The Web3 Foundation, which supports the growth of the Polkadot ecosystem, has awarded a grant to PolkaPort East. This Decentralized Futures (DF) grant aims to advance the decentralization of Polkadot while promoting technical development, community engagement, and broader ecosystem adoption.
PolkaPort East operates independently and focuses on investor relations and growth initiatives for Polkadot in Hong Kong and the Greater Bay Area. Notably, this grant from the Web3 Foundation marks the first award given to an organization working in Asia.
PolkaPort East: Driving Polkadot Growth in Asia
The Web3 Foundation has awarded a grant to PolkaPort East to support its mission of leading investor relations and growth initiatives for Polkadot in Asia. This Decentralized Futures (DF) grant aims to promote Polkadot’s technology and increase decentralization while attracting capital into the ecosystem.
Max Rebol, co-founder of PolkaPort East and CEO of Harbour Industrial Capital, emphasized the significance of this initiative for Polkadot’s decentralization efforts in Hong Kong. Thibault Perr茅ard, another co-founder leading strategy for Bifrost, highlighted that the DF grant will help PolkaPort East leverage innovation hubs in Hong Kong and the Greater Bay Area, fostering relationships with local governments, enterprises, and capital allocators.
Vincent Chan, the third co-founder and former growth lead at Parity Technologies, outlined PolkaPort East’s plans to engage Asian participants in the Polkadot ecosystem. This includes attracting projects, developers, Polkadot-native venture capitalists, and web3 investors, as well as collaborating with blockchain collectives, fintechs, and local governments interested in blockchain technology.
David Hawig, Director of Ecosystem at the Web3 Foundation, expressed enthusiasm for supporting PolkaPort East through the DF grant. He emphasized the initiative’s role in advancing decentralized access and innovation within Polkadot, enhancing connectivity, and empowering the community in Hong Kong toward a decentralized internet vision.
Web3 Foundation’s DF Initiative: Fueling Polkadot’s Success
The DF initiative, developed by the Web3 Foundation in 2023, aims to kickstart independent teams and initiatives that drive Polkadot鈥檚 success. This initiative came about following Parity Technologies’ restructuring, which shifted its focus exclusively to technical development by delegating investor relations, growth, and marketing responsibilities.
Through the DF program, funding is available for both profit-driven Polkadot-focused organizations and non-profits with strategies to secure ongoing financing through Polkadot鈥檚 onchain treasury system. Initially, $20 million plus 5 million DOT tokens were allocated to Decentralized Futures to expand the Polkadot ecosystem.
Based in Hong Kong, PolkaPort East plays a crucial role in fostering the adoption of the Polkadot ecosystem across Asia, particularly in Hong Kong and the Greater Bay Area. Collaborating with developers, investors, and various entities, PolkaPort East aims to accelerate the adoption of web3 technology and onboard new users to Polkadot.
Important:聽Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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