• While there were fewer exhibitors this year, the Web3 Festival has attracted a more international crowd with 80 per cent of participants from outside the city

  Attendees offered glowing assessments of Hong Kong’s Web3 prospects despite the smaller crowd, weeks after bitcoin reached its highest price ever Attendance is down, but enthusiasm is up at Hong Kong’s Web3 Festival this year amid sky-high bitcoin prices that have helped draw in an even greater proportion of overseas participants compared with last year.

  The vast majority of participants – an estimated 80 per cent – came from outside Hong Kong, said Deputy Financial Secretary Michael Wong Wai-lun on Saturday in his opening remarks. The 2024 conference has seen more exhibitors from Europe and the US specifically, according to Lu Weiding, CEO of Wanxiang Group, which owns the event organiser HashKey Group