Malaysia-based leading layer-1 public blockchain platform by MY E.G. Services Berhad, Zetrix and Hong Kong-based Web3 development and investment powerhouse Web3Labs launched the Zetrix Global Accelerator Program. The companies announced the launch on February 18, 2024. The programme will open for applications in early March 2024. Meanwhile, the company seeks to announce the successful applicants during the 2024 Hong Kong Web3 Festival, scheduled for 6-9 April 2024.
Purpose of the Zetrix Global Accelerator Program
With the launch of the latest program, the companies seek to incubate as well as nurture promising Web3 startups worldwide with ecosystem support from Hong Kong’s progressive Virtual Asset (V.A.) ecosystem.
The latest programme aims to admit up to 10 startups. The chosen startups will have the opportunity to leverage the Zetrix platform. They will also be matched with government or enterprise stakeholders to build and deploy their innovative applications.
The six-month accelerator seeks projects demonstrating evidence of product-market maturity and possesses an innovative and clearly defined development pipeline that ideally can supplement Hong Kong’s virtual asset roadmap.
What the Web3Labs official has to add
Johnny Ng, advisor of Web3Labs, said, “The Hong Kong government has been capitalising on Web3 trends responsibly – last year, the Hong Kong government announced the establishment of the Task Force on Promoting Web3 Development to provide recommendations on the sustainable and responsible development of Web3 in Hong Kong, and to encourage the adoption of blockchain technology. In 2022, the Government issued the Policy Statement on Development of Virtual Assets in Hong Kong, which sets out the policy stance and approach towards the sector. We are proud to be attracting global leaders like Zetrix and leading Web3 entrepreneurs to join us in developing Hong Kong into a Web3 hub and building a thriving Web3 ecosystem.”
What the Zetrix and other experts have to add
Joseph Chee, Chairman of Summer Capital, further added, “The remarkable advancements and business growth within the Web3 landscape in Hong Kong over recent years are evident to industry players. Zetrix’s entrance to Hong Kong is yet another testament to our dedication to embracing the market and its myriad opportunities.”
TS Wong, co-founder of Zetrix, further said, “’We have always prioritised nurturing a flourishing Web3 ecosystem that transcends borders, fostering mutually beneficial relationships, and propelling the Web3 movement forward. We are thrilled to have the opportunity to collaborate with esteemed partners like Web3Labs and Summer Capital on this initiative.”
He further continued, “This programme strongly resonates with our vision on so many fronts, and it enables Zetrix to emerge as the preferred Layer-1 platform for blockchain applications that align with the Web3 vision of the Hong Kong government.”
About Zetrix
Zetrix is a layer-1 public blockchain that enables smart contracts while providing privacy, security, and scalability. Zetrix’s cryptographic infrastructure can be applied to a variety of industries, connecting governments, enterprises, and citizens to a global blockchain economy.
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