PolkaPort East opens in Hong Kong to assist the decentralisation of the Polkadot ecosystem.
According to the most recent information shared with Finbold on June 4, the Web3 Foundation has announced a new grant awarded to PolkaPort East, which aims to improve decentralisation and strengthen community involvement within the Polkadot (DOT) ecosystem.
This is the first Decentralised Futures grant awarded to an Asian organisation.
Polkadot will boost growth in Hong Kong and the Greater Bay Area.
PolkaPort East is an independent entity.
The award will be used to drive regional growth in Hong Kong and the Greater Bay Area, with an emphasis on investor relations.
The programme seeks to promote Polkadot’s technology by encouraging strategic investments and collaborations in the local ecosystem.
Max Rebol, co-founder of PolkaPort East and CEO of Harbour Industrial Capital, a venture capital company focused on Polkadot, highlighted the opportune timing of PolkaPort East’s launch, stating:
“The launch of PolkaPort East comes at a critical time for Polkadot.” It represents a significant step towards boosting the network’s decentralisation and strengthening the ecosystem’s strategic location in Hong Kong.”
Thibault Perréard, also a PolkaPort East co-founder, added:
“With the support of the DF grant, PolkaPort East will be tapping into the thriving innovation hubs of Hong Kong and the Greater Bay Area while engaging and fostering relationships with local governments, global enterprises and capital allocators of the region.”
David Hawig, Director of Ecosystem at the Web3 Foundation, shared his team’ enthusiasm for the PolkaPort East initiative:
“The Web3 Foundation is delighted to
A Decentralised Futures award will help support the Polkaport East programme. This initiative demonstrates our dedication to promoting decentralised access and creativity in the Polkadot ecosystem. We believe Polkaport East will play a critical role in improving connectivity and empowering the Hong Kong people, advancing the idea of a genuinely decentralised internet.” increasing Polkadot’s reach across Asia
The effort will attract participants from all over Asia, including developers, venture capitalists, and Web3 investors, and engage with university blockchain collectives, fintech enterprises, and local governments investigate blockchain technology.
The Web3 Foundation created the Decentralised Futures initiative in 2023 to help independent teams drive Polkadot’s growth.
Inspired by Parity Technologies’ decision to focus primarily on technological development, the programme provides support to both for-profit and non-profit Polkadot-oriented organisations