At the main venue of the “2023 Hong Kong Web3 Carnival”, Chen Maobo, Financial Secretary of the Hong Kong Special Administrative Region Government, said in his opening speech that the development of Web3 should be viewed from the historical perspective of technological change. Technological change leads to business innovation, and business Behavior can also drive change for better technology, and the Internet is one such force for change.
With the rise of blockchain technology, the Internet has entered the Web3 era. Hong Kong will promote the sustainable and responsible development of the virtual asset market. Appropriate regulation is a must, so as to create a sustainable development space.
Now is a golden opportunity for the development of Web3, and it is also a thrilling moment. Looking back at history, the development of Web3 will develop rapidly again after experiencing shocks.