Web3 Tokyo 2023

## The IOST Monthly Report — your essential guide to staying informed about the latest advancements, market growth, and ecosystem progress within the IOST community.

We wholeheartedly appreciate your positivity and long-term support. Your valuable insights and suggestions are crucial in shaping our journey as we continue to evolve. Thank you for being an integral part of the IOST experience!

*Last updated on September 10, 2023*

*Disclaimer: Third-party developers develop all IOST DApps. The information provided here does not constitute any investment advice. All content provided here is intended for education only. IOST bears no responsibility or liability for any loss that users may experience. Please get in touch with the DApp team directly for any questions.*

## C. Ecosystem Development

## IOST Mainnet Olympus v3.10.1 Official Release

We are happy to announce the launch of Mainnet Olympus v3.10.1 today, which is a non-compatible upgrade. **All block-producing nodes must complete the upgrade by September 10th**, while non-block-producing nodes are also advised to upgrade.

## WebX Asia 2023: Uniting Global Web3 Innovators in Tokyo’s Iconic Forum | Event Recap

WebX Asia 2023, Japan’s most significant Web3 conference organized by CoinPost, took place at the prestigious Tokyo International Forum on July 25 and 26, 2023. The event commenced with an inspiring speech by Japanese Prime Minister Fumio Kishida, and it served as a gathering ground for Japanese government agencies, administrators, Web3 stakeholders from Japan, and distinguished Web3 projects from across the globe.

## IOST was included in Binance Japan’s exclusive initial list of 32 tradable tokens

## IOST Mainnet Upgrade: A Game-Changer for Users — Wallet Address Creation Now Free!

Exciting news for all IOST users and enthusiasts! The IOST blockchain is undergoing a major upgrade that is set to redefine the way users create their wallet addresses. Users will now be able to generate their wallet addresses on the mainnet at no direct cost. This upgrade not only enhances accessibility but also showcases IOST’s commitment to creating a user-first blockchain ecosystem.

## IOST’s Two Major Blockchain Services Officially Launched on Tencent Cloud

IOST is set to deepen collaboration with Tencent Cloud, leveraging our shared international digital infrastructure and ecological advantages. We're embarking on a comprehensive partnership centered around Web3, AI, and blockchain. Guided by technology-driven cost reduction and efficiency enhancement, we aim to set industry benchmarks collectively and explore new paths and models in the realm of the digital economy.”

## ChainUp Cloud Joins Forces as IOST Ecosystem Node Partner

IOST is happy to announce a new strategic alliance with ChainUp Cloud, officially becoming an ecosystem node collaborator as announced by the integrated Web3 infrastructure platform incubated by ChainUp. The two entities are set to leverage our respective strengths in areas such as ecosystem development, brand integration, technological innovation, and community consensus building. Our collective mission is to propel the construction and refinement of Web3 digital infrastructure, creating a series of decentralized, open, cost-effective, diverse, stable, and efficient Web3 products and services for users.

## IOST Partners with Leading Korean Venture Capital, HG Ventures

IOST has recently amplified its footprint in South Korea, investing in pivotal local projects like the virtual asset chat service ‘Coin Live’ and the ‘Cappy’ project, an initiative led by ‘FreeCap,’ a financial subsidiary of AfreecaTV. These ventures illustrate our persistent endeavors to fortify collaborations with indigenous teams and businesses, thus reinforcing our presence in the vibrant Korean market. Furthermore, with events such as Demo Day, hackathons, and meetups in Hong Kong and Japan, we are accelerating our outreach, solidifying our influence in the broader Asian region.

## IOST AI Labs Meetup: Uniting Innovators in Blockchain and AI

On the 15th August, 2023, the IOST DUBAI Launch Party, a convergence of minds passionate about blockchain technology and cryptocurrencies, took place. This event, co-organized by IOST, Cypher Capital, Bitunix, and Onecloud, offered a unique platform for engaging discussions, knowledge expansion, and meaningful networking opportunities with industry experts.

## Community partnership with WormHole 3

## Mid-Summer Madness Airdrop Party with CrossSpace

## Carter, IOST’s Hong Kong lead, at the Digital Entertainment Leadership Forum’s sub-forum on ‘#Web3 Empowering Artists in Art Trading.’

## ‘Coffee With Crypto Meetup with Sushi’ event

## Carter, head of IOST Hong Kong on stage delivering a speech

## Exciting exchange of insights at the Hong Kong Legislative Council

## Trading Volume

## About IOST

High fees and slower transaction times on the Ethereum network have left the door open for new solutions to emerge, and IOST is one such project that has been gaining traction since its mainnet launch in 2019.

Backed by significant financial and VC firms such as Sequoia, Matrix, and ZhenFund, IOST is a pioneering decentralized, high-throughput, gas-efficient Proof-of-Believability-powered smart contract platform built to tackle the scalability trilemma once and for all. For this, the concluding ranking from China’s CCID ranked IOST as the best blockchain platform under *Basic Technology*, better than Ethereum, EOS, and every other smart-contracting platform evaluated by the agency. This is a testament to the quality and ability to roll out a better, innovative product and reflects our genuine desire to be the best in the sphere.

Being one of the public chain leaders in adoption, performance, and utility, IOST remains committed to our mission to unleash the power of blockchain. IOST currently has an ever-expanding 500,000 members community in over 20 countries, over 400 nodes, a top-tier staking ecosystem, and symbiotic relationships with corporations dotted worldwide.

If you would like to hang out with the IOST community on chat or social media or discuss product development, we have something for everyone:

[Telegram](https://t.me/officialios) | [Twitter](https://twitter.com/IOST_Official) |[ Japan Twitter](https://twitter.com/IOSToken_jp) | [China Twitter](https://twitter.com/IOST_CN) | [Facebook](https://www.facebook.com/IOSTofficial/) | [LinkedIn](https://www.linkedin.com/company/iostproject/) |[ Medium](http://medium.com/iost) | [Reddit](https://www.reddit.com/r/IOStoken/)

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The IOST Monthly Report — your essential guide to staying informed about the latest advancements, market growth, and ecosystem progress within the IOST community. We wholeheartedly appreciate your positivity and long-term support. Your valuable insights and suggestions are crucial in shaping our

IOST Monthly Report | August 2023 - IOST - Medium

In this ecosystem, new opportunities are always emerging. The real question is how to spot them. That’s where we at YAY Network excel. Spotting these early investment opportunities is a challenge, but it’s a skill that we’ve honed and believe is crucial to teach you.

This article is designed to be your guide through the landscape of crypto investments. We’ll share insights on how to identify opportunities that offer more than just promises.

Our goal is to help you to become an experienced investor but at no time should this be seen as financial advise!

**What should you be looking into for a fundamental analysis?**

In the initial stages of crypto investment, where technical analysis takes a backseat, understanding the core fundamentals of a project is the most important thing.

Key areas of our analysis include understanding market dynamics and supply-demand factors, scrutinizing investment rounds for signs of confidence from other investors, and evaluating the actual problem-solving capacity of protocols. Equally important is analyzing the business model for market fit, the utility of tokens beyond surface-level features, and the robustness of the project’s. Our process involves a thorough examination of the project team, leadership qualities, community engagement, vision and mission, and roadmap.

Lastly, a keen understanding of tokenomics and possible competitors’ price history plays a crucial role in our fundamental analysis, ensuring we identify opportunities that are not just promising but viable for long-term growth.

![](https://miro.medium.com/v2/resize:fit:1400/1*4KQZujDr7fuTpYm6P5J4XA.png)

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### **What problems does it fix**

A fundamental question in evaluating a project is understanding the problem it aims to solve. Does the protocol address a real, widespread issue, or is it merely a solution in search of a problem?

> The value of a token often lies in its ability to offer a meaningful resolution to existing challenges.

Assessing the market value of the problem being solved and examining how other companies tackle similar challenges offers a clearer perspective on the demand and potential success of the protocol, as well as, provides a mindframe for possible protocol valuation.

### **Business Model & Whitepaper**

The whitepaper is the blueprint of a crypto project, outlining its objectives, technology, and strategy. It should convey the project’s goals, the technological means to achieve them, and how the token will function within the market.

From it we understand the business model, which is a core area of concern. It reveals how the project plans to sustain and grow financially, and also reveals the team’s expectations regarding what they are building. At the end of the day, any company or start-up needs to be profitable, and it’s important that they are able to identify their revenue streams.

> It’s crucial the protocol understands how to start generating revenue at an early stage!

A strong business model aligns with market needs. This involves analyzing how the protocol plans to generate revenue and its scalability. Even protocols that don’t introduce groundbreaking innovations but improve existing services can have significant upside potential if they present refined business models.

### **Previous Investment Rounds**

Investment rounds offer a lens into the market’s confidence in a project. A protocol that has attracted reputable and experienced investors is often a sign of a strong foundation and potential for growth.

Reviewing who invested in early stages provides insights into the project’s credibility and the faith the investment community has in its success.

> Considering the initial proposed Market Cap and compare it with its main competitors can be a good analysis to understand its potential.

### **Token Utility & Tokenomics**

When it comes to assessing protocol viability, the token utility takes one of the major, if not the major, KPI we should be looking at. The true utility of a token transcends basic functionalities like governance or staking. It should be integrated into the project’s ecosystem, playing a pivotal role that resonates with the project’s long-term objectives and vision.

A token with genuine utility serves multiple purposes.

> The most critical assessment is determining whether the token adds substantial value to the project or if it’s merely a tool for fundraising.

A token that exists solely for investment purposes, without a clear role or function in the project’s ecosystem, can be a red flag. It’s important to distinguish between tokens that are integral to a project’s operation and those that are speculative in nature.

Moreover, a token’s design should reflect a thoughtful approach to its circulation and value. This involves considerations like a deflationary model, where the token’s supply decreases over time, potentially increasing its scarcity and value. Alternatively, an inflationary model might be used to encourage spending and reinvestment in the ecosystem.

### **Roadmap**

A clear and realistic roadmap is indicative of a project’s planning and vision. It should outline specific goals and timelines, providing investors with a sense of direction and milestones.

The roadmap’s feasibility and the project’s adherence to it are crucial indicators of its potential for success and effective execution.

### **Team Behind the Project**

The team’s experience and track record are pivotal in driving a project’s success. Investigating the professional background of the leadership and technical staff can provide significant insights into the project’s potential. A strong team with relevant experience and a history of successful ventures adds credibility and confidence in the project’s future.

### **Community and Traction**

Community support and traction are good indicators of a project’s health and future prospects. The strength and activity of a project’s community often correlate with its long-term success and adoption.

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### **Final Thoughts**

As we venture through the world of investments, the journey from identifying potential to realizing success is nuanced and multifaceted. By analyzing the above mentioned aspects, we equip ourselves with a comprehensive understanding of what makes a crypto project truly promising.

At the heart of this is the recognition that each project is unique, with its own set of challenges and opportunities. The blend of technical insight, market understanding, and foresight is what transforms an investment decision from a mere gamble to a strategic choice. It’s about understanding the substance.

Let this article be your guide, your compass in this exciting yet challenging venture, helping you to make informed choices that lead to rewarding outcomes.

# About YAY Network

YAY Network is the thriving ecosystem specifically designed for ambitious entrepreneurs, set to revolutionize the world of fundraising and community building. Our goal is to empower innovators by delivering a comprehensive, risk-free, and accessible launchpad experience, coupled with a cutting-edge marketing and advisory suite.

[Homepage](https://yay.network/) | [Medium](https://yay-network.medium.com/) | [Twitter](https://twitter.com/yaynetwork) | [Telegram](https://t.me/+up0UD0NrVAg5ZDRk)

In this ecosystem, new opportunities are always emerging. The real question is how to spot them. That’s where we at YAY Network excel. Spotting these early investment opportunities is a challenge, but it’s a skill that we’ve honed and believe is crucial to teach you. This article is designed

Invest for the long term: YAY Network Tutorial


Join us for the #ArtheraAMA Weekly focused on the growth of the #ArtheraEcosystem on November 8th at 12 PM UTC. Link: [https://twitter.com/i/spaces/1ypKdkVYjDvxW](https://twitter.com/i/spaces/1ypKdkVYjDvxW)
#dontbelate to discover what you need to know. Engage in daily conversations with onboarded projects: listen to their voices, witness their commitment. You can't truly understand until you give it a try.

Join us for the #ArtheraAMA Weekly focused on the growth of the #ArtheraEcosystem on November 8th at 12 PM UTC. Link: https://twitter.com/i/spaces/1ypKdkVYjDvxW dontbelate to discover what you need to know. Engage in daily conversations with onboarded projects: listen to their voices, witness their

Arthera Ecosystem Growth

### **The Current Challenges for the Web 2.0 Music Industry**

The online music industry, primarily built on Web 2.0 technology, has seen remarkable growth and transformation over the years. However, as the industry continues to evolve, numerous challenges have emerged, including breach of data privacy and security, limited revenue streams for artists, lack of transparency, monopolistic control, and ineffective communication mediums between artists and their fans. These issues have led to an unpleasant music creation experience for artists and limited opportunities for fans to meaningfully support their favorite artists.

### **Transitioning from Web 2.0 to a Blockchain-Based Web 3.0 Social Platform**

Web 3.0 blockchain-based platforms provide promising solutions to the challenges faced by the online music industry. Decentralization enhances security and trust, while blockchain technology enables improved rights management through smart contracts, automating royalty distribution and copyright protection. Web 3.0 platforms address data privacy and security concerns through encryption and transparent policies, and decentralization promotes a more diverse ecosystem with fairer revenue-sharing models for artists. Tokenization of assets and direct fan engagement empowers artists with new revenue streams and support in brand-building and funding.

Blockchain technology ensures the traceability and provenance of digital assets, allowing users to verify music NFTs' authenticity and ownership history. Fans can directly support their favorite artists by purchasing music, NFTs, or tokens representing a stake in the artist's future success. This process also eliminates intermediaries, ensuring artists receive a more significant revenue share. Decentralized fan communities foster a more engaging and rewarding user experience, allowing users to interact, participate in discussions, and collaborate on projects supporting their favorite artists.

### **What is CyberTune?**

**[CyberTune](https://cybertune.xyz/)** ([https://cybertune.xyz/](https://cybertune.xyz/)) is a revolutionary Web 3.0 music social platform designed to transform the way artists and fans interact within the digital music landscape. Built on the CyberConnect Protocol, CyberTune is a decentralized music sharing and trading platform that combines cutting-edge social features to create a more interactive and engaging environment for both artists and listeners. Our mission is to empower individuals by enabling them to make the most of their own data while fostering stronger, more meaningful, and long-lasting connections between artists and their fans, which is the vision shared by CyberConnect.

CyberTune offers a host of innovative features that address the challenges of the traditional online music industry. Artists can post their music creations, categorize them into album collections, assign relevant Creative Commons licenses, and set costs to mint their music as NFTs. This allows artists to take control of their intellectual property and benefit directly from their work. Meanwhile, fans can purchase and collect music, create their own playlists, and share them with others. By integrating CyberConnect's social features, fans can communicate directly with artists and other users, enhancing the sense of community and engagement within the platform. With CyberTune, users can enjoy true digital ownership, traceability, and direct interaction with artists, all while participating in a decentralized ecosystem that promotes fairness and rewards both creators and supporters alike.

### ![img](https://link3-image.cyberconnect.dev/e2c35c2c-f3a3-47e0-8611-fdc16bf18596/postImageFolder/93d628a6e359015d)**Integration with CyberConnect**

As a leading social graph in the web3 ecosystem, CyberConnect is revolutionizing the way users interact with decentralized applications. It enables users to create profiles on EVM-compatible blockchains, providing a seamless experience across multiple dApps while maintaining control over their social graph, content, monetization channels, and data.

CyberTune participated in the Connected 2023 Hackathon hosted by CyberConnect and BNB Chain and won one of the raising start awards. CyberTune has integrated all social features and functions from the CyberConnect protocol to enhance its user experience. Our current integrations with CyberConnect included:

**CyberProfile**: CyberProfile is a holistic identity that we used to enable users to create their own profile page.  It serves as a prerequisite for artists to publish their music as EssenceNFTs and for users to subscribe to their favorite artists.

**EssenceNFT**:  EssenceNFTs offer artists flexibility in selling and promoting their songs with configurable rules such as pay-to-mint, hold-to-mint,  subscribe-to-mint, set total supplies and costs to collect, etc.

**SubscribeNFT:** SubscribeNFT allows fans to build connections with their favorite artists and receive a unique NFT based on their subscription.  ****CyberTune showcases top subscribed artists on the homepage and has a dedicated page displaying all artists on the platform.

**Follow:** Users can also follow artists in addition to subscribing, utilizing CyberConnect's Follow API.

**Post:** The Post API enables artists and users to publish updates and posts without on-chain transactions.

**Like and comment:** CyberTune leverages CyberConnect's Like and Comment API to create interactive communication channels between fans and artists, allowing users to support their favorite artists by liking and commenting on their work.

Moving forward, CyberTune envisions fostering a more enriching and gratifying web3 environment for artists and fans alike. Our strategy includes an ongoing integration of CyberConnect's social functions and the incorporation of AI and Deep Learning technologies. This will enable users to effortlessly generate their own music with a single click, leading to the creation of personalized AI-composed albums.

### ![img](https://link3-image.cyberconnect.dev/e2c35c2c-f3a3-47e0-8611-fdc16bf18596/postImageFolder/1396df25b17d4363)**The Creators Behind CyberTune**

[Alex](https://twitter.com/ZheXiangEth) is an accomplished blockchain expert currently working at a Blockchain agency in Australia. With a diverse range of projects under his belt, such as a Bitcoin Payroll solution and a peer-to-peer Bitcoin trading platform, Alex has extensive experience in the blockchain sphere. His expertise includes Solidity, EVM, smart contracts, React, React Native, Node Express, and .NET. Having successfully executed several TGE (token generation event) and NFT projects, Alex is well-versed in the nuances of the industry.

[Leon](https://twitter.com/0xCryptoSummer) is a senior front-end developer and UI designer, boasting 12 years of hands-on experience in developing complex front-end solutions. He currently works at a web consultant agency in Australia, where he has completed numerous web3 frontend projects. His technical proficiency spans React JS, TypeScript, Node.js, Next.js, ethers.js, Material UI, and Bootstrap CSS.

### CyberTune: 2023 Milestones and Development Roadmap

**Q1 2023 (Completed):**

- Develop user interface design and draft website version
- Join Connected 2023 Hackathon by CyberConnect and BNB Chain
- Launch interactive demo
- Deploy on BNB Chain mainnet
- Mint Genesis Essences and Artists Pass

**Q2 2023:**

- Integration with Notifi
- Integration with Lit Protocol
- Introduction of new features like playlists and "listen later" option

**Q3 2023:**

- AI and deep learning-powered one-click music creation

**Q4 2023:**

- Launch of mobile application

The Current Challenges for the Web 2.0 Music Industry The online music industry, primarily built on Web 2.0 technology, has seen remarkable growth and transformation over the years. However, as the industry continues to evolve, numerous challenges have emerged, including breach of data privacy and

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