Web3Labs Secures $2 Million in Funding on December 1, 2023

According to industry sources, Web3Labs raised $2 million in funding on December 1, 2023. The round was backed by Foresight Ventures, Waterdrip Capital, Qtum, Cipholio Ventures, NexGen Venture, and VCB Technology. Following this investment, Web3Labs' total cumulative funding has reached $2 million.Web3Labs is an integrated portal platform focused on Web3.0 entrepreneurship. The project aligns with policy initiatives from the Hong Kong Special Administrative Region government, supporting global Web3 enterprises in establishing operations in Hong Kong through services such as on-the-ground implementation, investment acceleration, technology collaboration, and compliance assistance. Web3Labs has already established physical incubators in Hong Kong, Singapore, South Korea, Hangzhou, and Beijing, demonstrating strong growth momentum.As the global Web3 industry continues to expand rapidly, Web3Labs' service model is well-timed. This funding round not only reflects investor confidence in Web3Labs' business model but also underscores robust market demand for platforms supporting Web3 startups. Serving as a bridge between traditional markets and Web3 innovation, Web3Labs is poised to play a significant role in advancing the development of the Web3 sector and fostering regional economic cooperation.