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Social NFT platform DeFine Participated in the 3rd World Digital Asset Summit

From May 19th to May 20th, the “3rd World Digital Assets Summit”(WDAS) co-sponsored by ChainNews and Winkrypto was grandly opened at the Bellagio Hotel in Shanghai, China. As one of the sponsors of this summit, the social NFT platform DeFine participated in the NFT roundtable discussion and the encrypted art charity auction. The following is a review of the essence.

Roundtable Discussion | Everything is renewed in the NFT era

Emma, ​​one of the DeFine contributors, served as the roundtable host to offer some ideas to the roundtable guests: What was the most impressive thing about NFT in the past year? Compared with traditional art, what changes does encryption bring to art? What are inseparable things? Compared with the traditional art market, what are the advantages and disadvantages of the trading platform of the encrypted art market? How can NFT plus fan economy discover new models of fan economy?

Cao Yin, the Digital Renaissance Foundation managing director, said that in the Internet era, Everything that art expresses, art creators, and the so-called proper structure and voice structure of the traditional art industry had undergone earth-shaking changes. The NFT market may provide a fair deal for these large numbers of self-conscious artists because the openness and inclusiveness of the Internet can also enable many subcultural artists to reach collectors who can resonate with them through NFT. , This is what traditional art cannot do.

Seascape COO Nicky Li believes that the possibility behind NFT is very high, especially for the fan economy. If some basic construction is done well in the future, many mainstream live broadcast platforms can apply this to customize content.

Bihu COO Amber said: It is difficult for many people to understand and appreciate its contemporary artworks because there is a gap of missing information between artworks and viewers. The emergence of interactive NFTs can bridge this gap. Secondly, increasing the ability of art narrative can also allow a more robust interaction channel between art and viewers.

Republic Asia partner Cao Zhen expressed his opinion: Fan economy is challenging to achieve from a dialectical point of view because once fan tokens have a certain degree of liquidity, it is equivalent to part of your reputation going up and down. Relatively very stable top-tier first-line stars, they sometimes fall into a kind of thing that is not necessary to do this. Of course, there will undoubtedly be updated solutions to overcome these problems.

Charity Auction | Conveying Altruism

The conference launched two charity auctions of encrypted artworks. As a special partner in the NFT field, DeFine held a joint auction with WDAS for the first time. The charity auction with Binance Charity as the donation recipient raised 219,000 USDT, and the encrypted art charity auction with Huobi Charity as the donation recipient raised approximately 1.313 million USDT. The donation will help the world fight against the new crown, autistic patients, support equal rights for men and women, equal racial rights, environmental protection projects, etc., and convey Altruism in the encrypted digital currency industry to the world.


DeFine, a social NFT platform, is proud to participate in the WDAS, the highest quality summit in the industry. During the summit, the DeFine contributors review the development of the industry, discuss future trends, share insights and provide inspiration, and make small contributions to charity. With DeFine’s recent strategic partnership agreement with South Korea’s leading MCN company Sandbox Network and cooperation with South Korea’s comprehensive entertainment company Abyss, Define will continue to expand the Asian and global NFT market and create value in new business areas. It will help the NFT industry and the whole blockchain develop in high quality with the power of science and technology.

About DeFine

DeFine is the NFT social platform for all creators including artists, musicians, influencers, gamers, and athletes The platform facilitates all social interaction, engagement and communication for creators and their fanbase with digital assets like NFTs and social/fan tokens.

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DeFine is the NFT social platform for all creators including artists, musicians, influencers, gamers, and athletes.