Zetrix, MyEG Services Bhd’s blockchain platform, is collaborating with Web3Labs Hong Kong and venture capital firm Summer Capital to advance Web3 initiatives in Hong Kong. The goal is to position Zetrix as the preferred blockchain infrastructure for government-aligned applications, aligning with Hong Kong’s Fintech Promotion Roadmap. The collaboration aims to enhance Zetrix as the preferred Layer-1 platform for government and enterprise-focused Web3 development, launch a dedicated Global Accelerator Program for startups on the Zetrix platform, and potentially make a strategic investment in Web3Labs.
23 January 2024 – Malaysian blockchain platform, Zetrix, operated by MyEG Services Bhd, is forming a strategic collaboration with Web3Labs Hong Kong and venture capital firm Summer Capital to advance Web3 initiatives in Hong Kong. The objective is to position Zetrix as the preferred blockchain infrastructure for government-aligned applications, aligning with Hong Kong’s Fintech Promotion Roadmap.
Web3Labs Hong Kong, a key player in Web3 development and investment, boasting a network of over 500 partners in the Web3 ecosystem, is expected to contribute significantly to the growth and innovation of Hong Kong’s evolving Web3 landscape. Meanwhile, Summer Capital, known for its venture capital expertise and a portfolio featuring startups like Hashkey Group and SEBA Bank, aims to catalyze Hong Kong’s financial systems and explore innovative blockchain use cases.
The collaboration’s key objectives include enhancing Zetrix as the preferred Layer-1 platform for government and enterprise-focused Web3 development. Additionally, they plan to launch a dedicated Global Accelerator Program to incubate startups building applications on the Zetrix platform. This program will offer essential support, including mentorship, technical assistance, and access to funding opportunities.
Zetrix is considering a strategic investment in Web3Labs to leverage their extensive network of Web3 experts and ecosystem partners, aligning with Zetrix’s commitment to supporting global Web3 startups under Hong Kong’s progressive Virtual Assets regulations.
Wong Thean Soon, co-founder of Zetrix, expresses enthusiasm about the collaboration, emphasizing its potential to add immense value to Zetrix and contribute to the growth of the Web3 ecosystem in Hong Kong. Caspar Wong, CEO of Web3Labs, echoes this sentiment, noting the strategic alignment and commitment to fostering impactful Web3 solutions. Henry Chen, Head of Fintech and Blockchain at Summer Capital, underscores their dedication to building an enterprise-grade blockchain ecosystem in Hong Kong, reflecting a significant stride toward seizing market opportunities. – ref: TMR
