Welcome to Asia Web3 weekly news! Moving forward I have decided to make these shorter (only 3 to 5 picks) and more personalized so I really share stories with you not only that I think are interesting but also issues that I care about.
I will of course continue to keep it breezy and really educate whoever needs education but for those of you already working in Web3, you know how immature still is the space where we are in and we need to pick our battles and stick to our core beliefs in order to keep going so it's what I am going to do here and pick stories which I believe also deserve coverage.
Expect these to be more personal, more in a writing style because sometimes I prefer to write than being on video ( like this week) but we'll see.
This is it for this week's intro.
Let's Dive in:
This first story is a dream come true!!! Just read the headline, right? "for Asian Web3 Investments". This is the uphill battle I have been trying to be a part of for the last year since I created Webtrois, I want Asia Web3 to get bigger not only locally but on a global stage. Sometimes it's because Asia companies are just too in their own way and miss the knowledge to go global, but sometimes it's also because external markets are just not welcoming and financing properly the ecosystem in Asia so I was to the moon when I read this news from Bitget . Hopefully this is not only because of the US increasing regulatory environment but because Bitget really believes in the region that they are making this move.
I also hope their due diligence review of projects will be good because it's sad to see so many useless projects funded haha
https://beincrypto.com/crypto-pivot-asia-100m-fund-web3/
This following story is one I loved reading. If you know me for a long time, you saw that when I shared about my teenager's first job it was in farming. My parents used to manage vegetables and seashells cooperative so I really grew up in the middle of discussion with farmers, about farming, good years and bad years and it's still a big topic at home every Christmas haha
Indonesia where I now spend most of my time is actually one of the most advanced ecosystem in Blockchain powered solutions for farmers ( we are talking real farmers here, not crypto farmers) and it's mainly because the country is still at a stage where conglomerates don't control all of the production and most farmers are still independent, same as in many countries around the world. I am really rooting for this as a decentralized farming system could really be a solution against the huge farming conglomerate that hurt lands, farmers and caused so many problems to the environment as well. Like we say in French, this is really this week "Coup de coeur" Farmsent
https://www.globenewswire.com/news-release/2023/04/11/2644024/0/en/Farmer-s-Blockchain-Farmsent-gets-Indonesian-license-to-onboard-millions-of-farmers-to-Web3.html
And now the last story of this week is about Hong Kong... again....
Well it's Hong Kong Web3 Festival this week which is pretty much like a Blockchain week and the city is buzzing of everything Web3 after already big events in last few weeks ( FOMO ASIA, and World of Web3 conferences) and thankfully the government is still sending positive messages about Web3 adoption and about regulatory commissions working in the right direction for all of us involved. Yes, my company is also registered in Hong Kong so of course it's a great sign to see Hong Kong positioning itself as the hub, now the only thing to wait and see is if HK won't get into its own way which they have been doing a lot the last few years with changing their minds or reversing policy statements etc... IYKYK
So on top of getting more attention from VCs, Governments are waking up to the opportunity, lot of people are building, now we are only missing more customers and also more support from institutions. For example in one Founders Whatsapp Group I am part of, everyone was talking today how hard it is for a Web3 company to even open an account in Hong Kong... Even banks like DBS or HSBC that have lands in the Metaverse actually totally refuse to accept Web3 enterpreneurs on their books, and it's also a dealbreaker for most online banks... So as much as we see a lot of green sides from the top of the iceberg, there is actually a lot of actual problems we need solving for below that I hope will be solved soon so we can really have a thriving ecosystem.
https://www.coindesk.com/web3/2023/04/10/hong-kongs-financial-secretary-declares-now-is-the-right-time-for-web3-adoption/
That's it for this week!
I hope you enjoyed a more personal take on this week's events and that it gives more colours on where Asia Web3 is going, the Good, the Bad and the Ugly!!!
