Web3 X

What Web3 X does

Web3 X (operating as W3X) is a Web3 and blockchain investment fund and startup incubator founded in 2023 by Erik Duong, with operational headquarters in Vietnam (offices in Hanoi and Ho Chi Minh City) and a registered address in Dietzenbach, Germany. The firm targets early-stage Web3 and blockchain founders in Southeast Asia and APAC, delivering value through a structured 6-week Incubation Program that combines training, mentorship (over 1,000 hours per cohort), and direct investment of up to $100,000 per startup in exchange for equity. Through seven completed incubation batches, W3X has built a portfolio spanning DeFi, decentralized identity, gaming, infrastructure, metaverse, and AI-powered Web3 applications, with named investments including Quizzmatch, Aqualis, and Project Merlin from Batch 06.

The company's product surface extends beyond incubation into Hackathons, an Event & Education program, and the Kickstart platform — a bundled suite of developer resources including GCP credits ($10K-$100K), Quill Audits security credits (up to $20K), GitHub Enterprise access, plus market-making, listing, and launchpad services delivered through partnerships with TripleOne, Polkastarter, and Enjinstarter. W3X connects its portfolio to a network of 20+ blockchain ecosystems (TON, Solana, Starknet, BNB Chain, Metis, Sui, Aptos, Polkadot, Avalanche, Linea, Hedera, Somnia, Kaia) and over 30 venture capital firms via semi-annual Spring Pitch events that place 6-8 startups in front of 15-30 VCs per session.

The business model combines incubation program participation (structured training plus equity investment) with venture capital returns from seed and pre-stage portfolio investments, supplemented by ecosystem partnership services. Go-to-market combines a competitive batch-based application process (Batch 06 drew 100+ applicants) with community-led deal sourcing through hackathons, meetups, and pitching events across Vietnam and APAC. Customer segments include early-stage Web3 startups (primary), crypto-native and traditional VC firms seeking emerging market deal flow (secondary), and Web3 builders and developers (tertiary).

Name

Web3 X

Legal name

Web3 X

Website

https://w3x.network

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

Web3 X (W3X) is a Web3 and blockchain investment fund and startup incubator founded in 2023, operating across Southeast Asia and APAC with offices in Hanoi and Ho Chi Minh City. It runs 6-week incubation programs with up to $100K investment per startup, hackathons, and a Kickstart developer tools platform, serving early-stage Web3 founders, ecosystem partners, and VC firms.

Ownership category

akta.pro rank

Product category

Web3 Startup Incubation and Venture Capital

NAICS

Portfolio Management and Investment Advice (523940), Computer Training (611420)

SIC

Investment Advice (6282), Finance Services (6199)

akta.pro industry

PRIMARYFSANAAAM

Accelerators & Incubators (Investor-Operated)

Financial & Insurance/Private Equity & Venture Capital/Venture Capital Firms

Keywords

• Web3 startup incubation
• Blockchain venture capital
• Seed-stage investing
• Developer education programs
• Crypto hackathon events

Headquarters

HQ city

Dietzenbach

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Incubation Program Fees: W3X operates an intensive incubation program for Web3 startups, selecting cohorts through competitive application processes. The program provides structured training, mentorship, and up to $100,000 investment in exchange for equity stakes in portfolio companies.
2. Venture Capital Investment Returns: As a venture capitalist specializing in early-stage Web3 projects (seed and pre-seed), W3X generates returns through equity investments in portfolio companies, with subsequent funding rounds and exits as startups scale.
3. Kickstart Services: Provides developer tools, cloud credits, and operational services to incubated startups through partnerships with technology providers, creating value for the broader ecosystem while supporting portfolio company growth.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core offering

Web3 X (W3X) operates as a Web3 and blockchain investment fund and startup incubator. It runs a 6-week structured incubation program that includes up to $100,000 in equity investment per startup, alongside hackathons, community meetups, educational workshops, and a Kickstart suite of developer tools and credits. The firm targets early-stage (seed and pre-seed) Web3 founders across Southeast Asia and APAC, connecting portfolio companies to 20+ blockchain ecosystems and 30+ venture capital firms through pitching events.

Product overview

Web3 X (W3X) is a Web3, AI, and Quantum investment fund and incubator operating across Southeast Asia and APAC. The platform offers a multi-faceted portfolio of services: Incubation Program (6-week training with up to $100,000 investment), Hackathon events, Investment Operations (seed/pre-seed focus), Event & Education programs, and Kickstart (ecosystem tools including cloud credits, developer tools, market-making, and listing services). The portfolio spans 7 completed incubation batches with companies in DeFi, decentralized identity, gaming, AI-powered applications, and Web3 infrastructure. Key ecosystem partners include blockchain networks (TON, Solana, SUI, Aptos, Starknet, BNB Chain, Avalanche, Linea, Polkadot, Hedera, Somnia), while integration partnerships provide incubatees with market-making (TripleOne), security auditing (QuillAudits), and blockchain development (Creata Chain) capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Incubation Program A structured 6-week training program combined with up to $100,000 in equity investment for promising early-stage Web3 and blockchain startups; delivered as a cohort-based program covering product-market fit validation, MVP building, go-to-market strategy, and fundraising preparation.
• Hackathon Web3 X hosts and co-hosts hackathons for hackers, developers, and Web3 builders to enable participants to test their skills and discover potential projects for future incubation.
• Investment Operations Venture capital operations specializing in direct equity investments in promising Web3 projects at the seed and pre-seed stages, accompanying portfolio companies throughout their development journey.
• Event & Education Organized events, community meetups, courses, and workshops providing knowledge and networking opportunities for builders, developers, and community members interested in Web3 and blockchain technology.
• Kickstart A suite of developer tools and services from the Web3 X ecosystem supporting incubated projects with cloud credits (GCP $10K-$100K), productivity tools (ClickUp, Airtable, Lark Suite), developer tools (GitHub Enterprise), market-making services, listing services, and launchpad support.

Quantifiable outcome

• 7 batches completed with successful portfolio company investments
• +2 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability8 records

Feature3 records

Partnerships

21 partnerships are on record, tiered core.

• TripleOnecoreTechnology or Integration · 26 August 2025Strategic partnership with AI-powered market-making solution provider. TripleOne extends exclusive benefits to W3X Incubation Program participants including credits, discounted services, complimentary consultations, and anti-bot protections for smoother launches.
• Creata ChaincoreTechnology or Integration · 26 August 2025Strategic partnership to support onboarding of W3X Incubation Program projects into the Creata Chain Ecosystem. Provides prioritized access to Creata Chain resources including guidance on Zenith and Catena Chain integration, Lunar Link cross-chain operations, and SDK for dApp development.
• Ting FoundationcoreStrategic or Co-development Partner · 16 August 2025Co-host of 'Build for Billions' meet-up event with 150 attendees including builders, VCs, media, and retail investors. W3X announced plans to incubate and invest in promising projects built on Ting Chain.
• Metis FoundationcoreStrategic or Co-development Partner · 11 December 2024Co-partner of Pitch and Sip event alongside Devcon conference in Bangkok. W3X brought forward promising projects from incubation program including GM2 Social and BrownFi for showcase to investors including OKX Ventures, Contribution Capital, and PX1.
• TON (Telegram Open Network)coreTechnology or IntegrationBlockchain ecosystem partner providing infrastructure support and ecosystem connections for W3X portfolio companies. Listed as key ecosystem partner alongside 20+ other blockchain networks.
• SolanacoreTechnology or IntegrationMajor blockchain ecosystem partner supporting W3X's investment and incubation activities across the Web3 space.
• StarknetcoreTechnology or IntegrationLayer 2 scaling solution ecosystem partner supporting W3X portfolio companies with technical infrastructure.
• BNB ChaincoreTechnology or IntegrationMajor blockchain ecosystem partner providing infrastructure and ecosystem support for W3X incubated startups.
• MetiscoreTechnology or IntegrationLayer 2 scaling solution ecosystem partner supporting W3X's blockchain infrastructure needs.
• SuicoreTechnology or IntegrationMajor blockchain ecosystem partner in W3X's network of 20+ connected blockchain platforms.
• AptoscoreTechnology or IntegrationMajor blockchain ecosystem partner in W3X's network supporting portfolio companies.
• PolkadotcoreTechnology or IntegrationMajor blockchain ecosystem partner supporting W3X's multi-chain investment strategy.
• AvalanchecoreTechnology or IntegrationBlockchain ecosystem partner in W3X's network providing infrastructure options for portfolio companies.
• LineacoreTechnology or IntegrationLayer 2 ecosystem partner supporting W3X's blockchain infrastructure ecosystem.
• HederacoreTechnology or IntegrationEnterprise blockchain ecosystem partner in W3X's network.
• SomniacoreTechnology or IntegrationBlockchain ecosystem partner supporting W3X's infrastructure network.
• PolkastartercoreTechnology or IntegrationInvestment and incubation partner providing IDO platform and launchpad services for W3X portfolio companies.
• EnjinstartercoreTechnology or IntegrationInvestment and incubation partner supporting W3X startups with launch capabilities.
• DWF (Digital Web3 Futures)coreTechnology or IntegrationTrading and investment partner supporting W3X's ecosystem development.
• AWS (Amazon Web Services)coreTechnology or IntegrationCloud infrastructure partner providing credits and technical support for W3X incubated startups through the Kickstart platform.
• Quill AuditscoreTechnology or IntegrationBlockchain security auditing partner offering up to $20,000 in credits for W3X incubated projects to enhance security and build trust.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/W3X_NW
• Facebookfacebook.com/w3x.network
• LinkedInlinkedin.com/company/99347526

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Web3 X