Pandaily
Everything about China's Innovation
Digestible news on the latest developments across the fields of Web3, NFTs, blockchain, and metaverse in Greater China and beyond, compiled for you every week by Pandaily.
This week: Beijing announces a two-year plan for metaverse innovation and development, Huobi-backed NFT platform iBox to halt international operations, The Sandbox launches its newest Alpha season, and more.
Last Tuesday, the Beijing municipal government announced a two-year (2022-2024) metaverse innovation and development plan, which will require all districts to adhere to its new rules around Web3 innovation. Cointelegraph first reported the story.
Chinese NFT marketplace iBox announced last week that it is planning to shut down its overseas operations. Forkast first reported the story.
READ MORE:All of our previous articles on Huobi!
Last week, the Shanghai Data Exchange announced the launch of blockchain-based digital assets, without allowing for secondary trading. Forkast first reported this story.
The Sandbox, a metaverse platform backed by Hong Kong-based venture capital firm Animoca Brands, is launching Alpha Season 3 for its would-be open metaverse which connects various Lego-like virtual worlds. Venture Beat first reported the story.
READ MORE:All of our previous articles on The Sandbox!
Singapore is stepping up its scrutiny of cryptocurrency-related firms in the city state ahead of planned regulatory changes. Bloomberg first reported the story.
Last week, Meta announced that it has officially rolled out what it is calling Meta Accounts and Meta Horizon Profiles, a new log in system for the company’s VR headsets that will be used in place of personal social media accounts such as Facebook and Instagram. TechCrunch first reported the story.
That’s it for this week’s newsletter – thanks for reading! As always, we welcome any feedback on how to make this newsletter better. Write to us at [email protected]. See you again next week!
This week: Tencent’s NFT marketplace Huanhe to close down, Zipmex becomes latest crypto exchange to halt withdrawals, Hong Kong monetary chief said crypto and DeFi won’t disappear, and more.
Chinese tech giants, startups, and regulators appear set to play a critical role in the internet’s coming Web3 metamorphosis.
This week: US game developer Unity to spin off China unit to tap the country’s metaverse market, Chinese bitcoin mining rig maker Canaan mulls US expansion despite crypto winter, and more.
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.
Pandaily is a tech media based in Beijing. Our mission is to deliver premium content and contextual insights on China’s technology scene to the worldwide tech community.
The automated manchine translation of regional languages is powered by NiuTrans.
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