Polygon is focused on positioning Hong Kong as a key player in the Web3 field.

As the global economy evolves, Hong Kong is taking significant strides to welcome cryptocurrency. In a noteworthy decision, the Securities and Futures Commission of Hong Kong has authorized retail cryptocurrency trading. This choice comes amid fluctuations in the market, reflecting the city’s broader commitment to adopting cryptocurrency initiatives. The commission has granted licenses to several cryptocurrency exchanges and has proposed a regulatory framework.

These steps are paving the way for Hong Kong to emerge as a significant player in the Web3 space. stablecoin The pulse of innovation in Hong Kong was palpable during the recent Hong Kong FinTech Week, which featured exclusive NFT launches like Aftermint’s NFTs that provide citywide perks, alongside a commemorative NFT released by the Hong Kong Monetary Authority.

Polygon’s These NFTs, created on Polygon’s proof-of-stake blockchain, offer more than just aesthetic appeal; they unlock tangible benefits for their owners.

In the evolving realm of Web3, the idea of digital identity is undergoing a transformation, prioritizing privacy and user control. HSBC took a step forward by demonstrating its decentralized identity project at FinTech Week, showcasing the potential of Polygon ID and signifying a growing interest from major financial institutions.

HSBC Ventures and Animoca

To inspire innovation, Animoca Brands, AWS, and Polygon Labs have joined forces to host a hackathon aimed at accelerating development within Mocaverse, concentrating on Web3 identity and social platforms, and leveraging the capabilities of the Polygon network to boost loyalty programs.

🚀 We are thrilled to collaborate with Hong Kong FinTech Week 2023! Presenting an exclusive NFT created in partnership with G.O.D. – GOODS OF DESIRE. More than mere art, it’s a gateway to special benefits throughout Hong Kong 🍲🍷🛍️.

Dive into the digital evolution and unlock discounts across the city! Open to everyone…

aims to propel organizations into the Web3 realm. By providing cloud solutions, technical support, and effective market entry strategies, this initiative is tailored for companies eager to launch a Web3 venture in just 60 days, offering groundbreaking opportunities for startups.

— Aftermint (@theaftermint) October 29, 2023

Cyberport and AWS

Cyberport’s partnership with AWS and Polygon Labs At the Cyberport Venture Capital Forum, Sandeep Nailwal, co-founder of Polygon, shared his insights on Web3 and AI, alongside prominent figures like Cyberport Chairman Simon Chan and Hong Kong's Secretary for Innovation and Technology Dong Sun. This convergence of thought leaders highlights Hong Kong's dedication to fostering a vibrant Web3 environment.

With these strides, Polygon is at the forefront of driving Web3 advancement in Hong Kong. The vision of a fairer future through widespread adoption of Web3 is more than just a dream—it’s a tangible movement, with Hong Kong serving as a crucial hub on this transformative journey.

An Equitable Future with Web3

Keep an eye on our blog and social media for the latest news on Polygon's activities within the ever-evolving Web3 landscape. Together, we’re shaping a more inclusive digital future.

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