Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 2 September 2022, 17:00 HKT/SGT

Source: Black3Lab Capital
Leading VC Firm, Black3Lab Capital Announces Investment in Ripe Web 3.0 Sectors

NEW YORK, NY, Sept 2, 2022 - (ACN Newswire) - Black3Lab Capital, a venture capital firm built to empower web 3.0 companies with potential for global mass adoption, has announced investments in ripe web 3.0 sectors. Black3Lab's proposed $50 to $100 million fund will focus on building a genuinely feasible economy of web 3.0-fueled products and services for the global populace. In addition to investing in potentially productive web 3.0 sectors, Black3Lab will undertake the enterprise adoption of social media, gaming, and NFTs.

At a recently concluded launch ceremony, co-founder of Black3Lab, Alex Chong, announced that the putative investment fund is in partnership with three famous partners. The Black3Lab fund will focus primarily on enriching projects with the potential to accelerate global adoption.

"We are hyper-focused on web 3.0 companies with the suitable DNA to integrate with existing conglomerates with millions of customers for Black3Lab portfolio companies to tap. Ultimately, mass user adoption will allow web 3.0 platforms and projects to achieve explosive growth and sustainable revenue generation capabilities," Alex Chong reveals.

Unlike web 2.0, which gave rise to internet giants like Google, Apple, Facebook, etc., web 3.0 promotes user-centric ownership, harmonizing perfectly with human incentives. Speaking about the current web 2.0 internet phase and the rise of centralized tech giants, the co-founder of Black3Lab reiterated Alex Chong's claims of web 3.0's potential to deliver at least ten times the market opportunities of the former.

"User-centric networks deliver significantly higher and more explosive growth than their centralized competitors. At the core, you can always find more favorable terms for users. Web 2.0 gave birth to a US$10 trillion market, and now web 3.0 has the potential to deliver ten times the market opportunities," Candy states.

The Black3Lab fund will incorporate a dynamic trading strategy that delivers consistent returns of over 30% to investors.

Black3Lab Partners

Per Alex Chong's announcement at the launch ceremony held at the Peninsula Hotel, Hong Kong, on 18th August 2022, Black3Lab has partnered with notable media veterans like Bob. Bob led the global collaboration team of some of the biggest media tech companies. He also led Strategies and Partnerships at Forkast—a web 3.0 media ecosystem.

Bob recapitulates Candy's idea of user-centric ownership as the key to driving mass adoption in the emerging web 3.0 space.

"Black3Lab Capital is notably unique: We exist not just out of the goal for strong financial returns but to foster the mass adoption of web 3.0 solutions. We believe user-centric ownership will be the key to unleashing the next-generation internet," Bob says.

About Black3Lab Capital

Black3Lab Capital is a VC firm founded in Hong Kong. Black3Lab aims to empower web 3.0 companies with maximum potential for accelerated mass success, offering high returns to investors. The team comprises renowned enterprise founders, tech developers, VCs, media executives, and F&B entrepreneurs keen on introducing a more equitable, rewarding, and innovative internet economy.

Social Contact

Media Contact

Alex Chong, Co-founder & Partner, Black3Lab Capital

PR provider:

SOURCE: Black3Lab Capital

Topic: Press release summary
Source: Black3Lab Capital
From the Asia Corporate News Network

Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

Latest Press Releases
Q2 Metals Concludes Its 2024 Winter Drill Program at the Mia Lithium Property, James Bay Territory, Quebec, Canada  
Feb 27, 2024 21:09 HKT/SGT
U.S. Polo Assn. Supports 2024 U.S. Open Women's Polo Championship(R) Airing on ESPN  
Feb 27, 2024 21:00 HKT/SGT
Tuxera Expands Collaboration With Microsoft on New SMB Licensing Solution  
Feb 27, 2024 21:00 HKT/SGT
Genetec Sets the Stage for Higher Growth Following a Strong Q3FY2024 Performance  
Feb 27, 2024 20:00 HKT/SGT
HKTDC Hong Kong International Diamond, Gem and Pearl Show opens at AsiaWorld-Expo today  
Feb 27, 2024 20:00 HKT/SGT
DOCOMO to Conduct Open RAN Field Trials with Ooredoo, Smart and StarHub  
Tuesday, February 27, 2024 6:53:00 PM
CleverTap partners with Zoomcar to drive customer engagement on their app  
Tuesday, February 27, 2024 5:00:00 PM
Digitalization Empowering Foreign Trade Shipping - Nanhua Logistics, a COSCO Shipping Group Subsidiary, Partners with Bravowhale Technology to Spearhead the Online Implementation of ESG Compliance Standards  
Feb 27, 2024 10:56 HKT/SGT
Mitsubishi Electric Building Solutions to Supply Elevators and Escalators for New Capital Relocation Project in Indonesia  
Tuesday, February 27, 2024 10:00:00 AM
Award Winning Creative Director Guan Hin Tay Unveils Pioneering Book 'COLLIDE: Embracing Conflict to Boost Creativity,' Published by Penguin Random House SEA  
Feb 27, 2024 09:45 HKT/SGT
More Press release >>
More >>
 News Alerts
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: