Positivity Burns Through a Bear Market: Blockchain Economy Istanbul 2022

Positivity Burns Through a Bear Market: Blockchain Economy Istanbul 2022 – Mail Bonus


The fourth iteration of the Blockchain Economy Summit 2022 (BE2022) held at the Hilton Bomonti, a fine hotel next to a renovated and renovated beer factory in Istanbul, proved to be a significant step up from its pre-pandemic predecessors.

The previous summit, BE2020, was held at the WOW Convention Center two years ago. In addition to being located in the hardest-to-reach part of Istanbul, the summit coincided with the COVID-19 outbreak, which further affected overall attendance. Since the sole purpose of that platform was to organize large events, the crypto community from two years earlier just wasn’t big enough to fill the space. As a direct result of the aforementioned factors, BE2020 felt like a two-day trip to a ghost town.

Blockchain Economy Istanbul 2022 participants described the summit as dense, vivid and full of energy, which drew a stark contrast to BE2020 in almost every aspect. It was also the first international crypto and blockchain event held in the region since Turkey lifted travel ban restrictions. As a result, members of the crypto community – from Western and Eastern countries – could participate in the celebration.

The event lineup had a good balance between local companies and international crypto players. While big shots like Binance, Huobi or FTX were visibly absent from the event, the logos of big companies like KuCoin, Gate.io, Bitget, Bitmex and Uphold filled the main hall. Despite the recent troubles, Gari Network wore the main sponsor badge for the entire event.

For two days, the main hall never saw a dull moment: People were there mostly for networking purposes after two years filled with lockdowns and travel bans – and it’s hard to say they missed out on much by not attending a main conference-level session.

The Cointelegraph ground team is enjoying a special Turkish ice cream made from goat’s milk called “Maraş dondurması.”

Sure, there were some exciting names like Michael Saylor from MicroStrategy (although he joined a video call) or Davinci Jeremie, the “Please buy one Bitcoin (BTC)” guy, on the main music program. But unfortunately, the program saw a greater participation of more local or regional speakers than is necessary for an international event of this scale – and the super-cooling of the conference hall didn’t help either.

People got chills, lost interest in the contemporary translation, and headed back to the main area where they were ominously greeted by a giant samurai dog statue from the blockchain-based battle royale game Katana Inu. The best part? Most of the first speakers made themselves available for a small talk in the main hall after their stage appearance.

KuCoin Labs CEO Lou Yu explains the latest trends in Web3 development

Cointelegraph reached out to several keynote speakers for quick comments and in-depth conversations, including KuCoin Labs CEO Lou Yu and AAX Exchange CEO Ben Caselin.

The BE2022 event was most beneficial to the young and talented community developers, of which Turkey hosts plenty. At the event, Ali Dursun was able to pitch his blockchain gaming ecosystem Ratic to a number of international exchanges and venture capitalists. Aybars Dorman presented Metavest, a new vision of decentralized finance (DeFi), to the participants and Yotta21 founder Yunus Cebeci made important contacts with the industry in the smoking area.

Abdul Rafay Gadit, founder of Zignaly, explains his project to Anton Kabatov, VP of Business Development at Cointelegraph, and Editor-in-Chief Erhan Kahraman.

Two things were clear: First, the COVID-19 pandemic could not slow down the growth of the crypto ecosystem. For many participants, Blockchain Economy Istanbul 2022 was their first online experience with the rest of the industry and they thrived on making the most of it. And secondly, no matter how bearish the crypto market becomes, price volatility cannot shake the positivity of the crypto ecosystem.

Based on everything that happened at the event, the Blockchain Economy Istanbul 2022 Summit confirmed that no matter what the market conditions are, the crypto ecosystem is ready to invest time, money and energy to be positive.