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[PRESS RELEASE – Berlin, Germany, September 7th, 2023] Next Block Expo (NBX), the Blockchain Festival of Europe, is set to make its return to Berlin on December 4th and 5th. 2500+ Attendees, 140+ Speakers, 60+ Exhibitors, 8 Awards Categories. The third edition of the highly anticipated event will take place at the iconic CineStar Cinema, […]

[PRESS RELEASE – Hong Kong, Hong Kong, August 2nd, 2023] Terminal 3, a Hong Kong-based Web3 startup, has successfully raised an oversubscribed pre-seed round to build user data infrastructure for a decentralized future. The company announced today a world-class investor group comprising 500 Global, CMCC Global, Consensys Mesh, Bixin Ventures, BlackPine, DWeb3, Hard Yaka, Bored […]

Hong Kong, Hong Kong, August 2nd, 2023, ChainwireTerminal 3, a Hong Kong-based Web3 startup, has successfully raised an oversubscribed pre-seed round to build user data infrastructure for a decentralized future. The company announced today a world-class investor group comprising 500 Global, CMCC Global, Consensys Mesh, Bixin Ventures, BlackPine, DWeb3, Hard Yaka, Bored Room Ventures, Mozaik Capital, and others.The company aims to replace centralized data storage that deprives users of privacy and saddles enterprises with compliance and security issues and their associated costs. Terminal 3 leverages decentralized storage and zero-knowledge proofs to empower an equitable Web3, where user data is freely composable while remaining fully private and secure.“The continued growth in blockchain allows us to reimagine digital data ownership and security,” said Gary Liu, CEO of Terminal 3. “We believe that data should flow freely between applications to drive innovation and improve user experience, but not at the expense of personal privacy and control.”Terminal 3 was co-founded by Gary Liu alongside his partners Malcolm Ong (CPO) and Joey Liu (COO). All three were former entrepreneurs and business leaders who have built, scaled, and transformed some of the world’s leading technology companies. The co-founders previously worked together at the South China Morning Post, where they led the historic newspaper’s successful digital transformation. Gary was the Post’s CEO, while Malcolm and Joey were SVP of Product and Head of Strategy respectively.Malcolm was also the Co-founder and CTO of Skillshare, the world’s largest online learning community for creativity, while Gary and Joey co-founded Artifact Labs, a Web3 startup backed by Blue Pool Capital and Animoca Brands that is preserving historical assets on the blockchain. Gary is also the Founding Chair of Web3 Harbour, an association in Hong Kong serving Web3 builders, investors, users, and leaders.“I believe Gary, Malcolm, and Joey are perfectly suited to address data privacy problems that plague the internet,” said Vishal Harnal, Managing Partner at 500 Global. “Their mix of consumer startup success and expertise in enterprise technology could help bridge a critical gap between the old world of centralized data and the new world of decentralized identity.”Growing Need for Alternative Data InfrastructureOver the past five years, new regulations on data privacy have created a stringent environment for the storage and use of personal information worldwide. Led by Europe’s General Data Protection Regulation (GDPR) and China’s Personal Information Protection Law (PIPL), global regulators and lawmakers are increasingly holding enterprises accountable for the protection of individual privacy. This trend is set to continue with the approval of the Digital Market Act in Europe and upcoming GDPR-inspired laws in the United States and around the world.US and UK corporations have spent over US$9 billion on GDPR compliance since 2018, with those investing incurring average costs of US$1 million annually. However, over 40% of companies still lack any budget for such compliance while GDPR fines continue to grow, with Meta alone sustaining over US$2.3 billion in penalties.Data security is also a costly enterprise concern as data breaches accelerate in frequency. Global spending on data security and risk management products is projected to exceed US$188 billion in 2023. However, in a world where 90% of companies rely on multi-cloud environments, data privacy and security issues will grow regardless of investment.Blockchain technology is increasingly viewed by corporate executives as a solution for user data privacy and security. In a recent survey of US Fortune 500 companies, Coinbase found that 51% of enterprises that use or plan to use blockchain employ the technology for ‘Data Collection and Management’.“Terminal 3 is a compelling alternative to the non-compliant and unsecured data infrastructure that enterprises rely on today,” said Shawn Cheng, Partner at Consensys Mesh. “Data regulations and security laws are becoming more stringent around the world, and companies are finally realizing that self-sovereign data is a great solution for both users and enterprises. We are excited to be involved in this important project.”“Scaling Web3 will require the re-invention of core enterprise technologies,” added Gary Liu. “Terminal 3 is building solutions that serve both corporations and individuals, to enable this critical shift in our digital world.”About Terminal 3Terminal 3 is a Hong Kong-based Web3 startup building user data infrastructure for a decentralized future. The company’s solutions are an alternative to centralized data storage that deprives users of privacy and saddles enterprises with compliance and security concerns. Terminal 3 leverages decentralized storage and zero-knowledge proofs to empower an equitable Web3 where user data is freely composable while remaining fully private and secure. The company’s founders are successful corporate executives and entrepreneurs, who have built, scaled, and transformed some of the world’s most important companies. Terminal 3 is also backed by world-class investors including 500 Global, CMCC Global, Consensys Mesh, Bixin Ventures, BlackPine, DWeb3, Hard Yaka, and Bored Room Ventures.For more information about Terminal 3, please visit Terminal 3's: Official Website | Twitter | LinkedInContactJoey LiuTerminal [email protected]

Image: Anoma Blockchain architecture firm, Anoma Foundation announced it has successfully completed its third funding round securing $25 million with an aim to extend its intent-centric technology to blockchain platforms. Announced Wednesday, the fundraising event was led by one of the top Web 3 VC firms CMCC Global. The latest capital round aims to further Anoma’s goal to bring the third generation of blockchains to market and decentralize the financial system, giving power back to the users. The fundraising also welcomed pledges from other prominent industry players including Electric Capital, Delphi Digital, Dialectic, KR1, Spartan, NGC, MH Ventures, Bixin Ventures, No Limit, Plassa, Perridon Ventures, Anagram, and Factor. Additionally, over 30 angel investors across the blockchain space also participated in the round, embracing Anoma Foundation’s vision. The Swiss non-profit firm is focused on funding the development of its blockchain architecture to bring fully decentralized systems to Web 2.5 apps including rollups, DEXs and other DApps. With significant backing from investors across the blockchain industry, Anoma will further the development of intent-centric blockchain architecture, bringing to life a “new paradigm for building blockchain infrastructure layers”, the press statement reads. “Compared to existing architectures such as Ethereum/EVM, it makes dApps an order of magnitude more composable and an order of magnitude easier to build,” said Adrian Brink, Co-founder of Anoma. Anoma’s intent-centric blockchain architecture allows these “partially decentralized apps” to give power back to their users while promoting the development of novel apps that previously could not be built on existing architectures. “The team is pushing the boundaries of protocol design and reimagining how base layer infrastructure should operate,” said Charlie Morris, Co-founder and Managing Partner of CMCC Global. “It is refreshing to see Anoma’s designs and philosophy against the backdrop of a homogenous group of layer-1 smart contract platforms.” Apart from offering a platform to build fully decentralized apps, Anoma’s latest capital raise will also enhance the platform’s scalability, user experience, privacy and interoperability, Tommy Shaughnessy, Founding Partner of Delphi Digital shared in his statement. “Anoma's intent-centric architecture represents a significant advancement across all fronts of blockchain infrastructure[...],” Shaughnessy added. “We are excited to be part of their journey towards revolutionizing decentralized applications.” Notwithstanding, the funding will also be used to support ongoing research and development initiatives, and boost adoption rates via easy-to-integrate development tools that enable the development of novel DApps. In addition, the cash will be used to form strategic partnerships and enhance the overall ecosystem development. “We are super excited to be investing in Anoma,” added Dialectic founder Ryan Zurrer. “Their intent-centricity and inherent focus on low-level privacy promises to unlock novel use-cases, particularly in areas such as next-generation DeFi, and represents a major step forward for the space.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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