Sun Yuchen "implements" Hong Kong strategy: appears at Hong Kong Web3 event with new book
2023.04.14
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Sun Yuchen "implements" Hong Kong strategy: appears at Hong Kong Web3 event with new book
At the Hong Kong Web3 Carnival Conference, Sun Yuchen stated that many cryptocurrency projects are conducting roadshows at this summit. While the process will naturally eliminate weaker projects and some will fail, he remains confident in the development of blockchain initiatives by Chinese entrepreneurs.
2023.04.14 - 09:53:41
孙宇晨
Navigating Web3 tides with focused insightsAt the Hong Kong Web3 Carnival Conference, Sun Yuchen stated that many cryptocurrency projects are conducting roadshows at this summit. While the process will naturally eliminate weaker projects and some will fail, he remains confident in the development of blockchain initiatives by Chinese entrepreneurs.
On April 14, the event titled "2023: Where Are the Opportunities in the Metaverse?", sponsored by TRON, was officially held at the Hong Kong Convention and Exhibition Center. Justin Sun, founder of TRON and global advisory board member of Huobi, attended the event and delivered a speech, expressing that although many crypto projects presenting roadshows at this summit may not survive the rigorous selection process, he remains confident in the development of blockchain technology within the Chinese community.
TRON set up a dedicated booth at the venue, offering a series of TRON-branded merchandise for attendees to collect. Among them, Justin Sun's new book, "Blockchain and the Digital New World," made its first public appearance and received widespread attention.
"Blockchain and the Digital New World" is Justin Sun’s first industry publication, systematically sharing his observations and insights on the blockchain industry. Published in January 2023 by Contemporary World Press—renowned in the industry and managed by the International Department of the Central Committee of the Communist Party of China—the book has quickly gained recognition.
To demonstrate his commitment to this Hong Kong Web3 event, Justin Sun arrived in Hong Kong on April 11. On the evening of his arrival, he attended the iPollo Metaverse Goddess Festival, where he was warmly welcomed by community members. He expressed being deeply moved to witness such a grand event in Hong Kong, but stated his ultimate goal is to one day host similar cryptocurrency events in Beijing and Shanghai. He added that as teams from the Chinese Web3 ecosystem, TRON and Huobi will together witness the rise of Eastern crypto power.
After Justin Sun’s arrival in Hong Kong, discussions surged across the community. Numerous industry leaders and KOLs live-streamed their interactions with him, creating an electric atmosphere likened to the “Crypto Spring Festival Gala.”
Notably, as a member of Huobi’s Global Advisory Board, Justin Sun also attended the Huobi Night event on the evening of April 14, where he announced several exciting updates and shared dinner with a select group of users, aiming to spark innovative ideas and co-create a new era for Eastern blockchain development.
As one of China's earliest blockchain evangelists and practitioners, Justin Sun has long maintained a strong connection with Hong Kong. In February this year, he spent a full week visiting Hong Kong, meeting with prominent political and business figures including Tan Yau-tsz. In a recent exclusive interview with Ta Kung Wen Wei Media, Justin reiterated his strong optimism about Hong Kong’s crypto and Web3 prospects, stating that TRON will leverage its robust technological capabilities to support Hong Kong’s industry growth.
In fact, under Justin Sun’s leadership, TRON has undergone remarkable transformation, establishing itself as one of the world’s top three public blockchains and achieving strategic positioning in key sectors such as the metaverse, DeFi, and stablecoins, drawing significant attention. Even David Chan, the inaugural chairman of the newly established Hong Kong Web3.0 Association, shares a notable history with TRON.
Public records show that CoinPurse Technology Co., Ltd.—where David Chan serves as chairman—launched a hybrid stablecoin product called "CoinPurse" on the TRON blockchain in 2021, pegged to multiple major Asian currencies. Analysts suggest that with David Chan now leading the Hong Kong Web3 Association, there could be renewed collaboration between the Hong Kong government and the Chinese crypto community. Within this context, TRON’s infrastructure and stablecoin expertise are poised to play an increasingly vital role.
At the "2023: Where Are the Opportunities in the Metaverse?" forum, David Uhryniak, Head of Ecosystem Expansion at TRON, stated that TRON’s primary focus in 2023 remains stablecoins, with a goal to increase the total market capitalization of TRON-based stablecoins from $40 billion to $100 billion. He emphasized that as one of the most critical infrastructures in the crypto industry, TRON aims to become the transaction settlement layer for the next-generation internet.
Sponsored by TRON, "2023: Where Are the Opportunities in the Metaverse?" served as an official sub-forum of the 2023 Hong Kong Web3 Festival, covering topics including Web3, GameFi, and NFTs, and gathering dozens of seasoned industry experts for discussion.
The 2023 Hong Kong Web3 Festival is one of the largest virtual asset events in Hong Kong’s history, jointly organized by Wanxiang Blockchain Labs and HashKey Group, and took place from April 12 to 15 at the Hong Kong Convention and Exhibition Center. This international Web3 event brought together renowned figures including Christopher Hui, Financial Secretary of the Hong Kong Special Administrative Region; Justin Sun, founder of TRON; and Hong Fang, President of OKX, along with over 100 leading Web3 projects, communities, and media outlets exhibiting on-site.
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