Incoming: Hot Desk Wednesdays. Come build (and work) with us. Free desk, good people, connection guaranteed. October 28 → November 4 → November 11 → Spots limited, registration recommended.

Despite hazy conditions and low visibility, the past week at @token2049 Singapore has cleared away any doubts about the path ahead for crypto. Here are some of our key takeaways: Overall Event Much larger institutional presence across the conference as compared to previous years. Though the number of side events have declined, private gatherings and dinners still remain of high quality. Tokenization & RWAs Tokenization and RWAs remain at the top of everyone's minds, and the main subject of discussion. Further institutionalization of the industry in the near future is consensus, and we should expect even more suits at future conferences. Interest in yield products built around tokenized RWAs like funds and structured products is building, though distribution to the masses remains limited. Derivatives @HyperliquidX remains king, and related events were heavily subscribed to and widely raved about. HIP-4 seems to be the next product poised for growth, and eyes are on teams like @Outcomexyz. Outside of perps, options have also drastically increased in mindshare, with @DeriveXYZ leading the pack. Despite the sector's limited adoption in the past, this could prove to be its breakthrough moment. Teams like @TheRiskProtocol are also working on incorporating options while completely abstracting them from the end user. AI & Agents @prlnet was the talk of the town, amongst both funds and retail traders. Slightly mysterious and hard to acquire (reminiscent of @bittensor's early days), but it did not slow buyers down at all. Trading still remains the largest focus for agents, whether for spot, perps, or prediction markets. Cards & Payments @ethena and @ether_fi seemed to be the top 2 solutions for overseas attendees. Ethena's localized approach with Grab was extremely effective and also received praise from locals. Quantum @NEARProtocol and @QuantusNetwork's Quantum + Privacy Day was the conference's largest quantum event, discussing crypto's migration to quantum-safe, privacy preserving infrastructure. @drakefjustin's sudden tweet played a large part in driving conversations around an imminent Qday and the need for quantum resistant solutions. We expect this to be a larger area of interest in the coming future. Thankful for the past two weeks of conferences and conversations with both builders and investors! As always, our DMs are open :-)