In a strategic move aimed at advancing Hong Kong’s Web3 initiatives, MyEG Services Bhd’s blockchain platform, Zetrix, is teaming up with Web3Labs Hong Kong and venture capital firm Summer Capital. The collaborative effort seeks to position Zetrix as the preferred blockchain infrastructure for government-aligned applications in alignment with Hong Kong’s Fintech Promotion Roadmap.
Web3Labs Hong Kong’s Contribution
Web3Labs Hong Kong, recognized as a significant player in Web3 development and investment, brings its vast network of over 500 partners in the Web3 ecosystem to the collaboration. The objective is to contribute to the growth and innovation of Hong Kong’s evolving Web3 landscape.
Summer Capital’s Venture Capital Expertise
Summer Capital, renowned for its venture capital expertise and a notable portfolio featuring startups like Hashkey Group and SEBA Bank, aims to catalyze Hong Kong’s financial systems. The focus includes exploring innovative blockchain use cases such as real-world asset tokenization and stablecoin issuance.
Key Objectives of the Collaboration
The collaboration between Zetrix, Web3Labs, and Summer Capital outlines key objectives centered around enhancing Zetrix as the preferred Layer-1 platform for government and enterprise-focused Web3 development. Simultaneously, the partners plan to launch a dedicated Global Accelerator Program designed to incubate startups developing applications on the Zetrix platform.
Supporting Startups with a Comprehensive Program
This Global Accelerator Program is poised to provide essential support, encompassing mentorship, technical assistance, and access to funding opportunities. The overarching goal is to foster a conducive environment for the growth and innovation of startups within the Web3 space.
Zetrix’s Consideration of Strategic Investment
Zetrix is contemplating a strategic investment in Web3Labs, leveraging their extensive network of Web3 experts and ecosystem partners. This aligns with Zetrix’s commitment to supporting global Web3 startups under Hong Kong’s progressive Virtual Assets regulations.
Positive Enthusiasm from Zetrix Co-founder
Expressing enthusiasm about the collaboration, Zetrix co-founder Wong Thean Soon highlights its potential to add immense value to Zetrix. The collaboration is seen as a pivotal contributor to the growth of the Web3 ecosystem in Hong Kong.
Web3Labs CEO Caspar Wong echoes this sentiment, emphasizing the strategic alignment and shared commitment to fostering impactful Web3 solutions. The collaboration is poised to leverage the strengths of each partner to create a synergistic impact on the Web3 landscape in Hong Kong.
Summer Capital’s Vision for Blockchain Ecosystem
Henry Chen, Head of Fintech and Blockchain at Summer Capital, underscores their dedication to building an enterprise-grade blockchain ecosystem in Hong Kong. This initiative reflects a significant stride toward seizing market opportunities and contributing to the overall vibrancy of the blockchain landscape.
Conclusion: A Transformative Partnership for Hong Kong’s Web3 Future
In conclusion, the collaboration between Zetrix, Web3Labs, and Summer Capital marks a transformative partnership geared towards propelling Hong Kong’s Web3 ecosystem to new heights. With a focus on infrastructure enhancement, startup incubation, and strategic investments, the collaboration is poised to shape the future of blockchain technology in the region. As the initiative unfolds, it is anticipated to play a pivotal role in positioning Hong Kong as a hub for Web3 innovation and development.
