Crypto Evening Briefing: Hong Kong Web3Hub Fund Officially Launched Today
The fund has a scale of $10 million and aims to encourage more companies to settle in Hong Kong by combining blockchain and artificial intelligence to provide a convenient and cost-effective platform.
Nigerian Crypto Payment Startup Shuts Down, Offers IP for Sale
Nigerian crypto and Web3 company Lazerpay has announced that it is shutting down its operations after being unable to raise funds in a funding round. The shutdown comes months after the company announced layoffs due to its inability to raise funds after a lead investor pulled out. Lazerpay co-founder Emmanuel Njoku has announced the company's renewed focus on ensuring a seamless transition for its users by resolving any outstanding issues and inviting companies to make offers to purchase its intellectual property. The African crypto space has recently been hit with upheavals, but certain crypto payment startups in the continent, such as Nairaex, are still thriving.
OKX to Power Web3 Innovation as a Sponsor of Consensus 2023-Affiliated Hackathon ‘Web3athon’
OKT Chain (OKTC), backed by OKX, has announced its sponsorship of the upcoming online and offline Web3athon event, taking place from April 17 to May 31, and it will also host online and offline workshops to explore the chain's Wasm and EVM interoperability capabilities. The sponsorship is part of OKT Chain's initiatives to support developers and provide them with the tools, resources, and support they need to drive innovation in the blockchain space. OKT Chain aims to establish a stronger and more connected community of developers within the rapidly evolving Web3 ecosystem through events like the Web3athon and other developer-focused initiatives.
Wanxiang Blockchain Labs and HashKey Capital Jointly Launched a Web3 Incubator to Provide Support for Web3 Start-up Projects
On April 14th, at the Demo Day session of the "2023 Hong Kong Web3 Festival" sub-venue one, Hao Yukun, Senior Director of Wanxiang Blockchain, announced the launch of a Web3 incubator.
CEO of Hong Kong Web3Hub Fund: Preparing to Launch a $100 Million Web3 Ecosystem Fund
CEO of the Hong Kong Web3Hub Fund announced the launch of a $100 million Web3 ecosystem fund, which will invest in global projects and promote the development of global Web3 standards, based in Hong Kong.
Hong Kong Web3Hub Fund Officially Launched Today
Hong Kong Deputy Secretary for Justice Horace Cheung announced the launch of the Hong Kong Web3Hub Fund at the "2023 Hong Kong Web3 Festival" sub-venue four of the "MetaEra x BitMart Special Session: Where are the Opportunities of the Metaverse" forum. The fund has a scale of $10 million and aims to encourage more companies to settle in Hong Kong by combining blockchain and artificial intelligence to provide a convenient and cost-effective platform. The Hong Kong Web3.0 Association was established on April 11, and the Web3Hub Fund will support more overseas Web3.0 companies to settle in Hong Kong. The fund will be chaired by Hong Kong Financial Secretary Paul Chan, and the management committee will be composed of experts from the fields of financial technology, blockchain, and cryptocurrency. The fund has received applications from multiple Web3.0 projects from the US, Europe, Singapore, and other places, involving areas such as DeFi, NFT, metaverse, Dsocial, and more. The fund plans to begin investing and supporting these projects in the second half of this year.
Heretic Ventures Announces Seed Financing of Its Portfolio Company Tonic.xyz
Heretic Ventures, the San Francisco-based venture studio launched by serial entrepreneur Mariam Naficy and backed by industry-leading investors and entrepreneurs including Reid Hoffman, Ev Williams, Chris Dixon, Jeremy Stoppelman, April Underwood, and others, announces that Tonic.xyz, a leading gallery offering highly curated art on the blockchain, has raised $5 million in a seed financing round co-led by Patron.xyz and TTCER.
A ‘Super App’ May Be Web3’s Super Power
The concept of a "super app" could be a game-changer for the Web3 ecosystem. The super app model is a popular approach in the mobile app space, where a single app provides a wide range of services to users, such as messaging, payments, and e-commerce.
OKX to Power Web3 Innovation as a Sponsor of Consensus 2023-Affiliated Hackathon ‘Web3athon’
OKT Chain (OKTC), the EVM and Wasm-compatible chain backed by OKX, the world’s second-largest crypto exchange by trading volume, has announced its sponsorship of the upcoming Web3athon event taking place in conjunction with Consenus 2023.
Heretic Ventures Announces Seed Financing Of Its Portfolio Company, Tonic.xyz: Blockchain Art For Web3 Natives And Newbies Alike
Tonic.xyz, a Heretic venture, reimagines the art collectors' experience and extends access to blockchain art beyond crypto-native consumers.
