17th Big Demo Day: RWA x DePIN - Real World Meets Web3 - Central Research

The 17th Hong Kong Web3.0 event, Big Demo Day, concluded successfully at Hong Kong Cyberport on September 25.

This event featured a special session on RWA x DePIN under the theme of "Real World Meets Web3". It was organized by Central Research and sponsored by MEIOSBOOM. It also received collaborative support from institutions such as Cyberport, 852Web3, BlockBooster, Block Patch, Depin Institute, FINAL GIORY, BUDAO NEWS, etc.

Now, let's review the exciting highlights of the event!

Opening Remarks

Ms. Dylan Lee, co-founder of Central Research, attended the event and delivered a welcoming speech. She introduced that Central Research is a local Web3 fund in Hong Kong. Its main businesses include investment research, incubation, and Big Demo Day. Its members are all long-time practitioners in the Web3 industry, possessing in-depth investment research capabilities and abundant global marketing resources, providing very comprehensive post-investment services for the projects it invests in.

Since its inception, Big Demo Day has been successfully held for 17 sessions. More than 450 projects have signed up, and more than 250 project teams have conducted roadshows. Big Demo Day has attracted more than 100 investors and investment institutions, bringing together high-quality investment institutions and family offices from all over the world. Many Web3 enterprises have conducted financing, cooperation, and other business activities during Big Demo Day. They have collaborated with outstanding projects on site to jointly explore opportunities in Web3 and further promote the development of Hong Kong's Web3 industry.

Keynote Speech 1: The Concept and Vision of the DePIN Institute

We were honored to invite Mr. Phyrex_Ni Ni Sen, co-founder of the DePIN Institute and a Binance Square creator, to share the concept and vision of the DePIN Institute with fellow Web3 practitioners.

As a product of the combination of blockchain and real-world infrastructure, DePIN gradually became popular during 2021 - 2022. Projects such as Helium and Filecoin have become exemplary cases of its successful application.

The core elements of DePIN projects include decentralized resource sharing, token incentive mechanisms, and application scenarios that resonate with users. It encourages users to contribute idle physical resources and uses smart contracts to achieve fair resource allocation and rewards, thereby attracting more users to participate in the construction and maintenance of the network. Its application scenarios are very extensive, including decentralized telecommunications, cloud computing, the Internet of Things, and logistics networks.

The DePIN Institute takes the Internet of Things sub-sector as an entry point and is committed to building an ecosystem. On the one hand, it introduces users into the decentralized underlying network through smart homes, wearable devices, etc., and encourages users to participate in network construction through daily behaviors. At the same time, it blockchainizes the production and sales of smart hardware in combination with cryptocurrencies. On the other hand, it builds a data underlying network through hardware sales and user interactions to continuously expand the application ecosystem. The core is to create corresponding hardware solutions for devices that can share idle computing power.

At the technical level, the core technology stack of the institute includes blockchain, smart contracts, distributed network protocols, and hardware integration. The technical team is capable of creating an open distributed data solution for projects, which greatly improves the compatibility of hardware with different main chains and lays a solid foundation for having a wide range of ecological partners.

As a connector in the industrial chain, the DePIN Institute can provide strong support at all key stages of project development. It has a senior blockchain research and development team, a supply chain led by an internationally award-winning smart hardware team, investment institution resources, one-stop operation support, and a KOL matrix and high-quality community resources.

In addition, the institute also plans to launch DePIN MALL, which will serve as a product launcher and a position for analyzing industry trends, enabling users to measure products from a Web3 perspective. At the same time, the institute will establish strategic partnerships with projects according to their different development stages and provide targeted support in aspects such as financing, research and development, promotion, and sales to promote the success of projects, increase the value of tokens, and further promote the development of the entire ecosystem.

With its technology, resources, and strategies, the DePIN Institute is committed to building a complete DePIN ecosystem, connecting various nodes, and promoting industry development.

Keynote Speech 2: Web3 Financial Management from a Global Compliance Perspective

Laura, the CEO of Cointime and a partner of Elven, shared her insights and experiences in the keynote speech Web3 Financial Management from a Global Compliance Perspective and introduced Elven. Elven is a professional accounting software designed specifically for the cryptocurrency field. It is committed to addressing the accounting and compliance challenges of Web3 projects, OTC exchanges, etc. Its product features include integrated hybrid accounting functions for fiat currencies and cryptocurrencies, as well as a one-stop solution for data, accounting, valuation, compliance, and reporting. In addition, Elven provides customized services. A dedicated team ensures smooth implementation and provides rapid responses within 24/7. To ensure data security and privacy, Elven has passed SOC2 Type1 and Type2 and SOC1 Type2 audit certifications.

In terms of solutions, Elven helps customers meet the compliance reporting requirements of major regulatory agencies such as MAS and SFC, provides high-standard audit materials, and ensures the effective isolation of customer funds from company funds. Its automated bookkeeping and reconciliation function can handle millions of transaction data, significantly improving efficiency. The core team members of Elven have rich experience in blockchain technology and financial digitization and graduated from renowned institutions such as Tsinghua University, Peking University, and Yale University. With its professional software and customized services, Elven effectively addresses the complex accounting and compliance challenges in the cryptocurrency industry, ensuring the financial transparency and data security of customers.

Project Roadshow

Melosboom

At the Hong Kong DemoDay event, MelosBoom partnered with the DePIN Research Institute to host an in-depth sharing and demonstration session focused on Web3 and decentralized physical infrastructure networks (DePIN). During the event, they jointly explored the latest technological applications and future development trends of decentralized IoT (Internet of Things) and physical infrastructure networks, with a particular emphasis on how the MelosBoom ecosystem can drive the full realization of the Web3 data economy.

MelosBoom showcased its flagship products—AI speakers and smart wristbands—demonstrating how they enable the assetization of user data through decentralized networks. The company also introduced the DePIN Mall, the world’s first standardized DePIN value exchange platform. Meanwhile, the DePIN Research Institute provided further insights into how the DePIN ecosystem combines IoT with decentralized technology to offer a broader range of commercial applications, achieving true data circulation and value exchange.

Additionally, a major announcement was made during the event—MelosBoom revealed plans to collaborate with several leading Web3 institutions and to conduct large-scale token airdrops for early community contributors via DePIN Mall. This news undoubtedly provided a significant boost to MelosBoom's future development, attracting increased attention from investors and users alike.

Matrix Layer Protocol

As a new generation of multi-dimensional communication protocol, Matrix Layer Protocol (MLP) is leading the innovation of communication technology.

It has a multi-dimensional network structure, breaking the single-dimensional limitation of traditional networks and enabling data to be efficiently transmitted and interacted in more complex paths, providing more possibilities for the flow of information. The hierarchical structure makes the protocol well-structured. Each layer has its own responsibilities, enhancing the overall organization and manageability. Flexibility and scalability ensure that MLP can adapt to different application scenarios. Whether facing the expansion of future network scale or the integration of various emerging technologies, it can handle it with ease.

In terms of application scenarios, MLP shows its advantages. It can achieve efficient data transmission, ensure the speed and stability of communication, and meet people's demand for instant information. For decentralized network applications, MLP provides strong support and promotes the network environment to develop in a more democratic and user-controlled direction. At the same time, it closely integrates with the metaverse and Web3 technologies, providing a technical foundation for the immersive experience and seamless interaction of the virtual world.

MLPhone, as the best application example of MLP technology, shows users the powerful functions of this protocol, giving users the opportunity to experience its convenience and innovation firsthand. Looking to the future, MLP is full of opportunities. It has the potential for quantum communication compatibility. Once realized, it will trigger a huge revolution in communication technology. Integration with artificial intelligence is also planned, which will make data processing and interaction more intelligent. In addition, cooperation with MelosBoom also injects new vitality into its development and is expected to bring more resources and technical exchanges.

With its unique advantages, Matrix Layer Protocol is opening a new era in the field of communication and opening a new door for us to enter the Web3 era.

CoralApp MediaKit

As a project incubated and invested by Binance Labs, CoralApp shows great potential in the Web3 mobile field.

From the market environment perspective, the DePIN market is developing rapidly. In February 2024, its market capitalization exceeded 25 billion US dollars. It is expected to reach 3.5 trillion US dollars by 2028, with considerable growth space. At the same time, the number of mobile Internet users is huge and continues to grow, providing a broad market foundation for CoralApp.

CoralApp has many advantages. It builds the first mobile ecosystem in a multi-chain ecosystem and provides comprehensive services such as multi-chain cryptocurrency management. Compared with other mobile phones, it is superior in terms of technical support, ecosystem support, and multi-chain support. Its economic model is reasonably designed and covers token allocation for various investors and uses. The team members are experienced and cover multiple fields. The supply chain is mature and distributed in multiple countries.

In terms of cooperation and development, CoralApp cooperates with 12 investment institutions and has a wide range of ecological alliances. It has launched a 5 million US dollar airdrop plan, benefiting mobile phone users, ecological partners, and marketing partners. Its traffic matrix plan sets participation thresholds. Participants can obtain various benefits including Coral tokens, project exposure, and cooperation with incubators.

In summary, with market opportunities and its own advantages, through extensive cooperation and incentive measures, CoralApp is expected to stand out in the Web3 mobile market, become an industry leader, and bring a new Web3 mobile experience to users.

MetalineX

As a modular computing layer combined with Depin, MetaLine X is committed to exploring new possibilities for full-chain games. Its core components include Zk Omni, X Platform, and X - Games. As the core, Zk Omni is a next-generation modular blockchain solution. The modular game program network (GPN) formed is based on the enhanced zk-SNARK chip and supports many mainstream chains. It has core pillars such as a modular game process network and an enhanced zk-SNARK chip. It also provides a series of tools and services for developers. X Platform is a comprehensive platform that provides various services such as project launch. X - Games focuses on the game cluster ecosystem and plans to incubate more than 30 mainstream games.

In terms of technology, Zk Omni shows strong advantages. Based on interoperability and compatibility, it seamlessly integrates with the existing blockchain ecosystem. Its Rollup function aims to build a multi-chain compatible cross-chain expansion and asset circulation protocol layer, providing possibilities for cross-chain asset circulation.

In terms of the economic model, MTT as an ecological governance token is crucial. It has a reasonable allocation and vesting mechanism. It is not only used to incentivize early participation of participants but also plays a key role in project governance, such as voting to upgrade the system.

From the perspective of development plans, MetaLine X has made a series of progress. During 2022 - 2024, it completed multiple rounds of financing and testing, launched multiple games, and joined multiple ecosystems. In the future, from 2025 and beyond, the goal is to achieve 5 million users, fully upgrade to MetaLine Origin, and further expand the ecosystem. At the same time, it also plans to form strategic partnerships, conduct IDOs, and be listed on multiple exchanges, including at least one top exchange.

With its unique architecture and clear development plans, MetaLine X is steadily moving forward towards building a comprehensive and perfect full-chain game ecosystem.

Panel 1 Topic: Exploring New Digital Pathways for RWA

We were honored to invite Carter, HK head of IOST, Florian Jersch, CMO of Melos BOOM, Linda Chan, Managing Partner of Yolo Capital, and Norah, Co-funder of Zeeprlabs to participate in this roundtable discussion. In the roundtable discussion on exploring new digital pathways for RWA, the guests shared their wonderful viewpoints.

Regarding how blockchain technology can empower the global circulation of RWA assets and solve liquidity problems, the guests pointed out that the distributed ledger characteristics of blockchain can ensure real-time updates and immutability of asset information, thereby increasing the trust of global investors in RWA assets and promoting their circulation. At the same time, through smart contracts, rapid trading and settlement of assets can be achieved, improving the liquidity of assets and solving the pain points in the traditional asset market. In terms of future application scenarios and innovation directions of RWA and NFT learning, the guests believe that RWA has broad application prospects in fields such as real estate and supply chain finance. In the future, it may develop in the direction of more refined asset on-chain and cross-domain integration. NFT can learn from RWA's experience in asset authenticity verification and value assessment to achieve its own innovation.

Regarding the risk management and control of RWA platforms, the guests emphasized the need to establish a strict asset review mechanism to ensure the authenticity and legality of on-chain assets. At the same time, use the traceability of blockchain to monitor the circulation process of assets and detect and handle risks in a timely manner. Measures such as introducing insurance mechanisms can also be taken to reduce risks and enhance investor confidence.

Regarding the challenges and solutions in the integration of traditional finance and blockchain technology, the guests mentioned that the biggest challenge is regulatory compliance and the unification of technical standards. It is necessary to strengthen communication and cooperation between regulatory agencies and the industry and formulate unified technical standards and specifications to promote the healthy development of the industry.

Panel 2 Topic: Decoding the DePIN Landscape

In the roundtable discussion on decoding the DePIN landscape, it is a great honor to invite Ni Sen (Phyrex_Ni), co-founder of the DePIN Institute and a Binance Square creator, Denton Yan Chen, Co-founder and Project Lead of Moon Ring, Joey Luo, Investment Manager of Summer Ventures, and Tony, Ambassador of CESS. They share their insights and feelings with everyone.

Regarding the role and importance of DePIN, the guests believe that DePIN is an important part of the crypto market. It combines physical assets in the real world with blockchain technology, bringing new business models and development opportunities to traditional industries. Currently, the guests are concerned about the technical feasibility, market demand, and sustainable development capabilities of DePIN projects. In terms of industries and application scenarios suitable for combining DePIN innovation, the guests mentioned that industries such as the Internet of Things, energy, and logistics have great potential. At present, DePIN already has relatively concentrated landing scenarios in some distributed storage and computing projects.

Regarding the incentive mechanism in the DePIN ecosystem, the guests pointed out that a reasonable incentive mechanism can attract node participants and users to actively participate in projects. For example, node providers are incentivized to provide computing resources or storage services through token rewards. For a DePIN project to achieve rapid growth, it needs a clear business model, a high-quality technical team, and an effective marketing strategy.

For the future development of the DePIN track, the guests look forward to its further expansion of application scenarios and realization of more extensive industry integration. Possible important visions include building a more efficient distributed network, promoting the digital transformation of traditional industries, and facilitating the optimal allocation of global resources.

Summary and Outlook

The 17th Big Demo Day, with the theme of "Real World Meets Web3", launched a rich variety of activities centered around RWA x DePIN. From the opening remarks to keynote speeches, then to project roadshows and roundtable sharing, every link is full of highlights. The keynote speeches allowed us to deeply understand the concept of the DePIN Institute and the innovation of Elven software in Web3 financial management. The project roadshows demonstrated the unique charm and development potential of projects such as MelosBoom.

In the roundtable sharing session, regarding the key issues of RWA and DePIN, the guests expressed their opinions. Looking to the future, RWA has broad prospects in asset on-chain and cross-domain integration and is expected to further solve many problems in the traditional asset market. DePIN will also continuously expand application scenarios, strengthen integration with industries such as the Internet of Things, energy, and logistics, and gradually realize important visions such as building an efficient distributed network, promoting the digital transformation of traditional industries, and facilitating the optimal allocation of global resources. At the same time, it is hoped that more projects can continue to make progress in aspects such as technological innovation, business model optimization, and marketing promotion, thereby promoting the steady progress of the Web3 industry, promoting the deep integration of traditional finance and blockchain technology, and realizing the compliant and healthy development of the entire industry.