Odaily Planet Daily News: The Legislative Council of Hong Kong (LegCo) recently released a discussion paper revealing the progress made by Cyberport in developing the Web3 and crypto ecosystem. Currently, more than 270 Web3 companies have joined Cyberport, and more than 120 new Web3 companies have been added in the past 16 months. Hong Kong allocated US$50 million in the 2023-24 budget to promote the expansion of Cyberport's Web3 network. The founders of these companies come from more than 20 countries and regions including Japan, the United States and India, in addition to local innovators.