Intro
The team at Labrys recently ventured to Melbourne for the last large crypto conference of the year, AusCryptoCon. The weekend was full of valuable insights, networking and connections. We’re big believers that these events are really important for new and established Web3 businesses alike, to keep their finger on the pulse of Web3 trends and developments.
Lachlan Feeney (Labrys CEO) shared some of his key takeaways from the weekend. Read on to learn more about the things that impressed him the most, and what he’s expecting in 2024.
Questions
What impressed you the most about AusCryptoCon?
Lachlan: “This year we had a big booth, which was a first for us. I was super impressed last year as I’d never seen anything that big for a crypto conference in Australia. AusCryptoCon is the first event where we are actually competing or on par with international crypto events, and this year was bigger and better. We went to meet new clients, look for new business opportunities. This is honestly the best networking opportunity for our industry in the country.”
Industry health check: how is 2024 looking?
Lachlan: “The industry is super hot at the moment. Better than I expected it to be, to be frank, because the last 12-18 months have been hard. No one really wanted to talk about crypto or blockchain for a while, even the sentiment within the industry was generally negative. However in the last few months, there has been a shift and a lot of interest is returning to the industry. There’s a difference between price and sentiment; Bitcoin was up by mid-year but the sentiment in the industry lagged until the most recent months. I think 2024 is going to be really strong for the industry now. Currently, we’re fully booked out, which is great.”
What do you hope to see more of in 2024?
Lachlan: “We are a smaller [Web3] market and population in Australia, with that being said, I do believe we punch above our weight in terms of the projects that are based here or were originally founded here. We have some of the biggest blockchain projects in the world right here in Australia. For example, Immutable, Rocket Pool, Synthetix, Illuvium, just to name a few. I’m looking forward to seeing more projects and innovation in 2024.
I also think SocialFi applications will rise in 2024. We’re seeing some great projects come through that are focussed on monetising networks and combining social media with DeFi. I am certain the future for blockchain is very positive and that many more use cases will move on chain and into Web3. Which industry or use case is next? That’s like asking someone when the internet was created, which industries would be the most impacted. It’s hard to make predictions, but I think sooner or later, every industry will be impacted.”
Final thoughts
As we prepare to close the chapter on a momentous and challenging year in Web3, we set our sights now on the task ahead: mass adoption and further shaping the new world with cutting edge applications and solutions.
Keen to learn more about what we can do for your project or big idea? Get in touch with our dedicated crypto-native team today.
