In a recent statement, Animoca Brands CEO Ouyang Qijun revealed that the popularity of the blockchain game The Sandbox developed by the company has shown signs of decline. Faced with this situation, Animoca Brands is planning to collaborate with major game companies worldwide to expand and promote the development of the GameFi market – a field that combines gaming and decentralized finance (DeFi). However, specific details about strategic partners have not yet been disclosed at this time.

Additionally, Ouyang Qijun also expressed the view that stablecoins and blockchain infrastructure will play a crucial role in consolidating Hong Kong's position as an international financial center. These factors could facilitate the rapid development of Web3 for financial institutions – including tokenized assets.

However, he also candidly stated that compared to the progress in organizational Web3, native Web3 in Hong Kong is developing significantly slower. Therefore, in the coming time, finding a balance between these two aspects will be a key factor in comprehensively promoting the Web3 ecosystem in the region.