As one of the directions for exploring the next generation of the Internet, Web 3.0 has already begun to outline the appearance of the next generation of the Internet. The market structure will become clearer when Chinese forces are expected to rise again in 2023. The BeWater Web3 Innovation Challenge is worth paying attention to for all Chinese entrepreneurs who are passionate about Web3.

Hosted by BeWater, the online Challenge is co-produced by ABCDE Capital, Alibaba Cloud, ScalingX, MetaTrust, Particle Network, Cointime, and SeeDAO. Its aim is to provide Chinese entrepreneurs who are passionate about Web3 technology with an opportunity to showcase their projects and present them to senior investors and industry experts while providing publicity exposure, mentorship guidance, and financial resources to help entrepreneurs succeed in the Web3 field.

The innovation challenge will begin accepting applications on May 5th, and team building and project submissions will also be open. The competition's theme directions include Web3 security, ZK, DeFi, GameFi, NFT, and DAO Tool. The total prize pool is currently up to $30,000. The initial screening will begin on May 20th, and the online Demo Day will be held on May 25th. Participants will have the opportunity to communicate face-to-face with industry experts and investors, showcase their creative projects, and create more favorable conditions for future development.

If you would like to become a partner in this Challenge, please contact BeWater. You can also visit the Challenge page at https://build.bewater.xyz to learn more about the BeWater Web3 Innovation Challenge and actively register to participate. We believe that this event will ignite a wave of Web3 innovation and accelerate the development process of Web3 technology.