In order to further promote the development of the Web3 industry, help the high-quality development of the digital economy in Hong Kong and even the Bay Area and the implementation of related industries in the digital world, and enhance confidence in industrial development, on March 26, the Asian Blockchain Association, WMA World Metaverse Development Alliance, TCR Times Sponsored by Investment Research, co-hosted by WBA World Blockchain Alliance, WMA FUND, Powerslash, NFT GAMER MASK, and Shenchuang Academy, co-organized by Hongdou Mall, X METAVERSE PRO, Genesis Chain, Metabit, Xunsheng International WEB3.0 Research Institute The "2nd World WEB3 Summit" and the "12th World Metaverse Conference and Metaverse Innovation Competition Awards Ceremony" ended successfully at the Hong Kong Convention and Exhibition Center.

It is reported that Xue Yongheng, the former director of the Hong Kong Innovation and Technology Bureau, Liu Huiping, the vice president of the Hong Kong Trade Development Council, Hong Wen, a member of the Hong Kong Legislative Council, Cai Zhichuan, the president of the Asian Blockchain Association, Wang Jiancheng, the founding president of the WMA World Metaverse Development Alliance, and Huawei Zhang Xiaojun, chief strategy officer of the blockchain, and others from the Hong Kong government and regulatory authorities attended and delivered speeches. Celebrities such as the leading digital asset trading and management platforms in the market and active Web3 entrepreneurs with more than 200 years were present, and representatives of the guests delivered relevant speeches on the theme of the event.

At the summit, Liu Huiping, vice president of the Hong Kong Trade Development Council, delivered a speech. At present, the Hong Kong government is actively developing a very dynamic virtual asset industry and metaverse ecology, and formulating corresponding preferential policies, showing the world that the government is committed to developing into an international virtual asset. The vision of the center. In order to help the WEB3 Metaverse industry communicate with local governments in depth and enjoy preferential policies to invest in WEB3 Metaverse, the Asian Blockchain Association, WMA World Metaverse Development Alliance, and WBA World Blockchain Alliance jointly launched the "WEB3 Metaverse Tour" in Hong Kong, Dubai, Singapore, Saudi Arabia and other places around the world hold industry conferences and business inspection activities to promote the further implementation of the government's new policy. At the same time, the WMA World Metaverse Development Alliance established WMA Fund in Dubai to incubate excellent WEB3 metaverse projects and promote the rapid development of the WEB3 metaverse industry. develop.

At the same time, Hong Wen, a member of the Hong Kong Legislative Council, said: "In October 2022, the Hong Kong government issued a policy declaration on the development of WEB3 in Hong Kong, and pointed out the focus of Hong Kong's development of digital assets. However, there are still many details that need to be matched for the successful implementation. Including legal regulation, taxation system, regulatory authorities, etc. For example, the industry reports that more than 10% of individuals in Hong Kong hold virtual assets. However, virtual asset transactions cannot be carried out in Hong Kong. They have to go to some unlicensed regions for transactions. The risk is higher. Hong Kong urgently needs to establish its own virtual asset trading center.”

Zhang Xiaojun, chief strategy officer of Huawei's blockchain, believes: "Under the standardization and promotion, the blockchain acts as a bridge between world data and real-world data. The metaverse is realization and authenticity. The largest metaverse The value point is the intercommunication between the physical world and the world. The unique identification of distributed digital identities based on blockchain and effective authentication of things can realize the one-to-one comparison of world and real world information, enabling the development of metaverse. "

Kitty Cen, founder of Times Investment Research, Chen Jiyu, vice president of CPCE of Science and Technology University, Dr. Xu Jingang, co-founder of WMA World Metaverse Development Alliance Fund, and Bao Bao, dean of Shenchuang College, made keynote speeches respectively.

Wang Jiancheng, the founding president of the WMA World Metaverse Development Alliance, said that the secretariats established by WMA in Hong Kong and Shenzhen will provide one-stop services for investing in Hong Kong's WEB3 track.

The participating enterprises of this summit include: NFT Gamer, Mask SocialFi, X Metaverse Pro and other cutting-edge industry space platforms and solutions, and an award ceremony for cutting-edge enterprises and figures was held. Focusing on the interpretation of Hong Kong's Web3 New Policy and the direction of two major issues, exchange information about the application of the Web3 industry in the digital world, analyze the high-quality and sustainable development trend of Hong Kong's digital economy, and create a Web3 industry event.

The government believes that DLT technology and WEB 3.0 have the potential to become the future of finance and commerce, and with appropriate regulation expected to enhance efficiency and transparency, will strive to promote the sustainable development of financial services across the virtual asset value chain. To this end, the government has launched pilot programs, including the issuance of NFT, green bond tokenization, digital Hong Kong dollar, etc., to test the technological effects of virtual assets for further application in the financial market in the future.