We may not realize just how extremely connected the world is today, but it is because we live in a digital-first reality. Dr. Raullen Chai reminds us that billions of smart devices and trillions of sensors exist around us, creating value and gathering tons of data worth trillions of dollars. By 2030, when the global population grows to about 10 billion, humans will own over 125 billion smart devices and machines, powering a $12.6 trillion machine economy. Dr. Chai’s MachineFi Lab is at the forefront of developing cutting-edge Web3 technology, enabling the burgeoning Decentralized Physical Infrastructure Networks sector so that, once completed, anybody can successfully tap into this fantastic new multi-trilliondollar business opportunity. Web3, the next evolutionary phase of the internet, presents a paradigm shift from the centralized systems of Web2 to a decentralized, peer-to-peer network. It promises increased user autonomy, enhanced privacy, and a more equitable distribution of power and wealth. With its foundations built upon blockchain technology and decentralized protocols, Web3 opens up a plethora of possibilities for innovation and disruption across industries, ranging from finance and governance to gaming, art, and beyond. We hear from Raullen Chai’s IoTeX, a leading tech provider in this multi-trillion-dollar sector. Raullen Chai CEO, Co-Founder at IoTeX
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