Hong Kong’s finance chief has urged the city to capitalize on the potential of the latest web technology, Web 3.0 and block chain, in order to stimulate economic growth.
According to Chan, the utilization and development of Web 3.0 technology have contributed to the growth of the online entertainment industry by providing users with high-quality and immersive experiences. The global online entertainment market could reach $653 billion by 2027, compared to $184 billion in 2021.