Southeast Asia, where more than half of the population is under 30, is a sought-after market for cutting-edge technologies. Several nations in the area, like Singapore and Vietnam, have some of the highest rates of cryptocurrency adoption worldwide. Due to its large (270 million-strong) population and thriving Web 2.0 sector, Indonesia is regarded to have significant potential for Web3 adoption. Recently, SerMorpheus secured a $2.5 million seed investment to develop a simple platform for companies to produce NFTs. On the site, users may trade and purchase digital assets using rupiah, the native currency. About 27,000 people have so far used the programme to obtain concert tickets, exclusive fan bonuses from celebrities, and other items.
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