BitMart, a premier global digital asset trading platform, recently celebrated its third anniversary by hosting a series of crypto promotion events. This week, Sheldon Xia, the CEO and founder of BitMart, joined a webinar, Tong and her friends, organized by Chinese top crypto influencer Yang Tong, who is also the partner of Jinse.com and CEO of CapitalN. Frontline entrepreneurs and experts from diverse backgrounds shared their opinions on the crypto world. Sheldon also delivered his insights on the blockchain industry, cryptocurrency market, and perspective on the future of BitMart development.
"From blockchain 1.0 to blockchain 2.0, from bitcoin to the rise of Ethereum, StableCoins, and ICO, we've witnessed ground-breaking innovations almost every year," Sheldon said, "In our exchange, the volume of transaction fees has already reached $650 billion in total." Within only three years, BitMart's footprint has expanded to 138 countries, with daily active users over 117,000, a daily trading volume of more than $3 billion, and a daily spot trading volume exceeding $2 billion.
The blockchain Investment in 2021
When asked about thoughts on blockchain investment in 2021, Sheldon emphasized that Polkadot, Layer 2, NFT, DeFi, and IPFS are worthy of attention. BitMart's investment philosophy is to insist on the core value, infrastructure and application of blockchain technology.
Blake Gao, the LD Capital partner, commented that in 2020 and 2021, LD Capital has been focusing on the technology stack like DeFi, infrastructure, upper-layer protocol, Dapp, financial solutions, and GameFi. LD Capital received a good return from excellent projects in 2020 and decided to set up a fund of more than 10 million US dollars in 2021. In terms of investment logic, LD Capital always pays close attention to the team’s background as a method to profoundly understand the project’s internal logic.
Czhang Lin, Founder of CDI, emphasized the importance of privacy and being aware of the risks when investing, to which Hugh, Founder of YBB, also agreed. Hugh said as there are more and more players coming into the blockchain industry, he would only consider investing in a company that he understands.
What does DeFi Mean to the Future?
The second round of discussion was focused on DeFi and participants shared their views on what DeFi meant for the future. Ha Tu, partner of Maker DAO, believed that we would see more projects in which CeFi and DeFi were mixed and integrated in the future. "The emergence of DeFi has changed the future of financial services," commented Iris Ni, Asia business & strategy at the GRAP.
Ran Yi, COO of Woo Trade, and Wilson Wu, head of China at Avalanche, discussed if traditional financial institutions would join DeFi projects. "We've seen some traditional institutions join the DeFi revolution already, and they value security over anything else," said Yi. "It may take some time for the traditional market to understand DeFi. We should be confident about their progress while giving them more time," added Wu.
Innovation in the Polkadot World
As Polkadot is emerging in the cryptocurrency industry, it is critical to understand the innovation possibilities it could bring in the future. Evelyn Ke, lead of Polkastarter Chinese marketing, said they knew several projects built on Polkadot were developing fast and believed that once those projects officially went public, the Polkadot ecosystem would become even more mature.
Bowen S, Growth Lead at Near, said that Polkadot has numerous innovative functions. Youan Zhang, Crust Network brand lead, holds a similar opinion — he believes that if the Polkadot ecosystem maintains these advantages when it is officially announced to go online, there would be more compelling advantages and potentials.
Georg Runge, head of marketing at Fractal, also introduced their Polkadot project. "We will release the main test network this summer, and we will change the advertising industry." According to Runge, Polkadot is an open and fair agreement for all people who want to use the network. Its mission is to help protect users' privacy on the internet, and generate profits for content-creators.
The Secret behind NFT's Boom
Given the recent digital collection's boom, everyone eyes on NFT's future and potential but few of them understand why it will be so popular. Diego Di Tommaso, COO of OVR, pointed out that even the creators of NFT were not expecting what happened recently.
Nila, Co-Founder and incubator of NFT-Hero and S.Capital, said, "We think NFT's value is similar to that of a brand, and its value is based on scarcity. For some artworks, trading them in their NFT forms is more liquid than traditional trading methods."
Harry Liu, CEO of Bondly, further emphasized NFT's potential in different industries, especially in music and art industries. Sebastien Borget, the co-founder and COO of Sandbox, though right now, the game industry might be one of the most beneficial categories as it has had a market for one or two decades. When users want to trade their virtual goods and collectibles, NFT provides this possibility.
Annie, Asia-Pacific growth lead at Flow, said, in the past year, more and more people realize that we are speeding up into a virtual world from the physical world. We must be prepared for this. Three years ago, BitMart started its journey to become the gateway for everyone who wants to join the crypto market. In the next three years, BitMart will further exceed everyone's expectations and imagination and unlock its unlimited potential in the virtual world.
BitMart Exchange is a premier global digital assets trading platform with over 2 million users worldwide and ranked among the top crypto exchanges on CoinMarketCap. BitMart currently offers 365+ trading pairs with one of the lowest trading fees in the market. To learn more about BitMart, visit their website, follow their Twitter, or join their Telegram for more updated news and promotions. Download BitMart App to trade anytime, anywhere.