Coinfest Asia Is Back in 2023, Carrying the Theme of Web2.5

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Coin­fest Asia, the immer­sive Web3 fes­ti­val in Asia, will be back on 24–25 August 2023 in Bali. Pre­vi­ous­ly, the 2022 edi­tion of Coin­fest Asia man­aged to have more than 2,000 par­tic­i­pants from more than 50 coun­tries, these par­tic­i­pants start­ed from the insti­tu­tion­al lev­el, retail, and regulators.

In the 2023 edi­tion, Coin­fest Asia will car­ry a new theme titled Con­verge, aim­ing to con­verge Web2 and Web3 indus­tries into Web2.5, which is a tran­si­tion process between Web2 and Web3. This is also a form of sup­port for Coin­fest Asia to brace the Web 2.5 indus­try and Web3 implementation.

“This year Coin­fest Asia will be back with insights and a vari­ety of 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,” said Feli­ta Seti­awan, Direc­tor of ICN, orga­niz­er of Coin­fest Asia.

Coin­fest Asia will show­case web2.5 real use cas­es and tan­gi­ble solu­tions to its atten­dees. Com­pa­nies can have the oppor­tu­ni­ty to show­case their impact-dri­ven prod­ucts and build strate­gic part­ner­ships with Web2 and Web3 com­pa­nies, which can be oppor­tu­ni­ties to improve busi­ness and imple­men­ta­tion. Apart from com­pa­nies, this event also tar­gets var­i­ous groups from cryp­to enthu­si­asts, fund man­agers, devel­op­ers, and cre­ators, to regulators.

Get to know Web 2.5 and its role in the industry

The Inter­net has been present for more than 50 years, in its jour­ney there have been two gen­er­a­tions present. Web1 is just the infor­ma­tion avail­able on the web. Web2 allows users to inter­act and make web pages more interactive.

The next gen­er­a­tion is Web3 which will bring the world of the inter­net to a dif­fer­ent lev­el from the pre­vi­ous gen­er­a­tion, with var­i­ous inno­va­tions that are try­ing to be pre­sent­ed, from blockchain, cryp­to, decen­tral­ized tech­nol­o­gy, NFT, and Meta­verse to AI.

But like any new tech­nol­o­gy, Web3 is still quite abstract to imple­ment. One way to make Web3 accept­able to pre­vi­ous gen­er­a­tions of Web users required some kind of link, known as Web2.5.

Web 2.5 describes the blockchain busi­ness that lives between Web2 and Web3. The idea behind this is that con­sumers want the advan­tages of a blockchain-based plat­form. How­ev­er, they didn’t want the has­sle that often comes with blockchain-based sys­tems, so Web 2.5 would make it eas­i­er for peo­ple to adopt Web2 to Web3 and less trou­ble if peo­ple switched to Web3, entirely.

With Web2.5, sev­er­al well-known brands began to enter Web3. Among oth­er things, Nike announced the cre­ation of SWOOSH, a Web3 plat­form now in beta test­ing for cre­at­ing online dig­i­tal com­mu­ni­ties. Fans can cre­ate inter­ac­tive dig­i­tal objects in the form of t‑shirts, shoes, and more.

Like­wise, Star­bucks start­ed its blockchain-based loy­al­ty pro­gram last Decem­ber. Star­bucks Odyssey will offer cof­fee-themed NFTs and a loy­al­ty pro­gram that goes beyond offer­ing free drinks.

Through Coin­fest Asia, you will be invit­ed to explore and expe­ri­ence the shift from Web2 to Web3. Get tick­ets at spe­cial prices, vis­it the Coin­fest Asia site now!

Disclaimer

This arti­cle con­tains a press release pro­vid­ed by an exter­nal source and may not nec­es­sar­i­ly reflect the views or opin­ions of BeIn­Cryp­to. In com­pli­ance with the Trust Project guide­lines, BeIn­Cryp­to remains com­mit­ted to trans­par­ent and unbi­ased report­ing. Read­ers are advised to ver­i­fy infor­ma­tion inde­pen­dent­ly and con­sult with a pro­fes­sion­al before mak­ing deci­sions based on this press release content.

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