Web3 Archives - Page 6 of 13

Metaverse Firm Shadow Creator Reportedly Facing Salary Arrears

Shadow Creator, one of the earliest companies in China to engage in the metaverse field, was reported by social media users on August 23 to be owing wages of more than 200 employees.

Metaverse Game Downloads Exceed 110 Million in H1 2022

Sensor Tower, a mobile app marketing intelligence firm, released a report on August 24 which analyzed the changes of mobile game market in the metaverse in recent years.

Binance Launches One-Month ETH/BUSD Zero-Fee Trading

Cryptocurrency trading platform Binance will introduce zero-fee trading for the ETH/BUSD spot trading pair on August 26, with the validity period ending on September 26, the company announced on August 23.

Huawei, Tencent and Others Build Joint Metaverse Research Institute

The Joint Research Institute of Metaverse and Virtual-Real Interaction was formally established by a group of institutions and tech firms recently in Shanghai.

Safeheron Announces $7M in Pre-A Funds and Cooperation With MetaMask

Safeheron, an open-source, zero-trust, self-custody solution for Web3 small and medium enterprises (SMEs), on August 19 announced its pre-A funding worth of $7 million and the strategic partnership with crypto wallet MetaMask.

NFT Weekly: Betting Big in the Crypto Winter

This week: Bitcoin mining giant Canaan doubles profits despite China's crypto ban, Animoca Brands bets big during crypto winter, metaverse jobs disappear as hiring slows across global tech companies, and more.

Stablecoin HUSD Faces Liquidity Issues, Huobi Withdrew in April

HUSD, an Ethereum network-based stablecoin issued by Stable Universal Limited, has become the latest cryptocurrency to lose its parity with the U.S. dollar, tumbling by as much as 14.7% on August 18.

STEPN Launches Its Own Multi-Chain DEX DOOAR

Move-to-Earn Web3 platform STEPN announced on August 17 its launch of DOOAR, a multi-chain decentralized exchange (DEX) built by Find Satoshi Lab for STEPN users and beyond, with a brand new UI/UX design.

NFT Weekly: Huobi’s Big Move

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.

NFT Analytics Platform Zash Partners With Binance to Launch NFT Data Products

UK-based NFT analytics platform Zash has partnered with Binance, the world leading crypto exchange, to launch a suite of enterprise data products that will serve the rapidly growing NFT market, an August 16 announcement showed.

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.

Bitcoin Mining Platform Moxian Divests Chinese Subsidiaries Amid Local Regulations

Moxian, a Nasdaq-listed company engaged in bitcoin mining and related services in the United States, announced on August 15 that its wholly-owned subsidiary has transferred all equity interest of Moxian (Hong Kong) Limited to Liu Jiantao, a resident of China.