Unpacking Beijing’s Web3 White Paper, Circle’s Euro Coin, and Crypto’s Course

Join Alex Tapscott and Andrew Young as they decode the world of DeFi. Listen in as they discuss Beijing’s recently released “Internet 3.0 Innovation and Development White Paper,” the current standpoint of China’s crypto ecosystem, Circle launching Euro Coin (EUROC) on the Avalanche blockchain, a macroeconomic roundup, predicting the next big crypto market catalyst, assessing Web3 project economics and cost structures, and more!

This past week, Beijing released the “Beijing Internet 3.0 Innovation and Development White Paper,” a 100-page report promoting the industry’s development to position Beijing as a global innovation hub for the next era of the Internet. Stating that Web3 technology is “an inevitable trend for future Internet industry development,” the draft reflects on Beijing’s strengths, challenges, and solutions to firmly establish itself as a world-renowned innovational highland for emerging technologies. Circle, the creator of USD Coin (USDC), has launched the Euro Coin (EUROC) on the Avalanche blockchain as part of their multi-chain, multi-currency strategy, a move that follows EUROC’s inaugural launch on Ethereum in June 2022. With the NASDAQ hitting a 14-month high, Alex and Andrew provide a macroeconomic roundup and converse on what could be the next significant catalyst that ignites a cryptoasset bull run wave. Andrew offers insights and observations regarding Web3 projects’ economics and cost structures and highlights the importance of operational efficiency to remain afloat amid long-lasting bear markets. Tune in to the 98th DeFi Decoded episode to hear Alex and Andrew discuss all things DeFi. What is the Beijing Internet 3.0 Innovation and Development White Paper, and why should we care about it? With Circle’s Euro Coin launch on Avalanche, does it now have the legs to become big? When might the next large crypto catalyst occur, and what could it be?

TIMESTAMPS
[0:00] Introduction
[] Beijing’s Internet 3.0 White Paper
[] State of Crypto Ecosystem in China
[] Circle Launching Euro Coin on Avalanche
[] Macroeconomic Roundup
[] Predicting Next Crypto Catalyst
[] Web3 Project Economics & Cost Structure
[] Conclusion

ABOUT DEFI DECODED PODCAST

Alex Tapscott, Andrew Young and guests break down the fundamentals of Decentralized Finance (DeFi) and how this cutting-edge technology enables individuals and institutions to transact, and create value, without the need for traditional financial intermediaries.

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Part of Ninepoint Digital Partner’s DeFi Decoded Podcast Series. Available at Google, Apple, and Spotify Podcasts.