Crypto assets can generate over $100b in Pakistan by next 20 years

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The potential of crypto assets in Pakistan can generate over $100 billion in total income for technology talent over the next twenty years, contributing significantly to the national economy.

The last few months have exponentially increased societal, investor, and policy interest in crypto, blockchain, and Web 3.0 technologies because Pakistan ranks third in terms of crypto adoption in the Chainalysis 2021 Global Crypto Adoption Index.

These observations were expressed by speakers at Pakistan’s largest Web 3.0 and blockchain event titled “W3B Summit” held at the National Incubation Center (NIC) here.

It was attended by leading entrepreneurs, corporate leaders, technology professionals, and students. The summit was organized by Teamup and National Incubation Center in partnership with S&P Global and Fasset. The event aimed to lay down the foundation for emerging technologies in Pakistan.

Zouhair Khaliq, former CEO of Jazz, a veteran corporate executive, and Founding Partner, Teamup & National Incubation Center Pakistan, welcomed the guests and delegates at the summit. He highlighted the role of the National Incubation Center, “I am glad to see NIC catalyzing innovation in Pakistan and this event is part of our attempts to turn Pakistan into a tech destination. There is tremendous potential in this field, and we must ensure Pakistan’s place in this rapidly developing landscape.”

Mujeeb Zahur, Managing Director S&P Global shared his firm belief in understanding and supporting the development of technology as the best way forward, “Technology is the only field that gives your economy and social progress an instant boost irrespective of your geo-political situation. —APP