The 2nd Japan Web3 Hackathon, Tokyo Web3 Spring Hackathon, is about to officially begin
The "Tokyo Web3 Spring Hackathon (TWSH)" is about to officially kick off.Author: CGV
Recently, Cryptogram Venture (CGV) announced that the second Japan Web3 Hackathon event, "Tokyo Web3 Spring Hackathon (TWSH)", initiated by CGV and supported by experts from institutions such as Keio University, NTT DOCOMO, MetaFocus, TEAMZ, and CoinW Labs, is about to officially kick off.
The registration channel for participating projects is now open: https://www.web3hackathon.io/, and institutional collaboration recruitment and negotiations are ongoing.
It is reported that CGV FoF recently sponsored one of Japan's most influential Web3 offline summits, the "TEAMZ Web3 Summit 2023", and will organize the Tokyo Web3 Spring Hackathon (TWSH) Demo Day offline event on the afternoon of the first day of the summit (May 17) at Toranomon Hills.
At that time, dozens of guests will attend the event and speak on-site, including former Japanese Cabinet Office State Minister and head of the web3PT Digital Society Promotion Headquarters, Hirai Masaki, Draper Associates founder Tim Draper, Astar Network founder Watanabe Sota, BitFlyer CEO Yuzo Kano, NTT DOCOMO web3 special expert and ETH Global reviewer Jason Sai, Coincheck Executive Officer Amo Kensuke, OP Crypto Founder David Gan, Infinity Ventures Crypto founding partner Akio Tanaka, STEPN Chief Profit Officer Mable Jiang, NGC Ventures fund partner Tony Gu, SevenX Venture co-founder Qi Liu, and others.
The choice of Japan as the origin of TWSH aligns well with the Japanese government's efforts to vigorously develop Web3. Recently, Japanese Prime Minister Fumio Kishida stated that the arrival of the Web3 era could lead to economic growth in Japan. In the future, the Japanese government will carry out institutional reforms to create an environment that promotes the creation of new services, including Web3-related infrastructure. Japan has significant development potential in the crypto and Web3 fields and may occupy an important position in the global Web3 market.
The organizer CGV stated that this hackathon is different from previous industry hackathons. In addition to focusing on development capabilities, it emphasizes the sustainability and growth potential of projects, with the competition expected to last for six months. The construction and development of the Web3 ecosystem cannot be achieved overnight. The aim is to responsibly examine and patiently support the discovery and assistance of outstanding talents and teams in the Web3 field globally, exploring the vast development space of Web3 together.
It is understood that the first Japan Web3 Hackathon organized by CGV was held from July to October 2022, jointly initiated by the Japanese Ministry of Education, Culture, Sports, Science and Technology, Keio University, SONY, SoftBank, Cointelegraph Japan (CTJ), and supported by dozens of well-known institutions in the global blockchain industry, including Metis, MetaEstate, Atom Capital, Binance, BAI Capital, Consensus Lab, Gate.io, IOSG Ventures, IPFS infinite Japan, NGC Ventures, OKX, Tokyo Tower, and Tokyo Esports Gate. More than a hundred excellent projects from Japan, the United States, Singapore, Dubai, Hong Kong, and other regions participated, and ultimately, nine projects from different tracks stood out through selection, sharing a prize pool of $150,000, with some favored projects also receiving investment from institutions and support from local resources in Japan.
Regarding the focus areas of the second Japan Web3 Hackathon, CGV founder Steve Chiu stated that this event will not only cover popular Web3 tracks such as blockchain infrastructure, DeFi, GameFi, metaverse, NFT, and SocialFi but will also pay special attention to innovative trends like zero-knowledge proofs (ZK), crypto AI integration, innovative stablecoins, DePIN (Decentralized Physical Infrastructure Network), soulbound tokens (SBT), fully on-chain games, and new social applications.
Participating institutions will have the opportunity to engage early with leading projects and share insights with global Web3 industry institutions and practitioners. Participating projects will have the chance to receive investments and entrepreneurial guidance from top global VC institutions, compete for a total prize pool of hundreds of thousands of dollars, and gain support from a $10 million incubation fund.
According to the competition schedule, from April to June, there will be project registration, selection and review, Demo Day offline presentations (Toranomon, Tokyo), online preliminaries, and excellent project roadshows; in September, an award ceremony will be held in Japan.
As of now, more than 30 VC institutions from around the world have registered to participate in the project selection review, and more institutional collaborations are being confirmed.
Institutional collaboration applications (event support, project selection review, media cooperation, etc.):
Yurinatyou@cgv.fund
Registration channel for participating projects:
About Cryptogram Venture (CGV):
Cryptogram Venture (CGV) is a research and investment institution in the crypto industry based in Japan with compliance qualifications. With a business orientation of "research-driven investment," it has participated in early investments in projects such as FTX, Republic, CasperLabs, AlchemyPay, The Graph, Bitkeep, Pocket, and Powerpool, as well as the yen stablecoin JPYW, which is regulated by the Japanese government. At the same time, CGV FoF is an LP of funds such as Huobi venture, Rocktree capital, and Kirin fund. Currently, CGV has branches in regions such as Hong Kong, Singapore, and Canada.
About Keio University:
Keio University, also known as Keio Gijuku, is a world-renowned research-oriented comprehensive university and the first institution of higher education in Japan. Its predecessor was the "Rangaku Juku," founded in 1858, which was a private school that spread Western natural sciences during the Edo period. Under the guidance and influence of its founder, Fukuzawa Yukichi, it continuously developed and played a pioneering leadership role in Japanese society.
About NTT DoCoMo:
Japan's largest mobile communication operator, with over 60 million contracted users. It provides 3G network services across Japan and offered commercial LTE network services as early as 2010. In November 2022, NTT DoCoMo announced an investment of up to 600 billion yen (approximately $4 billion) to develop next-generation internet technology Web3.
About MetaFocus:
MetaFocus is an accelerator focused on incubating innovative projects in the crypto and metaverse sectors, headquartered in Singapore with branches in Tokyo, Hong Kong, and other locations. Its business covers parts of North America, Asia, the Middle East, and Europe, with over 50 partner institutions and nearly a hundred industry mentors. MetaFocus provides matching support for founding teams at every stage of startup growth. We have a top-notch mentor team and rich experience in project localization, offering personalized and differentiated guidance and support in areas such as industry, operations, marketing, financing, and more.
About TEAMZ:
TEAMZ is a digital creative team that provides business strategies and solutions for Web3-related companies seeking new opportunities. We support the needs of clients in the Japanese Web3 market through a one-stop service that covers everything from planning to development and subsequent support for Web3 products and services (such as NFTs, DAOs, GameFi, wallets, and metaverse integration).
