The Web3 Strategic Layout of Listed Companies: The Transformation Path of Boya Interactive

In recent years, an increasing number of listed companies have begun to focus on and layout in the Web3 field. As one of the pioneers of this trend, Boya Interactive (0434.HK), under the leadership of Chairman Dai Zhikang, boldly ventured into the cryptocurrency asset field in 2023, becoming a leader in Web3 investment in Asia. This article will delve into Boya Interactive's transformation strategy, business innovation, and insights into the future development of Web3.

The Integration of Online Games and Web3 Technology

The transformation of Boya Interactive stems from its deep accumulation in the online gaming field and the natural fit with Web3 technology. Dai Zhikang stated that he personally began investing in blockchain-related projects in 2014 and has conducted in-depth research and reflection on this field. He believes that the Web3 industry has enormous growth potential, and Boya Interactive's 20 years of experience in online gaming has laid the foundation for the company's entry into Web3.

Dai Zhikang pointed out that the game currency in board games is essentially similar to stablecoins, which allows game users to potentially become new users of Web3. He believes that high-quality Web3 game products could lead to explosive user growth for blockchain. Based on this belief, Boya Interactive announced its entry into the crypto field in August 2023, investing over $200 million to purchase crypto assets, including 3,353 bitcoins.

The Vision of Becoming the "Asian Version of MicroStrategy"

The strategic goal of Boya Interactive is clear: it aims to become the Asian version of MicroStrategy. Dai Zhikang stated that the company will learn from MicroStrategy's successful experience and continue to increase its Bitcoin holdings to maintain its leading position in Asia. He mentioned that a financing strategy similar to that of MicroStrategy may be adopted to achieve this goal.

However, Boya Interactive's strategy is not limited to cryptocurrency asset reserves. The company also integrates gaming with Web3 technology as a core strategy, planning to create and issue new digital assets through gaming and investment. This unique direction may become a key feature that distinguishes Boya Interactive from MicroStrategy.

In the face of fluctuations in the crypto market, Boya Interactive has demonstrated strategic stability. Dai Zhikang firmly believes that cryptocurrencies will become mainstream assets in the future world, although there is still a long way to go to achieve this goal. The company currently has no plans to sell Bitcoin and intends to continuously increase its holdings through financing from the secondary market and profits from traditional gaming business.

Exploration of Web3 Games and Infrastructure

Boyaa Interactive's Web3 strategy has achieved significant results. The company's stock price surged from HKD 0.5 to HKD 8.2, an increase of nearly 17 times, reflecting the market's recognition of its Web3 strategy. Dai Zhikang pointed out that this growth has led investors to rediscover the value of Boyaa Interactive.

In terms of business innovation, Boya Interactive is actively exploring the development of Web3 games. Dai Zhikang emphasized that the biggest difference between Web3 games and traditional games lies in the distribution of benefits. In Web3 games, the tokens obtained by users have real value; the better the game performance, the higher the token value, and the more benefits players receive.

The MTT ESports project invested by the company is a successful case, attracting tens of thousands of users worldwide in just a few months since its launch, with approximately 60,000 to 80,000 active users weekly. In addition, Boya Interactive has also invested in Web3 infrastructure, such as public chains, wallets, and DeFi platforms, to build a complete ecosystem.

The Development of Web3 in Hong Kong and the Future of Boya

The transformation of Boya Interactive benefits from Hong Kong's unique advantages as a global Web3 hub. Dai Zhikang believes that Hong Kong's role in the global Web3 arena has upgraded from a "testing ground" to a "systemic hub," showcasing unique competitiveness in its strategic positioning, regulatory innovation, and ecosystem development.

Looking to the future, Boya Interactive will continue to drive development through three major strategies: continuously increasing Bitcoin reserves, maintaining steady growth in traditional gaming business, and increasing R&D and investment in Web3 gaming. Dai Zhikang believes that as the consensus around Bitcoin strengthens and its price continues to rise, the value of Boya Interactive will be recognized by more investors.