Paul Chan, Finance Chief, Urges Hong Kong to Embrace Web3 for Economic Growth Beyond Online Entertainment

<p>Web3 accelerates online entertainment industry growth, offering immersive experiences. Predicted global online entertainment market to reach $653B by 2027 from $184B in 2021. NFTs, GameFi, Play to Earn, and immersive entertainment are key directions. Web3 extends beyond entertainment, applies to finance, business, trade, and daily life problem-solving. Hong Kong exploring Web3 application, issued tokenized green bond. Chan&rsquo;s task force of 15 experts promotes Web3 ecosystem development. Over 180 Web3 firms at Cyberport, some from China and overseas. Need for comprehensive Web3 regulatory framework and public education.</p> <p><a href="https://medium.com/@DigitalVisionBrands/paul-chan-finance-chief-urges-hong-kong-to-embrace-web3-for-economic-growth-beyond-online-4224531724e2"><strong>Visit Now</strong></a></p>
Tags: Finance Chief