// The Hong Kong government has set aside HK$50 million (about US$6.4 million) for expanding its local Web3 ecosystem. The funds will be used to organize major international seminars and workshops for young people, among other initiatives.
The city-state aims to enable industry players and enterprises to better grasp the frontier development of the Web3 ecosystem and to promote business cooperation across sectors. https://www.techinasia.com/hong-kong-allocates-64m-web3-expansion //