According to PANews, Lu Weiding, the Vice Chairman of the All-China Federation of Industry and Commerce and Chairman of Wanxiang Group, stated at the opening ceremony of the Hong Kong Web3 Carnival that the second Web3 Carnival this year will continue the impact of last year. As per incomplete statistics, in addition to the main venue activities, there have been over 150 peripheral events.

The carnival also has new features: firstly, it has a broader global representation, with more major Web3 projects from Europe and America participating than last year. Secondly, the topics of blockchain infrastructure and blockchain application protocols are almost equally divided, indicating a rising wave of blockchain applications.

Comparing to the start of internet applications in 1995, the '1995 moment' for blockchain applications is arriving. The next decade will be a crucial time for the explosion and value discovery of blockchain and Web3 applications.

This moment is not only the best time for the economic development of Hong Kong but also for the innovative development of the global virtual asset industry.