16th Big Demo Day: AI CREATOR CHANGES WEB3 - Central Research

In an atmosphere brimming with passion and innovation, the 16th Big Demo Day event concluded successfully on August 21 at Hong Kong Cyberport. Themed "AI Creator Changes Web3," the event brought together prominent companies and experts from the Web2 and Web3 industries to explore the transformative impact of artificial intelligence (AI) on future Web3 content creation.

Opening Speech

Ms. Dylan Lee, co-founder of Central Research, attended the event and delivered a welcome speech. She introduced Central Research as a Hong Kong-based Web3 fund specializing in investment research, incubation, and organizing Big Demo Day. The fund comprises industry veterans with extensive experience in Web3, offering comprehensive post-investment services through its deep research capabilities and global marketing resources. The event also had the honor of welcoming Ms. Rachel Lee from Cyberport and Mr. Zhao Yunfei, Global Head of Strategy and Cooperation at Pika, who also delivered speeches.

Since its inception, Big Demo Day has successfully held 16 editions, attracting over 450 projects and featuring more than 250 project presentations. The event has drawn over 100 investors and investment institutions, including top-tier global investment institutions and family offices. Numerous Web3 companies have engaged in fundraising, collaborations, and other business activities during Big Demo Day, collaborating with outstanding projects and further advancing the development of the Web3 industry in Hong Kong.

Keynote Speech 1: "Four Key Trends in Digital Assets"

Dr. Yu Jianing, President of Uweb, shared four key trends in digital assets during Big Demo Day. First, global investment institutions are expected to continue allocating Bitcoin through ETFs, pushing its price to rise steadily from 2024 to 2030. Although retail investors currently dominate the virtual asset ETF market, institutional capital allocation will stabilize the market in the future. Second, Bitcoin's value is shifting from institutional allocation to national reserves, with sovereign wealth funds and central banks likely to participate directly in virtual asset reserves by around 2028. Third, Bitcoin-based payment systems are expected to become a global financial settlement layer, with stablecoins and other assets gaining popularity due to their security and independence. Fourth, Ethereum will become the preferred infrastructure for tokenizing Real World Assets (RWA) and the global financial internet, leading to new financial models like CeDeFi. These trends indicate that digital assets are gradually being accepted by mainstream financial systems and will play an increasingly significant role in the global economy.

Keynote Speech 2: "Professional Crypto Accounting Software"

Laura, CEO of Cointime and partner at Elven, shared her insights and introduced Elven — a professional accounting software designed for the cryptocurrency sector. Elven addresses accounting and compliance challenges for Web3 projects and OTC exchanges, offering a hybrid accounting system that integrates fiat and cryptocurrencies. It provides a one-stop solution for data, accounting, valuation, compliance, and reporting, with customized services and rapid response support. Elven also meets compliance reporting requirements from major regulators like MAS and SFC, and its automated bookkeeping and reconciliation features handle millions of transactions, significantly improving efficiency. With its professional software and customized services, Elven effectively addresses the complex accounting and compliance challenges of the cryptocurrency industry, ensuring financial transparency and data security.

Project Pitches

SOOO

SOOO.AI is a Web3-based AI social media strategy platform designed to help users optimize their social media operations. The platform analyzes users' social media performance through its AI assistants and operational agents, providing customized strategy recommendations. Key features of SOOO.AI include automated content publishing, fan engagement, and community management. Additionally, SOOO.AI introduces a hybrid reward system combining PoW (Proof of Work) and PoS (Proof of Stake), allowing users to earn $SOO tokens by completing tasks and engaging in interactions. The platform also features Spotlight Squad and Bounty Tasks, which promote collaboration among creators and brand promotion. The $SOO token is the foundation of the SOOO.AI ecosystem, with a total supply of 1 billion tokens to be gradually distributed over 20 years. SOOO.AI's future development plans include DAO governance, wallet integration, and an NFT marketplace, aiming to build a comprehensive AI social media management ecosystem.

Fireverse

FIREVERSE.AI integrates AI and Web3.0 technologies, dedicated to offering a one-stop solution for music creation, marketing, and monetization for music artists and marketers. The platform utilizes AI technology to generate music content, lowering the barriers to entry and enabling more people to participate in music creation. Additionally, through a gamified experience, FIREVERSE.AI has established reward mechanisms and challenges to incentivize user engagement, thereby enhancing traffic, user participation, and creating more monetization opportunities. With the help of blockchain technology, the platform ensures that users have copyright ownership of their created music and encourages ongoing participation through a token system.

FIREVERSE's development plans for 2024 include the release of a Beta version in October, with a goal to list on exchanges by March 2025. Furthermore, the platform will launch "FIREVERSE Pro," a service tailored for seasoned music artists, to meet the needs of users at different levels. As the cryptocurrency market rapidly grows, high-growth areas like Web3 music are attracting more capital and attention. With its innovative business model and AI technology, FIREVERSE.AI is poised to lead new trends in the future music industry.

The core team of FIREVERSE.AI brings extensive experience in AI, blockchain, and the music industry, ensuring a perfect blend of technical expertise and market insight. Through the innovative integration of AI and Web3.0, FIREVERSE.AI is introducing new business models and revenue opportunities to the music industry, positioning itself to play a significant role in the future music market.

Cineaste

Cineaste.io is an innovative film platform that redefines the traditional boundaries of film financing, monetization, and distribution by tokenizing film distribution rights through blockchain technology. The platform has been selected for incubation by the Singapore Management University (SMU) and the incubator ThreeDAO.

Cineaste.io addresses challenges in the film industry related to financing, distribution, and audience engagement by tokenizing film distribution rights as non-fungible tokens (NFTs). This model allows film enthusiasts to support their favorite films by purchasing Backer NFTs, enabling them to share in the revenue and gain exclusive benefits.

The platform also leverages decentralized mechanisms such as community-driven marketing and peer-to-peer engagement to promote films and enhance the interaction and connection between fans and films. Additionally, Cineaste.io plans to expand into the realm of books, music, and other digital copyright products.

In 2024, Cineaste.io's primary goals include increasing the viewership of released films, launching new completed works, and developing proof of concept (POC) for film financing projects. The platform is seeking visionary investors and ecosystem partners to accelerate its iterative growth and development model.

Through its innovative decentralized financing, monetization, and distribution model, Cineaste.io is leading the film industry into a new era, offering unprecedented opportunities and experiences for filmmakers and film enthusiasts alike.

BitDance

BitDance is dedicated to building a decentralized data infrastructure network that fully leverages private data through privacy computing to achieve personalized AI services. This network is based on blockchain and AloT (AI and IoT) technologies, ensuring trustworthy data collection and privacy security while enabling data monetization through smart contracts, incentivizing individuals to continually provide data services.

The main challenges in the data market include privacy security concerns, low-quality datasets, and stringent regulatory policies. BitDance addresses these issues through blockchain chips and privacy computing TEE (Trusted Execution Environment), ensuring the integrity and traceability of data sources, helping governments effectively regulate data security, and breaking down data silos.

In terms of business model, BitDance provides data to AI companies through a decentralized data marketplace, charging transaction fees, and ensuring data privacy and security through a token incentive mechanism. Additionally, BitDance attracts Web2 users through RWA (Real World Asset) and token incentive mechanisms, expanding market share and achieving sustainable development in data services.

Panel Discussions

Panel 1:Topic:How AI + Creator is Shaping the Innovation Track of Web3

Panel 2:Topic:How AI Will Transform the Content Industry

The roundtable discussion at this event was honored to have invited Ignious Yong from Bingo Group, Ray Yu from Fireverse, Luke Vinci from Zulu Network, and Daniel Kim from BlockPatch to explore how AI and creators are shaping Web3.

As technology rapidly advances, AI and blockchain are profoundly transforming the future of the creator economy, especially within the context of Web3. The integration of these two technologies not only enhances the efficiency of content creation and distribution but also provides users with unprecedented interactive experiences and new solutions for copyright protection.

Firstly, AI plays a crucial role in improving the effectiveness of advertising and recommendation systems. Through precise data analysis and user profiling, AI can offer highly personalized content recommendations, thereby increasing users' purchasing desire and frequency of use. Moreover, AI can respond in real-time to changes in user behavior, dynamically adjusting recommendation strategies to ensure that users always receive the most relevant content. This multi-channel integration and cross-platform promotion strategy significantly improve conversion rates.

In terms of content creation, the rise of AIGC (AI-generated content) enables creators to generate diverse entertainment content, such as music and voice, more quickly. AI not only enhances the efficiency of creation but also allows users to participate in the creation process, generating personalized content. This transformation in the creative process strengthens emotional communication and social experiences for users, making the content on social platforms richer and more engaging.

Blockchain technology, on the other hand, shows tremendous potential in content distribution and copyright protection. Its decentralized nature ensures transparency and fairness in content distribution, and smart contracts guarantee the fair distribution of benefits between creators and users. Additionally, blockchain technology ensures the immutability of content through distributed ledgers, effectively addressing copyright protection issues in the entertainment industry.

However, the rapid development of AI and blockchain technology also brings ethical and security challenges. To address these challenges, it is necessary to establish multi-party legal and regulatory mechanisms while utilizing decentralized storage and data integrity verification technologies to protect data security and enhance trust in AI systems.

In summary, the combination of AI and blockchain is reshaping the creator economy by improving the efficiency of content creation and distribution, enhancing user interaction experiences, and providing effective copyright protection mechanisms, collectively driving innovation and development in Web3. In the face of challenges brought by these technologies, reasonable legal and regulatory measures, along with strengthened technical approaches, can effectively ensure the healthy development of the technology.

Additionally, the event invited AI director Johnny Lin from Dawen Films, Ben Crox from Hetaro Labs, Dr. Yu Jianing from Uweb, and David Ching from Animoca Brands to share their views on how AI will change the content industry.

Conclusion

The successful 16th edition of Big Demo Day injected new energy into the Web3 ecosystem and provided valuable networking opportunities. The event showcased the latest technologies and innovations, underscoring the vibrant development of the Web3 sector. Looking ahead, with continued advancements in Web3 technology and its expanding applications, Hong Kong is poised to solidify its position as a global hub for virtual assets. As more companies and projects join the Web3 ecosystem, industry collaboration and innovation will continue to drive growth and diversification.