TRON DAO Presents as Main Sponsor at KBW and Showcases Growing Meme Coin Ecosystem

Geneva, Switzerland – September 16, 2024 – TRON DAO took center stage as title sponsor in Korea Blockchain Week (KBW), an annual global blockchain and Web3 festival in Seoul, South Korea. Dave Uhryniak, community spokesperson at TRON DAO, gave an interesting talk about the rapidly growing meme coin ecosystem within the TRON network, highlighting its evolution and unique position in the crypto space. KBW 2024 featured a wide range of discussions, including the integration of ai with blockchain and the resurgence of DeFi through the tokenization of real-world assets.

Korea Blockchain Week (KBW) is a global event celebrating blockchain and Web3 innovation. Organized by FACTBLOCK since 2018, the event brings together industry leaders, cutting-edge technologies, and a variety of activities designed to foster communication and collaboration within the blockchain ecosystem. As one of the most important blockchain events in South Korea, KBW continues to have a substantial impact across the East Asia region, driving innovation and dialogue in the space.

In his keynote address, Uhryniak highlighted the explosive growth of the meme coin market, which is approaching a total valuation of $40 billion. He stressed that as the market continues to expand, institutional investors are likely to increase their participation, recognizing the significant opportunities and potential that this space offers. Uhryniak compared meme coins to a modern form of digital art, highlighting their accessibility for anyone to create. He stated, “Meme coins are a reaction to culture and are often a statement about culture at a specific time or about a specific event. They offer everyone the opportunity to become an artist. They are the perfect application for Web3. They democratize the creation of social commentary and art.”

Uhryniak also emphasized the critical need to build a truly decentralized network that empowers creators and developers. With the recent push to expand the meme coin ecosystem, TRON is giving users around the world the ability to unleash their creativity and connect with communities. At its core, the TRON ecosystem is designed to equip creators and developers with the tools and freedom they need to turn their ideas into innovative projects.

TRON DAO continues to pursue its goal of decentralizing the internet by creating new and innovative blockchain solutions and establishing strong connections with communities around the world. Being part of Korea Blockchain Week demonstrates TRON DAO’s dedication to shaping the future of decentralized technology and continuing to educate and inspire people in the blockchain space.

About TRON DAO

TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the Internet through blockchain technology and dApps.

Founded in September 2017 by His Excellency Justin Sun, the TRON network has continued to deliver impressive achievements since the launch of MainNet in May 2018. July 2018 also marked the integration of the BitTorrent ecosystem, a pioneer in decentralized Web3 services that boasts over 100 million monthly active users. The TRON network has gained incredible traction over the past few years. As of September 2024, it has over 256 million total user accounts on the blockchain, over 8 billion total transactions, and over $20 billion in total value locked (TVL), as reported on TRONSCAN.

Additionally, TRON hosts the largest circulating supply of the stablecoin USD Tether (USDT) worldwide, surpassing USDT on ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, in October 2022, TRON was designated as the national blockchain of the Commonwealth of Dominica, marking the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. In addition to the government’s backing to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens (TRX, BTT, nft, JST, USDD, USDT, TUSD) have been granted legal status as a licensed digital currency and medium of exchange in the country.