"RWA: Opening a New Value Channel for Trillion-Level Cultural and Entertainment Assets" Roundtable Forum Guest Opinions Overview

[“RWA: Opening a New Value Channel for Trillion-Level Cultural and Entertainment Assets” Roundtable Forum Guest Opinions Overview] Jinse Finance reported live that at the roundtable forum themed “RWA: Opening a New Value Channel for Trillion-Level Cultural and Entertainment Assets”, Jinse Finance CEO Wang Yukun pointed out: Last year, some short dramas appeared in the encryption industry. With the expansion of funding sources, the industry can accommodate more entertainment industry IPs. Compliance is very important. Currently, we also have other teams exploring RWA, which can achieve a certain level of compliance. There are indeed pain points in the integration of Web3 and the cultural and entertainment industry: Web3 has strong financial attributes, while the cultural and entertainment industry has strong professionalism, thus there are very few talents that overlap between the two industries. For us, how to bridge the gap of professional talent is a question that needs to be explored further." The CEO of the film and entertainment RWA platform Mirror.fan, Wang Yaohao, pointed out: First, the RWA in the entertainment industry is combined with finance and consumption, and Web3 can maintain the popularity of works on-chain. If fan economy is incorporated during the creation phase, the on-chain attention will bring opportunities for secondary dissemination. The combination of Web3 and entertainment can solve the cost issues of production and promotion. Additionally, the expansion of revenue models can make the long-tail effect of fans even longer, such as launching figurines, co-branded products, etc. Finally, the integration of Web3 and entertainment can lead to changes in content, and the market space will transform from one dimension to an integrated whole. Wang Guowei, General Manager of Guoying Holdings Co., Ltd. and former Vice Chairman of the China Film Foundation and CEO of China Film Network, pointed out: From the development experience of Hollywood, we must seize the cultural leading role, not only focusing on financing issues but also on how to gather wisdom and allow tens of thousands of people to participate. There is hidden national culture and national spirit within great IP. Yang Tao, a lawyer from Beijing Huatian Law Firm and an independent director of Huayi Brothers Media Co., Ltd., pointed out: The current compliance issues arising from the combination of entertainment and RWA still need to be discussed. In the entertainment industry, it's not just about the money, but also the audience's feelings. Entertainment is a non-standard asset, and with the integration with Web3, new industry standards may be summarized through practical implementation. Wang Hui, founder of Tang Dynasty Glory Media Co., Ltd. and vice president of the China TV Drama Production Industry Association, pointed out that financing issues have been a persistent challenge for the entertainment industry. Web3 can empower financing, which will benefit the entertainment industry. If compliance can be properly managed, it will further assist the development of China's entertainment industry. Compliance for RWA in the entertainment sector should be relatively easy to achieve. Qianxing Century CEO Li Silin: The entertainment industry used to be a high-threshold industry that ordinary people could not participate in. In the future, through the RWA model, project funds can be split, allowing everyone to share in the future long-tail benefits. The value of the RWA market lies in the demand of the new generation of consumers. The young audience is precisely the focus of the entertainment industry, and the combination of film and entertainment with Web3 will create a brand new ecosystem.