Vice Chairman of the All-China Federation of Industry and Commerce and Chairman of the Board of Directors of Wanxiang Group, Lu Weiding, gave a speech at the opening ceremony of the Web3 Carnival in Hong Kong, stating that this year's second Web3 Carnival will continue the effect of last year. According to incomplete statistics, in addition to the main venue activities, there have been more than 150 peripheral activities. There are also new features: first, it has a more representative global presence, with more major WEB3 projects from Europe and the United States attending than last year; second, the topics of blockchain infrastructure and blockchain application protocols are almost equally discussed, and we can clearly feel the wave of blockchain applications coming. Compared with the beginning of Internet applications in 1995, the "1995 moment" of blockchain applications is coming. The next ten years will be the core moment of the explosion and value discovery of blockchain and WEB3 applications.

At this moment, it is not only the best time for Hong Kong's economic development to shift from governance to prosperity, but also the best time for the innovative development of the global virtual asset industry.