Secret

Foundation

Read

<ul>
 <li>Asia-Pacific region embraces Web3 technologies, fostering innovation and growth.</li>
 <li>Cloud infrastructure drives scalability and development in Asia’s Web3 sector.</li>
 <li>Cloud and AI capabilities help streamline development and enhance user experiences.</li>
</ul>
<p>Web3 is thriving in Asia more than ever in comparison to the rest of the world. The CEO of Nansen, Alex Svanevik shares an <a href="https://cloud.google.com/transform/web3-thrives-in-asia-pacific-cloud-ai" target="_blank" rel="noopener noreferrer nofollow">article</a> addressing how and why Asia seems to be thriving over the rest of the world.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Why Web3 is still thriving in Asia.<br><br>It's been great to work with the <a href="https://twitter.com/GoogleCloud_SG?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@GoogleCloud_SG</a> team over the years. You have an awesome team here in the region <a href="https://twitter.com/ThomasOrTK?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@ThomasOrTK</a> !<a href="https://t.co/A0piWS5COs" rel="noopener noreferrer nofollow">https://t.co/A0piWS5COs</a></p>— Alex Svanevik <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f427.png" alt="🐧" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@ASvanevik) <a href="https://twitter.com/ASvanevik/status/1717760769838940322?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 27, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>In particular, Svanevik and the article attribute Web3 success in Asia to Cloud’s crucial role in the boom. Tech businesses in&nbsp; the Asia-Pacific region have thrived due to their emphasis on decentralization. More so, the role of cloud technology in this ongoing boom cannot be understated.</p>
<p>Emerging markets in Southeast Asia have seen the flourishing of a wide range of digital financial services, including digibanks, payment gateways, and buy-now-pay-later platforms. These innovations have addressed the historical limitations in accessing formal banking services.&nbsp;</p>
<p>The region now focuses on achieving profitable growth despite challenging economic conditions. Asia boasts a young population of digital natives, a thriving creator economy, and a vast community of mobile gamers, making it a hotspot for forging the next generation of the internet.</p>
<p>Several Web3 leaders deserve attention, such as <a href="https://www.nansen.ai/" target="_blank" rel="noopener noreferrer nofollow">Nansen</a>, providing high-quality blockchain analytics, Web3Auth empowering users with non-custodial authentication methods, and Sky Mavis granting gaming communities digital asset rights within their games.</p>
<p>The cloud has been the cornerstone of Web3’s success, offering essential infrastructure for companies to scale and tools to develop, iterate, and grow their offerings. The evolution of Web3 mirrors the <a href="https://cryptonewsland.com/stellar-unveils-open-source-disbursement-platform-for-fast-transparent-payments/" target="_blank" rel="noopener noreferrer nofollow">open-source movement</a>, sharing traits like transparency and collaboration.</p>
<p>While Web3 promises transformation and value creation, it faces challenges in scalability, interoperability, usability, and security. Cloud platforms have stepped in, offering enterprise-grade infrastructure to support businesses and networks.&nbsp;</p>
<p>Cloud adoption by Web3 developers opens doors to <a href="https://cryptonewsland.com/eu-pioneers-first-global-ai-act-a-new-dawn-for-artificial-intelligence-regulation/" target="_blank" rel="noopener noreferrer nofollow">AI capabilities</a> and cloud-based services, reducing development time and improving customer experience. Web3, like open source, embraces transparency, trust, and collaboration.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/these-events-could-spur-a-further-crypto-rally-this-week/" rel="noopener noreferrer nofollow">These Events Could Spur a Further Crypto Rally this Week</a></li>
 <li><a href="https://cryptonewsland.com/dfinity-foundation-introduces-icp-asia-alliance-and-a-20-million-grant-for-blockchain-ai-growth/" rel="noopener noreferrer nofollow">DFINITY Foundation Introduces ICP Asia Alliance and a $20 Million Grant for Blockchain &amp; AI Growth</a></li>
 <li><a href="https://cryptonewsland.com/massive-binance-withdrawals-raises-in-the-last-24-hours/" rel="noopener noreferrer nofollow">Massive Binance Withdrawals Raises in the Last 24 Hours</a></li>
 <li><a href="https://cryptonewsland.com/cz-shares-principles-helping-binance-thrive-amid-challenges/" rel="noopener noreferrer nofollow">CZ Shares Principles Helping Binance Thrive Amid Challenges</a></li>
 <li><a href="https://cryptonewsland.com/asias-gaming-supremacy-web3s-secret-weapon/" rel="noopener noreferrer nofollow">Asia’s Gaming Supremacy: Web3’s Secret Weapon?</a></li>
</ul>
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/ceo-of-nansen-discusses-why-and-how-web3-is-still-thriving-in-asia/">CEO of Nansen Discusses Why and How Web3 Is Still Thriving in Asia</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

CEO of Nansen Discusses Why and How Web3 Is Still Thriving in Asia

Crypto News Land

Other articles published on Oct 27, 2023

Lawyer Updates XRP vs. SEC Outlook, Explains Why the Judge Won’t “Hurt Ripple”

Is Interest in Buying Bitcoin Decreasing?

How FTX’s Decision to Liquidate GBTC Holdings May Affect Its Discount

AI’s environmental impact under scrutiny

AI predicts DOGE price for Halloween 2023

Fintech, DeFi, GameFi, and more: Web3 startups kick off Cointelegraph Accelerator second cohort

Join our free newsletter for daily crypto updates!