The online roadshow of “TWSH”, the first Web3 hackathon competition in Japan, launched by Cryptogram Venture (CGV) and held from September 26 to September 28, was successfully concluded. A total of 36 project teams from Japan, the United States, Singapore, China, India, and other countries and regions, as well as representatives from over 30 professional investment and research institutions in Web3 and encryption, participated in the roadshow.
As the organizer of the TWSH, Yuichiro Ito, the chairman of CGV, delivered an opening speech for the online roadshow, stating that more and more entrepreneurs are joining Web3.0 and Japan has great potential in encryption and Web3. CGV hopes to discover, support, and help outstanding talents and teams in the Web3 field globally, explore the application potential of the popular Web3 areas and assist teams and projects in starting smoothly and achieving sustainable growth and development.
In the following project presentation, 36 project teams introduced their projects and business characteristics, with an emphasis on Web3 ecological panorama, Web3 protocol and infrastructure, Metaverse, Game, NFT, and other aspects of the industry, and actively interacted with the judges to discuss the practical exploration experience of each area of Web3.
On September 30, CGV organized the offline meetup of TWSH in Tokyo with some judges of the Competition Judging Committee and Japanese professionals in Web3 and cryptography. Judges and guests, including Ikkei Matsuda, Naoaki Yamanaka, Kazumasa Miyazawa, and Yoshiyuki Yamada, engaged in active discussions, shared their views and insights and presented their visions for cooperation on topics such as the outlook for Web3 in Japan and the unique opportunities in the Japanese Web3 market.
On October 11, after the joint evaluation by the Competition Judging Committee and nearly fifty organizations, a total of 18 outstanding projects successfully advanced to the next round. The list is as follows (in alphabetical order) :
Assure wallet, BitMetis, Bool Network, Cat Paradise, Connect3, Eigen Network, EstateTrader, GamePhylum, HANGOUT METAVERSE, Mechaverse, MetaJam, Multiverse Play, Passpay(JPYW), Soda Protocol, StarryNift, SWAGGA, zkPass, Zodiac
According to the unified arrangement of the Competition Organizing Committee, the final winners of the awards will be announced in mid-October. The winners will share the prize pool, and some of the favored projects will receive investment from investment institutions and support from local resources in Japan. Meanwhile, the TOP18 projects will be invited to get VIP access to the “Tokyo Web3 Sakura Summit” scheduled to be held in March 2023.
About the “TWSH”
“Tokyo Web3 Summer Hackathon (TWSH)” is initiated by Cryptogram Venture (CGV), and supported by experts from institutions such as the Ministry of Education, Culture, Sports, Science and Technology (MEXT), Keio University, Sony, Softbank, Asia Blockchain Gaming Alliance (ABGA), Cointelegraph Japan (CTJ). It will be “Japan-based and global-oriented”, give full play to Japan’s unique “industry-government-academia” cooperation and innovation mechanism to discover, support, and help outstanding talents and teams in the Web3 field and explore the application potential of the Web3 on a global scale, to help teams and projects start smoothly and achieve sustainable growth and development.
About Cryptogram Venture (CGV)
Cryptogram Venture (CGV) is a Japan-based research and investment institution engaged in crypto. With the business philosophy of “research-driven investment”, it has participated in early investments in FTX, Republic, CasperLabs, AlchemyPay, Graph, Bitkeep, Pocket, and Powerpool, as well as the Japanese government-regulated yen stablecoin JPYW, SONY Tokyo Tower, Metaverse REDO, etc. Meanwhile, CGV FoF is the limited partner of Huobi venture, Rocktree capital, Kirin fund, etc. Currently, CGV has branches in Singapore, Canada, and China.