Event Review | The "Chengdu Web3 - Real Opportunities and Entrepreneurial Pitfalls" event has successfully concluded!

What kind of sparks of thought will collide when Chengdu meets the wave of Web3? On August 15, the "Chengdu·Web3—Real Opportunities and Entrepreneurial Pitfalls" themed exchange meeting, jointly organized by Mankun Law Firm and the Web3 Compliance Research Group, and co-organized by Zhiheng (Chengdu) Law Firm and Chain Law Technology, successfully concluded in Chengdu! This event invites industry leaders from Mankun Law Firm, Web3 Compliance Research Group, Chain Law Technology, Huoxun Finance, Zhiheng Chengdu Law Firm and others who are deeply engaged in Web3 compliance to have face-to-face discussions with local Web3 practitioners, entrepreneurs, and lawyer friends in Chengdu. They will talk about the real opportunities in the industry, share experiences of pitfalls in entrepreneurship, break the cognitive barriers for Chengdu's Web3 practitioners, and reconstruct the cognitive paradigm of the industry.

Opening remarks At the beginning of the event, Zhao Yidan, co-founder of Huoxun Finance, builder of RWA Wave Lab, and deputy director of RWA Research Institute's brand IP institute, served as the host, warmly welcoming the guests present and introducing the organizers and co-organizers of the event, marking the start of the event.

Subsequently, Ms. Xia Yao, a senior partner at Zhiheng Chengdu Equity, took the stage to give a speech, briefly introducing the development history of Zhiheng (Chengdu) Law Firm and its extensive service network. She conveyed the firm's attention and support for the Web3 field to the attendees, laying a professional communication tone for the salon.

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Co-founder and Marketing Director of Mankun Law Firm - Zhang Na Ms. Na shared her experiences and insights on deepening in the Web3 field. She pointed out that the healthy development of Web3 cannot be separated from the soil of "legal occurrence," and professional legal services are an important nutrient for this soil. In terms of business layout, Mankun has built a full-chain service system covering long-term legal advisory for Web3.0, compliance for NFT digital collectibles, global license applications, and the establishment of crypto funds. This system can provide initial compliance support for project parties and assist traditional enterprises in completing digital transformation. In terms of service model, we have cumulatively served over 300 Web3 projects through a combination of "content legal education + offline activities + digital management". The innovative "Three-Power Evaluation Model" can accurately match customer needs and improve service efficiency. Regarding the Chengdu market, she stated that they will strengthen local collaboration and provide customized services that combine "global breadth + Chinese depth" by leveraging regional innovation vitality, thus contributing to the compliant growth of the regional Web3 ecosystem. Ms. Na emphasized: "Web3 is not a lawless land; compliance is not a shackle on innovation, but a guarantee that allows innovation to go further. Mankun has always believed that only by allowing Web3.0 to occur legally in China can its true commercial value be released."

Senior Corporate Compliance Specialist, Head of Blockchain Legal Affairs Department at Zhiheng (Chengdu) Law Firm - Pang Meimei Lawyer Pang Meimei uses her unique experience of "IT engineer transitioning to legal practitioner" as a starting point. From the perspective of a cross-disciplinary individual, she shares practical industry insights by leveraging her years of IT experience and legal practice to deeply analyze the triangular relationship of "technology - law - finance" in the Web3 field. She precisely dissects pain points for different groups: analyzing the criminal risks in virtual currency trading for Web3 practitioners, clarifying the boundaries of high-frequency offenses such as "aiding and abetting" and "money laundering", and delineating compliance red lines; breaking the misconception among traditional legal peers that "Web3 legal services are limited to criminal defense", showcasing diverse business scenarios through cases like NFT compliance consulting and cross-border payment structure design; emphasizing the underlying logic of "business and law collaboration" for entrepreneurs, suggesting that compliance genes be embedded in the early stages of projects to avoid risks from the business model design phase. She also specifically mentioned the uniqueness of the Chengdu Web3 ecosystem: "The innovation here has the warmth of tea houses, yet harbors the ambition for technological breakthroughs. Legal services need to be more grounded and more industry-aware to truly safeguard innovation."

Guest AMA Session

This roundtable AMA session invited three heavyweight guests to discuss the topic of "how to efficiently utilize the dividends of the Web3 industry under the premise of Compliance". They are: Zhang Na | Co-founder and Market Director of Mankun Law Firm Meg | Partner at Chainlaw Technology Business Law Division Fat Meimei | Senior Compliance Specialist, Head of Blockchain Legal Affairs Department at Zhiheng (Chengdu) Law Firm This roundtable is hosted by Zhao Yidan, co-founder of Huoxun Finance, builder of the RWA Wave Lab, and vice president of the RWA Research Institute brand IP. She first gave a brief introduction of the guests present and then raised thoughts on the domestic Web3 entrepreneurial environment as a starting point, officially commencing this roundtable Q&A session.

Ms. Zhang Na, co-founder and marketing director of Mankun Law Firm, demonstrates the value of Web3 legal services in people's livelihoods and risk prevention through cases: After virtual assets are incorporated into family wealth, new topics such as NFT division in marriage and the identification of virtual currency appreciation during marriage have emerged. In inheritance, issues such as private key management and on-chain confirmation are prominent, requiring a "legal + technology" solution to address them; criminal risks are a must-learn subject for practitioners, as every step from OTC trading fund reviews to token issuance compliance may touch the red line. Legal services should prioritize risk prevention rather than just post-event relief, building a solid defense for the healthy development of the industry.

Ms. Meg Mai, a partner in the Commercial Law Division of Chain Law Technology, has been deeply involved in the Web3 industry for a long time, analyzing the potential and challenges in the exchange and payment sectors from a business perspective. She pointed out that the exchange track is shifting from "extensive expansion" to "refined operation," with compliance becoming the core competitiveness. Leading platforms have already laid out a global license matrix, while small and medium-sized platforms need to deepen their focus in vertical fields; in the payment sector, the "integration of traditional finance and Web3" is a key opportunity point. There is strong demand for scenarios such as stablecoin payments and cross-border crypto remittances, but issues like anti-money laundering and foreign exchange regulation need to be addressed. Some companies have already made breakthroughs through the RWA model of "off-chain compliance + on-chain settlement," which meets regulatory requirements while retaining the efficiency advantages of blockchain. She reminded practitioners that the design of profit models must be based on compliance, "the short-term traffic dividend is not as good as the long-term compliance barrier."

Senior Compliance Specialist and head of the Blockchain Legal Affairs Department at ZhiHeng (Chengdu) Law Firm, Lawyer Mei calls on colleagues to seize the Web3 opportunity, pointing out that traditional lawyers' understanding of Web3 often remains at "virtual currency crimes," while there has been a surge in legal service demands in areas such as smart contract auditing, DAO governance, and digital identity verification. Lawyer Mei emphasized that the cross-disciplinary ability of technology and law is the core competitiveness—"Without understanding blockchain technology, it is difficult to identify vulnerabilities in smart contracts; without familiarity with regulatory frameworks, it is challenging to design compliance models." In the future, lawyers who combine "technological logic + legal thinking" will be able to seize opportunities in the blue ocean. She urged the legal community to break free from inherent perceptions and embrace technological transformation, stating, "Web3 is not a lawless land, but a testing ground for legal service innovation."

Conclusion The event has successfully concluded. This professional exchange focused on cutting-edge fields not only provided industry communication and legal guidance for the compliant development of Web3 practitioners in Chengdu, but also offered a clear direction for future entrepreneurs looking to establish themselves in Chengdu's Web3.

To safeguard the high-quality development of the Chengdu regional economy and technological innovation, and to help unleash more innovative vitality in the Web3 field within a compliance framework. It is hoped that this sharing can assist Chengdu Web3 practitioners in finding their coordinates in the Web3 industry. Thank you to all the guests present, and we look forward to seeing you again next time!