On December 1st, the cryptocurrency investment firm CGV and Web3 Labs jointly announced the establishment of AIFocus Accelerator in Hong Kong, dedicated to fostering innovative teams at the forefront of Web3 and AI convergence with promising commercial prospects. The accelerator aims to provide comprehensive support, including technology, funding, and resources, to drive the integration and innovation in the Web3 and AI domains.
Web3 redefines data ownership and network interactions with its decentralized, transparent, and user-empowering characteristics. The potent data processing capabilities, automation, and intelligent decision-making of AI present unprecedented opportunities for understanding complex patterns and enhancing user experiences. The synergy of Web3 and AI not only promotes more secure and efficient data management and transaction execution but also explores new applications like optimizing smart contracts, offering personalized services, achieving higher levels of automation, and intelligent interactions in decentralized environments. It also provides innovative solutions for privacy protection, network security, and sustainable development.
AIFocus Accelerator follows the principle of “Invest First, Accelerate Later,” focusing on identifying and supporting outstanding projects for rapid development. Only after confirming investment intentions, the accelerator tailors its services based on the project’s development stage, including leveraging extensive media partnerships for increased project exposure, organizing industry events to enhance visibility, and hosting hackathons and thematic roadshows to showcase high-quality projects and secure additional funding.
Kevin Ren, CGV’s Asian partner, expressed that CGV will leverage its expertise in the cryptocurrency and Web3 fields, along with global resources, to collaborate with Web3 Labs in creating a platform for direct dialogue and learning between industry leaders, experts, and AI and Web3 innovators. The goal is to facilitate the rapid growth of projects, achieve technological breakthroughs, and ensure business success in the direction of Web3 and AI convergence, aiming to lead in this field.
Web3 Labs CEO Huang Junlang highlighted Hong Kong’s role as an incubation center for numerous startups and innovative projects in the Web3 and AI domains, given its robust technological research foundation and sound business regulatory environment. Through collaboration with CGV, AIFocus Accelerator aims to assist more innovative projects in the Web3 and AI intersection, providing professional services, technical collaboration, compliance consulting, and establishing a brand presence with global impact centered in Hong Kong.
Approximately thirty investment institutions, incubators, and labs are participating in AIFocus Accelerator, and the list will be gradually disclosed after screening and confirmation.
Standing at the intersection of Web3 and AI technology, AIFocus Accelerator warmly invites innovators and developers worldwide to join this historic journey. If you are passionate about the decentralized vision of Web3 and the intelligent potential of AI, and eager to contribute to the fusion and development of these fields, consider joining AIFocus Accelerator to explore the limitless possibilities of Web3 and AI.
About Web3Labs:
Web3Labs aims to respond to the Special Administrative Region government’s policy declaration by providing support for global Web3 enterprises to establish a presence in Hong Kong. They focus on offering services such as landing support, investment acceleration, technical collaboration, and compliance assistance, with the goal of creating a one-stop entry point for Web3 startups. As of the end of July 2023, they have served nearly a thousand Web3 enterprises for consultation or landing.
About CGV
CGV (Cryptogram Venture) is a cryptocurrency investment firm headquartered in Tokyo, Japan. CGV invests in and incubates licensed Japanese yen stablecoin JPYW. Additionally, CGV FoF is a limited partner in several globally renowned cryptocurrency funds. Since 2022, CGV has successfully organized two editions of the Japan Web3 Hackathon (TWSH) and gained joint support from institutions and experts such as the Japanese Ministry of Education, Culture, Sports, Science and Technology, Keio University, and NTT Docomo. Currently, CGV has branches in Hong Kong, Singapore, New York, and other regions.
