Hong Kong Sets Sights on Becoming Global Web3 Hub

Hong Kong’s Financial Secretary, Paul Chan Mo-po, has made a groundbreaking assertion: the future of digital technology in Hong Kong is set to be revolutionized by blockchain and Web3 technologies. This is not just a statement; it’s a vision that outlines the city’s technological trajectory.

The Vanguard of Web3: Emerging Sectors

Web3 is not just a buzzword; it’s an ecosystem of multiple sectors. According to Chan, the leading sectors within this ecosystem are:

  • NFTs (Non-Fungible Tokens): Digital art and collectibles are not just for show; they are assets with real-world value.
  • GameFi: This is where gaming meets finance, creating a new genre that incorporates financial mechanics into gaming experiences.
  • Play-to-Earn Gaming: These are games where the time you invest can be converted into real-world value, essentially making you earn while you play.
  • Immersive Entertainment: Think beyond 3D; this is about creating digital experiences that are as real as it gets.

Chan’s recent participation in a three-day blockchain event at Cyberport in Hong Kong wasn’t just ceremonial. It was a statement of intent and a glimpse into the future of digital entertainment.

Cyberport is more than just a tech hub; it’s the epicenter of Hong Kong’s digital revolution. Chan has allocated an additional $50 million to turbocharge the Web3 ecosystem here. Currently, the hub is home to over 180 Web3-focused companies, with an impressive 20% of these companies originating from overseas.

New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW

Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!


Show more +

While mainland China has been staunchly against cryptocurrencies, Hong Kong is charting a different course. The city has enacted crypto-friendly laws and is positioning itself as a global hub for digital assets.

To ensure that this isn’t just a flash in the pan, Hong Kong has established a Web3 task force. The task force aims to provide a roadmap for the sustainable growth of the industry.

HashKey, a local crypto exchange, has recently received approval to expand its services from institutional to retail clients. This is a significant milestone that underscores the city’s open approach to crypto assets.

Hong Kong is not just embracing Web3 and related technologies; it’s investing heavily in them. The city aims to be a global leader in the digital tech landscape, and if the current momentum is anything to go by, it’s well on its way to achieving that goal.

Check $RECQ Meme Coin

Sponsored: Invest Responsibly, Do Your Own Research.
Serves as the base currency for all transactions within the Rebel Satoshi platform
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.


Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

We will be happy to hear your thoughts

Leave a reply