BOOM Talks7 Recap: Will Dali Become the Next “Bay Area”?
On August 20, the Dali Web3 Summit came to a successful conclusion. Actually this summit didn’t run smoothly, being forced to cancel in unified venue and expelled by the police in branch venues. But still, it has not stopped people’s passion for Web3.
On August 25，Boom initiated the topic of “Will Dali become the next Bay Area?”The event was hosted by Grace, head of BOOM Marketing and we were glad to have these six guests to join us:
Sunny，Core Contributors of Dali Web3 Summit
Niels，Co-founder of BuidlerDAO
Kiwi，Head of Research at Peking University Blockchain Association
Zishi，Founder of 321DAO
Anran，Founder of DID Project
Q1: Compared with previous events, what new experiences and feelings do you have at the Dali Web3 Summit?
Sunny: This event is quite special. First of all, most of the summits are usually prepared by the main sponsor or several co-sponsors, but this event was actually an inspiration from several core members of 706 during their discussion. Second, this summit was held just in the form of DAO. The last special thing is that the event was canceled at the last minute, and Plan B was carried out instead.
Niels: Actually, I was very busy then and didn’t plan to attend the event, but when I managed to get there, I found that it was beyond my expectations. I met a lot of experienced and knowledgeable people in this circle, and of course some passionate newcomers as well. I should say I have gained a lot in this event, which will be quite helpful in our own business.
Q2: It was reported that the participants in the Dali Web3 Summit were expelled by the police. What is the truth?
Sunny: Actually, this is very interesting. Since the main venue was canceled, many follow-up activities were basically held in branch venues. Some venues were somehow targeted by the police. I guess the police might discover a lot of non-local phone numbers in this place through some means, so they just came here for the sake of epidemic prevention. Later, the police also noticed some sensitive words such as virtual currency at the venue, and found something like a small button. They said it was virtual currency. This has become a “joke” in Dali.
Yang Anran: Actually, I was super worried when we had this problem, because we had a DID-themed event, and we also planned to give out SBT to the participants. On that day, I went to the venue very early, observing the situation at the door and trying to think of measures to deal with all possible problems. Later, more than 80 people came to the venue. Luckily, nothing bad happened from the very beginning to the end.
Q3: The Dali Web3 is full of wholesome atmosphere, and some people think that it may become “Dalifornia”. So, is Dali expected to become the next “Bay Area”? What are the similarities and differences between the two of them?
Kiwi: That’s a very good question, and it’s quite interesting actually. Relatively speaking, the overall situation is still pessimistic. Currently, due to the domestic atmosphere and the objective constraints, there is still a very large gap between the reality and the great ideal, namely to become the next center. Such gap is seen in universities, talents, mechanisms, and capital. But the optimistic point is that at least a seed was planted here. Just like in Lisbon, they also held some summits, which brought out some outstanding developers and a very wholesome atmosphere as well.
Wang Jianshuo: I personally like Dali very much. This is a premise. From the perspective of physical conditions, Dali and the Bay Area are quite similar. For example, San Francisco Bay and Erhai Lake are similar in size, and Dali University corresponds to Stanford University. In terms of climate, I specifically compared the climate in the “Bay Area” and Dali, finding out they are almost the same. Not only that, culturally, Dali is also planning to nurture the hippie culture of the Bay Area in the 1930s and the gold rush from the east to the west of the United States. But there are also many differences. For example, Dali is only a county-level city now, so it will take a long time to become the next Silicon Valley. To sum up, I think Dali is to us what Aspen is to the United States, or what Davos is to the global economy, or even what New Zealand is to the whole world. It’s such a unique and pure place where we can gather together.
Zi Shi: To be honest, there may be a little bit of resemblance to the “Bay Area” from the spiritual perspective. We may have made some jokes about its geographical feature, but it’s barely reasonable to call it the “Bay Area”. Because Dali itself is relatively less competitive for people to stay here. People will return to big cities like Beijing, Shanghai, and Guangzhou in the end.
Q4: Through the trip to Dali, how do you view the development of Web3 in China today?
Niels: For the development of Web3 in China, I think there are two points we may take into account: “China” and “Chinese people”. In terms of China, I don’t know what the future policy will be like, but I do believe we have planned to go out at some point in the future. In terms of the Chinese people, I think it may be a little better, especially the research and development capabilities of Chinese teams on the application layer. So, I think the domestic development from the geographical perspective is not optimistic. But I am still very confident about the Chinese entrepreneurship in Web3.
Yang Anran: Whether it is domestic or foreign, I actually have some different views. The domestic environment is not unsuitable for web3 development. On the contrary, it may be more suited for the implementation and development of some web3 applications. And due to some factors, I personally think highly of the development of domestic Web3 market.
Q5: From the perspective of individuals or institutional investors, which sectors of Web3 are worthy of further attention?
Kiwi: In my opinion, at least for the past few months, the narrative across the whole market has depleted. From the viewpoint of investment institution, there are only two hot spots this year: one is the so-called modular chain, and the other is the Move language. In fact, with the macro cycle overlapping with the cycle of the entire industry, the next four years will be rather tough. In this case, I am not very optimistic about the development of the application layer. I am not badmouthing it. Maybe everyone needs to think seriously about how to bring new users to the industry and achieve some growth.
Niels: I haven’t experienced the bear market yet, and I’m still focusing on the DAO sector. As entrepreneurs, we revere cycles, but we are not afraid of cycles, and we will find ways to survive till the next bull market and come out with truly valuable products for the industry.
Yang Anran: I think that in an industry’s life cycle, the bear market is more able to give birth to fundamental technology-based infrastructures that can really pervade the bull market.
BOOM is a SocialFi platform connecting Web2.0 and Web3.0. Since it was launched in January, the early users have surpassed 100,000 and Boom has now become the most popular decentralized Crypto Lovers community in 2022.