FTX collapse not enough to break the spirit of the crypto community: IBW 2022

FTX collapse not enough to break the spirit of the crypto community: IBW 2022

Istanbul Blockchain Week opened on November 14 to bring together the crypto and blockchain ecosystem in Istanbul, Turkey. Cointelegraph attended the event with a Cointelegraph Turkey booth and an Istanbul-based publisher to experience first-hand the impact of FTX’s collapse – the outcome was unexpected.

As an international hub home to more than 15 million people, Istanbul was rocked by a bomb attack in Taksim, the city center, on the evening of November 13. Yet the next day, Istanbul Blockchain Week (IBW) opened its doors to over 2,000 international attendees and over 100 speakers after consulting with local security authorities.

In addition to a year-long bear market and the collapse of FTX, IBW 2022 attendees also had to deal with the emotional stress of what happened last night. Both events were ubiquitous topics on the main stage and in the event hall.

Erhan Korhaliller, the event organizer and founder of EAK Digital, touched on both topics during his keynote. With the exception of those who barely managed to land in Istanbul a few hours before their stage time, the majority of speakers began by offering their condolences to the victims of the terrorist attack.

However, Istanbul Blockchain Week 2022 has managed to strike a balance to keep a respectful tone towards the concerns of İstanbulites while maintaining the entertainment aspect of the show. Nothing stood out as too flashy, but the atmosphere was still vibrant and colorful. The next four days saw key names in the crypto industry take to the stage one after another in front of fully focused and attentive audiences.

Cointelegraph Turkey caused a stir at IBW 2022 with a large booth overseen by the Kriptomeda team.

IBW 2022 used the Hilton Bomonti hotel’s event zone smartly enough to provide breakout areas during crowded networking events. Guests were given coffee, tea and water to keep them refreshed during heated conversations.

The main stage, which was too big for a 2,000-person event, was divided into three parts: lit only by light from kiosks that feature cool-looking non-fungible tokens (NFTs), the NFT Gallery was next to the stage . The other side of the gallery was reserved for IstanHack, where developers from neighboring countries competed to build a Web3 project.

The event agenda left no corner of the broader cryptoverse: market makers, exchanges, decentralized finance (DeFi) providers, blockchain games, and the big guns of the metaverse filled the area with the event and the main stage to provide a complete picture of what is happening in the crypto world.

Related: Turkish Financial Authority investigates FTX bankruptcy

One thing that stood out throughout the show was the positivity and the “keep building” philosophy. It wouldn’t take a journalist to understand that the ecosystem really does believe in building a bear market.

During the event, Cointelegraph saw ambitious projects with young and talented teams joining the competition on the heels of the biggest crash in crypto history, with global exchanges using the local aspect of the event to advertise their expansion into the Turkish market, and industry veterans sharing wisdom and strategy. endure negativity from the mainstream media.

The Cointelegraph ground crew shot several video interviews with speakers at the Cointelegraph Turkey booth, most of which were posted on the CT Turkey YouTube channel. Between a panel moderation and plenty of booth surfing, Cointelegraph editor Erhan Kahraman also managed to sit down with famed cryptographer and Elixxir CEO David Chaum as well as security expert HashEx CEO of the blockchain, Dmitry Mishunin. Both interviews will be published in Cointelegraph.

IBW 2022 was first announced in early 2022, so it is safe to assume that its details and schedule needed to be slightly updated due to the recent crisis. However, the main message was unequivocal: crypto is here to stay, and the crypto revolution is bigger than FTX.