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Geneva, Switzerland – September 16, 2024 – TRON DAO was a prominent Title Sponsor at Korea Blockchain Week (KBW), a global festival in Seoul focusing on blockchain and Web3 technologies. Dave Uhryniak, a representative for the TRON DAO Community, presented an engaging keynote addressing the rapidly evolving meme coin ecosystem on the TRON network and its distinct position within the cryptocurrency market. KBW 2024 encompassed discussions on diverse topics including AI integration with blockchain technology and the revival of DeFi through the tokenization of real-world assets.
Korea Blockchain Week (KBW) stands as an international gathering celebrating innovations in blockchain and Web3. Established by FACTBLOCK in 2018, this event unites industry experts, innovative technologies, and a variety of activities aimed at enhancing dialogue and cooperation within the blockchain community. Recognized as one of the key blockchain events in South Korea, KBW plays an essential role in promoting innovation and fostering conversation across the East Asia region.
In his keynote address, Uhryniak remarked on the astonishing expansion of the meme coin market, nearing a total worth of $40 billion. He pointed out the likelihood of increased participation from institutional investors as the market grows and its significant prospects become evident. He likened meme coins to modern digital art, stressing their openness for anyone to create. He asserted, “Meme coins reflect a reaction to culture and often serve as a commentary on societal events or trends. They afford everyone the chance to express their creativity. They epitomize the perfect Web3 application by democratizing artistic expression and social commentary.”
Uhryniak further stressed the vital importance of establishing a genuinely decentralized network that empowers creators and developers. With the emerging focus on advancing the meme coin ecosystem, TRON is enabling users globally to tap into their creativity and engage with communities. The TRON ecosystem is fundamentally structured to provide creators and developers with the necessary tools and freedom to transform their ideas into cutting-edge projects.
TRON DAO continues to pursue its vision of a decentralized internet by developing innovative blockchain solutions while fostering robust connections with communities worldwide. Participating in Korea Blockchain Week underscores TRON DAO’s commitment to influencing the future of decentralized technologies and fostering education and inspiration in the blockchain realm.
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About TRON DAO
TRON DAO operates as a community-driven DAO focused on expediting the decentralization of the internet through blockchain technologies and decentralized applications (dApps).
Founded in September 2017 by H.E. Justin Sun, the TRON network has achieved remarkable milestones since the launch of its MainNet in May 2018. July 2018 also marked the integration of BitTorrent into the ecosystem, known for its decentralized Web3 services, boasting a user base of over 100 million monthly active users. The TRON network has gained remarkable traction in recent years. As of September 2024, it has registered over 256 million total user accounts on its blockchain, with more than 8 billion total transactions and over $20 billion in total value locked (TVL), according to reports from TRONSCAN.
Moreover, TRON holds the largest circulating supply of USD Tether (USDT) stablecoin globally, surpassing USDT on the Ethereum blockchain since April 2021. The TRON network reached complete decentralization in December 2021 and is now governed by its community. Recently, in October 2022, TRON was recognized as the national blockchain for the Commonwealth of Dominica, marking a historic partnership between a major public blockchain and a sovereign nation to develop its national blockchain infrastructure. Additionally, the government has endorsed the issuance of Dominica Coin (“DMC”), a blockchain-based fan token aimed at enhancing Dominica’s international recognition, and seven existing TRON-backed tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD – have attained official status as recognized digital currency and mediums of exchange within the nation.
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