Conflux Founder Long Fan Discusses Web3 Development: Balancing Technological Innovation and Compliance

At the recent Hong Kong-Shanghai Web3 Collaborative Development Conference, Conflux founder Long Fan engaged in an in-depth discussion with industry experts about the future development of the blockchain industry. As a graduate of Tsinghua University's Yao Class and a Ph.D. in Computer Science from MIT, Long Fan, who is currently a professor in the Department of Computer Science at the University of Toronto, shared the development history of Conflux and his unique insights into the industry's prospects.

It is noteworthy that Conflux recently announced the launch of its public chain version 3.0 in August and its participation in the offshore RMB stablecoin pilot project. This news has sparked a strong market reaction, and Conflux's native token CFX has seen significant gains in a short period of time.

Compliance-driven Open Ecosystem Strategy

In the context of an increasingly clear regulatory environment and the accelerated entry of large institutions, Conflux is reshaping its ecological expansion strategy by leveraging its compliance advantages. Long Fan stated that as the only compliant public chain in the country, Conflux aims to attract more ecological projects and assets by capitalizing on current market trends.

Conflux's strategic positioning reflects a deep understanding of the Asian market, with a particular focus on collaboration opportunities in China, Hong Kong, and the wider Asian region. In terms of specific cooperation, Conflux has demonstrated a high level of openness, especially in the key areas of stablecoins and real-world assets (RWA).

Long Fan emphasized that Conflux, as an infrastructure provider, is willing to offer compliance and commercial support to its partners. He particularly pointed out that Conflux hopes to work with teams that are genuinely committed to practice. This pragmatic cooperation concept has already yielded preliminary results, such as the RWA project and stablecoin project in collaboration with a certain technology company.

Hong Kong-Shanghai Collaboration: A Perfect Combination of Technology and Capital

Conflux's development strategy fully leverages the advantages of both Shanghai and Hong Kong. Long Fan vividly compares Conflux to a highway, with the technological foundation built in Shanghai, while Hong Kong is responsible for the development of ecological applications.

This division of labor stems from a deep technical accumulation and keen market insights. Conflux's core technology research and development is based in Shanghai, while Hong Kong, with its global financial center and policy advantages, has become an important incubation site for ecological applications. Currently, more than half of the ecological projects deployed on Conflux come from Hong Kong.

Long Fan believes that this "technology deep cultivation + capital empowerment" dual-city collaboration model is not only applicable to Conflux, but can also be referenced by the entire Web3 industry. He pointed out that through this model, Hong Kong is expected to become an important pole in the Web3 world, providing a broad stage for China's Web3 entrepreneurs.

Looking to the Future

The development history of Conflux reflects the complete evolution of the Chinese blockchain industry from technological exploration to commercial implementation. In this new development stage, how to transform compliance advantages into ecological advantages, how to build global competitiveness through the collaboration between the mainland and Hong Kong, and how to maintain technological leadership in pragmatic development are key issues faced by Chinese Web3 companies.

Long Fan's perspective demonstrates a development approach that combines technical depth and business acumen: taking compliance as the foundation, promoting development through openness, seeking win-win outcomes through collaboration, and planning for the future with a global vision. This may provide important insights for Chinese Web3 companies to break through in the new era.