tencent – Page 2 – DIGIT INFO

China’s Metaverse Gaming Market Might Explode to Over $100 Billion According to JPMorgan

Analysts from JPMorgan believe that the metaverse gaming market could explode in China even with the current state of regulation, which presents certain difficulties for adoption. Companies like Tencent, Netease, and Bilibili are JPMorgan’s picks when it comes to taking advantage of this potential growth, that at best, might pass the $100 billion mark. JPMorgan […]

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Report: Chinese Metaverse Industry Raises $780 Million in Funding

The Chinese metaverse industry has reportedly raised about $780 million in funding and there are expectations this will grow to be a $5.8 trillion industry by 2030. So far there are 160,000 virtual human enterprises in China while 20 provinces or cities in the country are reportedly supporting the metaverse. Developing the Metaverse According to […]

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Tencent receives patent for blockchain-based missing persons poster

The simple patent idea took three years to be granted regulatory clearance.

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Bitcoin traders anticipate new yearly lows after BTC’s $25K rejection — Data disagrees

Should traders expect further downside after BTC failed to hold above $25,000?

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Chinese Tech Giant Tencent to Shut Down NFT Platform Amid Trading Restrictions

China’s Tencent Holdings plans to shut down its non-fungible token (NFT) platform Huanhe only a year after its launch. The social media giant has reportedly made the decision because of the strict ban on the resale of NFTs imposed by the authorities in Beijing. Huanhe to Close Down a Year After Launch as China Curbs […]

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Tencent shuts down NFT platform as gov policy makes it impossible to thrive

While NFTs are not banned in China like cryptocurrencies, the government has warned against fraud risks associated with the nascent sector.

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Tencent Launches Extended Reality Unit to Tackle the Metaverse Market

Tencent, the Chinese technology and entertainment giant, announced the creation of its own metaverse-driven division. The division, named the extended reality unit, will be the one tasked with encompassing all metaverse-driven efforts, including hardware and software developments. According to reports, the company aims to employ over 300 in this unit, with Tencent giving it big […]

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Wechat to Prohibit Accounts From Providing Some NFT and Crypto Services

Tencent’s #Wechat to ban accounts from providing transaction channels and guidance for #cryptocurrencies.

Tencent’s Wechat intends to impose penalties on public accounts facilitating secondary trading of NFTs, a press report has revealed. Accounts offering transaction channels and guidance for cryptocurrencies have also been targeted by the new rule. Popular Chinese App to Impose Restrictions on NFT Trading Wechat, the instant messaging, social media, and mobile payment app developed […]

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NFT platforms in China grow 5X in four months despite government warnings

NFTs are still a gray area in China where unlike cryptocurrencies, there’s no official ban on its use, but the authorities have warned investors against the risks from time to time.

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Chinese Indexes Company Launches Hang Seng Metaverse Index

A Chinese indexes company, Hang Seng Indexes, has launched a new index which tracks the performance of metaverse-related companies in mainland China. The index is calculated and disseminated in real-time at two-second intervals, the company said. Rising Popularity of the Metaverse Hang Seng Indexes Company Limited, an entity that manages and compiles the Hang Seng […]

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