Kong Jianping: Hong Kong’s Web3 development is currently facing two contradictions

At the "HK Web3 Evolution" event co-organized by Neo, Hong Kong Cyberport, Web3Labs and Invest Hong Kong, iPollo&Nano Labs founder Jack Kong (Kong Jianping) said that Web3 and AI are both native markets and may develop much faster than We expected. New technological innovations naturally grow wildly and may not conform to the development laws of the original system. This is why many countries have launched sandboxes to provide soil for innovation. For young people, native and unregulated investment is more suitable for their development; for traditional investors with resources, they will be more willing to enter the industry with regulatory protection. The two complement each other. From a traditional perspective, the United States naturally has an advantage in terms of liquidity, but Web3 is a new industry. Whichever region seizes the development dividends of infrastructure and applications will become a new financial center. Hong Kong currently has two contradictions in the development of Web3: the government has launched incentive policies, but we have seen a lot of "currency speculation" and "platform thunder" phenomena; the government hopes that more outstanding developers and entrepreneurs will come, but There are often many pyramid schemes and other illegal organizations promoting in the conference room, causing losses to investors. But we have also seen that the technologies used by criminals are often trendy, which reflects that Web3 will get better and better. As long as the Hong Kong government continues to promote and support Web3, the rest can be left to entrepreneurs.