# Value Articoli collegati

Il Centro Notizie HTX fornisce gli articoli più recenti e le analisi più approfondite su "Value", coprendo tendenze di mercato, aggiornamenti sui progetti, sviluppi tecnologici e politiche normative nel settore crypto.

The Story of the $5,000 Diamond Whose NFT Sold for $43,000

In 2021, during the peak of NFT mania, macroeconomist Tasha Che announced a plan to buy a $5,000 diamond, create an NFT from it, and then physically destroy the gem. The goal was to prove that while physical objects can be destroyed, their digital representations can preserve the notion of value, an idea widely criticized in the crypto community. Che purchased a 1.3-carat diamond online and, after unsuccessful attempts with a hammer, eventually had it shattered by a mechanic with specialized tools. She then created an NFT representing the destroyed diamond for auction. Surprisingly, in September 2021, the NFT sold for 5.5 ETH (roughly $17,000 at the time), more than tripling the diamond's original price. Che claimed this validated her idea, though critics noted this single sale didn't prove digital assets universally retain value after physical destruction. The NFT was later owned by DeFi advocate and investor Ivan Zhang, who sold it in October 2025 for 11 ETH ($43,000). While the NFT's value nearly tripled during this period, prices for one-carat diamonds fell by almost 40%. Zhang argued diamond prices will continue declining due to easier synthetic diamond production and weaker retail demand, suggesting if the NFT were truly tied to the physical asset's value, its price should have fallen too. The experiment ultimately demonstrated that NFT prices are driven more by speculative hype than by underlying economic fundamentals or the preservation of physical value.

cryptonews.ru08/07 23:49

The Story of the $5,000 Diamond Whose NFT Sold for $43,000

cryptonews.ru08/07 23:49

Supporters of Bitcoin BIP-110 Update Have Prepared a 'Last Resort' Plan If the Proposal Is Not Adopted: It Could Radically Change BTC's Value

Supporters of the BIP-110 update for Bitcoin have prepared a contingency plan in case the proposal is not adopted, a move that could radically alter BTC's value. Developer Chris Guida has adapted a proof-of-work code originally created by Luke Dashjr in 2017 for the current version of Bitcoin Knots. This adaptation is described as a last-resort measure to be activated if miners do not signal readiness for BIP-110. The proposal itself is a soft fork aimed at temporarily limiting the storage of arbitrary data in Bitcoin transactions. It introduces stricter limits on new transaction outputs, OP_RETURN fields, and witness data, with rules designed to expire after approximately one year. Guida stated this option needs to remain open if miners were to "conspire to betray Bitcoin." Should the contingency code be used, it could change Bitcoin's current mining algorithm. This change would likely prevent existing ASIC miners from generating blocks on the new chain, leading to a large-scale reorganization of the Bitcoin mining network. Luke Dashjr, another Bitcoin Knots developer, contributed to the code and expressed hope it would not be needed, but sees its existence as useful for a potential crisis. A supporter known as Mechanic argued that the mere possibility of a proof-of-work change could act as a deterrent, emphasizing that Bitcoin's rules should be set by participants and node operators, not miners. While miner signals are tracked for BIP-110 activation, data from the proposal's official tracking page indicates support remains limited.

cryptonews.ru08/04 21:31

Supporters of Bitcoin BIP-110 Update Have Prepared a 'Last Resort' Plan If the Proposal Is Not Adopted: It Could Radically Change BTC's Value

cryptonews.ru08/04 21:31

AI Era, Industrial Revolution, and Future Civilization Interview — Zhang Dingwen: The Future Does Not Belong to Chasers

"AI Era, Industrial Revolution and Future Civilization: An Interview with Zhang Dingwen – The Future Does Not Belong to Those Who Chase" In this interview, entrepreneur Zhang Dingwen reflects on his entrepreneurial journey and philosophy, moving beyond discussions of financing or success to emphasize understanding the "era" itself. He argues that true entrepreneurs should not chase short-term trends ("winds"), but position themselves in the direction of long-term technological and societal evolution. Zhang shares key lessons from his early days, including the realization that user value does not automatically translate to commercial value. For him, the core of entrepreneurship is not building a company but constantly upgrading one's own "cognition" – the ability to interpret information, ask the right questions, and understand the underlying "causes" behind business outcomes, not just the effects. His thinking has evolved from a focus on creating good products to a strategic focus on building "entrances" – platforms that naturally connect users to digital services. He sees smart wearables, like watches, not merely as hardware but as potential future gateways combining technological, financial, social, and even fashion attributes to create sustained user relationships and ecosystems. Ultimately, Zhang's vision transcends individual products or companies. He discusses business competition in three stages: product, platform, and finally, "civilization" – where the greatest companies influence how society operates by defining new rules and ways of life. He believes the mission of a truly great enterprise is to solve problems of its time, build enduring trust, and contribute lasting value, leaving behind not just wealth but a positive impact on how the world works. The future, he concludes, belongs not to the fastest, but to those with the correct long-term direction and a commitment to continuous learning and evolution.

marsbit07/21 08:29

AI Era, Industrial Revolution, and Future Civilization Interview — Zhang Dingwen: The Future Does Not Belong to Chasers

marsbit07/21 08:29

Who Captures Value in Web 2.5?

Title: Who Captures Value in Web 2.5? Summary: For most of financial history, moving money was difficult and slow. Cryptocurrencies and stablecoins promised faster, cheaper transfers. However, their true potential is realized not by replacing traditional finance but by acting as an efficient, invisible settlement layer beneath it—a hybrid model called "Web 2.5." This fusion combines the regulation and familiar interfaces of traditional finance with the low-cost, programmable, always-on settlement of crypto. The critical question is: where does value accumulate in this new system? The answer lies in the coordination or "translation" layer that bridges the two financial worlds. History shows that the middleman connecting systems often captures immense value, as seen with Visa or SWIFT. This layer controls the flow of funds and can extract fees, collect float interest, and wield significant power (e.g., sanctions). Now, four main models are competing to become this dominant translation layer: protocols (like Chainlink), market utilities, banking cooperatives, and central bank clubs. For instance, Chainlink, in partnership with a consortium of banks, is piloting real-time FX settlement. SWIFT is building its own blockchain-based ledger layer. The Bank for International Settlements is testing tokenized central bank reserves. Ultimately, Web 2.5 is more promising than a purely decentralized utopia because it doesn't require abandoning existing systems. Instead, crypto becomes a commoditized, hidden infrastructure enabling faster, cheaper transactions within the traditional financial framework. The winning coordination layer will hold the power and capture the economic value in this new landscape.

链捕手07/20 15:52

Who Captures Value in Web 2.5?

链捕手07/20 15:52

Why Are Large-Scale Crypto Conferences No Longer Glamorous?

Why Are Major Crypto Conferences Losing Their Allure? A growing sense of fatigue surrounds large in-person crypto conferences, with many founders and investors now avoiding events they would never have missed just two years ago. While complaints cite declining ROI and information quality, the root causes are more structural. Crypto, global from inception, once relied on these mega-conferences as neutral hubs for essential face-to-face connections. However, their core value has been fragmented. High-quality participants—developers, investors—have largely migrated to smaller, private side-events, leaving main stages for repetitive content already shared online. The main conference often just becomes the excuse for being in the same city, with attendees scrambling between exclusive dinners and micro-events. While these intimate gatherings offer signal-rich conversations, they lose the "serendipitous encounters" of large conferences and can create insular echo chambers, especially as talent concentrates in hubs like New York. Meanwhile, invite-only, high-caliber summits are rising, offering quality and scale but at the cost of accessibility and crypto's early egalitarian ethos. This shift isn't unique to crypto; AI events in San Francisco show a similar trend. The perception of higher-value interactions drives core groups towards smaller, private settings, potentially creating a vicious cycle that drains larger events of their vitality. Yet, a more optimistic view exists. The apparent decline of crypto-centric events may signal industry maturation. Leading projects are now focused outward—on stablecoins for traditional finance, consumer-facing digital banks, or real-world assets. Crypto topics are increasingly integrated into mainstream finance and tech conferences. Just as dedicated "internet conferences" faded, dedicated crypto summits may become redundant as the technology embeds into every sector. The future likely holds far fewer large, inward-looking crypto conferences. The industry has moved past needing frequent self-congratulatory gatherings. True growth lies in engaging with the broader economy. This evolution towards private networking and mainstream integration, for better or worse, is a mark of the industry coming of age.

marsbit07/14 09:59

Why Are Large-Scale Crypto Conferences No Longer Glamorous?

marsbit07/14 09:59

Why Are Major Crypto Conferences Losing Their Luster?

Why Are Major Crypto Conferences Losing Their Appeal? A growing sense of fatigue surrounds large-scale offline crypto conferences. Participants complain of declining returns and less substantial information, but the root cause is deeper. Initially, these global summits were vital for a decentralized industry without a physical hub, enabling crucial face-to-face connections. However, the value of large main-stage events has been eroded. High-quality developers and investors have migrated to exclusive, invitation-only side events and private dinners. While these offer focused networking, they lose the "serendipitous encounters" of larger gatherings and can create elitist barriers, contradicting crypto's open ethos. This fragmentation triggers a vicious cycle: as key people leave main events, their value diminishes further. Simultaneously, the industry's focus is shifting outward. Leading crypto firms are now engaging with traditional finance and real-world applications like stablecoins, digital banking, and prediction markets. Consequently, crypto-specific topics are increasingly integrated into mainstream financial conferences, making dedicated crypto summits potentially redundant. Looking ahead, the frequency of top-tier crypto conferences will likely decrease significantly. The industry has moved past its inward-looking phase. The migration of quality discourse to private settings and the push for mainstream adoption, while diluting the large conference model, are ultimately signs of the sector's maturation.

Foresight News07/14 09:33

Why Are Major Crypto Conferences Losing Their Luster?

Foresight News07/14 09:33

When Inference Becomes a Scarce Resource, Who Captures the Value?

When Inference Becomes the Scarce Resource, Who Captures the Value? The core AI bottleneck has shifted from model training to inference (runtime execution). While concerns persisted about an "AI compute gap"—initially a $200B, now a $600B problem—the market is now recognizing that the solution and value lie in the inference layer. Nvidia's financial restructuring around "serving tokens" and Cerebras's successful IPO highlight this shift. Inference is a recurring, usage-based cost, estimated to be 10-50x larger than the one-time training market, especially with the rise of agentic AI. The inference stack spans six layers: silicon (e.g., Nvidia), bare metal (e.g., CoreWeave), GPU rental/aggregation, deployment/optimization, model APIs, and end applications. Most companies operate in one layer. However, Hyperbolic uniquely spans three layers (GPU rental, deployment, and model APIs) without owning any hardware. It aggregates fragmented GPU supply from multiple cloud providers into a standardized pool, offering developers the cheapest available compute through intelligent routing. Its multi-cloud aggregation creates a data moat and a flywheel: more supply leads to better pricing data and liquidity, attracting more developers and providers. In contrast, applications like Venice operate at the top of the stack, reselling privacy-wrapped inference but remaining dependent on and constrained by the underlying compute costs they purchase. As inference demand explodes, value accrues not just to consumer applications but increasingly to the aggregation and routing layer that captures their cost of revenue. The coming potential GPU oversupply reinforces this dynamic. While hardware owners may suffer from depreciation, asset-light aggregators like Hyperbolic benefit from price arbitrage, routing workloads to the cheapest available capacity. The ultimate winner in the inference economy may not be the entity with the most GPUs, but the one that can most efficiently discover, aggregate, and route the world's fragmented compute.

链捕手06/08 15:39

When Inference Becomes a Scarce Resource, Who Captures the Value?

链捕手06/08 15:39

ViaBTC CEO Haipo Yang: Looking Back at the Decade, Re-understanding the Value of Crypto

In "A Decade in Retrospect: Re-evaluating the Value of Crypto," ViaBTC & CoinEx CEO Haipo Yang reflects on the cryptocurrency industry's evolution since founding ViaBTC in 2016. Initially a niche interest, Crypto has fundamentally transformed key financial infrastructures like market making, trading, settlement, and issuance through open protocols, as seen with Uniswap and GMX, and enabled efficient cross-border transfers via stablecoins. While acknowledging speculation's role in fueling innovation and liquidity, Yang warns it often overshadows real demand. He distinguishes between blockchain (a trust-minimizing technology), Web3 (an application model requiring genuine utility), and Crypto assets. The latter's value derives from block space as a commodity (e.g., gas fees) and "sovereign liquidity premium" (e.g., Bitcoin's censorship resistance), with most tokens lacking such dual support. Looking ahead, Yang argues the next decade's focus should shift from "open participation" to "sustainable participation," emphasizing reliable infrastructure. He predicts consolidation towards networks with strong security and liquidity (like Bitcoin and Ethereum), and sees DeFi becoming a specialized tool rather than a mass replacement for traditional finance. Crypto will integrate into traditional finance (e.g., via Bitcoin ETFs) but may sacrifice some decentralization for mainstream adoption. Real future demand may come from AI agents and machine economies needing permissionless settlement. Ultimately, Yang believes Crypto's enduring value lies not in hype or replacing everything, but in verifiably reducing trust costs, increasing efficiency, and providing stable, transparent services across market cycles.

marsbit06/08 02:05

ViaBTC CEO Haipo Yang: Looking Back at the Decade, Re-understanding the Value of Crypto

marsbit06/08 02:05

Weekly Token Unlocks: HYPE Unlocks $650M Worth of Tokens

Summary: Token Unlocks for the Week – HYPE Unlocks $650 Million Worth of Tokens Major token unlocks are scheduled for this week, headlined by Hyperliquid's significant release and a smaller unlock from EigenLayer. **Hyperliquid (HYPE)** * **Platform:** A high-performance blockchain aiming to create a fully on-chain, open financial system. * **Unlock Details:** 9.92 million HYPE tokens, valued at approximately $650 million. * **Project Links:** Twitter: https://x.com/HyperliquidX; Website: https://hyperfoundation.org/ **EigenLayer (EIGEN)** * **Protocol:** A protocol built on Ethereum that introduces restaking, allowing staked ETH to secure other applications. * **Unlock Details:** 36.86 million EIGEN tokens, valued at approximately $8.22 million. * **Project Links:** Twitter: https://x.com/eigenlayer; Website: https://www.eigenlayer.xyz/ Both projects have provided specific token release schedules following these unlocks.

marsbit05/30 08:00

Weekly Token Unlocks: HYPE Unlocks $650M Worth of Tokens

marsbit05/30 08:00

Hurun Report Interview with Justin Sun: New Paradigms of Value Circulation under the Web3 Transformation Cycle

In a deep-dive interview with *Hurun Report*, Justin Sun, founder of TRON, outlines his vision for Web3's evolution from proof-of-concept to global adoption, emphasizing stablecoins as the cornerstone for building a new paradigm of value transfer. Sun defines the core mission as enabling low-cost, efficient global fund movement for anyone, anywhere, regardless of bank access. He argues that sustainable blockchain projects must be driven by genuine demand and usage, with stablecoin payments currently representing the most mature and scalable application. Citing TRON's position as a leading stablecoin network with over $86.3 billion in USDT circulation, he attributes this growth to real-world use in cross-border transfers, savings, and payments, viewing it as a "natural replacement" for traditional financial infrastructure's inefficiencies. On strategy, Sun advocates for a methodology combining data-driven iteration, rapid execution, and user-centricity. He highlights the pivotal decision to partner with Tether on TRC-20 USDT as a calculated move that capitalized on stablecoins' long-term trend and network effects. While Web3 is inherently global, Sun stresses the critical importance of local compliance and cultural adaptation for successful market entry. Looking ahead, Sun identifies the convergence of AI and blockchain as a key frontier. He sees AI as fundamentally reshaping thinking and decision-making, with blockchain providing decentralized infrastructure for AI, while AI enhances blockchain's intelligence and user experience. His advice to industry participants is to prioritize continuous learning, adaptability, and focused investment in building core, irreplaceable strengths within the broader Web3 landscape.

marsbit05/29 03:33

Hurun Report Interview with Justin Sun: New Paradigms of Value Circulation under the Web3 Transformation Cycle

marsbit05/29 03:33

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