Happy Hour 324：Unlocking its Potential of Web3 and Social Media

On Friday, March 24, we hosted the first edition of our Happy Hour series, titled "Web3 and Social Media: Unlocking its Potential." Gathering industry experts and enthusiasts at this event, we aimed to facilitate discussions and share insights on the innovative and transformative potential of Web3 in the realm of social media.

This activity was held by Central Research, a local research firm based in Hong Kong, and we have always been committed to providing high-quality research and investment services to project owners around the world. This Happy Hour event aims to provide an opportunity for our guests and attendees to network, learn and share their opinions on hot topics in web3, and provide a platform for project owners to showcase themselves.

We invited the following guests:

Chris LEE, Co-Founder and Partner of TKX Capital;

Wesley Chui, Investment Associate of Aspen Digital;

Vishwas Thakkar, the CEO of Link Al;

Ivy Choi, CMO of Capverse;

Thomas Chow, Co-Founder of Prestare; 

Livia Yau, Co-Founding of Evangelist;

Vina (香港小丸子), Red Book Financial Blogger; 

萌丫丫萌萌哒, Red Book Skincare Blogger; 

The participants addressed three main questions:

1. What is the impact of social media in real life, and do you use any web3-related social media?

2. Are people in the web3 industry optimistic about social media as a division and its future development?

3. Can web3 technologies change the properties of existing social media?

The speakers emphasized the potential of web3 technology to revolutionize the gaming and social media industries. For instance, web3 can enable users to have actual ownership of the assets they acquire in games, as opposed to the traditional model where everything belongs to the game developer.

In the realm of social media, web3 can decentralize data storage and distribution, ensuring that the benefits of data usage are shared among users rather than being monopolized by a single company. This shift would empower users to control their data and leverage blockchain's transparency to track how their information is used.

Decentralized Autonomous Organizations (DAOs) were also highlighted as crucial in fostering community-driven social media platforms. The integration of blockchain technologies, such as smart contracts, would automate data management and ensure compliance with data protection standards.

They also discussed the role of community in web3 projects and the potential impact of web3 on the pricing of different projects. They expressed optimism about the future of web3, particularly its ability to disrupt traditional social media platforms, not only in the Western world but also in China.

During the second phase of Happy Hour, the project representatives introduced their project to all of us:

Vishwas Thakkar, the CEO of Link Al:

Link AI is a cutting-edge technology company that specializes in the convergence of AI and Web 3, offering innovative solutions for various applications.

Product 1: SO - Social Media Management AI Assistant

SO is a comprehensive social media AI assistant designed to streamline and optimize social media management. This powerful tool integrates intelligent content creation, content distribution, content engagement, and data analysis to help users effectively manage their online presence.

Product 2: AI Oracles - Global Oracles Network Services

AI Oracles is a network of global node operators that collaborate to train Link AI models and provide distributed storage and Oracle services. This decentralized approach ensures reliable and secure access to essential data and resources for AI-driven applications in the Web 3 ecosystem.

Ivy Choi, the CMO of Capverse:

Capverse is a strategic battle game set in an interstellar civilization where players use their unique NFT characters (Sumer) to engage in battles and complete specific tasks to earn rewards. The game also incorporates elements of character development, allowing players to upgrade their Sumers to enhance their abilities and value. Players can utilize their Sumers within the game system to summon and create new Sumers, with the chance of obtaining rare and more valuable characters.

Livia Yau, Co-Founding of Evangelist:

Updoot is a groundbreaking FinTech platform dedicated to revolutionizing the entertainment industry through Web 3.0 technology.

Utilizing decentralized autonomous organization (DAO) technology, Updoot empowers users to actively participate in entertainment proposals, crowdfund projects, and invest in the entertainment industry.   As a web3 DAO-based platform, Updoot seamlessly connects fans, artists, producers, and investors in one comprehensive ecosystem, and the primary goal is to address and resolve challenges faced by various entities in the production process, fostering a more collaborative and accessible environment.

Thomas Chow, Co-Founder of Prestare:

Prestare Finance (Prestare) is a lending protocol that offers a lower collateral ratio and can even support under-collateralized loans with almost any assets, without using off-chain information.

Under-collateralized borrowing is achieved by allowing the borrower to use a portion of the previously accumulated interests as collateral to borrow more funds next time. A portion of interest paid by borrowers will be reserved in the ‘Credit Reserve Pool’. 1 CRT is minted with $1 in the pool, then distributed to borrowers who contributed to the pool. CRT can be used for collateral in the next borrowing, making the loan under-collateralized.

SoulBound Token containing credit scores for all users need to be minted if users want to borrow on Prestare. Users with higher credit scores can have a loan with a lower collateral ratio. An address's initial credit score will be capped and determined based on the address's prior interactions with other protocols and addresses when it first interacts with Prestare.

Big Demo Day II Investment Matchmaking Meeting Registration Starting

Big Demo Day is a big offline roadshow event in Hong Kong initiated by Central Research and co-organized by Web3Hub. The event is aimed at high-quality entrepreneurs and projects in the Web3 field and provides full VC services for high-quality projects.

On March 4^th, the first phase of Big Demo Day roadshow was successfully attended by 100 VC institutions, and registered 10 project parties from the global Web3 programs, achieved huge advertising and market effects.

Activity Review: https://www.centralresearch.io/insights/1

To better serve the Web3 career development, we’re going to hold again Big Demo Day II investment matchmaking meeting on April 16^th in Cyberport, Hong Kong. At that time,24 investors' representatives and 24 high-quality project parties’ representatives will be invited to conduct on-site hand in hand docking. Looking forward for your visit!

Big Demo Day II investment matchmaking meeting will use a combination of on-line and off-offline, by inviting well-known KOL ,major media and broadcasting platforms for live show. The event is expected to receive millions exposure, reaching investors, entrepreneurs, industry experts and a wide range of people interested in the Web3 realm.

100+ Investors and investments institutions on-site communication;

100+ Global media follow-up reports and an exclusive interview;

Participate in the Big Demo Day investors exclusive dinner pool party.

Time: on April,16^th , 10:00 to 18:00(Conference ), 18:30 to 20:30 (Pool Party),

Address: Cyberport, Hong Kong

Host: Central Research

Co-organization: Web3 Hub

The registration channel for project parties is now open till 6^th,April, and high quality project parties form all over the world are welcome to sign up!  https://forms.gle/UaCXkH7gDUnstNGP8

Guest registration channel for VC,Media,Exchange,etc. is now open till 14^th,April.

https://forms.gle/UYRzyrUFoJvXCso99

Special Benefits: Free roadshow is only available for selected quality projects parties. Each roadshow project has 2 pool Party places.

This event is open for sponsorship, please contact Alma (Wechat: ALMA-alma-7777) for details.