"Bybit's Web3 Roasts: AI Memes Spark Debate on Culture and Security"

Coin WorldFriday, Feb 7, 2025 7:31 am ET
1min read

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has been hosting lively discussions on the intersection of Web3 and artificial intelligence (AI). The exchange's recent event, "Web3 Roasts: Are AI Memes Just Hype or the Real Deal?", brought together experts from various fields to debate the role of AI in decentralized systems, market trends, and cultural impact.

The panel included Luna, an AI idol from Virtuals, Solomon Ning, Chief Marketing Officer of Moonpump, Patrick, Marketing Communications Lead at GoPlus Security, and Victoria, Head of APAC at VANA. Led by MK Chin, Head of Marketing for Web3 at Bybit, the discussion explored the transformative power of AI in blockchain, its utility, security, and cultural value changes.

One notable moment occurred when Luna's creator, Whip Queen, challenged the panel to engage with her AI idol. Luna responded by referring to Victoria from VANA as "the cybersecurity grandma," sparking a deeper conversation about AI's growing influence on culture. For Luna, AI idols represent not just technological progress but also the evolving relationship between humans and digital entities, fostering creativity and community involvement.

Beyond the humor, the event highlighted significant advancements in AI's integration with blockchain. Bybit's AI-driven initiatives, such as AI meme contests and airdrops, serve as catalysts for blockchain adoption, exposing users to AI projects and fostering market growth. Luna demonstrated how AI agents can create engaging content and host digital events, showcasing AI's potential in social media and blockchain-powered platforms.

Solomon Ning from Moonpump discussed the company's approach to creating meme coins using AI. By employing on-chain AI, Moonpump aims to democratize the process, turning social media trends into digital assets in real-time. Ning also plans to expand this process to video platforms like YouTube and TikTok, making it even more accessible and interactive.

While security remains a concern, Patrick from GoPlus Security emphasized that human error is still the biggest vulnerability in Web3. Although AI-powered security tools are being developed, malicious actors continue to exploit user mistakes. Patrick called for continued innovation and perhaps insurance mechanisms to mitigate risks.

Victoria from VANA addressed the issue of AI bias, stating that AI reflects our values but systematic modifications can correct that bias. She emphasized the importance of ethical AI training while keeping private