In the next wind, will encrypted wallets become the leading track? ｜BullWallet & 2021 World Blockchain Conference
From July 24–25, the 2021 World Blockchain Conference·Hangzhou, hosted by Hangzhou Timestamp Information Technology Co., Ltd. (Babbit) and supported by Hangzhou Future Science and Technology City Management Committee, was held in Hangzhou Future Science and Technology City.
This is the first large-scale blockchain summit held in Hangzhou in the first year of the “14th Five-Year Plan”, with more than 3,500 people on site, making it the largest blockchain industry summit ever held in Hangzhou.
The conference invited more than a hundred domestic and foreign blockchain experts and scholars, industry leaders, technical experts, opinion leaders, investors and well-known media to discuss the latest hot spots, application landings and technological frontiers of blockchain, and hope that This leads the trend of the blockchain industry and empowers the development of the blockchain industry. Among them, BullWallet, as a representative of financial applications under the blockchain ecosystem, was invited to attend this conference to have in-depth exchanges with blockchain enthusiasts in the special exhibition area. BullWallet, as a rookie wallet product, focuses on multi-chain technology and attracts It has won the favor of many domestic and foreign investment institutions, media, and industry professionals, and has thrown out an olive branch of cooperation. So why is BullWallet so popular?
1.The wallet both flow inlet DeFi also block chain Ecology integral part.
In 2020, the DeFi lock-up volume increased from 0 to 5 billion U.S. dollars, which took only 3 months, and it took less than 10 months to go from 5 billion U.S. dollars to 50 billion U.S. dollars. Unimaginable things have happened in the past year, including the realization of multi-chain DeFi. Many innovators have also appeared in the DeFi field, and they are constantly working hard. DeFi is in the midfield . At present, during the entire DeFi innovation cycle, we have not yet seen popular and large-scale applications. However, some products have begun to expand their boundaries, including the aggregation trading platform 1inch, which has begun to get involved in the wallet field, and on Polygon. It also supports a lot of DeFi agreements. In such a situation, multi-chain has become an outlet, and the DeFi protocol will sink more and more .
2. The market does not lack excellent public chains, but lacks good wallet products
After years of development, the blockchain wallet technology is constantly maturing , and a wallet product has been able to perform many functions. Compared with the traditional and mature products in the past, BULL WALLET is more flexible and innovative. It is positioned as a full-chain wallet at the beginning of its birth. BULL WALLET is truly a blockchain and completely decentralized. The time node of its birth is also in a period of change between the old and the new, which is a good opportunity for new products.
Another is how to build their own ecosystem , which is a different strategy . In my opinion, the future should be a world where all public chains are interconnected, and it is not affected by whether the public chain is easy to use, whether it is decentralized, and the overall proportion and number of users , that is, all channels on the chain are connected in series , because this it is a block chain in the world. And there is no shortage of excellent public chains in the market , but it lacks an easy-to-use wallet software .
3. Investing in a crypto wallet is more of an investment of 1+1>2
In the first half of 2021, a total of 404 companies in the cryptocurrency field received financing, with a total financing of 7.271 billion U.S. dollars. Among them, nine crypto wallet-related companies received US$863 million in financing, far exceeding the industry average. The crypto wallet industry has become one of the most gold-absorbing industries in the cryptocurrency field except for trading platforms. According to public statistics, 10 crypto wallet-related companies will raise funds in 2021, raising a total of US$872 million from the market. One of the largest financings was the $380 million Series C financing of crypto hardware wallet producer Ledger. This was the second largest single financing in the cryptocurrency industry at the time, second only to Bitmain’s $400 million financing in 2018.
In the digital asset areas, block chain wallet is not a separate product, but is an essential part of the ecology, especially with the rise of DeFi, the use of decentralized purse has become a necessary skill. And for the hard work of digital assets in terms of investment institutions, investment block chain wallet is more invest in a 1 + 1> 2.
Therefore, BullWallet wants to have a lot of opportunities to overtake on the wallet track. The final competition is the market adaptability of the product, the richness of SKU and the stability of product performance.