Recently, following the popularity of Ethereum, Hong Kong’s policy expectation of issuing exchange licenses in June has made Hong Kong and even China the hottest keywords in the crypto world.

Crypto KOLs at home and abroad have taken stock of various Hong Kong concept Token assets, but which NFT projects are "Hong Kong concepts"?

I thought of EtherPOAP.

An "Ethereum Memorial" NFT supported by Hong Kong's leading crypto group HashKey Group, over 90% of which is held by Ethereum's ancient OGs. In addition, HashKey Group is currently the only institution in Hong Kong that has obtained an exchange license. What is the imagination space for this NFT asset that combines Ethereum orthodoxy and Hong Kong concepts?

What is EtherPOAP?

EtherPOAP is a community formed by the most active supporters and community members in the Ethereum ecosystem. In September 2022, EtherPOAP strategically cooperated with HashKey Group to issue a commemorative medal NFT commemorating ETH's "The Merge" upgrade, and airdropped it to 8,893 addresses of the ETH Genesis crowdfunding. HashKey sponsored 100ETH in the first phase.

People in the encryption industry are no strangers to HashKey Group. In my opinion, it has two major labels:

(1) “Ethereum”: In 2015, Dr. Xiao Feng, the founder of HashKey, participated in the investment in Ethereum. At the same time, Vitalik Buterin also became the chief scientist of Wanxiang Blockchain Lab. Since then, HashKey has been involved in the construction of the Ethereum ecosystem for a long time and has become the “most orthodox” encryption institution in the Ethereum ecosystem.

(2) Hong Kong: HashKey Group is headquartered in Hong Kong and is the leader in the Hong Kong crypto market. The core of Hong Kong’s cryptocurrency policy revolves around a license - the "exchange license", but how many can actually get it?

So far, there are only two companies, OSL and HashKey's subsidiary "Hash Blockchain Limited". HashKey has become the world's first digital asset group to obtain licenses from both the Hong Kong Securities Regulatory Commission and the Japanese Financial Services Agency.

As an Ethereum merger commemorative NFT project backed by HashKey, EtherPOAP has also recently started to make new moves.

On February 21, EtherPOAP officially released a tweet stating that it will jointly launch a major incentive activity with HashKey DID. The transaction volume and floor price on Opensea have risen sharply.

Where is the imagination space for EtherPOAP?

The official Twitter account of EtherPOAP stated, “We are working hard to develop new features recently. The features provide a full range of landing scenarios around the empowerment of NFT Holders’ rights. Every Holder can obtain empowerment benefits independently through the new features.”

In addition, a former Hashkey employee posted the following tweet, mentioning that the Hashkey exchange will be launched. Currently, the most closely related asset is the EtherPOAP NFT. There is an expectation of exchange empowerment, and most of the NFT (more than 90%) is held by Ethereum's ancient OG, and the actual circulation volume is small.

As an NFT asset that has both Hong Kong concepts and Ethereum attributes, EtherPOAP has the opportunity to win the dual benefits of Ethereum upgrades and Hong Kong policies, so we think it is worthy of attention.