On September 28, 2023, the DFINITY Foundation, a non-profit R&D entity and a key player in the Internet Computer Protocol (ICP) blockchain space, launched the ICP Asia Alliance and launched a $20 million grant fund to support efforts to strengthen the field of blockchain and AI in the field of blockchain. Asia. Rooted in Zurich and Hong Kong, the alliance focuses on advancing the adoption of blockchain by internet computing, nurturing collaborations and catalyzing innovation within Asia’s booming Web3 and AI domain.
Emerging as a catalyst for a robust Web3 and AI ecosystem in Asia, the ICP Asia Alliance aims to assemble a wide range of stakeholders such as government agencies, investors, tech innovators, academia, developers and community members . The platform it is creating is aimed at incubating education, innovation and collaboration, allowing entities and individuals to leverage the transformative properties of Web3 and AI technologies.
Dominic Williams, Founder and Chief Scientist of DFINITY, highlighted Asia’s growing importance in the web3 ecosystem, noting the region’s early support of ICP and DFINITY. Recognizing the prowess of Asian developers, he acknowledged Hong Kong’s evolving status as a global cryptocurrency nexus, driven by progressive government web3 initiatives, making it a suitable launching pad for the ICP Asia Alliance.
The escalating trend of web3 and blockchain entities expanding their footprint in Asia underlines the region’s increasing role as a global hub for blockchain and web3 innovation. The favorable regulatory environment in financial epicenters such as Hong Kong and Singapore further accentuates the sector’s growth trajectory. The grant fund through the ICP Asia Alliance aims to unlock the potential of Asian developers in shaping the future of web3 on the Internet computer.
DFINITY’s decision to promote growth in the region is epitomized by the establishment of numerous ICP.Hubs across Asia, including in areas such as Hong Kong, India, Malaysia, the Philippines, South Korea, Indonesia and Singapore, since the beginning of the year. These hubs are critical in fostering a growing ICP community, which includes efforts in education, strategic alliances, and project acceleration. They stand ready to work closely with Alliance members in developing ICP solutions in key regions. In addition, DFINITY is on track to forge strategic ties with various institutions and organizations across Asia, which are poised to join the Alliance soon.
The ICP Asia Alliance is committed to inclusivity, providing project support and bringing together community members, developers, entrepreneurs and educational institutions, playing a crucial role in accelerating the adoption of blockchain technology for Internet computing in Asia.
With a vision to decentralize cloud computing, the DFINITY Foundation is at the forefront of cryptographic and distributed computing. By creating the Internet computer, the foundation makes an important contribution to this network and furthers its mission in a rapidly growing digital landscape.
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