Cointime

Cointime

Download App
iOS & Android

BBS NYC: AI and Web3 Building a New Perspective for a Sustainable Future

Cointime Official

BBS.NYC is a grand event in the blockchain technology industry, held twice a year worldwide. On June 1, 2023, global blockchain experts, developers, and investors gathered in New York to exchange and discuss various topics, including zero-knowledge proofs, digital wallets, distributed science, DeFi, SocialFi, cryptocurrency payments, and the integration of Web3 and AI. Now, let's take a moment to look back at the scene.

In this event, experts focused on the importance of AI and Web3 in building a sustainable future. At the beginning, they emphasized the significance of accurate data and also discussed the challenges of large centralized ideas, such as high costs and functional choices.

Zero-knowledge proofs: In the discussion on privacy protection in blockchain, the guests shared the importance of zero-knowledge proofs in enhancing data security and protecting user privacy.

Digital wallets: The topic of how digital wallets can securely and efficiently manage cryptographic assets, as well as their role in promoting the adoption of cryptocurrencies, garnered significant attention.

Decentralized finance and social finance: The summit delved into how DeFi and SocialFi are reshaping the financial system and driving more equitable and transparent financial services.

Integration of Web3 and AI: Participants explored how to leverage AI technologies to strengthen Web3's smart contracts, identity verification, and data processing capabilities, laying the foundation for a more secure and scalable decentralized network.

In terms of community, there were 30-40k people in the community during the event, coming from various backgrounds. They were looking for accountability, ensuring blockchain transactions, documentation, self-repair, real-time data, and how to decode for access.

Additionally, Datuk Seri Eddie from Malaysia stated that Malaysia is becoming a center for Web 3. One advantage is the ease of entering different country markets since Malaysians can speak different languages. The strategic location is close to China and Taiwan. It has a low cost of living, abundant workforce, and friendly licensing regulations. Moreover, the costs are low (e.g., rental compared to Singapore), making it easy for businesses in Singapore to shift to Malaysia or even accept different investments from other countries.

At the BBS.NYC 2023 Summit, representatives from well-known enterprises and projects such as BitMart, OKX, CertiK, Alchemy Pay, Triangle, O1 Labs, Ava Labs, Celestia, Offchain Labs, Solana, Dcoreum, Payment Asia, Demonwar, and Chainge Games, as well as Caribbean government officials, top venture capital firms, and scholars, took the stage to share their experiences, insights, and project progress, providing participants with abundant learning resources and inspiration.

During the Demo Day segment of the summit, 13 highly anticipated projects were showcased under the joint hosting of multiple venture capital companies. These projects covered various areas, including Web3 food ordering applications, IP, games, DAO, AI, and more. Their impressive performances caught the attention of over 20 venture capital firms, with the combination and application of AI and Web3 undoubtedly becoming the focus of this exhibition.

Participants unanimously expressed that BBS.NYC 2023 provided them with a valuable opportunity to delve into the blockchain and AI fields, broadening their horizons and deepening their understanding of New York City's unique position and importance as a global hub for technological innovation.

The organizers of BBS.NYC stated that they will continue to expand the scale of the event, providing more platforms and opportunities for communication and collaboration within the industry. They also encourage participants to apply the knowledge and insights gained from this summit to their practical work and continue to monitor the development of AI and blockchain technologies.

In general, this event has provided an opportunity to gain a deeper understanding of the importance of AI and Web3 in building a sustainable future. It has served as a platform for experts to share their insights and experiences, offering participants a chance to stay updated on the latest trends and challenges. This is a noteworthy field to pay attention to, as it holds the potential to create limitless possibilities.

SocialFi AI DeFi Decentralized Finance Web3
Comments

All Comments

Recommended for you

  • French Finance Committee Approves Amendments on Stablecoin Exchange Tax and Crypto Exit Tax

    On October 10, Decrypt reported that the Finance Committee of the French National Assembly approved two amendments related to cryptocurrency taxation this week: starting January 1, 2027, exchanges of stablecoins regulated under MiCA will be considered taxable sales; and an exit tax will be imposed on taxpayers who have been French tax residents for at least six of the past ten years and have moved abroad with crypto assets totaling over 800,000 euros. On October 9, the committee voted 31 to 3 to reject the budget revenue portion, and the full National Assembly will review based on the government's original text. The amendments will not be automatically included; supporters must reintroduce them during the debate starting on October 13, with a formal vote scheduled for October 20. The related measures have not yet become law. The stablecoin amendment was proposed by Nicolas Sansu, a member of the left-wing GDR party group, along with 16 co-signers, and does not set a new tax rate but aims to include the revenue under France's existing 31.4% flat tax system. The committee also passed an amendment allowing crypto asset losses to be carried forward for ten years to offset future gains.

  • Luxshare Precision: Company and Luxshare Technology Involved in 337 Investigation, Currently in Initial Filing Stage

    On October 10, Luxshare Precision announced that the company and its holding subsidiary, Dongguan Luxshare Technology Co., Ltd., have been listed as respondents in a 337 investigation by the U.S. International Trade Commission (ITC), involving U.S. Patent US 10,903,700. The ITC officially launched the investigation on October 9, 2026, with investigation number 337-TA-1526. The case is currently in the initial filing stage, and no substantial determination has been made regarding the relevant infringement claims. The products involved are in the customer verification stage and have not yet entered mass production.

  • South Korea's Financial Commission: Shareholding Restrictions for Exchange Major Shareholders Not Targeting Specific Companies

    On October 10, Lee Ik-yeon, chairman of the Financial Services Commission of South Korea, stated that the provisions regarding shareholding restrictions for major shareholders of virtual asset exchanges in the ongoing 'Basic Law on Digital Assets' are not aimed at specific individuals or companies. Instead, they are designed to ensure that exchanges, once institutionalized, bear a higher level of public responsibility. Currently, South Korean virtual asset exchanges operate under a system that requires updates every three years, but this will transition to a licensing system after the implementation of the 'Basic Law on Digital Assets.' Lee emphasized that exchanges have infrastructure attributes and must possess public accountability and responsibility commensurate with their status.

  • SVRN Acquires Infrastructure Platform FastNEAR

    On October 10, it was officially announced that NEAR Treasury Company SVRN has acquired the NEAR infrastructure platform FastNEAR. FastNEAR will join SVRN as a wholly-owned subsidiary, with its co-founders Evgeny (Eugene) Kuzyakov and Mike Purvis also joining the SVRN team. The announcement stated that FastNEAR is a high-performance RPC infrastructure provider behind NEAR applications and supports most of the data layer for NEAR, including server clusters for handling network read and write operations, archival infrastructure for storing complete transaction histories, and NEARDATA, a data source for developers to process these historical records.

  • Entropy Acquires Xiaomi Code for 569.98 HYPE, Perpetual Contract Launch Imminent

    On October 10, HIP-3 market deployer Entropy spent 569.98 HYPE to acquire the Xiaomi code, and Entropy may soon launch its perpetual contract.

  • Trump Calls It Incredible Not to Win Nobel Peace Prize

    On October 10, Trump posted on the Truth platform stating that he had "resolved eight wars, with two more about to end or be resolved," and rescued all Israeli hostages, including the last 28 survivors and victims, as well as releasing hundreds of hostages from around the world and sending them home. He also claimed to have "won the Venezuela war, capturing the brutal dictator ruling the country," and prevented Iran, the "number one state sponsor of terrorism," from obtaining nuclear weapons. He wrote that despite doing so much, he did not receive the Nobel Peace Prize, which is "truly incredible."

  • Bernstein Analyzes AI Infrastructure Costs: Up to $39.5 Billion Investment per Gigawatt

    On October 10, Bernstein's research report revealed that the capital expenditure required to build a 1GW data center using different AI accelerator architectures ranges from approximately $34.6 billion to $39.5 billion. Among these, the construction cost of NVIDIA's Vera Rubin architecture is the highest, while OpenAI's self-developed ASIC architecture, Jalapeno, is relatively lower. Bernstein significantly revised its cost expectation for NVIDIA's Rubin NVL72 single rack from $9.1 million to $7.52 million, a reduction of about 17%, primarily reflecting adjustments in expectations for HBM prices and NAND storage capacity. The report also pointed out that the main economic burden of AI data centers is not electricity costs, but rather the substantial capital expenditures and the depreciation they generate.

  • China Securities Regulatory Commission Holds Expert Seminar on Capital Market and Financial Situation

    On October 10, Wu Qing, Secretary of the Party Committee and Chairman of the China Securities Regulatory Commission (CSRC), held a seminar in Beijing to engage in in-depth discussions with leaders of listed companies and experts from securities and fund institutions, gathering opinions and suggestions on the current capital market and financial situation. During the seminar, participants unanimously agreed that China's macroeconomic environment is steadily improving, the industrial structure transformation is deepening, and the capital market is operating robustly, with multi-level market functions being effectively utilized. Although facing some risks and challenges, the trend of high-quality development remains unchanged, and there is confidence in economic operations and the capital market. Additionally, the attending experts provided specific suggestions for better promoting the stable and healthy development of the capital market, which mainly include: continuously strengthening the mechanisms for market stability, further broadening the sources, channels, and methods for medium- and long-term funds to enter the market, and developing patient capital; encouraging listed companies with conditions to increase dividend repurchases and improve mechanisms for investor returns and rights protection; optimizing the issuance and listing system to support the development of high-quality enterprises from various types and industries; enhancing trading supervision and strengthening cross-border risk monitoring and response; and researching and reserving more incremental policy tools, among others. Wu Qing expressed that listed companies and industry institutions are important entities in the market and hopes that everyone will actively provide suggestions to jointly build a better capital market, which will better reward investors and contribute positively to the construction of Chinese-style modernization. Relevant officials from the CSRC also participated in the seminar.

  • Changxin Technology's New Breakthrough: 4F² Architecture Products Expected by Year-End

    On October 10, Changxin Memory's 4F² DRAM architecture research and development recently made significant progress. Dr. Cao Kanyu, the company's president, delivered a speech at the Fourth Integrated Chips and Chiplet Conference, providing a comprehensive overview of Changxin Memory's technological explorations and accumulations in DRAM devices, 4F² architecture, and hybrid bonding. He officially announced that a new generation of DDR5 RDIMM products, incorporating these advanced technologies, is expected to be launched by the end of the year.

  • 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.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company