NEAR @ Hong Kong Web3 Festival Wrap Up: NEAR’s Impact in Web3 and AI
The Hong Kong Web3 Festival, co-hosted by Wanxiang Blockchain Labs and HashKey Group, concluded with resounding success. Over four exciting days, the festival brought together more than 50,000 attendees, featured 300 global speakers, showcased 100 exhibitors, and offered nearly 200 engaging side events. The event not only highlighted the dynamic growth of the Web3 industry but also positioned the fusion of Web3 and AI as the hottest topic of the year.
Chain Abstraction: Unlocking Mass Adoption’s Path to Success
NEAR’s presence at the festival was nothing short of remarkable, solidifying its position as more than just a layer 1 protocol. Amos Zhang, Founder of Metaweb and Early Contributor to NEAR Protocol, introduced NEAR and its visionary founders, Illia Polosukhin and Alexander Skidanov. He highlighted the importance of chain abstraction in simplifying the user experience and fostering industry-wide collaboration, setting the stage for a seamless and prosperous Web3 future.
Why AI Needs Web3
Illia Polosukhin, NEAR’s co-founder and CEO delivered a keynote presentation on “Why AI Needs Web3” at the Hong Kong Web3 Festival. He highlighted the powerful combination of Web3 and AI. Illia pointed out the existing challenges with closed-source AI models, including the lack of transparency in data generation methods. He recognized the need for open-source models but acknowledged obstacles such as data protection regulations and insufficient financial incentives. He proposed that AI language models should directly engage with users, leveraging cryptography and on-chain reputation systems to address these challenges and foster the development of competitive models within Web3.
For a recap of the keynote presentation, please read this blog post:
Meeting the Vibrant NEAR Community
NEAR has a strong presence in the Chinese community. At the NEAR booth, attendees were immersed in an electrifying experience, where we presented an array of engaging activities including NFT and Swag giveaways supported by NEAR China, Black Dragon, LiNEAR Protocol, Shard Dog, and Sender Wallet.
The NEAR China team and ecosystem representatives captivated visitors with a comprehensive introduction to NEAR, exciting updates, and an unforgettable encounter that left everyone craving more.
NEAR’s Impact in the Hong Kong Web3 Landscape
During the Hong Kong Web3 Festival, NEAR and MetaWeb were invited to speak at various side events and panels hosted by renowned industry players such as AWS Cloud, Google Cloud, Hashkey, and Gate.io to share insightful possibilities of AI and Web3, as well as the trends of layer 1 blockchains. This participation reflects the growing momentum and enthusiasm surrounding NEAR, particularly in the field of web3 technologies and artificial intelligence.
NEAR’s presence at the Hong Kong Web3 festival was remarkable, emphasizing the importance of chain abstraction and the potential of Web3 and AI integration. NEAR’s impact in the Chinese community also showcased its influence in the Web3 landscape. The momentum will continue at Token2049. The future is NEAR.
For more information and updates on the event, follow NEAR China on Twitter and NEAR social platforms.
