Polkadot Community Foundation Among 18 Firms Setting Up in Hong Kong

Polkadot joins a diverse group of global firms establishing a presence in Hong Kong, contributing to the city’s burgeoning Web3 ecosystem, with anticipated investments and job creation.

DOT

Summary

Polkadot will establish a presence in Hong Kong for research and development and business expansion, as part of a wider initiative attracting nearly 40% overseas companies. With a focus on AI, biomedicine, and blockchain, this fifth batch of firms is set to contribute approximately HK$60 billion in investment and 22,000 jobs over two years.

Terms & Concepts
  • Web3: A decentralized internet concept leveraging blockchain technology for greater user control, digital ownership, and peer-to-peer transactions.
  • Polkadot: A blockchain platform that enables interoperability between multiple blockchains, allowing them to transfer data and assets securely.