The Covid-19 pandemic has attracted capital from Vietnamese investors in cryptocurrencies. About 6 million Vietnamese own digital assets.
Blockchain technology, which has become a tool for information storage and security, is not only known in the field of virtual currency but also in other business fields.
The year 2021 was said to be disastrous for many industries but Blockchain boomed during the period as all Blockchain-related indexes grew strongly.
Axie Infinity, one of a few Vietnamese technology startups with global influence, has gained far more value than the Vietnamese game Flappy Bird that was internationally popular a number of years ago.
Vietnamese game producer Sky Mavis, the creator of the blockchain-based game Axie Infinity, has successfully raised US$152 million as part of its Series B funding round, according to Blockworks.
In addition to Axie Infinity, a number of blockchain game projects developed by Vietnamese have attracted many players around the world though they are still in the very early stages of development.
After Axie Infinity, the total capitalization of Coin98 ecosystem has reached the $1 billion mark.
Virtual currency is a new concept in Vietnam. There are many different and confusing names in the market such as virtual money, electronic money, digital currency and cryptocurrency.
Vietnam's latest initiatives on promoting blockchain and studying cryptocurrency application are expected to spark huge interest in the country's potential cryptocurrency future.
The Ministry of Information and Communications, on August 13, held a ceremony to debut the akaChain blockchain platform, as part of a programme introducing “Make in Vietnam” digital platforms.
The Axie Infinity game was made with blockchain technology with a high security level. It generates the highest revenue of any blockchain game in the world.
Truong Hong Thi and his co-workers have created Icetea Platform and are building apps with blockchain technology.
Though artificial intelligence (AI) and machine learning have been making clear progress, Vietnam’s businesses remain skeptical about them.
Amid the fourth industrial revolution (Industry 4.0) many property developers in Vietnam are seeking to adopt digital technology both for enterprise management and in their projects.
Vietnam has been making progress in the field of cybersecurity amid increased attacks on blockchain and cryptocurrency trading floors.