The Metaverse signifies the arrival of Web 3.0 with a new economic structure. A number of governments from different places have already introduced relevant policies to support the economic development of the Metaverse. It is worth to look at how Hong Kong can tap into this economic opportunity and catch up with the global development trends. The Youth I.D.E.A.S. (established by HKFYG Youth Research Centre) has completed the study on “Tapping into the Economic Opportunities of the Metaverse” through an online survey and in-depth interviews and released the report on 31 July 2022.