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Sorry. 00:05 Everyone I'm Elias I am the new Singapore leader and I also am on the board. 00:05 I sit on the board of one of the cornea projects, 00:10 which is back by new and also funded by new as well. 00:13 I'm here to talk about the new ecosystem an what new is all about as what we call a smart economy and what the ethos and what news goals and 00:18 purposes. 00:29 In the entire blockchain ecosystem. 00:29 So what people always ask what is the newest money economy and. 00:37
New is a fully fledged, 00:42 smart contract platform design to build scalable network of decentralized applications. 00:43 So currently we have about 2 to 300, 00:50 decentralized applications building on this protocol, 00:52 which would make us a second most build upon protocol. 00:55 Behind Ethereum. 00:59 We were the first blockchain project in China and also are the largest crypto currency in China by market cap. 00:59
Also, together with ontology, which was created by the founders of Neo as well and within the new ecosystem most notably. 01:09 We also have Neo Global Capital. 01:17 You guys might have heard from Tony Groove was the founding partner Global Capital, 01:19 who was on the panel just now they were the best performing Crypto hedge fund in China in in 2018, 01:25 so apart from the block. 01:32 All the tag in the smart contracts within the blockchain ecosystem in you. 01:33
We also have a very strong venture capital venture capital arm of new as well. 01:38 So with a new ecosystem, 01:47 many people was call us or give us the name. 01:48 The China Ethereum. 01:52 Are we really the China Ethereum. 01:52 We are slightly different, although that, 01:55 although we are about smart contracts, 01:58
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