HONG KONG, March 20, 2023 — The Web3 Investment Summit 2023, organized by Digital Asset Wealth Tech Platform Aspen Digital - a subsidiary of Everest Ventures Group (EVG), concluded successfully on March 20, 2023 at the Grand Hyatt Hong Kong.

With an aim to promote Hong Kong as an international digital assets hub, the summit gathered over 1,000 entrepreneurs, investors, developers, industry leaders and media from the traditional finance and digital assets industries for in-depth exchanges.

This summit marks the first collaboration between EVG and HK01, with the latter supporting the event as a media partner.

Ben Yu, Director of HK01 Company Limited mentioned that Web3 is the trend of the times with a $50 million allocation from the Hong Kong government to expedite the development of the Web3 ecosystem.

He also added that HK01 will contribute to the development and awareness of Web3 through education, mass media, and advocacy. We are collaborating with EVG this year, hoping to provide corporates and industry cutting-edge information and encourage cross-sectoral ties.

Allen Ng, CEO of Everest Ventures Group said, "We are honored to collaborate with the HK01 team to make Hong Kong a world-leading Web3 innovation center. There will be more Web3-related programs in communications, education, and advocacy this year.”

“EVG will continue to promote the development of the Web3 ecosystem and collaborate with government and private institutions to explore how to strategize Hong Kong's future digital economy and digital assets development, so as to prepare for and embrace various challenges and opportunities," Ng added.

As a pioneering media outlet in Hong Kong, HK01's experienced news team provides the public with comprehensive news, entertainment, and lifestyle information.

Web3 is being touted as the future of the internet. HK01 strives to increase public awareness of Web3 and metaverse with more relevant stories. Meanwhile, HK01 aims to drive more discussions and exchanges among the government, businesses, and industry leaders by conducting research and advocacy on the development of Web3 and metaverse.

HK01 will also roll out educational programs to improve knowledge and applications from various aspects, fostering a Web3 culture and nurturing local talents in the city.

As the global leading Web3 incubator and investment group, EVG has a professional and experienced Web3 team of 300 talents across 10 countries. The group has incubated and invested in over 60 Web3 startups since its inception.

EVG will work closely with HK01 to inform the public about the latest development and trends on Web3. The collaboration aims to enhance public awareness of the emerging technology and promote the development of Web3 in Hong Kong.

Apart from the news information program, EVG will provide industry professionals as mentors for educational programs and offer internship opportunities for developing future talents.

As a Web3 industry pioneer, EVG will also provide insights and guidance on research and advocacy projects, and connect more local and international Web3 practitioners to participate in analyses and discussions, thereby promoting innovative development.

About Everest Ventures Group

Everest Ventures Group ("EVG") is a Web 3 focused venture studio with presence across five continents. Since 2018, it has incubated multiple technology infrastructures such as Kikitrade, Aspen Digital, Vibra Africa, LiveArtX, Cassava and BlockTempo to drive the mass adoption of digital assets. In addition, EVG is an early investor and advisor to 30+ blockchain projects globally, including renowned startups like Dapper Labs, Animoca Brands, Immutable, The Sandbox, Yuga Labs, Krake, Lukka, Upbit and more.

For more information, please visit https://www.evg.co/