Stephen Chow march into Web3: left hand OKX, right hand New Huo technology.

Stephen Chow posted on social media that “Be grateful to find like-minded Web3 partners, and is studying Web3 + AI project, hoping to be my AI to replace me”. The cooperation with New Huo Technology focuses on the latter’s years of investment experience in the virtual asset field and the virtual currency license, and Bingo hopes to enter the virtual asset market with New Huo Technology.

After a few months of silence, Chow again posted a post on Web3 on social media, saying that he had found a Web3 partner and was working on the Web3 + AI project.

He tweeted in October to recruit Web3-related talent, and his group last month announced the establishment of a Web3 fund in partnership with New Huo Technology.

Some industry analysts pointed out that Chow’s participation in the Web3 is iconic, and the move will also help promote the popularization and promotion of Web3 and AI technology. However, Web3 is different from traditional entertainment modes, rules and gameplay, and Chow needs to constantly learn and adapt to new rules and gameplay to succeed in this field.

1 Stephen Chow is studying the Web3 + AI project

On August 7, Stephen Chow posted on social media, “ Thank you to find a group of like-minded Web3 partners who are working on Web3 + AI project. I hope to be my AI to replace me.”

In October 2022, Chow said on social media to recruit Web 3 talent, requiring them to be familiar with Web 3, project management experience, thoughtful, and to help him build a creative future.

At the time, Stephen Chow also said that he would personally select the candidates.

In addition, the logo of Chow’s online conference of OKX, the old cryptocurrency exchange, seems to indicate that the two sides are about to cooperate.

“We did invest in a Web3 project, which has already been licensed for some of Stephen Chow’s film and television IP programs.”OKX officials to Cyber-Verse.Inc. He said that the cooperation with Stephen Chow is still advancing, and it is not convenient to disclose too much information.

On August 4,2023, OKX Ventures announced an investment of $1 million in Moonbox, an AI technology startup. Moonbox Is a Hong Kong, China-based company, and since 2023, the team has been exploring the disruptive significance of generative AI technology for the Web3 and NFT application layers.

In July 2023, Moonbox officially obtained the right to use Stephen Chow’s film IP in the NFT field, including Journey to the West: Conquering the Demons, Journey to the West: The Demons, and The Mermaid. In addition, the team plans to release AIPowered NFT and AI apps for NFT holders by the end of this year.

In the press release, lgnious Yong, Moonbox Advanced consultant, said: “We are pleased to empower the Web3 ecosystem with AI. Our original intention is to promote the integration of AI generation technology and the Web3 ecosystem, which will make NFT more interesting and valuable, as well as a better use case for the entertainment industry.”

“The event of Stephen Chow’s joining the Web3 is iconic and conducive to the development of human society.”In the view of Wang Siyuan, vice president of Shaanxi Blockchain Technology and Industry Development Research Association, Web3 gives equal rights and respect to all people, and adopts unified and transparent rules to operate, so there will be more and more good values, works and artists to join.

In the opinion of Zhu Youping, the rotating chairman of the Blockchain Committee of China Communications Industry Association, artificial intelligence is an important direction for the development of many fields including film and television currently and in the future. AI, especially VR / AR / XR, ChatGPT and other technologies have made breakthroughs in script creation, film special effects, video rendering, movie watching experience and other aspects.

“Stephen Chow’s move will help promote the popularization and promotion of Web3 and AI technology, let more people understand and participate in it, and promote the innovation and application of technology. As a public figure, Stephen Chow’s participation and promotion can attract more people’s attention to this field and promote its development.”Zhu Youping said.

2 Launch the Web3 Fund together with New Huo Technology

Stephen Chow has dropped more than one piece in the Web3 space this year.

On July 18, New Huo Technology (formerly Huobi Technology) announced that it established a partnership fund with Gao Sheng, a wholly-owned subsidiary of Bingo Group, and concluded a technical consulting service agreement. Under the agreement, Gao Sheng will provide several technical consulting services to the Fund.

According to public information, Bingo Group is Hong Kong, China’s film company, formerly known as Ditong International. Diitong International listed on Hong Kong’s Growth Enterprise Market on May 27, with Stephen Chow owning 35.64 percent of its shares, becoming the largest shareholder. Currently, Stephen Chow serves as the executive director of Gao Bi Group.

“Now the fund has signed an agreement and confirmed the direction of the cooperation.”New Huo technology officials to Cyber-Verse.Inc. He said that the cooperation with Stephen Chow is two-way, there are demands for each other, their respective company’s capabilities and resources have formed a complementary.

These person to Cyber-Verse.Inc. Said that the two sides are currently discussing IP direction cooperation, but should involve investment in the field of virtual assets.

New Huo’s asset management company holds category 4 (providing advice on securities) and category 9 (asset management) licences issued by the Securities and Futures Commission of Hong Kong, and has issued four fund products since April 2021. It includes a Bitcoin tracking fund, an Ethereum tracking fund, a multi-strategy virtual asset fund, and an equity fund that invests in blockchain mining-related businesses.

“Stephen Chow is actually very interested in the virtual asset industry.”There are people close to Stephen Chow to Cyber-Verse.Inc. He said that the cooperation with New Huo Technology is based on the latter’s years of investment experience in the virtual asset field and the virtual currency license, and he hopes to enter the virtual asset market with the help of New Huo Technology.

Cyber-Verse.Inc. Send to the interview demand, as of the press has not received a response.