Hong Kong first to Adopt web3
China has been on the first in line as far as the digital adoption is concerned. They seem to be in every tech and the adoption seems to be pretty natural for them.
However I was surprised that after years of opposing the crypto. Today I noticed that the people and the business are now being positive towards the web3. And govt is being favorable too.
So it seem like Hong Kong has been the getting the throne of first to adopt the web3 officially.
Web3 in Investment Option
We always blogged about the web3 here on Leofinance. In fact I remember taskmaster blogged a lot on how the adoption of the web3 wallets would change the world. And that was true at that point and even today.
Web3 is now expanding it's tentacles into the other nations. China is one of those nations where things are slowly going to be strong. And people are going to love the way it saves them from the wrath of the cash.
China would be slowly adding up the options to invest into markets, bonds, gold and other resources. So there would be some strong option for the investment. It can be something china and other nation have to watch out.
Domino Effect for web3
Web3 takes a bit time to adopt because we don't have the usecase. A lot of those use case have to be neutral to the nations too. Like some nations would welcome apps which are not specific to region.
By domino effect we mean that hong kong's result would be adopted by other people in the world. And so that slow development of the things would power up the nations and this becomes the hit in other places. That's for sure.
China also wants to be a blockchain and tech hub. And they prefer having the first flag in the world. So that is going to happen. We know how that would be possible for most of us. It kind of would be fun to watch these changes.
What about your nation?
My nation Singapore has it's own share of the issues. Binance is going out and so does other exchanges. So things would take a bit of time for the web3 and web4 world to catch up on.
I suppose if the investment of the time and the tech is done on the right places then the hong kong sounds like moving in the right direction. So it all makes sense for us these days.
What do you think?
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