Meta will work with Hong Kong residents to increase global interest in the Metaverse

The Trust Project is a worldwide group of news organizations working to establish transparency standards.

A Metaverse avatar of Mark Zuckerberg demonstrating communication in VR

Meta will provide Hong Kong residents with hands-on digital experiences to explore how people perceive the innovative virtual world and how the Metaverse could be implemented in the daily activities of the city’s 7.4 million residents.

As SCMP reported, Mark Zuckerberg’s Meta will partner with local establishments for hands-on virtual life experiences. The global tech company will organize VR exhibitions in the city’s cafes and art institutions and will train teachers and students on how to implement AR technology for learning. In addition, Meta will collaborate with Hong Kongese creators to share NFT projects on Instagram.

“Hong Kong plays a key role in the technology ecosystem of the Asia-Pacific region, and Meta remains committed to driving economic and technological development in this market,” said George Chen, Meta’s managing director of public policy for Greater China, Mongolia, and Central Asia.

Meta aims to create a Metaverse where users can socialize, work, play, and have another life. The company recently announced plans to release Horizon Home virtual space and the Quest 2 headset, which will advance virtual world socialization.

Next year, Meta plans to open the Metaverse Academy in France to expand the company in Europe and educate more people about the Metaverse.

One of the biggest blockchain developers based in Hong Kong is Animoca Brands, the creator of The Sandbox. The company aims to strictly follow the decentralized model that allows users to decide and govern the virtual world. However, Meta is a centralized business model that follows a different approach and has received a lot of criticism from the Web3 community.

“We are investing aggressively and broadly to facilitate the growth of the open Metaverse. We’re in a bit of a hurry because we think the biggest threat isn’t regulation but it is groups like Facebook or Tencent. This model of an open metaverse is very much in contradiction to the way that they’ve currently constructed their business,” Yat Siu, the executive chairman of Animoca Brands, said in April.

Read related posts:


Any data, text, or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results.

Agne Cimermanaite

Agne is a journalist and writer with a background in literature, culture, and arts. She entered the Web3 space in 2021 and began writing about cryptocurrency and NFTs. Agne is passionate about technology and storytelling and is always on the lookout for exciting stories.

Follow Author

More Articles