
Tencent's Huanhe Stops Distribution of Digital Collections
On August 16, Huanhe, a digital collection platform under Tencent, announced that it had stopped the distribution of digital collections, as the company turns to focus on core strategies.
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On August 16, Huanhe, a digital collection platform under Tencent, announced that it had stopped the distribution of digital collections, as the company turns to focus on core strategies.
As copyright vulnerabilities have led to significant confusion around NFT licenses, the crypto arm of venture capital firm Andreessen Horowitz (known as a16z) now thinks it's time for a new set of licenses, designed specifically for NFTs.
This week: China's Communist Youth League launches NFTs, crypto mining rig maker Canaan added to SEC list of scrutinized Chinese companies, Regal Hotels to launch virtual conference center in the metaverse, and more.
Chinese blockchain entrepreneur Justin Sun has announced that he successfully auctioned off a complete set of NFT works featuring the heads of the twelve animals for a price of almost $1.50 million from MetapolyXM.
Metaverse-based social products are rapidly emerging as the new trendy focus for the Chinese tech world. According to Qimai Data, about 228 apps in China have added "metaverse" to their descriptions so far.
Web3 credential data network Project Galaxy has partnered with metaverse project AlterVerse to build a new space in Sky City to create a reward and engagement strategy.
AR and VR services provider Flowing Cloud was officially listed on the Hong Kong Stock Exchange on October 18 as its first metaverse-related stock, with an opening price of HK$2.21 ($0.28) per share, equal to the issue price.
The Hong Kong government issued a policy statement on the local development of virtual assets at the opening of the city's flagship tech conference Hong Kong FinTech Week on October 31, aiming to promote the city as an international crypto hub.
Cryptocurrency trading platform Hotbit announced on August 10 that it would suspend trading, deposits, withdrawals and funding functions, without specifying the exact time of their resumption.
The Solana ecosystem has experienced a crypto exploit, with users reporting that their funds have been drained without their knowledge across a number of Solana-based hot wallets, including Phantom, Slope and Trust Wallet.
On Thursday, Solana Mobile, a subsidiary of Solana Labs, introduced Saga, a flagship Android mobile phone that tightly integrates with the Solana blockchain making it easy and secure to transact in Web3 and manage digital assets.
Founded in 2013, STEPVR took the lead in producing VR devices, and aims to popularize VR equipment much like PCs have become in people’s homes.