Innovation community and emerging technology provider Stone & Chalk has announced a new partnership with the Australian DeFi Association to launch “the first in the nation” Web3 Innovation Center early next year, helping Web3 founders and their companies navigate changing market and economic conditions.

Stone & Chalk says the launch of the new Innovation Center in early 2023 follows the Tech Council of Australia’s latest report on Digital Assets, which estimates there will be $15-$20 billion in investment and up to a thousand startups in the digital asset space by 2030.

According to Stone & Chalk, the research reinforces the untapped potential of blockchain technologies and digital assets in all aspects of society, including social finance, environmental impact and the broader creative economy.

“Australia’s first partnership between Stone & Chalk Group and the Australian DeFi Association will play an integral role in helping to realize the untapped potential of the emerging Web3 ecosystem, bringing together the public and private sectors to unlock industry capabilities,” it says. Stone & Chalk. .

“Web3 Innovation Centers will be located in each of the Stone & Chalk Group Hubs, acting as a convergence place for local founders looking to push the industry forward by accessing the latest thinking, support and guidance from industry experts. industry, mentors, corporate partners and collaborators.”

“We believe in the long-term positive impact of blockchain technologies and as Australia’s largest innovation community, we have a responsibility to support founders exploring this space and building the Web3 companies of the future,” he said. Stone & Chalk Group CEO Michael Bromley.

“We are committed to exploring the development of a stable, successful and competitive Australian crypto and blockchain market, and we believe our partnership with the Australian DeFi Association will play an integral role in facilitating the future of this industry.”

Stone & Chalk says the arrival of Australia’s first Web3 Innovation Center comes as crypto and blockchain technologies experience high levels of public and regulatory scrutiny.

“Despite current market challenges, the growth of Australia’s Web3 community has not been stifled by the sheer volume of talent and innovation in the future of Web3, digital assets, and blockchain technologies remain strong.

“Following the recent collapse of global crypto exchanges, local Web3 founders are well positioned to work closely with industry leaders and governing bodies to re-establish and review opportunities for a transparent and regulated Web3 ecosystem,” it notes. Stone & Chalk.

Australian DeFi Association Co-Founder Mark Monfort, said: “Our expansive network of community members responded very strongly to the prospect of dedicated Web3 hubs across Australia, so it’s incredibly exciting to see this ecosystem come to fruition with Stone & Chalk Group.

“The Innovation Center will present an opportunity for leading startups and founders to add impactful decentralized applications to rich ecosystems like Ethereum, taking us beyond simply holding meetings and attending conferences.

“We are excited to bring blockchain technology to the original home of Australian fintech startups, and see this as a natural progression showing Australians that blockchain and tokenization are simply financial infrastructures designed to innovate and challenge. ”.

Members of the Australian DeFi Association will have the opportunity to share space with the broader community of Stone & Chalk Group founders, including companies operating in various emerging technology areas such as space, AI, quantum and climate change. .

Stone & Chalk says the new home for Web3 startups will provide a wide range of services, acting as a central point for investors, media, business and government to connect with the Web3 founders driving the future. of digital technologies.

Additional services for Web3 startups include Web3 keynote nights, workshops, networking sessions and masterclasses, and additional tailored offerings will also be available at the Web3 Innovation Center through NotCentralised (the sister organization for Web3 startups). profit from the Australian DeFi Association) for the founders of Web3.

These services include:

• Web3 business design and development


 

• Advice on smart contracts


 

• Tokenomics and DAO governance


 

• community building


 

• Software and development, dApp development


 

• Capital advisory (reviews of the business roadmap and associated financing needs, relations with crypto-friendly institutional investors, non-banks, crypto funds and governance structures).