On August 23, 2023, BTS Labs Network Assembly @Istanbul, organized by BTS Labs and co-organized by Altcointurk, was successfully held in Istanbul. Thanks to the cooperating institutions for this conference: Lens Protocol, Taiko, Polytrade, Clearpool, Symbiosis, Chainlink, CyberConnect, Fidelion, Kronos Research, IVS Crypto, Bitci Global; cooperating media: CryptoPNZ, Foresight News, NewsPANwes, TechFlow, Odaily, Coinpost, Coinlive, Muhabbit; cooperating communities: Kazanç Rehberi, Coin Mühendisi, AltcoinTürk, Respect Trade, CryptoXero(Bitcoin Ve Altcoin Türkiye), Üstad Splinter, ARSUN BLUE, Kriptobi, Crypto House, Airdrop Türkiye, Kriptoetkinlik, 2 Loud Network, 0x Wilds, GnosisDAO, TokenPocket, Token Hunters, Cryptoiz Research, Satoshi Club.

BTS Labs Network Assembly @Istanbul – BTS Labs and Altcointurk held a project sharing session in Istanbul. The guest speakers of this conference included: Yilan Huang, Global Development Supervisor of CyberConnect; Erkan Gül, Web3 Investment Advisor and Angel Investor in Turkey; Mete Ali Başkaya, responsible for Blockchain and Cryptocurrency Ecosystem at Nerf IT in Turkey and also a lecturer; the manager of Solana Allstars Turkey in Turkey, and Ahmet Cengiz, a partner of Altcointurk. At the event, participants discussed the similarities and differences between the Web3 markets in the East and the West, as well as the latest trends, technologies, and applications of the global Web3 ecosystem.

The event was opened by Eric Lee, the founder of BTS Labs, who provided a detailed introduction to BTS Global (BTS Labs & BTS Ventures & BTS Trading), which is committed to providing integrated consulting services for investment, incubation, and consultation. Among the many projects they have served are AAVE, Sushi, BNB Chain, Alpaca, Crypto Blades, Polygon, and CyberConnect, which are well known in the industry.

Yilan Huang, the Global Development Director of CyberConnect, then introduced CyberConnect as a multi-chain decentralized social graph protocol, currently deployed on Ethereum mainnet, Polygon, Solana, and BNB Chain. The protocol aims to provide developers with opportunities to create social applications and enable users to have their own digital identity (DID), content, connections, and tokenized channels.

After the guest sharing session, the roundtable discussion began. Lawrence Xiao, Co-founder of BTS Labs, mentioned significant differences between Asian and European investors when it comes to investing in the cryptocurrency market. Asian investors tend to focus on short-term or medium-term profits, while European investors prioritize value-driven projects that address real-world problems. The introduction of a Bitcoin ETF could have a major impact on the cryptocurrency industry. This could trigger the next bull market and attract traditional financial market participants to enter this field. For ordinary users, this could be the final opportunity to make wealth before big players enter the market. During a recent visit to Istanbul, I was amazed by the popularity of cryptocurrencies in Turkey. The BTCTurk logo is everywhere, and major commercial banks are closely collaborating with local cryptocurrency exchanges. It is evident that Turkey is becoming the center of the Asian and European cryptocurrency markets. As for specific projects, I am particularly interested in SocialFi, which has the potential to succeed where other social media-based cryptocurrencies have failed. I am also keeping an eye on AIGC and RWA-related projects, as I believe they could have a significant impact on the everyday adoption of cryptocurrencies. Overall, I am excited to see how the crypto industry continues to develop and innovate in the coming years.

Erkan Gül, Web3 investment advisor and angel investor, shared with everyone that philosophical approaches and complex structures have hindered enough people so far. When people ask us for shoes, we give them a jacket and set barriers in front of us. Ethereum has been launched for nearly nine years, and we are delighted to be able to use verification methods such as text messages, emails, Face ID, which have been used in the web2 world for years! In order to bring the next millions of people into the Web3 world, we must stop adding "Fi" to everything and build user-friendly applications. ETF has been a popular and validated investment tool for many years, and now the world's largest asset management company, Blackrock, wants a Bitcoin ETF. If the Bitcoin ETF is approved, it means that Bitcoin will become mainstream. We will see more investor protection regulatory pressure, more regulatory activities, and deep liquidity and volatility.

Yilan Huang, Global Development Director of CyberConnect, believes that Web3 and the entire cryptocurrency industry need to find methods for true mass adoption. People deserve a better internet, and it is our industry's responsibility to bring it out of the bubble.

First and foremost, we need to fundamentally simplify the onboarding process and management of user wallets and keys. This is one of the biggest obstacles that discourages users. The recent development of account abstraction technology (ERC-4337) has tremendous potential as it abstracts the complexity of all cryptographic networks. Some standout features include: social login, social recovery, cheaper and more convenient signatures, and a true multi-channel or chainless even gasless experience implemented by bundlers.

CyberConnect V3 and CyberWallet have already established a leading position in terms of user adoption and transactions in the market. Furthermore, the general public seeks authentic and enhanced experiences here. We do need to go beyond the "Fi" part of web3. It is crucial for protocols and applications to collectively provide real and diverse use cases, where users can immediately engage and benefit from the user experience, interoperability, and ownership of web3. Some key trends we need to focus on can include social interactions, gaming, entertainment, etc., particularly social interactions. CyberConnect, as the largest decentralized social network in web3, also holds a leading position in the market. Just think about how Facebook brought a significant influx of new users to the internet and e-commerce in the 2010s. Now people can use web3 not only for transactions but also for socializing and experiences beyond individual modes. This is also crucial for Turkey. We see enormous potential not just in adoption and transactions, but also in terms of the general public and the next generation of top talent and builders. To ensure Turkey's long-term prosperity, we need to gradually introduce more web3 use cases to the market and encourage young university club builders to explore cutting-edge technologies and application experiences. CyberConnect is very excited about this and will collaborate more with the best partners here. Ahmet Cengiz, the manager of Solana Allstars Turkey and partner at Altcointurk, mentions that, like every young Turkish person, he believes that blockchain technology or crypto assets present a great opportunity for Turkey, as long as there is proper regulation. It has the potential to become the center of the blockchain ecosystem, given Turkey's strong technological adaptability. Almost everyone is familiar with the concept of Bitcoin and interested in it. It can be said that our students, our future, have already started producing a lot for this ecosystem. Mete Ali Başkaya, the head of Nerf IT Blockchain and Crypto Ecosystem and also a lecturer, introduces the different opportunities the blockchain industry has in Europe and Asia due to their unique cultures, regulations, and economic backgrounds. Europe's focus on innovation and collaboration, as well as its unified regulatory framework, creates an environment favorable to sustainable blockchain projects. In contrast, Asia offers a fast adoption rate and a dynamic regulatory environment, providing a fast-paced and flexible market that is both profitable and challenging. A standardized approach is unlikely to succeed in these diverse markets. To fully leverage the potential of blockchain technology, it is crucial to understand the specific nuances of each region. Whether it's innovation, investment, or implementation, strategies should be customized based on the characteristics of the European or Asian target markets. The adoption of web3 in Turkey represents not just technological transformation but also socio-economic opportunities that should be seized. Although web3 technology has the potential to completely transform various sectors and reshape the Turkish economy and society, there are still challenges that need to be overcome. These challenges, such as regulatory barriers and cultural perceptions, indicate areas that require strategic focus. Achieving regulatory clarity, investing in infrastructure, and promoting public education are essential for establishing a sustainable web3 ecosystem in Turkey.Web3 ecosystem is crucially important. At this critical juncture, the focus should be on adopting Web3 and aligning it with Turkey's unique economic, cultural, and regulatory environment. The decisions made now will determine the adoption rate, long-term viability, and success of Web3 in Turkey.

The conference concluded successfully with the enthusiastic participation and active networking of all the guests. The event's quality has been highly praised in the local Turkish market. More importantly, it has brought different perspectives and development opportunities of Web3 from the East and the West to local Turkish projects and institutions.