The Hong Kong Web3 Festival 2025, a joint initiative of Wanxiang Blockchain Labs and HashKey Group, promises to showcase blockchain’s transformative potential. Prominent figures, including Xiao Feng, Chairman of Wanxiang Blockchain and CEO of HashKey Group, highlighted the technology’s ability to reshape industries and drive innovation. Speakers such as Vitalik Buterin and Hong Kong Financial Secretary Paul Chan Mo-po added further weight to this message, underscoring industry leadership. The event is expected to spark significant market shifts, potentially influencing trends in cryptocurrencies like ETH and BTC. Institutional backing from the likes of HSBC and Google Cloud suggests a heightened interest in blockchain’s potential for financial applications.