Introduction
Tiger Research spent two weeks on the ground in Vietnam, conducting interviews with various industry experts and leaders about the Vietnamese blockchain market. These interactions greatly assisted in understanding the unique and complex dynamics specific to the Vietnamese market, providing invaluable insights. In this piece, we aim to introduce our partners that helped us uncover the Vietnam Blockchain MArket. These market leaders, with their exemplary builders, have demonstrated a tireless dedication, even in the face of the crypto winter. We express our gratitude to these partners for illuminating the resilient efforts.
Web3 Leaders and Builders in Vietnam
Sotatek
Established in 2015, Sotatek is a global firm offering Web 3.0 consulting and Software Development as a Service (SDaaS). With thousands of blockchain experts and one of the largest pools of skilled resources in the industry, Sotatek supports businesses in forming decentralized strategies and developing large-scale Web 3.0 solutions. The company is pioneering the blockchain market in Vietnam, collaborating with the country's Ministry of Education and Training to implement blockchain technology in areas like degree and certificate issuance.
Coin98
Coin98 is a company that provides a one-stop platform for supporting the DeFi ecosystem. With a suite of services that include a decentralized exchange (DEX), staking, and lending protocols, Coin98 has made its mark in Vietnam. It is the creator of the Coin98 Wallet, a non-custodial wallet with a significant market share in the country. Recently, Coin98 has expanded its services by acquiring TomoChain, a Vietnam-based L1 blockchain, the Web 3.0 login service Ramper, and the NFT-based Web 3.0 game company, CyBall.
TomoChain
Launched in 2018, TomoChain is an L1 mainnet designed to address the scalability issues of Ethereum. Powered by Proof-of-Stake Voting (PoSV), TomoChain adopts a community-centric approach facilitated by voting. The mainnet stands out for its technical prowess, achieving 2,000 transactions per second, a 2-second block time, and gas fees under a dollar, all without compromising decentralization. TomoChain also partners with the Vietnamese government as the chosen blockchain storage for the Ministry of Education's certificates and diplomas.
MetaTech
MetaTech is a team dedicated to identifying and supporting Web 3.0 projects with high future potential in areas like GameFi and DeFi. By providing insights and experiences from the early stages, MetaTech ensures these projects can realize their full potential. Additionally, the team runs the MetaTech Insight research firm, providing key insights to companies targeting the Southeast Asian markets, including Vietnam.
Icetea Labs
Icetea Labs is Asia's leading Web 3.0 game incubator and proprietor of a Web 3.0 game infrastructure. With a life-cycle ecosystem that includes Web 3.0 infrastructure and a launchpad, Icetea Labs not only invests and incubates early-stage projects but also provides platform services to help these projects start and smoothly operate their communities. The infrastructure at Icetea Labs includes the gaming-specialized L1 blockchain 'Firebird', and the all-in-one Web 3.0 game hub 'GameFi.org'.
GameFi.org
GameFi.org is a one-stop hub platform for Web 3.0 games. The platform's ecosystem includes a launchpad, marketplace, game hub, and guild among various other services. GameFi.org facilitates onboarding of many Web 2.0 users to Web 3.0 games through its user-friendly operations. Furthermore, it functions as an investment platform for game developers, aiding them in receiving funding to develop high-quality games.
Ancient8
Ancient8 is Vietnam's largest blockchain game guild. The guild offers a Research Portal for sharing information related to blockchain games, operates a launchpad platform that connects investors with game developers, and manages a community. Ancient8 is also developing GameFi-specific infrastructure, including software to manage game guilds, thereby contributing to the vitality of the GameFi ecosystem.
Kyber Network
Kyber Network operates a multi-chain based DeFi protocol, running a renowned DEX aggregator and liquidity platform called Kyber Swap. Kyber Network is working to solve DeFi's chronic liquidity issue and aims to create an environment where all tokens can be used anywhere. Additionally, through Kyber Ventures, they are incubating diverse Web 3.0 projects, contributing to the overall vitality of the Web 3.0 ecosystem.
Remitano
Remitano is a company that provides services related to cryptocurrency transactions. The firm focuses on an escrow P2P platform service, making it simple and safe for people to trade cryptocurrencies. Along with token swaps and gift card trades, Remitano offers a broad spectrum of services. With its user-friendly interface and low transaction fees, the platform is actively used in Vietnam and over 30 other countries, demonstrating its global reach.
RENEC Foudation
RENEC Foundation operates the L1 blockchain 'RENEC Blockchain' and the 'RENEC Token'. The foundation is committed to creating an open and transparent decentralized platform through blockchain technology and constructs and provides various Web 3.0 applications, such as DEX and Web 3.0 wallets. In addition, the RENEC Token is extended to the Remitano exchange ecosystem, offering discounts on transaction fees when exchanged with other cryptocurrencies on the Remitano exchange.
