TxFailed

Web3 Gaming Gala: The Industry Feast on the Eve of Token2049 in Dubai
On April 17, 2024, on the eve of the Token2049 conference in Dubai, a grand party focusing on Web3 gaming was held at the 3BK of the Armani Hotel in the iconic Burj Khalifa. Despite the extreme weather in Dubai recently, it did not dampen the enthusiasm of the attendees. Against the backdrop of Dubai's dazzling night scenery, experts and scholars from leading institutions in the Web3 industry and leaders from the gaming industry gathered to discuss the infinite innovative potential of Web3 gaming and to point the way for the future development of the industry.
During the event, several industry veterans delivered exciting speeches, significant partnership announcements, and hosted three in-depth roundtable discussions. The topics covered hot issues such as Web3 gaming technology, development strategies in the gaming sector, and exploration of industry trends.
Highlights of the speech
The event kicked off with a stunning performance.

The article discusses the judicial disposal of virtual money in criminal cases in our country, pointing out challenges in evidence collection, value assessment, and other aspects. The author proposes innovative suggestions for monetization through third-party institutions at compliant exchanges abroad, but faces legal and practical obstacles. Overall, the disposal of virtual money is still similar to traditional property, and moderate policy adjustments may simplify the disposal process.

The article discusses the security of Ethereum L2 networks in three stages, with the main evaluation criterion being the #BattleTested label. The three stages are: complete control by the security committee, requiring 75% support, and intervention only in case of errors. The improvement of security is related to the level of trust in the proof system. It is recommended to assess the security of L2 networks through auditing of the proof system and maturity indicators.

N3TWORK Studios is about to launch the blockchain game Legendary: Heroes Unchained, having completed a $46 million funding round. The game combines NFTs with a free-to-play model. The team is experienced and has adopted a dual Token economic model, focusing on ecological balance, which has attracted many players to pre-register and is worth following.

The Oracle Machine network enhances system reliability through a distributed design that aggregates multiple independent price sources. It simplifies user operations using the Feed Registry and forms the final price through hierarchical data aggregation, ensuring security and convenience. The price update frequency is low, making it suitable for scenarios with less stringent real-time requirements.

The birth of Bitcoin is the result of the accumulation of technology and ideas from the cypherpunk movement, combining core technologies such as Public Key identification and Byzantine fault tolerance, marking the beginning of Decentralized Finance. Its innovation solves problems like Double Spending and promotes the formation of new economic models. Despite facing challenges such as regulation and energy, its impact remains profound.

The number of Ethereum validators has exceeded 1 million, but it has brought about the risk of staking centralization. Most validators come from centralized platforms, which may lead to the concentration of network dominance. To address this challenge, Ethereum has proposed the "anti-correlated incentive" scheme and "Rainbow staking," aimed at enhancing decentralization and encouraging small stakers to participate, thereby dropping the influence of large institutions.

Revisiting the analogy between Bitcoin and gold
Bitcoin is often referred to as "digital gold," a notion that has become deeply ingrained. However, with the ongoing development of the cryptocurrency market, should we reconsider the accuracy of this label? Is this metaphor too conservative, failing to fully reflect the potential and characteristics of Bitcoin?
Bitcoin and gold do indeed have some similarities. Both possess scarcity, with a limited total supply, and the difficulty of mining increases over time. They are both seen as stores of value, especially favored during times of economic uncertainty. Additionally, both Bitcoin and gold are not directly controlled by any central authority, a characteristic that makes them tools for hedging against inflation and political risks.
However, equating Bitcoin simply with a digital version of gold may underestimate its potential. Bitcoin has unique advantages that gold does not possess:
1. Programmability: The Bitcoin network supports smart contracts, a feature that expands its range of applications.

The Stanford Blockchain Week showcased the development trends of zk-SNARKs, modular technology, and the Bitcoin ecosystem. Experts discussed the applications and theoretical advancements of ZKP, modularity promoted the composability of technology, and innovative projects in the Bitcoin ecosystem also attracted attention, reflecting the diversity and vitality of the blockchain field.

The Browser Revolution in the AI Era: From Search to Intelligent Agents
The third browser war is quietly unfolding. From Netscape and Microsoft's IE in the 1990s to the open-source spirit of Firefox and Google's Chrome, the browser competition has always been a concentrated reflection of platform control and the transformation of technological paradigms. Chrome has seized the dominant position with its rapid updates and ecosystem synergy, while Google has formed a closed loop of information access through its "dual oligopoly" structure of search and browser.
However, this pattern is being shaken. The rise of large language models (LLM) has led to more and more users completing tasks on the search results page with "zero clicks," resulting in a decrease in traditional web page click behavior. At the same time, rumors about a certain tech giant possibly replacing the default search engine in its browser further threaten Google's parent company.

The F1 Red Bull Racing Team has partnered with a digital asset trading platform to launch the "IN THE MOMENT" digital collectibles series, commemorating the exciting moments of 24 race weekends. Users can mint the basic edition collectibles for free or purchase the rare edition. This series aims to connect F1 fans and digital asset enthusiasts, providing an immersive experience.

Encryption derivation market semi-annual review: structural differentiation is obvious, altcoin investment sentiment is cautious.
In the first half of 2025, the global macro environment remains turbulent. The Federal Reserve has paused interest rate cuts multiple times, reflecting that its monetary policy has entered a wait-and-see phase, while the Trump administration's increase in tariffs and escalating geopolitical conflicts further tear apart the global risk appetite structure. Meanwhile, the cryptocurrency derivation market continues the strong momentum from the end of 2024, with the overall scale reaching a new high. After BTC broke through the historical high of $111,000 at the beginning of the year and entered a consolidation phase, the global BTC derivation open interest has significantly increased, with the total open interest from January to June jumping from about $60 billion to over $70 billion at its peak. By June, although the BTC price remained relatively stable around $100,000, the derivation market experienced multiple rounds of long and short liquidations, with leverage risks being released and the market structure being relatively healthy.
Looking forward to the third and fourth quarters

Thoughts on Pump.fun's $4 billion valuation
Recently, a MEME launch platform plans to raise $1 billion with a valuation of $4 billion, which has sparked widespread discussion in the industry. As a platform focused on the issuance of MEME coins, its valuation exceeds that of most DeFi blue-chip projects, raising questions about its reasonableness. Here are a few points of view on this phenomenon:
1. Irrational bubble in market valuation
Data shows that the platform is indeed one of the biggest winners of the recent MEME craze, with monthly revenues peaking at tens of millions of dollars. This wealth creation effect is rare even in the traditional internet industry.
However, the platform's business model mainly relies on the market's short-term irrational enthusiasm for MEME coins. Essentially, it monetizes traffic by leveraging users' "gambling nature." This means that its profitability is likely just a flash in the pan and hard to sustain.

The crypto assets industry is undergoing transformation, with social applications gradually rising, zk-SNARKs technology driving modular development, and the Bitcoin ecosystem gaining attention once again before the Halving. These trends will shape the future direction of the industry.

The success of HyperliquidX in the Perptual Futures market is attributed to its innovative Vault mechanism, which addresses the issue of insufficient Liquidity, and wins user support through bottom-up strategies, generous Airdrops, and transparent operations. This platform is not only an exchange but also an important component of the Decentralized Finance ecosystem, paving new directions for industry development.

The current crypto market is facing issues such as insufficient Liquidity, weakening Money Effect, and high valuations with low circulation. This has led to severe market stratification, increasing the participation threshold for ordinary investors. It is urgent to address these difficulties to welcome a bull run again.

The crypto market and the global economy: a gamble on the edge of a cliff
In the current era where encryption and artificial intelligence intersect, the truly important stories often lie hidden beyond the noise. Recently, the global economy has faced many challenges, while the crypto market has shown an unusual resilience.
The global economy is facing downward pressure.
The International Monetary Fund (IMF) has significantly lowered its global economic growth forecast for 2025 from 3.3% at the beginning of the year to 2.8%, marking the lowest level since the pandemic in 2020. This adjustment is mainly due to two core pressures: the continued escalation of U.S. tariffs on China, and the risk of disruption in global trade chains. Data shows that U.S. container orders from China plummeted by over 60% in just three weeks.
At the same time, the U.S. economic policy uncertainty index has risen to a 40-year high, and gold futures prices have surpassed $3,500 per ounce for the first time. However, Bitcoin has risen against the trend by 10%, reaching 94,000.

On April 8, 2024, Hong Kong held the Web3 Gaming Summit, where industry leaders, developers, and investors gathered to discuss the development of Web3 games. The summit delved into the analysis of technological innovations and business models through speeches and discussions, emphasizing Asia's leading position in this field, showcasing the potential of Blockchain technology, and highlighting the importance of building a supportive ecosystem to drive industry innovation and development.

Bitcoin and Ethereum: Who Will Ultimately Sit on the Iron Throne of the Encryption World?
In the world of encryption currency, Bitcoin and Ethereum are undoubtedly the two giants. They each follow different development paths, yet both are vying for the highest position in the crypto world. Bitcoin is gradually becoming the most valuable storage asset of the digital age, being the most primitive digital asset with an irreplaceable consensus position. On the other hand, Ethereum is committed to building a rich digital asset ecosystem, promoting the crypto field towards large-scale applications through the development of decentralized finance, non-fungible tokens, games, and other application scenarios.
So, who can occupy a higher market value in the future? There are two main key factors in this competition.
Who can reach the critical point faster?
Bitcoin is approaching its critical point. It is expected that in the next three to five years, with the expansion of the user base, Bitcoin may experience a mutation and enter a phase of rapid growth. Currently, Bitcoin is at

The annual column rankings for 2023 have been released, including five major lists: influence, team, individual, diligence, and hot articles, summarizing the most popular columns and articles, showcasing the contributions of outstanding authors and teams. We hope to see more excellent creators in 2024.