Futu Securities: Ethereum adds vitality and more investment scenarios to the Crypto ecosystem beyond currency

Zhu Zhen, Senior Vice President of Futu Securities, stated that as the Hong Kong government develops and implements policies on virtual assets, the concept of Crypto is gradually becoming popular among retail investors, and industry participants are also increasing. In addition to payments, the applications of Crypto in financing, investment, and storage have also attracted the attention and entry of institutional investors. The release of Ethereum (ETH) has brought more possibilities for the application and innovation of Blockchain technology. ETH not only promotes the development of smart contracts, but also promotes the birth and popularization of decentralized applications (DApps), decentralized finance (DeFi), non-fungible tokens (NFTs), and initial coin offerings (ICOs). These innovative technologies and applications not only add vitality to the Crypto ecosystem beyond currency, but also provide more investment and usage scenarios.