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Coinfest Asia 2024 was efficiently held in Nuanu Metropolis, Bali, on August 22-23, 2024. Because the
largest crypto and Web3 competition in Asia, the occasion attracted over 6,000 members from numerous
international locations, marking a pivotal second for the Web3 business within the area.
Kasan, Head of the Commodity Futures Buying and selling Regulatory Company (BAPPEBTI), underscored
the importance of Coinfest Asia as a number one platform for crypto asset business stakeholders to
trade data, collaborate, and foster innovation.
“Coinfest Asia serves as an important platform for business gamers to share insights, collaborate,
and discover improvements in blockchain and Web3 applied sciences, all of that are important to
strengthening the nationwide crypto asset sector,” Kasan said.
Now in its third version, Coinfest Asia has skilled spectacular progress, with a 50% improve
in annual members—from 2,000 attendees in its inaugural yr in 2022 to 4,000 in 2023, and
surpassing 6,000 in 2024.
In keeping with Felita Setiawan, the notable progress this yr was pushed by the more and more
favorable situations throughout the Web3 and crypto industries.
“This yr, the market situations are considerably extra optimistic, and participant engagement
has been markedly greater. We launched extra interactive panel classes, enabling direct
interplay between attendees and audio system. Moreover, the occasion was designed to be extra
immersive, incorporating actions tailor-made to varied audiences, together with players and
builders,” remarked Felita Setiawan.
With the theme “The place Innovation Meets Adoption,” Coinfest Asia 2024 efficiently introduced
collectively over 150 world specialists in crypto and Web3, hosted 100 panel discussions, 100 aspect
occasions, and facilitated the formation of greater than 25,000 significant connections, fostering
enterprise alternatives and innovation.
The occasion additionally offered a singular alternative for world Web3 firms to evaluate Indonesia’s
potential throughout the world Web3 panorama. Corporations corresponding to Web Laptop, Manta, and
Pendle expressed admiration for the passion and speedy progress of Indonesia’s Web3
ecosystem.
Dominic Williams, Founder & Chief Scientist at DFINITY Basis (Web Laptop),
commented, “The caliber of Indonesian builders is among the many highest globally—this was an
surprising discovery. We’re extraordinarily optimistic about Indonesia.”
Victor Ji, Co-Founding father of Manta, shared his perspective: “I’m very optimistic concerning the
neighborhood right here. They’re deeply invested within the consumer expertise and the merchandise they construct.”
Anthony, Head of Development at Pendle, echoed this sentiment, including, “The expansion of Web3 in
Indonesia is clearly evident, mirrored by the colourful power I witnessed at Coinfest.”
Coinfest Asia Targets and Imaginative and prescient for the 2025
2025 is anticipated to be a transformative yr for the crypto business, notably in Indonesia.
Starting in January 2025, the Monetary Companies Authority (OJK) will assume regulatory
oversight of the crypto business from BAPPEBTI, a shift anticipated to foster a extra conducive
and secure setting for the crypto and Web3 sectors.
Because the adoption of blockchain and crypto know-how continues to speed up globally, Coinfest
Asia 2025 will return with a give attention to addressing crucial business challenges, together with
developments in Actual World Belongings (RWA), Digital Identification, AI in blockchain, and navigating
more and more advanced regulatory landscapes. Moreover, Coinfest Asia 2025 will function a
stage for important bulletins from main crypto initiatives, poised to drive substantial
business developments.
Felita Setiawan remarked, “Coinfest Asia 2025 goals not solely to double this yr’s participation
but additionally to raise the occasion to new heights. We intend to introduce enhanced interactive
experiences, welcome extra world business leaders, and increase networking alternatives to
accommodate the rising demand for and relevance of Web3 applied sciences in Asia.”
About Coinfest Asia
Coinfest Asia is the most important world competition devoted to crypto and Web3, uniting business
leaders, innovators, and communities to interact, study, and collaborate on shaping the way forward for
Web3 applied sciences. Held yearly in Bali, Coinfest Asia continues to function the premier
platform for increasing the business’s attain and strengthening its ecosystem throughout the area.
Coinfest Asia 2024 was proudly supported by over 60 sponsors, together with Polkadot, Mandala
Chain, Coinstore, OKEx Pockets, CoinTech2u, CFX, Aptos, Haqq, Google Cloud, Ripple, Indodax,
Tokocrypto, Pintu, Triv, Cloudmile, MEEET, Staynex, W3GG, BRI Financial institution, Bitget, and lots of extra.