#PI Dr. Fan Chengdiao will give a 15-minute speech at the TON stage on October 1, 2025, at 16:30 during the Token2049 conference in Singapore.

Dear guests, good afternoon! It is a great honor to communicate and discuss on the TON stage at the Token2049 Singapore conference with colleagues from the global Web3 field. Today, I would like to share with you the topic "The Future of Cryptocurrency: From Liquidity to Utility - The Innovation Path of Web3" #PI The Future of Cryptocurrency; From Liquidity to Utility - The Innovation Path of Web3#PI .
In the past few years, the cryptocurrency industry has experienced rapid development, and the market's pursuit of liquidity has driven many iterations of technology and models. However, we must also be soberly aware that the industry is currently facing a core challenge: how to make cryptocurrencies and blockchain technology break out of the single framework of "financial attributes" and truly integrate into the lives of ordinary people, creating real social utility ( social utility ).
When many people mention Web3, they first think of scenarios like trading and investment, but seldom see its deep application in areas such as daily consumption, public services, and the operations of small and medium-sized enterprises. This is not a limitation of the technology itself, but rather a focus that we need to adjust in terms of innovation direction. For instance, in emerging markets, there are still a large number of people facing insufficient coverage of financial services. Blockchain technology could have provided them with basic services like remittances, payments, and microloans through its low-cost and high-efficiency characteristics. However, currently, there are not only few such practical cases, but also issues such as high user thresholds and unsmooth experiences, making it difficult to truly reach the target demand groups.
In addition, the industry also needs to address the challenge of economic fairness ( economic fairness ). Currently, in some parts of the cryptocurrency ecosystem, resources are excessively concentrated in the hands of a few participants, making it difficult for ordinary users to enjoy the benefits brought by technological development. This contradicts the original intention of Web3’s "decentralization and inclusiveness.” To solve this problem, we cannot rely solely on technological optimization; we also need to build ecological rules that balance efficiency and fairness, allowing everyone involved in the construction of Web3 to receive reasonable value returns.
Fortunately, the development of cutting-edge technologies such as artificial intelligence (AI) offers new possibilities for Web3 to overcome these challenges. The combination of AI and blockchain can not only enhance the efficiency of on-chain data processing and lower the user operation threshold but also give rise to more innovative application scenarios. For instance, optimizing on-chain resource allocation through AI algorithms allows small users to efficiently utilize blockchain services; furthermore, employing AI to build intelligent customer service and risk prevention systems addresses the shortcomings of user education and security assurance in crypto applications, encouraging more people to try and be willing to use Web3 products.
In the coming years, the core competitiveness of Web3 will no longer be "who can create higher liquidity", but rather "who can create more practical products and ecosystems". To this end, I have three directions to share with everyone: First, focus on "small but beautiful" landing scenarios, starting from the real needs of users, such as community services, local life payments, etc., to create lightweight and easy-to-operate applications that integrate Web3 into daily life; Second, strengthen cross-industry cooperation to promote the integration of blockchain with traditional industries and public service fields, such as supply chain traceability and government data management, leveraging the scenario advantages of traditional industries to unleash the technical value of Web3; Third, emphasize the construction of industry consensus, jointly formulate more complete industry standards and regulatory adaptation plans, and create a stable environment for the healthy development of Web3.
Finally, I believe that when cryptocurrencies and blockchain technology truly make the leap from "liquidity to practicality", Web3 can become an important force driving social progress and achieving inclusive development. I also look forward to working hand in hand with all of you in the future, exploring and growing together on this path of innovation, and witnessing the bright future of Web3 together! Thank you all!