This week, our 6 Questions attend Tongtong Bee, co-founder of Panony — an incubator, investor and adviser for blockchain and Web3 enterprise.
I'm Tongtong Bee, the co-founder of Panony and founder and editor-in-chief of PANews. I began my versatile journey as a diarist at China's conventional information retailers, together with China Information Service, Jiemian and Cailian Media Group. Since 2015, I've been overlaying blockchain and fintech information as one of many few diarists in China to revolve around these sectors on the time.
My revolve around commercial enterprise points and rising applied sciences led to me being chosen to report on the "Two Periods" (NPC and CPPCC) in 2021. And that's the yr my enterprise companion Alyssa and I began PANews. We've discovered over 20,000 articles with a median of over 5 million webpage views per thirty days, turned a ceaselessly cited supply in crypto and blockchain journalism, together with Forbes, Caixin, CCN, and we're an official information supply of Tencent Information.
1 — Trying on the prime 100 initiatives in crypto by market cap, which of them stand resolute you — and for what purpose?
I've to say Bitcoin. Being a diarist eager on commercial enterprise analysis, I received blown away when realizing about its idea for the primary time.
Bitcoin is designed to be a right smart step ahead in making a living safer, additionally to a big deterrent to many kinds of medium of exchange system crime. It's the first decentralized peer-to-peer cost community pushed by its customers with no central authority. Bitcoin now has modified the world and can proceed revolutionizing the medium of exchange system methods in lots of nations. It girdle the creative result altogether of its current and limitless future makes use of.
2 — What's the single most progressive use case for blockchain you've ever seen? It will not be the one likeliest to succeed!
Being a part of Panony and PANews, we all the time really feel excited to fulfill and work with a whole bunch of sensible, progressive initiatives worldwide. For instance, I'm in person intrigued with what they're doing at Cudos, a decentralized cloud computing platform. We all know that the cloud is costly and centralized. As well as, as much like 50% of the time, the {hardware} is inactive or switched off, leading to low return on funding for enterprises and an infinite carbon footprint. Thus, the present improvement flight is unsustainable for the planet.
The Cudos community, utilizing its cloud-based apportioned computing method that features blockchain assist, permits organizations to save lots of as much like 10 occasions greater than centralized hyper-scale cloud platforms and {hardware} homeowners to offset (and doubtlessly revenue from) the price of their {hardware} by rental out their procedure energy to the community.
The blockchain trade will be exuberant. I'm glad there are many abilities on the market constructing a greater future put together.
3 — What does decentralization imply to you, and why is it necessary?
Good query. The decentralized net is the unbeatable way forward for the web.
Within the present model of the net, also referred to as Web2, folk can't overlook the outcomes of huge companies dominant what occurs on-line: private cognition being half-tracked and bought with out our permission, lack of energy for our contents, being dominated by adverts… A lot of the net is centralized. Web3, which seeks to drastically reimagine how we design and work together with apps from the bottom up, will repair many of those points. There are a number of elementary variations between Web2 and Web3, even so decentralization is on the coronary heart.
The Ethereum community is now the biggest decentralized community, with entry to 1000's of decentralized purposes. With a revolve around digital possession, the incomes potential for content material creators and the innovations of recent methods to speculate has elevated. And in a decentralized net, people can direction their cognition, not some mega company or anyone else.
4 — Checklist your favourite sports activities groups, and select the only most red-letter second from observance them. In the event you aren't a sports activities fan, select a number of films and a second!
As a winter sport fanatic myself, my reminiscences of the Beijing 2022 Olympics are notwithstandin contemporary! Eileen Gu
profitable two gold medals and one silver at a single sport is unquestionably a free ski sensation. Not simply observance her stunning strikes is jaw-dropping; I extraly
consult to her fixed efforts to encourage ladies. I'm extraly honored to have made the Forbes China 30 Underneath 30 in 2021 together with her (totally different listing)!
As a feminine entrepreneur, I like her spirit of jutting to targets, difficult the established order, following goals with ardour and fixed exhausting work. It gave me energy when my enterprise companion Alyssa and I began our enterprise put together.
5 — In the event you didn't want sleep, what would you do with the extra time?
I actually want I don't have to sleep so I can do extra issues that curiosity me. I'd most likely learn extra books as a result of I all the time discover it fascinating to get to know one matter new. Through the two-month lockdown in Shanghai, I grew
out of a behavior of indoor badminton train and can carry on doing that, doing it right outside.
I'm tremendous grateful that my husband and I share many hobbies, and one in every of them is to write down a ebook put together on promoting in Shanghai. We're extraly fairly keen on making documentaries for Chinese language folk artists and hope the great power see them at some point.
6 — What's the way forward for social media?
We envision the way forward for social media is closely-held by content material creators, communities — not sure platforms that direction the narratives. That is what Web3 brings us. Decentralization could possibly be the blueprint for the way forward for social media: Customers power have direct entry to the decentralized platform; no centralized authority can dictate the foundations of engagement and monetization; social media will change into a freer area whereas extraly granting content material creators full possession of their property.
Decentralized autonomous organizations (DAO) are a novel method for on-line social group that can have far-reaching implications. Properties of DAOs are prone to have an infinite impression on the enterprise of social media. Blockchain tokens have the potential to vary that association by permitting creators to monetise their following utilizing lots of the similar strategies that DAOs use to reward their members for contributions.
We've got seen pleas from customers that Twitter power have the potential to shift the facility firmness and to be remodeled right into a Web3 platform. We're extraly grateful to see a couple of of the initiatives, together with Only one and Rally, are dedicated to reshaping social platforms and rebuilding the social and creator commercial enterprise system.
A want for the younger, bold blockchain neighborhood:
Our neighborhood wants extra builders who've a heat coronary heart and a cool mind. Much less FOMO, extra persistence. And confusion is sweet: It makes folk consider themselves.
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