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With the China Cultural Industry Association taking the lead, nearly 30 Chinese enterprises and institutions have jointly launched the Initiative for Self-Regulation Development of the Digital Collection Industry on Thursday.
Binance NFT Marketplace introduced an NFT Minting feature on Thursday, which allows users to create their own NFT collections and mint NFTs on the BNB Smart Chain and Ethereum network.
QQ Music, a subsidiary of Tencent Music, recently added the "Music Zone" to its alpha test version. Music Zone provides users with a virtual space in which they can take part in various social experiences.
GameFi-as-a-Service platform Game Space and crypto trading platform Bybit will launch 3,200 limited edition NFT Mystery Boxes, which will be sold exclusively on the Bybit NFT Marketplace from June 30.
COL Digital Publishing, an operator of online IP rights, on Sunday launched "Fifth Prism," its first digital collection platform for the metaverse.
This week: Tencent halts sales on its NFT platform Huanhe amid regulatory scrutiny, Huobi founder to sell majority stake in the exchange at a $3 billion valuation, China shuts down 12,000 crypto-related social media accounts, and more.
On August 3, Tai Group, a Hong Kong based investment holding group, announced that it had completed the acquisition of Huobi Chat, a social product owned by Huobi Group, a virtual asset financial service provider.
The Sandbox announced a new partnership on July 27 with global gaming company Gravity, aimed at bringing Ragnarok, a massively multiplayer online role-playing game created by Gravity, into the metaverse.
On July 2, a vulnerability in the ticks account caused an exploit on Solana-based concentrated liquidity protocol Crema Finance for a total amount of $8,782,446. Crema Finance temporarily suspended the program and are now investigating it.
The digital collection platform owned by Tencent Music Entertainment Group is currently in a state of near shutdown. The company said that the digital collection plate is still in the evaluation and planning stage, and subsequent moves will be unveiled in the future.
Huobi Global, a leading crypto exchange, has agreed to be purchased by Hong Kong-based investment company About Capital Management (HK) Co., Limited. Leon Li, Founder and CEO of Huobi, will no longer serve as the shareholder and actual controller of the company.
Following the launch of virtual avatar "Douyin Zaizai," ByteDance's Douyin platform recently unveiled a new virtual space. Meanwhile, competing Chinese short video streaming platform Kuaishou is also developing a virtual avatar social networking layout.