#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 #PI .

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, the topic I would like to share with you is "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(.

In the past few years, the cryptocurrency industry has experienced rapid development, and the market's pursuit of liquidity has driven many iterations of technologies and models. However, we must also be soberly aware that the industry is currently facing a core challenge: how to allow cryptocurrencies and blockchain technology to break out of the single framework of "financial attributes" and truly land in the lives of ordinary people, creating tangible social utility ) social utility (.
When many people mention Web3, they first think of scenarios like trading and investment, yet there are few deep applications in everyday consumption, public services, and the operations of small and medium-sized enterprises. This is not a limitation of the technology itself, but rather a shift in focus that we need to adjust in our innovation direction. For example, in emerging markets, there are still a large number of people facing insufficient coverage of financial services. Blockchain technology could potentially provide them with basic services like remittances, payments, and microloans due to its low-cost and high-efficiency characteristics. However, currently, there are not only few such practical cases, but there are 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 challenges of economic fairness ). Currently, in some parts of the crypto ecosystem, resources are overly concentrated in the hands of a few participants, making it difficult for ordinary users to enjoy the benefits brought by technological development, which contradicts the original intention of Web3's "decentralization and inclusiveness." To solve this problem, we cannot only rely on technological optimization; we also need to establish ecological rules that balance efficiency and fairness, so that everyone involved in the construction of Web3 can receive reasonable value returns.
Fortunately, the development of cutting-edge technologies such as artificial intelligence (AI) has provided new possibilities for Web3 to overcome these challenges. The combination of AI and blockchain can not only enhance on-chain data processing efficiency and lower the operational threshold for users, but also give rise to more innovative application scenarios. For example, optimizing on-chain resource allocation through AI algorithms allows small users to efficiently use blockchain services; another example is utilizing AI to build intelligent customer service and risk prevention systems, addressing 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 "who can create more practical products and ecosystems." To this end, I have three directions I would like to share with everyone: First, focus on "small but beautiful" landing scenarios, starting from users' real needs, such as community services, local life payments, etc., to create lightweight and easy-to-use 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, government data management, etc., 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 cryptocurrency 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!