Innovation Day is an annual event organized by GFI that shares the latest developments and innovations in technology, particularly in Blockchain technology. This year, the event featured the theme ‘Time to Take Web3 Opportunities’. While many people have heard of the phrase ‘Web3’ and believe it will flourish in the future, it is important to ask ourselves whether we are knowledgeable enough to take advantage of this opportunity?
As the saying goes, ‘The only thing that does not change is change.’ What stage are we in during the innovation revolution and what opportunities lie ahead? Let us explore the highlights of this event with GFI.
“Change or die”
“Change or die?” was the challenging question posed by Mr. Huong, Founder of GFI (formerly GFS), to attendees at the Innovation Day 2022 event. This poignant question highlights the difficulty business owners face in today’s rapidly changing world.
Mr. Huong’s startup story reflects on the past, where famous corporations like Yahoo and Nokia disappeared to make way for new players in the technology industry such as Facebook, Google, Amazon, and innovative business models like Airbnb, Grab, and Uber. These past events demonstrate that “Innovation – Continuous Innovation” is essential for all businesses, not just startups.
Mr. Huong opens Innovation Day 2022
Will the next wave of Innovation be Blockchain?
In the field of Blockchain technology, it is very important to help people properly and fully understand it. From there, we can equip ourselves to seize the opportunity in the next wave of Innovation.
Blockchain technology has many outstanding advantages, including transparency, non-editability, decentralization, and automation of smart contracts. It is widely applied in finance, administration, and business models.
How are governments and major organizations presently responding to the advent of Blockchain technology? Across the globe, leading countries like the United States, China, Korea, Japan, and Singapore have been promoting the development of this field. Vietnam has identified the Blockchain field as one of its five key industries by 2025 with a vision to 2030. Tech giants such as Microsoft, Facebook, Google, and Amazon are all making huge investments in this field. More than a third of traditional investment funds have invested in the Blockchain market, with over 300 units at present. Google is the current Web2 giant, occupying second place in Web3 and Blockchain investments.
Nevertheless, investing in the Blockchain sector necessitates a long-term investment period of approximately two years because the current market is small, and there are no practical applications that create social value. However, when the number of users increases, the market will explode, bringing high returns on investment.
Will the next wave of innovation be Blockchain?
What GFI will do to seize the opportunity from the Blockchain Innovation revolution
To clarify the question above, Mr. Huong affirms that this is the “Golden time to seize the opportunity”
- Dynamic young market
- The starting point is similar across countries
- Human resources 430k developers
- Financial resources: with an open economic model, it is accessible to investors around the world
Goodbye GFS – Birth of GFI
GFS has completed its mission exceedingly well over the past four years, and it is now time to say goodbye to GFS officially. GFI will start a new journey with a higher mission role to help Vietnam reach an international level and change its position on the world technology map.
GFI creates a full ecosystem for the Vietnamese Blockchain sector to develop strongly and sustainably:
GFI Blockchain: Communicating to the investment community and developers to properly and fully understand this potential blockchain market.
VBI Academy: Training developers including Web3 and the future like university students to become real, conscientious and visionary developers to support quality projects in Vietnam.
Incubation Center: Support in pouring capital, incubating potential startup projects.
Goodbye GFS – Birth of GFI
VBI Academy
In the event that day, GFI officially launched VBI Academy, connecting leading universities in Vietnam towards in-depth training in Blockchain technology for IT students. Besides, VBI Academy builds more training programs from basic to advanced for developers/builders.
Current training programs: Weekly live coding bootcamp, Blockchain programming course on NEAR and Subtrate with monthly mini hackathon, …
VBI Academy
Near Vietnam Hub
On September 13, GFI signed a cooperation agreement with NEAR Foundation to establish NEAR FOUNDATION’s Web3 Center IN VIETNAM.
With more than $560M in capital raised from major funds such as Coinbase Ventures, a16z, Pantera, GFI Ventures, Near Foundation, Digital Currency Group, creating a solid foundation for the development and expansion of Near’s ecosystem .
Near Hub has developed in many countries around the world such as Ukraine, India, etc. Currently, Near Hub is present in Vietnam, under the support of GFI, developing in key areas such as education, marketing, incubation, funding. .
Near Vietnam Hub
Conclusion
The Innovation Day – Time to take Web3 opportunities event was a resounding success, with more than 500 enthusiastic spectators fully engaged until the end of the program. Innovation Day 2022 marks an essential milestone for GFI and a time for all of us to come together to “Seize the opportunity in the Web3 era” and promise further success for the coming years.
The Innovation Day event was very successful, with more than 500 spectators fully participating until the end of the program. This event marks an important milestone for GFI, and it is a time for us to come together to “Seize the opportunity in the Web3 era.” We hope that the success of this event will bring new opportunities for us and more success to GFI in the future.
