One of the most important gatherings in the crypto and Web3 space, Token2049 Singapore brought together the brightest minds and influential leaders with over 20,000 attendees. Attendees were inspired by the insights of renowned speakers such as Ethereum co-founder Vitalik Buterin and Binance CEO Richard Teng.

Token2049 expanded its presence in Singapore with the “Beyond the Infrastructure Bubble” event organized by Sweat Economy, Cointelegraph Accelerator and on-chain data aggregator Addressable. This side event explored important questions about the current state of the blockchain industry and decentralized technologies.

With nearly 150 attendees, from journalists to venture capitalists to entrepreneurs, the event discussed the biggest narrative shift happening before our eyes — the shift from building more layer 1, layer 2, and other infrastructure to investing in consumer cryptodecentralized applications (DApps) that can drive true mass adoption. took it.

The event centered around the current state of the crypto industry and what happens when the “infrastructure bubble” bursts. Speakers including Fabric Ventures’ Richard Muirhead, Spartan Capital’s Kelvin Koh, and Sweat Economy co-founder Oleg Fomenko discussed the state of the industry.

During the sessions, industry leaders challenged each other and made bold predictions about what will drive success and mass adoption. Key issues included “The Future of Consumer Crypto”; Here, they discussed mobile deployment, creating better user experiences, and focusing on use cases that solve everyday users’ problems to accelerate industry mass adoption.

“Billion User Race: Which DApp Will Be First?” The panel, titled, explored how DApps can attract mass consumer attention. Another session, “Narratives for Deploying the Next Billion People,” offered a roadmap for scaling the blockchain ecosystem by examining marketing strategies for mainstream crypto adoption.

An eye-catching announcement from the Sweat Wallet team introduced their ambitious multi-chain development project. This new feature will allow over 17 million SWEAT token holders and 3 million monthly active users on Sweat Wallet to easily transfer tokens between six chains using just an account, key and token.

According to Oleg Fomenko, the wallet innovation will provide a seamless user experience and serve as a gateway to bring Web2 users to Web3. Fomenko stated that he believes physical movement will be the basis of a movement economy as large as the $7 trillion attention economy, and he aims to create products to attract users.

“We believe the consumer is the future of crypto and we will not stop building for users. “With Near’s chain abstraction technology, we are launching a seamless multi-chain experience on Sweat Wallet, where we expect to see massive growth in users and adoption of the SWEAT token.”

Chain abstraction technology was also highlighted at the event in a forum where Proximity Labs (Near), Everclear, and Particle Network came together to share insights on these solutions.

The panelists were expected to agree that chain abstraction will bring more competition among DApps, which will encourage developers to develop applications with higher quality and higher user experience.

They argued that by simplifying cross-chain interaction, the industry could overcome barriers to entry and encourage greater mainstream participation.

The side event concluded with the keynote speech by Misha Lederman, Sweat’s chief marketing officer (CMO). Lederman presented the company’s vision for the movement economy by combining the intrinsic value of physical movement with technological innovation and academic research.

Lederman emphasized that physical activity has a measurable economic value, and this value is supported by recent research by the University of Birmingham, the University of Cadiz and the Blockchain Research Laboratory (BRL).

By quantifying that daily physical movement (10,000 steps) is worth a median of approximately $3.96 according to academic research results, Sweat aims to redefine how society values ​​daily physical movement and position the movement economy as a market that can ultimately compete with the $7 trillion attention economy.

This vision underscores Sweat’s commitment to leading the next wave of crypto adoption by building a new movement-driven economy. The “Beyond the Infrastructure Bubble” side event at Token2049 aimed to deliver a user-focused and simple experience, highlighting the importance of collaboration and questioning the status quo.

Pioneered by products like Sweat Wallet, the blockchain future is increasingly focused on consumer adoption and ease of use.