WeChat removed several accounts for digital collectible platforms for violating the policy of illegal trade, while Ant Group and Tencent-owned NFT platforms updated their user agreements.
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Immutable raises $200M to invest in blockchain gaming, bringing valuation to $2.5B
The company’s valuation grew from just $410 million in 2021, reflecting the rapid expansion of the NFT economy.
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Immutable Raises $200 Million in Temasek-Led Series C, NFT Startup Now Valued at $2.5 Billion
Following the startup’s partnership with Gamestop, the Sydney-based blockchain firm Immutable announced it raised $200 million in a Series C financing round led by Temasek. The company is now valued at $2.5 billion and Immutable plans to use the funds to scale the startup’s gaming studio. Immutable Raises $200 Million, NFT Startup Aims to Bolster […]Powered by WPeMatico
UN approves NFT standards initiative led by Tencent
Chinese entertainment giant Tencent will be collaborating on the project with a number of others, including Alibaba subsidiary Ant Group.
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China’s Xinhua News Agency to Issue NFTs Despite Crackdown on Crypto
Xinhua, the official news agency of China, is going to issue an NFT collection with photographs depicting historic moments of the passing year. The initiative, which comes amid an ongoing crypto crackdown, is seen as a boost for blockchain, the technology that also underpins cryptocurrencies. Xinhua to Create Digital Collectibles Based on Photo Reports The […]Powered by WPeMatico
South Africa’s Digital Bank Tyme Completes Series B Round With Additional $70M Capital Raise
Tymebank, a South Africa-based digital bank, recently completed its Series B funding round with $70 million invested in the firm by Tencent and U.K. development financier, CDC Group. Funds to Support Tyme’s Expansion Into New Markets Tymebank, a digital bank from South Africa, recently raised an additional $70 million from its latest funding round, led […]Powered by WPeMatico
Chinese Communist Party warn of NFT hype bubble
The local news publication, acting as the party’s spokesperson, warned of a major decrease in the value of NFT assets once its bubble pops.
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Alibaba’s NFT Marketplace Allows Content Creators to Copyright Work via Blockchain IP Service: Report
The Chinese multinational technology giant, Alibaba Group, has launched a non-fungible token (NFT) marketplace. According to regional reports, the Alibaba NFT platform not only provides customers with the ability to purchase and sell NFTs, but the marketplace also allows people to license and sell intellectual property (IP), as it is copyrighted by blockchain technology. Alibaba’s […]Powered by WPeMatico
Hong Kong brokerage Futu halts crypto futures over regulatory issues
Non-futures crypto products like Grayscale Bitcoin Trust are reportedly still available on Futu Securities.
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Beijing to Disperse $6 Million in Digital Yuan in a Red Envelope Lottery
China’s central bank digital currency (CBDC) continues to gain further ground as the Beijing Local Financial Supervision and Administration Bureau revealed 40 million worth of the country’s digital yuan ($6.3 million) will be distributed to Chinese citizens. Beijing and China’s Central Bank Launches Digital Yuan Lottery The People’s Bank of China (PBoC) and Beijing Local […]Powered by WPeMatico