CGV and Web3 Labs Launch AIFocus Accelerator in Hong Kong to Propel Web3 and AI Convergence
In Brief
Cryptocurrency Investment Firm CGV and Web3 Labs Collaborate on Accelerator for Innovative Startups.
On December 1, 2023, Prominent cryptocurrency investment firm CGV joined forces with Web3 Labs to unveil AIFocus Accelerator, a startup accelerator dedicated to advancing projects at the intersection of Web3 and Artificial Intelligence (AI). The launch signals a strategic move to foster innovative teams with promising commercial potential in Hong Kong.
AIFocus Accelerator, established to drive integration and innovation in the Web3 and AI domains, aims to provide comprehensive support, including technology, funding, and resources. Web3, known for its decentralized, transparent, and user-empowering characteristics, redefines data ownership and network interactions. The collaboration with the potent data processing capabilities, automation, and intelligent decision-making of AI is poised to unlock unprecedented opportunities in understanding complex patterns and enhancing user experiences.
The synergy between Web3 and AI not only promises more secure and efficient data management and transaction execution but also explores novel applications such as optimizing smart contracts, offering personalized services, achieving higher levels of automation, and enabling intelligent interactions in decentralized environments. It also provides innovative solutions for privacy protection, network security, and sustainable development.
AIFocus Accelerator operates on the principle of “Invest First, Accelerate Later,” focusing on identifying and supporting outstanding projects for rapid development. The accelerator tailors its services based on the project’s development stage, including leveraging extensive media partnerships, organizing industry events, and hosting hackathons and thematic roadshows to showcase high-quality projects and secure additional funding.
Kevin Ren, CGV’s Asian partner, highlighted the collaboration’s intent to create a platform for direct dialogue and learning between industry leaders, experts, and AI and Web3 innovators. The goal is to facilitate rapid project growth, achieve technological breakthroughs, and ensure business success in the Web3 and AI convergence field.
Web3 Labs CEO Huang Junlang underscored Hong Kong’s role as an incubation center for startups and innovative projects in the Web3 and AI domains. He emphasized collaboration with CGV to assist more projects in this intersection, offering professional services, technical collaboration, compliance consulting, and establishing a global brand presence centered in Hong Kong.
Approximately thirty investment institutions, incubators, and labs are participating in AIFocus Accelerator, with the list set to be gradually disclosed after screening and confirmation.
Standing at the intersection of Web3 and AI technology, AIFocus Accelerator invites innovators and developers worldwide to contribute to the fusion and development of these fields. Passionate individuals interested in the decentralized vision of Web3 and the intelligent potential of AI are encouraged to explore the limitless possibilities by joining AIFocus Accelerator in this historic journey.
Contact us: [email protected].
About CGV
CGV (Cryptogram Venture) is a cryptocurrency investment firm headquartered in Tokyo, Japan. CGV invests in and incubates licensed Japanese yen stablecoin JPYW. Additionally, CGV FoF is a limited partner in several globally renowned cryptocurrency funds. Since 2022, CGV has successfully organized two editions of the Japan Web3 Hackathon (TWSH) and gained joint support from institutions and experts such as the Japanese Ministry of Education, Culture, Sports, Science and Technology, Keio University, and NTT Docomo. Currently, CGV has branches in Hong Kong, Singapore, New York, and other regions.
About Web3 Labs:
Web3 Labs aims to respond to the Special Administrative Region government’s policy declaration by providing support for global Web3 enterprises to establish a presence in Hong Kong. They focus on offering services such as landing support, investment acceleration, technical collaboration, and compliance assistance, with the goal of creating a one-stop entry point for Web3 startups. As of the end of July 2023, they have served nearly a thousand Web3 enterprises for consultation or landing.
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
