AMA Review: Challenges and Opportunities Faced by Vietnamese KOL-Web3 Builders

On August 15, 2024, we held an online Twitter Space event titled "Dialogue with Vietnamese KOLs: How Web3 Developers Face Challenges and Seize Opportunities." This event brought together industry leaders and key opinion leaders (KOLs) to discuss the development trends in Vietnam's Web3 sector.

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Project Introduction

Introduction to PIKA:

As the first Launchpad platform on Bitlayer, PIKA supports chains such as ETH, BSC, TON, Base, and SOL, and provides Primary Automated Market Maker (PAMM) services. PIKA's main mission is to bridge the gap between developers and the community.

Three Innovative Features of PIKA

PIKA has pioneered the LaunchPad+++ platform and developed several unique features:

• FairLaunch: Provides a fair and transparent token launch mechanism for early-stage quality projects and communities, ensuring all participants can invest in projects fairly;

• Presale Launch: Before early-stage quality projects go live on CEX, users can participate in presale activities on the PIKA platform and purchase tokens at a discount;

• Primary Automated Market Maker (PAMM): Utilizes an automated market maker mechanism to enhance the liquidity and trading efficiency of tokens in the primary market.

Quality projects can launch on the PIKA platform, with PIKA nodes allowing users to participate in a whitelist format. PIKA has a strong global community and quality project resources.

Overview of the Alterverse Platform

Alterverse is at the forefront of the Web3 revolution, creating a comprehensive ecosystem that seamlessly integrates gaming and digital assets. This visionary platform has attracted the attention of leading institutional investors, including Binance Labs and Polygon Ventures, who have led multiple funding rounds, highlighting their confidence in Alterverse's groundbreaking potential.

At the core of the Alterverse ecosystem is our node program, which has achieved significant success. To date, we have sold 14,508 nodes, generating substantial revenue that reflects the strong support and enthusiasm of our growing community.

Additionally, our flagship game currently in development on the TON blockchain has seen extraordinary engagement during its testing phase. Nearly 600,000 users participated, exceeding expectations and laying the groundwork for the highly anticipated official launch.

Alterverse is not just a platform—it is a dynamic gateway to the future of gaming and digital ownership. By supporting users and developers, Alterverse is poised to lead the next wave of digital innovation in the Web3 space.

Introduction to WebKey:

WebKey proposes a series of innovative strategies that fundamentally change how users access Web3 through the deep integration of its WebKey phone and the Web3 Store app marketplace. By making it easier for traditional users to access Web3 via their phones and leveraging the integrated ecosystem of the Web3 Store to provide comprehensive and practical application scenarios, WebKey has two powerful tools to break through in the current DePIN track.

Currently, WebKey is recruiting global sales partners and has launched its first presale. Interested partners are encouraged to stay tuned.

Introduction to TapCoins:

TapCoins is a gamified learning platform based on the TON blockchain, designed to enhance the learning experience through gamification, making complex concepts in Web3 more engaging and easier to understand.

Here are some highlights from the Twitter Space discussion:

1. What do you think are the biggest challenges and opportunities facing Web3 developers in the current market environment?

Adel pointed out that Web3 developers face challenges including regulatory uncertainty, market volatility, and user guidance, but also have opportunities arising from the growing interest in Web3, clearer regulations, and the deepening collaboration between Web2 and Web3.

2. How has Vietnam's attitude towards Web3 and cryptocurrency changed? What specific trends or changes have you observed recently?

KOLs expressed some concerns from the Vietnamese community regarding the safety and security of Web3. Some KOLs also mentioned that due to the rapid development of Web3 and cryptocurrency, trends and changes in Vietnam are very frequent.

3. What types of projects does the Vietnamese community prefer?

KOLs indicated that the Vietnamese community favors projects that focus on practical utility and innovation, particularly those that provide substantial value in decentralized finance (DeFi), gaming, and social applications. They tend to prefer projects with clear benefits, user-friendliness, and strong community support.

4. What is the focus of your project, and how do you plan to penetrate the Vietnamese market?

Pika focuses on providing a blockchain project launch platform with strong community support. To penetrate the Vietnamese market, Pika plans to collaborate with local communities, hold educational events, and work with KOLs while expanding exposure through partnerships with global collaborators.

5. What role do you think collaboration with local communities and KOLs plays in the success of Web3 projects in Vietnam?

Adel explained that collaborating with local communities is crucial for building grassroots support and trust, and KOLs can facilitate adoption by making complex concepts more understandable to the public and localizing these ideas.

6. What advantages does your project have, and how do you plan to build trust in the Vietnamese market?

Pika's advantages include a secure and scalable platform that offers customized project launch support. To build trust, Pika prioritizes transparent communication, collaboration with local partners, and ongoing engagement, such as participating in GM Vietnam and upcoming events on Gate.io.

KOLs provided valuable insights into the Vietnamese Web3 ecosystem. They noted that interest in Web3 and cryptocurrency is growing in Vietnam, and understanding of these technologies is gradually deepening. The Vietnamese community tends to choose projects with clear application scenarios and educational value, emphasizing the importance of collaboration with local stakeholders.

This Twitter Space event provided an in-depth discussion on the challenges and opportunities faced by Web3 developers in Vietnam. PIKA's strategic approach and commitment to the local market were widely recognized, and the KOLs' perspectives highlighted the dynamism of the Web3 ecosystem in the region.

We look forward to more inspiring discussions and future collaborations in the Web3 space. Stay tuned for the latest updates and upcoming events!