PRESS RELEASE. Asia is currently the most thriving and vibrant space for Bitcoin. It is also bustling with opportunities in the realm of blockchain-powered applications, DeFi, and beyond. To more efficiently explore and harness the potential of this space, Bitcoin Magazine holds the biggest Bitcoin conference— Bitcoin Asia—in Hong Kong from May 9 to 10, 2024. This conference will have breaking announcements, robust networking, meaningful talks, dialogues, and an exchange of thoughts between industry leaders and innovators.
Bitcoin Asia 2024: Industry Leaders Converge in Hong Kong, Spotlight on Top Companies to Watch
This article was published more than a year ago. Some information may no longer be current.
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Market-wise, Asia is the largest market for Bitcoin. According to a report published in March 2024, not only Bitcoin’s stupendous bull run was driven by investors in Asia, but traders from countries across Asia were responsible for close to 70% of Bitcoin trading volumes.
In February 2024, Asia accounted for US$791 billion of Bitcoin’s total trading volume of US$1.17 trillion. In the first two months of 2024 alone, South Korean investors made a net investment of $23.4 million in the U.S.-listed 2X Bitcoin Strategy ETF. Throughout all of 2023, the total investment from this cluster of investors was US$25.1 million.
This enthusiasm for Bitcoin adds a whole new dimension to the event, which will see more than 5,000 in attendance, backed by more than 100 sponsors. More than 200 speakers will be there at the event, and 300+ media outlets will cover it. Attendees will represent more than 500 companies. In the following segment, we shed light on some such companies and their nature of participation in the event.
Three key players who are set to attend the event are ALEX, ZKM, and Ordz Games.
The ALEX co-founders can be found on stage throught the event. Rachel Yu, their COO, will participate in a discussion on Bitcoin Financialization in Hong Kong, while Chan Ahn, the CTO of ALEX, will engage in a discussion titled ‘ Bitcoin DeFi: App Layer.’
The team is delivering a top-notch DeFi ecosystem that will efficiently cater to the aspirations of the next generation of Bitcoin users, innovators, and the broader ecosystem. With its TVL having crossed US$155 million and total transaction volume nearing US$1.8 billion, ALEX helps create best-in-class financial apps on Bitcoin.
ALEX subsidiary XLink helps meet the need for funds, traders and anyone looking to interact with Bitcoin layers and apps. Their token $XLNK has been proposed to be accepted as a payment for bridge services.
Another firm excelling in promoting Bitcoin in the Asian market and will attend the Bitcoin Asia event is ZKM hosting Bitcoin Dragonland, an exclusive party in collaboration with Rollux and ZetaChain during Bitcoin Asia.
The growing adoption of Bitcoin and other virtual assets in the Asian market underscores the relevance of ZKM’s vision. The growth in usage calls for a decentralized and trustworthy internet, which aligns with ZKM’s vision.
ZKM wants to unify and bring seamless interoperability to the presently fragmented blockchain space, enhancing coherence and integrability with non- blockchain systems. Its solution is feature-rich, operating with a single ZKP for all and compatibility across all VMs. With plug-and-play usability, ZKM offers long-term stability, free security for all, a better L2 rollup user experience, and more. In addition, ZKM is preparing to launch a Bitcoin L2 with native asset security and yield, offering a sustainable model for all BTC holders and miners to benefit from.
The third firm that will be the main attraction of the Bitcoin Asia 2024 event is Ordz Games, which seeks to revolutionize the $30 billion Asian gaming market.
Ordz Games is a gaming platform customized for the Bitcoin ecosystem. It offers a range of retro gaming inscriptions that enable participants to earn gaming points. Players are rewarded with $ORDG BRC-20 tokens based on points. Players simply need to have a BTC Taproot wallet address to receive NFTs, game points, BRC-20 tokens and more.
As one of the sponsors of the Bitcoin Asia conference, Ordz Games will be inviting its founder and CEO, z3th, to participate in discussions around the gamification of Bitcoin.
Most recently, in mid-April 2024, Ordz Games successfully launched its new product, BitBoy, during Blockchain Week in Paris. Bitboy is a physical gaming console that utilizes a combination of Bitcoin blockchain technology and the DEPIN network to create a platform that combines entertainment and finance.The BitBoy Genesis Edition was limited to a run of 1,000 units, which sold out instantly.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
