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Turkey is constantly promoting Blockchain research and development activities, with the ambition to turn Istanbul into a global leader in blockchain technology.
This is one of the countries with a deep interest, always actively participating, investing in research into the Cryptocurrency market, as well as the Blockchain field.
Turkey has a community of investors, research clubs, universities as well as startups active in the field of Blockchain, Web 3, NFT, ..
Blockchain getting a lot of attention from the community | Image Source: Internet
The country has hosted major, influential events in the global Blockchain field such as ETHIstanbul, Blockchain Economy Istanbul and Istanbul Blockchain Week.
Explaining the popularity of Blockchain in this territory, economist Erkan Öz shared:
“The high rate of inflation is one of the reasons why many individuals living in Turkey are gradually turning an interest in cryptocurrencies, electronic assets and Blockchain technology in general.”
Turkey was held a lot of influential event in Blockchain area | Image Source: Internet
Although Blockchain and Cryptocurrecy is trusted, the biggest challenge that Blockchain technology developers and crypto startups are still facing is LEGAL! “To be able to go further in this area, Turkey should create another regulatory framework that can protect investors, blockchain assets and cryptocurrencies.” Erkan Öz added.
The Cryptocurrency ecosystem is growing strongly in this area, with the ambition to attract the Bitcoin user community to become one of the members of Shibarmy. The biggest event of the Ethereum ecosystem, DevCon 7 will be held in Istanbul, thanks to the support from many local key figures, in a short time, the event became the top concern of the masses. mass island.
The hashtag #DevconIstanbul became the top trending Hastag on Twitter in Turkey only. After many delays, Devcon is officially held this October 11-14!
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