Background Information

How does money become money?

How does it become valuable?

How does cash become an exchange medium?

Because of human consensus, and how does consensus come about? Why has fiat currency been recognized by humans all over the world?

This is attributed to country support, the circulation of a currency depends on whether its country is powerful or not. Therefore once a country is strong enough, its currency will also be recognized. This consensus lasting for hundreds of years has started to collapse since the birth of Bitcoin in 2008, as it fired the first shot.

At the very beginning, Bitcoin was created for challenging the centralized banking system and served as a decentralized payment system for common people, which allows people to truly master their own fortunes and get rid of the control from the sovereign, government, or financial magnate.

Today, the application of Bitcoin has moved away from its original purpose, but one thing that is hard to deny is that there is a consensus that Bitcoin does have value, and that has led to its price going up as well. While Bitcoin has fallen away from its original intent, there is a generation of talent in the world, and Meta (formerly Facebook) proposed to issue its sub-sovereign currency, Libra (later renamed Diem), in 2019, and with its huge user base, many investors threw themselves at it, but crossing sovereignty was not easy, and the project fell apart after being sued by the SEC. But once the idea is ignited, it is not so easy to extinguish.

Coinciding with the fierce discussion of web 3.0 and SocialFi, Self-data, Self-value, and social value gradually stand out from the major ideas. In this context, the birth of City of Dream seems inevitable.

For more than a decade, it has been difficult for individuals in the blockchain industry to find exposure channels for their self-worth, and even for many knowledgeable people to find their own stage to shine. The birth of City of Dream is to provide every individual with the opportunity to show themselves and to provide a platform for every individual with common ideals to work together, and to collaborate in entrepreneurship.