In a unique partnership with BitValue Capital, IOST is pleased to announce the formal opening of the “223 (Web2 to Web3) Booster,” a cutting-edge Web2 to Web3 startup incubator in the illustrious city of Hong Kong.
IOST and BitValue Capital Announce Collaboration, Launch 223 Booster in Hong Kong
The “5 million US dollars Ecological Incentive Fund” has been launched as a result of a strategic alliance between IOST and BitValue Capital. This partnership comes at a time when entrepreneurs and visionaries are increasingly looking to explore new business models and technological advancements in the rapidly changing Web3 landscape in Hong Kong, one of Asia’s major financial centers and a global leader in technological innovation.
Given this positive climate, IOST and BitValue Capital, along with their ecosystem partners, have joined forces to build the Web3 HK Startup Accelerator in Hong Kong, also known as “223 Booster.” This accelerator’s main goals are to advance Web3-related technology in Hong Kong and offer exceptional Web3 projects extensive support.
What is the Purpose of 223 Booster?
With technical help, marketing strategy, legal advice, fundraising integration, and advice on exchange listings, 223 Booster aims to be a one-stop shop for international entrepreneurs. Its main goal is to support startup teams in overcoming obstacles to technological advancement, ecological growth, and capital investment.
While encouraging an open platform for resource and information sharing among its members, 223 Booster is dedicated to shared development, optimized resources, and risk mitigation. In the near future, 223 Booster will invite well-known venture capitalists, technologists, and Web3 communities to participate in the creation of a global ecosystem and project incubation, thereby offering Web3 startup teams even more comprehensive support and services.
What Will 223 Booster Provide in the Future?
To further develop its diversified ecosystem and global strategic objectives, 223 Booster will concentrate its efforts on the following areas in the coming years:
- Increasing the capacity for technical support
- Expanding international partnerships
- The improvement of financing support matrices
- Promoting a healthy ecosystem
- Increasing commercial influence and awareness of intellectual property
Thus, Booster 223 will support users in all areas, not just one.
About IOST
IOST is a project that has been gaining traction for its superior and ground-breaking technology since the introduction of its mainnet in 2019. The Ethereum network’s high fees and slower transaction times have opened the way for new solutions to develop, and IOST is the project that most exemplifies this.
According to the most recent assessment from China’s Center for Information and Industry Development, the fundamental technology underpinning IOST, a decentralized, high-throughput blockchain, outperforms 37 well-known rivals, including EOS and Ethereum, by a factor of more than five.
About BitValue Capital
In 2017, the Canadian city of Toronto saw the official launch of BitValue Capital. Its core staff is made up of elite professionals from famous organizations like the Toronto Stock Exchange, IBM, North American investment banks, hedge funds, and Canadian pension funds. As a bridge for effective and cordial communication between the East and the West, BitValue Capital has dedicated itself since its creation to nurturing outstanding blockchain initiatives throughout the world.
Leave a comment