{"id":"buidl","version":1,"language":"en","title":"BUIDL","hidden":false,"content":"**BUIDL** is a term that refers to the concept of actively contributing to and building the [blockchain](https://iq.wiki/wiki/blockchain) and [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) ecosystem. It is an intentional misspelling of the word \"BUILD\" similar to [HODL](https://iq.wiki/wiki/hodl) that entered the crypto vocabulary in 2018. [\\[1\\]](#cite-id-j1twx2q1hs)[\\[2\\]](#cite-id-5h7ex6qghp7)[\\[3\\]](#cite-id-46l3cw0xkzh)  \n$$widget0 [YOUTUBE@VID](fmLy1t_vGKE)$$  \n  \n## Overview  \n  \nThe notion of \"BUIDL\" encourages crypto enthusiasts to contribute to the growth and enhancement of the [blockchain](https://iq.wiki/wiki/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](https://iq.wiki/wiki/web3) spirit that stresses creating value, creating applications (DApps), creating new [Web3](https://iq.wiki/wiki/web3) businesses, and improving [blockchain](https://iq.wiki/wiki/blockchain) functionality.[\\[1\\]](#cite-id-j1twx2q1hs)  \n  \nThe BUIDL movement advocates for active participation in the [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) space, emphasizing the importance of contributing to adoption and ecosystem enhancement, rather than solely focusing on accumulating or trading cryptocurrencies. [\\[3\\]](#cite-id-46l3cw0xkzh)  \n  \nThe activities involved in BUIDLing the cryptocurrency ecosystem include using cryptocurrencies for their intended use, beta project testing, playing [blockchain](https://iq.wiki/wiki/blockchain) games, using [smart contracts](https://iq.wiki/wiki/smart-contract), writing articles, creating new cryptocurrencies, building [decentralized apps](https://iq.wiki/wiki/decentralized-application) (DApps), creating crypto wallets, exploring [Web3](https://iq.wiki/wiki/web3) ideas, and designing [NFTs](https://iq.wiki/wiki/non-fungible-token-nft). [\\[1\\]](#cite-id-j1twx2q1hs)[\\[4\\]](#cite-id-8y0lv5du9tg)[\\[6\\]](#cite-id-74cjacgm2vn)  \n  \nWhile 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](https://iq.wiki/wiki/vitalik-buterin), the founder of [Ethereum](https://iq.wiki/wiki/ethereum), used \"BUIDL\" in his tweets to reference [Ethereum's](https://iq.wiki/wiki/ethereum) progress. [Changpeng Zhao](https://iq.wiki/wiki/changpeng-zhao), the founder of [Binance](https://iq.wiki/wiki/binance), similarly employs the term to inspire the crypto community to actively contribute to the ecosystem rather than solely focusing on [HODLing](https://iq.wiki/wiki/hodl).  \n  \n## BUIDL Network  \n  \nThe BUIDL Network represents a community of [Ethereum](https://iq.wiki/wiki/ethereum) developers. Within this network are advocates, startups, entrepreneurs, and enthusiasts of [Ethereum](https://iq.wiki/wiki/ethereum) and [blockchain technology](https://iq.wiki/wiki/blockchain). 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.  \n  \nIn 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](https://iq.wiki/wiki/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\\]](#cite-id-c2fyp4e2bzg)[\\[8\\]](#cite-id-wz6mq4y31oe)  \n$$widget0 [YOUTUBE@VID](cM2FDxjKgLo)$$","summary":"BUIDL is a term in the cryptocurrency ecosystem promoting active contribution and expansion of the blockchain, particularly in Web3, metaverse, and blockchain functionality.","categories":[{"id":"defi","title":"Decentralized Finance"}],"promoted":0,"tags":[{"id":"Glossary"}],"metadata":[{"id":"references","value":"[{\"id\":\"j1twx2q1hs\",\"url\":\"https://phemex.com/blogs/what-does-buidl-mean\",\"description\":\"What Does BUIDL Mean? Exploring Crypto Lexicon\",\"timestamp\":1693126831851},{\"id\":\"5h7ex6qghp7\",\"url\":\"https://www.bitdegree.org/crypto/learn/crypto-terms/what-does-buidl-mean\",\"description\":\"What does BUIDL mean?\",\"timestamp\":1693126863141},{\"id\":\"46l3cw0xkzh\",\"url\":\"https://academy.binance.com/en/glossary/buidl\",\"description\":\"BUIDL\",\"timestamp\":1693126889971},{\"id\":\"8y0lv5du9tg\",\"url\":\"https://bitkan.com/learn/what-is-buidl-meaning-121\",\"description\":\"What is BUIDL meaning\",\"timestamp\":1693128623692},{\"id\":\"c2fyp4e2bzg\",\"url\":\"https://consensys.net/developers/buidlnetwork/\",\"description\":\"The BUIDL Network\",\"timestamp\":1693129256508},{\"id\":\"74cjacgm2vn\",\"url\":\"https://learn.bybit.com/glossary/definition-buidl/\",\"description\":\"BUIDL\",\"timestamp\":1693129374469},{\"id\":\"yvrw3f6qem\",\"url\":\"https://metaschool.so/articles/buidl-crypto-meaning/\",\"description\":\"BUIDL\",\"timestamp\":1693201797488},{\"id\":\"wz6mq4y31oe\",\"url\":\"https://www.buidl.asia/\",\"description\":\"KryptoSeoul - BUIDL ASIA 2023\",\"timestamp\":1696592721599},{\"id\":\"gtwdeqv2xmd\",\"url\":\"https://www.consensys.net/developers/buidlnetwork/\",\"description\":\"COnsensys - What Is the BUIDL Network?\",\"timestamp\":1696594034134}]"},{"id":"previous_cid","value":"QmZa172P6vjqt84f5UUL8axL5TkwE7wDxS97K8KRCAv3tn"}],"user":{"id":"0x6753061a4cffbc0A617e57E956A298D88702a94B"},"author":{"id":"0x8eBEb49FEFC02bd8C053F588F58A85e72E4cF9C9","profile":{"username":"Tobiloba_Ogunwusi","avatar":""}},"media":[{"name":"fmLy1t_vGKE","id":"https://www.youtube.com/watch?v=fmLy1t_vGKE","size":"0","type":null,"source":"YOUTUBE"},{"name":"wB_XwSZsHd8","id":"https://www.youtube.com/watch?v=wB_XwSZsHd8","size":"0","type":null,"source":"YOUTUBE"},{"name":"fmLy1t_vGKE","id":"https://www.youtube.com/watch?v=fmLy1t_vGKE","size":"0","type":null,"source":"YOUTUBE"},{"name":"cM2FDxjKgLo","id":"https://www.youtube.com/watch?v=cM2FDxjKgLo","size":"0","type":null,"source":"YOUTUBE"}],"views":20,"events":[],"ipfs":"QmZa172P6vjqt84f5UUL8axL5TkwE7wDxS97K8KRCAv3tn","transactionHash":"0x6d88e7ef89b45203de0de0722e90cda8a844523a0c7f0a6733ed33984a63aa20","created":"2023-08-28T06:00:24.271Z","updated":"2023-10-06T13:22:43.829Z","linkedWikis":null,"images":[{"id":"QmdCoXh9hs9RUTQ28VYUvHftfAxPxd3U81NGeoNs2NkYQH","type":"image/jpeg, image/png"}]}