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According to related news, the Hovito Foundation announced a strategic investment in XCoin, with an investment amount of US$8 million. As an important milestone in the development and growth of XCion, this has also allowed XCion’s valuation to quickly rise to US$20 million, further proving the value and potential of theproject in the cryptocurrency trading circuit.

The Hovito Foundation has always paid attention to and been deeply involved in the development of the trading track. This investment is another important move of the Hovito Foundation in the blockchain field, and is also a reflection of the foundation’s firm confidence in the future development of the crypto industry trading platform XCoin. . As a well-known venture capital institution, the Hovito Foundation has been focused on supporting innovative blockchain and cryptocurrency projects. There is no doubt that their investment experience and deep industry insights will bring huge opportunities and advantages to XCoin.

About the Hovito Foundation:
The Hovito Foundation was established in 2018 and is an institution focused on blockchain investment (focusing on investing in infrastructure, mining, DeFi, NFT and other blockchain industries). Hovito Fund always adheres to customer-centricity, providing customers with the latest and most appropriate cryptocurrency-related investment consulting and fund management services, and will build investment portfolios based on market trends and long-term investment value, and is committed to helping customers maximize s return.
Official website link: https://hovito.foundation/

About XCoin:
XCoin is a world-class cryptocurrency trading platform that provides spot, futures and other services to global users. As a world-class cryptocurrency trading platform, XCoin is committed to providing users with a safe, efficient, and reliable trading environment.

If you want to ask what is the most popular thing in 2023 AD, it must be AI.
Since this year, AI has become far more popular than blockchain. The breakthrough development of chatgpt has brought unprecedented popularity to AI. Giants are gearing up. AI has also achieved new success in integrating with various industries, especially the office field. The blockchain industry carries mankind’s vision for a fairer and more inclusive economy and society. Therefore, the combination of blockchain and AI has always been a hot topic. The combination of AI and blockchain is a trend that cannot be ignored. It can provide unique opportunities for future technological innovation and application.

Navigation is a product that combines blockchain and AI. As a decentralized AI computing power platform based on OP, Navigation can distribute computing tasks to multiple nodes in the network through AI, and these nodes provide computing resources and computing power by participants. Navigation is committed to creating a truly decentralized artificial intelligence autonomous system, providing the most advanced robot AI computing power learning model on the blockchain, allowing users to achieve settlement and incentives through smart contracts on the Navigation blockchain.

Based on decentralized features and AI technology, Navigation has natural advantages. In addition to the much-talked-about security and decentralization, the second advantage of Navigation is that it can improve computing efficiency and speed while saving time and computing power costs. Navigation allows developers to break down large tasks into multiple computers at the same time. execution, which can shorten training time and reduce computational cost. In addition, navigation uses a large number of distributed computers to perform tasks, which also helps it create an extended computing network to handle a large number of task calculations. Navigation also allows developers to allocate computing tasks across distributed computer networks, which can make artificial intelligence programs less susceptible to interruptions by server or network problems, greatly improving the feasibility and availability of Navigation.

Navigation’s token is minted based on staking OP. The issuance and supply of Navigation token NAVI are all realized through staking OP, while Optimism (OP) token is the native governance of one of the most significant expansion solutions on the Ethereum network. Tokens, backed by professional technology and considerable market size. It is precisely because of this minting model that NAVI tokens have certain intrinsic value support. Each token is benchmarked against OP, and investors do not have to worry about the risk of collapse. In addition, the project side has its own considerations. In order to welcome the arrival of the bull market, based on strategic deployment, the project passively locks 30% of the OP on the chain to prepare for the bull market, thereby increasing profits and preventing risks.

It is worth mentioning that OP token is the first token to adopt Rollup technology. Performance has been excellent, with gains of 227% since the beginning of 2023. This number is particularly striking in the context of Ethereum’s 135% rise. Currently, the total market value of Optimism token OP reaches US$13 billion. Therefore, investors should have full confidence in NAVI.

Web3 is not a new concept, but rather a culmination of the development of multiple technologies. The development of blockchain is also not linear. In a deeper sense, it is a constellation of multiple technologies. In this diversified development environment, Navigation has been able to rise rapidly in the increasingly competitive market with its technological innovation and superior economic model. We look forward to Navigation achieving brilliant results in this era of intersection of multiple technologies.

On September 13, BG Trade and BlockNews organized a side event on ‘’Web3 and Real World Asset Tokenization’’’ in Singapore for Token 2049, where the two brought hundreds of people together. Many of the leading Web3 representatives have given a speech to the public and attended the roundtable discussion, including BG Trade CMO Hakan、 EOS Network CEO Yves La Rose、MIIX CEO Wayne、Metabit Co-founder Adam Li、Starfish Technologies CEO Paul Wong、Hashrate Asset Group CFO Joe Su、Pandora Finance CEO Pushkar Vohra、Xhash COO Frank Feng、Quest Ventures Partner Anqi liu, e.g.

During the vent， BG Trade CMO Hakan、 EOS Network CEO  Yves La Rose、MIIX CEO Wayne、Starfish Technologies CEO Paul Wong have conveyed their thoughts of Web3 and RWA tokenization. Beside, in the roundtable discussion, the project managers from Metabit、Hashrate Asset Group、Pandora Finance、Xhash、Quest Ventures have discussed the topics including Integration of Real Assets in the Web3 Era.

BG Trade CMO Hakan says，in the real world，People need to go through many complex procedures when purchasing real assets such as bonds, stocks and commodities. However, the emergence of RWA not only simplifies the cumbersome procedures required to purchase real-world assets like bonds but also brings many benefits to traditional real-world assets, such as increased efficiency, enhanced transparency, and optimized liquidity management. BG Trade will combine real asset tokenization with the cryptocurrency ecosystem, leveraging the advantages of blockchain to iterate traditional financial instruments for innovation, providing investors with more opportunities and asset flexibility.

EOS Network CEO Yves La Rose, on both a technical and policy level, provided insights into RWA. He stated that the future prospects of RWA are very promising. According to data provided by institutions, tokenised assets are projected to reach $16 trillion by 2030. Moreover, most businesses are looking to tokenize their assets in the coming years. By integrating RWA into the cryptocurrency space, the development of centralized finance will become more diversified. However, for the average person, the industry’s entry barriers remain quite high, as users need to grasp a significant amount of blockchain knowledge. Addressing the issue of high entry barriers through technological solutions remains a top priority. Currently, multiple projects have proposed solutions and are attempting to engage with governments for resolution. When business, policy, and technology intersect, the market demand for RWA tokenized products becomes even stronger.

Starfish Technologies CEO Paul Wong believes that in the Web3 era, stable software and reliable services hold great value. SAAS technology can provide professionals with significant traffic benefits, as well as flexible, convenient, and cost-effective software services, either in Web2 or Web3. Starfish Technologies was founded with the aim of reducing the technical and operational costs for industry innovation teams, enabling professionals to easily create their personalized DEX (Decentralized Exchange). The team looks forward to providing services to more innovative teams in the future and will continue to focus on building the industry ecosystem.

Regarding the RWA track, MIIX CEO Wayne’s perspective is that RWA is poised to be one of the most valuable assets in the future, and the RWA ecosystem is continually improving. Many large traditional institutions are already strategically positioning themselves in the RWA space. In order to further strengthen the PWA ecosystem, MIIX has developed a dedicated RWA chain. This will facilitate the securitization and tokenisation of real-world assets while ensuring the compliance and security of investor assets.

Subsequently, representatives from Metabit, Hashrate Asset Group, Pandora Finance, Xhash, and Quest Ventures engaged in a roundtable discussion on the theme of ‘Exploring Real-World Asset Integration in the Web3 Landscape.’ They discussed the challenges and opportunities faced by RWA and shared their experiences and insights on compliance, security, user education, digitization, and other aspects related to RWA.

With the continuous development of the RWA, PWA is also entering a new stage. According to incomplete statistics, as of September 2023, RWA has become the 10th largest category in DeFi, with a total value locked worth billions of dollars. In the future, guest representatives will continue to explore the value of RWA, contribute to the industry’s growth and further propel the development of the global Web3 industry.

TOKEN2049 is a major Web3 event aimed at advancing the development of the global crypto ecosystem, and the annual conference will be held in Singapore.

At that time, policymakers, experts and scholars from all over the world will gather together to discuss the latest trends and innovative thinking in the field of encryption to promote industry exchanges and cooperation.

TOKEN2049 is proud to be the premier global conference for entrepreneurs, institutions and industry insiders, investors, builders and anyone interested in the crypto and blockchain industry.

At this event, TDR was specially invited as an important guest. They will share their leading R&D results and cutting-edge technologies to add more highlights to the conference.

An outstanding blockchain research institution, TDR’s outstanding technical strength and innovative spirit are widely praised in the market.

They are not only committed to promoting the advancement of blockchain technology, but also actively participating in the implementation and application of projects in various industries.

TDR’s invitation to participate in the conference will bring unique opinions and new perspectives to the participants, further enhancing the academic and practical value of the conference.

Let us look forward to the arrival of the TOKEN2049 conference together. I believe that TDR’s joining will surely inject new vitality and motivation into the conference!