Pandaily
Everything about China's Innovation
Digestible news on the latest developments across the fields of Web3, NFTs, blockchain, and metaverse in China and beyond, compiled for you every week by Pandaily.
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, People’s Daily issues NFT research project to guide industry development, and more.
US game developer Unity is in advanced talks to spin off its China unit in a bid to expand in the world’s largest games market. Reuters first reported this story.
China-based Canaan Inc., one of the world’s largest crypto mining rig makers, is pushing ahead with a global expansion despite a crypto market cool-down. Forkast first reported the story.
READ MORE: See our previous articles on Canaan!
Tai Group, a Hong Kong-based investment holding group that invests in blockchain, metaverse, and related technologies, announced last week that it has completed the acquisition of Huobi Chat, a social media product under leading crypto exchange and financial services provider Huobi Group. Pandaily first reported the story.
RELATED: Read all of our previous articles on Huobi!
People’s Daily, a state-run newspaper and mouthpiece for the Chinese Communist Party, has launched an NFT research project to “guide the orderly development of digital art” as rules around the industry remain unclear. SCMP first reported the story.
Last week, multinational financial services company Charles Schwab launched its first crypto-themed ETF on the New York Stock Exchange (NYSE). CoinDesk and Investopedia first reported the story.
Shares in beaten-down crypto exchange Coinbase Global rose 10% Thursday after the company announced a partnership with BlackRock that will allow its institutional clients to buy bitcoin. CNBC and Barron’s 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.
After its funding round, Pandaily interviewed Howard Xu, Co-Founder of Ancient8. We discussed why he believes Ancient8 will stand out in the highly competitive game-guild field, what the next trend for Web3 games is, and more.
This week: Shanghai pledges support for NFT trading platforms, Animoca Brands raises another $75 million amid crypto market crash, Tencent shuts down NFT platform to comply with government rules, 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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