Blockchain

Polkadot Enhances Decentralization in Ecosystem Growth With the Launch of PolkaPort East in Hong Kong

on

    More in Blockchain:

    HK, HK, June 5th, 2024, Chainwire

    Web3 Foundation, the entity supporting the growth of the Polkadot ecosystem, has awarded a grant to PolkaPort East. The Decentralized Futures (DF) grant is designed to help further decentralize Polkadot while spearheading technical, community, and broader ecosystem adoption.

    PolkaPort East is an independent entity leading investor relations and growth initiatives for Polkadot centered on Hong Kong and the Greater Bay Area. The DF grant from the Web3 Foundation is the first such award to be received by an organization working in Asia.

    The grant will support PolkaPort East’s goals of leading investor relations and growth for Polkadot in the region. Its mandate also includes promoting Polkadot and its technology, and acting as a key regional driver of capital into the ecosystem.

    Max Rebol, co-founder of PolkaPort East and CEO of Harbour Industrial Capital, a Polkadot-focused VC fund, said: “The launch of PolkaPort East comes at a crucial moment for Polkadot. It represents a critical step towards increasing the network’s decentralization while strengthening the ecosystem’s strategic position in Hong Kong. Thibault Perréard, also a co-founder who heads up strategy for Bifrost, a leading Polkadot parachain added: “With the support of the DF grant, PolkaPort East will be tapping into the thriving innovation hubs of Hong Kong and the Greater Bay Area while engaging and fostering relationships with local governments, global enterprises and capital allocators of the region.” 

    Vincent Chan, the third co-founder of PolkaPort East who formerly led growth initiatives at Parity Technologies, explained that following the receipt of the DF grant, the initiative will seek to attract participants to the Polkadot ecosystem across Asia. These include projects and developers looking to build on Polkadot, Polkadot-native VCs, funds, and capital allocators, as well as general web3 investors. It will also target Asian university blockchain collectives and associations, fintechs seeking to enter web3, and local government exploring the use of blockchain technology.

    Speaking on behalf of the Web3 Foundation, David Hawig, the Director of Ecosystem, stated “The Web3 Foundation is thrilled to support the Polkaport East initiative through a Decentralized Futures grant. This project exemplifies our commitment to fostering decentralized access and innovation within the Polkadot ecosystem. We believe Polkaport East will play a pivotal role in enhancing connectivity and empowering the community in Hong Kong, driving forward the vision of a truly decentralized internet.”

    About Decentralized Futures 

    The DF initiative developed by Web3 Foundation is designed to kickstart independent teams and initiative that will drive Polkadot’s success. It was established in 2023 following the restructuring of Parity Technologies which offloaded responsibilities for investor relations, growth and marketing to focus solely on technical development.

    Through the DF program, funding is available for Polkadot-focused organizations that aim to generate profit, as well as for non-profits that have a strategy to secure ongoing financing through Polkadot’s onchain treasury system. An initial $20M plus 5M DOT tokens have been allocated to Decentralized Futures to expand the Polkadot ecosystem.

    About PolkaPort East

    Based in Hong Kong, PolkaPort East is an organization tasked with spurring adoption of the Polkadot ecosystem in Asia with a focus on Hong Kong and the Greater Bay Area. By working with different entities ranging from developers to investors, PolkaPort East will help to fuel adoption of web3 technology and onboard new users to Polkadot.

    Contact

    DIrector
    Thibault Perréard
    Polkaport East
    [email protected]

    PostAd_coinrule_banner728x90

    Comments are closed.

    The Awareness Group (TAG) Launches TAG Capital to Drive Renewable Energy Financing

    2024-10-01T11:00:00Z

    Will Provide Fund Management Services for TAG’s Innovative PPAs and Service and Monetize TAG Loan Portfolios and Investment Tax Credits

    SCOTTSDALE, Ariz., Oct. 01, 2024 (GLOBE NEWSWIRE) -- The Awareness Group (OTC: FHLD) (“TAG”), a rising leader in the alternative energy industry, is excited to announce the launch of TAG Capital—a dynamic new division under TAG Financial, aiming to disrupt the future of renewable energy project financing. TAG Capital will act as the financial backbone of the organization, helping to power the growth of the TAG GRID—an innovative, integrated network of contractors, project developers and sales teams within the alternative energy space.

    Pablo Diaz, CEO and Founder of TAG, commented, "TAG Capital represents a bold step forward in our mission to provide seamless proprietary financing solutions that accelerate the growth of clean energy projects. Through TAG Capital, we’ll fund TAG’s unique lending products, specifically tailored for the sales organization and EPC (Engineering, Procurement, and Construction) members within the TAG GRID. But that's not all—TAG Capital will drive revenue by servicing and monetizing both Investment Tax Credits (ITC) and TAG-owned loan portfolios, ensuring that TAG stays ahead in the fast-moving renewable sector."

    TAG Capital will also pave the way for cutting-edge financial products, including a soon-to-be-announced one-of-a-kind Commercial PPA designed to cater to larger-scale renewable energy initiatives.

    Highlights of TAG Capital:

    • Revolutionary Financing Options:
      • Residential PPAs Beyond Credit Scores: Through its sister division, TAG Financial Services (TFS), TAG Capital will offer unique financing options for residential projects. Unlike traditional models, these solutions don’t hinge on credit scores alone, making green energy accessible to a broader range of homeowners and businesses.
      • Commercial PPAs: Innovative agreements tailored for larger-scale commercial projects, providing flexible financing structures for renewable energy installations.
    • Strategic Loan Portfolio Management: TAG Capital will expertly securitize or manage TAG’s own renewable energy loan portfolios, unlocking new revenue streams, enhancing liquidity and ensuring top-tier risk management for its investors.
    • Monetizing Tax Incentives: TAG Capital will maximize the value of available tax incentives for renewable energy developers and financiers, ensuring every credit is leveraged to its full potential.

    About TAG
    Innovation is at the heart of The Awareness Group (TAG). We are building the TAG GRID, a comprehensive national platform for alternative energy services and solutions targeting commercial and residential projects. With a unique growth model, TAG has acquired five companies across the alternative energy space, ranging from fintech for national residential and commercial project funding solutions, solar lead generation, sales and installation services to blockchain and a digital carbon and renewable energy credits marketplace. TAG is structured for organic growth, complemented by a highly synergistic corporate development strategy focused on expanding current business lines and adding innovative technologies. The Company aims to quickly build a profitable, multi-$100 million company over the next few years and create significant value for customers, employees, partners and current and prospective investors.

    For more information, please visit us at https://www.awarenessgroup.llc/

    Follow us on X: @AwarenessGroup1

    Follow us on LinkedIn: Awareness Group on LinkedIn

    Forward-Looking Statements 
    In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use the words "believe," "anticipate," "expect," "plan," "intend," "estimate," "target" and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described in our most recent report on SEC Form 10-K (under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations"), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.

    TAG Investor Relations and Media Contact:
    Brian Siegel, IRC®, M.B.A.
    Senior Managing Director
    Hayden IR
    (346) 396-8696
    [email protected]


    GlobeNewsWire News

    Recent Comments