As of October 1, 2024, data from the Financial Services Authority (OJK) reveals that Indonesia has reached 20.9 million crypto investors. Additionally, a recent report from Chainalysis highlights that Indonesia ranks third globally in crypto adoption, following Nigeria and India.

Despite this impressive growth, the landscape is primarily populated by crypto traders and Web3 enthusiasts, with centralized exchanges dominating the market. This has created a challenging environment for Web3 builders, resulting in limited growth of on-chain applications developed by Indonesian innovators.

In response to this phenomenon, we are proud to introduce ID BUIDL, a platform designed to empower Web3 builders. Our mission is to foster collaboration, share challenges, and expand networks among builders, ultimately driving innovation within the Indonesian web3 ecosystem.