Lisk partners with Indonesian government to launch Ignit3 Web3 program

Lisk (CRYPTO:LSK), a Layer 2 blockchain focused on advancing Web3 adoption in emerging markets, has announced a partnership with Gerakan Nasional 1000 Startup Digital, an initiative by Indonesia’s Directorate General of Informatics Applications of the Ministry of Communications and Informatics Technology.

This collaboration has resulted in the launch of Ignit3, Indonesia’s first government-supported Web3 program, which aims to accelerate the growth of the local Web3 startup ecosystem by providing essential resources, mentorship, and networking opportunities to entrepreneurs.

The Ignit3 program was officially introduced at a special side event hosted by Lisk during Coinfest Asia 2024 in Bali on August 22nd.

This event highlighted the program’s objectives and the opportunities it presents for involvement, marking a significant milestone in the promotion of Web3 technology in Indonesia.

The partnership between Lisk and Gerakan Nasional 1000 Startup Digital is designed to support and scale Web3 projects in Indonesia.

By leveraging government backing, the collaboration aims to foster a thriving Web3 ecosystem, combining Lisk’s blockchain expertise with strategic guidance from the Indonesian government.

The initiative seeks to enhance local innovation and drive the future of blockchain technology in the region.

Dominic Schwenter, COO of Lisk, emphasised the importance of this partnership, noting that it demonstrates Lisk’s commitment to advancing Web3 innovation in Southeast Asia.

The collaboration aims to empower developers, promote financial inclusion, and build a robust Web3 community in the region.

In addition to Ignit3, Lisk continues to participate actively in Coinfest Asia 2024, including sponsoring the Real World Asset track at the ETHSEA Hackathon.

This further illustrates Lisk’s dedication to supporting the Ethereum Southeast Asia community and nurturing emerging Web3 developers.

The Ignit3 program and other initiatives by Lisk are designed to bridge the knowledge gap in blockchain technology and support the growth of real-world applications in emerging markets, ensuring their efficient operation on Ethereum (CRYPTO:ETH).

At the time of writing, the Lisk (LSK) price was $0.8909.