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We ask builders in the blockchain and cryptocurrency industry for their thoughts on the company…and throw in a few random zingers to keep them on their toes!

This week our 6 Questions go to Tongtong Bee, co-founder of Panony – an incubator, investor and advisor for blockchain and Web3 enterprise.

I’m Tongtong Bee, co-founder of Panony and founder and editor of PANews. I started my professional career as a reporter at conventional news retailers in China, working with China Information Service, Jiemian and Cailian Media Group. Since 2015, I have been protecting blockchain and fintech news as one of the few journalists in China focusing on these sectors at the time.

My focus on financial issues and the rise of applied science led me to be chosen to report on the “two classes” (NPC and CPPCC) in 2018. And this is the year my accomplice of business Alyssa and I started PANews. We’ve published over 20,000 articles with an average of over 5 million monthly page views, become a regularly quoted source in crypto and blockchain journalism, with Forbes, Caixin, CCN, and we’re a news source official from Tencent Information.

1 – Try the top 100 initiatives in crypto by market capitalization, which of them stand out for you – and for what cause?

I have to say bitcoin. As a journalist with a passion for financial analysis, I was blown away when I discovered his concept for the first time.

Bitcoin is designed to be a huge step forward in making safer profits, in addition to being a strong deterrent to many types of monetary crimes. It is the first decentralized peer-to-peer cost community driven by its customers without a central authority. Bitcoin has now changed the world and may continue to revolutionize monetary techniques in many countries. It remains the inventive end result in all of its present and unlimited future uses.

2 — What is the most revolutionary use case for blockchain you have ever seen? It may not be the one with the best chance of succeeding!

As a member of Panony and PANews, we are always happy to meet and work with tons of thoughtful and groundbreaking initiatives around the world. For example, I’m personally intrigued by what they’re doing at Cudos, a decentralized cloud computing platform. We all know the cloud is expensive and centralized. Additionally, up to 50% of the time the {hardware} is idle or turned off, resulting in low return on finance for businesses and an unlimited carbon footprint. Thus, the current improvement trajectory is not sustainable for the planet.

The Cudos community, using its cloud-based distributed computing strategy that includes blockchain support, saves enterprises up to 10x more than large-scale centralized cloud platforms and hardware owners. } to offset (and probably earn from) the price of their {hardware} by renting out their computing power to the community.

Blockchain activity could be exuberant. I am happy that there are many capacities in the market to collectively build a better future.

3 — What does decentralization mean to you and why is it essential?

Good request. The decentralized internet is the unstoppable way forward for the web.

In the current model of the Internet, known as Web2, people cannot ignore the results of big corporations controlling what happens online: private information tracked and bought without our permission, lack of energy for our content, domination by advertisements… Much of the Internet is centralized. Web3, which seeks to radically reinvent the way we design and work with applications from the bottom up, will fix many of these points. There are some basic variations between Web2 and Web3, but decentralization is at the core.

The Ethereum community is currently the largest decentralized community, with access to hundreds of decentralized functions. With a focus on digital possession, the revenue potential for content creators and innovations in recent methods of speculation have increased. And in a decentralized internet, people can manage their information, not a mega corporation or anyone else.

4 – List your favorite sports activity bands and select the most memorable moment after watching them. If you’re not a sports fan, choose a few movies and a second!

Passionate about winter sports myself, my memories of the Beijing 2022 Olympics are however recent! Eileen Gu winning two golds and a silver in a single sport is definitely a freeski sensation. Not just looking at her pretty strikes is breathtaking; I also admire his constant efforts to encourage women. I’m also honored to have made the Forbes China 30 Under 30 in 2020 with her (totally different list)!

As a female entrepreneur, I love her spirit of sticking to goals, challenging the established order, pursuing desires with ardor and fixed hard work. It gave me energy when my business partner Alyssa and I started our business together.

5 — In case you don’t want to sleep, what would you do with the extra time?

I really don’t want to sleep so I can do more things that interest me. I would probably learn more books because I always find it interesting to learn something new. Throughout the two months of confinement in Shanghai, I have come out of an indoor badminton training behavior and I can continue to do so, doing it properly outdoors.

I am extremely grateful that my husband and I share many hobbies, and one of them is writing a book together about promotion in Shanghai. We are also very interested in making documentaries for Chinese artists and hope the world will see them sooner or later.

6 — What is the way forward for social networks?

We envision that the way forward for social media lies with content creators, communities – not sure which platforms manage stories. This is what Web3 brings us. Decentralization could be the blueprint for the way forward for social media: customers could have direct access to the decentralized platform; no centralized authority can dictate the principles of engagement and monetization; social media will become a freer space while granting content creators full ownership of their assets.

Decentralized Autonomous Organizations (DAOs) are a new form of online social grouping that may have far-reaching implications. DAO properties are likely to have an unlimited impression on the social media business. Blockchain tokens have the potential to change this association by allowing creators to monetize their subscribers using many of the similar strategies that DAOs use to reward their members for their contributions.

We have now seen user requests that Twitter may have the potential to change the stability of the installation and be redesigned into a Web3 platform. We are also grateful to see that a number of initiatives, including Just one and Rally, are dedicated to overhauling social platforms and rebuilding the social and financial system for creators.

A need for the younger and bolder blockchain neighborhood:

Our community needs more builders with warm hearts and cool minds. Much less FOMO, more stamina. And confusion is nice: it makes people think about themselves.