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What Made QuillAudits The Star of CoinFest Bali?

Published on: October 14, 20247 Mins Read

Author:QuillAudits Team

If you're into Web3, then Coinfest Bali was the place to be. With its tropical backdrop and buzzing energy, this year’s Coinfest Asia boasted over 7,000 attendees, more than 200 speakers, and representation from 90+ countries.

QuillAudits was right in the middle of the action, mingling with the who's who of the Web3 world, absorbing fresh trends, and contributing to some absolute W discussions around the future of blockchain security.

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CoinFest Bali Was Not Your Average Conference

First, let’s get one thing straight.

Coinfest Bali isn’t your typical conference with stuffy booths and endless PowerPoints. It’s a festival, that transcends the limits of Web2 & Web3; where innovation collides with adoption in real-time.

Everyone from devs to founders and investors gathered to explore what’s hot and what’s coming next in the decentralized world.

Panel Talk: DePIN & AI

QuillAudits took to the stage during the highly anticipated panel discussion on DePIN (Decentralized Physical Infrastructure Networks) and AI.

The convo was all about how these emerging technologies can coexist and benefit from enhanced security practices, particularly as the physical world merges with decentralized digital infra.

We made it clear that as DePIN projects grow, security isn’t just an option; it’s a necessity. Data integrity, infrastructure safety, and reliable protocols were at the forefront of the discussion, and we highlighted our role in ensuring that these projects remain tamper-proof and trustworthy.

As QuillAudits, our message was simple: Security is the foundation for innovation.



GameFi, DePIN, & RWA Were The Talk of the Town

One thing that was undeniably trending at Coinfest Bali was the explosion of GameFi, DePIN, and Real-World Asset (RWA) projects.

Whether it was chatting about how to secure these cutting-edge platforms or exploring new ways to collaborate, the potential was palpable.

  • GameFi: The hype around GameFi is real. As more games integrate decentralized economies, the need for secure smart contracts and seamless tokenomics becomes a critical factor for success. We’re seeing a surge in projects that are pushing the boundaries of what’s possible in blockchain-based gaming.
     
  • DePIN: Projects focused on physical infrastructure decentralization were also trending. Whether it's decentralized storage, communication networks, or logistics, these systems demand robust security, especially as they connect physical assets to blockchain.
     
  • RWA: Real-world assets on the blockchain are gaining traction. The concept of tokenizing assets like real estate or commodities is no longer theoretical; it’s happening now, and we were there to discuss how we can play a crucial role in making these systems secure and fraud-resistant.

 

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How’s the Regulatory Scene in Indonesia?

Indonesia isn’t known for being a Web3 haven yet. Government support is still catching up, but there’s hope on the horizon.

Regulations are slowly rolling out. While the Web3 ecosystem isn’t flourishing at the same scale as in other countries, the tide is turning.

Many at the festival seemed optimistic about the direction things are heading.


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What the People Had to Say About The Event

Bull markets are the best time to push yourself to newer heights — a sentiment echoed by many at Coinfest.

The general atmosphere was electric, with optimism running high. Everyone is prepping for the next big surge in the market, and we were no exception.

Attendees were looking to build, innovate, and secure their platforms for the future, and our role as a trusted security partner fit right into these ambitions.

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QuillAudits Events & Sponsorships

We didn’t just attend Coinfest Bali; we were deeply involved.

Aside from speaking on the panel, we also hosted side events that brought together developers, entrepreneurs, and investors to discuss all things security.

We sponsored a few events and offered grants to projects that caught our eye, ensuring that innovation could continue safely and securely.



Side Events We Attended

  • Bitcoin Brunch by Bitcoin House: It was a casual meetup where ideas flowed as freely as the coffee. Main topic of the convo was Bitcoin Self-Custody - Why is it important? Was super fun being able to connect with some really cool people working in the industry.
     
  • The RWA Bay by MANTRA Chain: Was an event focused on the burgeoning RWA landscape, highlighting its significance in the Web3 ecosystem. Connected & talked to speakers of the event: Ainsley Yeung, Matthew Livesley, & John Patrick Mullin from the MANTRA team.
     
  • Bitcoin Round Table by Symbiote: A discussion forum on the future of Bitcoin and its infrastructure. Met folks from Nakamoto Hub, RiskLayer, Symbiote, YieldFi, & HyperionX. Connected & spoke to Yoann Turpin, Co-founder at Wintermute, Abel Seow, BitGo's Head of APAC, Victor Ji, Co-founder at Manta Network, Serge Ajamian, Armonio Liang, Andrew Riady, Sirada Lorhpipat,& Vincent Song.
     
  • VNTR Investor Round Table ICP: We had some insightful conversations with investors about the latest in the ICP space. Met & connected with Yuri Rabinovich; Founder and Managing Partner at VNTR Capital & our host Gaurav Sharma from VNTR Capital team.
     
  • Indonads Meetup 2024: Got a chance to engage with local talent and ideas in the Indonesian Web3 scene.

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Coinfest Bali: Weather, Vibes, & Community

What’s a Web3 festival without a fantastic location? Bali provided the perfect setting.

The weather was on point, and the laid-back island vibes made for a relaxing yet productive atmosphere.

The event’s informal approach allowed for genuine, meaningful conversations—a breath of fresh air compared to the often stiff and formal nature of traditional conferences.

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QuillAudits Team

The QuillAudits team, comprises of expert security researchers & auditors in Web3 security, has completed 1,000+ audits across Ethereum, Polygon, Solana, Arbitrum, BSC, and more, securing $30B+ with 0 exploits, advancing the blockchain ecosystem

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