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Korea Blockchain Week and Key Crypto Industry Prospects

  • The Korea Blockchain Week conference attracted 17,000 visitors and 300 speakers, including Vitalik Buterin, Richard Teng and Mark Karpeles.
  • Many speakers noted that while blockchain technology is efficient, end-user applications remain lacking.
  • Concerns were also raised around regulatory ambiguity and the upcoming US elections.
  • Web3 companies are working on improving infrastructure through L2 solutions.
  • Creating enough applications that are interesting and convenient for users is now a priority.
  • Traditional enterprises need to adopt blockchain to stay competitive.
  • Stablecoins and native tokens are growing in popularity and being integrated into traditional services.
  • The need for regulatory clarity across Asian jurisdictions was identified as a concern.
  • The conference concluded that there is still much work to be done, but the industry remains optimistic.
  • Asia is ahead of the US in many ways, making it an important region for crypto investors and enthusiasts to watch.

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