PANews reported on April 14 that according to Hong Kong media Oriental Daily, Animoca Brands CEO Ouyang Qijun revealed that the popularity of the company's blockchain sandbox game The Sandbox has declined, and plans to cooperate with major game companies to develop the GameFi market in the future, but no specific details have been disclosed at this stage.

In addition, Ouyang Qijun said that stablecoins and blockchain infrastructure can further promote Hong Kong's position as an international financial center, enabling the rapid development of institutional Web3 including tokenized assets. However, in comparison, Hong Kong's progress in native Web3 is relatively slow, and in the future it is necessary to find a balance between the two to promote the development of the ecosystem.