Dr. Ming Wu, the Co-Founder of Conflux Network, was invited by the Hong Kong government to talk about the role of Web3 and Conflux Network in tech innovation.

During the visit, he discussed the recently released “Policy Declaration on the Development of Hong Kong Virtual Assets” with various institutions.

Dr. Wu went over Conflux Tree-Graph, a compliant, public, and permissionless chain in China that has impressive throughput, confirmation time, and cost of use.

In addition, he mentioned that Hong Kong’s open environment for cryptocurrency provides more opportunities for Web3 and Metaverse practitioners, especially those from China, and that Conflux Network might become the foundation for Web3 in Hong Kong.

Recently, Conflux Network was identified as a potential unicorn in a joint report from HSBC and KPMG, making it one of only five blockchain-related businesses to get this recognition.