Organized & Edited by: ChainCatcher HK Observation Team

Today, BNB Chain held its fifth anniversary event in Hong Kong, and CZ is back! Regarding the development of Web3 in Hong Kong, his overall feeling is that Hong Kong is currently supporting innovation and doing a great job attracting new industries in this area. In the future, once the mainland supports digital currencies and the Web3 industry, a large number of talents may be attracted back because the market is larger. Now, Hong Kong is a pilot, making it a good time for development. The following is a summary of his series of viewpoints from the interactive session, hoping to inspire you.

Question: A few months ago, you were frequently surfing on Twitter and paying attention to BSC memes, but recently your surfing frequency has decreased. What new interesting content are you focusing on now? You also changed your avatar to one of aerial surfing.

CZ: When I was playing with memes on BSC, I got caught in the middle several times, and later realized that public learning wasn't very good. I studied Trust Wallet for a long time, and Pancake as well, but when it came to actual application, I found that the user experience is still different from CEX. Meme coins are quite fun, but I'm not sure how long they can last. I think RWA has great potential now, but there are many challenges when assets go on-chain. Financial assets are often defined as securities, which come with a set of compliance requirements. If defined as commodities, there are also compliance requirements for commodities. Beyond these two categories, other assets going on-chain will encounter issues like liquidity and redemption. Our team has encountered many problems that need to be solved when collaborating with institutions like BlackRock, which is quite interesting. Recently, I've been spending a lot of time focusing on AI and biotechnology, and I might invest in related projects.

Additionally, I've been traveling more than before. I was confined in the U.S. for a while, which was a bit boring. Now that I'm out, I travel more. One benefit is that many high-level officials in various countries are willing to consult me on how to regulate Web3 and how to manage national digital currency funds. I'm very willing to help with these questions, so I spend a lot of time traveling. When I travel, I update Twitter less; generally, I tweet more during exhibitions. My X is mostly operated by myself; I tweet more when I have free time and less when I'm busy, so it's quite random. Also, after being confined for a long time, I found that there are many joys in life that I haven't experienced, so after getting out, I've been more playful, trying surfing and skiing.

Question: Hello, Big Brother, I want to ask you about changing your Twitter avatar to aerial surfing. Have you calculated how much seawater you drank to successfully leap? How did it feel when you leaped?

CZ: Sports are really fun; I've drunk a lot of seawater, almost drained the ocean, haha! I enjoy being in nature. Skiing is a bit dangerous for me; I've been skiing for over thirty years, but going fast comes with risks, and I worry about falling due to my back issues. Water sports are safer when it comes to falling, so aerial surfing is very interesting; I recommend you try it.

Question: I noticed you mentioned in Japan that there is a gap in RWA token price tracking data. We at Rootdata have been a crypto data platform for three years and are now focusing on RWA data. In your view, what opportunities for integration exist for RWA asset data infrastructure for products like ours?

CZ: Traditional financial products (like currencies and stocks) have relatively complete pricing and historical data, but data for assets like real estate and art is often unreliable or very subjective. Once RWA matures, on-chain trading volume and liquidity will shift pricing power to the chain (for example, stablecoins achieving high trading volume through AMM). Currently, most transactions are large and very opaque. Therefore, data transparency (like historical prices and trend comparisons) can promote trading, forming a positive cycle of "data improvement → increased trading → enhanced liquidity." Currently, the lack of RWA data presents an opportunity for data platforms, and I have also suggested that platforms like CMC pay attention to this area.

People often ask a question: how much is this worth? However, many prices are opaque. Once everything is on-chain, prices will be transparent, so I believe there are many opportunities in creating related data platforms.

Question: In your view, why don't publicly listed companies create native stock tokens themselves and instead choose third parties (like Robinhood)? What is the ultimate product form of stock tokens? For example, X stocks, Robinhood, or stable stock, which would be more ideal?

CZ: The core issue is compliance. Publicly listed companies are regulated by the SEC, and directly issuing stock tokens may be defined as securities, requiring compliance with regulations (like KYC and accredited investor systems). On-chain wallets do not require audits, leading to regulatory conflicts. Intermediaries are involved to avoid direct association risks, but this results in tokens not being able to distribute dividends, harming user interests. The ideal situation is for regulators to allow publicly listed companies to issue tokens, making them globally tradable (for example, if the U.S. promotes the commercialization of securities, it means that in the future, everyone worldwide can buy U.S. stocks; if Hong Kong doesn't adjust, it will lose out, and if Japan doesn't act, it will also lose out). Technically, issuing tokens is very simple; the challenge lies in adjusting regulatory rules. Currently, token prices are decoupled from actual stocks, and the price difference cannot be arbitraged, indicating that the product is not fully linked. However, the core issue now is compliance rather than technology.

Question: We are working in DeSci, a field more driven by leaders, and there is very little attention from crypto investors. However, we hope to convey knowledge and bring new data types to blockchain, and we currently need the power of Web3 to assist. What are your thoughts on this?

CZ: The difficulty in combining DeFi and Science lies in the contradiction of time cycles. Scientific research is measured in years, while Web3 users pursue short-term gains (like "speculating on meme coins"). However, theoretically, excellent researchers need small amounts of funding (like $100,000 to $200,000) for support. For example, if research is successful (like developing an anti-cancer drug), the returns can be substantial. If future profits can be shared with token holders, the logic holds. I understand that there are already projects attempting to reduce research costs by processing biological data through AI. Once there are breakthrough results, the field will explode, but what is currently lacking is a "flagship case."

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。