Singapore, Singapore, January 9th, 2025,
Chainwire
Foresight Ventures, the
first and only crypto-focused VC bridging East and West, and
Primitive Ventures, a frontier prop investment firm believing in
financial populism and technolibertarianism, has unveiled its “GTM
in Asia” report today. This comprehensive analysis explores Asia’s
vibrant crypto markets, offering a critical guide for navigating
the region’s unique challenges and opportunities.
Asia is the heartbeat of the global crypto ecosystem, accounting
for 60% of worldwide crypto users and contributing
the largest share of global liquidity. The region’s dynamism stems
from its diverse cultural philosophies, economic structures, and
behavioral nuances.
Key findings highlight:
- Regional Dominance: Five of the top 10
countries in the 2024 Global Crypto Adoption Index are in Asia,
including India, Indonesia, and Vietnam. This reflects the region’s
unparalleled crypto adoption, driven by CEXs and price-sensitive
communities.
- Wealth Disparities and Behavioral Trends:
APAC’s socio-economic diversity fuels dominant behaviors like
airdrop farming and meme-based speculation, underscoring
opportunities for tailored crypto products.
- Global Connectivity: Asia’s internal trade and
capital flows highlight its interconnectedness, with 57% of
intra-regional trade and 55% of FDI inflows reinforcing the
region’s cohesion.
This collaborative report highlights the distinct expertise of
Foresight Ventures and Primitive Ventures in bridging East and
West.
Forest Bai, Co-Founder of Foresight Ventures, noted:
“The international division of labor in the Web3
industry is even more critical compared to traditional internet
sectors. Asia stands as a significant hub for crypto innovation,
users, and trading markets. Through this report, we aim to
highlight Asia's diverse cultural and market
characteristics.”
Dovey Wan, Founder of Primitive Ventures, emphasized the
global-local paradox in crypto adoption:
“Over 50% of Americans don’t have passports, 80% of
Chinese have never traveled abroad, and even in the EU, only ~40%
of citizens have ventured beyond their borders. While crypto is
inherently global, humans are naturally local and tribal, making
global thinking both uncommon and challenging. As multicycle
players with a truly global-minded team, Primitive is committed to
bridging these gaps.”
Country-Specific Highlights from the
Report
- China: Despite regulatory hurdles, crypto
adoption thrives in OTC markets and DeFi platforms. Hong Kong
serves as a pivotal gateway, showcasing the resilience of Chinese
crypto participants.
- South Korea: A highly liquid market driven by
retail investors and homegrown platforms like Upbit, with strong
integration into the Kakao ecosystem.
- Singapore: A global hub for innovation,
benefiting from clear regulatory frameworks and a high crypto
ownership rate (24.4%).
- Vietnam: A rising star in GameFi and
blockchain education, powered by initiatives like the Vietnam
Blockchain Association and successful projects like Axie
Infinity.
- Philippines: A leader in blockchain
remittances, leveraging its English-speaking diaspora and robust
gaming culture.
For the entire GTM report, please download the full
report here: LINK
About Foresight Ventures
Foresight Ventures is the
first and only crypto VC bridging East and West. With a
research-driven approach and offices in the US and Singapore, they
are a powerhouse in crypto investment and incubation. Their premier
media network includes The Block, Foresight News, BlockTempo, and
Coinness. Foresight Ventures aggressively invest in
the most daring innovations. they are dedicated to partnering with
visionary projects and top teams to help them succeed, reshaping
the future of digital finance and beyond.
For more information, users can visit: Website | Twitter | LinkedIn | Discord | Linktree
For media requests, please contact
media@foresightventures.com.
About Primitive Ventures
Primitive Ventures is a multi-strategy
investment firm led by industry veteran Dovey Wan. The firm
believes in the cypherpunk spirit as the driving force behind
financial populism and technolibertarianism. Over the past 10
years, Primitive Ventures has incubated and invested in over 50
unicorn protocols and on-chain economies, making it a trusted
partner for the next generation of decentralized economy
leaders.
For more information, users can visit: Website | Twitter
For media requests, please contact info@primitive.ventures
Contact
PR
team
media@foresightventures.com
