According to Foresight News, during the '2024 Hong Kong Web3 Carnival', Yu Hu, CEO of Kaito, an AI-based Web3 search engine, announced that his company is currently developing a decentralized index known as Kindex. This development is part of Kaito's ongoing efforts to enhance its Web3 capabilities and provide more efficient and reliable search services to its users. Further details about the development and implementation of Kindex were not provided during the announcement. The '2024 Hong Kong Web3 Carnival' is a significant event in the tech industry, attracting numerous industry leaders and innovators from around the globe.