Web3.0 Bali: A Stage Bringing Blockchain Projects and Crypto Enthusiasts Together
– Nadezhda Ravina, CMO Veezy Ad Platform of Web3
The year 2020 marked the beginning of Indonesia’s efforts to become a global cryptocurrency leader. Experts say there is no reason the country can’t succeed. In addition to Dubai and Singapore, Bali Island may soon be considered one of Asia’s most promising locations for the growth of the cryptocurrency industry.
More and more IT workers are relocating to the country as a result of the attractive living conditions, tropical climate, rapid innovative development, and first-class facilities available at a fraction of the cost of Singapore and Dubai.
Crypto Industry Development in Indonesia
Because the Indonesian government sees opportunities for national development, it supports the industry in every way. It also intends to transform Bali from a beach resort into a haven for foreign IT specialists. Sandiaga Uno, Minister of Tourism, stated that the country is working on a new visa for IT specialists that will be valid for five years and will not require tax payments.
Despite the bear market, cryptocurrency adoption in the country is skyrocketing. Adoption is up 115.59%, according to the Blockchain Behavior Report from the DappRadar app.
In addition, the Indonesian exchanges Indodax, Pintu, and TokoCrypto have established themselves on the local Web3-landscape and are actively developing, providing users with a comfortable service.
Vice-Minister of Trade, Jerry Sambuaga said: “Crypto asset prices that have decreased recently have not reduced public interest in investing in this instrument.”
Regular large-themed events and smaller events are focusing on NFT focus areas, DeFi products, Web3 development, and venture collaborations. The events are supported by the government. Indonesian ministers, politicians, and leading businessmen attend the events. Many guests from Dubai, Singapore, and other countries make it possible for projects to quickly build international partnerships and build strong relationships with users.
Major Web3.0 Events held in 2022
CoinFest Asia, Bali
Coinfest Asia: «The First and Biggest Crypto Festival in Asia. Coinfest Asia is the premier industry event that focuses on the crypto ecosystem in Indonesia and Asia. Coinfest Asia is not consumer/retail investor oriented.»
This year’s major and vibrant crypto event, Festival Crypto, Blockchain, Web3, Metaverse, and NFT, organized by Coinvestasi (a top Indonesian crypto media platform).
Coinfest brought together regulators, industry leaders, developer communities, and enthusiasts. More than 2,000 participants attended the festival. In addition to the 2-day conference at Café Del Mar Bali, more than 20 narrow-format events took place in parallel. Live interview speeches, panel discussions, networking, and excellent organization contributed to the business networking in a Balinese vibe atmosphere.
Blockchain Ecosystem Conference, Jakarta
The conference brought together over 100 speakers from 30 countries who shared knowledge and business opportunities about Web3, Crypto, Blockchain, NFT, and Metaverse technologies. It also focused on Indonesia’s trade activities and industry prospects from the addition of blockchain technology into the industry. The event was timed to coincide with Trade Expo Indonesia 2022 and was organized by Favourse.
Simon Smaluhn, CEO & Founder of Favourse explains that their core mission is to promote and support all events related to Web3 technologies and contribute to the development of the industry globally. The company is actively developing in this direction. The Favourse team has already organized many events, including conferences, and focus meetings, focused at attracting the audience to the Indonesian Blockchain community.
Their events focus not only on discussions on topical industry topics and authoritative speakers, Favourse strives to create an environment where it is easy and comfortable to get to know the business environment in Indonesia. Creating a space for quality networking, where passionate people aiming to grow the industry through supporting blockchain projects will gather.
NXC International Summit 2022 by WIR Group, Bali
A world-class summit bringing together VC investors from around the world and high-potential Indonesian startups was held in Merusaka, Nusa Dua. More than 600 international tech market leaders participated, sharing their ideas, analysis, and vision for the future of decentralized technology.
The event was supported by the government. The high number of guests from different cities shows that entrepreneurs and developers in Indonesia are already forming a new face of the technology industry. They are ready to develop the best innovations using blockchain technology with a potential market not only in Indonesia but all over the world.
BlockBali by BlackArrow, Bali
BlackArrow: «Blockbali conference will connect global blockchain gurus and technology players with Indonesian government & business leaders. It will discuss the opportunities in blockchain & cryptocurrencies in Indonesia & lay the foundation for Indonesia becoming ASEAN’s biggest blockchain market. »
The BlackArrow team has been promoting Indonesia as a potential tech hub for Asia since 2018. They are developing an ecosystem of venture capital tech startups to stimulate the development of promising startups in Indonesia.
Leading the Blockbali conference were the results of recent government directives and regulations, and analytical perspectives on institutional adoption of the crypto ecosystem.
Why is Event marketing important in Web3?
Many crypto projects use visiting Web3 events as an effective promotion tool, putting a budget for their attendance in the marketing plan.
- First, target audiences interested in Web3 and the search for new knowledge in general, with which partners and users can engage personally.
- Second, its brand interaction, which allows you to increase brand loyalty. In addition, the events and accompanying VIP meetings and parties are a great networking opportunity.
- Third, this interaction with the project creates a unique emotional connection.
- Fourth, participation in web3 events increases the internet and social media presence of the brand, which has a direct impact on audience reach and brand awareness.
Future Development of Web3 in Indonesia
So, what’s next for us in 2023? While the world is buzzing about the cryptocurrency winter and market capitalization decline, Indonesia continues to grow in digital adoption and developing Web3-related technologies.
Bali is predicted to become a global Web3 playground, bringing together Asia’s biggest players and blockchain industry leaders. If you are thinking of going to the Island of the Gods, don’t deny yourself the pleasure. You’ll find a great community, the support of an engaged government, and a myriad of events where you’ll meet like-minded people and future partners.
Nadezhda Ravina, CMO Veezy Ad Platform of Web3
web: veezy.one/
mail: nravina@veezy.one
LinkedIn: https://www.linkedin.com/in/nadezhda-ravina/
