Please describe your proposed solution
Fact
- In the field of blockchain and crypto, Vietnam is one of the leading countries in terms of the number of participants.
- Vietnam ranks first in the world in 2022 and third in the world in 2023 in the cryptocurrency adoption rate rankings.
The 2022 Global Crypto Adoption Index
The 2023 Global Crypto Adoption Index
- Vietnam ranks second in the world in terms of virtual currency ownership.
Vietnam is emerging as one of the countries with the highest rate of virtual currency ownership worldwide.
According to data from the electronic money payment portal Triple-A, Vietnam ranks second with 21.2% of the population owning virtual currency, just behind the United Arab Emirates (UAE), with a rate of 34.4%.
Source: Visualcapitalist
- Every year, there are numerous events hosted by blockchain groups that draw a large number of participants.
Source: Vietnam Crypto Report 2023
- The Cardano Summit Vietnam event has been held for three years in a row, from 2021 to 2023, in both big cities, Hanoi and Ho Chi Minh City. The event had a total of nearly 1,000 attendees, as well as Cardano enthusiasts such as ADA-holder communities, enterprises, and universities.
- What is inspiring and rewarding is that the event is being sponsored and contributed by so many Cardano community members in Vietnam and could potentially expand more in the coming years.
- The event's funding source is now primarily supported and depends on the Cardano Foundation. Although there is financial support from the community, due to the limitations of the fund, it is difficult to maintain and expand the events at the national level and connect other blockchain ecosystems. Therefore, the Vietnamese community needs larger funding sources.
Solution
To address this concern, we suggest the following alternatives:
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Apply for support from Catalyst fund: financial support is the most effective approach for sustaining and extending the event.
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We will be able to continue organizing the Cardano Summit Vietnam 2024 event as an offline event.
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The events will take place in Vietnam's two main cities: Hanoi and Ho Chi Minh City.
These are the top two cities in Vietnam, and possibly Southeast Asia, with the most active blockchain communities. All major institutions, government agencies, and large enterprises are also headquartered here. The Cardano Vietnam community is particularly active on the two sites mentioned above.