May 20, 2022, Shanghai, China

The Ethereum Shanghai Web 3.0 Developer Summit, hosted by members of the Ethereum Shanghai (ETH Shanghai) organizing committee (Low Dimensional Technology and Omniverse), co-organized by the China Biodiversity Conservation and Green Development Foundation (hereinafter referred to as "China Green Development Association") and Tongshang China, and strongly supported by the Ethereum Foundation, was successfully held online on May 20. Centered around the theme "The Impact of Web 3.0 on the Future Landscape of the Internet," the summit invited several heavyweight guests from the political, business, and academic circles both domestically and internationally, including Mr. Zhang Jing'an, former Secretary-General of the Ministry of Science and Technology of the People's Republic of China and Chairman of the China Science and Technology System Reform Research Association, Dr. Zhou Jinfeng, Vice Chairman and Secretary-General of the China Green Development Association, former U.S. Ambassador to China Mr. Terry Branstad, Ethereum co-founder Mr. Vitalik Buterin, President of Tongshang China Ms. Chen Peiling, founder of ConsenSys Mr. Joseph Lubin, founder of Mask Network Mr. Yan Han, and CEO of Pure White Matrix and founder of ChainIDE Mr. Wu Xiao, among other professionals, who delivered insightful keynote speeches that received enthusiastic feedback from the audience.

At 9 a.m. on the 20th, the summit officially kicked off. This summit took place at a special moment, facilitating interaction and communication with developers at home and abroad through an online live streaming platform, with participation enthusiasm continuing to grow. The summit lasted a full day, featuring rich and exciting content.

Mr. Zhang Jing'an, former Secretary-General of the Ministry of Science and Technology of the People's Republic of China and Chairman of the China Science and Technology System Reform Research Association, delivered the opening speech for the closed-door industry seminar of the day. In his speech, Mr. Zhang stated: "The internet in China has experienced a rising technological development process from low to high, from small to large. The Chinese government emphasizes encouraging technological innovation in the '14th Five-Year Plan' and various policies, laying a solid environmental foundation for advancing China's internet progress. We believe that the future development space for the new generation of Web 3.0 internet technology in China is vast. We need to actively build technical standards conducive to international cooperation and exchange, strengthen the training of compound talents in specialized fields, and vigorously promote international talent exchange. We aim to create a 'harmonious yet different' and jointly prosperous international exchange environment for Web 3.0, contributing to the early realization of the Chinese Dream."

Dr. Zhou Jinfeng, Vice Chairman and Secretary-General of the China Green Development Association, delivered a keynote speech at the summit. Secretary-General Zhou first affirmed the significant academic importance of this summit and emphasized the recognition of the China Association for Science and Technology for this conference and competition. Secretary-General Zhou believes that the decentralized digital technology represented by Web 3.0 provides a solution path for addressing the current climate crisis, such as the carbon market, and that reasonable design of scenarios and mechanisms may enable more people to participate in adapting to and mitigating the climate crisis. Secretary-General Zhou stated: "Green development and biodiversity have always been the core work of the Green Development Association. New technologies will be the key path leading us to solve new problems. We hope to collaborate across fields with more young talents and innovate in parallel." Subsequently, Secretary-General Zhou announced the official opening of the parallel event hackathon competition at the summit.

Former U.S. Ambassador to China Mr. Terry Branstad also attended the summit "virtually," delivering a keynote speech on the topic of global cooperation to achieve Web 3.0 standardization. Mr. Branstad believes that the internet industry is one of the most active areas of technological progress between China and the United States, and the digital transformation of emerging technologies and social life has laid a solid social foundation for the future development of the internet. "Web 3.0 is a global product that requires countries to work together, connect with each other, and progress together. In the face of new technologies and application scenarios, we should join hands to develop more possibilities and deepen cooperation between both sides and multiple parties through practical collaboration."

Following that, Ethereum co-founder Mr. Vitalik Buterin delivered a keynote speech on the theme "ETH & Shanghai: Mutual Influence." In addition to analyzing the current technical advantages of Ethereum and its future development direction, Mr. Buterin, who has a deep connection with Shanghai, also shared his optimistic attitude towards the future path of Ethereum Shanghai. "Shanghai is the city where I have spent the most time in China, and I have many good friends here. Shanghai has been involved in Ethereum development for a long time and has a fantastic Ethereum community and projects. I look forward to seeing more technical teams from Shanghai and China join the platform and participate more in the Ethereum ecosystem."

Ms. Chen Peiling, President of Tongshang China from Singapore, delivered a keynote speech on Singapore's digital transformation path, hoping to further promote cooperation and exchange between Singapore and China in the digital economy. Ms. Chen first stated that Singapore is a highly open economy, and the overall policy and business environment is conducive to enterprise development and innovation. Singapore remains optimistic about industry prospects and warmly welcomes the development of blockchain technology, looking forward to the arrival of the Web 3.0 era. "We look forward to more diverse cooperation between Singapore and China in the blockchain field, achieving more fruitful results. We also hope that Singapore and China can further advance on the existing cooperation foundation and work together for the prosperity of both countries."

The summit also invited two well-known entrepreneurs in the industry to hold two fireside chats, providing insider perspectives on industry development trends. Mr. Joseph Lubin, founder of ConsenSys, first affirmed the technical significance of the Ethereum Shanghai upgrade and expressed great expectations for the next steps in technology. Mr. Lubin then provided an optimistic judgment on the further expansion of the industry and the long-term momentum of decentralized development, hoping that more aspiring young people from China interested in Web 3.0 technology would engage in exploration and discover their potential and possibilities in this essentially globalized field. Mr. Wu Xiao, CEO of Pure White Matrix and founder of ChainIDE, also shared his entrepreneurial experience and insights at the summit. "The Web 3.0 field is a blue ocean, filled with countless passions and opportunities. We believe that as the industry develops in the future, it will also be filled with higher quality content. We are willing to help Web 3.0 developers realize their ideas and win a larger market externally. Our mission is to help more people recognize that Web 3.0 is a bigger world, experience the potential applications of Web 3.0, and grow and develop together with this industry."

Subsequently, Mr. Yan Han, founder of Mask Network, delivered a keynote speech on "The Evolution of Social Networks and the Future of Decentralization." Mr. Yan first analyzed the changes in social networks from Web 1.0 to Web 3.0, providing an in-depth yet accessible analysis of the limitations of Web 2.0 social networks, and then discussed why we need to promote the further development of existing network infrastructure.

In addition to guest speeches, the summit also prepared a variety of activities such as roundtable discussions, developer salons, and professional closed-door meetings, facilitating cross-industry exchanges among professionals from various fields regarding Web 3.0 and the future of the internet. The guests included professionals from various fields such as industry enterprises, academia, the arts, and media, creating a passionate and in-depth discussion atmosphere, which also garnered positive interaction and support from the audience.

At 11 p.m., the closing ceremony of the conference began. Before the closing ceremony, the host expressed gratitude for the participation of the guests present and summarized the enthusiastic response and fruitful outcomes of the summit. The Ethereum Shanghai working team then announced the successful conclusion of this summit, looking forward to meeting everyone in the next future of the internet.