What is the significance of the Hong Kong WEB3 event?
Today, a friend rushed to the Hong Kong WEB3 conference early in the morning. This year, the turnout is low, and they couldn't stay through lunch. No one is looking at projects, VCs are unwilling to invest, exchanges and major players have become the focus of the event, with the atmosphere filled with business discussions, KOLs, and socialites. There is no innovation, no new talents, and the conference has turned into a gathering.
I see no constructive elements for industry development. When Hong Kong first started engaging with WEB3, I predicted it wouldn't gain traction. Hong Kong is no longer the Hong Kong of yesterday; competition in the Asia-Pacific region is fierce, and Dubai and Singapore are both vying to become the leading cities in WEB3. Hong Kong wants to leverage WEB3 for revitalization, but when it comes to action, it hesitates and lacks the spirit of Lion Rock. The so-called "licensed" exchanges are limping along, with a lot of noise but little substance.
Soon, TOKEN2049 in Dubai will be here at the end of the month. One after another, what have we built?