Neo, the open source blockchain platform, has joined forces with Web3Labs to ignite Web3 innovation in the vibrant city of Hong Kong. This partnership comes with a substantial contribution of nearly HKD 8 million(equivalent to USD1 million) from Neo to fuel the Web3.0 Global Acceleration Program. In addition, Neo will provide critical technical assistance, access to co-marketing resources, informative workshops, funding opportunities, and a comprehensive set of ecosystem benefits.
Da Hongfei, the visionary founder of Neo, emphasized the significance of this collaboration, stating, "Partnering with Web3Labs reinforces Neo's unwavering commitment to supporting developers throughout Asia and underscores the immense potential in fostering a robust Web3 developer community in Hong Kong." Neo's substantial financial contribution to Web3Labs' expansive accelerator program reflects its commitment to strengthening the Web3 ecosystem. The timing is opportune given the recent regulatory advances in the region, particularly in Hong Kong. Neo is eager to embrace further advancements in the region and believes that through Web3 and blockchain, we can realize a smart economy where the digital and physical worlds converge. Neo has been steadfast in empowering developers to realize this vision.
Da Hongfei added, "We are very proud to support more developers across Asia and eagerly await the announcement of the winners of our APAC Hackathon, who will have the privilege of joining our accelerator program. The quality and diversity of the projects submitted this year was truly remarkable, and we encourage anyone with a passion for shaping the future to get involved."
The collaboration between Neo and Web3Labs will harness the best developer talent in Hong Kong and beyond, and provide the support and mentorship necessary for revolutionary Web3 projects to flourish. As a testament to their commitment, five exceptional teams, selected as winners of Neo's APAC Hackathon, which brought together the best Web3 talent from across Asia in various key cities, will become part of this exclusive program. These winning teams will be unveiled at a final event at Cyberport on October 27 and 28.
Caspar Wong Chun-long, CEO of Web3Labs, expressed his excitement about the partnership, saying, "The entire Web3Labs team is thrilled to work with Neo to promote the development of virtual assets and the Web3 industry in Hong Kong."
