Polkadot Enhances Decentralization in Ecosystem Growth With the Launch of PolkaPort East in Hong Kong

HK,
HK,
June
5th,
2024,
Chainwire

Web3
Foundation,
the
entity
supporting
the
growth
of
the
Polkadot
ecosystem,
has
awarded
a
grant
to
PolkaPort
East.
The
Decentralized
Futures
(DF)
grant
is
designed
to
help
further
decentralize
Polkadot
while
spearheading
technical,
community,
and
broader
ecosystem
adoption.

PolkaPort
East
is
an
independent
entity
leading
investor
relations
and
growth
initiatives
for
Polkadot
centered
on
Hong
Kong
and
the
Greater
Bay
Area.
The
DF
grant
from
the
Web3
Foundation
is
the
first
such
award
to
be
received
by
an
organization
working
in
Asia.

The
grant
will
support
PolkaPort
East’s
goals
of
leading
investor
relations
and
growth
for
Polkadot
in
the
region.
Its
mandate
also
includes
promoting
Polkadot
and
its
technology,
and
acting
as
a
key
regional
driver
of
capital
into
the
ecosystem.

Max
Rebol,
co-founder
of
PolkaPort
East
and
CEO
of
Harbour
Industrial
Capital,
a
Polkadot-focused
VC
fund,
said:
“The
launch
of
PolkaPort
East
comes
at
a
crucial
moment
for
Polkadot.
It
represents
a
critical
step
towards
increasing
the
network’s
decentralization
while
strengthening
the
ecosystem’s
strategic
position
in
Hong
Kong.
Thibault
Perréard,
also
a
co-founder
who
heads
up
strategy
for
Bifrost,
a
leading
Polkadot
parachain
added:
“With
the
support
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.” 

Vincent
Chan,
the
third
co-founder
of
PolkaPort
East
who
formerly
led
growth
initiatives
at
Parity
Technologies,
explained
that
following
the
receipt
of
the
DF
grant,
the
initiative
will
seek
to
attract
participants
to
the
Polkadot
ecosystem
across
Asia.
These
include
projects
and
developers
looking
to
build
on
Polkadot,
Polkadot-native
VCs,
funds,
and
capital
allocators,
as
well
as
general
web3
investors.
It
will
also
target
Asian
university
blockchain
collectives
and
associations,
fintechs
seeking
to
enter
web3,
and
local
government
exploring
the
use
of
blockchain
technology.

Speaking
on
behalf
of
the
Web3
Foundation,
David
Hawig,
the
Director
of
Ecosystem,
stated
“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.”

About
Decentralized
Futures 

The
DF
initiative
developed
by
Web3
Foundation
is
designed
to
kickstart
independent
teams
and
initiative
that
will
drive
Polkadot’s
success.
It
was
established
in
2023
following
the
restructuring
of
Parity
Technologies
which
offloaded
responsibilities
for
investor
relations,
growth
and
marketing
to
focus
solely
on
technical
development.

Through
the
DF
program,
funding
is
available
for
Polkadot-focused
organizations
that
aim
to
generate
profit,
as
well
as
for
non-profits
that
have
a
strategy
to
secure
ongoing
financing
through
Polkadot’s
onchain
treasury
system.
An
initial
$20M
plus
5M
DOT
tokens
have
been
allocated
to
Decentralized
Futures
to
expand
the
Polkadot
ecosystem.

About
PolkaPort
East

Based
in
Hong
Kong,

PolkaPort
East
is
an
organization
tasked
with
spurring
adoption
of
the
Polkadot
ecosystem
in
Asia
with
a
focus
on
Hong
Kong
and
the
Greater
Bay
Area.
By
working
with
different
entities
ranging
from
developers
to
investors,
PolkaPort
East
will
help
to
fuel
adoption
of
web3
technology
and
onboard
new
users
to
Polkadot.

Contact

DIrector
Thibault
Perréard
Polkaport
East
[email protected]