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

ME News update, April 1 (UTC+8). Yesterday (March 31, 2026), Frank Chen, Director and CEO of KOVAR at HuaWin Group (Nasdaq ticker: AXG), delivered a keynote speech at the AI Agents in Action summit, which was jointly hosted by Hong Kong Cyberport, the international media platform ME Group, iPollo, and Wanwei Si Ling. He spoke on AI token economy (Token Economy) and Web 4.0 infrastructure. With large-model and agent technologies accelerating in their evolution, tokens are gradually becoming an important production factor in the AI era. In the future Web 4.0 architecture, tokens will not only be digital assets, but will also become the core units driving AI application execution, compute resource calls, and value circulation.

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

In the developer ecosystem, Frank Chen highlighted two major initiatives by HuaWin Group: first, initiating the establishment of the Token Hub Alliance, aiming to work with global partners to build an open, collaborative AI token innovation hub; second, the world’s first AI innovation competition token, Tokenthon for token松. Its goal is to connect global developers with top-tier compute resources, co-build a continuously growing AI maker/creator ecosystem, and further advance the development of the AI token economy ecosystem. (Source: HuaWin Group)