Futu Securities Senior Vice President: Ethereum Adds Vitality Beyond "Currency" to the Crypto Ecosystem

ChainCatcher news, Futu Securities Senior Vice President Zhu Zhen wrote an article titled "Talking about the Changes from Virtual Currency to Digital Assets," in which he pointed out that with the release and implementation of the Hong Kong government's virtual asset policy, the concept of Crypto is gradually becoming popular among retail investors, and the number of industry participants is also continuously increasing. In addition to payments, the applications of Crypto in "financing, investment, and value storage" have also attracted the attention and entry of institutional investors. The release of Ethereum (ETH) has brought more possibilities for the innovative application of blockchain technology. Ethereum not only promotes the development of smart contracts but also facilitates the birth and popularization of decentralized applications (DApps), decentralized finance (DeFi), non-fungible tokens (NFTs), and initial coin offerings (ICOs). These innovative technologies and applications not only add vitality beyond "currency" to the Crypto ecosystem but also provide more investment and usage scenarios.