Given the increasing focus on ZK technology and the benefits it can bring to crypto, it’s no surprise it will be one of the hot topics of discussion during the upcoming annual Ethereum Community Conference , taking place in Paris from July 17–20.
Forest Bai, co-founder and general partner at Foresight Ventures — a Singapore-based VC firm with over $400 million in assets under management — believes the bear market presented a chance for growth, stating: “The collapse of certain crypto institutions presents opportunities for the emergence of new ones.
Although factors such as the collapse of FTX, enforcement actions by the United States Securities and Exchange Commission, and the implosion of Terra have cast a shadow on the sector, Bai remains optimistic about the industry’s recovery, stating, “We can see that crypto tech remains dynamic in regions like Hong Kong, Montenegro, Southeast Asia and South America.”The motto for the current bear market has been to “build.
According to Li, the primary focus has been to create real use cases for ZK technology. “We are concentrating on on-chain identity paired with the safety and privacy of each user’s wallets and transactions,” he said. The next stage is to apply such solutions to a multitude of use cases across over 80 ecosystem projects and allow them to adopt the technology.
Given the increasing focus on ZK technology and the benefits it can bring to crypto, it’s no surprise it will be one of the hot topics of discussion during the upcoming EthCC in Paris 🇫🇷