Neo contributes almost $8 million HKD ($1 million USD) to Web3Labs’ Web3.0 Global Acceleration Program.This partnership enables Web3Labs to provide technical support, co-marketing resources, workshops, funding opportunities, and ecosystem benefits to Web3 companies in Hong Kong.
Hong Kong | Oct 16th, 2023: Web3Labs, a leading provider of support and resources for Web3 companies, is thrilled to announce a new partnership with Neo, the open-source blockchain platform. This collaboration aims to foster Web3 innovation in Hong Kong and propel the growth of the Web3 industry in the region. As part of this partnership, Neo has made a substantial contribution of almost $8 million HKD ($1 million USD) to the Web3.0 Global Acceleration Program, demonstrating their commitment to nurturing start-up projects and supporting the development of Hong Kong’s Web3 ecosystem.
By joining forces with Neo, Web3Labs gains access to vital technical support, co-marketing resources, workshops, funding opportunities, and a wide range of ecosystem benefits. This strategic collaboration will enable Web3Labs to provide comprehensive support and guidance to Web3 companies in Hong Kong. It also aligns with the positive regulatory developments in the region, particularly in Hong Kong, which have paved the way for the growth of blockchain and Web3 technologies.
Caspar Wong Chun-long, CEO of Web3Labs, expressed his excitement about the partnership, stating, “We are delighted to partner with Neo and drive the development of virtual assets and the Web3 sector in Hong Kong. With Neo’s support, we aim to help Web3 companies establish their presence in the region by offering on-the-ground support, investment acceleration, and technical collaborations.”
Da Hongfei, Founder of Neo, shared his enthusiasm for the partnership, stating: “Partnering with Web3Labs builds on Neo’s extensive support for developers across Asia and recognizes the potential of building a strong Web3 developer community in Hong Kong, evident through Neo’s contribution of almost $8 million HKD to Web3Labs’ expansive accelerator program. Supporting developers in Asia is critical for Neo, especially pertinent given recent positive regulatory developments in the region, particularly in Hong Kong, and Neo welcomes further positive developments in the area. Through Web3 and blockchain, we can realize the Smart Economy, where the digital and physical worlds converge, and Neo is committed to supporting developers to achieve this.”
APAC Hackathon Winners: The program will include the five winning teams from Neo’s APAC Hackathon, attracting exceptional Web3 talent from across Asia
Web3Labs, along with Neo, will identify and recruit the finest developer talent in Hong Kong and beyond to participate in the Web3.0 Global Acceleration Program. This accelerator program will provide the necessary support and guidance for revolutionary Web3 projects to thrive. In addition to the selected candidates, the program will also include the five winning teams from Neo’s APAC Hackathon, which has attracted exceptional Web3 talent from across Asia.
The partnership between Web3Labs and Neo represents a significant milestone in the advancement of Web3 innovation in Hong Kong. By combining their expertise and resources, both organizations are poised to make a lasting impact on the Web3 ecosystem, fostering the development of cutting-edge technologies and driving the realization of the Smart Economy.
Neo’s APAC Hackathon
Neo’s APAC Hackathon, which has seen huge events in five cities across Asia, will be celebrated at a finale in Hong Kong on October 27th and 28th. As part of the Hackathon, five grand prize winners will automatically gain access to the Web3.0 Global Acceleration Program accelerator program and receive support and guidance from both Neo and Web3Labs. Partnering with OKX, Neo’s Hackathon supports developers across Asia and gives them the tools and scope to get involved in developing on Neo through languages they already know and use.
Web3Labs aims to respond to the policy statement from the HKSAR Government on the development of virtual assets in Hong Kong. Through on-the-ground support, investment acceleration, technical collaborations, and compliance assistance, Web3Labs is dedicated to helping global Web3 companies establish their presence in Hong Kong. Its goal is to create a one-stop gateway for Web3 entrepreneurs. As of the end of July 2023, Web3Labs has provided consultation or support for nearly 1,000 Web3 enterprises in terms of advice or on-the-ground services.
In the face of global technological competition, Web3Labs strives to stay at the forefront of the market, understand the needs and challenges of entrepreneurs, and provide a legitimate, comprehensive, professional, and in-depth entrepreneurial environment. Web3Labs aims to foster national and even world-class unicorns, contributing to the steady advancement of the industry.
Founded in 2014, Neo is an open-source, community-driven blockchain platform designed to welcome developers into the Smart Economy. By enabling developers to digitize and automate the management of assets through smart contracts, Neo is built to realize the optimized digital world of the future. As the most developer-friendly blockchain, Neo meets developers where they are by integrating seamlessly with the world’s most widely used languages and tools, and providing the most feature-complete blockchain platform for building full-stack decentralized applications. With native support for powerful infrastructure including decentralized storage, oracles, and domain name service, Neo is the ideal foundation for developers to build the next generation Internet.