ScalingX, a top Web3 developer community and accelerator, is launching its accelerator with a committed investment of $20 million. The accelerator is designed to support and cultivate the Web3 ecosystem, with a focus on building scalable and secure infrastructure solutions such as zero-knowledge (ZK) technology, decentralized finance (DeFi) and metaverse projects.

The founding team at ScalingX believes that the future of the internet is in Web3, and the accelerator helps realize this vision. The accelerator will provide resources and support to promising projects, helping them grow and succeed in the Web3 space. The investment will be used to fund a variety of initiatives, including development, community building, and notably, a global hackathon.

As part of the initiative, ScalingX has announced a global hackathon, partnering with Gitcoin, BeWater, top venture funds and leading universities to support early builders. The “Hunt for X” hackathon provides developers and entrepreneurs with an opportunity to showcase their ideas and receive mentorship from industry experts. The event includes online workshops and in-person meetups. The hackathon aims to bring together the brightest minds across DeFi, ZK and blockchain infrastructure, ending with an exciting demo day to showcase the top projects in the space. More details will be shared on ScalingX’s social media platforms.

“We believe that Web3 is the future of the internet, and it is our mission to help make this vision a reality,” said Chichi Hong, co-founder of ScalingX. “Our accelerator and global hackathon are just the first steps in our commitment to the Web3 ecosystem. We’re excited to work with the talented individuals and teams building the infrastructure of the future.”

Launching early this year, the accelerator and global hackathon are a testament to ScalingX’s commitment to supporting the development needed to power the next generation of the internet. ScalingX believes that the investment and resources provided through the accelerator and global hackathon will drive innovation and growth in the Web3 space, paving the way for a decentralized, more equitable internet.

About ScalingX

ScalingX is a global accelerator across Singapore, Hong Kong and San Francisco dedicated to the development of Web3 and blockchain technologies, with a focus on Zero-Knowledge Proof (ZKP) technology. Our goal is to advance the adoption of blockchain technology around the world through investments. We support early-stage Web3 startups by helping them with talent recruitment, networking, fundraising, project incubation, PR and branding, community building, and more. We are fully committed to building a more scalable, transparent, secure, and decentralized network of tomorrow.

Website: https://www.scalingx.xyz/

Github: https://github.com/scalingx/

Twitter: https://twitter.com/scaling_x

Telegram: https://t.me/scalingx

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