With the vibrant development of Web3 and blockchain technologies, governments around the world are now acting to provide a facilitating regulatory environment. PolyU and Cybaverse Academy recently signed a Memorandum of Establishment to jointly set up the “PolyU and Cybaverse Academy Joint Lab on Law and Web3” – a first of its kind in Hong Kong that will focus on the intersection of law and Web3, encompassing the research and development of technological solutions and the exploration of relevant legal and industry standards. 

PolyU and Cybaverse Academy will collaborate to promote safety, security and the protection of privacy in the areas of Web3 and blockchain. The Joint Lab aims to provide regulators and other stakeholders with essential tools to enhance protection for the investment community and the general public.

Prof. Jin-Guang Teng, President of PolyU, is pleased about the University’s collaboration with Cybaverse Academy in the Web3 arena. Combining PolyU’s strength in blockchain technology education and research and Cybaverse Academy’s experience in R&D and Web3 development, he believes this synergy of academia and industry will generate a big positive impact in the near future. 

Mr Paul Li, Managing Director of Cybaverse Academy, said that the Joint Lab would provide a solid foundation for a better Web3 ecosystem by combining world-class research capabilities and industrial experience.