A strategic partnership has been formed between Zetrix, Web3Labs Hong Kong, and Summer Capital in order to advance Hong Kong’s Web3 ecosystem. Zetrix, a blockchain platform owned by MyEG Services Bhd, aims to position itself as the preferred blockchain infrastructure for government-aligned applications in line with Hong Kong’s Fintech Promotion Roadmap. Web3Labs Hong Kong brings its extensive network of partners in the Web3 ecosystem to the collaboration, while Summer Capital intends to explore innovative blockchain use cases such as real-world asset tokenization and stablecoin issuance. The collaboration seeks to enhance Zetrix as the preferred Layer-1 platform for government and enterprise-focused Web3 development, and also includes plans to launch a Global Accelerator Program to support startups developing applications on the Zetrix platform. Zetrix is also considering a strategic investment in Web3Labs in order to leverage their expertise and network. The partnership aims to propel Hong Kong’s Web3 ecosystem forward, positioning the city as a hub for Web3 innovation and development.
Powering Hong Kong’s Web3 Revolution: Zetrix Joins Forces with Web3Labs
Latest from Blog
VCFA Group Closes $1225M Venture Partners VII Fund
TLDR: VCFA Group closed VCFA Venture Partners VII fund with $122.5 million in commitments Transition marks continuation of VCFA’s pioneering legacy in the secondary private equity space VCFA Group, a pioneer in
VCFA Group’s Venture Partners VII Fund Raises $1225 Million
TLDR: VCFA Group closed its latest fund, VCFA Venture Partners VII, with $122.5 million in commitments. The fund focuses on smaller and more complex purchases of later-stage venture capital and growth equity
Revolutionizing Payments: $20M Raised for Stablecoin Network Development
TLDR: 1Money has raised over $20 million in seed funding to develop a stablecoin payments network. The network aims to offer instant transaction confirmation, low-cost fees, multicurrency support, compliance mechanisms, and scalability.
Top AI Trends and Startups Shaping 2025 and Beyond
“`html TLDR: Israel is excelling in applicative and vertical AI, focusing on practical solutions in cybersecurity, healthcare, and defense rather than competing with tech giants in foundational AI models. Five key AI
Sand Hill Road: Steve Vassallo’s Early Investment Edge at Foundation Capital
“`html TLDR: Steve Vassallo, a general partner at Foundation Capital, focuses on early-stage investments, often being the first institutional investor for startups. He emphasizes the importance of owning a significant stake in