At the beginning of 2023, blocktempo present to you the “Taiwan Blockchain Industry Annual Influence Selection” list. And invited the shortlisted industry leaders to share their “forecasts and trend observations for this year.
2022 will undoubtedly be a very difficult year for the entire blockchain industry and the cryptocurrency market. We experienced the collapse of LUNA, Three Arrows Capital, Celsius, and the bankruptcy of FTX at the end of the year. Countless investors were hit hard and the entire market fell into a severe bear market.
However, as the largest Chinese blockchain media in Asia, Blocktempo still insists on leaving a development footprint for Taiwan’s blockchain industry. We still believe this is just a temporary low point in the long history of crypto. The tougher the environment, the more we must keep building (Buidl).
For the first time, we divided the list into 7 major areas, and expanded the list to nearly 40 awardees, including outstanding entrepreneurs, option leaders, and Taiwanese with global influence, compiled it into “Taiwan 2022 Annual Influence list” , and asked them to share their predictions and trend observations on 2023 for readers.
Shortlist：
1. Yat Siu / Animoca Brands Co-Founder ＆ Executive Chairman
2. Ppl Pleasr / NFT Artist 、Soul person of PleasrDao
3. Kevin Lin / Twitch、Metatheory Co-Founder
4. Brian Lu /Infinity Ventures Crypto（IVC）Founding Partner
5. Lee Hsuan / Blocto Co-Founder
6. Po Chen / Co-Founder of Bitcoin Chinese Community & TonX Studio Founder
7. Chen Mei-ling / Taiwan Blockchain Alliance Organizer
8. Jamie Lin / AppWorks Chairman and Partner
9. Paul Fan / CYBAVO Co-Founder & CEO
10. Wayne Huang / XREX Co-Founder
11. Alex Liu / MaiCoin Founder & CEO
12. Justine Lu / Lootex Co-Founder & CEO
13. Pochang Wu / OurSong Co-Founder人
14. Shawn Yue / ZombieClub Founder
15. Ivan / RED BUILDING CAPITAL（RBC）Co-Founder
16. Yenwen Feng / Perpetual Protocol Co-Founder
17. Titan Cheng / BitoGroup Co-Founder & CEO
18. David Pan / ACE Exchange Founder
19. Michael Ou / CoolBitX Founder & CEO
20. Pinta Chen / BlockTempo Marketing Director
21. Enoch Ho / OneOffs Co-Founder
22. Annie Yi / Theirsverse ambassador
23. Daniel Huang / BSOS Co-Founder & CEO
24. Harry Lee / Youtuber&NFT collector
25. BrainBroCrypto / Brainbrocrypto YouTuber ＆ Chinee Founder
26. lan Hsu / EM3 DAO Founder
27. Chang-Wu Chen / imToken chief scientist
28. JOSH / BINGX Director of Investment Research Strategy
29. Ping Chen / Pelith Founder
30. Jacky Wang / Shibuya.xyz & Bu Zhi DAO Co-Founder
31. Chris Chang / mrblock Founder
32. Raysky / Raysky’s Investment Founder
33. Ran Yi / Orderly Network Co-Founder
34. Chaoming Cho / Bincentive Co-Founder
35. Ryan Hsu / WinCan Digital Asset Management CEO
36. Dr. JU-CHUN（dAAAb）KO / Dentsu Web3 Growth Consultant
37. Cryptor / Murmurcats Co-founder & CEO
38. MashBean / FAB DAO Co-Founder
39. Leo Peng / Taiwan Blockchain Academia(TBA) President
Yat Siu / Animoca Brands Co-Founder ＆ Executive Chairman
- Animoca has accumulatively invested in more than 300 projects, including Axie Infinity, the popular metaverse project The Sandbox, Decentraland, NFT trading leader OpenSea…etc.
- In September of this year, Animoca’s valuation approached $6 billion, led by Liberty City Ventures, and participating institutions included Soros Fund Management Company and Sequoia China.
Siu’s 2023 predictions and observations:
Over the past few years a number of high-quality AAA crypto games have been in development and will begin launching in 2023, which is the year when we will see gaming and culture boost the number of Web3 adopters to well above 100 million users.
We expect regulation on cryptocurrencies and digital assets from various governments will become clearer. Improved regulatory clarity will drive more adoption and restore some of the confidence that was damaged during 2022. Asia will lead the way with policies being put in place that will drive adoption, like Hong Kong, which has announced crypto ETFs, and Japan, where regulators have welcomed the new technology.
…Siu’s full「 2023 predictions 」
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Ppl Pleasr / NFT Artist 、Soul person of PleasrDao
- Launched the decentralized audio-visual platform “Shibuya (Shibuya)” earlier this year, and received a financing of $6.9 million led by a16z and Variant Fund, with a valuation of $50 million.
- Included in the 2022 “Forbes” under 30 elite list, the main representative of PleasrDAO, once bid $5.4 million for the NFT “Stay Free” of the ghost hacker Snowden, and bid 1696.6 ETH ($6.5 million) for Dogecoin’s original Shiba Inu meme.
Ppl Pleasr’s 2023 predictions and observations:
My thoughts for 2023 is that we will spend some time recovering from the FTX scandal, but innovation will continue to shine. The FTX collapse is not good for the industry overall, but I think it just furthers my belief that centralization will always have its pain points and help steward users towards a more decentralized future.
…Ppl Pleasr’s「 2023 predictions 」
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Kevin Lin / Twitch、Metatheory Co-Founder
- Once the COO of Twitch, he promoted the platform to become the world’s largest live game platform, and was successfully sold to Amazon for $970 million.
- Metatheory Co-founder and received $24 million in Series A financing in May this year, led by a16z, Pantera Capital, and Dragonfly Capital Partners participated.
- Launched blockchain game Duskbreakers, the initial series of 10,000 NFTs sold out in just one week.
Kevin’s 2023 predictions and observations:
Finally some good web3 games. Crypto starts over with real utility backing. AI eats the world of content.
…Lin’s full「 2023 predictions 」
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Lee Hsuan / Blocto Co-Founder
- Wallet Blocto supports Aptos in Q4 this year. In the first week, it drove more than 300,000 users to set up Aptos wallets and established a 3 million ecological fund for Aptos.
- In March of 2022, Co-launched NFT store with Yahoo..
- Flow’s largest PoS hosting pool in the world, with more than 1.4 million users in 2022.
Lee’s 2023 predictions and observations:
Due to the continuing market downturn, there has been a decrease in activity in speculative projects. However, there are still many long-term BUIDLers who continue to develop new business models and new technologies—and the blockchain industry itself is still growing sustainably and healthily.
Because of various environmental factors and events in 2022, these potential projects may be delayed until at least the second half of 2023. This year is projected to be a relatively more stable year for the market; usually, teams that continue to innovate in these conditions end up being stars in the next bull market.
…Lee’s full「 2023 predictions 」
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Yenwen Feng / Perpetual Protocol Co-Founder
- Perpetual Protocol is one of the world’s largest DeFi derivatives service agreements. The V2 version has been released on Optimism, providing a faster and cheaper DeFi experience. Since its launch, the total transaction volume has exceeded $6 billion.
- Obtained world’s top Defi capital investment, include Multicoin Capital, Three Arrows Capital, CMS Holding and Alameda Research…etc.
Feng’s 2023 predictions and observations:
1. 2023 will be a year of tightening crypto regulation after the collapse of Luna, 3AC, FTX, and the draft regulatory bill in the US.
2.Although the year 2022 has seen several crashes, DeFi’s blue chip projects are still standing (Uniswap, Aave, Dai, …) After such a market trial, it can remove many people’s doubts about DeFi, and as the regulation becomes stricter, more volume will flow into DeFi market when the market recovers.
…Feng’s full「 2023 predictions 」
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Michael Ou / CoolBitX Founder & CEO
- More than 500,000 sets of CoolWallet have been sold worldwide, the top three cold wallet brands in the world.
- In December 2022, CoolWallet HOT was officially launched, which can manage cold and hot wallets at the same time.
- Received 500 million TWD in Series B financing. The investment was led by Japan’s SBI Group, followed by the National Development Fund, South Korean cryptocurrency exchange BitSonic, and Japan’s Monex Financial Group.
Ou’s 2023 predictions and observations:
The devastating collapse of Luna and later leading exchange FTX resulted in a brutal cascade of liquidations and bankruptcies (Celsius, 3 Arrows Capital, BlockFi, Voyager and others). It was reminiscent of the Lehman Brothers’ demise that marked the start of the 2008 banking crisis, which ironically led to the creation of Bitcoin and other cryptocurrencies in the first place.
All this took place during a time of rampant global inflation, crushing US interest rate hikes and geopolitical uncertainties and tensions that slowed market activity down to a sluggish pace.
…Ou’s full「 2023 predictions 」
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Chang-Wu Chen / imToken chief scientist
- Chen is Taiwan’s first official Ethereum Foundation researcher, the former chief scientist of AMIS, and also taught blockchain courses in the Information Science and Technology Department of National Chengchi University in the past.
- Since imToken was established, it has helped more than 10 million users enter the blockchain.
Chen‘s 2023 predictions and observations:
1. MPC wallet will start to grow to the market
2. Will see zero-fee DEX, and better limit order application
3. The need for ZKP and MPC devs will increase
4. The ecosystems of StarkNet and Cosmos (as Rollup stack) will continue to grow…Chen’s full「 2023 predictions 」
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Po Chen / Co-Founder of Bitcoin Chinese Community & TonX Studio Founder
- Co-founder of the world’s largest Chinese community “Bitcoin Chinese Community”, which will grow to nearly 160,000 people on Facebook by the end of 2022
- Since 2014, he has published more than a dozen bitcoin-themed papers, and is the earliest bitcoin and blockchain scholar in Taiwan
- Contributors to the TON blockchain, dedicated to accessing the major infrastructure of the TON blockchain, including network, verification, storage, DNS, and lightning network systems.
Chen’s 2023 predictions and observations:
Bitcoin
In the past ten years, Bitcoin has filled many loopholes through Segwit, allowing the Lightning Network to continue to develop. In recent years, Bitcoin has also continued to activate Taproot, Schnorr signatures…etc.
In addition, omni and LN lab also expanded their investment in the development of Bitcoin L1’s FT and NFT. It can be expected that in the next five years, we can see that Bitcoin’s L1 tokens will gradually become popular, L2’s smart contract solutions will gradually improve, and the future Bitcoin L1 will focus on the real most important Lost asset verification, L2 focuses on the off-chain, high-speed, private world with smart contracts. It can be expected that off-chain DEX and Swap will appear.
…Chen’s「 2023 predictions 」
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Paul Fan / CYBAVO Co-Founder & CEO
- CYBAVO is the largest consulting company in Taiwan that provides security expertise. Its service targets include Taiwan’s top three cryptocurrency exchanges, and Japan, the United Kingdom, USA, Hong Kong…etc.
- Has protected more than 4 million cryptocurrency transactions for customers, with a cumulative transaction volume of 35 billion US dollars.
- In June 2022, Circle, the world’s second largest stablecoin USDC issuer, announced the acquisition of Cybavo.
Fan’s 2023 predictions and observations:
In 2023, we can expect the regulation around cryptocurrency to become more clear and strict; cost to become compliant for cryptocurrency service providers will also greatly increase.
Ethereum will continue to evolve, and real-life applications for L2 Rollups will begin. US dollar-pegged stablecoins will help institutions become crucial providers for NFT, payments, and other blockchain applications.
…Fan’s full「 2023 predictions 」
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Wayne Huang / XREX Co-Founder
- Pre-A round completed NT$470 million, received investment from Japan’s SBI Investment, Canada’s ThreeD Capital, and Germany’s Global Founders Capital.
- In Q3 of 2022, XREX will be verified by the British Standards Institution (BSI), joining the ranks of top cryptocurrency exchanges such as Binance and Crypto.com.
- Xrex obtained licenses and registrations from the USA, Canada, Lithuania…and is applying for a large-scale payment institution license in Singapore.
Huang’s 2023 predictions and observations:
*2023 Outlook: Year of Self-regulation for Centralized VASPs 2022 was the “year of institutions,” as many large global institutions entered the cryptocurrency industry. Unfortunately, it was also the year when both institutions and individual investors suffered huge losses due to the activities of bad actors.
The large number of victims will force governments around the world to take action. Centralized VASPs will have to invest significant resources to comply with regulations and meet expectations in 2023.
…Huang’s full「 2023 predictions 」
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Ping Chen / Pelith Founder
- The establishment of Hakka Finance, Taiwan’s first DeFi brand, focuses on derivative financial products on the blockchain.
- The token $HAKKA launched by Hakka Finance has soared 700% in 7 days.
Chen’s 2023 predictions and observations:
Finally, we don’t have to put up with people questioning the efforts of serious DeFi developers with a 20% flashy games. Many products that are inherently good, but don’t generate great revenue, will have a chance to be treated fairly.
…Chen’s full「 2023 predictions 」
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Daniel Huang / BSOS Co-Founder & CEO
- BSOS is the earliest technology partner of ConsenSys in Asia. Recently, it has cooperated with Circle and 500 Global.
- Selected by Blockdata, a blockchain industry analysis platform under CB Insights, as one of the “35 Global Blockchain Companies with Potential”
- The first blockchain solution “SUPLEX” revitalizes idle assets of enterprises into digital assets that can be efficiently circulated, allowing capital flows to maximize their value.
Huang’s 2023 predictions and observations:
Combined with the foreseeable regulatory pressure and costs in the future, it will inevitably lead to a restructure of the CeFi industry; On the DeFi side, although its operation and value transfer are transparent, people could use the wisdom of the crowd and market choice to replace the lack of regulatory force on DeFi.
However, in practice, most of the users do not have the ability to understand DeFi smart contracts, and there is still a significant information gap between users and the agreement.
…Huang’s full「 2023 predictions 」
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Ryan Hsu / WinCan Digital Asset Management CEO
- Worked as general manager of Shubao Digital Asset Management, CITIC Blockchain Lab, and manager of American Citibank。
- As a columnist, blockchain/cryptocurrency lecturer, has IMBA Exchange Program of Beijing Tsinghua University, MBA of National Chengchi University degree, and actively promote the advancement of the industry.
Hsu’s 2023 predictions and observations:
Since 2022, the Federal Reserve has raised interest rates by 425 basis points, the largest rate increase in more than 30. The two-year U.S. treasury bond yield has jumped from 0.7% at the beginning of 2022 to 4.5% at the end of November 2022. Against the background of high yield rates, investors will continue to flock to the bonds market with attractive investment returns.
If we further consider factors such as lingering inflation concerns, geopolitical risks, and the threat of economic recession brought about by policy tightening, they may continue to impact the stock and financial markets in the first half of 2023. Even corporate earnings will face the potential risk of downward revision in 2023.
…Hsu’s full「 2023 predictions 」
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Pinta Chen / BlockTempo Marketing Director
- Operate Asia’s largest Chinese media brand, lead the strategic cooperation with major international large-scale blockchain summits in 2022, including Token2049, HoneyCon, Blockchain Thailand Genesis…etc.
- At the end of 2022, co-host the blockchain international forum「NFT Taipei」and blockchain week, attracting more than 100,000 participants, and the speakers include representatives Vitalik and Yat…etc.
- She has worked in the field of film and television for more than ten years and has participated in more than a hundred works. Film production includes the first film in Asia to be shot with an Iphone, and Taiwan’s representative works for the Oscars.
Chen’s 2023 predictions and observations:
Under the background of decentralized technology empowering content creators with new power, global traffic platforms such as YouTube, Meta, and Tiktok are facing challenges of user usage and stickiness loss.
Whether content creators have an excellent income-sharing mechanism in the future will determine the rise and fall of the platform, and SocialFi is definitely one of the key development tracks of the industry next year.
…Chen’s full「 2023 predictions 」
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Jamie Lin / AppWorks Chairman and Partner
- By the end of 2022, AppWorks Accelerator has accumulated 106 active startups and 221 entrepreneurs from the Web3 field, with a combined annual turnover of $1.8 billion.
- The combined annual turnover of all new startups in the ecosystem exceeds $15.2 billion, with an annual growth rate of nearly 10%.
- The scale of three venture capital funds under management is 212 million US dollars.
Lin’s 2023 predictions and observations:
After a wild second half of 2022, web3 has officially entered a bear market. At the same time, true believers and founders in the space are refocusing their efforts on building.
Over the past two bear market cycles, we witnessed the emergence of category-defining platforms and applications such as Ethereum, Uniswap, and NBA Top Shot, many of which have had a huge impact on web3’s growth as an industry as well as human society as a whole. I believe that this bear market will be no exception, with new innovations for the next cycle already being built today.
…Lin’s full「 2023 predictions 」
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Brian Lu /Infinity Ventures Crypto（IVC）Founding Partner
- In Q1 of 2022, IVC announced that it has completed a fundraising of 70 million US dollars, aiming to accelerate the innovation and development of the global GameFi, DeFi and Web 3 fields.
- IVC has invested in nearly 180 companies, covering markets in Taiwan, Southeast Asia, Europe and the United States, including YGG, XY Finance, and Lootex.
- One of the most active funds in the Asia-Pacific region. Investment partners include: Circle, Digital Currency Group, Animoca Brands, Fengxing Capital and Xinyuan Capital…etc.
Lu’s 2023 predictions and observations:
2023 will be a year for building and where projects will have to show that they can generate revenue and have a plan to profitability.
…Lu’s full「 2023 predictions 」
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Ivan / RED BUILDING CAPITAL（RBC）Co-Founder
- The first venture capital company in Taiwan to focus on the integration of blockchain forward-looking technology and digital technology.
- Accumulated investment in more than 40 projects, including: Klaytn, a blockchain project made by Kakao Talk, InsurAce, the second largest DeFi insurance agreement in the world…etc.
- Good at early investment and incubation projects, and created the only project Dappio in Taiwan with the fastest fundraising speed, raising more than 10 million US dollars in three months.
Ivan’s 2023 predictions and observations:
Still expecting for another 1.5 year bear market. Not only crypto but also macro economy. There would be some gems to be found in entire year. I’ll try to find them out and deploy. Time to head down and build like old times!
…Ivan’s full「 2023 predictions 」
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Justine Lu / Lootex Co-Founder & CEO
- One of the largest NFT markets in Taiwan, announced the completion of a $9 million seed round of funding early 2022. Investors include: Spartan Capital, IVC, LD Capital, Polygon Studio…etc.
- Cooperating with more than 80 blockchain games, including Playermon, Kryptomon, Zeeverse, Block Monster. There are thousands of NFT malls to browse, and more than 80,000 monthly active users.
- At the end of 2022, host the blockchain international forum「NFT Taipei」and blockchain week, attracting more than 100,000 participants, and the speakers include representatives Vitalik and Yat…etc.
Lu‘s 2023 predictions and observations:
Due to LUNA and FTX events, in 2023 people will pay more attention to the concept of “decentralization”, DeFi services should attract a new wave of adaptors.
The rise of Midjourney and ChatGPT also incubated many co-creation ideas with AI, spawning the “AI Communicator” positions. It’s bound to bring more AI + Blockchain application projects, and NFT circle will have new use cases.
…Lu’s full「 2023 predictions 」
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Pochang Wu / OurSong Co-Founder
- American music king John Legend became the co-founder of OurSong at the beginning of 2022, preparing to enter the overseas market.
- Taiwan NFT market who has assisted the most musicians, celebrities, and KOLs to issue NFT, successfully promoting NFT to the general public quickly.
Wu’s 2023 predictions and observations:
AI creation tools are rapidly developing and being integrated into digital content creation processes. After the Midjourney and ChatGPT whirlwind, AI has become a tool that can directly deliver results in content creation, rather than just assisting as it has in the past.
Based on current development rates, it is likely that AI-generation products of more complex content types such as video, music, and 3D will be widely commercialized in the near future, and AI will be greatly integrated into content production processes, including the development of NFT and related IPs.
…Wu’s full「 2023 predictions 」
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Enoch Ho / OneOffs Co-Founder
- Hosted the international art fair “OneOffs NFT” for two consecutive years, creating a boom of more than 70,000 visitors.
- Successfully invited NFT blue-chip projects, such as: Nike’s RTFKT, master Takashi Murakami’s CloneX, BAYC’s PARTIST…to participate in OneOffs NFT.
Ho’s 2023 predictions and observations:
2023 people focus on the following areas: wallet and market infrastructure, NFT mobility services, SocialFi, DEX, NFT products of mainstream brands…etc.
OneOffs believes that disruptive innovation will eventually create more opportunities for future market, NFT art generation tools are also one of the fun tools of 2023, NightCafe Studio , NFT Art Generator, AppyPie NFT Generator , Hotpot.ai , SketchAR , Fotor, etc. Look forward to these teams developing better Web3 experiences and NFT products next year.
Ho’s full「 2023 predictions 」
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MashBean / FAB DAO Co-Founder
- Established Formosa Art Bank(FAB)and launched Taiwan’s largest public welfare NFT fundraising project “Project percentage”
- FAB DAO takes the promotion of blockchain public welfare as its primary goal. Believe that web3 tools can change the digital life style from bottom to top.
MashBean’s 2023 predictions and observations:
In 2023, four seemingly abstract and complex terms will come closer together: Decentralised Idendity (DID), Soul-Bound Token (SBT), Decentralised Autonomous Organisation (DAO) and Quadratic Voting. The infrastructure of the blockchain world is maturing, and large-scale capitalist-style parties using capital as fuel will be slowdown in 2023.
Until bull market coming back, private public investment will grow slowly. In this context, how to “efficiently” allocate public funds will be an important issue. Private foundations such as Etheruem Foundation, RadicalxChange, Gitcoin, Protocol Labs, and others are rapidly developing new models of public finance distribution.
…MashBean’s full「 2023 predictions 」
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Annie Yi / Theirsverse ambassador
- Co-founded Theirsverse In 2022, the first NFT project supporting LGBT, and sold out in a short time.
- Established the Young Artists Foundation to support more artists to go international and Web3.
- A very influential and well-known Web3 artist and builder in Asia.
Yi’s 2023 predictions and observations:
The whole world knows that blockchain technology and the metaverse must be the way forward. After all the participants know about the instability of crypto market, governments need to pay attention to the balance between liberalisation and regulation, and investors in general are becoming more rational after the shocks.
I am personally very positive and optimistic about the future. Only a mature market and participants can be extremely constructive in the long run. The good news is that ongoing projects like Theirsverse can be supported in bear markets and make the creator economy more positive. Spring 2024 will definitely come.
...Yi’s full「 2023 predictions 」
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Shawn Yue / ZombieClub Founder
- Cooperated with Christie’s to hold the “No Time Like Present” NFT art online auction, with a total turnover of about 430 million, setting the highest online auction record in Asian history.
- Co-founded the NFT project Zombie Club, which was sold out in less than 2 minutes as soon as it was launched, and once became the Opensea sales champion, with cumulative sales exceeding 13,000 ETH.
Yue’s 2023 predictions and observations:
For example, Artblock’s collection of derivative digital creations has been rising in the bear market since 2022.
The motivation for buying will shift from “short-term speculation” to “long-term appreciation and collection,” and spending habits will become more in line with the traditional art market. Collectors will also gradually lengthen the holding period of their purchases.
…Yue’s full「 2023 predictions 」
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Alex Liu / MaiCoin Founder & CEO
- MaiCoin is Taiwan’s oldest digital asset trading group, providing virtual currency trading services. Its business includes MaiCoin platform, MAX Exchange, MaiCapital, and AMIS.
- MAX is the first exchange to hand over user funds to bank trust insurance. Its AMIS is one of the founding members of the Enterprise Ethereum Alliance. In 2017, JP Morgan’s Ethereum platform Quorum announced the adoption of AMIS’s Istanbul Byzantine consensus algorithm.
Liu’s 2023 predictions and observations:
In the short term, trader behaviors will appear risk-averse, taking a more cautious and conservative approach to related investments, and focusing on essential blockchain applications, such as the optimization of algorithms that creates solutions for energy-efficient mining farms.
Recently, Vitalik Buterin proposed the concept of Soulbound Tokens, an excellent case for exclusive memberships. On the premise of not interfering with fiat currency, custodial stablecoins will allow for more efficient transnational businesses, and the realization of digital currency payment will generate new blockchain values in our daily lives.
...Liu’s full「 2023 predictions 」
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Titan Cheng / BitoGroup Co-Founder & CEO
- Bito Group is the oldest exchange in Taiwan with 800,000 effective members. It owns BitoEX wallet and BitoPro exchange.
- Develop the original patented TT Check gift card to realize more diverse application levels of virtual currency.
Cheng‘s 2023 predictions and observations:
With the support of blockchain and cryptocurrency technology, Web3 and the metaverse are expected to bring innovative services and business models. New opportunities are brought to traditional centralized network services, and innovative services and business models are created via community governance and sharing. Therefore, Web3 has gained the attention of enterprises and is actively being deployed in the market.
On the other hand, following the gradual development of applications and cryptocurrency becomes more prevalent and accepted in various industries, the traditional investment institutions are expected to enter the cryptocurrency market, regardless of how cryptocurrency will be recognized in accounting standards or if other assets will be replaced by cryptocurrency, especially in terms of liquidity.
...Cheng’s full「 2023 predictions 」
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Ran Yi / Orderly Network Co-Founder
- Orderly Network’s seed round of financing received: Pantera Capital, Sequoia Capital, Dragonfly Capital, and Jump Crypto…and other top capital investment of 20 million U.S. dollars, and the current valuation is about 200 million U.S. dollars.
- Orderly Network is a DeFi infrastructure protocol built on the Near blockchain, allowing projects to build DeFi applications and bringing them high throughput, low latency, low fees and composability.
Ran’s 2023 predictions and observations:
The year 2022 has been full of significant, thought-provoking events. From global geopolitical tensions to the collapse of public faith in centralized financial institutions, we were reminded that the future belongs to decentralization.
Looking ahead, DeFi will continue to be one of the hottest topics in 2023, and is confident that more builders will join Orderly Network in this journey. There is excellent potential for decentralized trading protocols and gaming protocols with trading attributes.
...Ran’s full「 2023 predictions 」
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JOSH / BINGX Director of Investment Research Strategy
- BingX officially broke through the 5 million user mark in 2022, and announced the launch of the “Signal Trading” tool, which can receive signals from third-party platforms such as TradingView and automatically execute perpetual contract transactions.
- During the four years since its establishment, BingX has had no information security theft incidents, creating a history of zero wallet theft, and has established a security audit relationship with third-party authoritative organizations such as CERTIK.
JOSH’s 2023 predictions and observations:
After the collapse of FTX, DeFi will go mainstream, and the DeFi regulation will enter into next stage. Conditional DeFi will emerge to meet anti-money laundering, AML/KYC regulations, etc. However, considering that DeFi was still immature in 2022 with low capacity utilization, the new type of DeFi will gradually improve this situation and the way that DeFi will be used more efficiency in larger scale is brewing.
GameFi will gradually get rid of the Ponzi Scheme. NFT will be integrated with Game more closely. Sandbox led by Yuga Labs will continue to develop the metaverse infrastructure and the decentralized identifier (DID) authentication will continue to be explored and applied in DeFi and Metaverse.
…JOSH’s full「 2023 predictions 」
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Chaoming Cho / Bincentive Co-Founder
- Bincentive launch the innovative investment NFT service “InvestNFT” in 2022. And cooperated with MasterLink Securities to launch NFT Demi Trader, a new type of derivatives that combines securities investment, cryptocurrency and non-homogeneous tokens.
- Its DeFi farm accelerator Hotpot.finance pushes CEX out to DEX services.
Cho’s 2023 predictions and observations:
1) Investors will pay more attention to the management of asset security and risk diversification, and major cryptocurrency exchanges and asset service providers will also strengthen relevant mechanisms in this regard. At the same time, it is observed that some institutions in the industry have expressed that they will more actively seek opportunities to be included in the regulatory compliance.
2) Many countries may adopt a more active regulatory mechanism for the cryptocurrency industry.
…Cho’s full「 2023 predictions 」
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David Pan / ACE Exchange Founder
- ACE won the “Best Centralized Exchange” in the 4th blockchain value authoritative list, and has cooperated with KPMG to prevent money laundering for three years.
- As the CEO of Asia Blockchain Accelerator (ABA), he has driven Taiwan’s blockchain output value to 10 billion in two years.
Pan’s 2023 predictions and observations:
Before Q3, in fact, the main negative narrative in the market was that DeFi was hacked. The total amount of hacks even surpassed last year’s bull market, and “more than 60% came from cross-chain protocols.” Even Ethereum founder Vitalik was also pessimistic about the technical bottleneck of the cross-chain bridge.
But on the other hand, we can see that whether it is zk-EVM or Optimistic Rollup and other layer 2 expansion solutions have made great progress this year. After the merger of Ethereum, it also plans to import the expansion solution EIP-4844 into the next major upgrade. All of these will help to further reduce gas fees, thereby promoting the large-scale popularization of blockchain applications.
…Pan’s full「 2023 predictions 」
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Dr. JU-CHUN（dAAAb）KO / Dentsu Web3 Growth Consultant
- The host of Podcast “寶博朋友說“, 168 episodes have been launched so far. The well-known KOL in the Chinese world brings the popular science knowledge of blockchain and NFT to the audience through interesting dialogues.
- Graduate of “Singularity University”, an school jointly run by Google and NASA
KO’s 2023 predictions and observations:
Last year, my predictions about businesses and brands entering the market and marketing already came true. For 2023, it will be the year of institutional entry and we will see more large institutions enter into blockchain construction, deposit service, and talent cultivation.
The confidence shockwave of year 2022 will gradually come to an end and look forward to the halving of Bitcoin at the end of 2024.
…KO’s full「 2023 predictions 」
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lan Hsu / EM3 DAO Founder
- EM3 community gathers many powerful and influential KOLs in Taiwan, and is committed to early discovery of technological trends and investment opportunities.
- Connect with numbers of international emerging potential projects (Impossible Finance, GuildFi…), enter the Taiwan market and investment community.
Hsu’s 2023 predictions and observations:
The FTX incident highlighted that weaknesses in internal management can lead to bankruptcy, which could prompt governments worldwide to implement stricter regulations for the industry. The industry has entered a financial winter.
In 2022, a number of projects announced their closure due to insufficient operating capital or failed fundraising efforts. In 2023, it is likely that we will see even more projects declare bankruptcy (or be impacted by the FTX event). On the other hand, there may also be an increase in acquisition cases. Therefore, it is crucial to carefully assess the holdings in one’s portfolio and determine if they have sufficient capital and profitability to sustain operations.
…Hsu’s full「 2023 predictions 」
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Jacky Wang / Shibuya.xyz & Bu Zhi DAO Co-Founder
- Co-founded Shibuya.xyz, a decentralized video creation platform, with artist Pplpleasr, and received a capital injection of $6.9 million from a16z and Variant Fund, with a valuation of $50 million.
- Founded Bu Zhi DAO (BZD), a group of overseas Chinese Taiwanese Web3 entrepreneurs, including top industry figures from Coinbase, Avalanche, Solana, Opensea, etc.
- BZD host the Taipei Blockchain Week conference during 2022.
Wang’s 2023 predictions and observations:
Bear market is the best time to build new technology, applications and community with less noise and only the people who are in the space to build stick around. DAOs and communities who build together will be able to maximize impact such as what we did with Taipei Blockchain Week, the first web3 international conference in Taiwan hosted by a DAO.
I anticipate some innovation in the ZK, DID, DAO space and hope to see impactful progress in the public goods space as well. Love to see more solid infrastructure integration of web3 to lay the foundation of seamless improved experiences for real world mass adoption use cases.
…Wang’s full「 2023 predictions 」
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Chris Chang / mrblock Founder
- Founded the “Mr. Block”, one of the earliest self-media representatives in Taiwan to promote blockchain, DeFi and other topics.
- Curve.Fi evangelist, runs Curve’s largest Chinese community.
- Infinity Ventures Crypto – Venture Partner
Chang’s 2023 predictions and observations:
DeFi will continue to grow and solve some problems of CeFi.
Most of the major crashes in 2022 are a reflection of human nature, not technology shortcomings.FTX, Voyager, BlockFi, Celsius, Genesis…etc.The need for DeFi is more stronger than ever.
Nothing is too big to fail, no matter who it is. (government or top investors or celebrities)
..Chang’s full「 2023 predictions 」
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BrainBroCrypto / Brainbrocrypto YouTuber ＆ Chinee Founder
- Chinese blockchain popular Youtuber, the total number of channel viewers has exceeded 5.17 million.
- Committed to popularizing blockchain and sharing industry analysis. An important blockchain evangelist in Taiwan
BrainBroCrypto’s 2023 predictions and observations:
Only a long enough bear market can exclude those over-packaged and inflated projects for the industry. We might not be able to start the next bull run before the end of 2023, but the downside potential of Bitcoin and Ethereum is expected to be limited.
Decentralized Finance (DeFi) will matter a lot more. Traditional financial giants such as Fidelity, Paypal, and Blackrock will continue to launch cryptocurrency-related products and services.
Social media leaders like Meta and Twitter will continue to integrate NFT and crypto payments more actively. If the previous bull run was driven by completely innovative financial and digital assets, the next one would probably be driven by the largest financial and tech companies in the major market.
…BrainBroCrypto’s full「 2023 predictions 」
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Raysky / Raysky’s Investment Founder
- Raysky’s Investment is a popular blogger in Taiwan. He has been exposed to cryptocurrencies since 2016. In 2018, he began to share knowledge about US stocks and cryptocurrencies on his blog.
- In 2020, he was selected as Binance’s official partner KOL “Binance Captain”.
Raysky’s 2023 predictions and observations:
– 2023 General Economic Conditions: In an environment where the Federal Reserve continues to raise interest rates, it is more difficult to see bears turning into bulls unless the rate of interest rate hikes starts to slow down.
In terms of characteristics, cryptocurrencies are more aggressive growth stocks. A bull market can still bring up this P/E Ratio, but a bear market will be a cold winter, so we see that Tesla, the king of US stocks in these years, has already started to reduce/shut down its factories and its stock price has fallen heavily.
Before the U.S. stock market is up, it is unlikely that the currency world will rise, so it is most important to work hard and accumulate funds during this time. When the bull market returns, there will not be just one wave, so you don’t have to rush to eat the head of the bull market.
…Raysky’s full「 2023 predictions 」
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Cryptor / Murmurcats Co-founder & CEO
- Since its establishment in 2021, the “Murmurs of a Million Cryptocurrency Traders” podcast has ranked first in the business category for cryptocurrency podcasts, with over 500 ratings and an average of 4.9 or higher stars. It has listeners in 64 countries around the world.
- He founded the Murmurcats, a community of 10,000 NFT enthusiasts that brings together top traders and investors in Asia for investment discussions. The NFT floor price for Murmurcats is still 5.1 ETH, and the Opensea listed rate is only 2%.
Cryptor’s 2023 predictions and observations:
In 2023, due to the impact of the FTX incident, centralized exchanges will accelerate the process of transparent financial situation. In addition to continuing to communicate with traditional accounting firms on how to audit, they will also explore decentralized ways of conducting third-party audits, such as through consortium blockchains of multiple exchanges, to give users peace of mind. Users will also store and trade cryptocurrency in multiple exchanges and cold wallets, similar to how they diversify risk by holding accounts at multiple banks and brokers in the traditional financial system.
On-chain custody, clearing, and decentralized exchanges will also receive more attention. Protocols that enable users to have an experience on the chain that is closer to that of a centralized exchange are worth noting.
…Cryptor’s full 的「 2023 predictions 」
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Harry Lee / Youtuber&NFT collector
- Youtube channel “Harry Lee” has 163,000 subscribers, actively shares cryptocurrency and NFT, and has a large fan base in Taiwan.
- Early BAYC Evangelists
Lee’s 2023 predictions and observations:
Gamefi and the metaverse will be the next big race. With Yuga labs’ further promotion and construction of metaverse, there should be a revolutionary change within 2 years, which may change the whole social media status and enter the era of social media 2.0.
…Lee’s「 2023 predictions 」
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Leo Peng / Taiwan Blockchain Academia(TBA) President
- TBA currently has 30 official club/laboratory/research center members from universities across Taiwan, focusing on four areas: academia-industry collaboration, research and education, career development, and international exchange. It leads thousands of students and members of the public each year to understand blockchain and its applications.
- TBA is renowned for its research group, including Blockchain Financial Law Group, Smart Contract Practice Group, and On-chain Data Research Group. In 2022, the TBA became a member of the United Nations Framework Convention on Climate Change (UNFCCC) and its subgroup, YOUNGO, contributing to the promotion of climate action issues.
Peng’s 2023 predictions and observations:
1. The FTX incident has led to a tightening of global virtual asset financial supervision policies. In 2023, regulatory bodies will have a stronger motivation to scrutinize and regulate Virtual Asset Service Providers (VASPs) that exhibit financial industry characteristics with a degree of intensity approaching that of the financial industry, especially in the areas of anti-money laundering, investor protection, consumer protection, and even Web3 infrastructure, legal compliance consulting and technical services will receive more attention.
The dialogue between the development of emerging technology applications and the degree of supervision will be a hot topic in 2023. Debates will continue, and the industry will spontaneously or be forced to form self-regulatory organizations. NGOs will become even more important and will influence the development pattern for the next few years.
…Peng’s full「 2023 predictions 」
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Chen Mei-ling / Taiwan Blockchain Alliance Organizer
- Establish a training system for blockchain development and technologies with multiple incubators and organizations to promote blockchain development in Taiwan.
- Promote Taiwan Blockchain Service Platform (BaaS) and T-Road (cross-machine data transfer service), a project of National Development Council.
- Promote carbon emission reduction regulations and assist enterprises to use blockchain for carbon inventory.
Chen’s 2023 predictions and observations:
Although the total global NFT market reached $12.5 billion in the Q1 of 2022, and dropped by 90% in the Q4 of 2022.
But, NFT technology has attracted more than a thousand major brands around the world to try it out, and a variety of different kinds of empowerment are happening at the same time, making NFT the most widespread application.
…Chen’s full「 2023 predictions 」
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