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TZ APAC Announces Strategic Commitment to Increase Tezos Adoption in Asia Pacific

Photo for the Article - TZ APAC Announces Strategic Commitment to Increase Tezos Adoption in Asia Pacific

TZ APAC, the organization that leads the Tezos ecosystem adoption in Asia, has announced a strategic commitment to the Asia Pacific region. 

TZ APAC said this strategic commitment will build on its prior successes in Tezos adoption in the region, among them are the integration of Tezos with BSN, which is the state blockchain network of China, Tezos’ integration with Tada, a popular ride hailing app in Singapore, as well as on-going collaborations with firms like IBM and Microsoft. TZ APAC said it will be deploying new investments in the region in the area of business development and marketing. Finally, it will form a strategic partnership with Tezos India focusing on developer education and recruitment.

“TZ APAC aims to empower enterprises and individuals to harness the power of the Tezos blockchain by providing capital deployment, resource development, strategic advisory, project management, as well as marketing and strategic communications services in the region,” the organization said in a statement. (Read More: TezAsia Hackathon Commences Application Period)

According to Joe Hwang, Director of Business Development for North Asia at TZ APAC, Asian enterprises today have recognized blockchain as a way to disrupt industries. Thus, it is TZ APAC’s mission to enable these enterprises to utilize this disruptive technology for their growth in the region and elsewhere. “Our community of innovators and conscious creators is growing rapidly, and we want to play a key role in promoting sustainable development in Asia.”

Photo for the Article - TZ APAC Announces Strategic Commitment to Increase Tezos Adoption in Asia Pacific
TZ APAC Team

TZ APAC also announced the Ecosystem Growth Grants (EGG) program. This grant aims to fund creators and developers exploring and utilizing the Tezos network. Managed in partnership with Tezos India, TZ APAC sees the program as a way to reach new builders and creators and act as a springboard for early-stage concepts, be it new NFT platforms or tools for building decentralized finance (DeFi) products.

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Katherine Ng, Head of APAC Marketing at TZ APAC said the organization is grateful for the support it has so far received in the region. “We look forward to developing a burgeoning community and empowering everyone with equal opportunities to radically transform the blockchain landscape in the region,” Ng added.

Tezos has reached year three, a very long time in the blockchain industry. This also makes them one of the longest running proof-of-stake (PoS) blockchains. In a statement, TZ APAC said Tezos consumes over two million times less energy than proof-of-work (PoW) blockchains. It also revealed that the blockchain network activity has increased by 1,200 percent this year, with over 5 million contract calls in the last 8 weeks. TZ APAC attributes this to the Tezos blockchain requiring less energy and therefore less cost when being utilized by Tezos-based projects and tools. In NFT for example, organizations like Formula One and McLaren Racing have used Tezos to create their NFT fan experiences. Tezos prides itself for its low-gas cross chain utility.

TZ APAC will participate in the upcoming Singapore Fintech Festival.

This article is published on BitPinas: TZ APAC Announces Strategic Commitment to Increase Tezos Adoption in Asia Pacific

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