Neo and Web3Labs Forge Alliance to Fuel Web3 Innovation in Hong Kong October 13, 2023 October 13, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsOctober 13, 2023 by Kelly Cromley

Neo and Web3Labs Forge Alliance to Fuel Web3 Innovation in Hong Kong

Empowering Web3 Innovation


Neo, the renowned open-source blockchain platform, has entered into a dynamic partnership with Web3Labs, marking a significant step toward fostering Web3 innovation in the vibrant city of Hong Kong. This collaboration is underscored by Neo’s substantial financial commitment of nearly HKD 8 million (equivalent to USD 1 million) to bolster the Web3.0 Global Acceleration Program. In addition to this financial contribution, Neo will provide invaluable technical support, facilitate access to co-marketing resources, offer informative workshops, open doors to funding opportunities, and deliver a comprehensive array of ecosystem benefits.


Da Hongfei, the visionary founder of Neo, has emphasized the profound importance of this partnership. He stated, “Through our collaboration with Web3Labs, Neo reaffirms its unyielding dedication to supporting developers across Asia, highlighting the immense potential in nurturing a thriving Web3 developer community in Hong Kong.” Neo’s substantial financial investment in Web3Labs’ extensive accelerator program underscores the platform’s unwavering commitment to fortifying the Web3 ecosystem. The timing of this partnership is particularly opportune, aligning with recent regulatory advancements in the region, especially in Hong Kong. Neo is poised to embrace further progress in the region and envisions a future where Web3 and blockchain technologies converge to create a smart economy that bridges the digital and physical worlds. Neo has consistently empowered developers to help realize this transformative vision.


Da Hongfei further expressed, “We take great pride in extending our support to more developers throughout Asia and eagerly anticipate the announcement of the winners of our APAC Hackathon. These talented teams will have the privilege of joining our accelerator program. The quality and diversity of the projects submitted this year were truly remarkable, and we encourage anyone with a passion for shaping the future to get involved.”


A Commitment to Nurturing Web3 Talent


The collaboration between Neo and Web3Labs is poised to harness the immense potential of developer talent not only in Hong Kong but also across the broader region. The partnership will provide essential support and mentorship to catalyze groundbreaking Web3 projects. As a testament to this commitment, five outstanding teams, selected as the winners of Neo’s APAC Hackathon, a competition that brought together the most promising Web3 talent from various key cities in Asia, will become integral participants in this exclusive program. These winning teams will be officially unveiled at a culminating event hosted at Cyberport on October 27 and 28.


Caspar Wong Chun-long, the CEO of Web3Labs, conveyed his enthusiasm about this partnership, remarking, “The entire Web3Labs team is excited to collaborate with Neo in driving the development of virtual assets and the Web3 industry in Hong Kong.”


In Summary


The collaboration between Neo and Web3Labs marks a significant stride toward realizing the potential of Web3 innovation in Hong Kong and the broader Asian region. Neo’s substantial financial backing, coupled with the provision of crucial technical and developmental resources, highlights their unwavering commitment to nurturing a thriving Web3 developer community. This partnership is not only timely, given recent regulatory advancements in the region but also reflects Neo’s vision of a future where Web3 and blockchain technologies converge to create a smart economy that seamlessly integrates the digital and physical worlds. By extending support to developers and championing innovative projects, Neo and Web3Labs aim to be at the forefront of Web3 innovation, empowering change-makers to shape the future of technology.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.