KUALA LUMPUR, August 1 — Malaysia has officially stepped foot into the Web3 blockchain industry with the conclusion of Malaysia Blockchain Week (MYBW) in partnership with the Malaysia Digital Economy Corporation (MDEC), also supported by Malaysia Convention & Exhibition Bureau (MyCEB) and Malaysia Venture Capital Management Bhd (MAVCAP).

From left: Lydian Labs CEO Adrian Sim, Lydian Labs CRO Noelle Lee, Minister of Digital YB Tuan Gobind Singh Deo, Malaysia Digital Economy Corporation (MDEC) Digital Investment Senior Vice President Raymond Siva, Lydian Labs COO Dr Ian Tan

Minister of Digital, YB Tuan Gobind Singh Deo attended the week-long on-ground event as well, showing his support for the event which aims to explore the future of Web3 in Malaysia.

“Throughout this week,we have witnessed the vibrancy of Malaysia's blockchain ecosystem. The convergence of innovative startups and established industry leaders has created an environment ripe for groundbreaking advancements.” – YB Tuan Gobind Singh Deo, Minister of Digital

MALAYSIA’S EMERGING FUTURE

Web3 and blockchain technology was the niche interest of a small group of people just a few years ago. Now, it has rapidly expanded into almost every industry, from banking to gaming to fintech. Around the world, and in Malaysia, we are seeing the tangible, real-world impacts of the industry evolution.

“The Malaysian government’s support of the adoption of blockchain technology in the country will see a rapid uptake of the technology.” – Dr. Ian Tan, Lydian Labs.

MYBW facilitated key discussions between corporate and government bodies expressing interest in the endless possibilities of Web3. The event brings together the brightest and most influential parties in Malaysia via speakers, demos, and more, creating a value chain which benefits every stakeholder in the ecosystem that ultimately exponentiates the tech growth of Malaysia via the blockchain.

Ts. Mahadhir Aziz, CEO of MDEC, said, “MDEC is proud to support Malaysia’s rapidly growing tech ecosystem. Aligning with the Malaysia Digital national strategic initiative, we are pleased to showcase our nation’s readiness for digital transformation through groundbreaking blockchain innovation. The advancements and collaborations witnessed this week reaffirm our belief in the potential of blockchain to revolutionise sectors, and we remain committed to fostering an environment where innovation can thrive, ensuring our place at the forefront of the global digital landscape and positioning Malaysia as a digital hub of ASEAN.”

SHAPING THE FUTURE OF BLOCKCHAIN IN MALAYSIA

In bringing together major players from all over the world and locally in an effort to further educate and explore the adoption of blockchain technology in Malaysia, major panel discussions and more than 20 keynote speakers and over 30 panels opened the curtain on key topics such as regulatory issues, the decentralised finance & syariah digital economy, blockchain traceability, NFTs & Web3 Gaming, and the impacts of Artificial Intelligence (AI) on the Malaysian landscape.

Over 3,000 enthusiastic Malaysians and international guests crowded the halls of Malaysian landmark World Trade Centre Kuala Lumpur (WTCKL), seamlessly stepping into the digital playground set up by Lydian Labs. The self-made webapp, a helpful digital guide to the event, doubles as an engagement tool that embraces the culture and technology of the blockchain industry

One thing is for sure: Malaysia’s future is already here.

About Lydian Labs

Lydian Labs is a full stack Web3 solutions provider focused on the APAC region and China, providing 3 main pillars of services: Advisory, Tech, and Marketing.

To know more about Lydian Labs, visit https://bit.ly/LydianLabsor find them on X (formerly known as Twitter).

Media Contact Info

Name: Noelle Lee

Email: bizdev@lydianlabs.io

Organisation: Lydian Labs

Website: www.lydianlabs.io
Telegram: @yichingnonolee or @doctoringaming