After Zhejiang announced its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.
- Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro, many of which are pioneering new technologies and services. Furthermore, Hong Kong’s government supports the growth of the city’s Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.
- G-Rocket is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong. Wong told the South China Morning Post on December 23 about the new program called the “Hong Kong Web 3.0 Hub.” With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.
- With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.
- This is a strategic move by Hong Kong to attract a large number of talent and “We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,” Casper Wong told the press. It can be seen how the potential of Chinese projects will be “unprecedented” in the next 3 years.
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