FTX exchange announced as naming rights sponsor of Australian Blockchain Week

“The mainstream moment has arrived”

He added that the upcoming five-day event will be a “watershed moment” for the local blockchain industry.

“Blockchain Week will be a turning point for the Australian blockchain ecosystem. The mainstream moment has arrived.of […] The event was the largest of its kind ever held in Australia.” Valas wrote.

The deal comes at a time when the local blockchain sector is still evolving and looking to reach the mainstream. In a statement included in Blockchain Australia’s announcement post, Vallas praised the timing of the festival.

“Growing interest in blockchain technology by major financial institutions and signs of increased regulation in the industry mean that this year’s event comes at a crucial time for all players in this market.” Vallas said in a shared post:

The FTX chief executive has called the Australian crypto ecosystem “vibrating and innovative.” Bankman-Fried said the exchange plans to foster and advance the growth of this blockchain space, and the partnership is the first effort in line with this goal.

“We look forward to contributing to the debate to develop local industries, enhance consumer protection and protection, and enable financial institutions to evolve and thrive in the cryptocurrency industry.” FTX Chief said:

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This free and inclusive event will be held in six Australian cities: Adelaide, Brisbane, Launceston, Melbourne, Perth and Sydney. It will also be shared with a global audience through broadcasting.

This latest deal concluded by the global crypto exchange is an attempt to reach out to Australian residents. The development follows an announcement from Crypto.com targeting the Australian market.