Following the release of a digital mini-game called "Sheep a Sheep," which has recently gone viral in China, a new GameFi version has quietly been launched. Its token price has experienced roller coaster-like fluctuations within a short period of time.
Authorities in China's Hunan province have recently busted a criminal group that used cryptocurrency to launder 40 billion yuan ($5.6 billion). The trade of digital currencies was banned in the country last September.
Chinese recruitment platform Zhaopin released its 2022 Talent Development Report on the Metaverse Industry on September 26. The document points out that from January to July, the number of jobs related to the metaverse on the platform increased by 16.6% year-on-year.
Meta-morphic, an NFT project pioneered by Chinese artist Huang Yuxing alongside LiveArt, opened for sale at 8:00 p.m. on September 23, Beijing time. A total of 800 units were sold in the pre-sale phase, while 670 units sold by the official platform sold out within one minute of the launch.
Metaverse-based social products are rapidly emerging as the new trendy focus for the Chinese tech world. According to Qimai Data, about 228 apps in China have added "metaverse" to their descriptions so far.
Meta-morphic, an art NFT project pioneered by Chinese artist Huang Yuxing alongside LiveArt, represents a marriage of Web3 and art.
On September 22, a document from the Hong Kong Stock Exchange (HKEx) showed that Flowing Cloud, a Chinese tech firm, passed the listing hearing and it will start trading on the main board of the exchange.
Chinese social networking firm Inkeverse is continuing its push into the metaverse with the launch of a new social product for overseas markets called "The Place."
Chinese artist Huang Yuxing’s Meta-morphic genesis NFT collection serves to share more closely his thought process and the power of his art. The collection is fully supported by LiveArt.
On September 21, the Shanghai Tree-Graph Blockchain Research Institute released Conflux OS, a new self-developed operating system that provides underlying code support for the cultivation of a Web3 application ecology in China.
On September 7, 2022, LiveArt announced its launch of "Meta-morphic," a genesis Generative Art, multi-chapter NFT collection from Huang Yuxing, a world-renowned contemporary artist.
The digital collection platform owned by Tencent Music Entertainment Group is currently in a state of near shutdown. The company said that the digital collection plate is still in the evaluation and planning stage, and subsequent moves will be unveiled in the future.
Huang Yuxing is one of the most sought-after contemporary artists. The "Meta-morphic" NFT collection, launched by Huang Yuxing and LiveArt, was born from the influence of natural philosophy on his art.
Tencent Cloud announced on September 13 its signing of a memorandum of understanding with Strange Universe Technology, a Singapore-based Web3 company, involving the creation of an immersive and integrated platform.
So far, a recorded 26 A-share listed companies in China have become involved in digital collections, the country's version of NFTs. Among these firms, only three have announced the revenue related to this innovative business.
Project Galaxy announced on September 6 that it will be changing its name and logo to Galxe. Right before the announcement, Pandaily interviewed its co-founder, Harry Zhang. Zhang went through his own Web3 journey and introduced his ambitious vision for the future.
Huobi, one of the world's leading crypto exchanges, on September 6 terminated trading services for seven privacy tokens, which will begin to be delisted on September 19 in order to achieve compliance with tightening financial regulation around the world.
Animoca Brands, a leader in digital entertainment, blockchain, and gamification, announced on September 8 that it has closed a strategic investment round totaling $110 million.
Mysten Labs, a Web3 infrastructure company and developer of the Sui Layer 1 blockchain, announced its completion of a $300 million Series B funding round on September 8. This fresh capital values the company at more than $2 billion.
On September 8, fintech giant Ant Group's digital collection platform Jingtan officially launched an "entity customization" function, allowing users to customize some digital collections into derivative objects.