SINGAPORE / ACCESSWIRE / March 21, 2024 / The much-anticipated event WOW Summit HK is back, brimming with fresh ideas and a speaker panel comprising great minds from the Web3 space. Set to be held on March 26 and 27, the event will also see Herbert Sim, COO of the ambitious Web3 project Websea, speak at its "How Crypto Will Shift from Product to Powering Products" panel.
The WOW Summit HK is a major APAC event that will unveil the future of Web3 technology. Following the success of previous WOW Summits in Lisbon, Dubai, and Hong Kong, the event is yet again returning to Hong Kong with a groundbreaking new concept.
To be held in the last week of March, the Summit aims to connect the leading players of the Web2 space with those of Web3, which is the next iteration of the internet and gradually taking over the world. With more than 7,000 attendees, 150+ speakers, and over 100 investors spanning 30+ countries, this mega event is supported by the government, offering an exclusive platform for discussions, networking, and business opportunities.
The event brings together the titans of the industry, including leaders of the crypto space, investment funds, venture capitalists, entrepreneurs, NFT, and digital artists, as well as multinational corporations and government officials.
Among its list of speakers include Joseph H. L. Chan, Under Secretary for Financial Services and the Treasury of Hong Kong Government; Stephen Phillips, Director-General of Investment Promotion Invest Hong Kong; Yat Siu, Co-founder and executive chairman at Animoca Brands; Stacey-Ann Pearson, Head of Web3 - APAC & Japan at AWS; Bugra Celik, Director of Digital Assets at HSBC; and John Cahill, Asia COO of Galaxy.
Websea COO Sim will also join the star panel and talk about the evolution of the crypto space. Discussing this progress, he will cover all about the growth of the technology underpinning the revolution, that is, cryptocurrency.
Over the past decade, blockchain tech has advanced significantly while the crypto market has matured, helping the sector achieve a $3 trillion market capitalization. The crypto king, Bitcoin, itself has managed to attain a trillion-dollar market cap, inching closer to the traditional safe haven i.e., gold.
As institutions, family funds, and retirement accounts, along with giants like BlackRock, enter the Bitcoin market following the approval of Bitcoin Spot ETFs in the US, Sim sees a shift in the space where "cryptocurrencies are expanding from single products to broader application areas."
This shift came as Ethereum pioneered the concept of smart contracts, expanding the role of crypto to serve as platforms for dApps and provide broader applications in finance and other industries. Now, we are entering the third stage where we won't be a product anymore, rather, crypto is empowering products.
"In this phase, cryptocurrencies are no longer just objects of trade and investment but have become a driving force behind innovation across various industries," states Sim.
Besides crypto's impact on the financial world, Sim will also be covering how both individuals and businesses worldwide can benefit from the distributed collaboration and spirit of co-building and sharing in Web3. They can achieve data sharing, value transfer, and business synergy, paving the way for novel business models.
At the event, Sim will also reveal many attractive details and developments, including the upgrades made to Websea to make it a more streamlined and simple experience for users to access the trading platform and its various features. With these changes, Websea aims to reduce the barriers to user adoption and foster a rapid increase in platform users.
Websea is a Web3 project committed to building a digital asset exchange for the younger generation. Its native token, WBS, which powers the platform, is described by the team as more than just a crypto asset. WSB, according to Sim, is "a crucial driving force behind the development of the entire ecosystem."
Most recently, the token hit an ATH of $3.50 after its global community unanimously voted to reduce the total supply of WBS to 300 million, creating scarcity for the digital asset. The project also upgraded its WBS holder profit plan, under which Websea will utilize 10% of its net profits earned every month from transaction fees to repurchase WBS tokens.
Websea COO will further talk about the different ways the platform will be utilizing its native token, WSB, to drive platform engagement and user growth. This includes integrating gaming and social concepts by introducing features such as lucky boxes, boost campaigns, and other innovative, exciting, and lucrative options that will be revealed on March 26 at WOW Summit HK.
On March 27, Websea will also be hosting the Web3.0+2024 event in Hong Kong, separate from the WOW Summit. It is set to take place at Central Pier No. 9, adjacent to the iconic AIA Observation Wheel, and will commence at 19:00.
About Websea
Websea is a digital asset trading platform for global youth. They prioritize safety and security for users with dual-account security, intelligent copy trading, and AI-driven risk management. The platform's native token, WBS allocates 60% for community incentives. They integrate Web3 social and gaming concepts, enhancing the trading experience for all users.
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Media Contact:
Marjore Barros
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SOURCE: Websea