Animoca Brands： Hong Kong's strict regulation hinders the development of 'native Web3', plans to cooperate with more manufacturers to expand the GameFi market

According to Hong Kong media Dongwang, Animoca Brands CEO Ouyang Qijun revealed that the popularity of the company's blockchain sandbox game The Sandbox has declined, and plans to cooperate with game giants to develop the GameFi market in the future, but specific details have not been disclosed at this stage. In addition, Ouyang Qijun stated that stablecoins and blockchain infrastructure can further promote Hong Kong's position as an international integrated center, allowing institutions including tokenized assets to develop rapidly in Web3. However, compared to native Web3, Hong Kong's progress in Web3 is slower, and in the future, a balance needs to be found between the two to promote the development of the ecosystem.