CoinFest Asia 2024 was held on August 22-23, 2024 in Nuuanu Metropolis, Bali.
The occasion, Asia's largest cryptocurrency and Web3 pageant, attracted over 6,000 contributors from completely different international locations.
For every nation, this marks a pivotal second for the area's Web3 business.

Commodity Futures Buying and selling Regulatory Company (BAPPEBTI) Director Normal Kasan
The Significance of Coinfest Asia as a Key Platform for Crypto Trade Gamers
Alternate information, collaborate and foster innovation.

“CoinFest Asia is a discussion board for business gamers to share insights, collaborate and
Discover the improvements of blockchain and Web3 applied sciences. All of those
It’ll strengthen the nation's cryptocurrency sector,” Kassan mentioned.

Now in its third version, Coinfest Asia skilled spectacular progress of fifty%.
The variety of annual contributors will improve from 2,000 within the first 12 months in 2022 to 4,000 in 2023.
By 2024, the quantity will exceed 6,000.

In accordance with Ferita Setiawan, the notable progress this 12 months is
A good scenario throughout the Web3 and cryptocurrency industries.

“This 12 months, market situations have improved considerably, as has attendee engagement.
The variety of contributors elevated considerably.
That is an occasion the place contributors can deepen their interactions with the audio system.
Players and
Builders,” Ferita Setiawan mentioned.

With the theme “The place Innovation Meets Adoption”, Coinfest Asia 2024 was an awesome success.
Greater than 150 crypto and Web3 specialists from world wide gathered for the occasion, which featured 100 panel discussions and 100 facet occasions.
Internet hosting occasions and facilitating the creation of greater than 25,000 significant connections
Enterprise alternatives and innovation.

The occasion is Indonesia's first for international Web3 firms.
Potential within the international Web3 atmosphere. Web Laptop, Manta,
Pendle is impressed by the passion and fast progress of Web3 in Indonesia.
Ecosystem.

Dominic Williams, Founder and Chief Scientist of the DFINITY Basis (Web Laptop)
“The caliber of Indonesian builders is among the many greatest on this planet.
It was an surprising discovery. We’re very optimistic about Indonesia.”

Manta co-founder Victor Ji shared his imaginative and prescient:
The neighborhood right here is deeply concerned within the person expertise and the merchandise they construct.”

Anthony, head of progress at Pendle, agreed, saying, “The expansion of Web3 is
Indonesia's presence is obvious, as mirrored within the vibrant vitality we witnessed at CoinFest.”
CoinFest Asia's Objectives and Imaginative and prescient for 2025

2025 is anticipated to be a transformative 12 months for the cryptocurrency business, particularly in Indonesia.
From January 2025, the Monetary Providers Authority (OJK) will take over regulation.
Eradicating oversight of the cryptocurrency business from BAPPEBTI is anticipated to foster a extra favorable atmosphere.
It’ll create a steady atmosphere for the cryptocurrency and Web3 sectors.

As blockchain and cryptography adoption accelerates globally, Coinfest
Asia 2025 will concentrate on addressing the next key industrial challenges:
Actual World Belongings (RWA), Digital Id, AI in Blockchain, and Advances in Navigation
More and more complicated regulatory atmosphere. Moreover, Coinfest Asia 2025
It is going to be the stage for some huge bulletins from main crypto initiatives and can present an enormous enhance.
Trade improvement.

Ferita Setiawan mentioned, “CoinFest Asia 2025 is not going to solely double the variety of contributors this 12 months,
We additionally intention to take occasions to new heights – we plan to introduce enhanced interactive options.
We’ll welcome extra international business leaders and develop networking alternatives.
It addresses the rising demand and significance of Web3 applied sciences in Asia.”

About Coinfest Asia

Coinfest Asia is the world's largest pageant devoted to cryptocurrency and Web3, bringing the business collectively.
Leaders, innovators and communities interact, be taught and collaborate to form the longer term
Web3 applied sciences. Coinfest Asia, held yearly in Bali, continues to
It’s a platform to develop the business attain and strengthen the ecosystem within the area.
Coinfest Asia 2024 was held with the assist of over 60 sponsors, together with Polkadot and 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 many others.