30s Summary

Token2049 Singapore, a significant event in the cryptocurrency world, saw over 20,000 people in attendance, discussing the future of the industry. The focus is now on consumer crypto decentralized applications (DApps) to draw people in. The Sweat Wallet announced a development project to make multiple blockchain ecosystems more user-friendly. The emphasis of the event was on better user experiences, solving real problems, and not just building more smart chains. Sweat Economy, co-founded by Oleg Fomenko, introduced ‘movement economy’, merging physical movement, technology, and academic research, assigning economic value to physical activity.

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Token2049 Singapore recently held an event in the world of cryptocurrency and Web3, drawing in a massive crowd of over 20,000. Influential figures like Ethereum co-founder Vitalik Buterin and Binance CEO Richard Teng were amongst the crowd’s favourite speakers.

There was also a standout event called ‘Beyond the Infrastructure Bubble’ held by Sweat Economy, Cointelegraph Accelerator, and onchain data aggregator Addressable. This event sparked fascinating conversations about where the blockchain industry is at and where it’s headed with decentralized technologies.

So, what’s the big shift happening in the crypto world? We’re now focusing more on consumer crypto decentralized applications (DApps) that are designed to bring more people into this space. How are we going to get there? We need to seriously look into strategies for making these apps more appealing to the general public, honing in on solving everyday problems rather than just creating more chains.

There was some big news at the event too – the Sweat Wallet announced an exciting new development project that will make using different blockchain ecosystems easier for their 17 million token holders and 3 million monthly users. However, the key point here is making more chains accessible to the general public.

The highlight of the event was a session on the future of Consumer Crypto. The main idea here – industry needs to build better user experiences and solve real problems to achieve mass adoption, rather than just building another smart chain.

Sweat Economy’s co-founder Oleg Fomenko, an advocate of turning physical movement into a new kind of economy, mentioned that the SWEAT token could see huge growth thanks to this new feature.

The event ended with a powerful speech from Sweat’s marketing chief, Misha Lederman. He shared his thoughts on the ‘movement economy’, a revolutionary idea that merges physical movement, technology and academic research.

In particular, he highlighted how physical activity has economic value, something supported by recent studies. Sweat has hence aimed to transform how we see everyday movement, turning it into a market that could even compete with the $7 trillion attention economy. The company’s goal is to boost crypto adoption by introducing a new approach focused on movement. So, let’s get moving!

This Token2049 event highlighted the importance of working together and thinking outside the box to drive growth, especially in terms of user experience. The future of blockchain is looking increasingly user-centric with the likes of Sweat Wallet leading the way.

Source: Cointelegraph