Hang Seng Bank in Hong Kong: It Launched the NFT Wallet “HS3” Earlier This Year

Hong Kong financial giant Hang Seng Bank stated that it will actively pay attention to the development of Web 3.0 and the virtual asset market to explore financial innovation. Hang Seng announced that it opened a Hang Seng Bank metaverse branch in the virtual world The Sandbox's MetaGreen earlier this year. In addition, Hang Seng Bank also revealed that it launched the first NFT wallet for customer use in the Hong Kong retail banking industry, "HS3," earlier this year.

Web3 Hong Kong

Comments

All Comments

Recommended for you

Cointime July 27th News Express

1. As of July 25, BlackRock IBIT held more than 338,000 bitcoins, an increase of more than 1,092 bitcoins from the previous day.
Hong Kong's financial industry may study launching stablecoin trading desks and institutional custody services

Hong Kong Monetary Authority recently announced the list of participants in the stablecoin issuer sandbox, including JD Coin Chain, Circle Coin Innovation, Standard Chartered Bank, Anni Group, Hong Kong Telecom and other institutions. Research reports released by Zeng Shengjun, a researcher at the Greater Bay Area Financial Research Institute of the Shenzhen Branch of Bank of China, and Guan Zhenqiu, a researcher at the Hong Kong Financial Research Institute of Bank of China, analyzed that the Hong Kong dollar stablecoin can improve the efficiency and inclusiveness of the Hong Kong financial system. Its stability, free convertibility, high security, high open source and cross-border mobility can provide support for a wider range of financial innovations.
Hong Kong Legislative Council Member: The issuance and trading system of tokenized bond-related products can be shared with the mainland

Hong Kong Legislative Council member Chan Chun-ying stated that the new productivity of Hong Kong's financial industry is currently mainly developed around digital and green themes. Regarding virtual assets, Hong Kong regulatory agencies should establish relevant trading platforms, stablecoin issuances, testing and operational mechanisms, capture digital development trends, and share relevant regulatory experience with the mainland. At the same time, Hong Kong's tokenized bond development is leading the world, and relevant product issuances, trading systems can be shared with the mainland or guide more mainland companies to issue, together meeting international market demand.
NFT market total sales fell 26.2% to $46 million in June

On July 8th, Binance Research's latest report showed that the crypto market experienced a significant downward trend in June 2024, with an overall decline of up to 11.4%. Due to the market downturn, the TVL (total locked value) of DeFi decreased by 8.7% in June. The NFT market also continued to be sluggish, with a total sales volume of $46 million in June, a decrease of 26.2% compared to May. The monthly sales volume of DMarket, the in-game item trading platform for Mythos, was the highest at $18.9 million, followed closely by CryptoPunks with sales of $16.1 million. The sales of top-tier ordinal series such as BitcoinPuppets and NodeMonkes decreased significantly, by 40.6% and 41.0%, respectively. BoredApeYachtClub's monthly sales volume slightly decreased, while PudgyPenguins performed better than the market, rising by 68.9%.
cointelegraph ·

Meta’s prototype ‘full holographic’ glasses could be a game changer for Web3

The new holographic display could give NFTs the Pokemon Go treatment.
cointelegraph ·

Hong Kong invites global opinions on web3 and virtual assets future

The Hong Kong Legislative Council is actively seeking feedback on several critical aspects of Web3 policy development, including balancing technical, legal, and regulatory frameworks.
cointelegraph ·

OKX Ventures invests in Web3 ‘play ARPG to train AI’ game Blade of God X

The game is currently available in early access on the Epic Games Store.
Cointime精选 ·

An introduction to Composable Culture, what it is and why it matters

The current landscape of emerging technologies like blockchain, web3, ai-related solutions and others is paving the way for what I see as the rise of composable culture (or modular culture as one of my peers said1). While I have been hinting the concept in my writings before, an explanation of why an there should be an umbrella term, what are it’s characteristics and advantages is needed.
Cointime精选 ·

Framing the Future of the Internet

Farcaster’s Very Small Apps Are a Very Big Deal
Cointime精选 ·

The Safe Case: How AI and Smart Accounts will Revolutionize Crypto

Web3’s first billion users may not only be humans, but AI agents, signalling a nascent but growing "agent economy"—an onchain economy run solely by AI agents that is turning the crypto-AI dream team into a reality.