Steve Yun, Chairman of the TON Foundation, and John Hyman, Chief Investment Officer of Telegram APP, delivered a keynote speech on "Cryptographic Transformation within the Telegram Ecosystem". Steve Yun stated that Web3 faces challenges such as complex user experience, lack of simple onboarding methods, no viral marketing, and no distribution channels in large-scale adoption. TON has partially addressed these issues by integrating wallets, MiniApps, easy onboarding mechanisms, and Telegram ads within Telegram.

Vice Chairman of the All-China Federation of Industry and Commerce and Chairman of the Board of Directors of Wanxiang Group, Lu Weiding, gave a speech at the opening ceremony of the Web3 Carnival in Hong Kong, stating that this year's second Web3 Carnival will continue the effect of last year. According to incomplete statistics, in addition to the main venue activities, there have been more than 150 peripheral activities. There are also new features: first, it has a more representative global presence, with more major WEB3 projects from Europe and the United States attending than last year; second, the topics of blockchain infrastructure and blockchain application protocols are almost equally discussed, and we can clearly feel the wave of blockchain applications coming. Compared with the beginning of Internet applications in 1995, the "1995 moment" of blockchain applications is coming. The next ten years will be the core moment of the explosion and value discovery of blockchain and WEB3 applications.

The "Web3 Insight Summit" conference, jointly organized by ChainCatcher, RootData, and Oak Grove Ventures, was held today at the W Hotel in Hong Kong. During the conference, Tabi CTO Ben shared Tabi's technical innovation and economic model, which is built on Cosmos, a modular game blockchain.Ben mentioned that there is a typical problem in the Web3 gaming industry of "which came first, the chicken or the egg" between users and games. In addition, the scalability, user experience, asset security, game review, and economic model of on-chain games are all issues and challenges that need to be addressed. Tabi solves these problems by providing fast and trustless computing through Omnicomputing and PolymorphismVM, transforming the blockchain's three dilemmas into a unified solution, achieving high throughput, seamless experience, and free-style development of Web2+3 without gas or vouchers. In addition, Tabi's proposed dual flywheel token economics makes the game's economic model more sustainable.The "Web3 Insight Summit" is organized by ChainCatcher and is committed to gathering the most thoughtful and innovative Web3 senior professionals worldwide, outputting more constructive thinking for the industry, presenting more industry insights, and helping Web3 move towards the mainstream.

Venture capital firm Laton Ventures has announced the launch of a new fund worth $35 million to support the AI and Web3 gaming industry and promote the application of AI and Web3 technology in gaming. It is reported that the fund mainly focuses on projects and startups in the Pre-Seed and seed round stages, and has invested in five game studios in the Turkish, European, and US markets.

Eric Vreeland, CSO of Polyhedra Network, a Web3 interoperability infrastructure, gave a speech on "Zero-knowledge, zero limits" at Oak Grove Crypto 2024 on April 5th. He mainly introduced Polyhedra's innovative technology and the potential for zero-knowledge proofs in the field of interoperability.Eric Vreeland mentioned that zero-knowledge technology greatly improves proof efficiency. The zero-knowledge proof solution Virgo++ launched by Polyhedra generates proof in 8 seconds, while generating proof on Ethereum only takes 10-15 seconds. The entire process will be very smooth, helping users control risks and avoid data leakage. Polyhedra has developed the entire data architecture and data analysis since the protocol, building a very good bridge, reducing intermediate information, and helping data to transfer with high quality, helping to establish a good blockchain ecosystem.It is reported that Oak Grove Crypto 2024 was initiated by Oak Grove Ventures and jointly hosted by Polyhedra, Alchemy Pay, Ritual, and ChainCatcher. It aims to bring together elite professionals in the Web3 field to jointly explore and look forward to the development trend of the industry in the next five years. The event is expected to attract 500 to 1000 industry elites, including innovation leaders, technical experts, and industry investors, who will have in-depth discussions on hot topics such as AI, DePIN, games, encrypted payments, and Bitcoin infrastructure.

On April 5th, according to official sources, the Web3 basic layer Mystiko.Network has sold out in the XZK community sale on CoinList, with a total of 75,000,000 XZK coins sold, worth $11.25 million. In addition, over $22.87 million was submitted for participation, with an oversubscription of 300% in the first sale, and a total of 20,260 users participated, making it the largest public sale on CoinList in recent years.

The current landscape of emerging technologies like blockchain, web3, ai-related solutions and others is paving the way for what I see as the rise of composable culture (or modular culture as one of my peers said1). While I have been hinting the concept in my writings before, an explanation of why an there should be an umbrella term, what are it’s characteristics and advantages is needed.

Farcaster’s Very Small Apps Are a Very Big Deal

GoPlus Security co-founder Mike will attend the "Web3 Insight Summit" conference and give a keynote speech. GoPlus Security aims to create Web3 security infrastructure by providing open, permissionless, and user-driven security services.The first "Web3 Insight Summit" will be held on April 5th at 13:30 at the Renaissance Hong Kong Harbour View Hotel. It is expected to attract more than 500 to 800 innovative and wealthy people from inside and outside the industry to engage in in-depth discussions on topics such as mainstream institutional entry, ZK, modularization, and the Bitcoin ecosystem.It is reported that the "Web3 Insight Summit" is hosted by ChainCatcher and is committed to gathering the most thoughtful and innovative Web3 senior professionals from around the world to provide more constructive thinking for the industry, present more industry insights, and help Web3 move towards the mainstream.

Mirror World, a leading web3 application development platform, has made a significant breakthrough in decentralized gaming ecosystems by introducing the first gaming rollup on Solana. This achievement is made possible by Mirror World's robust engine, Sonic, which enables developers to deploy game engines or virtual machines of their preference on the Solana blockchain using Mirror World's SDK. The architecture of Sonic is powered by HyperGrid, an innovative technology that empowers gaming platforms to establish their decentralized exchange (DEX) aggregators and on-ramp for Solana. Mirror World's commitment to nurturing the Web3 gaming ecosystem is highlighted by the company's offering of integrated tools for payment and settlement infrastructure and user engagement tools crucial for developing successful Web3 games.