The FTX collapse not enough to break crypto community’s spirit: IBW 2022

Istanbul Blockchain Week opened its doorways on Nov. 14 to convey the crypto and blockchain ecosystem collectively in İstanbul, Turkey. Cointelegraph attended the occasion with a Cointelegraph Turkey sales space and an İstanbul-based editor to expertise the affect of the FTX collapse firsthand — the consequence was sudden.

As a world hub housing greater than 15 million folks, İstanbul was shaken by a bombing assault in Taksim, town heart, on Nov. 13 night. Yet, the next day, Istanbul Blockchain Week (IBW) opened its doorways to greater than 2,000 worldwide attendees and over 100 audio system after consulting with native safety authorities.

On prime of a year-long bear market and the FTX collapse, IBW 2022 attendees additionally had to cope with the emotional stress of what occurred final night time. Both occasions had been ever-present subjects on the principle stage and within the occasion corridor.

Erhan Korhaliller, the organizer of the occasion and the founding father of EAK Digital, talked about each subjects throughout his opening speech. Excluding the individuals who barely managed to land in İstanbul hours earlier than their stage time, the vast majority of audio system began by giving condolences to the victims of the terrorist assault.

However, Istanbul Blockchain Week 2022 managed to discover a stability to hold a respectful tone to the troubles of İstanbulites whereas sustaining the leisure facet of the present. Nothing stood out as too flashy, however the environment was at all times vibrant and colourful. The subsequent 4 days noticed key names from the crypto trade taking the stage one after one other in entrance of a totally targeted and attentive viewers.

Cointelegraph Turkey had a splash at IBW 2022 thanks to an enormous sales space overseen by the Kriptomeda workforce.

IBW 2022 used the occasion space of the Hilton Bomonti lodge somewhat cleverly to present break zones throughout crowded networking actions. Guests had been offered with espresso, tea and water to refreshen throughout heated conversations.

The primary stage, which was too large for a 2,000-person occasion, was divided into three elements: Illuminated solely with the sunshine of kiosks that current cool-looking nonfungible tokens (NFTs), the NFT Gallery was neighboring the stage. The different facet of the gallery was reserved for IstanHack, the place the builders from neighboring international locations competed to construct a Web3 undertaking.

The occasion agenda left no nook of the expanded cryptoverse unchecked: Market makers, exchanges, decentralized finance (DeFi) suppliers, blockchain gaming and metaverse large weapons crammed the occasion space and the principle stage to present a complete image of what’s happening within the crypto world.

Related: Turkey’s monetary authority investigates FTX’s collapse

One factor that stood out throughout the entire present was the positivity and the “hold constructing” philosophy. It wouldn’t take a journalist to perceive that the ecosystem really believes within the bear market constructing.

During the occasion, Cointelegraph noticed bold tasks with younger and proficient groups becoming a member of the competitors proper after the most important collapse in crypto historical past, world exchanges utilizing the native facet of the occasion to announce their enlargement into the Turkish market, and trade veterans sharing knowledge and technique to endure the negativity of the mainstream media.

The Cointelegraph floor workforce shot a number of video interviews with audio system on the Cointelegraph Turkey sales space, most of which had been revealed on CT Turkey’s YouTube channel. Between a panel moderation and plenty of booth-surfing, Cointelegraph editor Erhan Kahraman additionally managed to sit down with famend cryptographer and Elixxir CEO David Chaum in addition to blockchain safety skilled HashEx’s CEO Dmitry Mishunin. Both interviews shall be revealed in Cointelegraph.

The first announcement of IBW 2022 dates again to early 2022, so it’s protected to assume that its particulars and agenda wanted to be marginally up to date due to the current meltdown. However, the principle message was unmistakable: Crypto is right here to keep, and the crypto revolution is larger than FTX.