The partnership will be a solid platform for jointly-organised global hackathons. It will also prompt Huobi Incubator to participate actively in the entire lifecycle of Internet Computer-based Web3 projects like dApps, DeFi, Games, NFTs, social media, and Metaverse.
Huobi Incubator is the project incubation arm of Huobi Global. It has announced a strategic partnership with the DFINITY Foundation, a major contributor to the Internet Computer. Internet Computer is the most powerful general-purpose blockchain for building infinitely scalable Web3 dApps.
“Public chains play an important role in the blockchain world. We hope that our cooperation with DFINITY building on the Internet Computer can boost Web3 development to new heights”, said Jewel Chen, Head of Huobi Incubator.
Huobi Incubator will provide end-to-end support for Internet Computer-based Web3 dApps, DeFi, Games, NFTs, social media, and Metaverse projects through this partnership. It will include seed round investment, technology guidance, marketing and community engagement, and more. Huobi Incubator will also assist with the transfer of native assets for Internet Computer, and various multi-chain deployments required for Web3 projects.
Huobi Incubator and DFINITY: Building a Friendly Partnership Ecosystem
The partnership reflects Huobi Incubator’s strong confidence in the Internet Computer’s rapidly growing ecosystem. According to the Electric Capital Developer Report, the Internet Computer is one of the fastest growing developer ecosystems- registering 368% growth since Genesis launch in May 2021.
More than a thousand developers are building work on the Internet Computer. This has resulted in over 30,000 canisters of smart contracts deployed over its network, as of February 2022. This encompasses DeFi, play-to-earn and GameFi, NFTs and marketplaces, instant message and social media dApps, enterprise software, and infrastructure and Metaverse projects.
At the same time, notable venture capitalists are creating funding pools that support projects under Internet Computer. For instance, Polychain Capital launched the Beacon Fund, alongside Andreessen Horowitz and DFINITY. SNZ launched ICP Asia Fund (IAF), alongside Fenbushi Capital, Hashkey Capital, and DFINITY. IAF has been to incubate Internet Computer-based projects and promote the sustainable development of the ICP ecosystem.
DFINITY will lend its support to Huobi Incubator for the global hackathon “Supernova”, that is scheduled in May 2022. Supernova is aimed at promoting and supporting entrepreneurs and developer teams to build next-generation Web3 dApps on the Internet Computer. The collaboration between the two for the hackathon would recruit top builders from around the globe with a grant pool of $1m. The total prize pool for the Supernova hackathon will be in the millions.
In addition, the Web3 Scholarship funding platform was jointly established by Huobi Incubator, CoinMarketCap, Polkastarter, Poolz, DAO Maker, and Cambridge Blockchain Society. This platform is also a co-sponsor Supernova hackathon with workshops and providing additional grants to the winning teams.
“The Internet Computer is the fastest and only infinitely scalable general-purpose blockchain, and aims to become a ‘world computer’ hosting Web3 dApps, DeFi, games, NFTs, social media, and metaverse used by billions of users. Our partnership with Huobi Incubator to launch the Supernova hackathon, one of the largest Web3 hackathons, will allow entrepreneurs and developer teams to build things on the Internet Computer blockchain once considered impossible”, said Herbert Yang, General Manager of Asia Operations at DFINITY Foundation.
About Huobi Incubator
Huobi Incubator is a professional, full-cycle project incubator that integrates industry research with investment funds, incubation processes and accelerators. With the mission of accelerating startup project development across all stages and users, Huobi Incubator helps entrepreneurs and startups overcome obstacles, achieve rapid growth, and work toward their respective visions and goals.
About Web3 Scholarship
Web3 Scholarship is a funding platform jointly initiated by Huobi Incubator and a group of blockchain veterans, venture capitals, universities, and encryption platforms. It will be committed to funding builders in the Web 3.0 field and providing support in many aspects, i.e., funds, incubator mentorship and token listing opportunities for early-stage projects.
Citiesabc was created by a team of global industry leaders, academics and experts to create new solutions, resources, rankings and connections for the world’s top cities and populations.