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Hong Kong Web3 Festival NFT tickets are making a grand entrance, offering additional HSK benefits for opening an account on HashKey Exchange

Published

9 months ago

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Hong Kong, March 8, 2024 – The Hong Kong Web3 Festival, co-hosted by Wanxiang Blockchain Lab and HashKey Group, will once again take place in Hong Kong from April 6th to 9th, 2024. This four-day event will span across 4 venues, covering nearly 9,000 square meters. The event will focus on the core topics of various areas within Web3, inviting the brightest minds globally and the most popular and promising experts to share Web3 technical solutions. Renowned investment institutions will also be invited to participate, alongside goverment representatives who will provide insights on Web3 industry developments. This edition of the event will officially introduce NFT tickets, serving as the Web3-style exhibition entry pass for the 2024 Hong Kong Web3 Festival, valid for all four days. Purchasing now will entitle you to a 12% discount.

NFT ticket prices:

  • March Tickets (Sales period: March 1st – March 31st): Official price $599 USD, discounted price $527 USD
  • April Tickets (Sales period: April 1st – April 7th): Official price $699 USD, discounted price $615 USD

Web3 Festival NFT tickets can be purchased on the official website at the following link: https://portus.world/store/0x89675ad90a20Dd7e99c6550b0A0EF71F6146a69C/project/4

For the first time, this conference will implement NFT ticket distribution, sharing ticket sales revenue with partners. After new users register on HashKey Exchange and successfully open an account, they can also receive an additional reward of 25 HSK. For specific details on how to obtain this reward, please refer to the NFT ticket purchase website. Customers purchasing NFT tickets can pay the corresponding ticket price in USDT through standard NFT minting methods and receive NFTs issued on the Polygon blockchain (based on the ERC-1155 protocol). Additionally, customers will receive an entry QR code corresponding to the NFT on the ticketing platform PortUS. At the exhibition site, customers can present this entry QR code to obtain admission badges.

Distribution Partnership Model:

The distribution partnership model for the 2024 Hong Kong Web3 Carnival NFT ticket sales adopts the Web3-style distribution paradigm pioneered by the decentralized sales network PortUS. Web3-style distribution is a new distribution method that utilizes smart contracts as the core business vehicle. Distribution partners are responsible for promoting goods to customers and can receive a certain percentage of the sales amount as rewards from the sale of goods. The reward distribution process is automatically executed by smart contracts to ensure that sales commission rewards are disbursed promptly, securely, and accurately.

NFT Ticket Distribution Benefits:

  1. HSK Reward: NFT ticket holders will receive an additional exclusive reward of 25 HSK after successfully opening an account on HashKey Exchange (Event details to be announced).
  2. Exclusive Pricing: Enjoy an 12% discount off the standard official website price, reducing ticket costs for community members.
  3. Distribution Rewards: Distribution partners can earn a certain percentage of the ticket sales amount as a reward.
  4. Free Booth: The top four distribution partners by ticket sales will receive a complimentary community booth measuring 1.5m x 1.5m, valued at $15,000.
  5. Brand Exposure: Get brand exposure and visibility on the official website of the Hong Kong Web3 Carnival, offering a unique branding opportunity available only once a year.
  6. Early Onboarding: Distribution partners for the Hong Kong Web3 Carnival will automatically become the first batch of community partners on the decentralized flow distribution network PortUS, enjoying ongoing VIP      treatment and substantial material rewards.
  7. Rights: NFT ticket face designs can be specially crafted for key partners, turning them into exclusive memorabilia for the community’s annual industry event.

Distribution Partner Application Process:

Effective immediately, applications for becoming a distribution partner for the 2024 Hong Kong Web3 Festival NFT tickets are now open. Partners with their own readership, members, users, fans, including media, communities, guilds, projects, KOLs, and other traffic types, are welcome to apply for distribution partner qualification for this NFT ticket.

Application Link: https://hongkong.web3festival.org/sponsorapplication

Upon receiving your application, our staff will contact you via the provided contact information to verify details and discuss further cooperation matters. Wanxiang Blockchain, the organizer of the 2024 Hong Kong Web3 Carnival, and HashKey Group reserve the final approval and interpretation rights for distribution partner qualifications. For any inquiries, please email: w3@blockchainlabs.org.

About Web3 Festival

Hong Kong Web3 Festival is a premier Web3 event hosted by Wanxiang Blockchain Labs and HashKey Group, and organized by W3ME. Hong Kong Web3 Festival provides an open stage to foster collaboration, explore the Web3 landscape and establish a shared vision of the digital future. Visit our website: web3festival.org

About PortUS

PortUS is the world’s first decentralized sales network, empowering a wide range of products to access quality buyers through the DeCPS mechanism, and enabling everyone to become a distributor to earn sustainable income. At the same time, it uses SBT for participant identity recognition and feature profiling, more accurately building the next-generation user community and B2B2C e-commerce ecosystem.

About HashKey Group

Established in 2018, HashKey Group is Asia’s leading end-to-end digital asset financial services group that upholds the principle of “compliance first”. Headquartered in Hong Kong and with operations in Singapore and Tokyo. The Group has a wide range of businesses that provide retail investors, large institutions, family offices, funds, and professional and accredited investors with innovative investment opportunities and end-to-end solutions in the fields of digital assets and the Web3 ecosystem.

Our core businesses include HashKey Exchange, the first batch of licensed virtual asset exchanges to offer retail services in Hong Kong; HashKey Capital, a global asset manager investing exclusively in blockchain technology and digital assets; HashKey Cloud, a world-leading blockchain node validation service provider; HashKey Tokenisation, a tokenisation services provider; and HashKey NFT, a Web3 incubation and community operation service provider, among others. To learn more about HashKey Group.

About HashKey Exchange

On a mission to set the bar for virtual asset exchanges in compliance, safety, and security, Hash Blockchain Limited (HashKey Exchange) has been granted as the first batch of licensed virtual asset exchanges to offer retail services in Hong Kong. HashKey Exchange has recently received approval from the Securities and Futures Commission (SFC) of Hong Kong to operate a virtual asset trading platform under Type 1 (Dealing in securities) licence and Type 7 (Providing automated trading services) licence. As HashKey Group’s exchange business, HashKey Exchange provides all-in-one trading services for both professional investors (PI) and retail investors. HashKey Exchange has obtained ISO 27001 (Information Security) and ISO 27701 (Data Privacy) management system certifications.

Stay tuned for more details about HashKey Exchange, and more on  X and LinkedIn.

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Press Release

How Bitcoin’s price rise has increased the number of cryptocurrency payments 

Published

2 days ago

on

November 19, 2024

By

NOWPayments Announces Significant Gain in Crypto Payments

NOWPayments, a leading crypto payment gateway, is excited to announce the significaте Increase of Crypto Payments since the beginning of November. 

Why Bitcoin took a new ATH in November?

Starting in January 2024, Bitcoin’s price was around $48,717, marking a period of cautious optimism following a tumultuous 2023. Throughout the first half of the year, Bitcoin experienced significant fluctuations as market dynamics shifted, driven by regulatory developments and increased institutional interest. By November 2024, Bitcoin had reached a pivotal moment, hitting an all-time high (ATH) of $75,000 on November 8 and then surging to $89,000 shortly thereafter.

This remarkable growth didn’t go unnoticed by the business world. Companies across various industries quickly recognized the massive business opportunity Bitcoin presented. The ATH sent a clear message: Bitcoin was no longer just a speculative asset but a powerful tool for transactions, store of value, and an entry point into the broader crypto economy.

Businesses’ interest in Bitcoin grew for several reasons:

  • Increased Institutional Adoption: Major financial institutions rolled out Bitcoin-based services, providing legitimacy and opening doors for mainstream use.
  • Global Payment Integration: Bitcoin’s borderless nature appealed to businesses seeking efficient, low-cost cross-border transactions, particularly as inflation and currency instability impacted traditional fiat systems.
  • Hedge Against Inflation: As global economies faced ongoing inflationary pressures, Bitcoin became a preferred asset for protecting wealth, especially for businesses looking to diversify holdings.

Climbing to $75K

The journey to $75,000 began with a series of positive developments in the cryptocurrency market. Following the approval of Bitcoin Spot ETFs and increased institutional buying, Bitcoin’s price steadily climbed. On November 7, 2024, Bitcoin reached approximately $76,999 before closing at around $75,820. This surge was fueled by a bullish market sentiment as investors reacted positively to the election results and anticipated regulatory clarity under Trump’s administration.

Breaking Through $80K

Following its initial surge to $75K, Bitcoin quickly surpassed the $80,000 mark on November 10, 2024. The momentum continued as traders rushed to capitalize on the positive sentiment surrounding the cryptocurrency. By this point, BTC was trading at approximately $80,976, reflecting an increase of nearly 9.64% from the previous day.

Approaching a New BTC All Time High at $90K

As of November 12, 2024, Bitcoin’s price soared to around $89,000. This represents a staggering increase within just a few days following the election and highlights the cryptocurrency’s volatility and potential for rapid gains. The combination of strong demand from both retail and institutional investors has driven BTC prices higher as they anticipate further growth.

How has the new ATH for BTC led to an increase in crypto payments?

We decided to analyse how the rise in the price of the main cryptocurrency – BTC affected the number of payments. NOWPayments team took the number of payments before the U.S. election and compared it with the data after the Trump has won. The result exceeded all expectations. Thanks to the growth of BTC from $72,729.89 to $90,750.94, the number of payments increased by as much as 8%. This significant change indicates the increased interest in cryptocurrency and the correlation of BTC price and cryptocurrency usage.

  1. Correlation Between BTC Price and Crypto Payments:

The 8% increase in the number of payments demonstrates a clear correlation between Bitcoin’s price growth and the rising adoption of cryptocurrency for transactions. As BTC’s value surged, so did user engagement with crypto payments.

  1. Increased Interest in Cryptocurrency:

The significant rise in payments highlights growing public and business interest in cryptocurrencies as a viable payment method, especially during moments of market optimism fueled by events like the U.S. election.

  1. Market Events Drive Crypto Adoption:

The post-election Bitcoin rally, combined with its ATH, underscores how political and economic events can directly impact crypto adoption, encouraging more users to explore cryptocurrency as both an investment and a practical payment tool.

About NOWPayments
NOWPayments is a leading crypto payment gateway providing easy and secure payment solutions for businesses around the world. With support for over 300 cryptocurrencies and features like auto coin conversion, donation widgets, and e-commerce plugins, NOWPayments offers flexible and robust payment tools for businesses of all sizes.

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Press Release

Mizzle Partners with InFlux Technologies to Power DePIN Platform with Decentralized Cloud Infrastructure and Advanced Computing Resources 

Published

2 days ago

on

November 19, 2024

By

  • Partnership to provide decentralized computing resources, enhancing platform scalability, security and high availability for distributed services


InFlux Technologies (Flux), a leading global decentralized technology company specializing in cloud infrastructure, artificial intelligence, and decentralized cloud computing services, today announced a partnership with Mizzle, a pioneering decentralized physical infrastructure network (DePIN) platform.

Under the partnership agreement, Flux will provide decentralized computing resources including CPU, GPU, storage and network capacity as required by Mizzle for its platform operations. This includes support for distributed applications and services, ensuring high availability, scalability and security. The agreement also includes monitoring and management of Mizzle’s infrastructure to ensure optimal performance along with maintenance and upgrades of the infrastructure as needed. Mizzle will work toward an estimated spend of $500,000-plus per year post-launch, with an estimated launch of January 2025.

“This partnership represents a key step in our commitment to delivering decentralized computing solutions at scale. By supplying Mizzle with essential resources, we are ensuring the platform’s ability to maintain high availability, scalability, and security. This agreement highlights the growing demand for decentralized infrastructure and demonstrates its practical applications in supporting distributed services,” said InFlux Technologies CEO and Co-founder, Daniel Keller.

Mizzle is a hyper-efficient CI/CDwith no-code development operations which simplifies server management allowing teams to innovate and scale without operational hurdles. Its confidential computing experience carries unmatched security with TEEs, eBPF and decentralized cloud compute, keeping data and operations fully protected. Mizzle has advanced storage and benefits from decentralized cloud storage enhanced with zero knowledge proofs and fully homomorphic encryption. The company is quantum ready with edge computing, is IoT-ready and committed to green computing.

Flux ensures a minimum uptime of 99.99% of decentralized infrastructure services, barring any outages or maintenance windows and offers technical support to integrate and manage the compute resources. Flux offers data security and compliance and complies with all relevant data and security regulations, ensuring the infrastructure is designed to meet regulation standards.

“We are excited to partner with InFlux Technologies, taking a key step toward advancing decentralized cloud solutions. By combining Mizzle’s technology with Flux’s expertise, we will drive greater value for enterprises and governments worldwide. Together, we are shaping the future of decentralized applications and empowering innovation across the ecosystem.,” said Founder of Mizzle Arjun Mishra.

About Mizzle


Mizzle is a DePIN platform designed to empower developers with no-code DevOps. We enable atomic and horizontal scaling of compute and storage, ensuring unparalleled flexibility and performance. Our platform combines advanced AI-driven infrastructure management with trusted execution environments (TEEs), leveraging eBPF technology for real-time protection and monitoring. We also incorporate state-of-the-art cryptographic techniques, including Fully Homomorphic Encryption and Zero-Knowledge Proofs, to guarantee maximum data privacy and security. As we move into the quantum era, with a strong commitment to Green computing (ESG), Mizzle is your trusted partner for scalable, secure, and efficient decentralized infrastructure.

For more information, visit the company’s website at www.mizzle.io.

About InFlux Technologies

InFlux Technologies (Flux) is powering a decentralized Web3 cloud infrastructure composed of user-operated, scalable, and globally distributed computational nodes. Flux provides the critical, high-availability infrastructure for the New Internet. The Flux service offers a fully decentralized alternative to some of the world’s largest cloud infrastructure providers while offering competitive pricing. Flux is committed to developing disruptive solutions that empower individuals and businesses in the blockchain industry, emerging technologies like AI, and the broader technology space worldwide.

For more information, visit the company’s website at www.runonflux.com.

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Press Release

Digital Assets Underinsured: Report Identifies $19 Billion Coverage Deficit, Less Than 3% Secured

Published

3 days ago

on

November 18, 2024

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A recent report, Furthering Digital Assets 2024: Pioneering Insurance Solutions for the Web3 Era, highlights a substantial coverage gap in digital asset insurance, revealing that only 3% of digital assets are currently insured. This gap leaves billions at risk, with an estimated $19 billion in losses from fraud and security breaches since 2011.

The report emphasizes significant incidents that illustrate the vulnerability in the sector. These include a $650 million breach at Ronin in March 2022 and a $614 million loss from PolyNetwork in August 2021. As investments in digital assets increase, so does the call for comprehensive risk management solutions, particularly from institutional stakeholders.

With more than 90% of crypto hedge funds expressing a desire for mandatory insurance on exchange-based assets and around 40% of institutional investors now holding cryptocurrency, the demand for tailored insurance products is clear. Further Ventures, the report’s creator, points to a growing interest from institutions seeking ways to protect their digital assets through robust insurance policies.

The report also sheds light on recent regulatory responses. The Hong Kong Monetary Authority (HKMA), for example, has set mandates for digital asset custodians, requiring 50% insurance coverage on cold storage and 100% on hot wallets. Despite these initiatives, high premiums remain a challenge, with average rates around 0.5%-5% for custody insurance and 5-10% for slashing events and Directors & Officers (D&O) policies.

According to the report, addressing the insurance gap in the digital assets industry will likely require innovation in policy structure, more accessible premium rates, and a regulatory environment that supports the development of effective, comprehensive solutions. As the sector evolves, insurance options may play a critical role in fostering institutional confidence and broader adoption of digital assets.

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