Partnered With:

Ubox co-hosted the Meet Up event in Hong Kong with well-known institutions C² Ventures, Animoca Brands and Ancient8

Read this article in 11 Minutes

The participants discussed the development trend of Web3 in Hong Kong, the combination of NFT and games, and the development map of NFT.

Original source: Ubox

April 12, 2023, Hong Kong - new NFT transaction scene Ubox, C² ventures, Animoca Brands, Ancient8 held a Meet Up in Hong Kong, gathered many well-known institutions and industry elites in the Web3 industry to participate. The four sponsoring guests are: Ubox-JJ, C² Ventures - Ciara Sun, Ancient8-Howard Xu, and Animoca Brands - Chun Yan Ho, We discussed the development trend of Web3 in Hong Kong, the combination of NFT and games, and the development map of NFT.

About the development trend of Web3 in Hong Kong

At present, it is related to the development of web3 in Hong Kong. Participants generally believe that Hong Kong has rich talent resources and policy support, especially in terms of investment in the field of Web3. Compared with Singapore's policy tightening, Hong Kong's policy is relatively loose. At the meet up event, the participants were positive about the future of Hong Kong:

Ubox - JJ:Hong Kong is liberalizing its policy and has more abundant capital and talent reserve, so we choose to open Ubox in Hong Kong.

C² Ventures - Ciara Sun:Hong Kong is the financial center of Asia and its position is secure. Both financial and operational talents have abundant choices, which is an advantage that Singapore does not have. In addition, Hong Kong sits on the back of Shenzhen and has plenty of tech talent, making it a good place for start-ups to recruit. In terms of talent pool, policy support and funding, Hong Kong has great opportunities.

Animoca Brands - Albert Ho:Web3.0 involves games and NFT, and the imagination is wide open. It is important to understand the user's needs and scenarios, and what kind of product they want to develop. For Web3.0 To C, games are a clear scenario that is widely accepted, so there are many opportunities for development, investment, and resources.

Ancient8-Howard Xu:Hong Kong has a lot of opportunities for us in the future. Shenzhen has an excellent software technology team, Shanghai has a variety of game development companies, and Shenzhen also has a lot of Tencent and related game startups. Especially at this time, when Hong Kong opens, many of them will embrace Web3.0 and make excellent Web3.0 games. We've seen a lot of them now.

About NFT and games

The combination of Web3.0 and games is a clear scenario, and the lowering of barriers to Web3.0, immersive experiences, and distribution channels are all worthy of attention. In the future, million-level user experience products will appear in the field of Web3.0. Games, NFT trading platform, content and so on will be the entry point of NFT. Among them, Animoca Brands - Junren Ho and Ancient8-Howard Xu mentioned:

Animoca Brands - Albert Ho:We pay more attention to the combination of games, NFT and games. The core is to see where the needs of users are, where the scene is, and what kind of products they want to make. From a Web3.0 To C perspective, games are a clear scenario that everyone agrees will focus on in terms of development, investment, and resources. How to have a better channel to do better Web3.0 game publishing, this is also an area we are very concerned about.

Ancient8-Howard Xu:This is the words of Howard Xu, the person in charge of Ancient8, what they want to do most is to create the next million-level user experience product on Web3.0. Compared with the million-level track of Web2, the trading platform of games and NFT is the most opportunity. The content of games and reading is the direction for NFT to enter into the trading. It's one of the most interesting industries, and they're doing the same thing to get these users into these industries, including marketing, and they might be doing some deals later on.

The environment for digital assets in web3

A better understanding of customer operations is a unique advantage for Asian platforms. In Hong Kong, where policies are supported, users will have a smoother experience, which will greatly facilitate users' transition from Web2 to Web3.0. Ubox's centralised operations, more Asia-Pacific focused attributes, and access to fiat channels will greatly boost prosperity.

Ubox - JJ:Building a better environment for digital assets is a matter of operational direction. OpenSea puts more emphasis on the "retail" of NFT, while Ubox will pay more attention to building the "environment" of assets. The second is to focus on NFT assets. NFT is different from other assets. In addition to wealth and value attributes, NFT also has emotional and cultural attributes. The first IP cooperates with well-known artists in Hong Kong, which is the asset level. Third, we will access more legal currency channels, whether in Hong Kong dollars, US dollars, with a variety of assets can buy want to buy NFT.

Layout and planning aspects of NFT

Ubox mentioned that Alibaba is committed to becoming a metauniverse and Web3.0 era, focusing on the NFT area, and the high quality product facilities and operation methods will promote the development of NFT. C² Ventures focuses on the trading platform circuit, compliance, blockchain technology addressing user needs, as well as the content and expansion properties of NFT itself. The combination of NFT and Web3.0 will be the main trend of future development.

Ubox - JJ:There is a very high ceiling in the field of NFT, and the goal and vision of Ubox is to be the Ali of the metauniverse era and Web3.0 era. Whether it's building the asset experience, infrastructure and new business models, there's a lot to build in the future. We'll expand the boundaries and territory of NFT, introduce more users and more gameplay, and that will lead to a lot of interesting scenarios.

C² Ventures - Ciara Sun:Of the recent products and tracks, we think there is a very big opportunity to trade platform tracks. We are optimistic about the future: One is fully compliant trading platforms such as CoinBase, Hashkey, or trading platforms that use technology and other blockchain approaches to address user needs. The second is the opportunity in the DeFi field. DeFi 2.0 does not require too much innovation. It is a category that traditional finance has proved to have a large market, and the transaction volume can reach 100 times that of traditional finance. The third is the project that can move a large number of users from the traditional domain to Web3.0, which is the most traffic, and also the most integration with NFT.

Participants expressed confidence in the development trend of the Hong Kong industry and believed that the future presented a promising environment. In addition, NFT integration projects that will lead a large number of users from traditional fields to Web3.0 will be the focus of the market, which will help accelerate the development of the digital economy. In short, Hong Kong will show strong competitiveness and boundless potential in the future development environment.