Frank Chen, Director of Huaying Group and CEO of KOVAR: Morphemes are the fundamental resource similar to "electricity" in the AI era.

MeNews · 2026-04-08T02:17:40+00:00

Frank Chen, Director of Huaying Group, delivered a speech at the AI Agents in Action Summit, exploring the AI Token Economy and Web 4.0 infrastructure, emphasizing that tokens will become a vital production factor in the AI era. He introduced KOVAR's strategy and its products in enterprise-level AI governance, while also launching the Token Hub Alliance and the Tokenthon competition to promote global developer collaboration and AI ecosystem development.

MeNews

2026-04-08 02:17:40

Abstract generation in progress

ME News update: On April 1 (UTC+8), yesterday (March 31, 2026), Frank Chen, Director and CEO of KOVAR at HuaYing Group (NASDAQ ticker: AXG), delivered a keynote speech at the AI Agents in Action summit, jointly hosted by Hong Kong Cyberport, the international media platform ME Group, V a n w e i S i l i n g, and iPollo. He spoke on AI Token Economy and Web 4.0 infrastructure. As large-model and agent technologies accelerate in evolution, Tokens are gradually becoming an important production factor in the AI era. In future Web 4.0 architecture, tokens will not only be digital assets, but also the core units that drive AI application execution, computing resource access, and value circulation.

Frank Chen then introduced the strategic development of KOVAR, HuaYing Group’s Web4.0 infrastructure company. KOVAR focuses on platform-based business for enterprise-grade AI and agent governance, offering two major product lines: “Know-your-Agent” and the “AI Large Model Aggregation Platform.” It covers core application scenarios such as fintech and digital assets.

In the developer ecosystem, Frank Chen highlighted two major initiatives from HuaYing Group: first, establishing the Token Hub alliance, aiming to work with global partners to build an open and collaborative AI token innovation hub; second, the world’s first AI innovation contest token, Tokenthon, designed to connect global developers with top-tier computing power resources, co-building a continuously growing community of AI creators, and further advancing the development of the AI token economy ecosystem. (Source: HuaYing Group)

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