imToken, a decentralized wallet, recently hosted an event in Singapore titled “Equal Access to a Tokenized World.”
More than 30 industry leaders participated in the event. Fosun Group co-founder Xinjun Liang, Business China president Peiling Tin, Bitmain co-founder Jihan Wu and FOMO Pay co-founder Zack Yang presented their thoughts about Web 3.0 and the tokenized world in the panel discussion.
Imtoken founder Ben shared his thoughts on how blockchain will improve the world of the future during the keynote at “Tokenized Globe.”
“The token is the most important innovation that has been validated by blockchain technology. Things like ERC-20 tokens, ERC721 NFTs and DPTs issued by the Singapore government are essentially all tokens.”
“The token itself is a new digital media evolution from text, pictures, audio and video to the process of digitization of the physical world,” Ben said.
“Tokenization is a great way to connect the digital and physical worlds,” Ben continued. “Tokens can not only represent value in the digital world but can also map the physical world to the digital world, a process known as “tokenization.”
Going a step further, the token could connect the digital and physical worlds, “this is the tokenized world we envisioned based on tokens.”
“The wallet is known as the ‘House of Tokens’ and has been instrumental in helping users gain access to the tokenized world. imToken aims to enable the wallet to attract mass market consumers. An entryway has to be made.
“Together with more blockchain ecosystem partners, we look forward to contributing to blockchain transformation. We continue to drive the development of blockchain technology and enable more consumers to equitably and freely access the tokenized world.” are,” said Ben.
Guests in the panel discussion shared their perspectives on the “Tokenized World” from different domains.
Ben’s vision focused on the advancement of technology “to return to the original goal and purpose of technology, tokenization is to serve people and bring them happiness.”
“As a result, both blockchain and the Internet must focus on the value that technology provides to people’s lives and the meaning of life.”
When talking about the “metaverse” and the “tokenzied world”, Fosan Group co-founder Shinjun Liang believes that “tokens are a fundamental tool and medium of value in the metaverse.
As a carrier of free movement of value, tokens will bring about drastic changes in human behavior and social form, enabling people to continue contributing brainpower and mental or financial resources to a common goal under the token’s incentive.
This approach coincides with the DAO outlined by Bitmain co-founder Jihan Wu, who are all looking forward to the organizational ecology under the new model.
Furthermore, Xinjun Liang expressed his opinion on the thesis “Soulbound Token,” previously published by Ethereum founder Vitalik, “this thesis brings strategic thinking and will strategically change the economic scale of the metaverse.”
In terms of supervision, Business China President Peeling Tin noted that “the Monetary Authority of Singapore has launched an exciting mechanism: Sandbox Express.
It’s a design for both parties: Beginner movers can practice, develop and explore new technology under supervision; Regulatory authorities can learn and understand more about the latest industry through these early movers.
Singapore’s regulators are ready to embrace the future and are interested in the tokenized world. ,
“Regulation is always lagging. Every move will pose risks and challenges to the early movers as many areas are unknown to both regulators and early movers.
“But because of this unknown, the token has great potential, which is a great opportunity for FSI companies,” said Zack Yang, co-founder of FOMO Pay.
Regarding the future of the tokenized world, Ben believes that blockchain products need to lower barriers to attract mass market users. This will be achieved by forcing infrastructure upgrades. The spiral development of products and infrastructure can make the industry develop rapidly and adopt new technology continuously. ,
imToken is a decentralized digital wallet used to manage and protect a wide range of blockchain- and token-based assets, identities and data. Since its founding in 2016, it has helped its users transact and exchange billions of dollars worth in more than 150 countries around the world.
imToken allows its users to manage assets on 20+ mainstream blockchains, as well as seamlessly connect with dApps through a decentralized application browser.