CoinW Labs Empowers the Growth of Outstanding Web3 Projects at the 2nd Tokyo Summer Hackathon

BITCOIN • 05/22/2023 am3:12 • Uncategorized • 5817 views

In collaboration with Cryptogram Venture (CGV), Keio University, MetaFocus, and TEAMZ, CoinW Labs concluded the first roadshow of the highly anticipated 2nd Tokyo Web3 Spring Hackathon (TWSH) on May 17th. CoinW Labs joined forces with prominent Web3 experts from around the globe to unearth promising projects and foster the accelerated growth of high-quality Web3 ventures.

The second edition of TWSH was strategically positioned as “Based in Japan, looking at the world,” aiming to identify, support, and nurture exceptional individuals and teams in the Web3 domain on an international scale. The event sought to collectively explore the application potential of trending Web3 tracks and facilitate seamless project initiation, long-term growth, and development. CoinW Labs, along with numerous renowned institutions in the global blockchain industry, extended its support to the event, underscoring the collective commitment to driving innovation and advancement in the Web3 ecosystem.

CoinW Labs Empowers the Growth of Outstanding Web3 Projects at the 2nd Tokyo Summer Hackathon

The project collection for TWSH encompassed a wide spectrum of Web3 tracks, ensuring comprehensive representation of the industry’s forefront. It embraced popular categories such as DeFi, GameFi, Metaverse, NFT, and SocialFi, while also delving into emerging trends like zero-knowledge proof (ZK), encrypted AI fusion, innovative stablecoins, DePIN (decentralized physical infrastructure Internet), soul-bound tokens (SBT), fully on-chain games, new social applications, and other pioneering domains. This inclusive approach fostered an environment of exploration and innovation, encouraging participants to push the boundaries of Web3 technology and create groundbreaking projects in diverse areas.

During the first roadshow day on May 17th, the ten participating projects, hailing from various corners of the globe, were grouped into three categories. Each group presented their project attributes, development plans, or financing strategies to a discerning audience of investors. Simultaneously, the event organizers arranged three enlightening roundtable forums, gathering esteemed professionals from Japan’s local and global Web3 landscape. These forums delved into compelling topics such as the opportunities and challenges for Japan in the Web3 era, the projected development of Web3 and encryption technologies over the next decade, and the current state of the venture capital landscape in the Web3 era. Notably, Carmen Tan, Strategy Manager of CoinW Labs, lent expertise to one of the roundtable discussions, sharing insightful perspectives on topics such as establishing an encrypted economy, expanding the reach of Web3, and navigating the challenges that lie ahead in the coming decade.

CoinW Labs Empowers the Growth of Outstanding Web3 Projects at the 2nd Tokyo Summer Hackathon

Having assumed the role of co-organizer, CoinW Labs made its inaugural participation in this hackathon event. Founded in early 2022, CoinW Labs has swiftly established itself as a world-class distributed ecological incubation laboratory. Its core mission revolves around delivering industry-leading and professional blockchain investment incubation services on a global scale, facilitating the acceleration and sustainable growth of blockchain projects. With a strong focus on GameFi, NFT, DeFi, and other innovative fields, CoinW Labs has successfully identified and nurtured over 300 promising projects since its inception. Remarkably, it has achieved an impressive overall return on financial investment exceeding 20 times, earning accolades within the industry for its comprehensive and efficient services.

According to the spokesperson from CoinW Labs, the hackathon is not only regarded as the “coolest developer carnival in the world,” but also as a prime opportunity to uncover true “genius.” By actively participating in the hackathon competition, CoinW Labs aims to identify and nurture exceptional talents and high-quality projects within the Web3 sphere. Such efforts will undoubtedly enhance the Web3 ecosystem, enrich user experiences, and introduce a diverse range of usage scenarios. By making substantial contributions to the industry’s sustainable development, CoinW Labs reaffirms its commitment to fostering innovation and driving progress within the blockchain community..

CoinW Labs Empowers the Growth of Outstanding Web3 Projects at the 2nd Tokyo Summer Hackathon

▲ Coinw Global Strategy Manager Carmen Tan participated in the Fireplace Dialogue.

The second TWSH is held from April to June, culminating in online and offline roadshows aimed at providing financing opportunities for numerous projects. Upon completion, a distinguished panel will select the winners, including one champion, two second-place recipients, and six third-place finishers, collectively sharing a generous prize pool of 10 million USDT. In addition to the cash rewards, winning projects will also stand a chance to secure additional investments, potentially amounting to millions of dollars. This remarkable opportunity not only recognizes outstanding achievements but also offers promising ventures a pathway to further growth and success.

Web3 represents a transformative opportunity to unlock the potential of “Internet Value Interconnection.” The establishment and growth of the Web3 ecosystem demand a robust, innovative, and revolutionary project landscape. The hosting of the Web3 Hackathon serves as a tremendous platform to identify and nurture exceptional talents, teams, and top-tier projects within the global Web3 sphere. Through collaborative efforts, we aim to delve into the vast development potential of Web3 and pave the way for groundbreaking advancements in the industry. This event stands as a testament to our commitment to fostering growth, innovation, and the realization of a thriving Web3 landscape.

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