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Lisk Partners with Indonesia to Boost Web3 Startup Ecosystem

By February 27, 2024 No Comments

A leading Layer-2 blockchain platform, Lisk, has announced a strategic partnership with the Directorate General of Informatics Applications of the Ministry of Communications & Informatics Technology of Indonesia (DGIA MCIT) in an effort to nurture the country’s nascent Web3 startup ecosystem.

The collaboration will see Lisk provide funding, mentorship, and its underlying developer platform to Web3 startups operating under DGIA MCIT’s ‘1000 Startup Digital Program’. The program aims to build digital talent and solutions while catalyzing a robust startup ecosystem across Indonesia.

“At Lisk, we have been democratizing blockchain tech since our beginning in 2016. As we move into our next chapter as a Layer 2 focused on helping builders in Emerging Markets, we are looking forward to this unique opportunity to work in Indonesia alongside strong partners like DGIA MCIT.”

—said Max Kordek, Founder of Lisk.

What are Lisk’s Goals?

In addition, Lisk plans on working with DGIA MCIT to offer educational materials on Web3 technologies to budding Indonesian entrepreneurs. The goal is to bridge the knowledge gap by offering a blended learning experience through Lisk’s ‘Introduction to Blockchain’ course that covers consensus mechanisms, network structures, and use cases.

“This collaboration is not just an agreement; it’s a visionary step towards fostering innovation, knowledge-sharing, and empowerment in blockchain technology. We intend to collaborate to educate, encourage innovation, and empower Indonesian entrepreneurs with the skills needed to harness blockchain technology effectively.”

—said Semuel A. Pangerapan, Director General of Informatics Applications.

Lisk and Indonesia to Nurture Web3 Startup

The partnership aligns with DGIA MCIT’s objectives to provide crucial support across various stages of development through Bootstrap Grants, mentorship opportunities, community-building initiatives, and promotional efforts. Lisk’s role demonstrates its commitment to nurturing a thriving Web3 ecosystem within the 1000 Startup Digital Program.

For Lisk, Indonesia represents an important emerging market for Web3 innovation, especially solutions leveraging real-world assets (RWA), off-chain assets (OCA), and decentralized physical infrastructure networks (DePIN) that address local needs. The collaboration reaffirms Lisk’s strategic focus on empowering builders in emerging markets.

Lisk’s provision of funding, education, and support could help catalyze blockchain innovation in Indonesia. The partnership illustrates the potential of public-private collaborations in developing economies to boost digital transformation and economic development.

Lisk Price Prediction

The current $LSK price is $1.41, up 5.3% in the last 24h hours with a trading volume of $42 million. Lisk has a market capitalization of $181.69 million and occupies the 252th position in market cap rankings.

Lisk (LSK) price

According to our AI mechanism, LSK is expected to reach $1.81 in the next 1 month.

Lisk (LSK) price prediction


The strategic partnership between Lisk and the Directorate General of Informatics Applications of the Ministry of Communications & Informatics Technology of Indonesia (DGIA MCIT) marks a significant milestone in the evolution of Indonesia’s Web3 startup ecosystem. Through this collaboration, Lisk aims to democratize access to blockchain technology by providing funding, mentorship, and educational resources to emerging Indonesian entrepreneurs within the ‘1000 Startup Digital Program’. This initiative showcases Lisk’s commitment to supporting Web3 innovation in emerging markets.