With the recent debut of the AIFocus Accelerator in Hong Kong, CGV and Web3 Labs are set on boosting the intersection of Web3 technologies and AI innovations.
In Brief
The cryptocurrency investment powerhouse CGV has joined forces with Web3 Labs to roll out an accelerator specifically designed to support groundbreaking startups.
On December 1, 2023, the prominent crypto investment firm CGV collaborated with Web3 Labs to introduce the AIFocus Accelerator—an initiative aimed at supporting innovative endeavors that blend Web3 with artificial intelligence. This launch marks a pivotal moment in Hong Kong for aspiring tech companies.
The AIFocus Accelerator has been designed specifically to drive the merge and innovation in the realms of Web3 and AI, providing extensive support in areas like technology development, funding, and essential resources. Web3's fundamentals—such as decentralization, transparency, and user empowerment—are revolutionizing how data ownership and network interactions are perceived. By harnessing AI’s robust data processing, automation prowess, and intelligent analytics, there are boundless opportunities to decode complex information and improve user experiences.
The collaboration between Web3 and AI is not merely about enhanced data management and efficient transaction processing; it also opens doors to novel applications including smart contract optimization, bespoke user services, increased automation levels, and intelligent interactions within decentralized networks. Moreover, it paves the way for innovative approaches to safeguarding privacy, enhancing network security, and promoting sustainable practices.
The AIFocus Accelerator adheres to the principle of 'Invest First, Accelerate Later,' concentrating on pinpointing exceptional projects for swift development. It customizes its offerings based on where a project stands in its lifecycle, utilizing extensive media partnerships, orchestrating industry gatherings, and conducting hackathons and thematic showcases that put the spotlight on quality projects, while also securing additional funding.
Kevin Ren, CGV's representative for Asia, emphasized that this collaboration aims to establish a vibrant platform for direct interaction and knowledge exchange among industry veterans, leading experts, and innovators in AI and Web3. The ultimate aim is to accelerate project growth, propel technological advancements, and guarantee the success of ventures merging these fields.
Huang Junlang, the CEO of Web3 Labs, highlighted Hong Kong's significant role as a nurturing ground for startups and pioneering projects within the Web3 and AI arenas. He pointed out the collaborative efforts with CGV to aid more initiatives at this intersection, offering specialized services, technical partnerships, compliance guidance, and assistance in building a global brand anchored in Hong Kong.
Around thirty investment firms, incubators, and laboratories are currently involved in the AIFocus Accelerator, with details about the participating entities to be revealed gradually following thorough screening.
At the crossroads of Web3 and AI, AIFocus Accelerator invites global innovators and developers to take part in the merging and growth of these exciting domains. Those passionate about Web3's decentralized ideals and AI's intelligent capabilities are encouraged to dive into the endless opportunities offered by joining AIFocus Accelerator on this transformative journey.
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About CGV
CGV (Cryptogram Venture), a cryptocurrency investment firm based in Tokyo, Japan, is at the forefront of the digital currency space. They invest in and develop the licensed yen stablecoin JPYW, alongside being a limited partner in numerous globally acknowledged cryptocurrency funds. Since 2022, CGV has successfully hosted two iterations of the Japan Web3 Hackathon (TWSH) and has garnered support from esteemed institutions and experts, including the Japanese Ministry of Education, Culture, Sports, Science and Technology, Keio University, and NTT Docomo. Presently, CGV has established branches in Hong Kong, Singapore, New York, and other strategic locations.
About Web3 Labs:
Web3 Labs is committed to aligning with the policy initiatives of the Special Administrative Region government by assisting global Web3 businesses in establishing their presence in Hong Kong. Their focus lies in offering services such as landing support, investment acceleration, technical collaboration, and compliance assistance, aiming to create a seamless gateway for Web3 startups. As of late July 2023, they have provided consultation or landing services to nearly a thousand Web3 enterprises.
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