One of the most defining features of crypto is its vibrant and close-knit community. This global network of developers, investors, enthusiasts, and thought leaders is united by shared values of financial empowerment. And through their collaborative efforts, they have been crucial in pushing the boundaries of what’s possible in digital economies.
Crypto events play a vital role in fostering these connections, offering a space for like-minded individuals to gather and explore the future of the Web3 ecosystem. This year’s Devcon in Bangkok, Thailand, was a prime example of such an event.
Across Southeast Asia, blockchain adoption is accelerating, driven by a growing interest in emerging technologies and expanding infrastructure. James Wo, Founder and CEO of Digital Finance Group (DFG), shared his key takeaways from the event, highlighting how Thailand has positioned itself as an emerging leader in the Web3 space while setting the stage for significant growth in the years ahead.
Here are James’s top three takeaways from Devcon 2024:
1. Growth in AI
At the Mode Network event, “Mode Devcon— DeFi x AI,” the growing intersection between decentralized finance (DeFi) and AI took center stage. Mode Network is advancing its Layer 2 infrastructure to support DeFi agents, creating a clean data environment for training AI models tailored to financial applications. DFG co-hosted the event, emphasizing its commitment to fostering connections and promoting AI-focused initiatives.
The growing interest in the intersection between AI and blockchain at Devcon highlighted the significant potential of merging these technologies— offering systems that empower users, protect privacy, and create new value for developers. Wo believes bridging these two technologies paves the way for innovation, moving the ecosystem closer to a decentralized future that emphasizes user needs.
2. The rise of DeSci
Decentralized science (DeSci) emerged as a key theme at this year’s Devcon, with Binance’s DeSci Builders Event showcasing projects across fields like life extension and hair loss prevention, many of which are part of the BIO Protocol platform. This platform harnesses innovation and growth by connecting DeSci teams with resources and exposure. Ethereum Founder Vitalik Buterin and Binance CEO Changpeng Zhao highlighted DeSci’s potential by emphasizing longevity science and supporting academic achievements.
Discussions at this year’s Devcon event clearly highlight that DeSci has the potential to drive mainstream adoption by tackling real-life challenges. This makes it a sector that is set to transform how scientific research is funded, conducted, and shared.
3. The role of tokenized RWAs
Tokenized real-world assets (RWAs) present a solution to the long-term challenge of blockchain adoption. By tokenizing tangible assets such as real estate, artwork, and other commodities, RWAs can serve as a bridge between TradFi (traditional finance) and decentralized systems. This year at Devcon, growing VC interest in RWAs demonstrates its potential to bring transparency and accessibility to previously illiquid markets. As more frameworks continue to be developed, RWAs could address critical issues like asset verification, legal compliance, and scalability, opening the door for innovative new blockchain applications.
In addition to attending the event, DFG also hosted two side events: “Cultivating the Full Lifecycle” and “Venture Night: Crypto Edition.”. These events offered valuable opportunities for individuals to network and gain unique perspectives from industry professionals.
As new technologies emerge, creating a space where meaningful relationships can be formed is more important than ever. By attending and facilitating events, individuals and organizations can continue to share knowledge, tackle challenges together, and create a more inclusive and sustainable future for the Web3 environment.