Why We Invest in HackQuest: Empowering the Next Generation of Web3 Innovators

At Gate Ventures, we are constantly seeking transformative ventures that redefine the status quo and empower innovation. Our decision to invest in HackQuest is rooted in their bold vision, market leadership, and unparalleled ability to cultivate Web3 talent at scale. HackQuest is not just a platform — it’s the engine driving the next wave of blockchain innovation.

Here’s why HackQuest stands out as a category-defining force in the Web3 developer education space.

1. A Vision to Build the Future of Web3 Talent

HackQuest is more than just a Web3 education platform; it’s a gateway to the future of decentralized technology. By bridging the gap between developers and cutting-edge blockchain ecosystems, HackQuest is nurturing a new generation of talent equipped to solve tomorrow’s challenges. Their mission aligns seamlessly with our core belief: innovation thrives when education and opportunity meet.

2. Market Leadership with a First-Mover Advantage

Since its launch, HackQuest has achieved extraordinary milestones as one of the best Web3 developer education and hackathon platform:

1. Active Users: 725K+ globally
2. Annual Traffic: 2.1M+ visits
3. Hackathons Hosted: 52 global hackathons, with $450K+ in prizes distributed
4. Learning Tracks: 20 tracks released
5. Global Developer Participation: Reached developers across 10+ countries and 20+ cities​

HackQuest has also secured exclusive ecosystem partnerships. It is the only developer education partner for Mantle Network globally and hosts the official Mantle Learn platform. Their collaboration with Solana APAC led to more than 40 project submissions to the 2024 Renaissance Hackathon, accounting for 30% of the regional entries​.

Their ability to secure exclusive global partnerships, such as being the official education partner for Mantle, Solana, and Arbitrum, underscores their dominance in the developer education space.

3. The Flywheel of Community-Centric Innovation

HackQuest’s value proposition extends beyond education. They are building a network-driven ecosystem where developers, advocates, and community partners all feed into a flywheel of growth and innovation.

Moonshot Commons: A vibrant accelerator and community that bridges learning with real-world applications. Through hackathons and bootcamps, Moonshot has cultivated 50+ venture-backed projects, including Aspecta and Cellula​.

Global Advocate Network: Over 400 developer advocates and 100 community partners act as on-the-ground ambassadors, bringing developers into the fold and nurturing them into Web3 experts.

4. Expansion into High-Growth Emerging Markets

HackQuest is laser-focused on developer-rich, underutilized regions like India, Nigeria, Argentina, Vietnam and Indonesia — regions known for high potential talents but limited acess to blockchain education. By reducing the cost of acquisition while maximizing engagement, HackQuest is unlocking high-growth opportunities in previously untapped regions​.

5. A Data-Driven and Scalable Model

Their pioneering revenue model blends upfront fees with KPI-based milestones, ensuring alignment with partner ecosystems while maintaining scalability. This innovative approach has helped HackQuest secure contracts with over 30 ecosystem clients, making it a sustainable and profitable venture​.

6. Commitment to Excellence

Success in Web3 requires expertise in both the Web3 developer ecosystem and the education technology space. We’ve seen teams that specialize in one but struggle to bridge the gap. HackQuest stands out for its deep expertise in both areas. Although the team members are young, they have been pursuing entrepreneurial ventures in education since the age of 16 and have brought on experienced professionals from companies like Meta, Techstars and Duolingo. Their unique blend of practical experience in Web3, EdTech, and Microlearning gives us confidence in their ability to execute and scale.

Conclusion

HackQuest’s impact is undeniable. Their ability to create a thriving, scalable ecosystem for Web3 developers resonates with our commitment to investing in ventures that are shaping the future. As the Web3 space evolves, we believe HackQuest will remain at the forefront, empowering millions of developers and shaping the decentralized revolution.

We are proud to support HackQuest on this journey and look forward to witnessing the profound impact they will make on the world of blockchain and beyond.

About Gate Ventures

Gate Ventures, the venture capital arm of Gate, is focused on investments in decentralized infrastructure, middleware, and applications that will reshape the world in the Web 3.0 age. Working with industry leaders across the globe, Gate Ventures helps promising teams and startups that possess the ideas and capabilities needed to redefine social and financial interactions.

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