Key points
- Yat Siu, Co-founder of Animoca Brands, joins Hong Kong government’s Task Force on Promoting Web3 Development.
- The Task force aims to shape adoption of blockchain technologies in regulation, ecosystem building, industry development, and talent development.
Yat Siu, co-founder of Animoca Brands and executive chairperson, has been appointed to Hong Kong government’s Task Force on Promoting Web3 Development.
Yat Siu, the co-founder of Animoca Brands and executive chairperson, has been selected to join the Task Force on Promoting Web3 Development, an organization recently established by the Hong Kong government.
Recognizing the importance of virtual assets in a thriving Web3 ecosystem, the government established this task force to offer recommendations for the responsible and sustainable advancement of Web3 in Hong Kong.
Comprised of key government officials, financial regulators, market sector members, and Siu himself, this 15-member team aims to provide recommendations for the sustainable and responsible development of Web3 in Hong Kong.
The Task Force on Promoting Web3 Development was created in response to the Hong Kong government’s policy statement on virtual asset development, which recognizes the significance of Web3 in the evolving digital landscape.
By bringing together a diverse group of experts, the task force aims to shape the adoption of blockchain technologies in various areas such as regulation, ecosystem building, industry development, and talent development.
Animoca Brands, a leading gaming company focusing on digital property rights within the metaverse and gaming industry, has gained prominence for its innovative creations. The company is responsible for popular titles like The Sandbox and Revv.
With a mount of cash and stablecoin, Animoca Brands stands in a financially strong position, solidifying its status as one of the most active blockchain investment firms worldwide.
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