HongKong Ecosystem | The 223 Booster Announces the Official List of Initial Executive Committee Members

Zhen
IOST
Published in
9 min readJun 14, 2023

The 223 Booster (Web2.0 to Web3.0 Startup Incubator) comprises IOST and BitValue Capital as the two joint initiators, alongside 23 executive committee members. On June 14th, several renowned institutions from major global crypto markets, such as Spark Digital Capital, BSCS, and 852Web3, officially joined the 223 Booster as the inaugural batch of executive committee members.

The Initial Executive Committee Members

Spark Digital Capital — Research, Investment, and Incubation

Spark specializes in cryptocurrency fund research and invests in the future of blockchain and technology. It is considered a powerful value-added player in the industry. According to comprehensive risk research conducted by The Block and Coinbase, Spark was ranked among the top 10 most active cryptocurrency investors in 2021.

Learn more about Spark Digital Capital: https://sparkdigitalcapital.com/

BSCS — One-stop Incubation Center for Blockchain Startups

BSCStation aims to provide comprehensive resources and services to help blockchain startups succeed. By offering fundraising, IDO and token listing support, and expert advisory services, BSCStation enables entrepreneurs to transform their blockchain ideas into successful businesses. The experienced BSCStation professional team is ready to provide support to users worldwide.

Learn more about BSCS: https://bscstation.finance/

852Web3 — Hong Kong’s Largest Web3.0 Community

852Web3 is dedicated to providing non-financial assistance to incubators.
852Web3’s services include:

  • Event planning, including venue provision, event hosting, attendee engagement, and media production.
  • Social media campaign management, including influencer marketing, Twitter and Discord management, and other consulting services to help relevant projects incubate and establish a strong online presence in Asia.
  • Establishing and managing comprehensive focus groups consisting of project founders and experienced Web3.0 users, providing valuable feedback and insights to incubators.
  • User focus groups, where early adopters can test products and provide confidential feedback to help incubate and launch their core user base.
  • Developing and executing listing strategies to promote incubator-related products and services.
  • Local company registration and regulatory compliance to ensure the incubator operates legally and effectively in Hong Kong.
  • Maintaining good communication with Web3.0-related government departments in Hong Kong, Mainland China, Taiwan, Japan, and Hong Kong’s Web3.0 community, helping the incubator expand its local network and influence.

Learn more about 852Web3: https://www.852web3.io/

More information about the executive committee members of the 223 Booster will be revealed soon. Stay tuned!

The 223 Booster Incubation Support Program

In collaboration with the 223 booster, IOST will integrate the $5 million Ecosystem Incentive Fund (comprising the “New Ecosystem Fund” and “Accelerator Fund”) jointly launched with BitValue with the exclusive support plan for the Hong Kong market. IOST will inaugurate the first-generation incubation support program to assist Web3.0 companies in Hong Kong with their digital transformation and upgrading. Our objective is to explore Hong Kong’s future digital economy development, build an international and innovative Web3 digital ecological integration program in Hong Kong, and provide core digital technology support in areas such as blockchain, privacy computing, AI, XR, and more, empowering healthy and sustainable innovation and development in Hong Kong’s Web3 landscape.

223 Booster First-Generation Incubation Support Program

Technical Support

  • Cross-chain messaging with anyCall technology courses (AnyCall Messaging System Workshop)
  • Financial support for cloud services
  • Software code audit services
  • AnyCall workshops
  • Blockchain as a Service (BaaS)
  • Cross-chain interoperability protocols (CCIP)
  • Privacy computing
  • Artificial intelligence (AI)
  • Extended reality (XR), and more

Ecosystem Empowerment

Incubation and promotion:

  • Professional elites from top investment banks shal provide projects with suitable economic models for development
  • Assisting in incubation during the initial stages and providing successful case studies for reference

Funding support:

  • Providing financial assistance (FA) support for high-quality developer teams without industry experience, enabling early-stage projects to secure startup funds
  • Offering guidance and experience sharing on business models and presentation structures prior to project financing, and facilitating suitable fund matching when required
  • Providing random incentive bonuses for startup teams based on user numbers, user activity, and Total Value Locked (TVL)
  • Non-dilutive bonuses for startup development teams building applications on the IOST chain, accessing the IOST mainnet, and becoming familiar with on-chain system tools.

Market Support:

  • Supported projects gain access to networking activities and meet industry elites from various backgrounds by joining the 223 booster and IOST’s global ecosystem
  • IOST possesses professional research capabilities in the blockchain market, offering in-depth industry research reports to support project incubation and development
  • Leveraging IOST’s global media resources and high-quality cooperative community with a substantial user base, robust media support is provided for the global product promotion and operation of project parties.

Hong Kong Web3 Digital Ecosystem Integration Program Exclusive Support:

  1. Compliance Consulting in Hong Kong: Connecting KOLs, experts, scholars, and policy researchers in the industry.
  2. Products and Services Landing in Hong Kong: Supporting local and global Web2 and Web3 institutions and enterprises in establishing a presence in Hong Kong.
  3. Enhancing International Reputation and Market Influence: Offering resources from Hong Kong’s leading local media and social platforms.
  4. Expanding International Circulation: Recommending ecosystem resources.

The Executive Committee of 223 Booster is continuously expanding, and the relevant incubation support program will be officially launched soon. Stay tuned for more exciting updates!

In the future, IOST will uphold its dedication to iterative innovation and practical implementation of cutting-edge Web3.0 technologies, products, and services. Through a collaborative effort with BitValue Capital, esteemed members of the 223 Booster permanent committee, exceptional strategic partners, and a thriving international community, IOST endeavors to establish an unparalleled startup accelerator focused on Web3.0. This endeavor aims to possess worldwide influence, competitiveness, and reputation. The ultimate goal is to construct a meticulously crafted international Web3.0 digital ecosystem that embodies security, stability, efficiency, and co-creation. By offering comprehensive services and diverse support, this ecosystem will cater to the needs of Web3.0 practitioners in Hong Kong, Asia, and beyond.

If you possess any resources or have intentions to collaborate in the realm of Web3.0 + AI, please do not hesitate to reach out to us. IOST Hong Kong Office Email: hk@iost.io

The “223 Booster” — The Accelerator Powering Web3 Startups

Previously, IOST and BitValue Capital have joined forces to create a strategic partnership and introduce the “5 million US dollars Ecological Incentive Fund.” This collaboration comes at a time when Hong Kong, one of Asia’s major financial centers and a global leader in technological innovation, is experiencing a surge in entrepreneurs and visionaries seeking to explore new business models and technological advancements in the rapidly evolving Web3 landscape.

In light of this promising environment, IOST and BitValue Capital, together with their ecosystem partners, have embarked on a collaborative endeavor to establish the Web3 HK Startup Accelerator in Hong Kong, known as “223 Booster.” The primary objective of this accelerator is to drive the progress of Web3-related technologies within Hong Kong and provide comprehensive support to exceptional Web3 projects. By fostering innovation and offering necessary assistance, the accelerator aims to catalyze the growth of the Web3 ecosystem in Hong Kong.

Read more about the 223 booster and its future plans here:

Two Joint Initiators

About BitValue Capital — Pioneering Web3 Acceleration | Incubation for Elite Blockchain Projects

BitValue Capital was formally established in Toronto, Canada, in 2017. Its core team comprises top-tier talents from North American investment banks, hedge funds, Canadian pension funds, IBM, the Toronto Stock Exchange, and other prestigious institutions. Since its inception, BitValue Capital has been devoted to incubating exceptional blockchain projects worldwide, serving as a bridge for efficient and amicable communication between the East and the West.

Learn more about BitValue at: https://bvcapital.ca/

Empowering Collaboration and Shared Opportunities

BitValue Capital focuses on project incubation, strategic consulting, marketing, ecosystem development, and advisory services. To date, BitValue Capital has provided a multitude of services, including early-stage investment and private rounds, to over 300+ projects, including notable names such as Near, Polkadot, Flow, Definity, Solana, Chia, Woo, SecondLive, Cortex, and many more.

Embracing Hong Kong, Cultivating the Future

To enhance understanding and awareness of blockchain technology, foster international exchanges and cooperation within the field, seize the new opportunities within the era of Web3 digital innovation, and drive the practical application and innovative advancement of blockchain technology in Hong Kong, BitValue Capital, in collaboration with IOST, organized the “2023 Hong Kong Web3 Conference” under the theme “Web2 to Web3, World to Hong Kong.”

The summit took place with great success in Hong Kong at the esteemed Productivity Building, located at 78 Tat Chee Avenue. Co-hosted by IOST and BitValue Capital, the summit brought together a remarkable array of participants, including notable names such as Alibaba Cloud, Animoca Venture, Cyberport, RACA, HashKey, and OSL. The event served as a dynamic platform for capital institutions, prominent blockchain projects, community media, DApp developers, KOLs, and Web3 practitioners from around the world to converge and explore new paradigms and possibilities in the ever-evolving realm of Web3.

Learn more about the event:

About IOST — The Web3 Blockchain Operating System

Since its establishment in 2017, IOST has been deeply immersed in blockchain, utilizing the V8 JavaScript engine, identical to Google Chrome, as the core for executing smart contracts. Building upon this foundation, IOST has made significant blockchain-specific enhancements, ensuring performance, correctness, and security within the mainnet. Following the mainnet upgrade in 2023, IOST 2.0 will feature higher throughput and usability, becoming a truly Web3.0 blockchain operating system.

  • IOST 2.0 — The Merge. IOST will adopt the Beacon Chain + Smart Chain EVM compatible architecture, and both will communicate using the standard Engine API.
  • IOST 2.0 will continue to evolve and upgrade multiple sub-chains, including general-purpose EVM smart contract chains and specialized sub-chains such as NFT chains, gaming chains, and AI Native chains.

IOST’s Ecosystem Construction and Strategic Layout in Hong Kong Web3

On April 7, 2023, we officially established the IOST Hong Kong office and formed the Hong Kong team to promote IOST’s business cooperation and expansion in the Hong Kong market. To foster dialogue and collaboration with local institutions and enterprises in Hong Kong, the IOST team has expanded its investment in the strategic design of the Hong Kong ecosystem development, building an “8-person Hong Kong Special Force.” This group is responsible for ecological growth and business development in Hong Kong, including team members from internationally distinguished law firms and local Web3 industry leaders in Hong Kong.

Learn more about the official launch of the IOST Hong Kong office:

IOST Global Web3 Ecosystem

Presently, IOST has witnessed the maturation of its Web3 ecosystem layout across various countries, including Singapore, Japan, South Korea, Europe, the United States, and Southeast Asia. Through concerted efforts, IOST has forged extensive collaborations with governmental organizations, authoritative institutions, renowned universities, and prominent enterprises. Noteworthy partners include:

  • The Singapore Enterprise Development Agency, Singapore Blockchain Research Institute,
  • Fujimi City Government in Japan, Pracs, Japan Blockchain Industry Association,
  • IEEE, University of Zurich, EHANG Global, AWS, Hyperledger, Sidus, and many others.

These collaborative endeavors have proven instrumental in empowering digital innovation and real-world economic development through the transformative potential of blockchain technology.

The IOST ecosystem consists of over 500 partner nodes and numerous top-tier partners from nearly 30 countries worldwide. These include media companies (Cointelegraph, Jinse, Coinpost, Bitcoin.com, etc.), exchanges (Binance, Huobi, OKX, CoinCheck, Upbit, etc.), top-tier tech teams (Metanyx, Platinum Egg, NFT-Japan Inc., etc.), and enthusiastic communities.

If you would like to hang out with the IOST community on chat or social media or discuss product development, we have something for everyone:

Telegram | Twitter | Facebook | LinkedIn | Medium | Reddit

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Zhen
IOST
Editor for

Senior Community manager, editor, and translator at IOST.