Amber Group Accelerator amberac Launches to Empower Crypto Community and Catalyze Blockchain and AI Innovation

Coin World News Report:
On July 3, 2024, leading global digital asset company Amber Group held a press conference in Singapore to launch its new accelerator program, “amber.ac.” The company announced the incubation of edgeX and Haven One as the first batch of incubated enterprises, and also launched the inaugural BUIDL_QUESTS challenge. Professor Wang Yang, Vice President of the Hong Kong University of Science and Technology, DeFi project representatives such as 0xScope and Pendle, and crypto VC institutions like Superscrypt and Spartan Group attended the launch ceremony. The event was supported by top industry media outlets such as PANews, Odaily, MetaEra, ChainCatcher, and DeThings, and was conducted both offline and online to reach a global audience, witnessing the grand launch of Amber Group’s new accelerator program, amber.ac (https://amber.ac/).


amber.ac
Vision: Giving back to the crypto community and becoming a catalyst for cutting-edge crypto innovation
Amber Group Co-founder and CEO Michael Wu delivered a speech, sharing the background and underlying philosophy of amber.ac. Michael emphasized that as a comprehensive crypto financial service provider with 7 years of experience in the crypto industry, Amber Group has strong technology, liquidity, and expertise, which have been validated by its leading positions in its four main businesses – ALIR (Advisory, Liquidity, Investments, and Research), Asset Management, Digital Wealth Management, and Enterprise Infrastructure Solutions.
Over the past seven years, Amber Group has acted as a gateway between the native crypto world and the wider world outside of crypto. Now, Michael and his co-founder and CTO Thomas Zhu are contemplating how to connect and collaborate with entrepreneurs in the crypto industry to contribute to the next stage of development for the entire crypto industry.
“The reason we launched amber.ac is to give back to the crypto community and become a catalyst for cutting-edge crypto innovation. It is also a common aspiration of the Amber Group team, including our late co-founder TT,” said Michael.


amber.ac
Philosophy: Crypto for AI, the future economy driven by blockchain and AI
The core philosophy of amber.ac is “Crypto for AI (C4AI),” which aims to provide infrastructure for the AI economy using blockchain and token technology. Through the amber.ac accelerator program, Amber Group aims to discover and support outstanding early-stage crypto startups worldwide, providing targeted funding, technical support, expert guidance, and ecosystem resources to help entrepreneurs turn innovative ideas into reality.
Michael mentioned that crypto applications are still in the early stages and have not yet achieved mass adoption. The AI economy will bring massive data and transactions, providing greater application prospects for crypto technology. Blockchain technology enables trustless transactions, providing a secure and reliable infrastructure for the AI economy. Token technology can digitize and facilitate free and algorithmic transactions for anything.
“In the AI economy, there are many things that need to be built in the crypto field. We are still in the early stage, but the future is not far away. As entrepreneurs, we need to break the barriers of belief and have the belief and courage to truly ‘build for the future.’ amber.ac is committed to building the future together with all like-minded individuals who are dedicated to building for the future,” emphasized Michael.
Watch the amber.ac introduction video:
https://youtu.be/ereD5A3-XjQ?si=sHUTkE-fLvYxCsjv


amber.ac
Announcement of the first batch of incubated enterprises: Haven One and edgeX
The launch event also announced the first batch of enterprises incubated by amber.ac – Web3 AAA project Haven One and edgeX. edgeX is a high-performance, modular financial system that will launch its Minimum Viable Product, edgeX exchange, a high-performance Perp DEX based on order book, in July.
Professor Wang Yang from the Hong Kong University of Science and Technology: Blockchain innovation is as great as AI, regrets missing out on Bitcoin opportunities twice
Under Michael’s moderation, Amber Group had the honor of inviting Professor Wang Yang, Vice President of the Hong Kong University of Science and Technology, and Jacob Ko, Founding Partner of Superscrypt, a Temasek-backed Web3 fund, for a fireside chat on “FOMO, FUD, HODL, BUIDL, MEME.”
When discussing the topic of FOMO (Fear of Missing Out), Professor Wang candidly admitted that he experienced ROMO (Regret of Missing Out). When he first heard about Bitcoin more than a decade ago, he regarded it as a scam, but now he realizes that he missed out on two very good opportunities and deeply regrets it.
Jacob emphasized the importance of “community” in Web3. He pointed out that while the concept of community is not new, in the world of Web3, it has been given new meaning and become the driving force and source of the entire ecosystem. By building and sharing together, collaborating and winning together, leveraging the power of the community can achieve an impact greater than the sum of its parts.
“The blockchain and AI are the greatest innovations in recent years, all thanks to the relentless exploration and efforts of countless entrepreneurs, builders, and developers. Without them, we would not be having these discussions,” Professor Wang shared at the end.
Watch the fireside chat video:
https://www.youtube.com/watch?v=hPHleJmHNOU


BUIDL_QUESTS:
Focus on Distributed AI and BTCFi, with a total prize pool of up to $40,000
During the launch ceremony, Amber Group also announced the inaugural Web3 challenge of amber.ac – “BUIDL_QUESTS.” BUIDL_QUESTS is open to all Web3 builders, with a total prize pool of up to $40,000, and selected participants will have the opportunity to join the amber.ac accelerator program and receive entrepreneurship guidance and support.
The first BUIDL_QUESTS will cover two tracks:
Distributed AI: Innovations that apply distributed ledgers and decentralized technologies to artificial intelligence.
BTCFi: Innovations that enhance Bitcoin’s capability and functionality as a financial platform.
BUIDL_QUESTS will open for registration on July 15, and participants can choose any track to submit their projects. For more details, visit http://amber.ac/BUIDL_QUESTS or email [email protected].
About Amber Group
Amber Group is a leading global digital asset company. Since its establishment in 2017, it has developed into a one-stop digital financial platform that provides services such as digital asset wealth management, asset management, market-making, consulting, investments, and infrastructure. Amber Group combines cutting-edge technologies such as artificial intelligence and blockchain with quantitative research, providing customized and innovative solutions to high-net-worth individuals, institutions, crypto funds, exchanges, and project parties, helping them maintain a competitive advantage and achieve optimal returns in the market. Amber Group is committed to being a bridge between traditional finance and digital assets, with extensive experience in both traditional and crypto financial markets. Its investors include Sequoia, Tiger Global Management, Pantera, Coinbase Ventures, and Distributed, among other top-tier investment institutions.