Auto Added by WPeMatico

Chinese Zhejiang Province Aims to Build a $28.7 Billion Metaverse Industry by 2025

Zhejiang, a coastal province of China, has presented a metaverse development plan that seeks to build a metaverse hub in its territory. The plan aims to entice the creation of…

Continue ReadingChinese Zhejiang Province Aims to Build a $28.7 Billion Metaverse Industry by 2025

Court in China Recognizes NFTs as Virtual Property Protected by Law

A court in the Chinese city of Hangzhou has determined that non-fungible tokens, or NFTs, represent virtual property protected by the laws in the People’s Republic. The ruling comes from…

Continue ReadingCourt in China Recognizes NFTs as Virtual Property Protected by Law

Chinese court says NFTs are virtual property protected by law

The court said NFTs are “unique digital assets” that “belong to the category of virtual property” in a case where it had to confirm the legal attributes of NFTs.

Continue ReadingChinese court says NFTs are virtual property protected by law

Nifty News: China’s lockdown protest NFTs emerge, Candy Digital cuts staff, and more

Two collections have appeared on NFT marketplace OpenSea depicting images and art related to the rare widespread protests in China over its lockdown policies.

Continue ReadingNifty News: China’s lockdown protest NFTs emerge, Candy Digital cuts staff, and more

Amid Civil Unrest in China, Gold and Silver Prices Hold Steady — Equity, Crypto Markets Flounder

Reports on Monday detail that the zero-Covid policy protests in China have lowered market sentiment as U.S. equity markets show the top four Wall Street indexes are struggling. The global…

Continue ReadingAmid Civil Unrest in China, Gold and Silver Prices Hold Steady — Equity, Crypto Markets Flounder

Chinese Platforms to Test Metaverse Tech During Qatar World Cup 2022 Broadcasts

Several Chinese platforms are introducing metaverse tech in their coverage of Qatar’s 2022 soccer World Cup. The experiences, which will use virtual reality (VR) headsets and 5G as base tech,…

Continue ReadingChinese Platforms to Test Metaverse Tech During Qatar World Cup 2022 Broadcasts