On November 3, 613Protocol, the world’s first open, diversified DeFi protocol centered around cross-chain liquidity pools, announced its sponsorship of the VC Cruise Night at the W2140EXPO and the W2140 World WEB3 + AI Expo (Bangkok Station). As the naming sponsor, 613Protocol will participate in the VC Cruise Night investment competition, engaging with global capital to discuss the future and development of the digital economy.

VC Cruise Night Investment Competition

The VC Cruise Night Investment Competition is one of the sub-events of the W2140 World WEB3 + AI Expo, initiated by E Fund, one of the co-organizers of the expo, and sponsored by 613Protocol.

This sub-event, the W2140 Investment Competition (VC Cruise Night), will take place on November 13, with the theme "VC Cruise Night: Navigating Capital." It will bring together global capital elites and investment magnates aboard a luxurious cruise at River City Pier 2 in Thailand to discuss the capital market.

The "VC Cruise Night" is co-organized by several entities, including Gonglunsa Technology, BC, Fingerpoint, Hyperdimensional Space, Web3CN Accelerator, BUDAO LABS, E-Particle, and WERTEX CAPITAL. It has garnered support from over twenty top global capital institutions, including E Fund, SoftBank Global, Goldman Sachs Asia, A16Z, Binance Labs, Qatari Sovereign Fund, Saudi Sovereign Fund, UAE Sovereign Fund, Rockefeller Family Fund, GreenField Fund, OK Group Venture Capital, Coinbase, Sequoia Capital, GCM Capital, FBG Blockchain Investment Fund, Ark Capital, New Fire Technology, HASHKEY, Singapore Jiyou Capital, Hong Kong Blue Ocean Capital, and Olin Capital.

About 613Protocol

613Protocol is an open, diversified platform that encourages various projects and developers to participate. This open ecosystem promotes innovation and competition, providing users with more choices and better services. Additionally, its diversified nature allows the protocol to adapt to different market demands and risk preferences, enhancing the overall stability and risk resilience of the system.

613Protocol is a diversified open DeFi financial project centered around its cross-chain liquidity pool. By employing cross-chain aggregation, it allows users to manage and trade assets seamlessly across different blockchains, breaking down the barriers that exist between traditional DeFi products.

The protocol integrates various core algorithm modules to fully connect DeFi protocols both inside and outside its ecosystem, including decentralized exchanges (DEXs), cross-chain finance, yield farming, oracles, and cross-chain bridges. This enhances the interoperability of the protocol, catering to diverse investment needs and enabling users to quickly access incentives from projects across different chains.

The introduction of 613Protocol aims to address several pain points in the current DeFi market, such as liquidity issues. By utilizing cross-chain liquidity pool technology, 613Protocol integrates liquidity from different blockchains to improve asset liquidity and utilization. This not only provides users with more investment opportunities but also helps reduce transaction costs and market risks.

In addition to bringing innovation to the DeFi market, 613Protocol has also introduced a high-quality value model known as the token value model. Within the protocol, a unique value token, B613, will be issued. Any user participating in the protocol is regarded as a contributor, and these contributors not only drive the development of 613Protocol in the DeFi market but also earn rewards. This design of a value closed loop ensures that 613Protocol can rapidly evolve within the DeFi space, benefiting a broader user base.

613Protocol has already secured strategic investment from Tetras Capital, a well-known investment institution in the United States that focuses on supporting innovative blockchain projects. The funding and resources provided by Tetras Capital will help accelerate the technical development and market expansion of 613Protocol. Through this collaboration, 613Protocol will optimize its cross-chain bridge ecosystem and DAO mechanism, further enhancing its leadership position in the DeFi sector.

In the future, the B613 asset will focus on developing ecological applications to drive its price upward. By collaborating with various projects and platforms, B613 aims to be utilized in a broader range of scenarios, enhancing its liquidity and value. For example, in fields like lending, trading, and wealth management, B613 can serve as collateral, a payment tool for transaction fees, or an investment target, providing users with greater value and convenience.

The 613 Protocol will increase its investment in ecosystem development to attract more projects and users. By creating a diverse array of ecological applications, the protocol aims for sustainable development. The 613 Protocol is set to play a significant role in the DeFi market, breaking the limitations of traditional finance and single-chain DeFi systems, with the potential to create a new trillion-dollar blue ocean market.

The W2140 World WEB3+AI Expo will be held from November 12 to 14 in Bangkok, Thailand, inviting high-quality projects, media, and WEB3 and AI enthusiasts from around the world to join the event.

Event Name: W2140 World WEB3+AI Expo (Bangkok Station)

Opening Time: November 12, 2024, 9:00 AM (Tuesday)

Closing Time: November 14, 2024, 9:00 PM (Thursday)

Venue: Bangkok International Trade and Exhibition Centre, Thailand