Zetrix and Web3Labs Launch Zetrix Global Accelerator Programme
PETALING JAYA, Malaysia, Feb. 18, 2024 /PRNewswire/ — Zetrix, a leading layer-1 public blockchain platform by MY E.G. Services Berhad, and Web3Labs Hong Kong Web3 development and investment powerhouse, have launched the Zetrix Global Accelerator Programme. The programme will incubate and nurture promising Web3 startups from all over the world with ecosystem support from Hong Kong’s progressive Virtual Asset (VA) ecosystem. The programme is set to open for applications in early March 2024, and the successful applicants will be announced during the 2024 Hong Kong Web3 Festival, which is scheduled for 6-9 April, 2024.
The accelerator aims to identify and admit up to 10 promising ventures that will have the opportunity to leverage the Zetrix platform and be matched with government or enterprise stakeholders to build and deploy their innovative applications.
This six-month accelerator aims to scout for projects demonstrating evidence of market maturity and having an innovative and clearly defined development pipeline that can ideally complement Hong Kong’s virtual asset roadmap. The programme plans to introduce use cases in RWA, Environmental, Social, and Governance (ESG), and blockchain-based finance to enterprises, financial institutions, and government organizations. The objective of the programme partners, namely Zetrix, Web3Labs, and Summer Capital, is to work towards securing regulatory approval for exchange-traded funds (ETFs) partially backed by tokens issued by participants in this programme.
Zetrix, Web3Labs, and venture capital firm Summer Capital announced in January a strategic collaboration to establish Zetrix as the preferred blockchain infrastructure for Hong Kong government-aligned applications. As part of this initiative, the Global Accelerator Programme seeks to incubate and nurture promising startups building applications on the Zetrix platform. This programme provides mentorship, technical support, and access to funding opportunities for entrepreneurs from all over the world.
The programme leverages Web3Labs’ robust ecosystem network to facilitate connections with investment institutions, corporate partners, and industry experts, opening up a world of business opportunities for the community within its network. The accelerator has gained recognition from Johnny Ng, a member of the Chinese People’s Political Consultative Conference and Legislative Council member of Hong Kong Special Administrative Region, who commends the launch of the programme. Ng states that the programme solidifies Hong Kong’s position as a progressive international financial center embracing Web3 developments.
The Zetrix platform facilitates smart contracts and delivers privacy, security, and scalability. Zetrix’s cryptographic infrastructure can connect governments, businesses, and citizens to a global blockchain-based economy. Web3Labs aims to respond to the policy statement from the Hong Kong Special Administrative Region (HKSAR) Government on virtual assets development in Hong Kong, while Summer Capital is a leading investment management and advisory firm with a presence in Hong Kong, mainland China, and Southeast Asia dedicated to investing in new economy sectors.
For media inquiries, please contact Ms. Husna Helmy at +60 11-1154 8238.
SOURCE Zetrix
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