‘Breakthrough growth’ will be driven by Web3: HK financial secretary

Hong Kong’s Financial Secretary, Paul Chan Mo-po has reiterated his support for blockchain technology, calling it the next wave of “breakthrough growth” in the digital technology industry in a recent blog post.

In an Aug. 27 statement, Chan wrote that emerging sectors within Web3 such as NFTs, GameFi, Play-to-Earn gaming, and immersive entertainment are set to lead the next generation of digital entertainment.

“The core blockchain technology of Web3, with its characteristics of…