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The Establishment of the Hong Kong Web3.0 Association and Its Goals

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It is reported that the Hong Kong Web3.0 Association will be officially established on November 11. Its members include Li Feng, chairman of China Mobile Hong Kong, Chen Chun, acad

The Establishment of the Hong Kong Web3.0 Association and Its Goals

It is reported that the Hong Kong Web3.0 Association will be officially established on November 11. Its members include Li Feng, chairman of China Mobile Hong Kong, Chen Chun, academician of the CAE Member, and Qiu Dagen, member of the Legislative Council of Hong Kong’s scientific and technological innovation community. The Association aims to promote the healthy and sustainable development of Web3.0 in Hong Kong, provide policy direction for the SAR government, and attract industry elites to Hong Kong. In addition to relevant associations, Hong Kong will also establish a Web3Hub fund to support more overseas Web3.0 enterprises to settle in Hong Kong.

Hong Kong to Establish Web3.0 Association and Web3Hub Fund

The Hong Kong Web3.0 Association, composed of web3.0 professionals and enthusiasts, has been officially established on November 11, aiming to promote the healthy and sustainable development of Web3.0 in Hong Kong. This association is comprised of industry elites, including Li Feng, the chairman of China Mobile Hong Kong, Chen Chun, academician of the CAE Member, and Qiu Dagen, member of the Legislative Council of Hong Kong’s scientific and technological innovation community. In addition to relevant associations, Hong Kong will also establish a Web3Hub fund to support more overseas Web3.0 enterprises to settle in Hong Kong. Let us delve into the details of this association and their goals.

What is the Hong Kong Web3.0 Association?

The Hong Kong Web3.0 Association is a non-profit organization dedicated to advocating and promoting Web3.0 development in Hong Kong. Its goal is to provide policy direction for the SAR government, attract industry elites to Hong Kong, and establish Hong Kong as a hub for Web3.0 research, development, and innovation. The association will also focus on promoting the integration of blockchain, big data, and artificial intelligence and stimulating cross-industry collaboration.

Who are the Members of the Association?

The Hong Kong Web3.0 Association includes Li Feng, the chairman of China Mobile Hong Kong, Chen Chun, academician of the CAE Member, and Qiu Dagen, member of the Legislative Council of Hong Kong’s scientific and technological innovation community. The association will continue to recruit more members for diversified perspectives and expertise to support the association’s core mission.

What Goals Does the Association Pursue?

The Hong Kong Web3.0 Association has several goals to promote the healthy and sustainable development of Web3.0 in Hong Kong. These goals include:

Policy Direction

The association will serve as a platform for collective discussions on establishing policies and regulations that can promote Web3.0 development in Hong Kong. By collaborating with regulatory authorities, the association aims to establish a favorable regulatory environment to attract both local and foreign investments in Web3.0.

Industry Integration

The association aims to integrate blockchain, big data, and artificial intelligence with Web3.0 to promote cross-industry collaboration. The amalgamation of web3.0 and blockchain technology will promote decentralization, and integration with other technologies will help accelerate the mass adoption of Web3.0.

Research and Development

The association will follow the latest trends and industry developments to foster talent and provide research and development services for projects related to Web3.0. It will also help promote worldwide recognition for Hong Kong’s contribution to the development of Web3.0.

Global Connectivity

The association will attract industry elites to Hong Kong to help create an accessible and international network of Web3.0 professionals. The association seeks to promote Hong Kong as a hub for Web3.0 research, development, and innovation.

Web3Hub Fund

In addition to the establishment of the Hong Kong Web3.0 Association, the Hong Kong government will also establish the Web3Hub fund. The fund will support more overseas Web3.0 enterprises to settle in Hong Kong, provide familiarization programs for foreign professionals, and provide rental subsidies for start-up companies.

Conclusion

The Hong Kong Web3.0 Association and the Web3Hub fund provide a catalyst for the healthy and sustainable development of Web3.0 in Hong Kong. With industry elites from various backgrounds collaborating for policy direction, research and development, and technical integration. This association will establish mechanisms to support start-up companies and promote Hong Kong as a hub for Web3.0 research, development, and innovation.

FAQs

Q: What is Web3.0, and what are its implications?
A: Web3.0 is the next technological evolution of the internet that seeks to promote decentralization and help the evolution of various industries, including finance, healthcare, gaming, and marketing.
Q: How will the Web3Hub fund benefit start-ups in Hong Kong?
A: The Web3Hub fund provides rental subsidies for start-up companies to help ease their operational costs and provide familiarization programs for foreign professionals.
Q: Who are the members of the Hong Kong Web3.0 Association?
A: The Hong Kong Web3.0 Association includes Li Feng, the chairman of China Mobile Hong Kong, Chen Chun, academician of the CAE Member, and Qiu Dagen, member of the Legislative Council of Hong Kong’s scientific and technological innovation community.

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