise for everyone to subscribe to the Internet .
However, when it became more scalable, more people started using it and the number of internet users started to grow. When Web 2.0 became the standard, more and more protocols started appearing on the ever-evolving World Wide Web, which created a positive cycle and web 2.0 began to develop rapidly .
We can see how the lack of scalability is bad for the industry. In terms of performance, between fees, minting costs, transaction finality, and network stability, they have nothing to do with the traditional digital world . One has to look at things from the perspective of the end user to understand the utility of a new and exciting technology.
Also, interoperability plays a crucial role, as most metaverse ecosystems today are not compatible with other worlds, so each ecosystem is like an "island", isolated and small.
ICPLAZA supports a variety of cross-chain technologies, aiming to open up different blockchain networks. It is fully compatible with public chains such as ETH and BSC, and operates across platforms, so that the value of different blockchains can flow freely, thereby fundamentally solving blockchain problems. The "island effect" of the chain.
We are creating a public chain system that anyone in the world can use efficiently, a world where value can circulate freely no matter where they are, and a borderless public chain ecosystem. In order to ensure the liquidity and sustainability of the ecology, we also set up an ecological fund and an ecological funding plan to use financial support, traffic support and resource support to cooperate with ecological developers for a win-win situation. High-quality DAPP ecological projects will be supported by funds, allowing developers Can capture more value. Recently, we have also launched a global ecological proposal collection event with a reward of at least 50,000 US dollars . We have identified important areas of the ecosystem and how to solve them. If you provide the best solution for ICPLAZA , you will
All of us play an important role in the grand scheme of human and technological development. Each of us jointly draws the blueprint for the development of ICPLAZA and creates a highly free and highly autonomous ecosystem . With the rapid development of ICPLAZA, it will surely show us a brand new and colorful Metaverse world!