Binance co-founder He Yi dropped some serious truth bombs at the Hong Kong Web3 Carnival’s roundtable discussion, “Bridging the Gap: How Web3 Moves from Geek Culture to Mass Appeal.” She’s absolutely right to be fired up about AI – it’s a productivity revolution, plain and simple. It’s going to slash labor costs, and that’s a massive deal.
But here’s the kicker: blockchain isn’t just about tech; it’s about fundamentally changing how things work. It’s built for positive incentives – a win-win for platforms and users – and Binance is living proof. It’s about flipping the script and actually rewarding people for their involvement.
He Yi believes the real magic happens when you smash these two worlds together – AI-native and crypto-native – and honestly, I couldn’t agree more! We’re talking about potentially groundbreaking change. However, and this is a huge however, He Yi wisely warns that all the tech in the world doesn’t matter if it doesn’t serve a purpose.
Let’s break down what He Yi’s getting at:
AI fundamentally boosts efficiency, reducing the need for extensive human labor in many tasks. This is a clear production efficiency leap.
Blockchain pioneers a new organizational structure, redefining relationships between platforms and individual participants through incentive mechanisms. It’s about shared gains.
True innovation demands solving tangible problems; identifying genuine needs is paramount to creating successful applications.
The most impactful projects must establish clear, transparent frameworks for value creation and distribution, going beyond mere technical prowess.
Finally, and this really resonates with me, success carries responsibility. Entrepreneurs have a duty to contribute back to the communities that supported their journey.
She asked the questions we all need to be asking: What problem are you actually solving? And who the hell needs it? If you can’t answer those, you’re just building another shiny object. It’s about building systems that aren’t just profitable but meaningful, and then, crucially, giving back. It’s not just about making bank, people – it’s about making a difference.
