6 Issues for Tongtong Bee of Panony – Cointelegraph Magazine



We talk to the buidlers in the blockchain and cryptocurrency sector for their feelings on the industry… and throw in a couple random zingers to hold them on their toes!


This 7 days, our 6 Queries go to Tongtong Bee, co-founder of Panony — an incubator, investor and adviser for blockchain and World-wide-web3 business enterprise.

I’m Tongtong Bee, the co-founder of Panony and founder and editor-in-chief of PANews. I started out my specialist journey as a journalist at China’s conventional information retailers, like China Information Services, Jiemian and Cailian Media Group. Due to the fact 2015, I have been masking blockchain and fintech news as just one of the few journalists in China to concentrate on these sectors at the time. 

My target on financial problems and rising technologies led to me staying picked to report on the “Two Sessions” (NPC and CPPCC) in 2018. And which is the yr my business companion Alyssa and I begun PANews. We’ve published over 20,000 articles or blog posts with an average of above 5 million web page sights per month, turned a regularly cited source in crypto and blockchain journalism, such as Forbes, Caixin, CCN, and we’re an formal news supply of Tencent News.

1 — Looking at the major 100 projects in crypto by industry cap, which kinds stand out to you — and for what cause?

I have to say Bitcoin. Being a journalist eager on financial analysis, I received blown absent when recognizing about its concept for the first time. 

Bitcoin is made to be a substantial phase ahead in creating cash additional secure, as well as a important deterrent to numerous varieties of money crime. It is the to start with decentralized peer-to-peer payment community driven by its buyers with no central authority. Bitcoin now has adjusted the globe and will continue revolutionizing the money devices in many countries. It continues to be the innovative result in all of its existing and limitless foreseeable future utilizes.


2 — What is the solitary most progressive use situation for blockchain you have ever found? It might not be the 1 likeliest to be successful!

Staying section of Panony and PANews, we generally feel thrilled to meet and operate with hundreds of fantastic, revolutionary projects worldwide. For illustration, I’m individually intrigued with what they are executing at Cudos, a decentralized cloud computing platform. We know that the cloud is pricey and centralized. In addition, up to 50% of the time, the hardware is inactive or switched off, resulting in very low return on investment decision for enterprises and an enormous carbon footprint. As a result, the present growth trajectory is unsustainable for the world. 

The Cudos network, making use of its cloud-based distributed computing method that features blockchain assist, enables organizations to help you save up to 10 occasions far more than centralized hyper-scale cloud platforms and components owners to offset (and likely profit from) the price tag of their components by renting out their computational electrical power to the network.

The blockchain market can be exuberant. I’m glad there are a great deal of talents out there making a improved long run collectively.


3 — What does decentralization necessarily mean to you, and why is it significant?

Very good query. The decentralized world-wide-web is the unstoppable long run of the internet.

In the recent version of the net, also recognized as Internet2, men and women simply cannot overlook the success of large firms controlling what occurs online: private information remaining tracked and sold devoid of our permission, loss of power for our contents, remaining dominated by ads… Most of the internet is centralized. Web3, which seeks to drastically reimagine how we design and style and interact with apps from the ground up, will deal with a lot of of these difficulties. There are a several basic dissimilarities among World wide web2 and Internet3, but decentralization is at the heart.

The Ethereum network is presently the major decentralized network, with obtain to countless numbers of decentralized programs. With a concentrate on electronic possession, the earning potential for material creators and the inventions of new means to make investments has elevated. And in a decentralized web, folks can management their information, not some mega corporate or anybody else. 


4 — Checklist your beloved sporting activities teams, and pick the one most memorable second from watching them. If you aren’t a sports activities lover, pick a handful of films and a instant!

As a wintertime activity enthusiast myself, my reminiscences of the Beijing 2022 Olympics are however fresh new! Eileen Gu successful two gold medals and one silver at a solitary activity is definitely a no cost ski sensation. Not just watching her wonderful moves is jaw-dropping I also admire her consistent initiatives to encourage girls. I’m also honored to have manufactured the Forbes China 30 Underneath 30 in 2020 with her (unique list)! 

As a female entrepreneur, I admire her spirit of sticking to objectives, complicated the standing quo, pursuing goals with passion and constant challenging work. It gave me power when my company partner Alyssa and I started off our business with each other.


5 — If you did not need to have snooze, what would you do with the more time?

I definitely wish I really do not want to sleep so I can do much more things that interest me. I would possibly examine far more publications simply because I constantly obtain it intriguing to get to know a little something new. For the duration of the two-thirty day period lockdown in Shanghai, I grew out of a habit of indoor badminton workout and will maintain on performing that, accomplishing it correctly outside.

I’m tremendous grateful that my husband and I share quite a few hobbies, and just one of them is to generate a e-book collectively on advertising in Shanghai. We’re also fairly fascinated in earning documentaries for Chinese people artists and hope the world could see them just one day. 


6 — What’s the potential of social media?

We imagine the foreseeable future of social media is owned by content creators, communities — not sure platforms that management the narratives. This is what Internet3 provides us. Decentralization could be the blueprint for the upcoming of social media: Users could have direct obtain to the decentralized platform no centralized authority can dictate the principles of engagement and monetization social media will become a freer room whilst also granting written content creators comprehensive ownership of their belongings.

Decentralized autonomous businesses (DAO) are a novel way for on-line social corporation that will have considerably-achieving implications. Attributes of DAOs are probably to have an monumental effect on the business enterprise of social media. Blockchain tokens have the likely to modify that arrangement by allowing for creators to monetize their supporters utilizing many of the very same solutions that DAOs use to reward their users for contributions.

We have noticed pleas from end users that Twitter could have the probable to change the electrical power stability and to be reworked into a World-wide-web3 platform. We’re also grateful to see some of the jobs, which includes Only 1 and Rally, are committed to reshaping social platforms and rebuilding the social and creator financial system. 


A desire for the young, bold blockchain group:

Our local community requirements more builders who have a warm heart and a amazing brain. Less FOMO, a lot more tolerance. And confusion is superior: It tends to make individuals imagine of by themselves.

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