This article is a press release, written and provided by PANews , and does not represent the position of the dynamic zone.
On August 8, Scroll, Ethereum’s native zkEVM scaling solution provider, and Newman Capital, a Web3 technology venture capital firm, announced that they would co-host the highly anticipated ETH Hong Kong event. ETH Hong Kong will be held at Cyberport from October 22 to 24, 2023. The organizing committee is composed of FOMO Asia, PANews, 852 WEB3 and YUET DAO. This will be the first event organized by the Ethereum community in Hong Kong.
"As a global business and financial center, Hong Kong is an important link between the East and the West," said Adrian Lai, founder and managing director of Newman Capital. “The city has attracted many founders and businesses because of its access to capital markets, but there is still more work to be done at the grassroots level to foster local innovation and attract global talent. As a native of Hong Kong, I am excited about Newman’s ability to cultivate We are very excited to play a role on the developer side, establishing Hong Kong as a true global blockchain hub.”
According to statista.com, the market opportunity for blockchain applications in China is expected to reach nearly US$9.7 billion by 2030. Hong Kong is strategically positioned to optimize its role as a gateway to China and its more than 520,000 developers building technology applications domestically.
ETH Hong Kong recognizes the growing demand for enhanced and connected Web3 developer platforms in Hong Kong and across the Asia-Pacific region to establish a collaborative environment to support the development of the developer-driven Ethereum ecosystem. By bringing together developers, investors and industry leaders, the event will promote knowledge sharing, collaboration and innovation in the Web3 space.
Sandy Peng, co-founder of Scroll, said: "We wanted to work with a dedicated team to bring this transformative experience to Hong Kong. This dynamic city has always embraced growth and innovation, providing a platform for forward-thinking businesses. Home offers countless opportunities. By providing a platform for developers who share our vision of a decentralized future, we aim to empower developers in Hong Kong and the wider Asia-Pacific region to seamlessly transition from Web2 to Web3."
The Hong Kong government recently introduced a HK$30 billion mutual fund in 2023 to promote the development of the financial industry, including fintech, blockchain and digital assets. The fund aims to provide grant and funding opportunities to blockchain entrepreneurs and promote innovation and growth in the field. In addition, Hong Kong has maintained a regulatory framework that promotes openness and encourages the development of blockchain and cryptocurrency-related businesses.
ETH Hong Kong provides an immersive experience for participants, providing them with opportunities for networking, knowledge exchange and collaboration. Developers, entrepreneurs, investors and blockchain enthusiasts who are interested in participating in Ethereum Hong Kong activities can obtain more information and submit inquiries through the official website: https://www.ethhongkong.co/
About Newman Capital
Newman Capital is a Hong Kong-based venture capital firm with operations in Asia and the United States. With its extensive knowledge and network, the company is able to communicate and integrate with different communities, including the gap between East and West, Web2 and Web3, developed and emerging markets. Newman Capital seeks out aspiring founders and breakthrough technologies on the Web3 front end, connecting them with top resources to open up new opportunities and channels. For more information, please visit: https://www.newmancapital.com/
About Scroll
Scroll is a zk-Rollup that is completely equivalent to the Ethereum Virtual Machine (EVM) and is designed to provide expansion suite capabilities for the Ethereum network. Scroll is committed to providing users with near-instant and cost-effective transactions, as well as the high security properties provided by the Ethereum network. As a community-focused and fully open source ecosystem, Scroll aims to make the scalability of blockchain accessible to billions of users. Through its zkEVM protocol layer, developer tools, and decentralized applications, Scroll aims to unlock the potential of Web3 with the same security as the Ethereum blockchain. For more information, please visit: https://scroll.io/
