The Web3 Foundation has awarded a Decentralized Futures grant to PolkaPort East.

PolkaPort East is based in Hong Kong and led by Max Rebol and Thibault Perréard.

The organization aims to promote the growth of the Polkadot ecosystem in Asia.

Focus areas include attracting projects, developers, VCs, funds, and investors to Polkadot.

The grant seeks to decentralize Polkadot and promote its technology.

Special emphasis is on fostering relationships with local governments, global enterprises, and capital allocators.

The Web3 Foundation has allocated $20M plus 5M DOT tokens to support such initiatives.

PolkaPort East's mission includes spurring adoption of web3 technology and onboarding new users to Polkadot in Asia.

This initiative aligns with the vision of a decentralized internet and strategic partnerships.