BitValue Capital is driving the development of Web3 in Hong Kong by fostering innovation and supporting startups in the global hub of finance and technology. The city is one of the largest financial centers in Asia and a leading global hub for technology innovation. An increasing number of innovators and entrepreneurs are flocking to Hong Kong to explore new business models and technological applications as Web3 brings new opportunities and challenges for them.
BitValue Capital recently held the 2023 Hong Kong Web3.0 Summit with the theme Web2.0 to Web3.0, World to Hong Kong to promote international communication and collaboration in blockchain technology. The event was attended by prominent public blockchains, community media, DApp project teams, and Key Opinion Leaders from around the world to explore new paradigms and possibilities for the future development of Web3. Over 100,000 users applied to participate online, and there were 5,000 attendees online, with over 200,000 clicks.
To support the international ecosystem development of their partners, Cyberport in Hong Kong will provide a series of support for registered startups. This includes applying for the CCMF (Cyberport Creative Micro Fund) / CIP (Cyberport Incubation Program) and participating in community activities to provide support for projects that have joined CCMF/CIP.
BitValue Capital announced a $100 million Web3.0 venture capital fund to further promote the healthy and sustainable innovation of Web3.0 globally. The fund will encourage new blockchain projects and contribute to industry development focused on various fields such as game studios, Metaverse, GameFi, NFT, SocialFi, DAO, and DeFi.
The company is launching a joint initiative to establish the Web3 HK Startup Accelerator in Hong Kong, called 223 Booster, with the aim of promoting the development of Web3-related technologies in Hong Kong and providing comprehensive support to high-quality Web3 projects worldwide. It will provide a one-stop service for global entrepreneurs, including technical support, marketing, legal consulting, financing advisory, exchange listing advisory, and more. The accelerator will also invite internationally renowned venture capitalists, technical experts, and the Web3 user community to participate in its construction and project incubation, providing comprehensive support and assistance to Web3 startup teams.
BitValue Capital will provide 223 Booster with comprehensive resources, including funding assistance, technical support, and marketing. Also, the first batch of the 223 Booster Executive Committee will include globally recognized institutions such as IOST, Spark Digital Capital, BSCS, and 852Web3.
The Web3 HK Startup Accelerator will empower entrepreneurs to turn their blockchain ideas into successful ventures with fundraising, IDO and token listing support, expert consulting services, and comprehensive non-financial help from 852Web3. It will also develop and execute go-to-market strategies to promote the products and services of their incubatees.
223 Booster aims to offer an open platform for resource and information sharing among members, aiming for sustainable development with the goals of mutual development, optimized resources, and controlled risks. Within 1-2 years, they aim to build 223 Booster into a top-tier Web3 startup accelerator with global influence and reputation.
