Web3 DePIN Hong Kong Initiative: HashKey and arkreen Supporting the Development of DePIN Ecosystem in Hong Kong

Co-hosted by Wanxiang Blockchain Labs and HashKey Group, and organised by W3ME, the Hong Kong Web3 Festival 2023 will take place from April 12 to 15.

Hong Kong, March 24, 2023— Decentralised Physical Infrastructure Network (DePIN) is a vital facet of Web3's expansion into the mainstream market. As one of the co-organisers of the Hong Kong Web3 Festival, HashKey Group, together with renowned DePIN project arkreen, will launch the "Web3 DePIN Hong Kong Initiative" to promote the development of the DePIN ecosystem in Hong Kong. The initiative will bring together DePIN projects, builders, investment research institutions, and equipment vendors to work towards this goal. As the co-convener of the event, arkreen will also hold a forum titled "DePIN: Web3 and Digital Infrastructure" with the Hong Kong Web3 Festival organisers, to share insights on global DePIN entrepreneurial teams connecting with Hong Kong and Greater Bay Area's policies and resources, promoting DePIN projects, and hardware equipment manufacturers to land in Hong Kong, and establish Hong Kong as the centre of the global DePIN ecosystem.

The “DePIN: Web3 and Digital Infrastructure” panel will feature influential speakers including:

(Listed in no particular order)

·GAO Yuan, Head of Growth, Helium Foundation

·Kang Shen, Founder of HashGlobal

·EO Hao, Founder of FutureMoney

·Salvador Gala, Managing Partner, Escape Velocity (EV3)

·Puyu Wang, Research Manager, Wanxiang Blockchain

·Kobby Chen, Investment Director, Fenbushi Capital

·Leo Lin, Founder of arkreen

·Laser Ding, Partner of arkreen

·Yifan, Co-Founder of Geodnet

·Sherlock Shi, CEO, Meson Network

·Jeff Yee, CEO, Airwaive

·Raullen Chai, Co-Founder & CEO, IoTeX

·LUO Jun, GM for New Business of Fibocom

·Derek Qian, Director of Marketing, ARM

·Ken Yu, CEO of RAK

·Yu Jiang, Partner of Seeed Studio

·Ivy Peng, Founder of Zillion Intelligence

Paradigm Shift of Digital Infrastructure Network

In recent years, the Web3 community has become increasingly aware of the critical role of DePIN in integrating Web3 with the real world to achieve a billion-user scale. DePIN, as an emerging trend in 2023, utilises blockchain and the Internet of Things (IoT) to ensure a trusted data foundation for the physical world. Using a fair and transparent consensus mechanism, DePIN motivates and schedules global users to jointly build a digital infrastructure network. From an economic theory perspective, DePIN solves the dilemma of public property construction through economic means. From a business model perspective, DePIN opens up a low-threshold path to constructing global infrastructure. From the perspective of paradigm shift, DePIN integrates DAO, blockchain, IoT, etc. and may bring true Web3 integrated innovation.

Representative cases in this field include global decentralised data storage network Filecoin, the world's largest IoT network Helium, vehicle data network DIMO, roadmap network Hivemapper, and decentralised energy data network arkreen, among many other projects emerging continuously and reconstructing a new logic for constructing a global hardware infrastructure network. Taking Helium as an example, the project completed the laying of nearly one million LoRa IoT stations worldwide in just three years.

A common feature of DePIN projects is that they require a carrier based on hardware as infrastructure services, and most of these hardware equipment manufacturers are from the Greater Bay Area (GBA).

As the gateway of the Greater Bay Area, Hong Kong has a global supply chain and industry resources for excellent hardware equipment manufacturing, as well as friendly Web3 policies and an international business environment. For DePIN, Hong Kong's superior geographical conditions and policy environment are the breeding ground for developing DePIN projects, seizing opportunities to reconstruct the digitisation of global industry infrastructure, and providing new infrastructure models for the digital age! On the morning session of April 13th, renowned industry opinion leaders from around the world will gather in Hong Kong to delve into the connection between Web3 and the physical world.

This much anticipated panel is a part of the larger four-day Hong Kong Web3 Festival 2023, which also includes multiple exciting Web3 leader dialogues and industry-focus discussions. This mega Web3 event will cover five venues with a total area of nearly 9,000 square meters, attracting more than 10,000 onsite audiences, over 300 distinguished speakers, and more than 100 popular Web3 projects, communities, and media participating in the exhibition.

For more information on the guest speakers and participating projects, please follow the official Twitter account of the Hong Kong Web3 Festival 2023 to stay up to date with the latest developments.

Contact the Organiser: [email protected]

Apply for: Business collaboration and sponsorships | Speaker and Panel Session | Sub-stage Event Host

About the Web3 Festival

The inaugural Hong Kong Web3 Festival (12–15 April) is a digital asset-focused conference co-hosted by the HashKey Group and Wanxiang Blockchain Labs and organised by W3ME at the Hong Kong Convention and Exhibition Centre. The event will draw more than 10,000 offline attendees and will also feature over 100 crypto projects as exhibitors and 300 distinguished industry leaders, venture capitalists and senior executives from finance institutions as speakers. The Hong Kong Web3 Festival 2023 will be held in sync with the Hong Kong International Innovation and Technology Exhibition (InnoEX), organised by the Hong Kong Trade Development Council (HKTDC). Together, this series of events are branded as the Business Week of Innovation and Technology (BitWeek) hosted by HKTDC.

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About HashKey Group

HashKey Group is an end-to-end digital asset financial services group in Asia. The Group provides a complete ecosystem across the entire digital asset landscape, ranging from trading, custody, venture investment, technologies to Web3 infrastructure. HashKey’s senior team has decades of investment and trading experience and deep market insights gained from tier-one banks, regulators and FinTech ventures. By bringing together the most advanced blockchain research and development and technologies, HashKey identifies potential opportunities and delivers end-to-end solutions that operate within regulatory frameworks with the highest compliance standards. The Group has operations in Hong Kong, Singapore and Japan, and extensive partnerships with FinTech and blockchain solutions providers, academic institutions and associations.

About Wanxiang Blockchain Labs

Funded by China Wanxiang Holdings in Sep.2015, Wanxiang Blockchain Labs is a non-profit research institution with Vitalik Buterin, Founder of Ethereum as its Chief Scientist. Aiming to accelerate socioeconomic development with blockchain technologies, Wanxiang Blockchain Labs has been gathering global experts together to research such topics as blockchain technology R&D, commercial application, industrial strategies, etc. and providing practical instructions for startups and useful references for policy makers.