Leading institutions back Asia Blockchain Gaming Alliance (ABGA) in the gaming and blockchain community. We are optimistic about the developments in blockchain games, NFTs, and the Metaverse, and we are taking the initiative to support ABGA-related activities and investments.

To better promote internal communication among members and to achieve efficient resource matching, ABGA has provided a monthly member newsletter for Diamond and Platinum members to update their latest developments. Help people understand the latest industry trends and expand business cooperation opportunities.

As of April 30, the content of the member newsletters in the April monthly report is mainly provided by the following eleven members from the ABGA ecosystem: IOST, BKEX, Waterdrip Capital, Enjinstarter, MetaEstate, Mint Ventures, Bing Ventures, NFTb, KuCoin Ventures, IBG and Mirror Planet. We will provide an English version for this part. If you have any cooperative intentions, welcome to contact us through admin@abga.asia.

IOST

1. On April 6, BitValue Capital invested $10 Million in IOST to Advance Web3 and AI Integration.

2. On April 10, IOST Announced the Official Launch of the Hong Kong Office.

3. IOST participates in multiple events in Hong Kong.

4. On April 13, IOST Participated in Hong Kong Web3 Festival 2023 and met with Cyberport to exchange on Web3 Ecosystem Development.

5. On April 14, IOST Convened Exclusive Seminar with HKSTP on “Blockchain+” | Fostering Corporate Digital Transformation and Advancement.

6. On April 15, IOST was listed on Binance US.

7. On April 21, IOST inaugurated AI Lab to Accelerate the Evolution of Web3 Digital Innovation.

8. On April 24, IOST x TaskOn official partnership.

9. On April 27, IOST partnered with HashKey DID to Reinforce Web3 Infrastructure and Enhance Decentralized Identity Solutions.

See more details and extra information about IOST updates here: https://medium.com/iost/iost-monthly-report-april-2023-229b854e72c1

Waterdrip Capital

1. On April 1, Waterdrip Capital held a Twitter Space event with the theme “AMA: First Principles and Cloud Computing”.

2. On April 3, Waterdrip Capital officially announced that it has jointly launched two digital asset funds with China Pacific Investment Management (Hong Kong) Co., Ltd., aiming to provide investors with more diversified and innovative investment options. The main target investors of the two funds include institutional investors such as corporations and family offices, and high-net-worth individual investors.

3. On April 9, the decentralized trading platform UXUY announced the completion of a $3.2 million seed round of financing, with Waterdrip Capital participating in the investment.

4. On April 21, BlockBeats conducted an exclusive interview with Jademont, the co-founder of Waterdrip Capital in Hong Kong, and published the article “Dialogue with Waterdrip Capital CEO: Compliance in Hong Kong is very attractive”.

5. On April 22, Waterdrip Capital held a Twitter Space event themed “ Entrepreneurship and Employment Opportunities in the Web3 Metaverse”.

6. On April 28, Waterdrip Capital announced that the Web3 Entrepreneurship scholarship program has passed the halfway mark. Through the elimination mechanism, half of the students have successfully advanced.

Enjinstarter

1. Enjinstarter Comes to the Philippines: A New Frontier for Blockchain Investment

2. Along with operating out of Dubai, the Enjinstarter community got Dubai Virtual Assets Regulatory Authority (VARA) license.

3. Upcoming IDOs to look out for investors and crypto enthusiasts including projects like KAIF DAO Platform, Eldarune, Aether and Kvants.ai.

BKEX

1. BKEX LABS successfully held the Hong Kong Night afterparty, following the trend of encryption market and continuing to deploy the ecosystem.

2. BKEX LABS has reached a strategic partnership with SolidProof to provide more professional security services for the encryption ecosystem.

3. BKEX LABS was invited as judge attended the Web3portDemo Day event, and continued to empower high-quality potential projects

4. BKEX LABS is deeply involved in the Korean market, helping the ecological development of blockchain in South Korea with two afterparties in April.

MetaEstate

1. On April 10th, MetaEstate partnered with Wormhole3 to co-found the #hk2023 Stamp-to-earn event, inviting Web3 enthusiasts to engage in interactive activities in Hong Kong.

2. On April 12th, MetaEstate participated in hosting the AVATAR NIGHT: Tracing the Light theme party in Causeway Bay, Hong Kong. The event saw the participation of numerous high-quality Web3 projects and experienced experts.

3. On April 20th, MetaEstate, EverLandDAO, and LK Venture jointly organized the Twitter Space event titled “Recapping the HK Journey: Conversations with the Titans!” The event aimed to invite Web3 industry leaders to share their experiences and insights on Hong Kong.

4. On April 26th, MetaEstate and EverLandDAO co-hosted the Twitter Space event “Ordinals and BRC-20: Pioneering a New Era for Bitcoin!” The event invited guests to discuss the recent hot topics surrounding Ordinals and BRC-20.

Bing Ventures

-UPDATES IN MARCH

News & Events

1. On Mar 3, Bing Ventures co-hosted a side event with Youbi Capital, OP Crypto and Native at ETHDenver. The event featured speakers from Blockdeamon, Galxe, HaypeLab, RSS3 and Transak, and was attended by over two hundred people.

2. On Mar 20, Bing Ventures’ portfolio company MyNFT won the overall winner at Sui’s Web3 developer launchpad Builder House Vietnam.

3. On Mar 22, Bing Ventures announced its participation in Aspecta’s $3.5 million seed round funding to support their efforts in advancing AI-powered Web3 identity. Alongside the announcement, Aspecta released the Beta version of Aspecta ID.

4. On Mar 21, Bing Ventures’ portfolio company Solv Protocol released Solv V3, an industry-facing decentralized liquidity infrastructure providing a unified, secure, and transparency-driven platform for creating, issuing, managing, and settling on-chain funds.

5. On Mar 28, Bing Ventures announced that they will cohost a side event with AI-driven Web3 content aggregator Followin at Hong Kong Web3 Festival.

Research & Thought Leadership:

1. Bing Ventures produced two industry research articles in Chinese in the month, which got widely picked up by top-tier Chinese crypto media sites. You can read them on Bing Ventures’ Medium channel at https://medium.com/@BingVentures

Bing Ventures

-UPDATES IN APRIL

News & Events

1. Bing Ventures successfully held a boutique side event themed Web3 Reimagined around the Hong Kong Web3 Festival 2023 on April 14 in Hong Kong. The event featured A-list speakers from Animoca Brands, Hex Trust, Alchemy Pay, NFTScan, BuilderDAO, Desyn Protocol, GBV Capital, Blockchain Academy Group, and more. With a keynote, two panels and an after-party, the event was an insightful and informative evening for its over 200 invited guests. You can read the press release of the event here: https://finance.yahoo.com/news/bing-ventures-concluded-boutique-side-130000623.html.

2. Bing Ventures attended Consensus 2023 held in Austin TX, where the team met a lot of new and old friends in the space.

3. On April 13, it was announced that Bing Ventures participated in CEBG Studio’s 3-million strategic funding round.

Research & Thought Leadership:

1. Bing Ventures published an in-depth article on algorithmic stablecoins which examines their major types, design and shortcomings and explores how they may develop over time. The article was picked as a Top Story of the DAY on Hackernoon. You can read it here: https://hackernoon.com/will-algorithmic-stablecoins-ever-find-enough-support

2. Bing Ventures provided a Q1 market review and analysis of catalysts for Bitcoin’s performance in the following of the year in its latest quarterly market report. Besides the official channels, the article was also picked up by top-tier financial and crypto media platforms such as Seeking Alpha, Hacknoon, and The Daily Hodl. You can read it here: https://medium.com/@BingVentures/q1-2023-market-review-will-bitcoin-rise-against-the-us-dollar-and-back-to-above-32-000-483ba9799799

Mint Ventures

Campaigns:

1. On Apr 28th, Mint Ventures was invited by Web3BuilderDAO to attend a Twitter Space, further sharing some wisdom about the potentiality of ETH Staking and Liquidity Staking Derivatives.

Insights:

1. Mint Clips Published:

- The Outlook of the On-Chain Bond Market

- Exploring Incentive Models on Trading Platforms: Liquidity VS Trading Behavior

2. Research Report Published:

- A Deep Dive into the Leading AMM Platform: Curve Finance

- Reflexer Finance(RAI): Non-pegged Overcollateral Decentralized Stablecoin

3. 【WEB3 Mint To Be】 Podcast update:

- Spice Finance: Short-term Volatility Breeds Long-term Stability(audio)

4. 【Web3 Founders Real Talk】 #05:

- Spice Finance: Short-term Volatility Breeds Long-term Stability

As an aggregator that has emerged in the midst of the ever-evolving NFT Finance landscape, Spice Finance has set itself apart. In this episode, we invited Co-founder & COO Dylan to share his incredible journey as an early startup entrepreneur on Web3. Get ready to hear the founding story of Spice Finance and Dylan’s own vision of the NFT summer, without any reservations.

NFTb

1. NFTb is gearing up for the new web3 gaming hub launch on the 24th of May aiming to disrupt the space with its one of a kind features. See details here: https://twitter.com/nftbmarket/status/1658130749810413569?s=20

2. NFTb’s incubatee Yoda Labs has published the most in-depth report on “Is E-sports destined to drive mainstream adoption in Web3 gaming and crypto?” co-authored with Dappradar and Sura Gaming (the biggest web3 esports team in Latin America). See details here: https://twitter.com/yodalabs_/status/1655567231357710336?s=20

KuCoin Ventures

1. On May 2, 2023, Kucoin Ventures announced to lead the investment in Cetus, the first DEX of Sui Ecosystem (a hybrid DEX with CLMM+CLOB mechanism). Other investors include: OKX Ventures, Jump Crypto, IDG Capital, NGC, etc.

2. On May 10, 2023, Kucoin Ventures announced the investment in Pudgy Penguins, a well-known NFT project. Other investors mainly include 1KX, Big Brain Holdings, Kronos, Shima Capital, etc.

3. KuCoin Ventures will also attend the EduCon conference in Montenegro.

IBG

1. On April 10th, IBG partner Stanty was invited by Hong Kong Customs to attend the”Virtual Assets and Anti-Money Laundering” seminar” .

2. On April 11, Stanty, a partner of IBG, was invited by the Hong Kong Police Headquarters to attend the “Seminar on Network Security and Virtual Asset Supervision” as a special expert

3. On April 13, PreIN, NOVA and ABGA successfully held the “VC MEETUP” theme exchange meeting in Wanchai, Hong Kong, with more than 2,000 people present.

4. On April 16, IBG partners Stanty and Benjamin were invited as guest judges of the organization to attend the Big Demo Day 2 special investment roadshow held in Cyberport.

5. From April 18th to 19th, PreIN held the theme of “Cross-Boundary Internet and Data Gathering in Hong Kong”. More than 30 entrepreneurs went overseas to study and lead entrepreneurs to visit the Hong Kong Government, Hong Kong Polytechnic, Science Park, Cyberport, and Huawei Cloud. Hongkong.

6. On April 22, PreIN held the “Hong Kong web3 Carnival Summary & Three Currency Model Discussion” Twitter event.

7. On April 24, PreIN gave strategic support to the “2023 Digital Economy VentureCapital Summit”.

Mirror Planet

In the bustling month of May, Mirror Planet has been actively engaged in a multitude of pioneering initiatives. Foremost, the team has made remarkable strides in game development:

1. Treasure Hunting

2. AR mini games

3. Camera for digital character within the real world

Concurrently, significant work has been done in refining visuals:

1. UI upgrade planning

2. New characters design

In the sphere of strategic alliances, Mirror Planet has been industriously forging partnerships:

1. Strategic partnership with Niantic

Lastly, Mirror Planet has been proactively establishing PFP-DAO as an NFT co-create platform:

1. PFP-DAO website launch

2. Card looting feature launch (May 20th)

3. Social medias and AI chat bot

In essence, Mirror Planet has been committed to a diverse range of development fronts in May. Please check out pfp-dao.io for it’s card looting feature, and look forward to more updates on the strategic partnership with Niantic.

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