ZURICH and HONG KONG, September 28, 2023 /PRNewswire/ — The DFINITY Foundation (DFINITY), a nonprofit research and development organization and a significant contributor to the Internet Computer Protocol (ICP) blockchain, has introduced the ICP Asia Alliance (“The Alliance”) and unveiled a $20 million grant initiative. This initiative is designed to support and nurture blockchain and AI development initiatives based in Asia.
The ICP Asia Alliance is dedicated to cultivating a thriving Web3 and AI ecosystem in Asia, with a primary focus on propelling the adoption of the Internet Computer blockchain. This collaborative effort will unite a diverse group of stakeholders, including government entities, investors, tech entrepreneurs, universities, developers, and community members. By creating a platform for cooperation, education, and innovation, the Alliance aims to empower individuals, businesses, and communities to leverage the transformative potential of Web3 and AI technologies.
Dominic Williams, Founder and Chief Scientist of the DFINITY Foundation, emphasized the significance of Asia in the Internet Computer and broader Web3 ecosystem, stating, “Asia has become a pivotal region for the Internet Computer and the wider web3 ecosystem. A substantial portion of initial support and adoption for ICP and DFINITY has originated from Asia, home to some of the most talented ICP developers. Hong Kong, with its progressive government initiatives embracing web3 technology, has evolved into a thriving global crypto hub, making it the ideal location to launch the new ICP Asia Alliance.”
Recent years have witnessed a notable trend of Web3 and blockchain companies expanding their presence in Asia, establishing the region as a global center for Web3 and blockchain innovation. Progressive regulatory frameworks in major financial centers like Hong Kong and Singapore have further propelled the sector’s growth. With a strong foundation for expansion in place, the ICP Asia Alliance grant fund will strive to realize the full potential of Asian developers who are building the infrastructure for the future of Web3 on the Internet Computer.
ICP’s commitment to fostering growth in Asia is exemplified by the establishment of several ICP.Hubs across the continent since the beginning of the year, including hubs in Hong Kong, India, Malaysia, the Philippines, South Korea, Indonesia, and Singapore. These ICP.Hubs play a pivotal role in nurturing a thriving ICP community by actively promoting awareness and adoption, encompassing educational initiatives, forming strategic partnerships, and accelerating projects. ICP.Hubs will closely collaborate with Alliance members to develop ICP solutions in key regions. Additionally, DFINITY is forging strategic partnerships with various institutions and organizations across Asia, all of whom are poised to join the Alliance in the near future.
Mr. Williams continued, “The Alliance’s mission is to unite diverse stakeholders across Asia to promote and expand the Internet Computer blockchain in the region. By facilitating collaboration between the public and private sectors, the Alliance can unlock the full potential of ICP to fuel innovation and digital transformation in Asia. With its wealth of talent and supportive regulatory environment, Asia is positioned to lead in the next phase of the blockchain revolution.”
The Alliance is committed to inclusivity and supporting projects, bringing together community members, developers, entrepreneurs, and educational institutions. This initiative plays a pivotal role in advancing the adoption of Internet Computer blockchain technology throughout Asia.
About the DFINITY Foundation
The DFINITY Foundation is a nonprofit organization comprised of leading cryptographers, computer scientists, and distributed computing experts. With a mission to transition cloud computing into a fully decentralized state, the Foundation has leveraged its expertise to create the Internet Computer and continues to serve as a significant contributor to the network.