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DFINITY Foundation Teams Up with Web3Labs to Drive Blockchain Innovation and Ecosystem Upgrade in Asia

The DFINITY Foundation, a Swiss non-profit organization and a major contributor to the Internet Computer Blockchain (ICP), announced a strategic partnership in Asia with Web3Labs, a blockchain incubation accelerator and investment firm based in Hong Kong. As part of this collaboration, Web3Labs has been officially invited to join the ICP Asia Alliance initiated by the DFINITY Foundation in 2023.

Recently, the DFINITY Foundation, a Swiss non-profit organization and a major contributor to the Internet Computer Blockchain (ICP), announced a strategic partnership in Asia with Web3Labs, a blockchain incubation accelerator and investment firm based in Hong Kong. As part of this collaboration, Web3Labs has been officially invited to join the ICP Asia Alliance initiated by the DFINITY Foundation in 2023.The ICP Asia Alliance is a robust and interconnected ecosystem that is accelerating the development and implementation of cutting-edge Web3 and AI solutions. The Alliance boasts a USD 20 million ecosystem grant program, focusing on fostering growth and acceleration within the ICP ecosystem.

As a key strategic partner for the DFINITY Foundation in Hong Kong, Web3Labs is committed to discovering, investing in, and nurturing the best projects and innovative teams in the Web3 domain. This strategic collaboration not only signifies an in-depth cooperation between Web3Labs and the DFINITY Foundation but also underscores the Foundation’s steadfast commitment to deploying its strategy through Hong Kong, acting as a gateway to the Asian market.

Since the launch of the ICP Asia Alliance in Hong Kong last September, the Foundation has consistently viewed Hong Kong as the core base for expanding its influence over the Asia-Pacific blockchain ecosystem. In this capacity, Web3Labs, as a pivotal strategic partner, will work closely with the DFINITY Foundation in multiple dimensions including ecosystem construction, startup acceleration, market promotion, and brand building. By effectively integrating and sharing resources, they aim to significantly propel the rapid development and widespread application of ICP technology across Asia and globally, further solidifying Hong Kong’s position as an Asian hub for Web3 innovation and finance.

During the Hong Kong Web3Festival event scheduled for April, DFINITY Foundation will host a unique side event featuring insights from its Founder & Chief Scientist Dominic Williams, who will introduce the highly anticipated “UTOPIA” project and other ICP ecosystem growth initiatives.

DFINITY Foundation Founder and Chief Scientist Dominic Williams stated , “Web3Labs, a highly respected partner in Hong Kong’s blockchain sector, brings profound technological expertise and innovative capabilities that complement the Internet Computer’s advanced concepts and technical prowess. This collaboration will notably enhance the Internet Computer’s presence in Hong Kong and beyond into the broader Asian region, aligning with our strategic vision to establish Hong Kong as a center for blockchain technology and applications in Asia”

Mr. Caspar Wong, CEO of Web3Labs stated, “This partnership represents not only a milestone for Web3Labs in expanding our global footprint and influence but also a critical juncture where we deeply engage and drive innovation in the blockchain industry. We firmly believe that by working closely with DFINITY Foundation, we can leverage our collective strengths to plant the seeds of blockchain innovation in Hong Kong and across Asia, allowing them to flourish. We look forward to joining hands with DFINITY Foundation to unleash the boundless potential of blockchain technology, empowering digital transformation across industries, cultivating a prosperous and diverse blockchain ecosystem, and substantively enhancing the level of technology application and ecological system construction in the region.”

With the synergistic integration of their respective strengths, it is believed that the DFINITY Foundation and Web3Labs will play a crucial role in establishing Hong Kong and Asia as demonstration highlands for blockchain technology, powerfully propelling the region to become a core engine for global blockchain innovation.

About Web3Labs

Web3Labs is a one-stop portal for Web3.0 entrepreneurship, aiming to respond to the policy declaration of the Hong Kong SAR government. Through on-site services, investment acceleration, technical cooperation, and compliance assistance, Web3Labs aims to help global Web3 companies set up in Hong Kong and connect with the international community. Currently, Web3Labs has offline incubators in Hong Kong, Singapore, South Korea, Hangzhou, Beijing and other places. Web3Labs has three vertical accelerator camps, namely Satoshi Labs focusing on the Bitcoin ecosystem, ICC Camp deepening the Gamefi field, and AFocus focusing on AI+Web3 and Depin fields.

About DFINITY Foundation

The DFINITY Foundation is a not-for-profit organization of leading cryptographers, computer scientists and experts in distributed computing. The DFINITY Foundation boasts the largest R&D operations in the blockchain industry with many employees coming from IBM Research and Google. The DFINITY Foundation employees have published papers 1600+ and 250+ patents. The Foundation is headquartered in Zurich, with a research center also in San Francisco. With a mission to shift cloud computing into a fully decentralized state, the Foundation leveraged its experience to create the Internet Computer and currently operates as a major contributor to the network.

About the Internet Computer Protocol (ICP)

The Internet Computer Protocol (ICP) is a decentralized cloud 3.0 protocol that allows developers to build and run services and enterprise systems directly on a public blockchain with unprecedented scalability. Hosted services running on top of ICP are tamperproof and can natively interact with the outside world in a trustless manner, both with traditional web 2.0 services and with other blockchains. The fast, low-cost, and energy-efficient protocol establishes a new paradigm for how a decentralized network truly operates in web3 — the latest iteration of the World Wide Web, facilitating autonomous applications, data ownership, and self-sovereign identity management.

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