Zetrix, a leading layer-1 public blockchain platform by MY E.G. Services Berhad (“MYEG”), and Web3Labs Hong Kong, a Web3 development and investment powerhouse, today launched the Zetrix Global Accelerator Programme to incubate and nurture promising Web3 startups from all over the world with ecosystem support from Hong Kong’s progressive Virtual Asset (VA) ecosystem.
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The programme will open for applications in early March 2024, and successful applicants will be announced during the 2024 Hong Kong Web3 Festival, scheduled for 6-9 April, 2024. With the objective of identifying the most promising ventures, the programme aims to admit up to 10 startups. These chosen projects will have the opportunity to leverage the Zetrix platform and be matched with government or enterprise stakeholders to build and deploy their innovative applications.Read also –
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The six-month accelerator seeks projects that demonstrate evidence of product-market maturity and possess an innovative and clearly defined development pipeline that ideally can supplement Hong Kong’s virtual asset roadmap. Industries beckoning blockchain-based innovation in the city state include real-world asset (RWA) tokenisation, security token offerings and stablecoin innovation. The programme aims to introduce use cases in RWA, Environmental, Social, and Governance (ESG), and blockchain-based finance to enterprises, financial institutions, as well as government organisations. The partners of the programme, namely Zetrix, Web3Labs, and Summer Capital, will also work towards securing regulatory approval for exchange-traded funds (ETFs) that are partially backed by tokens issued by participants in this programme.
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Johnny Ng, member of the Chinese People’ s Political Consultative Conference (CPPCC), Legislative Council member of Hong Kong Special Administrative Region (HKSAR) and advisor of Web3Labs commends the launch of this programme, stating that it further cements Hong Kong’s position as a progressive international financial centre that embraces Web3 developments.
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Joseph Chee, Chairman of Summer Capital, echoes Ng’s enthusiasm. “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,” he says.
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TS Wong, co-founder of Zetrix, says: ‘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 says.
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About Zetrix
Zetrix is a layer-1 public blockchain that facilitates smart contracts and delivers privacy, security and scalability. Zetrix’s cryptographic infrastructure can be introduced to multiple industries to connect governments, businesses and their citizens to a global blockchain-based economy.
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