Event Coverage 7 minutes PremiumHong Kong Web3 Festival: Generative AI, Standardization and Hong Kong’s Ambition To Fuel Web3 Development Terence Ng, Senior Analyst Sector Lead: John Harmon, CFA, Managing Director of Technology Research May 5, 2023 Table of ContentsIntroduction Hong Kong Web3 Festival: Coresight Research Insights NFT Utility and Metaverse Startup Funding Shifts Amid Web3 Confidence Knocks Hong Kong Is Positioned To Spearhead Global Web3 Development Web3 Development Requires Standardization and Collaboration Generative AI Can Make Web3 Faster and Richer, but It Needs a Responsible Framework What We Think What's InsideHong Kong has ambitions to become a global Web3 hub and financial center. The Coresight Research team attended the inaugural Hong Kong Web3 Festival in April 2023, which was jointly organized by the HashKey Group, Wanxiang Blockchain Labs and W3ME. In this report, we present insights from the festival, covering the metaverse, Web3 developments, standardization and generative AI (artificial intelligence). Other relevant research: ChatGPT and Generative AI: Five Things Retailers Should Know Building Blocks of the Metaverse: Artificial Intelligence (AI) MarketingPulse and eTailingPulse 2023: Retailers Leverage Localization, Web3, AI and Audio To Engage with Consumers in China Scaleup Impact Summit 2022: The Latest Trends in AI, the Metaverse and Web 3.0 HKSTP x HKBAN Investment Pitch: Hong Kong-Based Tech Startups Present “Smart City” Solutions All Coresight Research coverage of emerging technology and the metaverse This report is for Premium subscribers only. Learn more about subscriptions here.If you are a Premium subscriber, please log in. Other research you may be interested in: