Famous philanthropist Qian Fenglei raises $100 million in funding to build the Web3 ecosystem FO-X

Source: 36Kr

FO=Friendship $100 million, he has the most powerful brotherhood in all of China

Famous philanthropist, chairman of Hengfeng International, nicknamed "Qian Duoduo" (Money Abundant) Qian Fenglei, has secured financing for the first time this year. He leads FO-X to fully enter Web3, launching its first product, the instant messaging software FoChat, positioned as a Web3 investment communication platform for ordinary people.

Hengfeng International has announced the completion of $100 million in financing, with Qian Fenglei personally contributing $50 million, and the remaining funds coming from his 50 old friends.

For the past decade, he has consistently ranked in the Top 100 philanthropists on both the Hurun and Forbes charity lists, with total donations amounting to hundreds of millions.

Qian Fenglei is an investor in Yunfeng Fund and Hongtai Fund, with major investments in Ant Financial, Kuaishou, and Alibaba Health. He is also a council member of the Nature Conservancy China (TNC CHINA) and was named a Chinese public welfare figure in 2017.

He is charitable and believes in brotherhood, friendship, and a harmonious world.

He personally went to Daliang Mountain in Sichuan, donating 5 million to the China Welfare Foundation to launch the "Fenglei Early Education Program," providing food, clothing, toothbrushes, cups, building schools, and training preschool teachers for children.

He has donated over 50 million to the Taohuayuan Ecological Protection Foundation, co-chaired by Jack Ma and Pony Ma, and actively participated as a council member, hoping to leave a beautiful environment for future children.

He attended the TNC (Nature Conservancy) global conference, becoming a council member for the China region, learning from international environmental protection experiences. In the same year, he met Warren Buffett and Oracle CEO Larry Ellison.

He has donated a total of 30 million to the Ai You Charity Foundation, initiated by renowned investor Wang Bing and with Pony Ma as vice chairman.

To the Yanran Foundation, initiated by Li Yapeng and Wang Fei, he has donated over 50 million three times to help families with children suffering from cleft lip and palate.

In 2013, during the floods in his hometown Ningbo, he donated 10 million. In 2014, after the Yunnan earthquake, he donated 10 million in cash and supplies. In 2017, he donated 20 million to the Zhejiang Charity Federation.

$100 million, this is Hengfeng International's first and only financing.

Hengfeng International will create a brand new Web3 ecological platform FO-X, with the goal of leading 1 billion users into the Web3 new era.

FO=Optimism+Faith Optimism and Faith to rebuild the global village

In 1985, as internet technology was about to sweep the globe, people eagerly anticipated the formation of a "global village."

Forty years later, people have realized that internet technology has not bridged everything; instead, it has erected walls of information.

Social software blocks social interaction, and the internet blocks connectivity.

"The current earth is too unfriendly. It's either you invade me, or I invade you; it's either I block you, or you block me." Qian Fenglei said.

Elon Musk is a pessimist; he is disappointed with Earth and wants to lead humanity to colonize Mars.

FO-X, however, represents a different attitude.

FO-X has gathered a group of top talents from IT and finance, coming from well-known listed companies and Wall Street in the U.S.

At the same time, they are all Chinese, more optimistic, and more faithful.

"Chinese people emphasize harmony between heaven and humanity. The concept of a global village was first articulated by the Chinese."

Thus, FO-X was born.

The vision of FO-X is to create a community of shared human interests.

The myth of getting rich through speculative cryptocurrency trading in the past decade is too many and too old; the existence of FO-X is for every ordinary person.

This is not a fanciful talk but a pressing reality.

How can everyone have their own privacy, data, and assets? How can we break down information barriers and rebuild the global village? How can everyone socialize more freely?

FO-X has thought of Web3 as the tool.

Compared to the previous Web2 era (internet technology), Web3 (blockchain technology) provides a decentralized database and inherently possesses two major characteristics: transparency and immutability.

------All data will exist on the chain and be owned by users. Therefore, the core value of Web3 lies in openness, privacy, and co-construction.

2024 is the year of Web3.

The year signifies that humanity will enter the world of Web3 on a large scale. Web3 officially bids farewell to the grassroots era and enters the institutional era.

This year, the U.S. Securities and Exchange Commission (SEC) approved the issuance of Bitcoin exchange-traded funds (ETFs).

The future new president of the U.S., Trump, announced that cryptocurrency will become a core strategy for America.

The Hong Kong government released a policy declaration on the development of virtual assets in Hong Kong, demonstrating a positive embrace of Web3.

Web3 is no longer a story of wealth for a few; it has become the daily life of 100 million people and is about to become that of 1 billion.

FO=Future+Freedom leading ordinary people to enjoy the new world of Web3

FO-X, as a giant team of capital and talent, will build a Web3 ecological system, integrating traditional internet with Web3, leading 1 billion users to enjoy the technological dividends brought by Web3.

FO-X first chose to transform Firechat.

Firechat has been inactive for a long time, filled with spam, advertisements, and rampant scams.

FO-X has made the previously lagging user experience smooth, simplified the interface, and supported multimodal contextual interactions such as voice and text, greatly increasing user communication efficiency.

In the future, FoChat will combine Web3 technology with AI agents to create an intelligent instant messaging (IM) platform.

FoChat is positioned as a Web3 investment communication platform for ordinary people, the first stop for everyone in Web3.

FoChat provides 24/7 Web3 news and a series of asset management tools (including wallet address monitoring, intelligent analysis of fund flows, and smart contract security checks) to help everyone manage their Web3 assets.

FoChat will upgrade the experience through gamified tasks, teaching users how to navigate Web3 step by step.

FoChat supports multiple blockchain networks, allowing users to avoid understanding the complex concept of "cross-chain"; as long as they have one type of asset, they can traverse all blockchain networks.

FoChat will integrate AI agents to automatically invest and manage cryptocurrency assets for each user.

FoChat promises to embrace community autonomy (DAO) solutions.

Every day, Qian Fenglei personally communicates with users on FoChat, discussing life and the secrets of wealth.

The sociable Qian Fenglei also enjoys making friends with users.

For instance, one user actively participated in community activities and taught friends around her to use FoChat.

Qian Fenglei rewarded her with 1 Bitcoin (currently worth about $100,000) .

Another user found the group chat on FoChat particularly interesting and sent a red envelope of 0.0000001 BTC to the users in the group.

Qian Fenglei rewarded him with 1 Ethereum (currently worth about $4,000) .

The ambition and scope of FO-X do not stop here; FO-X is about to launch payment and wallet services.

Users can conveniently complete on-chain transactions directly in the chat window and view, manage, and transfer their assets.

They do not need to understand complex technology, nor do they need to comprehend complicated mnemonic phrases,

they do not seek to speculate for profit; they are just ordinary people around us.

In the traditional financial SWIFT system, funds can be stuck in the banking system for up to 7 days. Once banks close, fund circulation immediately halts.

Whether it's Chinese merchants doing trade or students paying rent overseas, they all bear the pain of personal fund blockage.

With Web3 technology, the utilization of funds will reach an atomic level, operating 24/7 without interruption; "advance payment" will completely become an old narrative.

FO-X* aims to be the WeChat and Alipay of the Web3 era.*

For every ordinary person.

To bring even a little change to this world.