Gregory Pudovsky
Published: August 31, 2024 at 6:08 am Updated: August 31, 2024 at 6:30 am
Edited and fact-checked:
August 31, 2024 at 6:08 am
On August 27, from 2 PM to 5 PM Tokyo time, the WebX side event titled ‘Bridging Real & Virtual: Global Meets Local in WebX,’ co-hosted by CGV, XStar, and Starbase and co-sponsored by mizu, Aylab, and LayerPixel, successfully concluded. The event brought together top Japanese enterprises, projects, and communities, along with leading industry institutions and projects, to explore the Japanese Web3 market and share insights on how to achieve growth in the Japanese market.
Host Speech | CGV, XStar, Starbase
CGV (Cryptogram Venture) is a crypto investment firm headquartered in Tokyo, Japan. Partner YZ provided an overview of CGV’s overall development and investment activities: Since 2017, the fund and its predecessor funds have participated in investments in over 200 projects, including the investment and incubation of the licensed yen-pegged stablecoin JPYW. Additionally, CGV FoF is a limited partner in several globally renowned crypto funds. CGV is also actively focused on the development of Japanese Web3 startups and has successfully organized two editions of the Japan Web3 Hackathon (TWSH) since 2022, receiving joint support from the Ministry of Education, Culture, Sports, Science and Technology of Japan, Keio University, NTT Docomo, and other institutions and experts. Recently, CGV invested in and incubated the ML KOL Club and RONA.
ML KOL Club is a service organization that brings together outstanding opinion leaders from around the world and boasts a large community. The team members hail from regions such as Japan, Hong Kong, Singapore, and Vietnam, with extensive project experience and a wide range of KOL resources in the areas of crypto asset investment and research, community operation, brand, and market promotion.
RONA is a high-performance Web3 gaming ecosystem dedicated to combining advanced hardware with blockchain technology to provide players with an immersive gaming experience and opportunities to earn income through gameplay. By integrating gaming, cryptocurrency mining, and AI computing power sharing, RONA creates a new ecosystem where players can both enjoy the game and achieve economic growth.
Currently, CGV has branches in Hong Kong, Singapore, New York, and Toronto, and is also a founding member of the Tokyo-based Bitcoin Tokyo Club.
XStar is an Omnichain identity protocol designed for Proof of Humanity. Founder and CEO Ervin introduced how XStar’s decentralized identity system (DID) combines with Proof of Humanity to address Sybil attacks. By linking Web2 social media accounts, the system provides anti-fake account and anti-fraud functions within Web2 social networks. XStar’s comprehensive scoring system, known as the Humanity Score (XHS), integrates biometric verification, Web2 social graph analysis, and offline event participation to help identify the personality traits of users and on-chain addresses while protecting user privacy. Additionally, XStar offers an independent Proof of Humanity service platform for Web3 projects, enabling these projects to verify the personality traits of participating addresses before their TGE (Token Generation Event) and providing a discounted pricing plan for the first projects using the service.
Starbase is a Web 3.0 accelerator focused on GameFi and AI. Founder Vivian introduced Starbase’s core operating model, which includes project investment, incubation, and acceleration. Starbase has invested in over 100 projects across various popular sectors and provides funding support for startups. Currently, the second phase of Starbase’s ‘EverGrow Grant,’ valued at over $2 million, is open for applications. Selected projects can receive comprehensive funding ranging from $10,000 to $30,000, helping them reduce development costs.
In terms of incubation and acceleration, Starbase offers four main types of support: consulting management, which includes economic model design and fundraising strategies; user growth, which enhances project exposure in markets such as Hong Kong, Taiwan, Japan, South Korea, and Southeast Asia through KOL and community networks; marketing, which involves developing strategies to increase market awareness and engagement; and developer ecosystem support, working with global developer communities to provide essential development assistance.
Additionally, Vivian shared Starbase’s Asia Tour plans: During major industry conferences, Starbase will co-host side events with leading industry institutions and local partners to deeply explore local markets, connect resources, and identify growth opportunities. Starbase has successfully hosted two Asia Tour events so far, with several more events planned in the near future.
Keynote | Aylab: Web3 User Acquisition At Scale
Aylab is developing the Aylab Traffic Loop (ATL), an innovative Web3 advertising engine designed to help Web3 projects attract a large number of mobile users from both Web2 and Web3. CEO Robert Zhang stated that the Aylab team believes that the complexity of most Web3 projects and the need to pay gas fees significantly hinder the entry of Web2 users and Web3 newcomers. ATL aims to simplify these processes, enabling users to engage with and use applications more intuitively. Currently, ATL has completed over 100 million on-chain transactions in partnership with SUI, BASE, Mantle, opBNB, and Wormhole, and plans to collaborate with more Web3 projects in the future to attract a larger user base.
Panel
Panel 1: Navigating Japan’s Web3 Market
Japan’s proactive Web3 policies, unique market atmosphere, and the influence of KOLs and vibrant community culture are gradually making it an important market. Panel 1 was a Japanese-language session hosted by Anome’s Japan Ambassador, Kaori, and featured guests from well-known Japanese companies, projects, and communities: Hara, CEO of JANCTION and CFO of JASMY; Kab, Director of ACG Worlds; Mack Suzuki, CEO and Founder of LEGENDARY HUMANITY; and Keisuke Horiguchi, Founder of GuildQB. The panelists shared their perspectives on the development of Web3 in Japan and insights on how overseas projects can enter the Japanese market.
Panel 2: AI Meets Crypto: Beyond the Hype, Into Real-World Application
AIxCrypto has quickly become a significant narrative in the current market. As this trend develops, related applications, protocols, and infrastructure are continuously emerging. Panel 2 was moderated by XStar’s Strategy Lead, Alex, and featured guests from renowned VC firms and projects: Kobby Chen, Investment Director at Fenbushi Capital; Kevin Qi, Investment Director at Mask Network; Jane, Director at CGV; and Sam, Co-founder of mizu. The panelists engaged in an in-depth discussion on the current landscape of the AIxCrypto sector, its broad application areas, and the potential and prospects for future development.
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
More articles
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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[Conclusion]
In conclusion, the WebX side event ‘Bridging Real & Virtual: Global Meets Local in WebX’ was a resounding success, bringing together key players in the Japanese Web3 market to share insights, discuss advancements, and explore growth opportunities. With presentations from leading firms like CGV, XStar, and Starbase, as well as panels discussing topics ranging from navigating Japan’s Web3 market to the intersection of AI and crypto, the event provided valuable knowledge and networking opportunities for all attendees.
As the Web3 ecosystem continues to evolve, events like these play a crucial role in fostering collaboration, innovation, and growth. The future looks bright for the Japanese Web3 market, with proactive policies, vibrant communities, and a growing interest in decentralized technologies. By staying informed and engaged in such events, individuals and businesses can position themselves for success in this rapidly expanding industry.
Overall, the WebX side event exemplified the spirit of collaboration and progress in the Web3 space, showcasing the potential for transformative change and exciting developments on the horizon.
For more insightful articles and updates on the latest trends in the decentralized finance world, be sure to check out DeFi Daily News for all your daily dose of DeFi information and industry news. Stay informed, stay connected, and stay ahead in the world of decentralized finance.
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