As 2023 reaches its midpoint, we pause to reflect on the eventful developments within #CryptoPH. The industry, rebounding stronger from 2022 and witnessing a fading bear market, has had a dynamic first half.
Today, we bring you an exclusive mid-year review from Philippine blockchain firm — SparkPoint Technologies. Through Duchesne Sarza, Senior Marketing Specialist of SparkPoint, the company shared insightful details about their significant wins, challenges, and future plans.
SparkPoint Mid-Year Review: Key Wins in 2023
What key partnerships, product launches, or strategic decisions would you consider as your organization’s significant wins in the first half of 2023?
SparkTech.Dev has achieved remarkable success in securing numerous clients for our services. While we can’t disclose their names due to active development and NDAs, we are actively onboarding others. This milestone marks the launch of our new division under SparkPoint, where we offer our blockchain expertise to the public, establishing SparkTech.Dev as our flagship offering.
We’ve also forged key partnerships with industry leaders like ApolloX, Game Developers Association of the Philippines (GDAP), Coins.ph, and locally known organizations like Albay ICT Association (AICTA) and Haka Naga—a wide network of technology startups in Bicol, as well as successful product launches like SparkSwap Futures, Multisender app, and SendX on SparkSwap DEX, we reinforce our position as a leader in the DEX space.
Collaborating with local and national IT associations in the Philippines enhances our market reach, and our partnerships with Coins.ph and SparkLearn EdTech drive digital transformation and empower the future workforce. As a core member of GDAP, we offer game development services, contributing to the growth of the local game industry.
(Read more: Coins.ph, Ownly, SparkPoint Explore Collab With Bicol LGU)
Addressing Challenges: SparkPoint Adaptive Strategies
What were the primary challenges your organization faced during the first half of 2023, and how did you address them?
In the first half of 2023, our organization faced significant challenges due to the impact of a bear market in our industry. To overcome this, we took a multi-faceted approach. Firstly, we embraced the current market conditions and shifted our focus towards long-term goals, continuously developing our products and services.
Secondly, we worked on raising public awareness about blockchain’s broader applications beyond cryptocurrencies. We actively participated in industry events, strengthening relationships with government agencies and other players in the region.
Third, we engaged potential clients through personalized meetings, highlighting the benefits of integrating blockchain solutions. Our platform, SparkTech.Dev, was launched to promote blockchain adoption and digitalization.
Lastly, we forged partnerships with established organizations like GDAP, and ApolloX, enhancing our credibility and expanding our reach despite market challenges.
By proactively addressing these challenges and emphasizing development and innovation, education, engagement, adaptability, and collaboration, we successfully navigated the first half of 2023 and emerged stronger, ready to capitalize on future opportunities as the market evolves.
Improvements and Metrics: Comparing 2023 with Previous Years
Is there a specific metric that has significantly improved in the first half of 2023 compared to the previous year?
SparkPoint demonstrated significant improvement in two key areas in the first half of 2023: successful product launches and strategic partnerships, showcasing the team’s dedication and adaptability in an ever-evolving market. While the year 2022 presented its fair share of obstacles, the team’s resilience and determination allowed us to navigate through these challenges. We’ve recognized the importance of setting bigger, long-term goals rather than merely focusing on short-term gains. This shift in mindset and approach allowed us to explore partnerships with other sectors that were not yet involved in the industry.
Through these strategic partnerships, we aimed to showcase our expertise and combined experiences as pioneers in leveraging blockchain technology. Beyond merely being associated with cryptocurrencies, the company sought to empower more businesses, particularly in fostering digital economic growth in rural regions like our own, Bicol Region. As the first half of 2023 progressed, SparkPoint’s focus on bigger goals and collaborative endeavors proved to be a catalyst for significant growth. The metrics of successful product launches and successful partnerships indicated a clear shift towards a stronger and more purpose-driven direction for the company.
Future Trends and Technologies: SparkPoint Future Outlook
Which emerging trends or technologies in the crypto space are you most excited about or planning to incorporate into your future strategies and why?
As a forward-thinking organization, we are already actively engaged in the DeFi (Decentralized Finance) space, recognizing its transformative potential for the financial industry. We understand that DeFi is an emerging solution that continues to evolve and mature rapidly.
We are continuously exploring new DeFi solutions and refining our existing offerings in SparkSwap, to provide our users with innovative and secure DeFi products. Our current engagement in DeFi positions us to stay ahead of the curve and effectively incorporate further advancements in this emerging field into our future strategies.
By being a part of the DeFi space, we have firsthand experience and insights into the opportunities and challenges it presents. Our focus remains on further enhancing the DeFi experience for our users and exploring ways to integrate other emerging trends and technologies, like NFTs, cross-chain interoperability, and improved privacy and security measures, to create a comprehensive and cutting-edge crypto ecosystem.
Goals and Plans for the Second Half of 2023
What are your company’s primary goals and plans for the second half of 2023?
Due to the prevailing market situation since late last year, SparkPoint has undergone a substantial internal realignment of goals, which will continue to be reflected throughout the end of this year and into the first half of 2024. The establishment of SparkTech, along with new networks and partnerships, opens exciting possibilities for reinventing our current lineup of products and services. As we move forward, the focus for the remainder of 2023 will be dedicated to laying the perfect foundation for a successful and innovative 2024. We will diversify further our SparkTech.Dev services, not only limited to Web3 and Blockchain-related solutions, but we will also include Web2 and general IT services, which still has the big market in the PH industry.
These strategic approaches ensure that we can adapt and thrive amidst market fluctuations while delivering cutting-edge solutions to our customers.
For Further Reading:
SparkPoint: https://sparkpoint.io/
SparkTech: https://sparktech.dev/
SparkSwap: https://sparkswap.finance/
Follow us:
Twitter: https://twitter.com/sparkpointio; https://twitter.com/SparkDeFi
Facebook: https://www.facebook.com/sparkpointio
This article is published on BitPinas: SparkPoint Mid-Year 2023: Highlights and Outlook
Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.
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- Source: https://bitpinas.com/feature/sparkpoint-mid-year-review-2023-highlights-and-outlook/
