This event comes at a crucial time for Hong Kong, which has recently witnessed a drain of cryptocurrency talent
for their first ApeFest outside of New York. The event, a convergence of over 2,500 NFT aficionados, not only marks a significant push into Asia’s burgeoning Web3 landscape but also highlights Hong Kong’s rising profile as a virtual asset hub.The three-day extravaganza drew participants from 60 countries, signifying the widespread appeal of the Bored Apes.
due to more favorable regulations elsewhere. Yuga Labs’ decision, supported by local government initiatives and partnerships with firms like Animoca Brands, signals a potential reversal of this trend. Despite the challenges facing the NFT market, such as falling sales and regulatory scrutiny in the U.S., Yuga Labs’ commitment remains steadfast. Their confidence is mirrored by the enthusiasm of Bored Ape enthusiasts, some of whom traveled internationally for the first time to be part of the community gathering.Gizmochina brings you the best of Chinese Tech from emerging smartphone companies, innovative startups, to crazy smart home products and revolutionary technologies.
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