Polkaport East Receives Funding to Boost Polkadot Ecosystem in Hong Kong and Surrounding Areas

Moonbeam Network, a popular parachain on Polkadot, has launched a $13 million funding initiative to boost its ecosystem in areas like gaming and real-world asset tokenization. Polkadot has allocated three million DOT tokens, worth approximately $20 million, to two DeFi projects after a community vote. PolkaPort East, a program under Decentralized Futures, has received funding to enhance technical capabilities, build a strong community, and expand the Polkadot ecosystem in Hong Kong and surrounding areas. The goal is to attract new teams and institutional investors while supporting current investors, and Polkaport East is excited to represent Polkadot officially and drive growth initiatives in the HK and Greater Bay Region, which launched its Virtual Asset Trading Platform (VATP) handbook in June 2023 to encourage legitimate crypto activity in the region.