Earlier this month Red Pill participated in the Blockchain Economy Summit in the Turkish Capital Istanbul. The event has brought together many crypto enthusiasts, industry leaders and top brands to share their knowledge and discuss the future of Web3.
Initially started in 2020, Blockchain Economy Summit quickly became the largest blockchain-focused event in Eurasia, sponsored this year by major market players like OKX, MEXC, Kucoin and covered by major media outlets like CryptoKTV, Bloomberg and Business Insider. This year’s event featured over 3000 attendees, from 80+ countries, as well as more than 100 press members.
Likewise, the speakers’ line-up was simply unparalleled with top Wall Street strategist Tom Lee, industry-leading analysts like Adrian Zduńczyk and senior-level officials of major market players, such as Turkish Airlines, MEXC, Foxify and Kucoin.
The event attracted many Web3 developers and entrepreneurs from all over the world and gave us a vital insight into the morale of the crypto market, something that can only be done when talking face-to-face during events like this.
Despite the fact that the market is still in its bear stage, the crypto segment is alive and well. What’s more, Red Pill saw many emerging innovative projects, like Crypto Carbon Energy that aims to use the power of blockchain to reduce carbon emissions and facilitate the transition to renewable energy sources. Crypto enthusiasts are full of hope and major analysts, like Adrian Zduńczyk, whom Red Pill has met at the summit, assure us that the bull market is back or soon will be.
Another important observation is that the educational and scientific communities are becoming more interested in blockchain. At the summit, Red Pill met attendees from Istanbul Tech University and ICI Bucharest, the research institute based in the Romanian capital of Bucharest. This interest is important because it shows that education becomes more forward-looking, taking into account blockchain technology and preparing the future generations of Web3 developers today.
The location of the Summit gave us another insight into the perspective of the Web3 and crypto world. Now, 16% of the population of Turkey (almost 13.6 million people) owns crypto, and, as the Turkish lira continues to be extremely volatile, many more look for alternatives, which goes to show the incredible importance of blockchain technology.
Finally, the importance of these live events for the industry cannot be overstated. For Red Pill and other developers, they provide a great place for networking, meeting potential partners and showcasing the brand among the leaders of the industry. Not only do these events bring crypto enthusiasts and experts together, but they also help bring innovations faster and help more businesses and individuals to get into the world of Web3. And this is a goal that Red Pill, as a company that helps businesses to transition from Web2 to Web3, can only support.
This May Red Pill’s delegation attended the Blockchain Economy Istanbul Summit. This event gave us a lot of insights into the state of the crypto market today.
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