All the excitement of the Web3 movement reminded me of the 2010-2012 period in Southeast Asia. There were abundant opportunities in the region, and everyone was doing something interesting.
Every other meetup excites you and further motivates you to push harder in your own work areas. Startups are pitching not just to raise investments but honestly to share the excitement and the raw passion that they have in solving that problem with their proposed solution.
With an overall emerging market outlook, there was massive potential in many sectors for which entrepreneurs and founders are looking to create solutions. This statement is now true for the Web3 movement.
Caring for Web3
e27 has been starting to shift our content focus into Web3 since the start of 2022. The main reason is the idea that Web3 is a powerful and life-changing concept and definitely means more than crypto tokens and exchanges.
The promise of decentralisation and a community-first model seems to make perfect sense in a world of mixed opinions, capitalism and its zealous growth march, which are detrimental to its own environment. Thus, we are taking a closer look at this space to understand where the innovations are and how they could impact and assist our current tech community, which is made up of Web2 companies.
Also Read: Web3 marketing: Building a cult-like community
For the past seven months, I have been spending time researching, speaking to new and old friends, learning the basics of the crypto jargon and what terms like “shilling” actually meant and going into multiple rabbit holes of NFTs and tons of discord channels. Dabbling with DeFi, I was also amazed by the number of projects that were attracting tons of money (before March).
Web3 events
As a community platform, events are part of our core, organising and attending events.
One of the key events I’m looking forward to attending is Coinfest, which will happen next week in Bali. The Indonesian government has done much to encourage the growth of the digital nomads, and a portion of these communities are crypto and Web3 related.
The area where I’m personally interested is going deeper into DAOs and Web2.5 models and concepts. Web2.5 is a small movement where innovative concepts and technologies are created to bridge the ever-dividing gap between the Web2 and 3 models.
There’s plenty to learn more from the agenda with two separate tracks targeting the Web3 natives and the learning general technologists, startup founders and businesses that are attending the event next week.
I’m most looking forward to sessions on how Web2 companies transition to Web3 and how to build Web3 companies. I’ve spent a few months studying this trend and would like to hear from others in the ecosystem on how they think this transition will come about. What are the practical applications of Web3 beyond crypto, and how can conventional Web2 companies embrace the new world order?
Coinfest Asia has a stellar set of speakers from the key well-known exchanges, L1 blockchain representations, banks and investors and most importantly, key support from the Indonesia Ministry of Trade, with Vice Minister Jerry Sambuaga officiating the opening ceremony for the event. Check out the entire agenda and speakers and get involved here.
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