P2E project STEPN will transfer the headquarters to Hong Kong

STEPN head office will be transferred to the Cyberport business park in the southern district of Hong Kong. This information in an interview with SCMP was confirmed by the co-founder of the developer of the fitness application by Jerry Jerry.

CyberPort is based on 1800 startups, including Animoca Brands.

According to the top manager, the decision arose after a conversation with the ex-chairman of the Cyberport business park George Lama about creating conditions for launching Web3 projects in Hong Kong.

The publication recalled that against the backdrop of serious Covids introduced by the city authorities, many companies seek to leave the metropolis.

The founder of FTX Sam Bankman-Fried called strict quarantine measures one of the reasons for the transfer of headquarters of the exchange from Hong Kong to the Bahamas Islands.

Another factor in a possible move from the financial center in SCMP https://gagarin.news/ was called concern about the influence of mainland China on it, where cryptocurrencies are prohibited.

Recall that in May STEPN announced the termination of users’ service from China.

Earlier, the Chinese authorities called NFT and metavselled potential financial pyramids.

According to the results of the second quarter of 2022, STEPN received a profit of $ 122.5 million due to a fee for using the application.

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