1. Startups

Nexticorn Collaborates with Tokocrypto to Network Potential Web3 Innovators

Registration for "NXC Web3 Startup Competition" participants is open until June 12, 2022

Ahead of the NXC Indonesia Summit 2022, the committee is collaborating with tokocrypto held the "NXC Web3 Startup Competition". This competition aims to capture the 10 best local Web3 projects to be given the opportunity to appear at the Summit in Bali.

Based on data from DappRadar, the trading volume of the world NFT market in 2021 skyrocketed to $23 billion, indicating a 592% increase in new users making transactions. Total investment of VCs, celebrities, and brand in industry blockchain has even reached $27 billion.

In Indonesia alone, from January to June 2021 it was recorded that more than 6,5 million people made cryptocurrency transactions with a total of $25 billion. The same period in the previous year was only $4,4 billion, which means a significant increase of up to 470%. Currently, Indonesians can legally own and trade around 229 types of crypto assets.

Edward Ismawan Chamdani as Chief Summit Officer at NXC International Summit 2022 said, "All data shows that the growth of the Web3 industry in Indonesia is extraordinary. Through Nexticorn and NXC International Summit 2022, we believe that Web3 will be the foundation or launchpad for unicorn new from Indonesia. And this is in line with our mission to encourage the acceleration of the Indonesian technology industry which will give birth to unicorns new."

One of the focuses of the NXC International Summit 2022 event itself is a deeper discussion and understanding of the potential of technology Web3 and its derivatives. There is a special area called the Experience Areadedicated to participants so that they can experience firsthand with Web3 technology. In addition, Nexticorn will also invite globally renowned Web3 activists including market leaders to participate in this activity.

“Web3 is a promising new phase. The potential of Web3 in Indonesia today up and rising. Tokocrypto is very optimistic about the potential of Web3 to expand people's access to all kinds of better opportunities, from the economy to health to education. This strategic partnership is in line with Tokocrypto's vision to continue to be builder as well as a leader in the crypto ecosystem, blockchain, and Web3 in the country, as well as bringing Indonesia to be a barometer in the global arena," said Pang Xue Kai, Co-Founder & CEO of Tokocrypto.

Criteria and categories

title NXC Web3 Startup Competition not only intended for startups or companies, but also for development teams or anyone working on commercial business products or services that use decentralized or technological concepts blockchain.

Several criteria that must be considered are 1) the core team must be dominated by Indonesian citizens; 2) The project has been running for at least 3 months; and 3) Have and can show traction/usage data.

The Web3 competition is divided into 4 categories, namely: DAO - Distributed Autonomous Organizations; NFT - Non-fungible Tokens (with utilities or smart contracts); dApps - Decentralized Applications; and Blockchain - Open Ledger with Blockchain.

More Coverage:

Registration takes place from May 24 to June 12 2022. Followed by a judging session by Edward Ismawan Chamdani as Chief Summit Officer of NXC International Summit 2022 and Tigran Adiwirya as VP of TokoLabs Tokocrypto, which will last for 3 days until June 15, 2022. The ten winners will be announced on June 18, 2022.

For technology activists who have started working on the Web3 project and want to further develop this latest innovation, register now. Registration will close on June 12, 2022. Further information regarding the competition and registration is available on the Nexticorn website and NXC Web3 Startup Competition.

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