Dairy Queen collaborated with the local non-fungible token project Weirdo Ghost Gang (WGG), the famous ice cream brand, to unveil a pop-up NFT store in Chengdu, China. In recent years, NFTs have become notably popular, especially within the art realm. They provide a secure and verifiable means for artists, creators, and collectors to engage in… Continue reading Dairy Queen Dives Into NFT Market, Unleashes NFT Pop-Up Store In China
Tag: China
NFT Theft In China Now Categorized As Property Crime
In recent years, China has been extremely strict and in some cases banned all cryptocurrency, NFT, and digital asset investments within its jurisdiction. However, the latest reports indicate that the Chinese government has changed its previously rigid stance on digital asset regulation. Particularly, it officially recognized the theft of NFTs and other digital collections as… Continue reading NFT Theft In China Now Categorized As Property Crime
Saudi Arabia Invested $50M In Web3 Gaming Firm Animoca Brands
Saudi Arabia has made a solid move by investing up to $50 million in Animoca Brands, a top provider of blockchain-based digital entertainment and gaming products. The investment strives to promote the adoption of cryptocurrency technology in the area and reinforce Saudi Arabia’s futuristic city project Neom. The strategic partnership signifies the kingdom’s commitment to… Continue reading Saudi Arabia Invested $50M In Web3 Gaming Firm Animoca Brands
China’s Trademark Office Authorized NFT And Virtual Asset Marks
The Chinese Trademark Office approved multiple marks related to non-fungible tokens (NFTs) and metaverse services and goods. The move highlights their recognition of the growing importance of various virtual assets. Recent Trademark Approvals The Chinese Trademark Office’s recent approvals cover many digital assets and functionalities. Interestingly, they acknowledged digital files that are validated by NFTs.… Continue reading China’s Trademark Office Authorized NFT And Virtual Asset Marks
Tencent Cloud Introduces Blockchain RPC For Businesses And Developers
Tencent Cloud confirmed the development of its first Web3-native product, called Tencent Cloud Blockchain RPC. The product, which came from a partnership with Ankr, strives to facilitate a boosted experience for Web3 developers by providing reliable Web3 networks together with vital developer services. A Solution To Current Issues Navigating the sophisticated world of Web3 development… Continue reading Tencent Cloud Introduces Blockchain RPC For Businesses And Developers
Chinese Regulators Increase Efforts To Eliminate Web3 Fraud
Chinese regulators are reportedly increasing their measures to fight fraud and data theft within the Web3 industry. Law enforcement agencies are increasing their efforts to respond to a surge of incidents involving digital financial crimes and personal identity thefts. All these efforts come as authorities are struggling with the challenge of resolving fraudulent activities that… Continue reading Chinese Regulators Increase Efforts To Eliminate Web3 Fraud
AliExpress Introduces NFT Sales In Conjunction With Moment3
AliExpress partners with The Moment3 for NFT sales, investing in the Web3 space. Explore their partnership in the expanding NFT market. The global e-commerce platform, AliExpress, is a subsidiary of Alibaba Group. It has announced a partnership with The Moment3 for the sale of 5,555 nonfungible tokens. This Strategic partnership marks AliExpress’ growth into the… Continue reading AliExpress Introduces NFT Sales In Conjunction With Moment3
China To Increase Metaverse Use In Key Industries
In a recent official statement, Wu Zhong-ze, formerly the Deputy Minister of the Ministry of Science and Technology in China, insisted on the importance of broadening the utilization of the metaverse across different industries. Despite China’s stringent regulations on cryptos and nonfungible tokens (NFTs), the Asian nation acknowledges the possibilities and opportunities that come with… Continue reading China To Increase Metaverse Use In Key Industries
China Sets Strict Rules For The NFT Market
Nonfungible tokens have been on the recovery road since the start of 2023 after a severe bearish market. As a result, NFTs have caught the attention of Chinese authorities. China’s national agency that is responsible for legal prosecution, the Supreme People’s Procuratorate, recently published a document aimed at establishing a legal infrastructure for nonfungible tokens.… Continue reading China Sets Strict Rules For The NFT Market
Bank Of Korea (BoK) Scales CBDC Test Programs To Global Remittances And NFTs
The Bank of Korea discovered that its central bank digital currency (CBDC) could process up to 2000 transactions per second, which is considerably below what the standard centralized ledger database provides. The central bank of the Republic of Korea together with the issuer of the Korean Republic won, the Bank of Korea (BOK), is allegedly… Continue reading Bank Of Korea (BoK) Scales CBDC Test Programs To Global Remittances And NFTs