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Recently, the DFINITY Foundation, a Swiss non-profit organization and a major contributor to the Internet Computer Blockchain (ICP), announced a strategic cooperation in Asia development with Web3Labs, a Hong Kong-based blockchain incubation acceleration and investment institution. Web3Labs was invited to officially join the DFINITY Foundation. ICP Asia Alliance launched in 2023. The ICP Asia Alliance is a robust and interconnected ecosystem dedicated to accelerating the development and implementation of cutting-edge Web3 and AI technologies. The alliance launched a US$20 million ecological donation fund plan to support the growth and acceleration of the ICP ecosystem.

As a key strategic partner of the DFINITY Foundation in Hong Kong, Web3Labs is committed to discovering, investing in and cultivating high-quality projects and innovative teams in the Web3 field. This strategic cooperation move not only demonstrates the in-depth cooperation between Web3Labs and the DFINITY Foundation, but also signals that the DFINITY Foundation is firmly advancing its strategic deployment of relying on Hong Kong as a gateway to radiate and deeply explore the Asia-Pacific market. Through the effective integration and sharing of resources from both parties, it will effectively promote the rapid development and widespread application of ICP technology in Asia and even the world, further consolidating Hong Kong's position as Asia's Web3 innovation and financial center.

DFINITY × Web3Labs

Since the DFINITY Foundation officially launched the ICP Asia Alliance in Hong Kong last September, it has always regarded Hong Kong as its core base for radiating the Asia-Pacific blockchain ecosystem and continuously deepened regional expansion. Web3Labs will work closely with the DFINITY Foundation as a key strategic partner to collaborate in multiple dimensions such as ecosystem construction, entrepreneurial acceleration, marketing and branding. Fully mobilize and release the momentum of blockchain innovation in Hong Kong and even the vast region of Asia, and promote the widespread application and substantial implementation of blockchain technology. At the same time, during the Hong Kong Web3 Carnival held in April this year, the DFINITY Foundation will carefully plan and present a unique peripheral event, aiming to deepen the discussion and application promotion of Web3 technology. At that time, Mr. Dominic Williams, founder and chief scientist of the DFINITY Foundation, will be on hand to introduce the high-profile "UTOPIA" project and other ICP ecological development measures with his unique perspective and profound insights. Everyone is welcome focus on.

Dominic Williams, founder and chief scientist of the DFINITY Foundation, said:

"As a highly reputable partner in the blockchain field in Hong Kong, Web3Labs' deep accumulation and outstanding innovation capabilities in blockchain technology and applications will complement the advanced concepts and technical strength of Internet computers. This collaboration This move will significantly strengthen ICP's market position in Hong Kong and radiate to the entire Asian region, further consolidating our strategic layout of developing Hong Kong as a blockchain technology and application center in Asia. At the same time, it will enhance ICP's brand influence and market share. It will also set a new benchmark for the development of the blockchain industry in Hong Kong and other parts of Asia."

Web3Labs CEO Huang Junlang said:

"This cooperation is not only a landmark event for Web3Labs to expand its global vision and influence, but also a key node for us to deeply participate in and promote the innovation process of the blockchain industry. We firmly believe that through close collaboration with the DFINITY Foundation, we can fully Leverage the advantages of both parties to sow the innovative fire of blockchain technology in Hong Kong and the entire Asia region and make it bear fruit. At the same time, we also look forward to joining hands with the DFINITY Foundation to jointly stimulate the infinite potential of blockchain technology and empower the digital transformation of various industries. Cultivate a more prosperous and diversified blockchain ecological environment, and effectively improve the level of technological application and ecological system construction in the region."

About Web3Labs

As a one-stop portal for Web3.0 entrepreneurship, Web3Labs aims to respond to the policy declaration of the Hong Kong SAR government and help global Web3 companies deploy Hong Kong and connect internationally through support such as implementation services, investment acceleration, technical cooperation, and compliance assistance. It currently has offline incubators in Hong Kong, Singapore, South Korea, Hangzhou, Beijing and other places. Web3Labs has three accelerator camps with vertical tracks, namely Satoshi Labs focusing on the Bitcoin ecosystem, ICC Camp focusing on the Gamefi field, and AIFocus focusing on the AI+Web3 and Depin fields.

About DFINITY Foundation & ICP

The DFINITY Foundation is a non-profit organization composed of a team of top international cryptographers, computer scientists and distributed computing experts. It has the largest R&D team in the entire blockchain industry, many of whom are from IBM Research. and Google and other institutions, and has published more than 1,600 papers and more than 250 patents. The DFINITY Foundation is headquartered in Zurich, Switzerland, and has a research and development center in San Francisco, USA. The DFINITY Foundation is committed to building cloud computing transfer on a centralized network, thus creating the Internet Computer Protocol (ICP) and serving as a major contributor to the protocol.

Internet Computer Protocol (ICP) is a decentralized Cloud 3.0 protocol that allows developers to build and run services and enterprise systems directly on public blockchains and achieve unprecedented scalability. Services running on ICP networks are tamper-proof and can natively communicate with the outside world in a trustless manner. The "outside world" here includes traditional Web 2.0 environments and other blockchains. As a high-speed, low-cost, and energy-efficient protocol, ICP establishes a new paradigm for how decentralized networks can truly operate in Web3 - the latest iteration of the World Wide Web, promoting automated applications, data ownership, and the management of self-sovereign identity authentication.