The Ethereum Foundation has declared that Devcon 7, the Ethereum developer conference, is set to take place in Bangkok, Thailand, spanning from November 12 to 15, 2024. This decision marks an expansion of the event’s scope, aiming to embrace the entire Southeast Asia region as the backdrop for this community gathering.
Expressing enthusiasm for the potential and rapid growth of the Ethereum community in Southeast Asia, the Ethereum Foundation sees Devcon 7 as an opportunity to make a more significant impact on regional Ethereum communities. The Foundation intends to establish deeper connections with local communities, offering support and empowerment in a meaningful manner.
To signify its more inclusive and regionally focused approach, Devcon 7 will be dubbed “Devcon Southeast Asia” instead of being named after the host city. The event is anticipated to resonate throughout Southeast Asia, spotlighting the vibrant Ethereum community in the region.
The selection of Bangkok, Thailand, as the host city aligns with the region’s substantial potential and rapid growth in cryptocurrency adoption. Countries like Vietnam, the Philippines, Indonesia, and Thailand, all part of the Ethereum community, rank high in the Global Crypto Adoption Index, emphasizing the crucial role of Southeast Asia in the global Ethereum landscape.
The decision to concentrate on Southeast Asia is motivated not only by the region’s significant potential and swift cryptocurrency adoption but also by its diverse cultures, rich histories, and vibrant communities.
With the name “Devcon Southeast Asia,” the event aims to resonate throughout the region, highlighting the dynamic Ethereum community and embracing the diverse cultures and energy of Southeast Asia. The chosen host city, Bangkok, Thailand, known for its unique blend of tradition and modernity, is considered an ideal location in terms of venue suitability and global accessibility. The event is anticipated to provide a platform for meaningful engagement with local communities, further empowering the Ethereum ecosystem in Southeast Asia.
As of the latest update, the live Ethereum (ETH) price is $2,218.64 USD, reflecting a 5.78% decrease in the last 24 hours.
Ethereum Foundation’s Road to Devcon Grants Foster Community Growth in Southeast Asia
In an effort to bolster Ethereum events, grassroots communities, and educational initiatives in Southeast Asia, the Ethereum Foundation (EF) launched the Road to Devcon (RTD) Grants round on June 29, 2023. This grant round is specifically directed at individuals based in Southeast Asia actively involved in building communities, organizing educational activities, and contributing to the growth of the Ethereum ecosystem in the region.
The EF encouraged applicants to propose smaller meet-ups rather than large events, with the maximum grant set at $1,000. The initiative aims to empower the Southeast Asian Ethereum community by offering support along the Road to Devcon. The deadline for grant applications was November 30, 2023, at 23:59 UTC.
In a recent announcement, the EF expressed satisfaction with the enthusiastic response and innovative proposals received from countries such as Indonesia, Cambodia, Malaysia, Thailand, Singapore, the Philippines, Vietnam, and other neighboring Southeast Asian nations. These grants serve as a means to acknowledge and support the efforts of individuals and projects shaping the Ethereum ecosystem in the region.
Vietnam Tops Southeast Asia in Global Crypto Adoption Index
Recent research conducted by Chainalysis reveals that Vietnam has emerged as a leader in cryptocurrency adoption within Southeast Asia, securing the top spot in the region and claiming the third position globally in the Global Crypto Adoption Index for 2023. This index is determined based on transaction volumes and protocols, considering web traffic patterns and weighting factors such as population size and purchasing power.
Vietnam’s strong performance in the Global Crypto Adoption Index underscores the country’s growing enthusiasm for cryptocurrencies and blockchain technology. The research places other Southeast Asian nations in different positions, with the Philippines, Indonesia, and Thailand securing the 6th, 7th, and 10th spots, respectively. Notably, Singapore lags behind at the 77th position.
The competition among Southeast Asian countries to establish themselves as crypto hubs is evident, with each nation adopting different regulatory approaches to balance the potential of Web3 with safe and efficient practices. While Singapore and Thailand have implemented stricter measures, Vietnam’s favorable ranking suggests its positive reception and adoption of cryptocurrencies within the region.
