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According to data from research institute WeMeta, the average price of virtual land on six platforms based on Ethereum dropped from about $17,000 apiece in January this year to about $2,500 apiece in August, a decrease of 85%.
Authorities in China's Hunan province have recently busted a criminal group that used cryptocurrency to launder 40 billion yuan ($5.6 billion). The trade of digital currencies was banned in the country last September.
Project Galaxy announced on September 6 that it will be changing its name and logo to Galxe. Right before the announcement, Pandaily interviewed its co-founder, Harry Zhang. Zhang went through his own Web3 journey and introduced his ambitious vision for the future.
Agrotools, a leading technology and intelligence company for agribusiness, on June 6 announced that it has raised $21 million through an investment program initiated in 2020, focused on the company's expansion.
Digital asset financial services group HashKey Digital Asset Group, along with its partners, public cloud IaaS service provider Alibaba Cloud and internet infrastructure protocol PlatON, will co-host HAPathon 2023, a Web3 global startup competition.
On May 8th, Taiwanese singer, songwriter, and record producer Jay Chou signed cooperation agreement with state-owned China Mobile in the field of metaverse.
Shibuya, a Web3 video platform, received seed round funding of $6.9 million on December 8, led by a16z crypto and Variant, which was also the first Web3 startup to publicly accept investment from Joseph Tsai, co-founder and executive vice chairman of Alibaba.
Ever since Huanhe, a digital collection platform owned by Tencent, stopped distribution on August 16, Tencent Music Entertainment's digital collection platform has also attracted users' attention. Some have demanded a refund like Huanhe.
The digital collection platform of Chinese fashion e-commerce app Poizon was officially launched on Saturday.
This week: Tencent-backed digital publisher jumps on NFT bandwagon, Chinese state media signals tighter crypto control following Terra's collapse, Coinbase rescinds accepted offers as valuation plummets, and more.
Finland-based cryptocurrency arbitrage platform Mosdex has raised $20 million in a Series A financing round, to be implemented for global expansion plans.
This week: metaverse dating app Soul eyes Hong Kong IPO, ByteDance continues metaverse investments with the acquisition of VR startup PoliQ, Chinese tech giants vow to end NFT speculation, and more.