The first Demo Day offline event of the 2nd Tokyo Web3 Hackathon (TWSH)

Author: Cryptogram Venture

On May 17, the first Demo Day offline event and Web3 Sakura banquet of the second Tokyo Web3 Hackathon (TWSH), initiated by Cryptogram Venture (CGV) and supported by institutions such as MetaFocus, TEAMZ, CoinW Labs, Sei labs, and Flow, was successfully held at Toranomon Hills in Tokyo, Japan.

At the Demo Day event, Yuichiro Ito, the representative director of CGV Corporation, delivered a speech. He expressed gratitude to all the initiating and supporting institutions for their strong support of the event and pointed out that blockchain and Web3 technologies will bring tremendous changes to society. He hopes that this hackathon will serve as an opportunity for CGV to work with friends from various sectors in Japan to continuously contribute to building a more equitable, transparent, and sustainable digital world.

Subsequently, representatives from ten projects, including Slash, Guild QB, KEKKAI, Vess, D3D, Coresky, Star, UneMeta, Meta Avatar Show, and RentaFi, from countries and regions such as Japan, Singapore, Hong Kong, and mainland China, delivered impressive project presentations.

During the project presentation, three different themed fireside chats were held. In the fireside chat themed "Japan's Opportunities and Challenges in the Web3 Era," guests including Jason Sai from NTT Docomo, visiting scholar Masanari Koike from Tsinghua University, MASAKI KATAHIR, founder of Mel Capital Limited, Hideki Ikeda from Kaika Exchange, and Yoshida Yohei, CEO of HashPort, engaged in a lively discussion and exchange on topics such as the impact of the Web3 era on Japanese society and economy, Japan's greatest opportunities in the Web3 era, and the role of the Japanese government in promoting the development of the Web3 era.

In the fireside chat themed "The Next 10 Years: Building the Crypto Economy Expanding the Web3 Audience, and Weathering the Storm," CGV Advisor James served as the host, discussing with Tony Gu, founder of NGC, Ciara Sun, founder and managing partner of C² Ventures, Carmen Tan, global strategy manager of CoinW, and Lin, founding partner of Aqua Venture, about the impact of sovereign state support on the popularization of Web3, narratives for navigating bull and bear cycles, and the differences between Web3-native and Web2-native investors, users, and consumers.

In the final roundtable discussion themed "Opportunities, Dilemmas, Rationality, Bubbles: The New VC Circle in the Web3 Era," Leo Deng from LK Venture, Kevin Ren from CGV Asia Partner, Ran Yi from Orderly Network, Jerome, founder of EVG, renowned crypto analyst and derivatives trader Tone Vays, and Feng Han, exchange doctoral student and visiting scholar at Columbia University, provided insightful comments on some of the projects participating in this roadshow and engaged in in-depth discussions on topics such as the new narrative of Web3 and investment opportunities in Japan's Web3 sector.

At the Web3 Sakura banquet held that evening, Kevin Ren from CGV Asia Partner and the attending guests discussed the future and opportunities of the Japanese Web3 market, with over a hundred representatives from various sectors in Japan and well-known institutions in the Web3 industry attending the banquet.

It is reported that this hackathon is expected to continue until September 2023, during which project registration, selection and evaluation, Demo Day offline presentations, online preliminaries, excellent project roadshows, and award ceremonies will be organized. So far, more than 30 VC institutions from around the world have registered to participate in the project selection and evaluation, and more institutional collaborations are being confirmed.

Institutional Cooperation Application (event support, project selection and evaluation, media cooperation, etc.):

Yurinatyou@cgv.fund

Project Registration Channel (continuously open)

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 for funds such as Huobi venture, Rocktree capital, Kirin fund, and Cryptomeria Capital. Currently, CGV has branches in regions such as Hong Kong, Singapore, and Canada.