> For the complete documentation index, see [llms.txt](https://x-land.gitbook.io/doc/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://x-land.gitbook.io/doc/background.md). # Background 2022 was the year of comprehensive advancement for the blockchain industry in Asia. As an international financial center, Hong Kong approved the trading of BTC and ETH ETF futures and officially legislated the application of digital currencies in Hong Kong. With the arrival of 2023, Hong Kong is attracting global Web3.0 and artificial intelligence projects and investment institutions, making it the largest international digital financial center in Asia with its influence spreading worldwide. After experiencing the economic crisis of 2008, new technological and ideological revolutions are changing our way of life and activating new consumer market demands. The invention of smartphones has driven the development of Web2.0 technology, promoted the upgrading of the telecommunications industry, and facilitated the growth of new service industries, transforming the ways we shop, do logistics, make payments, engage in social activities, and entertain ourselves. The decentralized ideology, supported by numerous economists and anarchists through the invention of BTC, sees the application of decentralization in the global financial market as the ultimate solution to avoid plundering. Now, we are gradually recovering from the economic crisis since the outbreak of the pandemic. The decentralized ideology, nurtured since 2008, has provided the theoretical foundation, and the ongoing global de-dollarization is the ultimate practice. The new technological revolution born out of this economic crisis will be represented by Web3.0 technology, which combines AI and blockchain, as a new productive force, bringing about new development prospects in various fields. This includes new application modes in gaming, social interaction, automotive industry, finance, e-commerce, payment systems, government affairs, and the establishment of intelligent, creative, and autonomous metaverse spaces. It will drive the development of industries such as XR, 5G, services, and the Internet of Things (IoT). --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://x-land.gitbook.io/doc/background.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.