Coinfest Asia 2024 Partners with Polkadot as Title Sponsor

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As a seasoned analyst with over a decade of experience in the cryptocurrency market, I find the announcement of Polkadot as the title sponsor for Coinfest Asia 2024 to be a strategic move that underscores the growing influence and potential of the Web3 platform. With more than 6,000 participants and 250 speakers expected at the event, this gathering will undoubtedly serve as a significant opportunity for Polkadot to showcase its capabilities and foster collaborations in the rapidly evolving Asian market.

At Coinfest Asia 2024, the biggest Web3 event in Asia, which is scheduled to occur in Indonesia and will draw a crowd of around 6,000 attendees and 250 distinguished speakers, Polkadot takes on the esteemed role as the main supporter.

Polkadot Takes Center Stage At Coinfest Asia

2024’s largest Web3 festival in Asia, Coinfest Asia, has secured its title sponsor: Polkadot blockchain platform. The event will take place on August 22nd and 23rd in the beautiful location of Bali, Indonesia.

The sponsorship announcement was released on X.com by the Polkadot team, who wrote, 

“At Coinfest Asia, the most significant Web3 event in Asia, Polkadot takes pride as the main sponsor. With more than 6,000 attendees, 2,000 companies, and 250 speakers, this gathering showcases cutting-edge industry advancements and offers valuable insights on the burgeoning markets of Asia.”

Polkadot Reps To Actively Participate

Based on the announcement, a number of teams belonging to the Polkadot community are set to participate in the event. Among them are Mandala Chain, Scytale Digital, Bifrost Omnichain, Kilt Protocol, and The Kusamarian, along with others.

Moreover, the announcement disclosed that technical educator Filippo Franchini, hailing from the Web3 Foundation (the organization behind Polkadot as an open-source project), will grace the event. He is scheduled to participate in the keynote panel titled “Unpacking the Layers: Propelling Web3 Scalability,” where he will share the stage with representatives of other prominent Web3 entities, such as the Arbitrum Foundation, Layer 1 protocol Monad, and BNB Chain.

$DOT Continues To Struggle

1. The cryptocurrency Polkadot’s native token, $DOT, has faced some difficulties lately as it failed to capitalize on the market recovery experienced by Bitcoin and other major altcoins. Its value has been struggling to break above the substantial $6 level and is currently trading at $5.67 as we speak.

“Largest Web3 Event In Asia”

1. Option: This Asian Web3 festival is being highly anticipated as the biggest of its kind, attracting more than 6,000 attendees from over 65 nations. Approximately 2,000 companies are taking part in this event, which currently features over 250 speakers.

Per information on the Coinfest website, the goal of this event is to broaden the influence of Web3 technology in rapidly developing markets, particularly Southeast Asia, which is currently the world’s most dynamic region for Web3 growth. A key objective is to promote widespread adoption of Web3 by fostering collaborations, with Indonesia being a prime focus due to its significant number of new crypto users—approximately 400,000 each month.

1) Option: The site further disclosed that ticketholders will have an opportunity to engage in panel discussions, attend workshops, participate in meetups and side sessions, as well as interact with the festival’s speakers directly. Additionally, the event features Hackathons, pitching events, and trading contests.

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2024-07-30 11:34