Web3 Archives - Page 3 of 13

Comedian Stephen Chow Hints at Bringing His Film Character to Metaverse

Stephen Chow, a Hong Kong comedian, filmmaker and actor known for Shaolin Soccer and Kung Fu Hustle, posted on Instagram on October 31 to ask which of his movie characters people would most like to see in the metaverse, hinting that he will introduce his own characters to the Web3 world.

Huobi Denies Mass Layoffs and Departure of Executives

Reports have emerged claiming that the former CEO and CFO of Huobi, a crypto exchange that has been purchased by a Hong Kong-based investment company, have resigned, and that large-scale layoffs will be carried out. However, this report was then denied by company officials.

Hong Kong Unveils Measures to Develop Virtual Assets Value Chain

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.

Binance Invests $500M in Elon Musk’s Twitter Acquisition

With Elon Musk taking over Twitter, Binance, the world’s largest crypto exchange, confirmed on October 28 that it was an equity investor in the billionaire’s $44 billion acquisition.

Hong Kong to Legalize Retail Crypto Trade as Mainland Ban Persists

A planned mandatory licensing program in Hong Kong for crypto platforms set to be enforced in March of next year will reportedly allow retail trading. Regulators are seeking to allow listings of bigger tokens but won't endorse specific ones like Bitcoin or Ether.

Coca-Cola and Tencent Music’s TMELAND Create Metaverse Zone for Fans

TMELAND, the first virtual social music platform under Tencent Music Entertainment, opened a new metaverse zone for fans on October 24 during the Coca-Cola Fan Festival through WeChat mini programs in China.

Crypto Mining Firm Canaan Launches Cutting-Edge Bitcoin Mining Rigs

Chinese crypto mining rig manufacturer Canaan Inc. on October 24 launched the Avalon Made A13 series, a new generation of bitcoin mining machines.

LiveArt Meta-morphic Public Sale to Launch on Oct. 24, With Support From Top NFT Marketplace and Blue Chip Communities

According to LiveArt, the NFT collection "Meta-morphic: Seven Treasures" by contemporary master Huang Yuxing will be open for public sale on October 24, 2022 14PM UTC.

Metaverse Startup Flowing Cloud Lists in Hong Kong, Flat R&D Investment Raises Concern

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.

Short Video Giants Douyin and Kuaishou Compete for Social Metaverse

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.

Attackers Mint XEN Token for Free Through Crypto Exchange FTX’s Hot Wallet

XEN token is a recently launched Ethereum project minted by paying gas fees. According to a blog post by X-explore on October 13, an attacker has been minting the XEN token for free, while the FTX crypto exchange pays the gas fees.

Shanghai’s Hongkou District Subsidizes Metaverse Startups With Up to Nearly $28K

Applications for a science and technology entrepreneurship project in Shanghai's Hongkou District with a metaverse focus have now commenced. As part of this initiative, the local government body will provide eligible startups with financial support of up to $27,878.

STEPN Denies Mass Layoffs, Devotes More Resources to Parent Firm

Move-to-earn Web3 platform STEPN is reportedly planning to lay off more than 100 moderators, brand ambassadors, and others amid a struggling cryptocurrency market. However, the company said that such reports were "baseless claims that are factually inaccurate."

Chinese Entertainment Firm Huayi Brothers Holds Shares in Metaverse Startup

As of October 12, a subsidiary of Chinese multinational entertainment company Huayi Brothers Media Corp. held 20% of shares in Metaverse Culture and Entertainment Management (Qingdao) Co., Ltd., and James Wang, one of Huayi Brothers' founders, was serving as its director.

LiveArt Announced Meta-morphic Reserve Campaign, Holders Are Able to Get Second Chapter NFT Airdrop by Reserving

LiveArt has launched the Meta-morphic NFT reserve campaign. All Meta-morphic holders can participate in the reserve campaign, and the participants will receive a free NFT airdrop in the second chapter of Huang Yuxing’s NFT.

Chairman of China’s ZQGame Holds Metaverse Wedding, Launches Digital Wedding App

Li Yilun, chairman of Shenzhen-based publicly listed online game company ZQGame, held China's first "metaverse wedding" based on his own actual wedding on October 8. Li took over the firm's chairmanship from his father just five months ago.

Chinese Businessman Wang Sicong Indirectly Holds Shares of Digital Collection Platform MintTown

Due to the indirect shareholding of Wang Sicong, a Chinese businessman and the only son of prominent real estate magnate Wang Jianlin, MintTown has become one of the most popular digital collection platforms in China.

Justin Sun Is Reportedly the Core Investor of Huobi Acquirer About Capital

Justin Sun, a Chinese cryptocurrency entrepreneur and the founder of Tron, a blockchain DAO ecosystem, is reportedly the core investor of Hong Kong-based investment company About Capital Management, which recently purchased crypto exchange Huobi Global.

Binance’s BNB Chain Resumes Activity after Exploit Drained $100M

BNB Chain, the native blockchain behind Binance, resumed operations on October 7 after reports indicated a hacker made off with an estimated 2 million BNB tokens by exploiting a vulnerability in the network.

Crypto Exchange Huobi Acquired by About Capital, Founder Steps Down as Shareholder

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.

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