In a recently published budget statement, the Hong Kong government expressed strong interest in the third-generation Internet industry, Web3, aiming to seize the opportunity to spearhead innovation and development. The budget is for the 2023/2024 fiscal year, and the Hong Kong government noted that it would allocate $50 million to expedite Web3 ecosystem development by The post Hong Kong Govt to Allocate $50M to To Expedite Web3 Development appeared first on Coin Edition .