Blockchain industry: Navigating The Crypto Winter

Changes in business happen fast and frequently, and the future is quite uncertain. As the world economy is facing a looming recession, the blockchain industry is also entering what is called “winter time”. The momentum of blockchain tech adoption is slowing down; companies might be forced to shelve technology projects as they seek to keep business operations stay afloat. However, the value of blockchain technology is believed to be long-lasting, and the future is still ahead of us. Eyeing the market and its potential disruption, in this event, we will discuss:

  • The future of development in the blockchain-based business
  • Overview of investment in blockchain-based business
  • How blockchain companies should prepare to survive the long winter time

We would like to invite you to join us via the Zoom meeting at 9:30 AM (GMT+7) Wednesday, June 16th, 20222, by registering here.


Pradyumna Agrawal (Prady) is a Managing Director at Temasek and is responsible for Temasek’s blockchain venture building efforts and investments, with a focus on programmable money, digital asset tokenisation, decentralised identity and data, and Web 3 applications.

Prady is a Founding Team Member of LemmaTree, Affinidi, GoodWorker, Trustana, Menyala, Marketnode and Partior, and represents Temasek on the Boards of these companies. He is also a Board Member of Pine Labs.

Prady joined Temasek in 2013 and before his current role, he was involved in global financial services investing at Temasek, including the Americas, Southeast Asia, India, Middle East and Africa.

Prior to joining Temasek, Prady was with Morgan Stanley as Vice President, Investment Banking. He started his career as an Analyst with Sharad Dalal & Co and has worked at Arthur Andersen and Ernst & Young.

Prady graduated with a Bachelor of Commerce from University of Mumbai, is a qualified Chartered Accountant from India and holds a Master of Business Administration from Indian Institute of Management, Ahmedabad.

Trung is the Co-Founder and CEO of Sky Mavis. At Sky Mavis, Trung and his team build products that have the potential to educate millions of people about how to interact with blockchain technology through fascinating games and applications. He is involved in all key decisions from product to marketing at Sky Mavis, and leads the company in Vietnam.

Trung was a student in computer science at FPT University. He represented Vietnam to join the programming contest ACM-ICPC World Final 2014 held in Yekaterinburg, Russia. In 2012, at the age of 19, Trung co-founded popular social network & e-commerce Lozi.  He left the company in 2015, had a stint at Trusting Social for three months, and then spent nearly three years working as a software engineer for Anduin Transactions, a Silicon Valley-based company with a platform that makes investment deals faster, more efficient, and more transparent.

Loi Luu is Founder and Chairman of Kyber Network, an on-chain decentralised trading protocol for cryptocurrencies. He earned his PhD in Computer Science from National University of Singapore, where he worked to improve the base technical layers, namely decentralisation, scalability and security for the public blockchain infrastructure. To date, his work benefits many blockchain companies and projects world wide and collectively these companies are worth more than tens of billions of US dollars. Loi was also selected in the Forbes 30 under 30 list for Asia, and Top 10 Innovators under 35 for Asia Pacific by MIT Technology Reviews.
Thanh Le was an embedded system engineer, his first start-up was a research lab at university. He, with friends at the lab, co-founded a business to provide services related to software engineering to other companies in Europe, the Middle East, etc. His second start-up was an e-commerce brand to work with Alibaba and sell products on Amazon.

In 2017, Thanh was into the crypto market and started finding opportunities. Initially, Coin98 was just a research team to find investment opportunities. Over time, the market went down, many left the market, but he and the team believed in blockchain technology. He switched part-time to full-time, focusing on developing the Coin98 company until today.

Mr. Kelly Wong is currently the Vice President of Game Entertainment at VNG. Having lived and worked in Vietnam since 2004, Mr. Wong has held leadership positions in HSBC Vietnam, Ho Chi Minh Securities, and KIDO Group (formerly Kinh Do Corporation). His areas of expertise are primarily in Finance where he has developed a strong track record in investments, M&A advisory, corporate finance, and finance operations.

Beyond this, Mr. Wong is also the Executive Chairman of Red Wok Investments (RWI) and a Board Advisor to many large corporates covering a large range of industries.

Over the past 15 years, Mr. Wong has been active in many non-profit organizations, including a board member of SEO Vietnam which focuses on building leadership capacity for young Vietnamese, and was previously President of the Canadian Chamber of Commerce in helping to promote Canadian business in Vietnam.