aelf Sets Up Global Hub in Singapore to Support Web3 Developer Ecosystem Growth

aelf launched aelevate, a gaming vertical offering US$150,000 grants per gaming studio to facilitate their transition to Web3.

aelf established aelf Ventures with a US$50 million ecosystem fund to invest and support promising projects bridging Web2 to Web3.

aelf unveils TMRWDAO to unite diverse enterprises and promote cross-industry sharing and collaboration.

Singapore, 20 September 2023 — aelf, a leading layer-1 blockchain network, has announced the opening of its new global hub in Singapore to support the developer ecosystem growth in APAC and beyond.

This expansion underscores aelf’s commitment to supporting Web2 and Web3 developers, with aelf having launched a pioneering initiative offering up to US$150,000 of grants per studio to help Web2 gaming studios transition into the Web3 space. As part of this big move, aelf has also established aelf Ventures with a US$50 million ecosystem fund and is creating a forward-thinking, decentralised autonomous organisation.

aelf’s new hub, strategically situated in the city’s financial business district, is positioned to accelerate the developer ecosystem’s growth in APAC and beyond. Capitalising on Singapore’s global reputation as a fintech hub with strong blockchain support, aelf gains a distinct advantage in cultivating purposeful collaborations with blockchain developers and digital asset enterprises. Functioning as an instrumental hub, the Singapore office will drive aelf’s dynamic initiatives, including the following notable endeavours:

• Introducing TMRWDAO: aelf is set to launch TMRWDAO, a forward-thinking decentralised autonomous organisation (DAO) that will unite diverse enterprises. With a shared mission to promote cross-industry sharing and collaboration, tmrwdao’s mission is to revolutionise how businesses synergise and innovate within the blockchain ecosystem.
• aelevate Program Launch: aelf’s aelevate gaming program empowers Web2 gaming studios to seamlessly transition to the Web3 landscape. Through this program, aelf will provide grants of up to US$150,000 per studio and support to foster the integration of gaming experiences with the decentralised web.
• aelf Ventures: aelf has launched aelf Ventures with a US$50 million ecosystem fund to invest and support promising projects bridging Web2 to Web3, and innovative blockchain projects on aelf and multichain ecosystems. aelf Ventures is vertical and stage agnostic and will focus on strategic and financial investments.

aelf’s founder, Haobo Ma, shares, “The problem we are currently facing in the blockchain industry is that regular users encounter many challenges to enter. At present, the primary motivation for most users, including many blockchain gamers, is speculation and financial gain, often seeking monetary rewards and bounties. Unfortunately, these users also possess a better understanding of mnemonic phrases, private keys, and the processes to participate in the blockchain space. While there is a space for them, blockchain should also be accessible to ordinary users.”

“Therefore, we must find solutions that allow regular users to enter, and create the environment for such innovations. These technological developments, such as account abstraction wallets, help make blockchain more accessible as users do not need to remember long alphanumeric codes or complex mnemonic phrases to participate in the Web3 space. Our goal is to enable the transition of current Web2 applications, games, and services to a Web3 environment. The new global hub in Singapore will be instrumental in advancing aelf toward accomplishing this mission,” adds Ma.

The opening of aelf’s new global hub in Singapore marks an exciting chapter in its journey, underscoring its dedication to pushing the boundaries of blockchain technology. As a key global player in the blockchain space, aelf remains steadfast in its pursuit of fostering collaboration, innovation, and growth within the industry.

Stay updated on aelf’s news and engage with the aelf community on:

Website: https://aelf.com

Telegram: https://t.me/aelfblockchain

Discord: https://discord.gg/bgysa9xjvD

About aelf

aelf, a high-performance Layer 1 featuring multi-sidechain technology for unlimited scalability. aelf blockchain is designed to power the development of Web3 and support its continuous advancement into the future. Founded in 2017 with its global hub based in Singapore, aelf is one of the pioneers of the mainchain-sidechain architecture concept. Incorporating key foundational components, including AEDPoS, aelf’s variation of a Delegated Proof-of-Stake (DPoS) consensus protocol; parallel processing; peer-to-peer (P2P) network communication; cross-chain bridges, and a dynamic side chain indexing mechanism, aelf delivers a highly efficient, safe, and modular ecosystem with high throughput, scalability, and interoperability.

aelf facilitates the building, integrating, and deploying of smart contracts and decentralised apps (dApps) on its blockchain with its native C# software development kit (SDK) and SDKs in other languages, including Java, JS, Python, and Go. aelf’s ecosystem also houses a range of dApps to support a flourishing blockchain network. aelf is committed to fostering innovation within its ecosystem and remains dedicated to driving the development of Web3 and the adoption of blockchain technology.

Disclaimer: The information provided in this statement is for general informational purposes only and does not constitute legal, financial, or investment advice. Details and terms related to Aelevate outlined here are subject to change without notice, and aelf reserves the right to modify or discontinue the program at its discretion. aelf makes no representations or warranties of any kind, express or implied, regarding the accuracy, completeness, or reliability of the information provided in this statement. Any reliance you place on such information is strictly at your own risk. Participation in Aelevate does not guarantee the successful funding of any gaming studio or the completion of any game development project. The selection of grant recipients will be subject to a rigorous evaluation process based on predefined criteria established by aelf. Blockchain technology and cryptocurrency involve inherent risks, including but not limited to market volatility, regulatory changes, and potential security vulnerabilities. Participants in Aelevate must conduct their own due diligence and seek independent advice before engaging in any blockchain-related activities. By accessing and using the information provided in this statement, you agree to indemnify and hold aelf, its officers, directors, employees, and agents harmless from and against any and all claims, liabilities, damages, losses, or expenses arising out of or in connection with your use of the information or participation in Aelevate. aelf reserves all rights not expressly granted in this statement.