CGV and Web3 Labs jointly launched the AIFocus Accelerator, focusing on the Web3×AI track acceleration

On December 1, the crypto investment firm CGV, in collaboration with Web3 Labs, officially launched the AIFocus Accelerator in Hong Kong, focusing on the intersection of Web3 and artificial intelligence (AI). The aim is to provide comprehensive support in technology, funding, and resources for teams innovating at the convergence of Web3 and AI with forward-thinking ideas and commercial prospects. Web3 redefines data ownership and online interaction with its characteristics of decentralization, transparency, and user empowerment. The powerful data processing capabilities, automation, and intelligent decision-making of AI offer unprecedented opportunities to understand complex patterns and enhance user experiences. The integration of Web3 and AI will not only drive more secure and efficient data management and transaction execution but also open up new application scenarios, such as the optimization of smart contracts, the provision of personalized services, and achieving higher levels of automation and intelligent interaction in decentralized environments. It will also provide innovative solutions for privacy protection, cybersecurity, and sustainable development. The AIFocus Accelerator operates under the principle of "invest first, accelerate later," focusing on discovering and supporting outstanding projects to help them achieve rapid growth. Only after confirming investment intentions will the accelerator provide customized service content based on the different stages of project development, including but not limited to: 1. Utilizing extensive media collaboration resources to enhance project brand exposure; 2. Organizing participation in industry summits, online collaborations, and other activities to increase industry attention; 3. Hosting Hackathons and themed roadshow events to provide a platform for quality projects to showcase and gain more funding support. Kevin Ren, CGV's Asia Partner, stated that CGV will leverage its expertise in the crypto and Web3 fields and global resource advantages, working with Web3 Labs to build a platform for direct dialogue and learning with AI and Web3 industry leaders and senior experts, helping projects grow rapidly and achieve technological breakthroughs and commercial success in the integration of Web3 and AI, aiming to produce more leading projects in this track. Huang Junlang, CEO of Web3 Labs, stated that with a solid foundation in technology research and a sound regulatory environment, Hong Kong has become an incubation center for numerous startups and innovative projects in the Web3 and AI fields. Through this collaboration with CGV, the AIFocus Accelerator hopes to assist more innovative projects at the intersection of Web3 and AI, providing more professional landing services, technical cooperation, compliance consulting, and other services, creating a brand influence based in Hong Kong and radiating globally. It is reported that about thirty investment institutions, incubators, and laboratories are participating in the AIFocus Accelerator, with the list to be announced gradually after screening and confirmation. Standing at the intersection of Web3 and AI technology, the AIFocus Accelerator eagerly invites innovators and developers from around the world to join this historic journey. If you are passionate about the decentralized vision of Web3 and the intelligent potential of AI, and eager to contribute to the integration and development of this field, please consider joining the AIFocus Accelerator to explore the infinite possibilities of Web3 and AI together.

About Web3 Labs

Web3 Labs aims to respond to the policy declaration of the Special Administrative Region government by helping global Web3 enterprises establish themselves in Hong Kong through landing services, investment acceleration, technical cooperation, and compliance support. The goal is to create a one-stop entry for Web3 entrepreneurship. As of the end of July 2023, nearly a thousand Web3 enterprises have been served for consultation or establishment.