David Vance

Polkadot

Foundation

<div class="finbold">
 <p class="paragraph">Web3 Foundation has announced a new grant awarded to PolkaPort East, aimed at furthering decentralization and bolstering community engagement within the Polkadot (DOT) ecosystem, as per the latest info shared with Finbold on June 4.&nbsp;</p>
 <p class="paragraph">This Decentralized Futures grant is the first such grant to an organization in Asia.</p>
 <h2 class="wp-block-heading" id="h-polkadot-to-drive-growth-in-hong-kong-and-the-greater-bay-area">Polkadot to drive growth in Hong Kong and the Greater Bay Area</h2>
 <p class="paragraph">PolkaPort East, an independent entity focused on investor relations and growth initiatives in Hong Kong and the Greater Bay Area, will utilize the grant to drive regional growth.&nbsp;</p>
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 <p class="paragraph">The initiative aims to promote Polkadot’s technology, fostering strategic investments and collaborations in the local <a rel="noopener noreferrer nofollow" title="ecosystem" href="https://thebittimes.com/tag/ecosystem.html">ecosystem</a>.</p>
 <p class="paragraph">Max Rebol, co-founder of PolkaPort East and CEO of Harbour Industrial Capital, a venture capital fund centered on Polkadot, emphasized the strategic timing of PolkaPort East’s launch, stating:</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“The <a rel="noopener noreferrer nofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a> of PolkaPort East comes at a crucial moment for Polkadot. It represents a critical step towards increasing the network’s <a rel="noopener noreferrer nofollow" title="decentralization" href="https://thebittimes.com/tag/decentralization.html">decentralization</a> while strengthening the <a rel="noopener noreferrer nofollow" title="ecosystem" href="https://thebittimes.com/tag/ecosystem.html">ecosystem</a>’s strategic position in Hong Kong.”</p>
 </blockquote>
 <p class="paragraph">Thibault Perréard, likewise a PolkaPort East co-founder, added:&nbsp;</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“With the <a rel="noopener noreferrer nofollow" title="support" href="https://thebittimes.com/tag/support.html">support</a> of the DF grant, PolkaPort East will be tapping into the thriving innovation hubs of Hong Kong and the Greater Bay Area while engaging and fostering relationships with local governments, global enterprises and capital allocators of the region.”&nbsp;</p>
 </blockquote>
 <p class="paragraph">Reflecting his colleagues’ sentiment, David Hawig, Director of Ecosystem at Web3 Foundation, likewise expressed enthusiasm for the PolkaPort East initiative:</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“The Web3 Foundation is thrilled to support the Polkaport East initiative through a Decentralized Futures grant. This project exemplifies our commitment to fostering decentralized access and innovation within the Polkadot ecosystem. We believe Polkaport East will play a pivotal role in enhancing connectivity and empowering the community in Hong Kong, driving forward the vision of a truly decentralized internet.”</p>
 </blockquote>
 <h2 class="wp-block-heading" id="h-expanding-polkadot-s-reach-in-asia">Expanding Polkadot’s reach in Asia</h2>
 <p class="paragraph">The initiative will attract participants across Asia, including developers, venture capitalists, and Web3 investors, and engage with university blockchain collectives, fintech companies, and local governments exploring blockchain technology.</p>
 <p class="paragraph">Web3 Foundation launched the Decentralized Futures initiative in 2023 to support independent teams driving Polkadot’s success.&nbsp;</p>
 <p class="paragraph">Inspired by Parity Technologies’ restructuring to focus solely on technical development, the program offers funding to both profit-driven and non-profit Polkadot-oriented organizations.</p>
 <p class="paragraph">The program has dedicated an initial $20 million and 5 million DOT tokens to expand the Polkadot ecosystem, ensuring ongoing innovation.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/polkaport-east-launches-in-hong-kong-supporting-the-decentralization-of-polkadot-ecosystem-tbt91290.html">https://thebittimes.com/polkaport-east-launches-in-hong-kong-supporting-the-decentralization-of-polkadot-ecosystem-tbt91290.html</a></p>

PolkaPort East launches in Hong Kong, supporting the decentralization of Polkadot ecosystem

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