Petaling Jaya, February 1September 9, 2024 / AlexaBlockchain/ – Zetrix, a leading layer 1 public blockchain platform backed by MY EG Services Berhad (“MYEG”), has partnered with Web3 Labs Hong Kong, a powerhouse in Web3 development and investment, to introduce the Zetrix Global Accelerator Program. The initiative aims to nurture and nurture promising Web3 startups from around the world, with the support of Hong Kong’s progressive virtual asset (VA) ecosystem.
The program, scheduled to open for applications in early March 2024, will provide a platform for up to 10 selected startups to leverage Zetrix’s infrastructure and connect with government or corporate stakeholders. These startups will have the opportunity to build and deploy innovative applications that can potentially complement Hong Kong’s virtual asset roadmap.
With the goal of identifying the most promising ventures, the six-month accelerator looks for projects that demonstrate product-market maturity, are innovative, and have a clearly defined development pipeline. Priority will be given to projects focused on industries suitable for blockchain-based innovation in Hong Kong, such as real asset (RWA) tokenization, security token offerings, and stablecoin innovation.
The program aims to introduce the use cases of RWA, environmental, social and governance (ESG) and blockchain-based finance to businesses, financial institutions and government agencies. Additionally, program partners Zetrix, Web3Labs, and Summer Capital will work together to secure regulatory approval for an exchange-traded fund (ETF) partially backed by tokens issued by program participants.
The launch of the accelerator follows a strategic collaboration announced in January between Zetrix, Web3Labs and venture capital firm Summer Capital. The collaboration aims to establish Zetrix as the preferred blockchain infrastructure for applications coordinated by the Hong Kong government and includes the introduction of a dedicated global accelerator program to support startups based on the Zetrix platform.
Johnny Ng, member of the Chinese People’s Political Consultative Conference (CPPCC) and Hong Kong Special Administrative Region (HKSAR) Legislative Council, praised the launch of the program and noted its role in solidifying Hong Kong’s position as a progressive international financial center embracing Web3 developments. emphasized. .
Joseph Chee, Chairman of Summer Capital, echoed Ng’s enthusiasm and highlighted the notable developments in Hong Kong’s Web3 environment in recent years.
Zetrix co-founder TS Wong expressed his excitement about the collaboration, emphasizing that the program is consistent with Zetrix’s vision of fostering a thriving Web3 ecosystem. Wong also emphasized Zetrix’s commitment to providing comprehensive technical support to participating projects, including expertise in smart contract development and security auditing.
The Zetrix Global Accelerator Program represents an important step in fostering Web3 innovation in Hong Kong and contributing to the city’s emergence as a hub for blockchain technology and virtual asset development. The program, which will open for applications soon, is poised to attract top startups from around the world to drive the adoption and integration of blockchain technology into the Hong Kong economy.
Source: Zetrix
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