KuCoin, one of the world’s leading cryptocurrency exchanges, attended the Blockchain Economy Istanbul Summit held in Istanbul on 27 – 28 July 2022.
The summit, with KuCoin among the sponsors of the event, was the first meeting to bring the crypto community together between Europe and Asia after the pandemic.
KuCoin, one of the largest exchanges in the world, is among the Diamond sponsors of the event; KuCoin attracted all the attention at the summit, where Lou Yu, Chairman of KuCoin Labs, also participated as a speaker.
Global cryptocurrency exchange KuCoin participated in the Blockchain Economy Istanbul Summit held at Hilton Istanbul Bomonti Hotel on July 27-28. The exchange was among the diamond sponsors of the summit, which was held for the fourth time around the world.
At the summit; Many topics were covered, such as the future of finance, Bitcoin, Web 3, the world of NFT and Metaverse, De-Fi, regulation of cryptocurrencies, the application of Blockchain technology in businesses and governments. In addition to the world’s leading cryptocurrency exchanges; Well-known names such as Tim Draper, Emre Aydın and Engin Altan Düzyatan also attended.
“If we want the industry to develop, we must stand side by side”
At the event, KuCoin Labs President Lou Yu made a presentation on “The Future of Decentralized Finance and Web 3.0”. Stating that they want to create equal opportunities, Yu said, “ We must act in solidarity. Because, as a sector, we need technical knowledge besides general knowledge. We do not all have the same channels of information and may not be able to access some resources. We may not all have the same luck. In situations where we are not equal, we can miss opportunities. Therefore, if we want the industry to develop, we must stand side by side. That’s what we at KuCoin Labs are here for. In fact, we are a new entity, established in the second quarter of 2021. We manage processes such as research activities, investments and reports. In this context, we support incubation projects. We supported 40 projects in 2021. These; They were projects that focused on topics such as NFT, Gaming, DeFi, DAO, Metaverse. On the other hand, we have a $100 million Metaverse fund. Here, too, we are discussing interesting issues.” said.
“Opportunities must be presented equally and freely”
Underlining that there is a need for new entrepreneurs in developing countries as a market, Yu said, “As KuCoin Labs, we aim to ensure freedom and equality in the industry. We want to work with startups that want to make the world sustainable, not just to make money. We want to support how resources can be used correctly. We also care about and support future generations. Within the scope of our cooperation with universities; We do research and projects, organize events with student clubs. For example; In France, we work with students at the Paris Dauphine University and hold meetings with them. Because young people expect professionals like us to transfer more knowledge and experience to them. We aim to support the development of the sector by establishing partnerships with young people who have limited knowledge of the sector. Our motivation behind all the work we do is an equal and free industry for everyone. Opportunities need to be presented equally and freely.”said .
“We will continue to support the ecosystem in the next period”
Expressing his views on the event, KuCoin Labs President Lou Yu said, “ Blockchain Economy Istanbul Summit was a very beneficial event for both the industry and the ecosystem. Here, almost all the stakeholders of blockchain technology came together. The problems and future of the sector were discussed. In this respect, the participants had a broad perspective. We were happy to be among the sponsors of this event, which we believe will yield good results. In the next period, we will continue to support the ecosystem with similar activities.” said.
“The Summits offer an environment where all stakeholders come together and create value”
KuCoin Turkey Country Manager Mete Umut Elmas expressed his views on the event as follows: Blockchain technology continues to permeate different areas of our lives day by day. Therefore, Blockchain Economy Istanbul Summit was of great importance for the sector. Because such events create an environment where all stakeholders of the ecosystem come together, meet and discuss problems. Of course, we are also happy to organize such useful events in Turkey and to be among the sponsors as KuCoin.” said.
