Altcoin Known as China’s Ethereum Made a New Announcement! Price Reacted!

Neo (NEO), known as China’s Ethereum, and Web3Labs announced the projects that will participate in the Web3.0 Global Acceleration Program.

In a joint statement, the parties announced the projects that will participate in the Web3.0 Global Acceleration Program and stated that a total of 8 projects were selected.

“Neo announced the participation of eight projects in Web3.0 in collaboration with Web3Labs, the Hong Kong-based one-stop gateway for Web3 startups.

These innovative Web3 projects will each receive $20,000 in seed funding, with potential follow-on investments of up to $100,000, as well as comprehensive support to encourage their growth.

The eight projects (listed at the end of the article) span multiple areas, including DeFi, AI, games, and more, and each represents innovation and technological advancement in their respective fields.”

Announcing the projects, Neo Ecosystem Growth President John Wang said, “We extend a warm welcome to all eight outstanding Web3 projects participating in the Web3.0 Global Accelerator Program. Supported by Neo, Web3Labs and other respected professionals, this initiative is dedicated to empowering these projects for success in a highly competitive industry. “Providing strategic guidance, project launches, financial grants and marketing insights, the accelerator program stands as an invaluable resource for aspiring entrepreneurs and innovative developers.” said.

It was stated that the selected projects were TrendX, EVMs, PlayEstates Blade of God X (BOG X), N2FT, OwlSync, Zest and CHIPCHIP.

What is the Web3.0 Global Acceleration Program?

The Web3.0 Global Acceleration Program was jointly launched by Neo and Web3Labs last year.

Launched in Hong Kong in October 2023, the US$10 million Web3.0 Global Accelerator Program aims to support promising projects in the city’s Web3 industry, showcasing Hong Kong’s firm commitment to becoming the global hub of Web3 innovation.

After the announcement, NEO price started to rise.

*This is not investment advice.

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