1,000 Web3-focused Startups Will Receive Support to Open Businesses in Hong Kong

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The G-Rocket accelerator has announced it plans to support about 1,000 Web3 startups open businesses in Hong Kong over the next three years.

The company launched the Hong Kong Web3.0 Hub initiative in November this year following the government’s announcement of a desire to develop the virtual asset industry.

According to the South China Morning Post. the co-founder of the structure, Johnny Ng Kit-chong, is a member of the Legislative Assembly of the jurisdiction.

According to Casper Wong, another co-founder and CEO of G-Rocket, more than 150 startups have already signed up for the program. These are mainly projects from Singapore, North America and Dubai by entrepreneurs of Chinese origin. Some founders from mainland China have also expressed a desire to move to Hong Kong, according to him.