We Visited The BIGGEST Web 3 Festival In Hong Kong To Look For Crypto Alpha..
AlphaDrop Description
Exploring the Web3 Festival 2023: Highlights and Insights from Hong Kong Join us as we dive into the Web3 Festival Event in Hong Kong, one of the largest Asia-based conferences originally from China. ...
AI Analysis
This video gives you a quick look inside the Hong Kong Web3 Festival. The presenters wander around the event, checking out the vibe, the booths, and sharing their immediate thoughts on what they see.
Here’s a rundown of what they covered and thought:
- Event Overview:
- The video is filmed at the Hong Kong Web3 Festival.
- The goal was to check out the scene and maybe find some crypto alpha (though none is explicitly shared from the event itself).
- Atmosphere and Vibe:
- The presenters felt the overall scale of the event was smaller compared to previous years.
- There was a noticeable presence of meme-related booths (like GMGN and Capybara), which was surprising and different from last year.
- They found the vibe to be very "Chinese style" and less international compared to other conferences like Consensus.
- Most attendees seemed to be local or from the region, with less English being spoken.
- The energy felt a bit subdued or less expressive compared to expectations, possibly due to cultural differences or the current down market.
- There's a sense that the excitement might be lower because the novelty of post-COVID meetups has worn off compared to the first event.
- Booth and Sponsor Observations:
- Booths were generally smaller and less elaborately set up this year.
- Many unfamiliar project names were present alongside established players.
- Key sponsors or prominent booths mentioned included OKX, Hashkey, GMGN, and Wanxiang (which had the main stage).
- The presence of meme projects having large booths, similar in size to big exchanges, was noted as interesting and a new development.
- There was a slightly awkward feeling, wondering if some booths (especially meme-related ones) were booked before the recent market downturn.
- Filming and Interactions:
- An interesting observation was made about filming: people tended to avoid a larger camera but would walk right past a smaller one.
- Interactions seemed brief; the focus was more on observing the general environment.
- Presenter Opinions & Feelings:
- They initially couldn't quite feel the usual conference energy.
- They acknowledged their expectations might have been higher based on the previous year's post-COVID reunion atmosphere.
- The strong local/Chinese focus was a key takeaway, making it feel different from more global crypto events.
- The meme presence was seen as fun and a notable shift from previous years.
- The concluding remarks about the "bull market coming" and finding "insane alpha" seemed more sarcastic or promotional for their channel rather than a reflection of specific findings at the event shown in the video.
Transcript
Guys, we are now in... Web3 festival Guys, we're now in Hong Kong Web3 festival We're gonna see what's up film some content for you. I'm gonna be behind the camera for Box Mining's vlog. Yeah, and we're just gonna see what's up. I'm here with my boy SBF. We're gonna be Let's see what they have. That's me Oh cool Rejected sorry What do you do with Box Mining? I chase deals You chase deals, you're best. What's the scene like this year? I think it's fun to see like GMGN because like we didn't see ...
