GreaterHeat signs cooperation letter with Incheon City to create Blockchain Hub and promote Incheon’s digital economy

by Arthur · May 9, 2023

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PRESS RELEASE

Published May 9, 2023

GreaterHeat Pte Ltd (GreaterHeat), a Web3 infrastructure provider headquartered in Singapore, has announced that it has signed a letter of cooperation with Incheon Metropolitan City to transform the city into a blockchain hub and promote Incheon’s digital economy. The move will see GreaterHeat work closely with Incheon to set up blockchain infrastructure and participate alongside various industry associations and advisory groups, working towards the city’s development as a blockchain center of excellence.

David Li, Chairman and CEO of GreaterHeat, and Yin Haoyu, Co-Founder and General Manager of GreaterHeat, both attended an official signing ceremony for this cooperation letter in Incheon on May 9. The signing ceremony was held to coincide with Incheon Metanomics 2023.

The representatives of GreaterHeat met with the Mayor of Incheon, Mr. Yoo Jeong Bok, as well as the Commissioner of Incheon, Mr. Kim Jin Yoeong, who is Incheon City’s highest-ranking official. During this meeting between GreaterHeat and Incheon senior officials, it was expected that there would be further discussion on how Incheon’s cyber goals would be achieved.

The Incheon Metanomics 2023 event was held by Incheon Metropolitan City and Incheon Free Economic Zone Authority on May 9 at the Songdo Convensia Grand Ballroom. Around 150 people were expected to attend this event, including officials from domestic and foreign blockchain companies, such as Binance.

The collaboration agreement with Incheon comes at a time when GreaterHeat continues to expand its strategic partnerships and collaborations throughout Asia. In April 2023, the company announced the launch of Decentralized Storage Providers Accelerator-Asia (DSPA-Asia), a business incubator designed to empower Asia Web3 storage companies to learn, grow and thrive. The GreaterHeats plan for 2023 also includes the establishment of partnerships and teams in Malaysia, Indonesia and Vietnam.

David Li, Chairman and CEO of GreaterHeat, said GreaterHeat’s Letter of Cooperation marked a significant milestone in the company’s commitment to developing national-level blockchain infrastructure. We are really excited that GreaterHeat will play a key role in the development of Incheon’s blockchain ecosystem,” he said. Incheon Metropolitan City has proven to be a forward-thinking city, which has enthusiastically embraced the potential of Web3 infrastructure, and we look forward to working closely with Incheon’s senior officials to place the city well on the map in terms of advanced blockchain infrastructure.

Incheon’s Commissioner Mr. Kim Jin Yoeong said: We believe we have found the right infrastructure partner in GreaterHeat. Their commitment to the latest advanced Web3 decentralized cloud storage solutions and their glowing track record inspire confidence that Incheon will be able to establish itself as a leading cyber hub with GreaterHeat’s advice, expertise and partnership.

About GreaterHeat Pte Ltd.

GreaterHeat is a Singapore-headquartered Web3 Infrastructure provider that seamlessly integrates blockchain distributed storage, application software development, cloud computing and edge computing. Founded in Singapore in 2021 by David Li, GreaterHeat provides customers with compatible, stable and affordable cryptocurrency mining technology services. The company’s mission is to drive and lead technological innovation, which creates enormous incremental resources to improve the overall welfare of humanity. GreaterHeat has an international team in globally distributed offices. This includes a technical team of over 100 blockchain technologists and cryptographers. For more information, visit www.greaterheat.com