Indonesia's First Government-Backed Web3 Initiative Launches at Coinfest Asia 2024

Indonesia's Web3 Milestone with Ignit3

Indonesia is making waves in the blockchain industry with the launch of Ignit3, its first government-backed Web3 initiative. This pioneering program was introduced at Coinfest Asia 2024, highlighting Indonesia's commitment to fostering innovation and supporting startups in the Web3 space. The initiative is a collaborative effort between Lisk, a prominent Layer 2 blockchain platform, and Gerakan Nasional 1000 Startup Digital, part of the Indonesian government's Directorate General of Informatics Applications.

Lisk's Strategic Partnership

Lisk's collaboration with the Indonesian government aims to provide essential resources, mentorship, and networking opportunities to Web3 entrepreneurs. By leveraging government backing, Lisk and its partners are set to accelerate the growth of the Web3 startup ecosystem in Indonesia. This partnership is designed to scale Web3 projects and empower local developers, enhancing financial inclusion and building a robust community across Southeast Asia.

Ignit3's Impact on Web3 Growth

Ignit3 promises to be a cornerstone in Indonesia's Web3 journey by offering detailed insights into its objectives, benefits, and opportunities for involvement. The initiative underscores Lisk's dedication to advancing Web3 adoption in emerging markets. The program also seeks to bridge the knowledge gap in blockchain technology, supporting local founders from inception to success.

Lisk's Active Role at Coinfest Asia

Beyond the Ignit3 announcement, Lisk remains actively engaged at Coinfest Asia. The event features Lisk-branded initiatives, including water stations and a free NFT mint by Indonesian artist Yahya Rifandaru. Additionally, Lisk sponsors the Real World Asset track at the ETHSEA Hackathon, co-sponsored by Optimism, offering a $10,000 prize to innovative developers. These efforts reflect Lisk's commitment to nurturing a vibrant Ethereum South East Asia community.

About Lisk

Lisk is dedicated to bringing Web3 adoption to Ethereum through its Layer 2 solutions. By offering scalable and cost-efficient technology, Lisk enables real-world applications in emerging markets. As a key player in the blockchain industry, Lisk contributes to the development of interoperable supernetworks and provides comprehensive support to local founders.