The UAE recently hosted one of the largest crypto events globally, Token2049, which attracted a record 15 000 attendees to Madinat Jumeirah. This conference alternates between Dubai and Singapore and is named after the sci-fi movie Blade Runner 2049. The venue was packed, showcasing the growing interest in the cryptocurrency sector.

Despite facing significant challenges such as scams, price volatility, and money laundering, the mood within the industry was optimistic. Participants at Token2049 celebrated the sector’s rapid growth and welcomed new users, creating an atmosphere filled with excitement and camaraderie. The emirate’s efforts to host major events like Token2049, alongside initiatives like Crypto Tower and Solana City, aim to position Dubai as the world’s crypto capital.

Many attendees referred to the UAE as the “centre of the universe” for cryptocurrency. Speakers and panelists expressed strong support for the region’s crypto-friendly regulations and infrastructure. Notably, Eric Trump, the son of former President Donald Trump, praised Dubai while promoting his father’s “Make America Great Again” agenda, highlighting the significance of the UAE in the global crypto landscape.

The event attracted a vibrant crowd known for their flashy lifestyles, including crypto influencers and representatives from various exchanges. Token2049 served as a prime networking opportunity, where attendees showcased luxury cars and participated in numerous social events throughout the city. Yacht parties and adventurous activities were popular among participants looking to unwind after the day’s events.

The conference gained momentum around lunchtime, reflecting a trend of late-night festivities. During a panel discussion on the UAE’s rise as a global crypto leader, Faisal Al Hammadi, managing partner at Further Ventures, humorously suggested that the crypto community should “party less.”

As the crypto landscape evolves, the influence of social media figures and personalities like Eric Trump has become prominent. His engaging presentation at Token2049 resonated with attendees, as he lauded both the UAE and the crypto sector, balancing his family’s interests with positive remarks about the region’s potential. Eric Trump pointed out that the UAE’s swift approach to decision-making is a “beautiful thing,” showcasing its importance in the global crypto ecosystem.

Justin Harper, an award-winning business journalist with over 20 years of experience, contributed to this coverage, reflecting on the dynamic intersection of cryptocurrency and lifestyle at this significant event.