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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.
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!
News
Google Releases Veo 2 AI Video Tool To MENA Users
The state-of-the-art video generation model is now available in Gemini, offering realistic AI-generated videos with better physics, motion, and detail.
Starting today, users of Gemini Advanced in the MENA region — and globally — can tap into Veo 2, Google’s next-generation video model.
Originally unveiled in 2024, Veo 2 has now been fully integrated into Gemini, supporting multiple languages including Arabic and English. The rollout now brings Google’s most advanced video AI directly into the hands of everyday users.
Veo 2 builds on the foundations of its predecessor with a more sophisticated understanding of the physical world. It’s designed to produce high-fidelity video content with cinematic detail, realistic motion, and greater visual consistency across a wide range of subjects and styles. Whether recreating natural landscapes, human interactions, or stylized environments, the model is capable of interpreting and translating written prompts into eight-second 720p videos that feel almost handcrafted.
Users can generate content directly through the Gemini platform — either via the web or mobile apps. The experience is pretty straightforward: users enter a text-based prompt, and Veo 2 returns a video in 16:9 landscape format, delivered as an MP4 file. These aren’t just generic clips — they can reflect creative, abstract, or highly specific scenarios, making the tool especially useful for content creators, marketers, or anyone experimenting with visual storytelling.
Also Read: Getting Started With Google Gemini: A Beginner’s Guide
To ensure transparency, each video is embedded with SynthID — a digital watermark developed by Google’s DeepMind. The watermark is invisible to the human eye but persists across editing, compression, and sharing. It identifies the video as AI-generated, addressing concerns around misinformation and media authenticity.
While Veo 2 is still in its early phases of public rollout, the technology is part of a broader push by Google to democratize advanced AI tools. With text-to-image, code generation, and now video creation integrated into Gemini, Google is positioning the platform as a full-spectrum creative assistant.
Access to Veo 2 starts today and will continue expanding in the coming weeks. Interested users can try it out at gemini.google.com or through the Gemini app on Android and iOS.
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