Cryptocurrency crowd shrugs off market woes at upbeat TOKEN2049 conference in Singapore
- This year’s TOKEN2049 in Singapore is the second edition as an in-person event since the beginning of the Covid-19 pandemic
- Attendees at the event, which drew thousands of people, weren’t showing obvious signs of concern amid the prevailing gloom in the cryptocurrency slump
The first day of this year’s TOKEN2049 cryptocurrency conference kicked off Wednesday in Singapore, its second edition as an in-person event since the beginning of the Covid-19 pandemic.
If the virus failed to put a damper on the 2021 event at the peak of pandemic peril last year, its organisers weren’t likely to be cowed by Covid this time around as most of the world slowly learns to live with it.
A more obvious cause for concern is the lingering Crypto Winter, ushered in by a slump in cryptocurrency prices and the US$40 billion dollar collapse of the Terra-Luna stablecoin project in May, all of which coincided with broader turbulence in the global economy.
Indeed, the opening session bore the no-nonsense title “Global Macro Uncertainty: The Crypto Narrative.” Yet attendees at the event, which drew thousands of people, weren’t showing obvious signs of concern amid the prevailing gloom.
TOKEN2049, the mainstay event of this year’s Asia Crypto Week in the Southeast Asian city state, stood out for its forward-looking, upbeat approach, with sessions on its first day covering issues including why the slump in cryptocurrency valuations isn’t as bad as it looks, the rise of stablecoins, how the cryptocurrency industry can drive mass adoption, and the opportunity presented by the Crypto Winter.
