imToken, a decentralized wallet, recently hosted an event in Singapore titled “World Equal Access to Your Tokens”. More than 30 industry leaders attended the event. Fosun Group co-founder Xinjun Liang, Business China chairman Peiling Tin, Bitmain co-founder Jihan Wu and FOMO Pay co-founder Zack Yang presented their views on Web 3.0 and the tokenized world in the panel discussion.
In his “Tokenized Globe” keynote, imToken founder Ben shared his views on how blockchain will reform the future world. “Token is the most important innovation approved by blockchain technology. Things like ERC-20 Token, ERC721 NFT and DPT issued by the Singapore government are actually all Tokens. The token itself is a new evolution of digital media, from text, images, audio and video to the process of digitizing the physical world,” said Ben.
“Token is a great way to connect the digital and physical worlds,” Ben further explained. Tokens not only represent value in the digital world, but map the physical world to the digital world, a process known as “Tokenization”. Going one step further, Token can connect the digital and physical worlds, “This is the Tokenized World we envision based on Token.”
“The wallet is known as the ‘home of the Token’ and has played a critical role in helping users gain access to the tokenized world. imToken aims to make the wallet an entryway to attract mass market consumers. “We hope to contribute to the blockchain transformation together with more blockchain ecosystem partners. “We are advancing blockchain technology development and enabling more consumers to access the tokenized world equally and freely.”
The guests at the panel discussion shared their perspectives on the “Tokenized World” from different fields. Ben’s perspective was focused on the advancement of technology. “Returning to the original purpose and purpose of technology, tokenization is to serve people and bring them happiness. As a result, both blockchain and the internet must focus on the value technology offers to people’s lives and life meanings.”
Talking about “Metaverse” and “Tokenzied World”, Xinjun Liang, co-founder of Fosun Group, believes that “Token is a fundamental tool and tool of value in Metaverse. As a carrier of free movement of value, Token has great influence in human behavior and social form. will bring about changes and enable people who have never met before to continue to contribute brainpower and mental or financial resources to a common goal under Token incentive.” This point of view coincides with the DAO mentioned by Jihan Wu, Bitmain co-founder, all new model They look forward to organizational ecology within the scope of
In addition, Xinjun Liang expressed his opinion on the “Soulbound Token” thesis published earlier by Vitalik, the founder of Ethereum, “This thesis brings strategic thinking and will strategically change the economic scale of the Metaverse.”
In terms of supervision, Peiling Tin, head of Business China, said, “The Singapore Monetary Authority has launched an exciting mechanism: Sandbox Express. It is a design for both parties: early movers can implement, develop and explore new technologies under supervision; Regulators can learn and understand more about the latest industry through these early movers. Singapore regulators are eager to embrace the future and are interested in Tokenized World. “
“Regulation is always lagging. Every step taken by early movers will come with risks and challenges because many areas are unknown to both regulators and early movers.” “But because of this uncertainty, tokenization has huge potential and this is a huge opportunity for FSI companies,” said FOMO Pay co-founder Zack Yang.
Regarding the future of Tokenized World, Ben believes that blockchain products should lower the barriers to attract mass market users. This will be achieved by forcing an upgrade of the infrastructure. The spiral development of products and infrastructure can enable the industry to evolve rapidly and continually adopt new technology.”
imToken is a decentralized digital wallet used to manage and protect a wide variety of blockchain and token-based assets, identities and data. Since its founding in 2016, it has helped its users transact and exchange billions of dollars worth in more than 150 countries around the world. imToken allows its users to manage assets on more than 20 mainstream blockchains as well as seamlessly connect to DApps through a decentralized app browser.
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