Coinfest Asia, a Web3 festival, will return on 24-25 August 2023 in Bali with its new theme, Converge, which aims to converge Web2 and Web3 industries into Web2.5. The festival’s primary aim is to encourage growth in the web3 industry in Asia. It will offer interactive activities about the Web2.5 industry, which is the transition process between Web2 and Web3, and provide platforms for companies to showcase their impact-driven products and build strategic partnerships with Web2 and Web3 companies. Attendees will include crypto enthusiasts, fund managers, developers, creators, and regulators.
Web3, the next generation of the internet, is quite abstract to implement and requires inspiration from previous generations of Web users. Web 2.5 describes the blockchain business that lives between Web2 and Web3. The concept is designed to make blockchain-based platforms accessible to consumers while reducing the hassle that often comes with blockchain-based systems. The goal is to make it easier for people to adopt Web2 to Web3 and less trouble if people switched to Web3, entirely. Several well-known brands have begun to enter Web3 using Web 2.5, including Nike, which announced its Web3 platform, SWOOSH, and Starbucks, which started its blockchain-based loyalty program, Starbucks Odyssey.
Coinfest Asia offers a platform for people to explore and experience the shift from Web2 to Web3. It offers tickets at special prices and is open to anyone interested in discovering Web3 innovations. It is important for readers to note that this article is based on a press release from an external source and may not necessarily reflect the views or opinions of BeInCrypto. Readers are advised to verify information independently and consult with a professional before making decisions based on this press release.