Tencent applies for a patent for the tech of virtual concerts in Metaverse

Tencent applies for a patent for the tech of virtual concerts in Metaverse

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Tencent, a Chinese internet company, has filed a patent application with the Chinese National Intellectual Property Administration for virtual concerts (CNIPA).

In November, the People’s Bank of China (PBoC) took a firm position against the Metaverse and non-fungible tokens (NFTs), indicating that it will use anti-money laundering (AML) measures to track them.

Tencent, a Chinese technology and video-game conglomerate has been at the forefront of China’s foray into the Metaverse. China has yet to provide any additional clarification on related regulations.

For the first time since October, the total number of NFT buyers fell below 800,000 in February.

Days after KPMG Canada paid about $70,000 for a World of Women NFT, and crypto payments provider MoonPay has hopped on the bandwagon after winning a Christie’s bid for the coveted NFT.

A unique World of Women (WoW) NFT cost the cryptocurrency startup $754,340.

As part of the meme-based token’s cooperation with Haute couture company John Richmond, Shiba Inu walked to the streets of Milan’s fashion capital.

Ukraine’s tweet advertising an impending airdrop sparked a flood of small donations on the Ethereum blockchain. The donations vary from $0.0001 ETH to $0.01 ETH and amount in the thousands.

Tencent has also bought Wave, a Los Angeles-based animated concert startup that creates realistic virtual performances using motion-capture technology.

In the past, wave concerts have been hugely popular, and their popularity expanded even more during the pandemic.

Binance will re-enter the Malaysian market with a strategic investment.

Huobi Technology Holdings, a Hong Kong-based virtual asset platform, has established a cryptocurrency over-the-counter (OTC) business.

Huobi Technology was formerly known as Pantronics Holdings and has been listed on the Hong Kong Stock Exchange (HKEX) since 2016.

Bitcoin (BTC) has had a strong double-digit climb this year, but it has recently struggled to break through the $45,000 resistance.

True Tickets, a digital ticketing platform based on blockchain, had its Broadway debut last fall in New York City, in conjunction with the Roundabout Theatre Company.

Ethereum failed to break through $3,050 and fell against the US Dollar.

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