Web financing

Justin Sun Speaks at UDC: TRON Ecosystem Paves the Way for Web 3.0 with User Base Expected to Grow to Compete with Ethereum Next Year

Busan, South Korea

–Direct News–

HE Justin Sun, Founder of TRON, attended the Upbit Developer Conference (UDC) on Friday morning September 23 in Busan, South Korea.

Sun delivered a keynote titled “TRON paves the way for Web 3.0” via a video link, suggesting that Web 3.0 brings us closer to a decentralized future. The TRON ecosystem is striving in multiple areas such as community, technology, and asset liquidity to democratize finance and foster a better environment for art, games, media, and more. in Web 3.0.

Sun began by highlighting the possibilities offered by Web 3.0. He believes Web 3.0 can make a difference in transparency, decentralization, scalability and support for charities. Although Web 3.0 still has hurdles to overcome, including government regulation and a lack of public consensus, Sun is adamant that digitalization is what will define the future. The scale of virtual assets has grown exponentially over the past decade, and such rapid growth will not slow down in the future.

Sun also introduced TRON’s proactive efforts and business innovations in the rapidly growing Web 3.0. TRON has pioneered the digitization of artwork, funding artists and art competitions, and hosting TRON Grand Hackathons, all dedicated to supporting the blockchain industry.

TRON has seen 50 million accounts added each year, Sun noted. Based on this growth rate, it is expected that TRON will have a user base equal to that of Ethereum next year. Regarding the highly anticipated USDD, Sun pointed out that it is the first over-collateralized decentralized stablecoin.

Hosted by Dunamu Inc., a well-known Korean fintech company, UDC is said to be Korea’s first developer-focused blockchain conference. First held in 2018, UDC hosted its 5th annual BPEX on September 22-23, 2022. This year’s theme “Imagine Your Blockchain Life” attracted dozens of blockchain industry personalities to discuss of NFT, Metaverse, DeFi, Web 3.0 and other trends in the space. Sun was invited to attend as the founder of TRON, one of the three largest public chains in the world.

A robust ecosystem incorporating an underlying protocol, smart contracts, NFTs, and a metadata storage system has been built on TRON’s MainNet. It is one of the largest blockchain-based mining protocols for decentralized applications. As part of TRON’s global footprint, Sun’s presence at the UDC drew a lot of attention and lively discussion. Many wonder if this is a hint of TRON’s expansion into the South Korean market.

With the promising developments of the blockchain industry in South Korea in recent years, TRON was keen to enter the market. In 2020, TRON partnered with Samsung to integrate with Samsung’s blockchain keystore and enabled in-built blockchain wallets on Samsung mobile phones to support TRX, which is the native token of TRON. TRON participated in the NFT BUSAN 2021 conference, jointly organized by the Busan Metropolitan Government and the Busan Blockchain Industry Association. Budlers NFT tokens, featuring a cartoon seagull, the Metropolitan’s mascot, were issued at the conference; TRON also donated $200,000 to the Busan Blockchain Industry Association to help build and grow the global blockchain ecosystem.

APENFT, the NFT Marketplace on TRON also spoke at the conference. Yuliana Bravo, Director of Global Business Relations at APENFT, delivered a keynote titled “The Future of NFT Decentralization: APENFT, TRON, and BitTorrent.” Bravo shared that the APENFT Marketplace is dedicated to transforming the world’s best works of art into NFT on the blockchain as a TRON-based NFT platform. He will take various steps to lead and promote crypto art in the age of Web 3.0.

About TRON DAO

TRON is dedicated to accelerating the decentralization of the Internet through blockchain technology and decentralized applications (dApps). Created in September 2017 by HE Justin Sunthe TRON network has continued to deliver impressive achievements since the launch of MainNet in May 2018. July 2018 also marked the integration of the ecosystem of BitTorrent, a pioneer of decentralized Web3 services with over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of August 2022, it had over 112 million total user accounts on the blockchain, over 3.8 billion total transactions, and over $13.2 billion in total value locked (TVL), as shown on TRONCAN. Additionally, TRON hosts the largest circulating supply of USD attachment (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed its full decentralization in December 2021 and is now a community-governed DAO. More recently, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto pool for the blockchain industry – TRON DAO Reservemarking the official entry of TRON into decentralized stablecoins.

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Contact Details

Hayward Wong

press@tron.network

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