Cointime

Download App
iOS & Android

KNN3 Recap: 'Igniting Innovation with #WEB3' Vietnam Meet-up

Validated Project

'Igniting Innovation with #WEB3,' organized by KNN3 Network alongside esteemed partners AWS, Chainlink, Moonbeam, and PolkaInsider, proved to be an outstanding success. Held as a captivating side event of GMVietnam, this eagerly anticipated gathering exceeded all expectations, attracting an astounding number of over 280 enthusiastic applicants. This truly showcased the palpable industry-wide interest in the revolutionary world of Web3.

With an unwavering commitment to empowering developers and unleashing their creative potential, KNN3 took center stage at the event, captivating attendees with a vision that ignited their imagination. 

KNN3: Maximizing the Potentials of Data Middle Layers in Web3 dApp growth.

At the forefront of the discussions was KNN3's groundbreaking approach to maximizing the potentials of data middle layers in Web3 dApp growth. With a clear mission to assist app builders on their journey to excellence, KNN3 presented itself as an indispensable partner—a turbo boost for product development. By seamlessly bridging data gaps and harnessing the power of a cutting-edge graph database, KNN3 offered a solution that empowers developers to channel their energy into building top-notch applications.

The sheer magnitude of the Web3 revolution became evident as the Q1 Web3 Development Report by Alchemy highlighted record-breaking numbers in terms of Web3 developers. Amidst this sea of opportunity, developers recognize the need for a flexible development platform—one that can swiftly navigate the intricate challenges of the data layer. KNN3 emerged as the catalyst that enables projects to soar above the competition, while facilitating risk-taking and experimentation—an essential ingredient for success in the rapidly evolving Web3 landscape.

By seamlessly integrating multi-chain data and embracing over 16 protocols, KNN3 crafted a lambda-style workflow that empowers developers to unleash their creativity. Through the platform's novel approach, developers gain the ability to formulate SQL queries and generate custom APIs tailored to their dApps. A standout feature of KNN3 lies in its user-centric data paradigm—a unifier that links all user behaviors, transcending chains and protocols.

Eager to embrace the future while staying at the forefront of innovation, KNN3 also revealed plans to extend support to Moonbeam—an exciting development that further expands compatibility and opens doors to even greater possibilities.

Within KNN3's impressive suite of services, 2 distinct offerings stand out: the Real-Time Data Service and the Lambda-Style Workflow Service. The Real-Time Data Service provides developers with direct access to the dynamic KNN3 API, unveiling a vast array of real-time data sources encompassing user identity, behavior, and relationships. From DIDs to Social Graphs, from Twitter to DeFi, GameFi, and Governance Tools, this service equips Web3 dApps with comprehensive real-time data—ideal for basic user data fetching and address status monitoring.

Complementing this is the powerful Lambda-Style Workflow Service. Harnessing the simplicity and versatility of SQL, this service empowers developers to transform data retrieval and processing into an effortless journey. For those unfamiliar with SQL, KNN3 thoughtfully offers AI-assisted SQL writing and templates—democratizing accessibility to vital data and eliminating technical hurdles. Ideal for dApps requiring advanced on-chain data processing or computation tasks, this service is a game-changer, streamlining API creation and unlocking newfound potential.

When it comes to harnessing basic Web3 data, such as DIDs and NFT metadata, KNN3 takes the concept of real-time to unprecedented heights. In just 30 seconds after the data is on-chain, developers can tap into this information through KNN3's real-time API, accelerating development timelines without compromising accuracy. Inclusive of comprehensive resources like documentation, decks, and videos, KNN3 guides developers on their journey, ensuring they navigate the Web3 landscape with confidence and finesse.

At the heart of KNN3's offerings lies an unwavering commitment to simplifying tasks while empowering innovation. Developers find solace within the platform's ability to handle complex campaigns effortlessly. Take, for instance, the scenario of rewarding community members based on specific on-chain activities. Traditionally, such calculations would necessitate complex data queries and backend setup. However, with KNN3, developers can streamline this process by deploying tasks in one central location—fetching eligible addresses through Chainlink's any API and syncing seamlessly with smart contracts.

The 'Igniting Innovation with #WEB3' Vietnam Meet-Up emerged as a resounding success, leaving an indelible mark on the industry. Its overwhelming popularity, boasting over 280 applicants, serves as a testament to the growing significance of Web3 technologies and the immense potential they hold. 

Comments

All Comments

Recommended for you

  • Trump Rejects Iran's Proposal to Reopen the Strait of Hormuz

    On September 26, U.S. President Trump stated that he has rejected Iran's proposal to reopen the Strait of Hormuz. In a media interview, Trump emphasized that the U.S. has complete control over the Strait of Hormuz, through which a significant amount of oil is flowing. Iran seeks to reach an agreement to immediately reopen the Strait, but 'I have rejected their proposal.' (Xinhua News Agency)

  • Iran's Supreme Security Council Denies Plans for Military Action Due to Flight Ban

    According to Iranian state media: Iran's Supreme Security Council has denied plans for military action in response to the ban on Iranian flights.

  • Analysis: Global Debt Continues to Rise, Bitcoin Benefits from Declining Fiat Currency Purchasing Power

    On September 26, Forbes reported that Bitcoin approached $90,000 earlier this month. Meanwhile, global debt continues to rise, and the 'currency devaluation trade' surrounding the decline in fiat currency purchasing power has become one of the factors driving up assets like Bitcoin and gold. According to the Institute of International Finance (IIF), global debt increased by $10 trillion in the first half of this year, surpassing $365 trillion in total. U.S. debt has exceeded $40 trillion, with annual interest payments rising to $1.27 trillion, surpassing defense and Medicare expenditures, and only falling behind Social Security spending. The IIF warns that as benchmark interest rates rise, interest costs will also increase. Nic Puckrin, founder of Coin Bureau and cross-asset analyst, stated that the current environment is favorable for 'currency devaluation assets' like Bitcoin and gold, which is partly why Bitcoin has seen recent gains. The larger the debt scale of major economies, the more likely it is to suppress real borrowing costs and allow inflation to erode the real value of debt, thereby enhancing the attractiveness of such trades. Analysts from The Kobeissi Letter noted that the purchasing power of the dollar has declined by 23% since 2020, and U.S. inflation has been above the Federal Reserve's 2% target for 60 consecutive months.

  • Morgan Stanley Increases Bitcoin Holdings by 42.98 BTC, Total Holdings Reach 9,261 BTC

    On September 26, Morgan Stanley extracted 42.98 BTC, valued at approximately $3.6 million, from the Coinbase Prime hot wallet address through its spot Bitcoin exchange-traded fund MSBT. This brings Morgan Stanley's total Bitcoin holdings to 9,261 BTC, valued at approximately $779 million.

  • Goldman Sachs: Six Tech Giants Need to Generate $1.42 Trillion from 2028 to 2030

    On September 26, Goldman Sachs released a research report on the U.S. technology industry, conducting a quantitative analysis of the return on investment for large cloud providers as they continue to expand their capital expenditures in artificial intelligence (AI). The report focuses on six major U.S. tech companies: Alphabet, Amazon, Microsoft, Meta, Oracle, and SpaceX, and performs a stress test on their computing power investments from 2026 to 2027. Assuming an average upfront investment of approximately $42 billion per gigawatt (GW) of computing power, with 70% of capital expenditures allocated to hardware and 30% to data center construction, while incorporating conservative depreciation rules and ongoing operational costs, Goldman Sachs estimates that these six companies must collectively generate about $1.42 trillion in revenue from 2028 to 2030. This equates to approximately $11.6 billion in annual revenue per GW of computing power to achieve a 15% annualized return on invested capital (ROIC) for this round of AI computing investments. Goldman Sachs believes that the commercial value associated with different tokens varies, and the returns on AI capital expenditures will not be uniform. However, considering the market growth potential over the next 3 to 5 years, the firm still expects that capital invested in the AI sector over the next 18 months will maintain a good overall return on investment.

  • CZ: Welcomes More DEX Competition, Does Not Oppose Hyperliquid

    On September 26, Binance founder CZ stated during the podcast "WhenShiftHappens" that he does not oppose Hyperliquid and welcomes more centralized and decentralized trading platforms to participate in innovation, as the industry is far from saturated. He estimates that the proportion of the population holding some form of cryptocurrency is about 5% to 15%, but based on personal wealth allocation, the penetration rate of crypto assets may be less than 1%, indicating that the industry is still in its early stages. CZ mentioned that some members of the Hyperliquid community have attempted to build their community by criticizing centralized trading platforms and Binance, but he views this as normal competition and does not oppose the project. Previously, Trump mentioned Hyperliquid, which is very positive for the industry. Assets like HYPE, BNB, and Bitcoin could all benefit from the overall growth of the industry. CZ also pointed out that first movers do not necessarily become the long-term biggest winners. Google, Facebook, and Binance were not the first products in their respective fields, and later entrants can often optimize further based on the groundwork laid by pioneers. Although he holds a significant amount of Binance shares and BNB, the centralized trading platform is just part of his asset allocation; rather than expanding a single platform, he hopes to promote the growth of the entire crypto industry.

  • Bitget CEO Confirms $387.5 Million Hacker Attack but Plans IPO Within Three Years

    On September 26, Crypto Briefing reported that Bitget CEO Gracy Chen stated that despite the platform being hacked on September 24 at 18:31 UTC, resulting in a loss of $387.5 million, the company still plans to go public within three years. The stolen assets included approximately 103 million XRP (about $157 million) as well as ETH and USDT, while the cold wallet was unaffected and no private keys were leaked. Chen noted that the characteristics of the attack were similar to previous actions by North Korean hacker groups, based on IP and transaction pattern analysis. Law enforcement has been notified, and on-chain tracking has been initiated, with Mandiant and SlowMist assisting in the investigation. Withdrawals remain suspended. Bitget's user protection fund exceeds $464 million, which can fully cover the losses with approximately $76 million remaining. Chen mentioned that in 2026, the AI and aerospace sectors would attract investors' attention, making the IPO environment challenging.

  • Bitget CEO Calls on THORChain: Refuse Service to Attackers' Addresses

    On September 26, Bitget CEO Gracy Chen posted on the X platform stating that the addresses of the attackers from Bitget have been publicly listed and are being actively tracked. The platform formally requests the cross-chain protocol THORChain to refuse service to these addresses. She emphasized that decentralization is a design principle and should not serve as a shield for facilitating known stolen funds, stating, 'The entire industry is watching.' Previously, blockchain security firm MistTrack pointed out that following the Bitget security incident, funds related to the Bitget attackers were again observed being transferred to THORChain for asset exchange and cross-chain transfer, publicly questioning the protocol's responsibility for facilitating large cross-chain exchanges when it is aware that the funds come from a publicly identified major hacking incident.

  • U.S. Spot Solana ETF Sees Record Daily Net Inflow of $80 Million

    According to Crypto Briefing, on September 25, the U.S. spot Solana ETF recorded a daily net inflow of approximately $80 million to $87 million, more than doubling the previous daily record of $33.5 million set in August. For the week, inflows reached $181 million, bringing the total net inflow to over $1.6 billion, with total assets under management ranging between $1.8 billion and $1.96 billion. Among these, Bitwise's staking-supported BSOL attracted about $55.7 million in a single day, accounting for roughly two-thirds of the total for that day; since its inception on October 28, 2025, BSOL has cumulatively represented about 80% of inflows in this category (approximately $1.22 billion). Grayscale's GSOL saw a daily increase of about $18.5 million, ranking second, while Fidelity's FSOL and Morgan Stanley's MSOL contributed less. During the inflow period, the price of SOL was around $120. Analysts suggest that the ability to support staking and yield generation is a core advantage that distinguishes these funds from Bitcoin ETFs.

  • Web3 data and AI company Validation Cloud completes $10 million in new round of financing

     Web3 data and AI company Validation Cloud announced a $10 million financing round from True Global Ventures. The company plans to use the funds to expand its AI products and achieve seamless access to Web3 data.