Our project, ReFi Hong Kong, satisfies the round eligibility criteria in multiple ways. Firstly, we have surpassed the minimum requirement of being at least 3 months old, as we have been devotedly working on our project since Beginning of 2023. Throughout this period, we have gained considerable traction and influence in the digital hubs of Singapore and Hong Kong, exemplified by our co-organization of the Web3 Hong Kong Festival with Wanxiang Blockchain and Hashkey Group. This festival attracted over 13,000 attendees and 100 Web3 projects, highlighting our extensive reach and impact in the region.
Secondly, we have developed a groundbreaking Web3-enabled data network, supported by IoT/Blockchain technology, that allows for globally distributed residential solar PV connection and monetization. This network enables us to collect reliable and distributed renewable energy generation data, which we can transform into Renewable Energy Certificates (RECs) that can be purchased by anyone looking to claim themselves as carbon-neutral. We use various technologies, products and solutions, such as the arkreen miner devices, Virtual Power Plants, and Renewable Energy Certificates, that support our mission.
Thirdly, we have recently introduced a new solution for Green BTC, which aims to make Bitcoin mining more sustainable and eco-friendly. By collaborating with arkreen, who have received $3 million in funding from prominent Web3 investors in Asia and possess strong connections with institutions like HashKey and HKEX, we have access to the necessary expertise and resources to be a fundamental infrastructure for Web3 climate solutions. Our team members, including Leo LIN, who is the founder of arkreen and also a core team member of ReFi Hong Kong, have robust backgrounds and resources in the DePIN and ReFi ecosystem, further reinforcing our capabilities. We have two other highly skilled team members. Max is the founder of Carbonbase, a fintech platform dedicated to enabling sustainable transitions for enterprises and individuals to take effective climate action. Laser is the founder of Starpower and an ex-partner of arkreen, with previous experience as the Chairman Assistant of WXBlockchain. Together, our team brings a wealth of expertise and experience to our project, further strengthening our capabilities to achieve our mission.
Lastly, we are uniquely positioned to leverage Hong Kong's status as the world's factory, backed by the Greater Bay Area, to explore the ESG of the whole society in Hong Kong and Asia. Our firm control over the supply chain and industrial resources, coupled with the strong policy support and investment for Web3 in Hong Kong, makes us a vital core infrastructure for Web3 climate solutions. During the Hong Kong Web3 Festival, we invited over 40 projects and organizations to promote the integration between Web3 and sustainability, solidifying our commitment to this mission.