The ChainCatcher & RootData "Zhen" series of events successfully concluded in South Korea, where global Web3 builders discussed new opportunities in Web3

On June 5th, the "Zhen" series event co-hosted by ChainCatcher and RootData was successfully held in South Korea. This event was co-organized by CATCHERVC, Lapin Digital, and Metatao, with ETHEREUM GOLD, L2 Finance, DOEX, AI Meta Club, and EUTERPE as special supporting partners.

At the event, Sarah THIAM, Head of Developer Experience for FVM (Filecoin Virtual Machine), Jeff, Co-founder of Sei Network, Steven, Founder of Metatao, Taylor Harris, Community Lead of dappOS, and RAY GÜNDOGAN, Deputy General Manager of CoinTR, delivered wonderful keynote speeches on the theme "The New Opportunity of Web3 in Seoul."

At the opening of the event, ChainCatcher Partner Hunter delivered a speech, expressing gratitude for everyone's attention and support for ChainCatcher and its crypto data platform RootData. RootData is building a reliable and rich project database for the crypto industry, helping users comprehensively understand project teams, financing, news, and other information, and has become one of the highest-rated data products in the industry. Moving forward, RootData will continue to enrich project data and provide more diversified high-quality products and services around the goal of productivity tools.

ChainCatcher Partner Hunter

The first keynote speech was delivered by Metatao Founder Steven, who announced the launch of the first mining investment fund, Metatao Mining Investment Fund I at the event, with a total fund size planned at 20 billion KRW.

Steven stated that mining machines are the primary productive force for the development of blockchain, serving as the infrastructure for the future value internet. The future internet will be built on mining machines and networks jointly invested in by ordinary people, with operators of the future internet no longer being large companies like Tencent, Baidu, or Google, but rather individual mining pools and large miners. Tencent, Baidu, and Google will gradually evolve into application-level service providers. Metatao hopes to collaborate with more corporate partners to participate in the investment and construction of future internet infrastructure.

Metatao Founder Steven

Next, Sarah THIAM, Head of Developer Experience for FVM (Filecoin, shared the FVM development roadmap and basic tutorial during her keynote speech.

FVM (Filecoin Virtual Machine) Head of Developer Experience Sarah THIAM

Sarah mentioned that the Filecoin Virtual Machine (FVM) launched this year has fully achieved compatibility with EVM, and the upcoming development plans include storage transaction aggregation standards, storage transaction replication, repair, renewal standards, local WASM execution, and providing more partner integration virtual machine tools. Additionally, she elaborated on how FVM can be specifically applied using Biscuit DataDAO as a case study.

Filecoin is a distributed cloud storage network with over 20 EB of capacity. Since 2014, Filecoin and IPFS have provided useful and popular storage and retrieval functions. This year, the Filecoin Virtual Machine (FVM) was launched, now offering programmable storage, unlocking the potential for network-scale application development. In the future, FVM will introduce computation to data after Filecoin builds the world's largest distributed storage network to support network-scale applications.

Regarding infrastructure, Jeff, Co-founder of the public chain [Sei Network](https://www.rootdata.com/zh/Projects/detail/Sei Network?k=Mjc5MA==), also shared his views, stating that blockchain, as the infrastructure for digital asset trading, still faces multiple transaction challenges such as non-scalability, congestion, and slow transaction speeds. Sei is committed to overcoming these challenges and becoming the "highway" for any digital asset trading activity globally.

Sei Network Co-founder Jeff

Currently, Sei's technological advantages are mainly reflected in the following three aspects: Sei's Twin Turbo consensus mechanism allows block confirmation times of only 300ms; market-based parallelization enables Sei to achieve 10 times the throughput of high-performance chains during operation; and Sei uses frequent batch auctions to resist MEV, ensuring that transaction ordering within batches does not affect prices.

Additionally, Jeff announced the latest progress of the Sei testnet, which currently has over 6.7 million unique wallet addresses, processed over 260 million transactions, and has more than 150 collaborative projects in its ecosystem.

In the second half of the event, Taylor Harris, Community Lead of dappOS, opened by introducing the founding purpose of dappOS and envisioning the development trends of crypto infrastructure. He stated that dappOS is a Web3 operating protocol that creates a layer between users and public chains, cross-chain bridges, and other crypto infrastructures, aiming to make dApps as user-friendly as mobile applications.

dappOS Community Lead Taylor Harris

Taylor Harris believes that there will be numerous opportunities in Web3 over the next five years, covering areas such as supply chain management, financial services, health management, identity management, energy and sustainability, governance and voting, intellectual property management, and decentralized content distribution.

Finally, Yakup DEMİR, Deputy General Manager of the Turkish cryptocurrency exchange CoinTR, shared CoinTR's development achievements and strategic planning. He stated that CoinTR has established its headquarters in Maslak, the central business district of Istanbul. CoinTR is the first exchange in Turkey to directly cooperate with two state-owned banks, VakıfBank and Ziraat Bank, and completed the filing with the Turkish Financial Crimes Investigation Board in May 2021, preparing to apply for Turkish compliance licenses. Currently, CoinTR has accumulated over 2 million users, with a daily trading volume reaching 300 million USD.

CoinTR Deputy General Manager Yakup DEMİR

CoinTR has gathered the wallet security teams of the three major exchanges globally and over 100 product and technology experts, with about 80% of its employees having more than three years of experience in leading exchanges worldwide. The team also includes members from banking regulatory and supervisory agencies and the Turkish national investment agency.

Additionally, Yakup mentioned that CoinTR is currently preparing to enter the Asian market, especially the South Korean market, and is expected to further enhance its global market competitiveness in the future.

After the exciting keynote speeches, the "Zhen" series event hosted by ChainCatcher and RootData successfully concluded in South Korea amidst enthusiastic free exchanges among the attending guests. Everyone is welcome to continue following the series of events by ChainCatcher and RootData.