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Coinfest Asia Returns For 2023 With A Web2.5 Theme

The immersive festival will be held in Bali on 24-25 August 2023 to the delight of crypto enthusiasts, developers, and creators.

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2 years ago

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coinfest asia returns for 2023 with a web2.5 theme

Coinfest Asia, the immersive Web3 festival, will return on 24-25 August 2023 in Bali. The previous event hosted over 2,000 participants from 50+ countries, with attendees coming from institutional, retail, and regulatory backgrounds.

For this year’s event, Coinfest Asia will be held under a new theme known as Converge. As the name suggests, Converge will bring together Web2 and Web3 industries into the transitional Web2.5 implementation.

The internet has existed for over 50 years, with most experts agreeing that its development happened in two distinct cycles. Web1 was the basic internet that most users are familiar with, and existed primarily to share information. Web2, on the other hand, allowed users to create more interactive web pages. The next internet iteration, Web3, takes things to another level with blockchain, crypto, decentralized technologies, NFTs, AI, and the Metaverse.

To many people, however, Web3 is still quite an abstract concept. Coinfest Asia hopes to bridge the gap by focusing on the halfway house of Web 2.5.

“This year, Coinfest Asia will be back with insights and various interactive and interesting activities about the Web 2.5 industry, which is a period of industry transition from Web2 to Web3. This event is also our platform to contribute so that the industry on Web3 continues to grow, especially in Asia,” says Felita Setiawan, Director of ICN and organizer of Coinfest Asia.

Also Read: The Largest Data Breaches In The Middle East

Coinfest Asia will showcase Web2.5 case studies and real-life solutions, while companies can show off their products and network with one another. Outside corporate-based activities, the event will also see crypto enthusiasts, developers, creators, and fund managers coming together to explore the latest technologies.

Through Coinfest Asia, attendees will be invited to experience the shift from Web2 to Web3 themselves, and with tickets available today at special prices, there’s never been a better time to experience what the future holds for your favorite technologies!

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UAE Prepares To Launch Two Satellites: Thuraya-2 And MBZ-SAT

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum chaired the first meeting of the Supreme Space Council yesterday.

Published

5 days ago

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December 17, 2024

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uae prepares to launch two satellites thuraya-2 and mbz-sat

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister of the UAE, chaired the first meeting of the Supreme Space Council in Dubai on December 16, 2024. The session highlighted the UAE’s ambitious space plans and took stock of the sector’s economic progress.

The council emphasized the growing role of private companies in advancing space technologies, noting that their contributions are now equal to that of the public sector. Members also praised initiatives like the Space Economic Zones Programme, which are designed to fuel innovation and investment in the space industry.

Discussing the UAE’s space journey, HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum remarked, “The national space sector continues to grow and advance, and we take immense pride in the remarkable achievements we have accomplished over the years”.

Sheikh Hamdan also received updates on two upcoming satellite projects: Thuraya-2 and MBZ-SAT. Thuraya-2, developed by Space42, is slated for launch this December. Meanwhile, the MBZ-SAT, created by the Mohammed Bin Rashid Space Centre (MBRSC), will soon follow. MBRSC, a major driver of the UAE National Space Programme, continues to lead the nation’s space-related developments.

Space42 took the opportunity to showcase its advancements, including ongoing collaborations between public and private entities. The company also outlined strategies to promote innovation, boost revenue streams, and create new opportunities for growth in the sector.

Also Read: IBM Opens New Doha Office To Support Qatar’s Digital Growth

The UAE’s current projects build on a growing legacy of space exploration. Back in 2020, the nation made headlines with its Mars mission, successfully sending a probe into the planet’s orbit in 2021. This mission, which is now in its second phase as of June 2024, has been collecting critical data to develop a comprehensive diurnal image of Mars.

The UAE also ventured into lunar exploration with an unmanned mission aimed at studying untouched regions of the Moon’s surface. While the probe ultimately crashed during its landing attempt after communication was lost seconds before touchdown, the effort represented a significant step in the country’s exploration ambitions.

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