Hong Kong-Shanghai Collaboration to Promote Web3 Development: Conflux Founder Long Fan Shares Insights

At the recently held Web3 Complementary Collaboration Development Conference, Conflux founder Long Fan had an in-depth exchange with MetaEra CEO. Long Fan, as a professor in the Computer Science Department at the University of Toronto, has an academic background from Tsinghua University and the Massachusetts Institute of Technology, providing unique insights into the development of the blockchain industry.

On the occasion of the seventh anniversary of Conflux, the public chain announced the upcoming launch of version 3.0 and its participation in the offshore RMB stablecoin pilot project. This news has sparked a heated reaction in the market, with the price of Conflux's native token CFX rising sharply in a short period.

As a compliant public chain, Conflux is leveraging its unique advantages to reshape its ecological expansion strategy. Long Fan stated that they hope to attract more ecosystems and assets to the Conflux platform by taking advantage of current market trends. The strategic focus of this public chain is primarily centered on cooperative opportunities in China, Hong Kong, and the Asia region.

Conflux has adopted a highly open and inclusive collaborative attitude, particularly in the key areas of stablecoins and real-world assets (RWA). Long Fan revealed that they are in communication with several teams applying for a stablecoin license in Hong Kong, while also seeking partners willing and able to implement RWA projects.

As an infrastructure provider, Conflux not only offers underlying technical support, but also aims to assist partners in compliance and business matters. Long Fan emphasized that they are most eager to collaborate with teams that genuinely want to get things done. This pragmatic cooperation philosophy has already begun to show results in projects with several well-known companies.

Long Fan described the development model of Conflux with a vivid metaphor: if the Conflux public chain is likened to a highway, then Shanghai is responsible for "road construction" (technology research and development), while Hong Kong is "car manufacturing" (application development). This unique division of labor stems from a deep technical accumulation and keen market insights.

The core technological work of Conflux is mainly completed in Shanghai, while Hong Kong plays a significant role in ecological applications due to its advantages as a global financial center and in policy. Currently, more than half of the ecological projects deployed on Conflux come from Hong Kong. This dual-city collaboration model, which combines technology and capital, is becoming an important competitive advantage for Conflux.

Long Fan believes that this model is not only applicable to Conflux, but the entire Web3 industry can learn from the "Mainland + Hong Kong" cooperation model. Through this approach, Hong Kong is expected to become an important hub in the Web3 world, providing a platform for Chinese Web3 entrepreneurs to work together.

From academic projects to important industry players, the development of Conflux reflects the complete evolution of China's blockchain industry from technological exploration to commercial implementation. In the new development stage, how to transform compliance advantages into ecological advantages, how to collaboratively build global competitiveness through synergy between the mainland and Hong Kong, and how to maintain technological leadership in pragmatic development are all important issues faced by Chinese Web3 enterprises.

Conflux's development approach provides us with an example: based on compliance, promoting development through openness, seeking win-win through collaboration, and planning for the future with a global perspective. This may be the key to breakthroughs for Chinese Web3 companies in the new era.