PolkaPort East Receives Grant to Boost Polkadot Ecosystem in Asia
PolkaPort East's Strategic Initiatives
The Web3 Foundation has awarded PolkaPort East a Decentralized Futures (DF) grant to bolster the decentralization and expansion of the Polkadot ecosystem. This grant marks the first of its kind for an organization operating in Asia, specifically focusing on Hong Kong and the Greater Bay Area.
Role and Impact of PolkaPort East
PolkaPort East is pivotal in advancing investor relations and growth for Polkadot in Asia. It aims to promote Polkadot's technology and serve as a key driver of capital into the ecosystem. The support from the DF grant enables PolkaPort East to engage with innovation hubs and foster relationships with local governments, enterprises, and capital allocators in the region.
Vision and Goals
The initiative seeks to attract a diverse range of participants to the Polkadot ecosystem. These include projects, developers, Polkadot-native venture capitalists, and general web3 investors. Additionally, PolkaPort East will target Asian university blockchain collectives and fintech companies exploring blockchain technology.
Web3 Foundation's Support
The Web3 Foundation is committed to fostering decentralized access and innovation within the Polkadot ecosystem. The DF initiative, launched in 2023, supports independent teams that contribute to Polkadot's success. With initial funding of $20M and 5M DOT tokens, the program aims to expand Polkadot's reach.
About PolkaPort East
Based in Hong Kong, PolkaPort East is dedicated to driving the adoption of the Polkadot ecosystem across Asia. By collaborating with developers, investors, and various stakeholders, it seeks to fuel the adoption of web3 technology and onboard new users to Polkadot, enhancing the decentralized internet vision.
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