Odaily News In the RockTree OG Talks series of roundtable talks co-organized by RockTree Capital and Odaily, Alex Tapscott, head of digital assets at Ninepoint Partners, said that the United States faces challenges in the Web3 encryption industry. He is more optimistic about the development potential of the Asia-Pacific region and non-Western countries, believing that the recognition of cryptocurrencies in these regions and their attitude towards them as a store of value will drive the rapid growth of the crypto industry. Tapscott also mentioned that according to data surveys, the development speed of Web3 in emerging economies is much faster than that of Western developed countries. For example, the number of NFT owners in Thailand exceeds that of Germany, France and the United Kingdom. He believes that young people in emerging economies and related regions are more willing to try new technologies due to the lack of traditional employment opportunities. Tapscott further pointed out that Web3 can help people transcend traditional geographical and cultural barriers, create a virtual Silicon Valley with the help of DAO, and provide a boundaryless innovation platform for young people with ideas. In addition, Tapscott also provided insights on the growth of the blockchain market, emphasizing that blockchain technology is transforming the Internet from an information network to a value network, making wealth creation more equal and decentralized, and making employment opportunities more diverse. . He foresees that Web3 will create a flatter and more efficient global economy, stimulate underutilized creativity, and bring business opportunities to create wealth for the young generation in Asia, Africa and Latin America.