On February 10, the "Build and Scale in 2026" themed forum, jointly organized by ChainCatcher, RootData, and Alibaba Cloud, was successfully held in Hong Kong.

At the event, dozens of representatives from well-known projects and organizations, including Sei Labs co-founder Jayendra Jog, Alibaba Cloud Hong Kong and Macao digital native business head Leo Li, Spark co-founder Sam MacPherson, Chief Trade Research Department Deputy Director Eric Chong, Vana Foundation Managing Director Art Aba, Jarsy COO Yiying Hu, Web3 asset data platform RootData co-founder Hunter, Billions APAC market head Lulu, KiteAI APAC head Laughing, Psy Protocol founder and CEO Carter Feldman, and Huazhi Education RWA CEO Bitcoinmaodu, delivered keynote speeches and participated in roundtable discussions focusing on the integration and innovation of market opportunities and growth paths under the new cycle.

Keynote Speeches

Michael, co-founder and CEO of the ZK verifiable computing platform Brevis, delivered a keynote speech on "The Infinite Computation Layer Where Everything is Computable," sharing how ZK technology drives fundamental changes in blockchain computing paradigms.

Michael pointed out that the current on-chain computing costs of blockchain are high and slow. The "verifiable computing" paradigm proposed by Brevis can transfer heavy computations off-chain, requiring low-cost verifications on-chain, achieving decoupling of computation and verification, while supporting privacy protection scenarios.

The speech showcased performance breakthroughs of Brevis's core product Pico ZKVM: its latest generation Pico Prism can complete Ethereum block proofs in an average of 6.9 seconds, with 99.6% of blocks completed within 12 seconds, achieving real-time proof (RTP) for Ethereum for the first time. Currently, the Pico ZKVM, as an "on-chain ZK data co-processor," has been applied in multiple scenarios such as privacy-preserving incentive distribution, high-performance DeFi, and trustless on-chain data computation, providing Rust programming support for developers without ZK development experience.

Michael predicted that in the next 10 years, 99% of blockchain computations will occur off-chain, validated through ZK proofs. Brevis is promoting this process through its verifiable computing infrastructure.

Jayendra Jog, co-founder of Sei Labs, delivered a keynote speech on "The Future of Payments: The Current Status of Stablecoin Development in 2026," stating that stablecoins are surpassing DeFi to become a killer application for blockchain, and their revenue models will become more potent than transaction fees.

However, regarding the current rise of "dedicated stablecoin chains," Jayendra Jog expressed a cautious attitude. He noted that while dedicated chains have optimized throughput and compliance functions, their differentiated advantages are limited, and they have yet to prove effective in driving large-scale adoption.

Jayendra Jog also highlighted the latest developments of Sei Network. He stated that Sei Network has become the lowest-cost EVM-compatible stablecoin transfer chain, with an average of only $0.0005 for 200 stablecoin transfers. The upcoming Sei Giga will achieve throughput of up to 200,000 TPS and a final confirmation time of 400 milliseconds, providing high-performance infrastructure for stablecoin payments, RWA, and derivatives trading.

Sam MacPherson, co-founder of Spark, delivered a keynote speech on "The Growth Engine of DeFi," systematically explaining how Spark integrates savings, lending, and institutional capital allocation into a unified solution to address fragmentation and inefficiencies in on-chain capital markets.

Sam MacPherson pointed out that the current on-chain capital market still faces serious fragmentation and low capital utilization challenges. Spark builds its growth engine through three core products: first, the all-chain savings account Spark Savings, managing over $2.75 billion in deposits, providing users with a safe and stable revenue entry; second, the lending protocol SparkLend, focused on blue-chip assets, captures value by lowering external protocol commissions and fees; third, institutional lending in collaboration with Anchorage looks for risk-adjusted returns across DeFi, CeFi, and traditional finance.

He believes that the next phase of DeFi growth will depend on an integrated protocol that can seamlessly integrate multi-chain liquidity, provide institutional-grade risk control, and possess a sustainable token economic model. Spark is driving DeFi towards a more efficient and robust direction through its product matrix and ecosystem development.

Eric Chong, Deputy Director of the Chief Trade Research Department, delivered a speech on "Connecting Finance and Web3: Building the Next Era of Investor Confidence." He stated that based on Chief Trade's 46 years of financial service experience, there is a strong demand from high-net-worth investors for safe and compliant channels for crypto assets, which is the core driving force for traditional financial institutions to enter the Web3 space.

Eric Chong pointed out that Hong Kong's sound regulatory framework provides a safe environment for institutional participation in the crypto market, but investors are more concerned about how to participate in this emerging asset class through regulated and compliant means. To this end, Chief Trade will focus on three main directions: providing regulated crypto trading services, expanding the digital asset product line, and enhancing investor education.

He believes that the advantages of traditional financial institutions in financial credibility, compliance frameworks, and ecosystem connections will help guide investors to enter the digital asset space in a stable manner, and the integration of Web3 with traditional finance has become an irreversible structural trend.

Art Abal, Managing Director of the Vana Foundation, delivered a speech on "Why Data is Crucial for Building AI," systematically elaborating on the core value of data as "context" in the AI-dominated era and how users can regain data sovereignty and unleash its potential economic value through decentralized technology.

Art Abal pointed out that there is currently a serious data monopoly issue in the AI ecosystem. The vast majority of consumers rely on a single generic AI assistant and rarely use other major models, leading to the centralization of data and context. Meanwhile, large tech companies have continued to restrict API access, terminate free services, and plan to charge fees in recent years, essentially stripping users of control over their data and its contextual value.

In response, Vana proposed a complete solution. First, by developing tools that enable users to truly own their data; second, establish protocols to achieve cross-platform portability of data; and finally, build an ecosystem that encompasses applications, data DAOs (decentralized autonomous organizations), and services to unlock the deep value of data.

He concluded that in the AI era, data is context, and context is the key to differentiation. Vana's mission is to return data control, context, and its economic value to every user through decentralized protocols and ecosystems, to build a more open and fair data value internet.

Hunter, co-founder of the Web3 asset data platform RootData, delivered a speech on "Rebuilding Trust in the Crypto Market," proposing a new assessment system for crypto exchanges centered on "transparency."

Hunter pointed out that the crypto industry currently faces serious "black box operations" and core pain points due to distorted traditional trading volume rankings. To address this issue, RootData innovatively proposed six evaluation dimensions for crypto exchange transparency, covering: asset reserve transparency, compliance and auditing, token economics and unlocking, information disclosure mechanisms, standardized listing, and team and institutional endorsements.

Hunter emphasized that this assessment system has discarded the "volume-only theory," transforming "trust" into quantifiable and comparable dynamic data. This system was first unveiled in December of last year during the Binance Blockchain Week in Dubai, and applications are currently open to global exchanges.

Roundtable Discussion

Lulu, Billions APAC market head, Laughing, KiteAI APAC head, Carter Feldman, Psy Protocol founder and CEO, Bitcoinmaodu, CEO of Huazhi Education RWA, and other guests conducted a roundtable discussion on the theme "Web3 New Stage: From 'Technological Vision' to 'Mainstream Consumption'."

Lulu pointed out that the fundamental challenge of the AI era is identity and trust issues. She emphasized that future infrastructure must balance privacy protection and regulatory audit, and believes that by 2026, the core of the market will shift from speculation to infrastructure, particularly to meet the identity and responsibility verification (KYA) required by AI agents.

Laughing, KiteAI APAC head, focused on payment security for AI agents. He stated that blockchain technology needs to be used to control permissions and conduct behavioral audits on AI agents, establishing a "responsibility attribution closed loop" to build a secure and reliable payment system.

Carter Feldman, founder and CEO of Psy Protocol, believes that current blockchain technology cannot support the massive concurrent transactions brought by AI agents. They are building a high-performance blockchain that supports AI scale and protects privacy. He pointed out that AI agents will ultimately bring a massive user base and sustainable fee income to blockchain, pushing the industry into a truly profit-driven phase.

Bitcoinmaodu, CEO of Huazhi Education RWA, shared on-site the Web3 practical path of Huazhi Education in the private education sector. He stated that education is a long-underestimated real asset, and RWA provides a new organizational model for private education. By assetizing course content, faculty contributions, and learning outcomes, Huazhi Education is promoting traditional private education to shift from a "cost center" to a "sustainable value network," making education a genuinely accumulative and scalable asset system.

The attending guests unanimously agreed that it is a critical time for building infrastructure, as Web3 moves from concept to addressing actual pain points. Identity verification, agent payment security, and RWA compliance will become the core driving force for industry development in 2026.

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