Research Methodology
The Tiger Research team wrote this report based on interviews with various industry experts and leaders during their stay in Thailand from April 21 to 28, 2024, coinciding with 'SEABW 2024,' the largest Web3 event in Southeast Asia. The primary goal was to gain a comprehensive understanding of the unique and complex structure of the Thai Web3 market from a broad perspective. Although the opinions gathered through the interviews occasionally varied among local experts, this diversity of views reflects the market's richness and has enhanced the overall understanding of Thailand's Web3 landscape.
Thailand is the 'Hidden Tiger of Asia' with a balanced Web3 ecosystem. In particular, 1) a well-organized regulatory framework for each digital asset class, 2) a robust Web3 ecosystem centered on large financial companies, and 3) active market participation by retailers make Thailand stand out among Asian countries.
However, not much is actually known about the Thai Web3 market. In this report, we'll take a look at the Thai market, from its historical background to the different sectors of the Web3 market, to reveal the hidden tiger.
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This report has been prepared based on materials believed to be reliable. However, we do not expressly or impliedly warrant the accuracy, completeness, and suitability of the information. We disclaim any liability for any losses arising from the use of this report or its contents. The conclusions and recommendations in this report are based on information available at the time of preparation and are subject to change without notice. All projects, estimates, forecasts, objectives, opinions, and views expressed in this report are subject to change without notice and may differ from or be contrary to the opinions of others or other organizations.
This document is for informational purposes only and should not be considered legal, business, investment, or tax advice. Any references to securities or digital assets are for illustrative purposes only and do not constitute an investment recommendation or an offer to provide investment advisory services. This material is not directed at investors or potential investors.
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