BUIDL is a term that refers to the concept of actively contributing to and building the blockchain and cryptocurrency ecosystem. It is an intentional misspelling of the word "BUILD" similar to HODL that entered the crypto vocabulary in 2018. ^[1][2][3]

Overview

The notion of "BUIDL" encourages crypto enthusiasts to contribute to the growth and enhancement of the blockchain ecosystem. This idea emerged in response to the tendency of individuals entering the crypto space primarily for wealth accumulation or protection, often without a deep understanding of or willingness to contribute to the cryptocurrency and blockchain ecosystem. Therefore, BUIDL is an embodiment of the Web3 spirit that stresses creating value, creating applications (DApps), creating new Web3 businesses, and improving blockchain functionality.^[1]

The BUIDL movement advocates for active participation in the cryptocurrency space, emphasizing the importance of contributing to adoption and ecosystem enhancement, rather than solely focusing on accumulating or trading cryptocurrencies. ^[3]

The activities involved in BUIDLing the cryptocurrency ecosystem include using cryptocurrencies for their intended use, beta project testing, playing blockchain games, using smart contracts, writing articles, creating new cryptocurrencies, building decentralized apps (DApps), creating crypto wallets, exploring Web3 ideas, and designing NFTs. ^[1][4][6]

While the exact origin of the term remains unclear, prominent figures within the blockchain and crypto industry frequently use it to endorse the comprehensive advancement of the ecosystem. In 2018, Vitalik Buterin, the founder of Ethereum, used "BUIDL" in his tweets to reference Ethereum's progress. Changpeng Zhao, the founder of Binance, similarly employs the term to inspire the crypto community to actively contribute to the ecosystem rather than solely focusing on HODLing.

BUIDL Network

The BUIDL Network represents a community of Ethereum developers. Within this network are advocates, startups, entrepreneurs, and enthusiasts of Ethereum and blockchain technology. Every segment within the community organizes meetups that foster the growth of knowledge and skills among its members. The BUIDL Network aims to be at the forefront of enabling a decentralized future.

In addition to this, there is also a BUIDL Asia conference, which is a technical conference dedicated to sharing technical and business developments in the crypto space. It’s hosted by KryptoSeoul and has been held annually since 2018. The conference provides an opportunity for builders to interact and find diverse opportunities in terms of business development, employment, and insight sharing.^[5][8]