"Element of Wealth, Boundless Integration," on December 16, 2024, the Fourth Bay Area Metaverse Conference and Metaverse RWA, AOM Wealth Forum was successfully held in Hong Kong.
This grand event was led and hosted by the Hong Kong Blockchain Technology Application Association, with co-hosts including the United Nations Digital Security Alliance Metaverse Committee, Hong Kong International Investment Association, Futu Group, Qunshi International (00381.HK), Asia Television, and the International Data Association. Several organizations, including Zhice Network, Great Wall Calligraphy and Painting Institute, Yanyu Space, Jubi Network, Jinggang Story, and Bitlong, served as co-organizers. Hot Chain Media, World Chain Finance, and Koala Finance provided special support for the conference. Additionally, Dario Vision provided comprehensive media support and services for the event.
The conference was honored to invite heavyweight guests from government, international organizations, industry associations, and academic institutions. These guests included but were not limited to: Liu Xiaofeng, Vice Chairman of the 12th National Committee of the Chinese People's Political Consultative Conference; Chan Ho Lam, Deputy Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region Government; Lo Chok Kin, National Committee Member, Vice President of the Hong Kong Institute of Certified Public Accountants; Wang Chunhui, Director of the Digital Economy Research Institute of the United Nations World Silk Road Forum; Zheng Dingxiang, President of the Hong Kong Blockchain Technology Application Association and Chairman of the United Nations Digital Security Alliance Metaverse Committee; Ye Wenli, Executive Chairman and Secretary-General of the Hong Kong International Investment Association; Li Lizhong, Academician of the Canadian Academy of Social Sciences and the World Academy of Productivity Science; Yu Weiqiang, Chairman of Hong Kong Lianfa Securities and former Director of the Hong Kong Stock Exchange; Deng Junjie, Chairman of Honghu Capital; Cai Hengjin, Academician of the International Academy of Advanced Technologies and Engineering; Xie Zhijian, Managing Director of Futu Securities; Deng Di, Director of the Digital Economy Special Committee of the All-China Mergers and Acquisitions Association and Co-Chairman of the Hong Kong Blockchain Association; Li Ming, Executive President of the Hong Kong Web3.0 Standardization Association and Chairman of the IEEE Computer Society Blockchain and Distributed Ledger Technology Committee; Li Shangxin, Founder and CEO of Coinstreet; Xiaolu Luo, Founder of Bitlong; Li Xiumei, President of VSG Fund and Fumei Family Office; Cai Zhichuan, President of the Asia Blockchain Society; Liu Yan, President of the Hong Kong Digital Economy Industry Association; Yao Liwei, Vice Chairman of the Macao Metaverse Association; Yang Zhiwu, Director of the Technical Branch of the Shenzhen New Economy Development Research Institute; Feng Chengjiang, President of the Guangdong-Hong Kong-Macao Cultural Development Committee of the China Oriental Culture Research Association; Zhu Xinlan, President of the Guangdong-Hong Kong-Macao Greater Bay Area Business Federation; Zou Tian, President of the Greater Bay Area International Finance Federation; Fu Rao, Executive Director of the Hong Kong International New Economy Research Institute; Lu Xiangtong, CEO of the Hong Kong Big Data Exchange; Yu Jianing, President of UWEB; Axis, COO of RWA Accelerator; Xu Daobin, President of Qiyuan Society; Chen Fengjiao, Senior Researcher at the Digital Cultural Industry Innovation Research Institute of Shenzhen Cultural Property Exchange and Director of Shenzhen Hongxing Accounting Firm; Long Pengyu, General Manager of Shenzhen Yuanxi Information Consulting Co., Ltd.; Wang Dafu, Founder of Yanyu Space; Huang Yanhua, Vice President of Qifu Capital; Ma Tengfei, Executive Editor of Global Elite and President of the Mu Family Charity Promotion Association; He Wei, President of the Shenzhen Daxin Geek Association; Sheng Xuhua, CEO of Qianhai Chain Science and Technology; Zhou Junjie, Director of Qunsi De Capital; Tang Xinlian, Business Director of New City Construction Development Group; Huang Ying, Consultant of the Shenzhen Blockchain Technology Application Association; Ping Changxin, Researcher of the Zhejiang Provincial Digital Reform Office; Guo Feng, Executive President of the Guangdong Economic and Trade Cultural Promotion Association; Chen Huiying, Deputy Secretary-General of the Guangdong Economic and Trade Cultural Promotion Association; Liu Xuequn, Executive President of the Hong Kong Blockchain Technology Application Association; Gan Xiaohua, Executive Director of Wapus Rui Metaverse; Zheng Lujia, Assistant to the Chairman of Shuangta Food; Su Nianle, CEO of Dinglian Digital Technology; Dai Shanshan, Editor-in-Chief & CEO of Bitkoala; Wang Zijian, Forbes China Columnist and G20 Youth Council Member; Meng Saili, President of Xuyuan Technology; Xing Jun, Partner of Liuying Capital; Wang Pengfei, CEO of Shucang China; Deng Weiping, WeBank; Zhou Weixiong, Chairman of the Hong Kong Listed Alliance Guangdong-Hong Kong-Macao Greater Bay Area; Pan Junyu, President of the Hong Kong Artificial Intelligence Innovation Association; Yang Hexiang, Chairman of Asia Quan Technology Co., Ltd.; Meng Wennan, Founder of Vitality Farm; Wang Qiong, Chairman of Shupei Health Science Co., Ltd.; He Hong, Founder of Helanshan Boutique Winery Industry Group; Li Shufeng, Chairman of Yuanmeng Space Cultural Communication (Limited) Company; Zhang Ming, Chairman of Xinghe Wanli (Shenzhen) Technology Industry Group; Zhang Changdong, Chairman of the International Clean Power Industry Alliance; Xiong Suijing, Chairman of Jinggang Story (Shenzhen) Industry Development Group Co., Ltd.; Dai Junjun, Chairman of Hong Kong Saide Group; Wang Mingchao, Chairman of Dakunpeng Investment Group; Cheng Wenbin, Blockchain & Digital Asset Technology Expert; William Wu, Executive Assistant of WebX; and Zhang Lei, President of Dario Vision.
The guests engaged in speeches, keynote presentations, roundtable discussions, and sharing dialogues, deeply exploring the theme of "Element of Wealth, Boundless Integration," discussing the current state and future trends of the metaverse. The conference concluded that the metaverse is at a critical turning point, entering a new phase of digitizing real assets, which is not only a technological revolution but also a profound transformation of economic models and social structures.
The conference pointed out that the metaverse is currently in a strategic period of development, facing unprecedented opportunities and challenges. At this critical moment, we gathered together to witness and promote this historic transformation.
Approximately 1,200 people attended the conference on-site, with an online attendance of 200,000.
At the beginning of the meeting, Zheng Dingxiang, President of the Hong Kong Blockchain Technology Application Association and Chairman of the United Nations Digital Security Alliance Metaverse Committee, delivered an opening speech for the grand event. As a firm believer and advocate of the metaverse, President Zheng firmly believes that humanity will evolve from carbon-based life to silicon-based life, achieving eternal life in the digital world. President Zheng initiated the "Bay Area Metaverse Conference" in 2021 and briefly reviewed the glorious history of the previous three conferences in his speech. He pointed out, "As we enter 2024, facing the turmoil of the world situation and the spread of war, a peaceful, unified, and regulated metaverse seems even more desirable. In today's rapid transition from industrial civilization to digital civilization, the maturity of technology stands in stark contrast to the economic downturn of the real world and the chaos of the global situation, and the development of the metaverse is encountering unprecedented historical opportunities."
Regarding the theme of this conference—"Element of Wealth, Boundless Integration," President Zheng explained that the conference aims to build an efficient platform for capital to meet ideal projects, allowing projects to gain necessary capital support and enabling users to participate in outstanding projects, jointly promoting the prosperity and development of the metaverse. President Zheng also issued a call: "We are in an era of rapid evolution from carbon-based civilization to silicon-based civilization, and we should be grateful for the opportunities history has given us, witnessing and actively participating in this great civilizational transformation."
Liu Xiaofeng, Vice Chairman of the 12th National Committee of the Chinese People's Political Consultative Conference, has closely followed and supported the growth and development of the "Bay Area Metaverse Conference." Due to his busy schedule, Chairman Liu was unable to attend the event in person but delivered an enthusiastic speech via video link.
In his speech, Chairman Liu highly praised the significant achievements of the "Bay Area Metaverse Conference" since its establishment, noting that this platform has become a key bridge for promoting the deep integration of metaverse technology and the real economy. Regarding the theme of this conference, Chairman Liu stated that focusing on how the metaverse can empower traditional industries and explore new business models has far-reaching implications for social progress. He hopes that the guests will engage in in-depth communication and cooperation to jointly promote innovative development in the metaverse field. Chairman Liu advocated for us to work together to build a brilliant future for the metaverse, promoting its industrialization, commercialization, and ecological advancement, and exploring a path of metaverse development that aligns with China's national conditions, contributing to the high-quality development of our digital economy!
Chan Ho Lam, Deputy Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region Government, delivered a speech. Deputy Secretary Chan first expressed gratitude to the Hong Kong Blockchain Technology Application Association for hosting this grand event, then emphasized Hong Kong's position as an international financial center in Asia and its rapid development in the fields of financial technology and Web3.0. He mentioned that Hong Kong is promoting industry transparency and healthy development through measures such as implementing a licensing system for virtual asset service providers. Deputy Secretary Chan looks forward to Hong Kong continuing to leverage its advantages to promote the integration of traditional finance and emerging technologies, helping the Bay Area become a highland for financial technology innovation.
Wang Chunhui, Director of the Digital Economy Research Institute of the United Nations World Silk Road Forum, analyzed the development trends of the global digital economy in his speech and made predictions about the development of the metaverse. He pointed out that in the era of the intelligent society, data resources have become key production factors; whoever controls the most important production factors holds the power. As the head of the data group of the China-U.S. digital economy dual-track dialogue group, Director Wang emphasized that the ultimate goal of digital transformation is not blind digital application but rather how to enhance the competitiveness of the national real economy, especially the manufacturing industry, in the global market and improve corporate profitability. Therefore, achieving digital, networked, and intelligent development driven by the needs of the real economy in a localized manner is an important lever for promoting the deep integration of the "real economy and digital economy" through transformative changes in power, efficiency, and quality. Director Wang pointed out that the metaverse is the next generation of immersive internet space that deeply integrates physical and digital spaces, representing a new intelligent world with broad application prospects and potential value. What we need to do is to realize the future value through creativity. Subsequently, the launch ceremony for Bit Town, RWA Accelerator, and Bitlong was held. Chan Ho Lam, Lo Chok Kin, Zheng Dingxiang, Ye Wenli, Yu Weiqiang, Li Lizhong, Yang Zhiwu, Cai Hengjin, Xie Zhijian, Li Shangxin, Wang Dafu, Zhang Changdong, Luo Xiaolu, and Zhang Lei participated in the launch ceremony together.
Theme Sharing Session
First was the academic report. Li Lizhong, Academician of the Canadian Academy of Social Sciences and the World Academy of Productivity Science, presented an in-depth industry report titled "Ecological Metaverse Architecture of Communist Economic Rights Awareness in the Intelligent Era." Academician Li is the creator of the AOM Rights Awareness Ecology. In his speech, he pointed out that with the development of technologies such as artificial intelligence and blockchain, the global economy is moving towards the intelligent era, and the metaverse will become a new economic carrier that integrates the virtual and the real. He mentioned that reconstructing production relations to solve the survival problems of people in the intelligent era can achieve a relative balance in the first distribution of wealth while realizing common prosperity. The high premium and high value of rights awareness can significantly enhance the consumption capacity of the public, complete the destocking of enterprises, and ultimately restart the positive cycle of the industrial economy. This is the value and significance of the communist economic rights awareness ecology.
The large metaverse project "Bit Town" made a stunning debut at the conference. "Bit Town" is currently the highest quality and level metaverse internationally, and it is the only ecological space globally built on a full 3D engine, closest to the definition of the metaverse. "Bit Town" has a self-circulating ecological system that can stimulate consumption potential to drive internal demand growth, ensuring the continuous and healthy development of the virtual space ecology. As a metaverse platform that provides opportunities for individual entrepreneurship and employment, and opens new paths for corporate value addition and transformation, "Bit Town" paints a future blueprint full of infinite possibilities and creativity with its mission of "giving life a second chance."
This conference focused on RWA, accurately judging that the current development of the metaverse is at a critical stage of "digitizing real assets." To promote the deep integration of capital, projects, and users in the metaverse field, the Hong Kong International Investment Association and the Hong Kong Blockchain Technology Application Association joined forces to jointly launch the world's first "RWA Accelerator" project. The Hong Kong International Investment Association, as a high-end platform connecting international, government, financial institutions, and business leaders to promote financial investment development, collaborated with the Hong Kong Blockchain Technology Application Association, which is dedicated to connecting blockchain technology and ecological resources in Hong Kong, the mainland, Southeast Asia, the Middle East, and North America, to jointly create this innovative project. The "world's first RWA Accelerator" aims to assist traditional enterprises and projects in utilizing blockchain technology for digital transformation and upgrading, and to enter the global financial market through compliant legal channels. It will use innovative means of Web3 to reshape the industrial ecology and unleash the power and value potential of traditional assets.
Following the introduction of the world's first "RWA Accelerator," Ms. Ye Wenli, Executive Chairman and Secretary-General of the Hong Kong International Investment Association, organized and hosted the first roundtable forum of the conference: "RWA: The Bridge Connecting Reality and the Metaverse." The forum invited several industry leaders and experts, including: Lo Chok Kin (Justice of the Peace, National Committee Member, Vice President of the Hong Kong Institute of Certified Public Accountants), Cai Hengjin (Academician of the International Academy of Advanced Technologies and Engineering), Xie Zhijian (Managing Director of Futu Securities), Li Shangxin (Founder and CEO of Coinstreet), Huang Yanhua (Vice President of Qifu Capital), and Zhou Weixiong (Chairman of the Hong Kong Listed Alliance Guangdong-Hong Kong-Macao Greater Bay Area). The forum conducted an in-depth discussion on how RWA connects reality and the metaverse.
Excerpts of guest opinions are as follows:
Lo Chok Kin: Hong Kong should actively develop the tokenization of physical assets to facilitate financing and business development. It is essential to pay attention to the regulation of virtual assets to ensure the healthy development of the market and the integration of appropriate regulatory bodies. Hong Kong needs to strengthen communication with international counterparts, especially in training new talents and promoting virtual asset businesses.
Cai Hengjin: Hong Kong should leverage its unique position as a bridge connecting the mainland and the world to promote the internationalization of assets with growth potential. In the rapidly changing AI era, brands and intellectual property may carry the long-term value of Chinese manufacturing and intelligent manufacturing more than companies themselves. The large number of digital nomads and opinion leaders empowered by new technologies such as artificial intelligence and blockchain provide possibilities for establishing new brands in the short term.
Xie Zhijian: Hong Kong is in a leading position in compliance and regulation, providing good conditions for the development of physical asset tokenization. Hong Kong has launched a digital currency asset exchange license and allows brokers to provide cryptocurrency trading services for retail investors, which offers protection for investors. Hong Kong can become an important platform for solving the listing difficulties of startups and growth companies, especially in the context of tense China-U.S. relations.
Huang Yanhua: As a financial center, Hong Kong has abundant financial institution resources, providing a solid foundation for the tokenization of physical assets. By tokenizing outstanding domestic physical economic assets in Hong Kong, liquidity and trading prices of assets can be improved. The Hong Kong government could consider tokenizing the Hong Kong dollar and issuing stablecoins, which would bring new development opportunities to Hong Kong.
Li Shangxin: Hong Kong has rich experience and talent reserves in STO and RWA, which can draw on the successful model of IPOs. RWA has various application scenarios in Hong Kong, which can be in the form of virtual currencies, stablecoins, or brand values. Hong Kong's regulatory authorities have legislated for STO and RWA, ensuring compliance and transparency, which is beneficial for attracting more investors.
Zhou Weixiong: The Hong Kong government has played a leading role in promoting RWA, such as issuing the world's first tokenized green bond. Blockchain technology empowers international trade, and the Hong Kong government actively promotes the development of financial technology applications in Hong Kong's financial institutions, encouraging the use of blockchain technology to enhance the efficiency and security of KYC and AML compliance transactions. The "Fintech 2025" strategy encourages the financial industry to fully apply financial technology by 2025.
Deng Di, Director of the Digital Economy Special Committee of the All-China Mergers and Acquisitions Association and Co-Chairman of the Hong Kong Blockchain Association, delivered a keynote speech titled "From Brand NFT, RWA, to the Metaverse: How Will Web3 Rebuild Business Consensus?" Deng Di believes that the story of the cryptocurrency circle has reached a point of exhaustion. The cryptocurrency circle lacks truly high-quality assets and has become a red ocean, even starting to resemble a pyramid scheme. In this context, Web3 cannot find direction or a way out. "In the entire RWA, we have focused too much on tangible assets in the past, neglecting the brand assets that align best with the Web3 system." Deng Di advocates for the value of brand digital assets, believing that brand digital assets may even surpass the market value of all stocks.
Zhang Changdong, Chairman of the International Clean Power Industry Alliance, released a presentation titled "The Metaverse Mitigates Global Climate Change: Mobilizing the Industrialization of Fluidized Bed Gasification Technology—A Virtual Reality Joint Drill." The fluidized bed gasification technology is a notable invention patent recognized both domestically and internationally, and it has already obtained buyer industry cooperation documents. This technology is significant for improving energy utilization quality and efficiency, as well as for energy conservation and emission reduction. A series of transformation and upgrading projects centered on this technology have completed third-party feasibility studies, environmental assessments, and energy efficiency evaluations. Chairman Zhang introduced the integration of blockchain, the metaverse, and this technology, leveraging the power of capital and financial tools to promote the combination of virtual reality application scenarios with intelligent technology, facilitating the transformation and upgrading of traditional coal energy production, and eliminating the formation of pollutants and carbon emissions at the source of the industrial chain process, providing an industrial demonstration project for effectively mitigating global climate change. This technology has been in development for seventeen years, led by an academician from the Chinese Academy of Sciences, with experts from top 100 companies in Europe and America, well-known universities, and 38 experts from various renowned domestic institutions participating.
On December 5, Bitcoin broke the $100,000 mark, marking a new era for the digital asset market. Xiaolu Luo, founder of Bitlong, shared his vision for the future development of Bitcoin with the topic "Taproot Assets Make Bitcoin Great Again." The Taproot Assets protocol allows assets to be deposited into payment channels of the Lightning Network and transferred through the existing Lightning Network without bloating block data. Therefore, it can be envisioned that in the future, global currencies could be issued using the Bitcoin main root asset protocol and settled through the Lightning Network. Xiaolu Luo also suggested that the currently hotly debated Hong Kong dollar stablecoin could also consider being issued using the main root asset protocol.
Xing Jun, a partner at Liuying Capital, showcased his invention—Bitcoin banknotes. Bitcoin banknotes are essentially paper wallets embedded with chips that can store various cryptocurrencies. Bitcoin banknotes are also cash banknotes anchored to Bitcoin issuance. This idea surprised the guests on-site. Xing Jun also delivered a speech on "Prospects for Wealth in the Metaverse," introducing the deployment of his resource blockchain project. The resource blockchain, in the form of a home smart gateway, has already deployed over 5 million units in the Guangdong-Hong Kong-Macao Greater Bay Area, which can be added to applications at any time.
Mr. Yu Weiqiang, Chairman of Hong Kong Lianfa Securities and former Director of the Hong Kong Stock Exchange, organized and hosted the second roundtable forum of the conference. The theme of the forum was "Wealth Growth Opportunities in the Metaverse." Guests included: Cheng Wenbin (Blockchain & Digital Asset Technology Expert), Yu Jianing (President of UWEB), Meng Saili (President of Xuyuan Technology), Luo Xiaolu (Founder of Bitlong), and Zhang Changdong (Chairman of the International Clean Power Industry Alliance).
The forum primarily discussed the future development potential and challenges facing RWA (Real World Assets), emphasizing progress on the technology and trading levels. At the same time, the guests shared specific measures that should be taken in trading technology to address the lack of understanding among domestic and foreign investors regarding emerging financial instruments (such as virtual currencies and RWA).
Excerpts of guest opinions are as follows:
Cheng Wenbin: The metaverse consists of the real world, the digital world, and the virtual world. The acquisition of future wealth will mainly rely on the development of underlying infrastructure, the construction of pathways between the three, and the creation and trading of digital assets. Through technological advancements, the integration of experiences and novel services will further enrich the value and commercial potential of the metaverse. For RWA assets, I hope everyone can recognize that "once associated with real assets, it is impossible to speculate on high prices out of thin air." The industry should focus on the innovation of RWA derivative business scenarios, allowing RWA assets to circulate more quickly into more business scenarios, rather than speculating on token prices.
Yu Jianing: The wealth growth in the digital asset field in Hong Kong has reached approximately $2 trillion, and it is expected to further grow to $6 trillion by 2025, marking Hong Kong's potential in building a virtual asset financial system. He emphasized that the dual drive of the smart economy and digital finance is the main driving force behind this wave of wealth growth, while also pointing out that Hong Kong is ready to embrace significant changes in the future.
Meng Saili: The wealth opportunities brought by the metaverse rely on the integrated development of multiple technologies rather than the leadership of a single technology. Therefore, when choosing investment tracks, it is essential to pay attention to the synergistic effects between technologies. She emphasized that understanding this will help investors and enterprises seize future opportunities, rather than merely chasing hot fields.
Luo Xiaolu: Wealth in the metaverse is divided into native digital wealth and real-world twin wealth, emphasizing the importance of super gateways in the process of real-world assets entering the blockchain. She pointed out that ordinary people can participate in the wealth of the metaverse through investment or creation.
Zhang Changdong: The metaverse is not only a technological system but also a key pathway to enhance quality and efficiency. He emphasized that in the metaverse, technology and quality are core elements driving enterprise and economic development, while finance plays an important role, needing to find trends for development between certainty and uncertainty.
"In Web 2.0, users created a large amount of data value and commercial profits, but users did not gain much benefit, while internet companies earned massive financial market value." Yang Zhiwu, Director of the Technical Branch of the Shenzhen New Economy Development Research Institute, delivered a speech titled "The Future is Here: The Business Metaverse and the New Technological Revolution." He believes that we need Web 3.0 to liberate data and rules, "Users build the stage, users perform, users earn money." Director Yang highlighted a classic case in the industry—a GS business metaverse, which is hailed as a "business perpetual motion machine." In the GS business metaverse, enterprises and customers create commercial profits and data value, no longer being entirely taken by platforms and capital, but instead enjoying a continuous distribution of value from decentralized protocols.
Li Shufeng, Chairman of Yuanmeng Space Cultural Communication (Limited) Company, brought a wonderful sharing titled "Harnessing Future Trends: The Key Role of the Metaverse in Digital Transformation." He pointed out that with the rapid development of technology, digital transformation has become an irreversible trend across various industries, and the metaverse is an important driver of this transformation. Through the seamless connection of virtual spaces and the real world, the metaverse not only brings new operating models and business opportunities to traditional enterprises but also provides consumers with a more immersive and personalized experience. He further explained that in the future digital economy, the core value of the metaverse will be reflected in three aspects: decentralization, information transparency, and intelligence, promoting enterprises to achieve efficient operations in a more open ecosystem. At the same time, the metaverse will also promote the deep integration of virtual assets and the real economy, becoming an important channel for enterprises to obtain digital capital.
"Web3 empowers the real economy and promotes innovative applications in the metaverse," Yang Zhiwu continued to organize frontline entrepreneurs to discuss the application and innovation of Web3 in the real economy in a roundtable format. The entrepreneurs included: Yang Hexiang (Chairman of Asia Quan Technology Co., Ltd.), Meng Wennan (Founder of Vitality Farm), Wang Qiong (Chairman of Shupei Health Science Co., Ltd.), and He Hong (Founder of Helanshan Boutique Winery Industry Group).
Excerpts of guest opinions are as follows:
Yang Hexiang: The Web 3.0 metaverse will empower the market through technology, promoting the capitalization of consumer contributions and labor value, thereby achieving common prosperity. Blockchain will promote the fairness of wealth distribution, allowing consumers and creators to gain more value in the new economy.
Meng Wennan: Investing in farms through blockchain technology can enhance food safety and healthy eating, allowing consumers to enjoy quality ingredients with peace of mind while achieving economic returns. Promoting the construction of community complexes and enhancing public awareness of Web 3.0 and blockchain will open new pathways for achieving common prosperity and resource sharing.
Wang Qiong: Introducing Web 3.0 and blockchain technology in the health sector can empower consumers, achieve value-added and circular consumption, and help entrepreneurial partners smoothly start their businesses, promoting a shared health mission.
He Hong: In the changing economic environment, Web 3.0 may be the "lifeline" for enterprise development. Utilizing Web 3.0 technology can expand markets and enhance competitiveness to meet new business challenges. As the conference reached its climax, the first declaration of the metaverse was released!
Li Lizhong, an academician of the Canadian Academy of Social Sciences and the World Academy of Productivity Science, along with guests Yang Zhiwu, Feng Chengjiang, Zhu Xinlan, Zou Tian, Yao Liwei, He Wei, Su Nianle, Wang Zijian, Sheng Xuhua, Meng Saili, Zhang Changdong, Zhang Lei, and others, led over 1,200 attendees in reading the "Metaverse Declaration" in unison.
In the declaration, the metaverse is endowed with the noble status of "the future habitat of humanity," breaking the boundaries of time and space, eliminating the dichotomy between the virtual and the real, and opening up infinite possibilities for humanity.
"One thought, one world; life in the metaverse will unfold in a brand new interpretation." The "Metaverse Declaration" describes the metaverse as a vast realm woven from code and shaped by data, where the processes of digitizing life and bringing digital life to fruition are gradually advancing. The fusion and coexistence of carbon-based and silicon-based life signify a deep integration of humanity and technology.
The declaration emphasizes that after 30 years of development, the metaverse has transitioned from a fairy tale to childhood, and humanity stands at the threshold of redesigning itself through technology. This virtual world, filled with surprises and unknowns, could be a treasure of human civilization or a void waiting to be explored.
At this historic moment, we are like our ancestors in ancient times, dwelling in caves, contemplating the future of humanity.
The release of the "Metaverse Declaration" is not only a grand blueprint for the future world but also a clarion call for the era, inspiring us to relentlessly pursue and forge a new epoch that transcends the boundaries between reality and the virtual.
Thus, the main conference successfully concluded. The current state and future development trends of the metaverse were comprehensively presented, allowing attendees to gain a deeper understanding of the cutting-edge dynamics in this emerging field and a clearer outlook on the future digital economy blueprint.
At the start of the banquet, guests including Zheng Dingxiang, Ye Wenli, Li Lizhong, and Yang Zhiwu took the stage to raise their glasses in a toast, celebrating the successful conclusion of the conference.
The banquet continued with exciting discussions. Grounded in reality and looking to the future, Zhu Xinlan, Chairman of the Guangdong-Hong Kong-Macao Greater Bay Area Business Association, convened a roundtable discussion titled "The Metaverse and Humanity's Future - Exploring the Impact of the Virtual World on Civilizational Evolution," featuring Zou Tian, President of the International Financial Federation of the Greater Bay Area, Feng Chengjiang, President of the Guangdong-Hong Kong-Macao Cultural Development Committee of the China Oriental Culture Research Association, Wang Zijian, Forbes China columnist and G20 Youth Council member, and Dai Shanshan, Editor-in-Chief & CEO of Bitkoala.
Excerpts of guest opinions are as follows:
Zou Tian: In the fields of stablecoins and digital asset financing, Hong Kong is expected to facilitate global trade and capital flow, enhancing the interconnectedness of international financial markets. However, compliance is an indispensable key factor. We look forward to stimulating participants to explore new growth opportunities and establish a new rule system amid the waves of transformation in the new economic order through in-depth discussions at this conference.
Feng Chengjiang: Metaverse technology will inject strong momentum into the innovative transformation and development of excellent traditional Chinese culture, helping Chinese cultural heritage and cultural industries reach a broader international stage. Here, I encourage my colleagues in the metaverse industry to actively utilize this cutting-edge technology to deeply explore the cultural treasures of China's 5,000 years, transforming them into valuable resources and wealth, contributing to the inheritance and innovation of traditional culture.
Wang Zijian: The metaverse opens up vast opportunities for young entrepreneurs, especially in application fields, where ecosystems centered on Web3 will provide strong support for the younger generation to realize their entrepreneurial visions. At the same time, entrepreneurs should shape a diversified value system by integrating technological innovation, cultural connotation, and social responsibility to meet the rapidly evolving demands of this industry.
Dai Shanshan: The application of artificial intelligence will greatly enhance the creative efficiency in the media field but also raises questions about content authenticity and challenges to legal regulations. NFTs, as unique digital assets, provide new opportunities for artistic creation and financial transactions in the metaverse.
The conference also gathered other guests' insightful opinions, excerpts of which are as follows:
Liu Yan: AI will reconstruct human production relationships and the hierarchy of nations and societies. The AI-based metaverse world can greatly promote global cultural integration and technological prosperity.
He Wei: The metaverse has spawned numerous new positions and wealth growth opportunities that provide emotional value, offering new ideas and business opportunities for the digital transformation of traditional industries.
Yao Liwei: In the future, "players" in Macau's gaming industry may not need to come to offline gaming tables at all; they could directly "bet big" in the cloud. This may be the charm of the metaverse, breaking the barriers of time and space.
Thus, the Fourth Bay Area Metaverse Conference and the Metaverse RWA and AOM Wealth Forum successfully concluded. The successful hosting of this conference marks that humanity has opened the connection between the real world and the metaverse, embarking on an endless journey of exploration in the metaverse, where surprises await us, but it may also lead to a void…
Main Achievements of the Conference
Presented the current development status of the metaverse: people can now start businesses, find jobs, and live in the metaverse;
Attracted the attention of the Hong Kong government, supporting the realization of the metaverse: "Hong Kong will continue to leverage its unique advantages of 'backing the motherland and connecting the world' to become a bridge connecting traditional finance and emerging technologies, making Hong Kong and the Greater Bay Area a technological highland for Web 3.0 and innovative financial technology." (Remarks by Chan Ho-lam, Deputy Secretary for Financial Services and the Treasury of Hong Kong, at the conference);
Aroused a strong desire for "old money" to participate in the metaverse;
Released the "Metaverse Declaration."
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