TRON DAO, presented as a main sponsor at KBW, showcases the growing meme coin ecosystem

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Geneva, Switzerland – September 16, 2024 – TRON DAO took center stage as Title Sponsor at Korea Blockchain Week (KBW), an annual global blockchain and Web3 festival in Seoul, South Korea. Dave Uhryniak, Community Spokesperson at TRON DAO, gave a compelling presentation on 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 talks, including the integration of AI with blockchain and the revival of DeFi by tokenizing 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 series of activities designed to foster communication and collaboration within the blockchain ecosystem. As one of the leading blockchain events in South Korea, KBW continues to make a substantial impact in the East Asian region, driving innovation and dialogue in the space.

In his keynote, Uhryniak highlighted the explosive growth of the meme coin market, which is approaching a total valuation of $40 billion. He pointed out that as the market continues to expand, institutional investors are likely to increase their involvement, recognizing the significant opportunities and potential in the space. Uhryniak compared meme coins to a modern form of digital art, highlighting their accessibility for anyone to create. He stated, “Meme currencies are part of a reaction to culture and are often a statement about culture at a specific time or event. They give everyone the opportunity to become an artist. They are the perfect Web3 application. They democratize making social commentary and making 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 gives users everywhere the opportunity 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 with its goal of decentralizing the Internet by creating new and innovative blockchain solutions while building strong connections with communities around the world. Being a part of Korea Blockchain Week shows TRON DAO’s dedication to shaping the future of decentralized technology and continuing to educate and inspire people in the blockchain space.

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Description of TRON DAO company

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

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

In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoins worldwide, surpassing USDT on Ethereum as of 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 for the Commonwealth of Dominica, marking the first time a major public blockchain has partnered with a sovereign nation to develop its national blockchain infrastructure. In addition to the government’s approval 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 the status of authorized digital currency and medium of exchange in the country.

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Media contact
Yeweon Park
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