Hong Kong’s leading Web3.0 venture capital firm, Hailstone Labs, announced yesterday (25th) that it has signed a memorandum of understanding (MOU) with ABCDE Highlight, a renowned Web3.0 incubator based in Singapore. The two parties will collaborate to promote the common vision of accelerating the transition from Web2.0 to Web3.0.
(Supplementary information: ABCDE Research Report on DEXs, lending, and stablecoin trends)
In a press release provided by Hailstone Labs, it was stated that on January 25, 2024, ABCDE Highlight, a well-known Web3.0 incubator based in Singapore, officially signed a memorandum of understanding (MOU) with Hailstone Labs, a top Web3.0 venture capital firm in Hong Kong. This marks the establishment of a strategic partnership between the two parties.
With a shared vision of accelerating the transition from Web2.0 to Web3.0, the two parties will collaborate to drive innovation and set new industry standards, focusing on Asia and aiming for global impact, in order to create a more inclusive and decentralized digital era.
Utilizing collective expertise to connect the Web3.0 ecosystem
ABCDE Highlight plays a crucial role in incubating and co-founding Web3.0 infrastructure projects and has incubated numerous high-quality projects. Hailstone Labs, as a research-led leading venture capital firm in Asia, is committed to nurturing influential projects. The two parties will strategically collaborate to establish a vibrant and interconnected Web3.0 ecosystem.
Moving from Web2.0 to Web3.0 at full speed
Web3.0 will revolutionize the future, but its full potential has yet to be fully utilized. To address this, ABCDE Highlight and Hailstone Labs are dedicated to bridging the transition from Web2.0 to Web3.0. Together, they will build a vast professional network to help entrepreneurs with a vision for Web3.0 transform their ideas into strategies.
Simultaneously, ABCDE Highlight and Hailstone Labs will provide valuable resources for Web3.0 projects, investing collaboratively in innovation and development surrounding the pillars of Web3.0, including decentralized infrastructure, smart contracts, decentralized applications, cryptocurrencies, and digital assets.
With a forward-looking perspective, ABCDE Highlight and Hailstone Labs will seamlessly navigate the dynamic and ever-changing field of Web3.0, promoting cooperation and knowledge sharing to create a fairer, more transparent, and user-centric digital era.
About ABCDE Highlight
ABCDE Highlight is a Web3.0 incubator and startup accelerator focused on the Asia-Pacific region. With a strong ecosystem composed of exchanges, media, listed companies, SaaS companies, and developer platforms, our primary goal is to support innovative founders, projects, and blockchain, accelerating their growth and overcoming challenges in scaling in the cryptocurrency field.
ABCDE Highlight is backed by a strong team of native crypto advisors with over 20 years of experience in the crypto industry. Our advisors include Du Jun, co-founder of Huobi, ABCDE, New Huo (1611.HK), and Jinse Finance, as well as Bman, managing partner of ABCDE.
About Hailstone Labs
Headquartered in Hong Kong, Hailstone Labs is a team composed of researchers, engineers, designers, operators, and cryptocurrency experts, dedicated to building the next digital economic era. From conceptualization to comprehensive project implementation, Hailstone Labs demonstrates its long-term strategy and commitment, benefiting its portfolio and advisory clients. Hailstone Labs’ venture capital division actively invests in promising startups.
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