The Establishment of Hong Kong Web3.0 Association and Web3Hub Fund: A Boost for Overseas Web3.0 Companies
According to reports, the Hong Kong Web3.0 Association was established on the 11th, according to the Hong Kong China News Agency. In addition to relevant associations, Hong Kong wi
According to reports, the Hong Kong Web3.0 Association was established on the 11th, according to the Hong Kong China News Agency. In addition to relevant associations, Hong Kong will also establish a Web3Hub fund to support more overseas Web3.0 companies to settle in Hong Kong. The fund will be chaired by the Financial Secretary of Hong Kong, Chen Maobo, and will be managed by a management committee composed of experts from various fields such as fintech, blockchain, and cryptocurrency. The fund will collaborate with institutions such as the Hong Kong Science and Technology Park and the Innovation and Technology Department to provide one-stop services for overseas Web3.0 enterprises. It is reported that the fund has received applications for multiple Web3.0 projects from the United States, Europe, Singapore, and other regions, covering areas such as decentralized finance (DeFi), non homogeneous tokens (NFT), metaverse, and decentralized social media (Dsocial). The fund plans to start investing and supporting these projects in the second half of this year.
Hong Kong to establish Web3Hub Fund, chaired by Chen Maobo
The world of technology and digital innovation has evolved tremendously over the years, leading to the emergence of advanced technologies like blockchain, cryptocurrency, and Web3.0. Hong Kong, as a global financial hub, has not been left behind in this digital revolution. In a bid to support the growth of overseas Web3.0 companies, Hong Kong established the Web3.0 Association and the Web3Hub fund on the 11th of October 2021.
What is the Hong Kong Web3.0 Association?
The Hong Kong Web3.0 Association is a non-profit organization established to support and promote the development of Web3.0 technology in Hong Kong and overseas. The association is made up of relevant stakeholders, including experts from the Fintech, blockchain, and cryptocurrency industries. The association aims to bring together the best minds in the industry to share knowledge and expertise, collaborate on projects, and build a strong and vibrant Web3.0 community.
The Web3Hub Fund
Alongside establishing the Hong Kong Web3.0 Association, Hong Kong will also establish the Web3Hub fund, which will be chaired by the Financial Secretary of Hong Kong, Chen Maobo. The fund will be managed by a management committee comprising experts in different fields like fintech, blockchain, and cryptocurrency. The committee will work closely with institutions like the Hong Kong Science and Technology Park and the Innovation and Technology Department to provide one-stop services for overseas Web3.0 enterprises.
Support for Overseas Web3.0 Companies
The Web3Hub fund is set to provide a boost for overseas Web3.0 companies interested in setting up shop in Hong Kong. According to reports, the fund has already received several applications from Web3.0 projects in regions like the United States, Europe, and Singapore. The projects cut across different areas like Decentralized Finance (DeFi), Non-fungible tokens (NFTs), Metaverse, and Decentralized Social Media (DSocial).
Growing Interest in Web3.0
The emergence of Web3.0 technology has sparked interest in technology enthusiasts across the globe. The technology has promising applications across various industries like finance, gaming, social media, and more. Web3.0 technology is built on a decentralized infrastructure and aims to provide users with more control over their data and digital identities. The technology utilizes advanced concepts like smart contracts, blockchain, and decentralized applications (DApps) to achieve its goals.
Benefits of the Web3.0 Hub Fund
The Web3Hub fund is set to provide several benefits to overseas Web3.0 companies interested in setting up shop in Hong Kong. Some of these benefits include:
– Access to a vibrant Web3.0 community: Companies that set up shop in Hong Kong will have access to a vibrant Web3.0 community through the Hong Kong Web3.0 Association. The association seeks to bring together experts in the industry to collaborate on projects, share knowledge and expertise, and build a strong community.
– One-stop services: The Web3Hub fund will work with institutions like the Hong Kong Science and Technology Park and the Innovation and Technology Department to provide one-stop services for overseas Web3.0 enterprises. This will make it easier for companies to navigate the regulatory and legal requirements of setting up shop in Hong Kong.
– Investment opportunities: The Web3Hub fund plans to invest and support Web3.0 projects in areas like DeFi, NFTs, Metaverse, and DSocial in the second half of 2021. Overseas companies that meet the fund’s criteria will have access to funding and investment opportunities.
Conclusion
The establishment of the Hong Kong Web3.0 Association and the Web3Hub fund is a significant step towards promoting the growth of Web3.0 technology in Hong Kong and overseas. The association seeks to create a vibrant community of Web3.0 experts, while the fund provides support and investment opportunities for overseas Web3.0 companies interested in setting up shop in Hong Kong.
FAQs
1. What is Hong Kong Web3.0 Association?
A: The Hong Kong Web3.0 Association is a non-profit organization established to support and promote the development of Web3.0 technology in Hong Kong and overseas.
2. What is the Web3Hub fund?
A: The Web3Hub fund is a fund established to support overseas Web3.0 companies interested in setting up shop in Hong Kong. The fund is chaired by the Financial Secretary of Hong Kong and managed by a management committee comprising experts in different fields of Fintech, blockchain, and cryptocurrency.
3. What kind of Web3.0 projects will the Web3Hub fund support?
A: The fund will support Web3.0 projects in areas like Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), Metaverse, and Decentralized Social Media (DSocial).
**Keywords:** Hong Kong Web3.0 Association, Web3Hub Fund, Overseas Web3.0 Companies.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/15194/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Vitalik Buterin Completes First Transaction on Polygon zkEVM
According to reports, according to Stephen Polygon, a development engineer at Polygon Labs, who revealed on social media that Vitalik Buterin, the co founder of Ethereum, has compl
-
ETH 2.0 Pledges Exceed $27 Billion in Value
According to the report, the data shows that the total number of pledges of ETH 2.0 has exceeded 17081815, with a value of about US $27.385 billion at the curr…
-
Merit Circle Collaborates with Walker World to Enhance Gaming Experience Through Innovative Technologies
On March 14, the chain game association Merit Circle announced its cooperation with the large open world adventure and multiplayer game Walker World, and invested 750000 dollars in Walker World. Walker World is supported by Fantasy Engine 5, which can provide dynamic game experience through HD graphics. The team is committed to providing games that integrate AR, VR, blockchain and other technologies. Merit Circle, a chain game association, invested 750000 dollars in Walker World, a Web3 game Analysis based on this information:Merit Circle, a chain game association, recently declared its collaboration with Walker World- a popular open-world adventure and multiplayer game. In this partnership, the Merit Circle invested $750,000 to fund Walker World. The game employs Fantasy Engine 5, a technology known for providing an immersive gameplay experience through its high-definition graphics. The Walker World team is dedicated to delivering innovative gaming experiences by integrating advanced technologies such as augmented reality (AR), virtual reality (VR), and blockchain. With the integration…
-
Silicon Valley Banks: Potential Interest Rate Risk
On March 11, the bank team of Guoxin Securities Economics Research Institute believed that the problem of Silicon Valley banks this time was that they absorbed…
-
What currency is swift (swift!)
What currency is Swift? According to Swift’s official website data, the current price of Swift is $0.007. In addition, the maximum number of coin holding addresses for Swift has also reached 90000 According to the previous report, the “Ethereum 2.0 Upgrade Proposal” held in the Ethereum community aims to introduce DeFi into the mainstream financial field through smart contracts. This project suggests that users transfer ETH into smart contracts for casting Swyft tokens. If users do not participate in governance, they will face liquidation risks (caused by fluctuations in mortgage asset prices) Swift Editor’s note: This article is from Blue Fox Notes (ID: lanhubiji) and is authorized to be reprinted by Daily Planet Preface: Swift is a protocol driven by multiple communities, which allows people to distribute funds to different wallet addresses and allows everyone to control their digital assets and token economy models in this way. . We believe this is a good thing for the encrypted world Although…
-
PeckShield Monitoring Data Reveals Zero Transfer Scam that Cost Victims 20,000 USDTs #
According to reports, PeckShield monitoring data shows that a Zero Transfer scammer scammed 20000 USDTs from addresses starting with 0x532265.
Zero transfer scammers scammed 20000 -
Cryptocurrencies: From Rebels to Mainstream
According to reports, Sarah Pritchard, Executive Director of the Financial Conduct Authority (FCA) in the UK, stated that since being seen as a small \’anti institutional rebel asse
-
IMX, BUSD, Paxos, and Filecoin Virtual Machine: The Future of Decentralized Finance
7:00-12:00 Keyword: IMX, BUSD, Paxos, Filecoin virtual machine
Summary of important developments at noon on February 20
Interpretation of the news…
-
Robin Hood Markets Launches New Feature To Fund Web3 Wallets: Robin Hood Connect
According to reports, the trading platform Robin Hood Markets (HOOD) has launched \”Robin Hood Connect\”, a new feature that allows users to fund their Web3 wallets without leaving t
-
Babel Finance Receives 3-Month Extension of Creditor Protection from Singapore Court
According to reports, Babel Finance co founder Flex stated that the Singapore court has extended Babel Finance\’s creditor protection period for approximately three months, which wi
-
Solend V2 Whitepaper Released: Striving for Decentralization and Better Risk Management
It is reported that Solend has released the Soland V2 white paper on the loan agreement on Solana to introduce risk management and improve decentralization. Ac…
-
Optimism Goerli Node Experiences Suspension Due to Shapella Bifurcation
It is reported that Optimism tweeted that the Shapella bifurcation of Goerli caused the Optimism Goerli node to be suspended in the default configuration. The node provider will need to add flags to resume synchronization. The Shapella bifurcation of Goerli causes the Optimism Goerli node to pause in the default configuration Analysis based on this information:The recent tweet from Optimism brought to light an issue that has caused the suspension of their Goerli node. According to the tweet, the Shapella bifurcation of Goerli has led to the suspension of the Optimism Goerli node in the default configuration. This is a technical issue that requires some intervention from the node provider to resume synchronization. Optimism is a layer 2 protocol that aims to provide fast and scalable transactions on the Ethereum network. The protocol uses a special type of smart contract called an optimistic rollup to batch multiple transactions into a single transaction on the Ethereum network. Optimism was recently launched…
-
Papa John’s Releases Pizza-themed NFTs on Polygon Blockchain
On April 5th, it was announced that Papa Johns, one of the world\’s three major pizza brands, will release NFTs for the first time based on the Polygon blockchain in collaboration w
-
What does a future coin snapshot mean (how to obtain future coins)
What does a future coin snapshot mean? According to cryptoglobal messages, what does a future coin snapshot mean. Literally, it is “the currency of the future”, that is, assets that can be converted into French currency, such as Bitcoin, Ethereum, etc. But there are also many specific implementation methods. For example, Ethereum 2.0 is upgraded through hard forking, but after the upgrade, smart contracts or private key management will still be used, so it needs a blockchain system to achieve this state (because there are various Cryptocurrency running on the network now), rather than being traded into these digital wallets like Bitcoin How to obtain future coinsIn a recent article, the author introduced how to obtain future coins We know that there is no good project in the current currency market that can survive for a long time, so many people believe that it has reached the peak of a bull market; But in fact, the current market situation is…
-
Huobi and Gala Games Partnership: A Step Forward for Web3 Ecosystem
On March 31st, Huobi officially announced the establishment of a strategic partnership with Gala Games in the development of the Web3 ecosystem. The purpose of this cooperation is
-
What is the relationship between the speed of computer mining and what is it related to? (Does computer mining consume a lot of electricity?)
The speed of computer mining is related to what? According to CoinTime\’s on-sit