Swapchat is one of the players seeking to bridge traditional Web2 users and the Web3 world through social products. According to Luke Wang, the co-founder of Swapchat, Swapchat hopes to BUIDL a new protocol than can revolutionize the messaging process.
This week: Shanghai pledges support for NFT trading platforms, Animoca Brands raises another $75 million amid crypto market crash, Tencent shuts down NFT platform to comply with government rules, and more.
Rivtower Technology, a blockchain infrastructure development and service enterprise, announced on July 15 that it had completed a Pre-B round of financing worth several millions of yuan, led by Security Capital.
Tencent News will suspend the sales service of digital collections from July 1, 2022, due to the adjustment and transformation of the company's business model.
On July 13, the HASHII encrypted digital print was jointly released by Inmyshow Digital, a new media marketing company, and Skyworth, a television manufacturer.
After its funding round, Pandaily interviewed Howard Xu, Co-Founder of Ancient8. We discussed why he believes Ancient8 will stand out in the highly competitive game-guild field, what the next trend for Web3 games is, and more.
This week: Crypto investor Sequoia Capital China raises $9 billion, Chinese beauty app Meitu records up to $52.3 million in net losses amid crypto market crash, Animoca Brands leads $32 million funding round for Web 3.0 gaming company Planetarium Labs, and more.
Since the bankruptcy and liquidation of Terra/LUNA, stETH, and 3AC, the transaction volume of the world's NFT market has shown a downward trend. Meanwhile, China, on the other side of the ocean, is leading the digital collection market.
BlockSec, which focuses on blockchain architecture security, has recently completed an angel+ round of financing worth nearly 50 million yuan ($7.46 million).
Builtopia, a metaverse technology service provider, has recently completed a seed round financing worth tens of millions of yuan led by Shunwei Capital. The funds will be mainly used for technology upgrades and marketing.
After the DeFi Summer, the introduction of DeFi attributes and the inspiration of token economic mechanisms made GameFi – represented by Axie – usher in a large-scale outbreak. Play to Earn (P2E) has also become the key to all blockchain games.
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.
Alex Atallah, co-founder of OpenSea, the largest web3 marketplace for NFTs and crypto collectibles, announced on July 2 that he would step away from the company on July 30, but will remain on the company's board.
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.
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.
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.
According to security agency PeckShield, NFT lending protocol XCarnival was hacked on June 26, and the perpetrator made a profit of 3,087 Ethereum – about $3.8 million.
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 Pool, the cryptocurrency mining platform of Binance, on Wednesday announced a new partnership with UltimusPool, a full-featured mining pool solution designed to provide easy-to-use, reliable, and compliant services for global cryptocurrency miners.
