As the applause for the last speech gradually dissipated on April 8, the 2024 DePIN Global Hardware Conference came to a successful conclusion on the glorious stage of Hong Kong Cyberport. This technology event hosted by Techub News and hosted by JDI Global brings together the co-organizers of CGV and Web3Labs, as well as Cyberport, UWEB, CRYPTOMERIA CAPITAL, UtilityNet, Port3 Network, Azen, Deeper, X3Link, U2U Network, CYSIC, Network3, The strong support of DeepBrain Chain, DeepLInk, Titan Network, BOINC AI, DeAI, PowerPod, CESS and other well-known institutions has successfully attracted global attention and attention. Through in-depth exchanges and wonderful displays, the conference not only painted a promising blueprint for the global hardware industry, but also conveyed the power and potential of hardware innovation to the world. At this moment, we stand at a new starting point and confidently look forward to an even brighter future for the global hardware industry.
At the beginning of the conference, Hong Kong Legislative Council member Wu Jiezhuang delivered a speech. He highlighted Hong Kong’s unique advantages in developing Deep Physical Infrastructure Network (DePIN). As a huge economy and a "one country, two systems" city with an effective common law system, Hong Kong not only has huge market potential, but also occupies unique advantages in financial innovation and geographical location. Councilor Wu used the example of the Beijing football match last year to vividly demonstrate the convenience brought by the combination of blockchain technology and physical infrastructure, highlighting the important role of DePIN in breaking through physical space limitations and promoting technological development.
Next, Zhao Hanchang, project consultant of the Special Duty Team of the Financial Investigation Division of Hong Kong Customs, explained the Customs OTC policy. He said that the customs will continue to introduce OTC business within the scope of supervision and welcomes valuable opinions and suggestions from all parties. The launch of this policy aims to provide a more flexible and convenient regulatory environment for the development of new technologies such as DePIN.
In her speech, Amanda, Vice President of Web3 Labs, emphasized the mission of Web3 Labs, which is to help global Web3 companies land in Hong Kong and accelerate industry development through its service system. She believes that as a financial center, with an open legal environment and many advantages, Hong Kong is an ideal place for the Web3 industry. At the same time, Amanda also pointed out the challenges faced by Web3 companies and said that Web3Labs will actively respond to the policies of the Hong Kong SAR government and provide implementation services and technical cooperation support for Web3 companies around the world.
At the ceremony where JDI Global and Web3 Labs cooperated to launch the DePIN acceleration plan, Mr. Wang Yiming, Chairman of JDI, Mr. Huang Junlang, representative of Web3 Labs, and Mr. Kevin of CGV took the stage together. Mr. Wang Yiming emphasized three important directions in the future: home space, mobile space and applications around the human body. He believes that many DePIN projects should be built around these specific spaces to create more attractive stories and attract more people to join the DePIN ecosystem. Mr. Kevin and Mr. Huang Junlang also agreed and looked forward to this cooperation promoting the development of the Web3 field. This brief exchange demonstrated the common expectations and confidence of all parties in the DePIN acceleration plan.
Subsequently, UWeb President Yu Jianing released the DePIN report. In his report, he emphasized the huge transformative role of DePIN in future infrastructure construction and corrected people's misunderstanding that DePIN is just hardware mining. He believes that DePIN, as an important way of mental productivity and infrastructure construction, combines blockchain technology with industry to realize the vision of empowering entities and promoting industrial development. Principal Yu also shared his love and expectations for DePIN, and emphasized the importance of DePIN in future technological development and the rise of digital wealth.
Helium Foundation CEO abhay outlined the history of Helium and its role in the DePIN ecosystem. He pointed out that DePIN is a physical infrastructure network that uses token incentives to create markets. For wireless network providers, DePIN involves coverage creation, with token incentives guiding the process. On the demand side, tokens provide utilities that allow people to use the network. Abhayr took urban access to the Internet as an example to illustrate that DePIN solves the problem of traditional network permissions and provides convenience for mobile devices. Overall, his speech highlighted the critical role of Helium and DePIN in building wireless network infrastructure and the importance of token incentives.
In his speech, Jan, chief technology officer and cryptographer of Dfinity Foundation, emphasized the importance of decentralization, believing that this is the key to building a secure and non-single point of failure system. He mentioned that decentralized systems like the Bitcoin network have existed for many years and have never been hacked, which is the best proof of the security of decentralization.
Jan pointed out that the goal of decentralization is to build a secure system without single points of failure. He demonstrated the security of decentralized systems by making an analogy to the fact that the Bitcoin network has not been hacked for many years. He said that ICP is a distributed network built from the bottom up, owned and governed by the community, and supports artificial intelligence. Unlike traditional blockchains, ICP has the conditions to allow users to access the area without tokens and only use their mobile phones. Blockchain solves the real needs of users.
Dimo co-founder Alex introduced Dimo's project in his speech: an open connected car network designed to help people make full use of their vehicles and control their own data. He emphasized the importance of cars in the field of IoT and blockchain because cars are the most expensive IoT device most people own and the scale of the automotive industry far exceeds the sum of all other devices. He also mentioned that the automotive industry currently has data silo problems, and Dimo is committed to breaking down these barriers. In addition, Alex mentioned that car-related transactions involve a lot of expenses, such as insurance, maintenance and other factors, and data can improve the efficiency of these transactions. Dimo has begun establishing vehicle identity standards and plans to record and maintain this data throughout the vehicle lifecycle, thereby increasing transparency and efficiency.
Kuleen, head of DePIN Solana, emphasized the importance of distributed infrastructure in modern society, such as the Internet, power grids, and data storage, which all operate based on distributed networks. However, these networks are expensive and complex to build, and they often become highly centralized, leading to unfairness.
He believes that DePIN is the key to solving these problems. DePIN is unique in its ability to effectively address numerous challenges faced by distributed infrastructure. Through DePIN, we can build a more fair, transparent and decentralized world.
Finally, Kuleen called on DePIN developers present to build their projects on Solana, because Solana provides an ideal environment to support the development of DePIN. His speech not only gave people a deeper understanding of Solana and DePIN, but also inspired people's enthusiasm for building a fairer and more decentralized society.
Aaron, the founder of Monnchain, introduced Monnchain in his speech as a cryptocurrency-focused holding company that has been working on ambitious projects since its establishment in 2018. He emphasized that Monnchain’s core focus is games, NFTs and the open metaverse. Through community and DAO participation, Monnchain actively supports portfolio companies in strategic operations to make high-conviction investments. Aaron said that Monnchain is not only a chain, but also a complete ecosystem. He predicts that by 2024, we will witness the rise of DePIN. He cited some of Monnchain’s key strengths, including successfully deploying more than 45,000 global IoT gateways and having a massive IoT network. In addition, Monnchain’s robust blockchain allows access to IoT devices such as smart watches and glasses, thereby adding more possibilities to its ecosystem.
Tsang introduced Utility net as a new Layer1 blockchain. Utility net is based on a decentralized digital chip network. Each physical chip has a unique corresponding RWA mapping wallet on the chain. Through this innovative hybrid encryption protocol, It is possible to obtain incentives without wasting computing power, and the redundant computing power can be rented to users who really need computing power at a very cheap price. It is expected to drive a large amount of private capital to participate in the actual AI computing power infrastructure. In the process of construction, this coincides with ai+ and the window for the development of new productive forces in Hong Kong."
In Boinc developer Jade Bird’s speech, he emphasized the importance of artificial intelligence in today’s work and study, and pointed out that distributed computing power networks are the key to the future. He believes that the existing artificial intelligence computing power has a monopoly problem, which needs an open and decentralized platform to solve. He introduced how DPN (Distributed Computing Network) can provide data from the real physical world and redefine the relationship between computing power and people. He mentioned that computing power is the engine of artificial intelligence, while the algorithm is the gearbox and data is the source. In order to promote the commercialization of artificial intelligence, sufficient, open and transparent computing power is needed. Finally, he introduced how Boinc AI achieves the decentralization of computing power, algorithms and data through the original PUVC computing power value consensus algorithm to promote the development of artificial intelligence.
Allen Ding, founder of Ebunker.io, shared his rich experience in the fields of Ethereum and DeFi in his speech, and introduced the company eBonker’s achievements in blockchain infrastructure. He emphasized the importance of decentralization of verification nodes on the Ethereum network and launched a new product, Ebunker, designed to help users obtain higher returns. In addition, Ding also launched the debunker platform to provide liquidity for low-level employment, solve the limitations and problems in the low-level employment process, and allow more people to participate in the encryption field. He believes that low-level employment is the key to the popularization of blockchain technology, so he focuses on this direction. During his speech, he also conducted on-site research and found that many people did not know enough about debunker, so the launch of debunker will provide them with better participation opportunities. Finally, Ding thanked everyone for listening and said that he would continue to work hard to promote the development of blockchain technology.
In today's roundtable forum "DePIN's Investment Logic", we invited guests from different backgrounds and fields, including investment institutions and project parties, to discuss the investment logic in the DePIN field. The guests introduced their institutions and projects respectively, and shared their investment experience and opinions in the DePIN field. Among them, NGC Ventures partner Tony introduced the DePIN projects they invested in and emphasized the importance of Web3 Global Fund in the DePIN field. Eraser, the founding partner of SevenX Ventures, shared their investment experience and views in the DePIN field and said that they are actively looking for potential DePIN projects. In addition, Starpower CMO Unai introduced how they help the DePIN project with marketing and brand building. Rock, the founder of Network3, said, "The DePIN project is not accomplished overnight. It requires time to accumulate. First enter the points system, run on the test network for a period of time, iterate the project, and then go to the official network when the project is truly stable." Forest said that they not only focus on investments in the DePIN field, but also provide comprehensive reports and analysis for the industry through media platforms. The atmosphere of the entire forum was warm, and the guests actively interacted with each other, bringing a wonderful roundtable forum to the audience.
Felix DBC Speaker’s speech emphasized the uniqueness and forward-looking nature of the Deep Brainchain project. He recalled the loneliness at the start of the project and the initial attempts to combine AI with Blockchain, and lamented the booming development of DePIN and AI Blockchain fields many years later. He introduced the core of the DBC project - decentralized cloud computing power, and demonstrated the rapid development of its network-wide computing power and technology. At the same time, he also pointed out the differences between peer projects and emphasized DBC’s open source, global coverage and cost-effective advantages. He is optimistic about the future growth of AI computing power and said that the DBC project provides retail investors with the opportunity to participate in the development of the AI ecosystem. Finally, he looked forward to the application prospects of AI training and reasoning, cloud games, cloud Internet cafes, and mining, and emphasized the importance of decentralized computing power in the growth of AI hardware demand.
Ting Du Powerpod's speech emphasized the importance of energy in artificial intelligence and the global energy revolution. He demonstrated the importance of energy to daily life through his personal experience, especially the power shortage problem he faced during the epidemic, which made him deeply aware of the importance of energy. He believes that although everyone is talking about artificial intelligence currently, the development of artificial intelligence cannot be separated from the support of energy. In the future, energy will become an equally important basic element and universal currency as AI in the DePIN era. He also pointed out the problem of electric vehicle charging, that is, the lack of charging facilities limits the popularity of electric vehicles, which is also one of the problems that needs to be solved in the global energy revolution. Therefore, he called on everyone to pay attention to energy issues and jointly promote the development of the global energy revolution.
Alex Mukhin, co-founder of Cryptomeria Capita, gave us an insightful talk. He first introduced his background. As a co-founder of multiple companies, his business involves investment funds, media and entertainment projects and other fields. Their investment fund, Cryptomeria Capital, is a global investment fund backed by Accent Partners, Europe’s largest traditional asset management company. In addition, they also operate Ampost, a global technology media, and Satoshi Universe, an entertainment project based on blockchain technology.
Alex emphasized that their company has made significant contributions in the industry, providing a large number of institutional-level reports and covering multiple aspects. He then turned to one of their upcoming special reports, State of the Pin. The 180-page report contains in-depth analysis, insightful comparisons and a wealth of information, making it an important report in the field.
In his speech, Felix Xia Azen Network presented us with a vision of a decentralized, flexible and easy-to-use platform. This platform is designed to support the invocation of CDN, GPU, CPU and other resources, providing developers with convenient and efficient tools. He demonstrated their professional capabilities in distributed computing and low-frequency project development by sharing his research background and team achievements. In particular, the innovative ideas he mentioned about simplifying complex problems into simple APP development and resource scheduling through NFT and smart contracts are impressive.
In addition, Felix also emphasized the concept of creating wealth for the rich and giving opportunities to the poor, and proposed the idea of using idle mobile phones for meaningful "mining". This idea not only has social significance, but also demonstrates the universal value of technology. At the same time, his exploration of acquiring customers through social media and building a project ecosystem also provides us with new perspectives and thinking.
Port3 Network CEO Max’s speech demonstrated Port3 Network’s deep strength in the field of AI services. He highlighted how quickly the team built a lot of things in two years, including infrastructure, middleware and applications. He also thanked partners for their support and revealed that the company is working closely with Solana and Okis and trying to build its own chain. During the speech, Max also mentioned the company's number of users and partners, highlighting the company's achievements and influence.
DeepLink strategic manager Cherry’s speech introduced the technical features and market prospects of DeepLink as a decentralized AI cloud gaming platform in a simple and easy-to-understand manner. She emphasized the rapid growth of the cloud gaming market and how DeepLink has solved two major technical problems in the cloud gaming industry: low-latency, high-resolution gaming experience and hardware investment costs through the combination of AI and blockchain technology. She also introduced how DeepLink uses blockchain technology to incentivize miners to provide stable services, reduce operating costs, and allow users to participate in project growth and dividends. Finally, she demonstrated the application of DeepLink in multiple fields such as remote control tools, cloud gaming platforms, cloud Internet cafes, and cloud Industry. DeepLink, a DePIN project based on cloud gaming, can provide a cloud gaming solution to help some commercial gaming or oil refining projects improve player retention rates and increase the number of players."
The theme of the roundtable forum was "What is different about this round of DePIN?", and many guests from different fields were invited, including investment institutions, start-up companies, technical experts, etc. The moderator of the forum is 0xZane, the investment director of CGV.
The focus of the forum is to discuss the hot spots of the current DePIN project and the differences from earlier projects. The guests generally agreed that although the DePIN concept is similar to earlier projects, the current market environment and technological development have given it new opportunities. They emphasized the important role of blockchain technology in the digital world, especially its combination with AI, hardware and other fields, providing new growth points for DePIN.
The guests also pointed out that the key to the success of the current DePIN project lies in its ability to become a new traffic entrance and achieve widespread application. At the same time, they also discussed the potential application scenarios of DePIN in Web3, AI, hardware and other fields, as well as the challenges faced, such as technical compatibility, market acceptance, etc.
This roundtable brings together experts in the fields of payments, renewable energy, Internet and mobility to discuss the challenges and opportunities of DePIN technology. Host Alma guided the guests to discuss in depth the application prospects and obstacles of DePIN technology in various fields.
Adam Farhat emphasized the impact of regulatory restrictions on the widespread application of DePIN technology, and proposed the need to strengthen communication and cooperation with regulatory agencies to promote industry compliance. Fredrik Ahlgren sees the potential of DePIN in the field of renewable energy and believes that technological innovation and user education are the keys to promoting its application.
From the perspective of Internet technology, Chloe Phung believes that DePIN technology can bring better user experience and business innovation to the Internet field, but it needs to adapt to rapidly changing market demands and technology trends. Dayon Elings looked forward to the application prospects of DePIN in the field of mobile travel, pointing out that it needs to overcome the challenges of technical difficulty and market acceptance.
Overall, the 2024 DePIN Global Hardware Conference is an intersection of technology and innovation. It not only brings together the elites and leaders of the global hardware industry, but also demonstrates the huge potential of new technologies such as DePIN in promoting industry development and changing lifestyles. With the continuous development and application of these new technologies, we have reason to believe that future technology will be more convenient, smarter and better. We look forward to gathering again at the next DePIN Global Hardware Conference to explore the frontiers of technology and open up unlimited possibilities for the future!
