The @steemhunt economy has pivoted again and decided to funnel their value into a new kind of NFT. The Hunt ecosystem had Mini Building NFTs, Hunt NFTs and different kind of activities to increase the value of of the ethereum:0x9aab071b4129b083b01cb5a0cb513ce7eca26fa5 token. If you had enough share in the ecosystem, you could get a good yield that you could claim every single day. That kind of ecosystem is now gone and the Hunt team decided to funnel all the values back into one single NFT, called the Factory NFT. You can transfer your current Main building NFTs and Mini Building NFTs into Factory NFTs, but have to pay the upper side of the NAV in HUNT tokens. The difference is, that there is no lockup anymore but a 5% burning fee, which will also be used to increase the NAV. So the best way is, if you are interested in capturing the value within the HUNT ecosystem, to mint your Factory NFTs and wait until the NAV is going higher than 5% to cover the burning fee. Everything else behind that line will be a gain in tokens.
Fun Moments of TOKEN2049 After the serious side of TOKEN2049, here are a few moments that put a smile on my face. Not every project was in "dark business only" mode. Some also wanted to create a new kind of experience. Fun things I saw there: •Ledger let people play basketball to win merch. •A quite creepy robot with blinking eyes moving around (I don't know which project it belonged to). •A whole area of arcade games, including Mario Kart. :) •A booth where you got merch if you threw a ball into a glass of water. Easy but effective. •@Tangem giving away Pokémon cards, if you know who to ask. About 200 cards were prepared, and one of them was worth over $1K. •Guests cycling to crush their own fruit juice. And so on. What I also liked was that there was enough space here and there to actually sit down, eat, or open your laptop and write some emails. There were also coffee stations and bottled water everywhere, so you could easily stay hydrated. I didn't try the food or coffee myself, but you could easily get your caffeine fix.
Just visited the @SuiNetwork Basecamp, and it is indeed huge. My first impression is that Sui Basecamp alone is almost the size of KBW this year. They booked the entire B2 level at Marina Bay and used the hall to showcase their ecosystem projects, with each project getting enough space to build out its own presentation. In case you didn't know, Sui Basecamp is a paid event, with tickets costing about 400 USD. Whether that's worth it depends on what you're trying to achieve, but in my opinion it is one of the best places to get to know the projects in the Sui ecosystem. On the other hand, Sui seems to be spending a lot, a really lot, of money to represent itself in Singapore. It is by far the biggest single-chain event held here, with three different panel stages, DEX and AI projects all at once, and a whole line of catering offering different kinds of food for attendees. Judging by the size and effort Sui has put in, I should be bullish on the ecosystem. But with a fairly large amount of assets sitting on Sui to generate yield, I'm still missing depth in liquidity and volume. It would be great to see that solved first, so I can be truly bullish on Sui. Btw, I didn't see Momentum here…
Caught a panel mid-session at Gamma Prime's keynote and it turned out to be a good one. The speakers were Zach Pandl (Grayscale), Will Nuelle (Galaxy), Milton Todd, Simon Koster, Cosmo Jiang (Pantera Capital), Gisele Lai (Fidelity) and Duncan Moir (21Shares). Zach Pandl, Grayscale: market-wise, his take was "not going down, just good." Will Nuelle, Galaxy: same direction, a constructive read on where things are headed. Milton Todd: frontier models will be democratized, and open models will win. Simon Koster: the long tail of tokens has no reason to exist. He didn't name names. Cosmo Jiang, Pantera Capital: this is why we need a better index. Today's crypto indexes still hold plenty of tokens with no real value, so a 500-token index only makes sense if it includes tokens that actually have value. He also named no names on stage. Gisele Lai, Fidelity: tokens without utility have no reason to exist. No utility, no reason to exist. Duncan Moir, 21Shares: also on the panel. The common thread was that institutions are done with "everything is a token." The conversation has moved to utility, real value, and better benchmarks.
The APAC Enterprise token meetup ran all day; I initially thought only institutions and VIPs would gather for a morning breakfast, but they were already holding a separate session at that time. Alongside Joey from Pantera, whom I already knew, I was joined by representatives from Further Ventures and Hashed. Since they are VCs, we discussed where the best future investment opportunities might lie—here’s a brief summary: Robbie: There have been many changes, especially on the U.S. regulatory front, particularly regarding institutional entry. There was a meme that institutions would buy our tokens—but it turned out they weren’t buying ours; they were creating their own. Dan (Hashed): We’re still searching for new parameters, as our ecosystem began from this very exploration. Joey: Previously, there seemed to be an effort to tokenize many strange things in crypto. But institutions require predictable assets to enter and grow. Any product that can expand its own pie is highly promising. Robbie: Institutions are most interested in tokenization and RWA. Another emerging theme is asset management on-chain—particularly yield opportunities on-chain, which are entirely new. While concerns around security and risk remain, movement has already begun. Another area is the intersection of AI and blockchain, which we still consider very early. Hashed: We’re highly open—not only investing but also actively supporting business development and helping others with tokenization. We’re preparing a Korean stablecoin; similar efforts are underway in Korea and Japan. Short but impactful panel discussion. :)
Actually, the hottest topic of KBW 2026 was likely Jadudu’s participation in Solana’s trading competition. What’s even more remarkable is that no one can remember who came in first place—instead, Jadudu, a professional streamer with an uncanny ability to deliver exactly what the audience wants, created not just one, but three viral meme moments within a single event. Truly a pro among pros. In fact, this format was originally pioneered last year by @magonia_B, and now that it’s evolving into an esports-style phenomenon, it would be fantastic to see large-scale events like this emerge not just in Korea, but globally too. It already seems like Jadudu and Magonia are collaborating on something new—so we’re excited to see Jadudu’s definitive breakthrough onto the global stage and Magonia’s trading competition format expand internationally. But honestly, creating three memes in one competition is incredible—(the 40K near-long celebration, trading with feet while lying down, and ultimately losing while bursting into tears... lol). And after the event, when you see Jadudu stepping out dressed in a very formal suit, patiently taking photos with fans—it’s a complete contrast. Haha.
I made the trip to witness the new strategic expansion from the @DCENTWALLETS team, whom I’ve been following for a long time. The reason? Recently, Decent experienced unfortunate issues with its software wallet—coinciding precisely with the launch of their new hardware product. I wanted to observe the company’s internal atmosphere and direction. In fact, Decent is essentially the only remaining hardware manufacturing company in Korea. While software wallet issues must never happen again, I firmly believe the business itself must not fade away due to hardship. That’s why I was even more curious. Upon arriving, I found that Decent was co-hosting the event with @StellarOrg, and the venue was packed to capacity. Decent has long worked closely with the Ripple ecosystem, but this time, I sensed a clear expansion into the Stellar ecosystem as a key partner. I also saw Decent’s new hardware product and its card-style offering—both of which were impressively executed. The new hardware wallet, in particular, featured a more angular and refined design, with the fingerprint sensor relocated to the side for improved usability. I plan to purchase and examine the product in detail when the opportunity arises. Personally, I hope Decent emerges from this incident stronger than ever, ensuring such issues never recur—and that it continues building not only robust hardware but also a solid, on-chain-based ecosystem.
Before stepping into the office, I stopped by the booth for @gmgnai and had a brief chat. The question I asked was simple: “So, what’s your endgame?” The staff member at the booth couldn’t provide an answer, so I ended up speaking with the co-founder, @arthur_gmgn. Here’s a summary of our brief conversation: “We’ve been active in this ecosystem for three years now—originally starting with NFTs. It didn’t go well at first, but Gmgn has a solid business model, and we’re seeing strong growth today.” “Our primary trading base consists of retail traders who trade memecoins. The institutional demand you mentioned—I previously noted that liquidity will likely shift toward institutions—is definitely going to grow. We’re currently exploring ways within the team to tap into that opportunity.” “While tokenized stocks and memecoins might eventually migrate to platforms like Robinhood, ARK, or even Solana, we see ourselves as a terminal—unrestricted by limitations tied to specific chains or protocols. We believe we should simply follow where liquidity moves.” The company is currently headquartered in Hong Kong, with offices in Singapore and the U.S., and I confirmed that the team member handling Korea speaks fluent Korean. Personally, I don’t trade Puff or memecoins heavily, so it’s not my main area of activity—but I anticipate that platforms offering the most convenient user experience, simplest onboarding, and easiest access to liquidity will ultimately survive. I also expect growing demand for pairing memecoins with tokenized stocks on platforms like Robinhood, ARK, Solana, and Binance Chain in the near future.
I’d like to share a particularly compelling point mentioned by Jakob Kronbichler on the @BitGo stage. While briefly tuning into the panel discussion at KBW, I heard a remark that really resonated, and I’d like to highlight it here. @JKronbichler, who runs Nara—a stablecoin-related business—in Hong Kong, was asked what he expects to change over the next year. He responded: “Currently, all tokenization efforts are focused on equity tokenization, and many exchanges are now offering equity tokens. However, LPs—institutional investors and family offices—haven’t fully understood why they should care about tokenization. Now, as this market grows, they’re beginning to discover that beyond mere arbitrage opportunities from tokenized equities and assets, leveraging these assets through collateralization can significantly amplify returns—and their interest is surging as a result.” Personally, I’ve often wondered why institutions should care about tokenized assets, whether RWA or stablecoins. But this insight—that collateralized leverage is becoming the key flywheel for enhancing yields—is both timely and highly compelling.