CryptoSlate had the chance to sit down down with Erhan Korhaliller, Founder & CEO of EAK Digital, the web3 communications and occasions company behind a few of the business’s most inventive IRL occasions, as he places plans collectively for the a lot anticipated Istanbul Blockchain Week.
Why is the Turkish market so sizzling for crypto?
Turkey has been combating excessive inflation and rates of interest for a while now, a very long time earlier than it began seeping into the worldwide market. The official inflation price of Turkey presently sits at 78.6% for the month of June; this has led Turkish folks to search for various property wherein to protect and broaden their wealth.
Turkey additionally has a really profitable cell gaming market; in a latest report, it was said that 79% of adults in Turkey play video games, so persons are used to swapping out and in of tokens and cash, and I believe Turkey will play a key position within the upcoming surge of web3 gaming that we’re going to see within the subsequent few years.
What sectors of the web3 business are notably sizzling in Turkey proper now?
Turkey has an enormous quantity of retail merchants; this has led to lots of the main exchanges constructing a Turkish presence, together with Binance, Huobi and FTX, and extra. In my discussions with exchanges, I’ve been informed often that Turkey is within the prime 2/3 markets for buying and selling on their platforms. Along with the worldwide exchanges, there are massive nationwide exchanges presently posting large volumes, akin to BTC Turk and Paribu.
Turkey has all the time been an enormous marketplace for cell gaming, and there continues to be a particularly giant gaming neighborhood in Turkey which can be ripe to be onboarded into web3. We plan to allow that at Istanbul Blockchain Week at our W3E championships, the world’s first Web3 gaming championships.
What impressed you to organise Istanbul Blockchain Week?
Apart from my Turkish heritage, because the founding father of EAK Digital, a web3 inventive communications company since 2017, now we have partnered with many occasions as their PR associate in addition to labored with high-profile shoppers akin to Binance, XX Community, Theta Community, Neo, and so on., as our company grew our community grew with it. In 2019, I made a decision to discover the Turkish web3 occasions panorama and I used to be very dissatisfied at what I discovered.
There have been no main occasions going down in Turkey and the occasions I may discover had questionable audio system and characters within the house sometimes recognized of shilling and questionable tasks. Along with this, the Turkish economic system was struggling while adoption within the nation was exploding. This impressed me to launch Istanbul Blockchain Week, the premier web3 occasion in Eurasia, wherein we invite actual builders, educators, thought leaders and prime enterprise folks each in Turkey and internationally to launch an occasion that Turkey could be actually happy with.
What’s the present regulation for crypto in Turkey?
In Turkey, it’s unlawful to make use of crypto as a type of cost nonetheless it isn’t unlawful to commerce cryptocurrencies. Other than this, they’re hasn’t been clear regulation tips set by the federal government. President Erdoğan mentioned the laws concerning crypto property is prepared for the parliament, with no clear date as to when this is able to come into apply. We’re eager for laws that permit for the house for innovation and progress to proceed within the crypto asset house in Turkey.
What may shock some folks is that President Erdogan, after assembly with Tesla firm CEO Elon Musk, introduced that TOGG, the home automotive model of Turkey, will cooperate with the Avalanche blockchain. He additionally said that Turkey must be one of many main international locations within the Metaverse universe in January of this yr.
What are the important thing spotlight occasions of the Istanbul blockchain week?
The week kicks off with a 1 day NFT Day devoted to all issues NFT/Metaverse and gaming, this shall be a extremely curated lineup of leaders of the NFT house inside Turkey and Internationally. We then transfer into the primary occasion of the week, IstanBlock, which is a two-day occasion that may function Turkish authorities audio system, giant multinational firms, and naturally, web3 heavyweight thought leaders.
Following the primary occasion, we’re extraordinarily excited to be launching the W3E Championships, the world’s first Web3 gaming championship. We now have a devoted 600-seat E-Sports activities enviornment in Istanbul for the finals of the championship, which incorporates a few of the prime video games in web3. Avid gamers should enter the qualifying tournaments for the championships going down in August and September earlier than the finalists descend to Istanbul for one ultimate epic showdown.
Who’re a few of the headline names planning to talk at Istanbul Blockchain Week?
At this yr’s Istanbul Blockchain Week, we’re specializing in plenty of totally different areas within the business break up throughout the totally different occasions. You possibly can count on an entire host of audio system from leaders in web3 alongside mainstream web2 manufacturers which can be breaking into web3. Its been fascinating to look at the likes of Tiffanys and Adidas just lately broaden into web3 and we need to host occasions that facilitate such partnerships.
As well as, at IstanBlock, the flagship occasion of Istanbul Blockchain Week, attendees can count on main figures in web3 and legendary figures like David Chaum, a legendary cryptographer and pioneer alongside prime enterprise capital funds and establishments. We may even have a powerful NFT/Gaming/Metaverse presence at NFT Day and the Web3Esports Championships with audio system anticipated who’ve labored on a few of the greatest video games AAA+ video games to affix the dialog.
Why ought to folks attend Istanbul Blockchain week?
Istanbul Blockchain Week represents one of the best alternative for the worldwide neighborhood to enter the rampant Turkish crypto neighborhood, and construct relationships with merchants, influencers, thought leaders, authorities, and enormous multi-national corporations in search of companions to interrupt into web3.
At Istanbul Blockchain Week, now we have a spread of occasions which can be appropriate too many alternative profiles of attendees. Whether or not you’re an NFT fanatic, a significant enterprise/financial institution pivoting to web3, or an avid gamer, there’s something for you.
Istanbul is an iconic historic metropolis and the joy for web3 is palpable, you solely must spend half a day in Istanbul to see how giant it’s right here. Seemingly wherever you look there’s a reference to crypto from promoting within the airport, native trams, and buses to bodily trade outlets outdoors the well-known Grand Bazaar.
The Turkish persons are a few of the most devoted and enthusiastic about web3 and cryptocurrency and the occasion is a significant alternative for tasks who need to attain a brand new receptive viewers or meet their current Turkish neighborhood.