{"id":423735,"date":"2024-06-04T16:59:26","date_gmt":"2024-06-04T15:59:26","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=423735"},"modified":"2024-06-04T17:00:26","modified_gmt":"2024-06-04T16:00:26","slug":"web3-foundation-boosts-polkadots-asia-presence-with-grant-to-polkaport-east","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/web3-foundation-boosts-polkadots-asia-presence-with-grant-to-polkaport-east\/","title":{"rendered":"Web3 Foundation boosts Polkadot&#8217;s Asia presence with grant to PolkaPort East"},"content":{"rendered":"<p>The Web3 Foundation, the organization behind <a href=\"https:\/\/cryptoslate.com\/coins\/polkadot\/\">Polkadot<\/a>, has awarded a Decentralized Futures (DF) grant to PolkaPort East to foster the blockchain network's expansion in Asia, according to a June 4 statement shared with <em>CryptoSlate<\/em>.<\/p>\n<p>This marks Web3 Foundation's first DF grant to an Asia-based entity. The grant aims to enhance Polkadot's decentralization through technical, community, and <a href=\"https:\/\/cryptoslate.com\/real-world-assets-platform-tvvin-leverages-polkadot-to-scale-gold-tokenization\/\">ecosystem growth<\/a>.<\/p>\n<p>This grant, part of an initial $20 million and 5 million DOT tokens allocated to Decentralized Futures, enables Polkadot to fund both for-profit and non-profit organizations that support its ecosystem.<\/p>\n<h2>PolkaPort East<\/h2>\n<p>PolkaPort East is an independent entity that would focus on investor and growth relations for Polkadot in Hong Kong and the Greater Bay Area.<\/p>\n<p>Although the grant amount remains undisclosed, it will support PolkaPort East's mission to boost investor relations and growth for Polkadot in the region. The grant will also <a href=\"https:\/\/cryptoslate.com\/polkadot-backed-conor-daly-secures-top-10-at-indianapolis-500\/\">drive promotion<\/a> and <a href=\"https:\/\/cryptoslate.com\/pudgy-penguins-teams-up-with-mythical-games-to-launch-web3-mobile-game-on-polkadot\/\">capital influx for the ecosystem.<\/a><\/p>\n<p>Max Rebol, PolkaPort East co-founder, emphasized the grant's crucial timing for Polkadot, seeing it as a significant step towards enhancing the network's decentralization and presence in Hong Kong.<\/p>\n<p>Another co-founder, Thibault Perr\u00e9ard, highlighted that the grant will allow PolkaPort East to leverage Asia's thriving innovation landscape. He added:<\/p>\n<blockquote><p>&#8220;PolkaPort East will be tapping into the thriving innovation hubs of Hong Kong and the Greater Bay Area while engaging and fostering relationships with local governments, global enterprises and capital allocators of the region.&#8221;<\/p><\/blockquote>\n<p>David Hawig, Ecosystem Director at Web3 Foundation, said:<\/p>\n<blockquote><p>&#8220;This project exemplifies our commitment to fostering decentralized access and innovation within the Polkadot ecosystem. We believe Polkaport East will play a pivotal role in enhancing connectivity and empowering the community in Hong Kong, driving forward the vision of a truly decentralized internet&#8221;<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The Web3 Foundation, the organization behind Polkadot, has awarded a Decentralized Futures (DF) grant to PolkaPort East to foster the blockchain network&#8217;s expansion in Asia, according to a June 4 statement shared with CryptoSlate. This marks Web3 Foundation&#8217;s first DF grant to an Asia-based entity. The grant aims to enhance Polkadot&#8217;s decentralization through technical, community, [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":423747,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107,77968,76736],"tags":[79540,73927],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Polkadot Expands in Asia with DF Grant to PolkaPort East<\/title>\n<meta name=\"description\" content=\"Web3 Foundation awards a grant to PolkaPort East to foster Polkadot&#039;s expansion in Asia, boosting investor relations and growth in the region.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/web3-foundation-boosts-polkadots-asia-presence-with-grant-to-polkaport-east\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Web3 Foundation boosts Polkadot&#039;s Asia presence with grant to PolkaPort East\" \/>\n<meta property=\"og:description\" content=\"Web3 Foundation awards a grant to PolkaPort East to foster Polkadot&#039;s expansion in Asia, boosting investor relations and growth in the region.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/web3-foundation-boosts-polkadots-asia-presence-with-grant-to-polkaport-east\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-04T15:59:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-04T16:00:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/06\/polkadot-hongkong.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/web3-foundation-boosts-polkadots-asia-presence-with-grant-to-polkaport-east\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/web3-foundation-boosts-polkadots-asia-presence-with-grant-to-polkaport-east\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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