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Geneva, Switzerland – September 16, 2024 – TRON DAO took a prominent role as a Title Sponsor at the Korea Blockchain Week (KBW), a leading blockchain and Web3 festival held in Seoul, South Korea. During the event, Dave Uhryniak, Community Spokesperson for TRON DAO, delivered a captivating keynote focusing on the rapid evolution of the meme coin ecosystem within the TRON network, highlighting its unique attributes in the broader cryptocurrency landscape. The agenda at KBW 2024 included diverse topics such as AI integration with blockchain technologies and the revival of DeFi through the tokenization of real-world assets.
Korea Blockchain Week: A Celebration of Blockchain Innovations
Korea Blockchain Week (KBW), established by FACTBLOCK in 2018, is a premier global gathering that showcases innovations in blockchain and Web3 technologies. The event attracts industry leaders and features activities designed to enhance communication and collaboration within the blockchain community. As one of the most influential blockchain events in East Asia, KBW continues to drive innovation and discussion in the sector.
Key Insights from the Keynote Address
In his address, Uhryniak underscored the remarkable growth of the meme coin market, now valued at nearly $40 billion. He indicated that the ongoing expansion would likely attract increased attention from institutional investors who are beginning to see the vast opportunities within this sector. Drawing a parallel between meme coins and digital art, he noted their accessibility for creators:
“Meme coins reflect cultural reactions and often serve as commentary on current events. They empower individuals to express creativity, functioning as a quintessential Web3 application that democratizes art and social commentary.”
The Vision for a Decentralized Future
Uhryniak also emphasized the importance of establishing a truly decentralized network to empower creators and developers. TRON is dedicated to expanding the meme coin ecosystem, enabling users to harness their creativity and build communities. The TRON ecosystem is tailored to provide the essential tools and freedoms necessary for creators to transform their visions into cutting-edge projects.
About TRON DAO
TRON DAO is a community-governed decentralized autonomous organization (DAO) focused on promoting internet decentralization through blockchain technology and decentralized applications (dApps).
Founded in September 2017 by H.E. Justin Sun, TRON has achieved significant milestones since the launch of its MainNet in May 2018. July 2018 also marked the integration of BitTorrent, a leader in decentralized Web3 services with over 100 million monthly active users. To date, TRON has seen tremendous growth; as of September 2024, it boasts over 256 million user accounts, more than 8 billion transactions, and over $20 billion in total value locked (TVL), as reported on TRONSCAN.
Notably, TRON holds the largest circulating supply of USD Tether (USDT) globally, surpassing USDT on Ethereum since April 2021. In December 2021, TRON completed its full decentralization and transitioned to a community-governed DAO. In October 2022, it was appointed the national blockchain for the Commonwealth of Dominica, marking a historic collaboration between a public blockchain and a sovereign nation to develop its blockchain infrastructure. The government has also endorsed the issuance of Dominica Coin (“DMC”), a blockchain-based fan token aimed at enhancing Dominica’s global recognition, while seven TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD – have been designated as authorized digital currencies for use in the country.
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Media Contact
Yeweon Park
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