On April 11, hosted by MetaStone and Odaily, co-organized by MixMarvel and AWS, and supported by top partners such as CREGIS, Jasmy, HOPE, Souff l3, LD Capital US, ArkStream Capital, SevenX, Jubi, zkMe and other top partners, "Over the Moon — Chasing Waves Web3" summit held in Hong Kong.

Souffl3Co-Founder Daniel attended the event and shared the theme. The full text of the speech is as follows, organized by Odaily.

It is my great pleasure to take this opportunity to meet you all. In fact, I am also an old man in Web3. Maybe many friends knew me before, and I also met many old friends today. My name is Daniel. I was in Encryption Valley and Lianwen before. Last year, I made a new project with a few friends, which is based on Move Ecological NFT trading platform Souffl3. This is our first appearance in the Chinese Web3 field, and we have been active on the English platform before. The name of our platform is Souffl3, and many friends may not know how to pronounce it. The name comes from the French dessert "souffle", which is soufflé. We have never had a Chinese name, so we would like to take this occasion to announce our Chinese name. Our Chinese name is "Xiaoxile" (laughs). I hope it is easy to remember and can read our English pronunciation correctly. I also hope that Hong Kong will become a "comfortable" entrepreneurial and policy space for Web3 entrepreneurs. I believe this is also the common wish of the friends who gathered in Hong Kong this time.

Let me talk about the origin of our team first. We are a group of serial entrepreneurs who are very experienced in both Web2 and Web3, and our members are distributed all over the world. 70% of our team are senior programmers, including the top ten employees of ByteDance, etc. Our technical strength is very solid. We raised a $2 million seed round last year when the Aptos mainnet was launched. Since the launch of the Aptos mainnet in October last year, we have made a lot of products based on the Move language. The core is the NFT trading platform Souffl3: in addition to NFT secondary transactions, it also has Launchpad for primary issuance; it also has an aggregator, It can aggregate all other NFT transactions on the Aptos main network; at the same time, it also integrates the first NFT AMM Mobius on Aptos, which can provide better liquidity for NFT on Aptos like Sudoswap on Ethereum, and the transaction entrance is at Souffl3. If you are more active in the English Twitter circle, you should know that the Token Box airdrop jointly launched by us and Mobius is unprecedentedly popular.

The reason why we have "All in Move Ecology" is because we believe that the Move language is the next generation of smart contract language that may bring a fundamental revolution to Web3 (Editor's Note: Here you can refer to the hot article published by our previous CTO:"Why We Think Move Will Surpass Solidity"). Everyone who knows the Move language should know that it was first born from Facebook’s Libra project. After many iterations, it was finally fully open sourced and owned by the community, becoming a new generation of “asset-oriented” smart contract programming language. Our technical team has very early experience in using the Move language for on-chain development. As early as 2020, it has developed many DeFi and NFT projects. It can be said that it is the earliest team in the world with Move practical experience. The Souffl3 team proposed the first NFT protocol standard in the Move ecosystem. It is not only compatible with Ethereum ERC-721 and ERC-1155, but also has excellent scalability, providing a solid underlying support for dynamic NFT and GameFi.

I will also introduce our other product families and partners. The first is the AptoScan on-chain browser that one of our front-end engineers spent a day making. Later, it iterated and added the NFT data dashboard; WA V3 built the NFT underlying protocol and creator tools. Both Souffl3 and Mobius are based on The development of these underlying tools; Mobius is our in-depth partner, the first NFT AMM of the Move ecosystem; Sw33t Friends is the first dynamic NFT Collection. So in fact, around Souffl3, we have made a complete layout in the NFT field.

Here, I will talk about what we have done in the past half a year from three aspects. First, we launched a complete high-performance NFT technology stack. On the protocol layer, we cooperated with Aptos official and WAV3 to launch the first NFT protocol; on the infrastructure, we established our own index service, made the casting and distribution of NFT on the whole chain, and realized the millisecond level of the whole chain Data indexing service. If you have played with NFT, you should know that many NFT files do not exist on the chain but on decentralized storage servers, which is theoretically not transparent and safe enough. We believe that storage on the entire chain in the future is also a very important point for Layer 1 and Layer 2. Finally, at the level of trading applications, we launched intelligent trading functions, covering order books and AMMs, and launched the zero-code distribution tool Freelaunch, where users can completely set parameters and issue their own NFTs. This tool is completely free and there is no commission. Now more than a dozen projects have been issued, and some projects are even among the best in the Apots NFT trading market.

Here is also a summary of our highlights, which is our proud technical strength. We have indexed more than 14,000 NFT Collections in the entire network on the Aptos chain, and there are about 1.9 million NFTs. The entire index delay is less than 1 second, and TPS is in Around 10000, the response time is below 500 milliseconds. The essence of the blockchain is a distributed ledger, and its native readability is very poor, which is not conducive to building applications. We believe that first-class indexing services are the basis for building smooth upper-layer applications. Therefore, although we are an NFT trading platform, we will reach out very deeply and provide customers with a more comprehensive and silky trading experience through our own underlying indexing services.

Secondly, I want to share that we are very optimistic about GameFi and believe that the new generation of Layer 1 public chain can empower GameFi. GameFi requires high concurrent processing capabilities and very low transaction fees to support a very smooth experience close to Web2. Here is an example. We have cooperated with the senior art team Fistdop Studio to release the first dynamic NFT Collection "Sw33t Friends" in the Move ecosystem. Users can collect NFT components such as the cat's body, tail, ears, eyes, muzzle, mouth, etc., and freely assemble and disassemble them on the chain in the form of Mutate. All data and combinations are on the chain, and the experience is close to Web2. Although this is an experimental project, it has brought us a lot of innovative ways to play the Move language, and also set a transaction record, and the community is very popular.

Also on our Souffl3.com is a long-running event called Bake Off, which runs on the Aptos mainnet and has evolved to version 3.0. If there is an Aptos wallet suggestion here, you can all play with it. The gameplay is to collect 5 kinds of food NFT, and each food NFT has a "HP life value", which is the concept of SFT (semi-homogeneous token), which will be automatically consumed according to the number of baking. Food material NFT can be freely circulated and traded, and will be recycled when it is exhausted. Users can obtain blind boxes by baking, and can issue various types of prizes such as NFT, APT cash, and whitelists.

The Bake Off event is one of the most popular applications on Aptos. We can see that our data is also very impressive. A lot of NFTs have been minted, and a lot of addresses have participated.

These applications of dynamic NFT in the Move ecosystem itself incorporate a lot of gamification (Gamefication) gameplay. It is not necessarily a complete game experience, but combining these gamification gameplay with NFT, it can be programmed through the NFT itself. Sex and interactivity create many new possibilities for product-based virality.

We have not only made a lot of innovations in products, but also made efforts from an operational perspective. Souffl3 is not just a trading platform, behind Souffl3 is also the largest and most active NFT community in the Move ecosystem: our official Twitter has 210,000 followers, and Discord has 150,000 members. We have a slogan "One Souffl3, All Aptos", that is, you can get all Aptos NFT trading opportunities, resources and community popularity through the Souffl3 portal.

We are also willing to cooperate with NFT project parties to expand the Move ecosystem. We are very active in the English community. I believe that if you have followed Aptos or Sui ecology, you may not know the name Souffl3. We have AMA every week, and there are a lot of media reports on us. We are an in-depth partner with Galxe, the largest task incentive platform on Web3. Every time we send out OAT, we are all sold out. We also help our Launchpad project issue OAT. Therefore, we are willing to help our ecological partners obtain various resources.

What I want to share next is our next major development: full support for Sui. This year, Sui's main network will be launched soon. Our internal slogan is "MOVE FAST, BUIDL MORE", and we have a lot of layouts on Sui's main network. All core NFT trading functions of Souffl3 have been launched on the Sui permanent testnet. At the same time, we have also implemented a cross-chain function. In the future, NFT on Aptos can be crossed to Sui, and NFT casting opportunities on Sui can be directly exchanged.

Second, we launched the Testmint series of events. As long as users receive Sui test coins, they can mint commemorative Testmint NFTs and stake them on our cooperative AMM platform Mobius to obtain Mobius Token Box airdrops. In the past 30 days, the joint transaction volume of Souffl3 and Mobius accounted for 80% of the entire Aptos network, and the NFT transaction portal accounted for 95%, which increased the average daily transaction volume of Aptos NFT by 5 times, and the weekly transaction volume increased by 500% month-on-month.

In fact, there are many NFT trading platforms on the Sui testnet, and the competition is fierce, but we are also number one in terms of user scale and activity. Next, Souffl3 will fully support the launch of the Sui mainnet and become the most important NFT trading platform and vertical community in the Sui ecosystem.

Finally, what we want to share here is that based on the practice of the past few months, we also have some long-term thinking. AI has ushered in the "iPhone moment", so what is the "iPhone moment" of NFT? We are also thinking, and here we are sharing our unsystematic ideas with you.

First, we feel that AI will greatly liberate productivity. I also listened to the sharing of some guests yesterday. In fact, the industry that is most impacted by AI will be the most prosperous industry and the industry that benefits the most from AI. The previous boss of Meta Stone shared that AI is used in the field of quantitative trading. It has been a long time, and I believe that there is no quantitative team that can survive without AI Trading.

Next, there will be the field of content creation. AI will definitely greatly empower creators, and in turn, the economic model and token economy of Web3 will also empower AI. Everyone knows that ChatGPT is now taking the paid route. On the one hand, there is an impulse to make profits, and on the other hand, they are a centralized service, which cannot withstand the influx of so many hundreds of millions of users at the same time. In a few years, we will talk about generative artificial intelligence. A distributed network should be needed to handle such a large amount of concurrency. AI also needs to work part-time to earn the corresponding Token. We believe this is also a very important trend.

The second point is that we believe that based on the high performance of the new generation of Layer1 and Layer2 and the innovation of the smart contract language, NFT will have higher programmability. Like DeFi, it can have more composability and more play.

The last point is NFT-Fi. We believe that NFT-Fi can solve the problem of insufficient liquidity of NFT that everyone is suffering from. The imagination of NFT assets is very large, and it can map many non-homogeneous assets in our real life that are much larger than financial assets, such as real estate, various certificates and bills. Why has the digital mapping of these assets not yet occurred on a large scale in the NFT field? A guest mentioned just now that everyone is optimistic about Utility NFT, so there are still many things NFT-Fi can do.

So based on these three insights, do we have any examples of innovation? This is what Souffl3 will focus on this year, and we hope that investment institutions, creators and industry partners who are interested in these tracks can join us in doing this.

Here I give three examples. First of all, the content of the dynamic NFT can be changed. The small pictures or videos stored in the NFT are constantly changing on the chain, and the dynamic NFT+AI+DID, such as identifying which tokens are in the wallet, which tracks you are interested in, Do you advertise directly in your wallet, and do "Focus Media" in your digital wallet. This is a very interesting idea.

Second, if you have used generative AI, you will find that keywords are very important. Prompt prompt words are already very valuable assets. If the prompt words are well designed, the effect of the output is completely different. How to tune the AI ​​to produce better results is very valuable. We want to say that Prompt can be traded, which is somewhat similar to the transaction of ENS domain name NFT. When a set of valuable prompt words can form a strong binding relationship with an AIGC content, it can bring new changes to the market. Prompt word NFT will soon become a very strong field combining AI and NFT, and there are actually many projects being explored.

For example, specific keywords can generate images of a specific style, including PFP images, etc. If anyone here has done this, you should know that how to adjust it is very difficult. Some NFT artist teams we have come into contact with may have good art, but they don’t know how to optimize it themselves. But after combining AI Have a very big imagination. That's something we're doing too.

Third, we believe that GameFi As A Service is the general trend, that is, GameFi can be used as a packaged on-chain cloud service to empower many traditional games. Based on Sui, Souffl3 has a complete set of mature technology and operation tools, which can help traditional game teams quickly issue NFT assets and make profits. Even the traditional online games and 3A games that we are already familiar with now, their game props can also be leased through the issuance of NFT assets, and even develop a derivatives market.

I am very glad to have the opportunity to share with you, and I hope that you can contact me after the meeting, and also hope to have more discussions with research-oriented investment institutions and Token Fund. We are firmly optimistic about the NFT track, and believe that Long NFT Long China is the consensus of everyone, thank you everyone.