Crypto-Fintech Lab @HKUST is a pioneer of Web3 in Hong Kong, focusing on education, research, and practice in the field. They promote the concept of Web3, research underlying technologies like cryptography and blockchain, and apply them to various projects. The lab incubates Web3 projects such as decentralized insurance, NFT liquidity, borrowing protocol, career platform, and decentralized investment. They have support from sponsor investors and industry partners.