The Web3.0 era begins, Lion Group Holdings (LGHL.US) seizes the opportunity

Recently, the Financial Services Department of Hong Kong (Financial Services and the Treasury Council) officially issued the “Policy Declaration on the Development of Virtual Assets in Hong Kong” (hereinafter referred to as the “Declaration”), clarifying its policy position on embracing virtual assets to the global market, making it clear that Hong Kong has an open and compatible attitude towards innovators in the global virtual asset business, demonstrating its determination to explore financial innovation with the global virtual asset industry, and has played a positive guiding role in the development of virtual asset-related enterprises in Hong Kong. The HKSAR Government believes that DLT (distributed ledger technology) and Web 3.0 have the potential to become the future of finance and commerce. While stepping up preparations for a new licensing system for virtual asset service providers, the HKSAR Government is studying and launching pilot plans such as non-homogenized tokens (NFTs), green bond tokenization, and the CyberHong Kong dollar.

Lion Group Holding Ltd. (Lion Group Holding Ltd.), November 4, 2022 (“Lion Group” or “The Group”) (NASDAQ: LGHL) is a one-stop trading platform operator providing investors with a wide range of products and services, and an innovative product developer focused on the metaverse and Web 3.0 fields. The group said that Hong Kong's current initiative clearly supports the development of the virtual asset field, providing hard core support and catalyst for the development of the Metaverse and Web 3.0 businesses pioneered by Lion Group. Currently, its metaverse project Lion World has completed the first phase of development and is working hard to build a Web3.0 carbon credit infrastructure around ESG (Environmental Social Governance).

Lion World began as an extension of the “Metaverse AI Creation Tool” jointly developed with DAWA Future Graphic Technology (DAWA Future Graphic Technology) in 2021. The project aims to become a decentralized UGC platform and content ecosystem creator in the Web3.0 era, providing users with a virtual space to learn, work, play, and socialize. Built using Unreal Engine 4, it supports a wide range of activities through output tools and infrastructure, providing a broad and fully immersive meta-world experience. It also supports independent game developers to develop various games in Lion World through the game chain and operation in conjunction with the P2E model. “Metapals” and “Mecha” are two blockchain games independently developed by Lion World and are about to enter the alpha testing phase.

In the field of promoting content innovation, Lion Group's “MetaWords” project, in collaboration with world-famous artist Xu Bing, aims to create new use cases for NFTs. Users can create their own original works through Xu Bing's “Earth Book: From Point to Point” to enhance digital commercial value.

In the ESG field, Lion Group has reached cooperation with OCANZ to establish a global carbon credit infrastructure, connect global green actors based on WEB3.0 technology, and resolve key issues such as inclusive mobility and verification under privacy protection

Mr. Wang Chunning (Wilson), CEO of Lion Group Holdings, said, “Lion Group is focusing on intensive cultivation in Singapore and Hong Kong, which are key locations in global financial centers. The series of policies on virtual assets are exciting and coincide with Lion Group's business ecosystem layout. The appeal of virtual assets to global investors can be seen. As shown in the “Declaration”, virtual assets have become indispensable in the market with the future opportunities brought by virtual assets entering the Web 3.0 and metaverse fields. We are convinced that the general trend of the Web 3.0 era will bring huge benefits to the digital market, and Lion World, which has core competitiveness, is expected to become one of the important metaverse projects in the market. In the future, we will continue to be optimistic about the development prospects of virtual assets, fintech, and Web 3.0, and launch more related digital plans to improve the business layout, bring innovative product experiences to users, and continue to create meaningful value growth for shareholders.”

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