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CEO of Dunxin Financial gave a speech at the Company's management innovation conference /PRNewswire/ -- On 15th Nov 2021, Ricky Wei, CEO of Dunxin Financial (NYSE MKT: DXF, the Company), gave a speech at the Company's management innovation...

Metaverse blockchain news this week 2021.11.16-2021.11.22

Industry News

[99.9% of "Yuan Universe" trademark applications occurred in 2021]
According to the company's data, as of November 17, China had 4368 applications for the "Yuan Universe" trademark, involving 689 companies. Among them, 4366 applications were filed in 2021, involving 688 companies, and 99.9% of the "Yuan Universe" trademarks were registered and applied in 2021.
Judging from the distribution of the registration places of "Meta Universe" related trademarks, Guangdong ranked first with 1295, followed by Beijing and Zhejiang with 810 and 545 respectively.

[Ant Chain will gradually open the digital collection transfer function on November 20]
On November 18th, AntChain announced that the digital collection transfer function will be gradually opened on November 20th. Users need to hold for 180 days before they can transfer, and the recipient needs to receive it for 2 years before they can transfer.

[NetEase's annual salary of one million is recruiting Yuan Universe related positions]
According to the news from the "Science Innovation Board Daily" on November 17, in response to the landing of Metaverse, NetEase has recruited positions such as builders for virtual scene construction and face-squeezing for virtual characters. It is reported that the recruitment position belongs to the field of artificial intelligence, starting with a million annual salary. Netease founder and CEO Ding Lei said: "I can tell you with great certainty that NetEase has made preparations for Metaverse, at all levels of technology and planning, how to design specifications and how to make technical reserves. As soon as the gunfire sounds, we may run faster than anyone else." In addition, NetEase has applied for the registration of trademarks such as "NetEase Yuan Universe", "Leihuo Yuan Universe" and "Fuxi Metaverse".

[Beijing International Big Data Exchange's first blockchain-based "digital trading contract"]
According to the Securities Daily on November 15, Beijing International Big Data Exchange held an online promotion conference in the form of online video, landing a series of digital economic innovation and development results such as the first digital transaction contract based on blockchain in the country. "Digital transaction contract" is a digital transaction agreement reached by data providers, application providers, and service providers. It covers transaction subjects, service quotations, delivery methods, deposit codes and other information. It is a highly credible transaction that is continuous, true, and traceable. "Dynamic Transaction Ledger".

[Chen Rui: Station B is one of the more suitable companies to be a meta universe]
The Beijing News reported on November 17 that Chen Rui, chairman and CEO of Bilibili, stated that Metaverse is a concept, not a product. The world of the Metaverse requires a lot of content and a self-circulating content ecology. At present, Station B already has such an ecology, and a community of 270 million people has been formed. Station B is one of the companies that are more suitable for doing Metaverse in China.

[NFT Google search volume soars to a record high]
Google’s keyword search data shows that people’s interest in non-fungible tokens (NFTs) has soared to a record level, with traffic surpassing many of the top ten crypto-related search terms by search volume.

[MasterCard cooperates with a number of financial companies to establish prepaid encryption cards]
Credit card giant MasterCard has partnered with three different companies in Asia and Australia to provide its customers with digital currency payment cards. The companies assisting MasterCard's newly discovered crypto agenda are Thailand's crypto exchange Bitkub; crypto finance company Amber Group and Australian trading platform Coinjar. Although the issued payment card does not allow people to directly use cryptocurrency for payment, they can load digital currency from their online wallet onto the card. After using these products, the digital currency unit will eventually be converted into legal tender to complete the transaction. The company provides its customers with credit and debit prepaid cards, allowing individuals and businesses to convert digital currency into legal tender for transactions.

[AMC Cinemas: Will accept Shiba Coins (SHIB online payment)]
On November 16th, AMC Cinemas stated that it will accept online payments in Shiba coin SHIB through the payment service provider Bit Pay.

[Bitmain donated 11 million yuan to the National Information Research Center]
Recently, the donation ceremony of Bitmain to Beijing National Research Center for Information Science and Technology (hereinafter referred to as "National Research Center for Information") and a new generation of artificial intelligence optoelectronic chip seminar were held in the Information Science and Technology Building of Tsinghua University. Bitmain donated 11 million yuan to the National Information Research Center, which will be used to support the two-year "Open Fund" and "Nursing Fund" projects, support the innovative development strategy of the National Information Research Center, and form the center in the mainstream direction of information science. Global leading and influential innovations provide resources for running schools.

[Bank's letter certification blockchain service platform trademark officially launched]
Recently, approved by the State Intellectual Property Office, the bank's letter certification blockchain service platform trademark was officially launched. The use of trademarks will help strengthen the protection of platform intellectual property rights, and will further enhance the platform’s recognition, popularity and competitiveness. The trademark is designed around the English abbreviation of the platform (BPBC), and is concise and elegant; it is connected by a link to reflect the characteristics of the platform for providing correspondence services for the two major industries of banks and accounting firms; the "dragon" logo implies a bright future and strives to be the industry leader; The "Shield" logo embodies the characteristics of the platform's security protection and stable functions; "blue" represents digitalization and electronicization, "green" represents low-carbon and environmental protection, and "golden" represents confidence and financial services.

[The promotion of digital renminbi is accelerated, and the number of personal wallets reaches 140 million]
According to news on November 17, the promotion of digital renminbi has been accelerated this year, covering cities, application scenarios, and the number of wallet openings. The digital renminbi is one step closer to full promotion. The opening speed of digital renminbi personal wallets has been significantly accelerated. According to the data published in the "White Paper on China's Digital Renminbi Research and Development Progress", as of June 30 this year, more than 20.87 million personal wallets have been opened. The latest data shows that as of October 22, 140 million digital renminbi personal wallets have been opened.

[AntChain will gradually open the digital collection transfer function on November 20]
On November 18th, AntChain officially announced that the digital collection transfer function will be opened on November 20th. Users need to hold for 180 days before they can transfer, and the recipient needs to receive it for 2 years before they can transfer. Last month, AntChain officially released the first self-developed trusted chain chip T1. The chip is equipped with the high-performance processor core of Xuantie 803, and will be used in the AntChain self-developed software and hardware devices such as the blockchain all-in-one machine in the future.

[Baixin Bank released its first NFT digital collection on its 4th anniversary]
On November 18th, Baixin Bank issued a digital collection to commemorate the fourth anniversary of "4 in love", and simultaneously launched the two-dimensional image of "AI virtual brand official", creating a virtual IP with a sense of technology and fashion. The collection is issued based on blockchain technology and is unique and immutable. The owner is Baixin Bank, which is the first NFT digital collection in the banking industry.

[Bit Digital announces that all Bitcoin mining machines have moved out of China]
On November 18th, Bitcoin Digital (BTBT.US) announced its unaudited Bitcoin production and mining business update for the third quarter ending September 30, 2021, and pointed out that the company has no Bitcoin mining in China. Of which 79.1% of the mining machines have been deployed or waiting to be installed in North America, and 20.9% of the mining machines are in transit. The financial report shows that Bit Digital acquired 248.36 Bitcoins in the third quarter. Compared with the second quarter, this decrease was due to the fact that a higher proportion of Bitcoin mining machine production capacity was offline during the migration plan, as well as the sale and disposal of mining machines.

[PayPal is studying Ethereum, Polkadot, Solana and Algorand to expand its payment technology]
On November 19, the payment giant PayPal is actively monitoring the first and second tier networks that handle extended payments, including Ethereum, Polkadot, Solana, and Algorand. The platform is studying how these networks and their currencies can adapt to their scalability. Plans to pay for infrastructure. As previously reported, PayPal announced in September of this year that it officially supports British users to trade Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Soon after, PayPal's Venmo Wallet expanded its encryption service and launched a new cashback tool.

[Forbes predicts 5 major blockchain trends in 2022]
On November 19th, Forbes published an article speculating on the five major blockchain trends in 2022, including: 1. Green blockchain initiatives, such as carbon offset and the shift to POS proof models. 2. NFT extends beyond online art. 3. More countries will adopt Bitcoin or National Cryptocurrency (CBDC). 4. Blockchain and IoT integration. 5. Blockchain is used for vaccine manufacturing and tracking.

[The Lu Yu cross-chain agreement initiated by 6 banks has been officially released]
On November 29, the open source cross-chain protocol Lu Yu cross-chain protocol was released on November 18. Industry insiders said that the agreement will change the previous domestic blockchain data "island" phenomenon, allowing the exchange of value and data between institutional alliance chains, thereby building a future distributed business model. It is reported that commercial banks are the main force in launching the Lu Yu cross-chain agreement, and six banks are involved. At the same time, it also includes China Banknote Blockchain Technology Research Institute and China UnionPay Innovation Center. Li Lihui, former president of the Bank of China and head of the blockchain research group of the China Internet Finance Association, said that the Lu Yu cross-chain protocol has three technical advantages. One is based on the unity of standardization, the second is based on the tolerance of interoperability, and the third is based on the security of the verification mechanism.

[The retail giant Newegg will support SHIB payment]
On November 20th, online software retail giant Newegg tagged the chief developer Shytoshi Kusama and the official account of SHIB in a tweet to get in touch with them. The Shiba Inu community immediately began to speculate that Newegg might add SHIB as a new payment method. Newegg started accepting Bitcoin as early as 2014 and accepted DOGE in April this year.

[The first batch of domestic blockchain order financing successfully landed in Xiongan New District]
On November 20th, the Hebei Xiong’an Branch of Shanghai Pudong Development Bank issued the first batch of blockchain order financing of 6.4 million yuan. The enterprises that obtained loans include Hebei Changyuan Commercial Concrete Manufacturing Co., Ltd. and other three participating materials for the Xiong’an project. Suppliers are all small and medium-sized enterprises. The successful implementation of this business has made active explorations for deepening the reform of supply chain financing, innovating financial service models, and solving the financing difficulties of small and medium-sized enterprises.

[Tether’s new project, Synonym, is officially open and will build an economic system based on Bitcoin and Lightning Network]
On November 17th, the Synonym project incubated by Tether was officially made public. The project will build a new financial ecosystem based solely on the Bitcoin network (and its second-layer Lightning Network) as the underlying blockchain. Synonym will launch non-custodial Bitcoin and Lightning Network wallets, and plans to build many related services, including Blocktank that can use the Lightning Network, issuing tokens on the Lightning Network, account systems, decentralized social media, etc.

[Meta universe game The Sandbox has a total transaction volume of over 100 million U.S. dollars, a record high]
Data on November 18th showed that the total transaction volume of the Metaverse game The Sandbox has exceeded 100 million U.S. dollars, setting a record high. At the time of writing this article was 10215 million U.S. dollars, the number of traders was 20,068, and the total number of transactions was 67,090. The core mechanism of the Sandbox is the Play-to-Earn sandbox game. Players create gameplay or create models in the game by playing the game. The game provides players with a "physical sandbox", imagine creating their own universe, or through Create pixel art, music and other digital works with your own inspiration.

[After 4 years of layout, Sandbox Metaverse Alpha plan and launch on November 29]
Animoca Brands' virtual real estate and gaming company The Sandbox will open part of its Metaverse to players for the first time through a P2E (play while earning) Alpha event over a period of several weeks.
Earlier this month, The Sandbox completed a US$93 million Series B financing led by SoftBank Vision Fund 2. The company said that the project has been in development for four years and will launch its meta universe in "phases." According to reports, the funds will be used to expand the scale of The Sandbox through the development of new games and live experiences, and to seek additional cooperation with popular brands and intellectual property rights.

[Gemini will invest US$400 million in financing to build a decentralized Metaverse]
Gemini, the cryptocurrency exchange of the Winklevoss brothers, will allocate funds from its $400 million financing amount for "implanting Gemini experiences in different Metaverses." On November 18, Gemini announced that it had completed a round of equity growth financing of US$400 million, valued at US$7.1 billion. This was the first time the company sought external financing. Morgan Creek Digital led this round of financing, with 10T, ParaFi, Newflow Partners and Marcy Venture Partners also participating. It is worth noting that the Commonwealth Bank of Australia-which has also partnered with Gemini to launch the first cryptocurrency transaction service provided by Australia's four major banks-also supported this round of financing. The announcement said: "Through this round of financing, Gemini will continue to provide simple, innovative and safe products to the market and promote its geographic expansion."

Primary market

[Allows Pawnfi, an alternative asset lender to use NFT as collateral, to raise US$3 million]
On November 15th, alternative asset lender Pawnfi raised $3 million in a round of financing led by Digital Currency Group. Animoca Brands and Dapper Labs participated in the investment. It is reported that Pawnfi uses a smart contract custody system that allows its customers to use NFT as collateral to obtain loans, while also providing evaluation and clearing services. The company stated that in addition to NFT, its system is compatible with "liquidity provider tokens, tokenized rights and secondary cryptocurrencies."

[Credit loan agreement Spectural Finance completes US$6.75 million financing]
On November 15th, the credit loan agreement Spectural Finance announced the completion of US$6.75 million in financing. Polychain Capital led the investment, and Galaxy Digital, Social Capital, ParaFi Capital, Edge & Node Ventures, and MetaPurse Ventures participated in the investment. It is reported that Spectral Finance intends to create a programmable credit ecosystem on Ethereum, and promote the efficiency of capital on the chain through credit risk analysis.

[Vietnamese venture capital company NextTech launches $50 million blockchain fund]
On November 16th, the Vietnamese venture capital company NextTech announced the launch of the Next100 blockchain fund with a scale of US$50 million to invest in early-stage blockchain technology startups in Vietnam and Southeast Asia, as well as direct investment in digital assets. In addition to investing in the purchase of equity and first-round tokens in start-ups, Next100 is also committed to supporting the community of individuals and blockchain experts in the NextTech ecosystem.

[NFT startup Guardian Link completes US$12 million in Series A financing, led by Kalaari Capital]
On November 16, the NFT ecosystem technology framework startup Guardian Link completed a US$12 million Series A financing, led by Kalaari Capital and other private investor groups. The new funds will be used to expand Guardian's design laboratories in Singapore and Japan, strengthen the creative development capabilities of the technology brand, and deepen its curatorial NFT foundation strength. After Guardian Link launched the NFT market framework in 2020, it has provided support for more than 40 NFT markets around the world. Guardian's Marketplace Cloud with built-in Anti.Rip technology prevents NFTs from being copied.

[Copyright NFT platform Euterpe completes $3.6 million in financing, and distributed lead investment]
On November 16th, Euterpe, a copyright NFT platform created by the Stanford team, announced the completion of a seed round of $3.6 million. This round was led by Fenbushi Capital, with participation from LD Capital, Brightway Future Capital, UpHonest Capital and other institutions. Euterpe said the funds will be used for product development and marketing. It is reported that Euterpe's white paper has won the highest award of this year's International Law Technology Conference Machine Lawyering Conference, and is the first blockchain project white paper published on the SSCI (Social Science Citation Index) core American Law Review. It is working with the industry's top musicians and record companies to promote cooperation plans, and the App beta will be launched in the near future.

[Blockchain company ConsenSys raises US$200 million at a valuation of US$3.2 billion]
On November 17, the blockchain technology company ConsenSys stated that it had raised US$200 million from investors such as HSBC and US hedge fund Third Point at a valuation of US$3.2 billion. Other investors include Marshall Wace, Think Investments, Dragonfly Capital, Electric Capital, Spartan Group, Coinbase Ventures, DeFiance Capital and Animoca Brands. ConsenSys plans to recruit up to 400 new employees. Simon Morris, Chief Strategy Officer of ConsenSys, said: "The battle for talent is ongoing and will ensure that we can grow our team, acquire and hire some teams."

[Starkware Receives $6 Million Seed Round Financing]
On November 17th, Starkware received a $6 million seed round of financing. Investors include Pantera, Floodgate, Polychain Capital, Metastable, Naval Ravikant, ZCash, Ethereum co-founder "V God" Vitalik Buteri, and cryptocurrency Bitmain, a manufacturer of mining equipment. StarkWare will vigorously promote the "zk-starks" blockchain privacy solution developed by the Technion-Israel Institute of Technology. The solution protects blockchain privacy data through a zero-knowledge proof protocol, verifies private information without consuming a lot of computing power and special deployment and installation of software, and can also compress data to a smaller size, improving efficiency, transparency and safety.

[Privacy infrastructure Nym completed a $13 million financing at a valuation of $270 million, led by a16z]
On November 17 news, privacy infrastructure Nym completed a US$13 million Series A financing with a valuation of US$270 million, led by a16z, with participation from DCG, Tayssir Capital, Huobi Ventures, HashKey, and Fenbushi Capital. Nym uses blockchain to decentralize its mixnet. Nodes in the network can obtain token rewards by providing traffic. Nodes may also inject obfuscated traffic packets when needed, making it difficult for others to parse the information. . Nym CEO Harry Halpin worked with Tim Berners-Lee, the inventor of the World Wide Web, before founding the company in 2018. Halpin believes that Nym's solution can counter large-scale surveillance at the national level, unlike VPN or Tor.

[Web3 startup CyberConnect completes $10 million seed round financing]
News on November 17th, CyberConnect, a crypto startup company that develops tools for Web3 social media, games and Metaverse applications, has completed a $10 million seed round of funding. Multicoin Capital and Sky9 Capital co-led the investment, Animoca Brands, DraperDragon, Hashed, Zoo Capital , Smrti Lab and MaskNetwork participated in the investment.

[BetDex completes $21 million seed round financing, led by FTX]
On November 17th, BetDex, a British decentralized gaming startup, completed a seed round of $21 million, led by Paradigm and FTX. BetDEX was founded by three former FanDuel executives Nigel Eccles, Varun Sudhakar, and Stuart Tonner. It combines blockchain technology with sports betting to create a global decentralized betting platform. This round of financing is the largest seed round of investment ever received by a British start-up company. The funds are scheduled to be launched in early 2022 and will first be used to expand operations and recruit staff at a base of BetDEX Scotland.

[DeFi insurance agreement FairSide completed $4.2 million in financing, Alameda Research and others participated in the investment]
On November 18th, FairSide, a diversified-risk DeFi insurance agreement, completed a $4.2 million financing. Alameda Research, Dominance Ventures, Jump Capital, Figment Capital, and Daedalus participated in the investment. The funds raised will be used to further develop its DeFi insurance agreement. Note: FairSide aims to provide members with comprehensive insurance covering multiple blockchains, projects, and loss types. Cryptocurrency holders will no longer need to manage multiple insurance policies, pay a large amount of premiums, or wait to create a pool to obtain insurance. Through FairSide Unique product, members can get insurance automatically without having to purchase a specific project insurance policy.

[NFT trading platform OpenSea valuation reaches 10 billion U.S. dollars]
According to two people familiar with the matter, the NFT trading platform OpenSea is accepting new investment proposals, which may increase its valuation by approximately 6 times to US$10 billion or more. The New York-based company did not initiate a new financing process. Only four months later, it raised a $1.5 billion valuation in a Series B financing led by Andreessen Horowitz. One hundred million U.S. dollars. According to data from the blockchain data tracker DappRadar, the four-year-old startup has so far processed more than $11 billion in sales, including the $3 million Bored Ape Yacht Club NFT.

Secondary market

[China Taiwan lists cryptocurrency business as "virtual currency platform and transaction business"]
On November 15th, China’s Ministry of Economic Affairs (MOEA) has officially designated commercial activities around cryptocurrencies and designated a regulatory agency. It is said that MOEA has concluded that the cryptocurrency business will be under the category of "finance, insurance and real estate" as a "virtual currency platform and transaction business" instead of the category of "software design services". Therefore, the Financial Regulatory Commission (FSC) of Taiwan, China will be the main responsible agency and will work with the tax and legal authorities to formulate rules to regulate the cryptocurrency market. The Taiwanese legislature requires active measures to close encryption loopholes and protect local investors and consumers. At the same time, Securities Token Offering (STO) is a public offering of digital tokens using blockchain or distributed ledger technology. It will be classified as a sub-category of securities companies and will be subject to the same supervision as existing businesses in the securities industry.

[Data: NFT and Google search volume for NFT purchases hit a record high]
On November 15th, Google search volume for NFTs and purchases of NFTs reached their previous peak in March, then declined at the end of August and early September, then increased again in October, and has now reached a record high. Google Trends is usually measured A good indicator of retail investor behavior, which shows that retail investors are running into the market.

[Valkyrie launches a $100 million "chain DeFi fund"]
Valkyrie Investments, a crypto asset management company, has launched a $100 million "chain DeFi fund" designed to allow investors to safely and easily access this fast-growing industry. According to Wes Cowan, Valkyrie's DeFi managing director, Valkyrie's "on-chain DeFi fund" keeps its assets on the chain, and thus surpasses Galaxy's passively managed DeFi fund to some extent.

[Global X ETFs launches blockchain and Bitcoin strategy ETF "BITS"]
On November 16, New York-based exchange-traded fund (ETF) provider Global X ETFs announced the launch of Global X Blockchain Bitcoin Strategy ETF (BITS). The fund is an actively managed fund designed to provide long-term investors with exposure to bitcoin futures and blockchain technology companies. Blockchain stocks invested by BITS involve: 1. Digital asset mining; 2. Blockchain and digital asset trading, hardware and integration; 3. Blockchain applications and software services. The fee for BITS is 65 basis points, while the fee for ProShares and Valkyrie Bitcoin futures products is 95 basis points. The company also launched an index-based blockchain ETF (BKCH) in July. According to FactSet’s data, as of November 11, the fund’s expense ratio was 50 basis points, and the rate of return in the past three months was 25.6%. According to data from ETF.com, Global X was established in 2008, and its product lineup includes more than 90 ETF strategic funds and more than US$40 billion in assets under management.

[The total issuance of stablecoins on the Ethereum blockchain exceeds US$90 billion, a record high]
According to the latest data, the total issuance of stablecoins on the Ethereum blockchain has exceeded US$90 billion, setting a record high, which was US$91.55 billion at the time of writing. According to the calculation of circulation, the current top three Ethereum stablecoins are: 1. USDT: 34,860,411,035 U.S. dollars, accounting for 38.08% of circulation; 2. USDC: 31,255,595,014 U.S. dollars, accounting for 34.14% of circulation; 3. BUSD: 12,804,795,522 USD, the issuance accounted for 13.99%.

[The total amount of OpenSea transactions in the NFT market exceeded US$11 billion, a record high]
According to data on November 18, the total amount of OpenSea transactions in the NFT market has exceeded 11 billion U.S. dollars, setting a record high, ranking first in the NFT market in terms of transaction volume, and the number of OpenSea traders has exceeded 1 million; the second is Axie Infinity , With a total transaction volume of US$3.33 billion, and CryptoPunks in third place, with a total transaction volume of US$2.19 billion. As the first NFT market to be established on the Ethereum blockchain, OpenSea's transaction volume has surged in the past year with the prosperity of NFTs.

[Time magazine will hold ETH on its balance sheet for the first time]
Time magazine will hold Ether (ETH) on its balance sheet for the first time as part of a deal with the cryptocurrency investment company GalaxyDigital to educate readers about the meta universe. According to its partnership, the magazine will launch a list of TIME100 companies for Metaverse and publish a weekly newsletter called IntotheMetaverse. This transaction is fully financed by Ethereum, and TIME will remain on its balance sheet. The magazine will also host the educational resources on Meta Universe on a new web page called TIMEforLearning, which will be launched in December under the agreement. Applications for this list are open from November 18 to December 31.

[OpenSea releases an update, announcing integration with Adobe]
On November 20th, the NFT platform OpenSea released new features and updates, including: integration with Adobe, allowing Adobe users to connect to encrypted wallets and verify creation at the source, and display their identity information to OpenSea buyers; user security improvements; nighttime Mode accessibility, etc.

【Cryptocurrency Quotes】
As of press date, the price of Bitcoin BTC is US$58,758, the price of Ethereum ETH: US$4310, and the price of NFT: US$0.00000506730.

Trending News for Metaverse this week: Nov.08 – Nov.15

Overview

Recently, Facebook changed its name to META and started a metaverse craze. On the afternoon of November 10 , Shanghai Fengyuzhu Building held the " Transboundary Integration in the Meta-Universe Era " summit forum. All walks of life are no longer satisfied with the conceptual interpretation of metaverse, they are striving for a more practicable level of the business.

Although the definition of metaverse varies from a large scale, it does not prevent the economists from combing through the core concepts and research framework of those different ‘types’ of metaverse. In the recently released "Meta Universe Big Investment", Jiao Juan, the chief analyst of AN XIN Securities’ media industry, who serves as the leading author mentioned that metaverse is a virtual collection that combines the real physical world and digital and everything . Jiao Juan believes that Metaverse needs to have three advantages in order to achieve localized development. One of them is the depression of the digital infrastructure.

Qiao Haixin, the strategic leader of Yahaha, an interactive experience creation platform , said at the meeting: What Yahaha has to do is to enrich the supply side, not to reform the supply side. The speech was named "Game Productivity Innovation under the Wave of Metaverse". A few days ago, scenes in this game are considered to be the closest to ones in the current metaverse.

Zeng Ziguang, the technical leader of Fengyuzhu's metaverse department spoke about Fengyuzhu's new exploration in the field of metaverse. As the only A- share main board listed company in the domestic digital display industry , Fengyuzhu has previously deployed VR and 5G immersive tech as its future business strategy. It has also taken the lead in realizing large-scale commercial applications of VR , AR , XR and other technologies in the industry . At the forum, Fengyuzhu announced Zhejiang Fengyuzhou Digital Technology Co., Ltd. to focus on the R&D and application of technologies such as VR , AR , digital virtual humans, 3D rendering, and other immersive interaction apps.



[Metaverse learning fever: Luo Zhenyu's online Training Program breaks one million]

Metaverse prevails a lot these days. It has set off a trend of learning about Metaverse. On Nov.11, Luo Zhenyu released ‘The 6 Lectures about Metaverse’on the application he founded. As of the night of Nov.11, number of people who were watching his lectures reached 39,576. Regardless of discounts, the total revenue of the online course exceeded 1 million yuan. In addition, the online course named ‘First Lesson on Metaverse’has 370 new users every day besides its thousands of daily active users. It has accumulated 7292 users and 2673 paying users. Its daily revenue is over 90,000 yuan, and the accumulative income is as high as 1.5 million yuan. The metaverse learning craze remains high, and relative books are also best-sellers on e-commerce platforms and ‘Pay for Knowledge’ platforms.



【Opening of Nvidia GTC 2021 : new products for Metaverse 】

NVIDIA GTC 2021，the General Assembly of Nvidia opens on Nov.9. CEO Jensen Huang employed Metaverse as the main idea in the assembly and shared the company’s innovation in the software and hardware fields: The company has carried out a large number of new software technology for Metaverse which covers natural language processing and other technologies, forming a virtual image related products like Omniverse Avatar . ReOpt , cuQuantum , cuNumeric have been updated at the same time . In the metaverse era, the proportion of virtual elements continues to increase, and the demand for GPU products will increase. The formular - hardware + software tools + ecological partners will become the key competence in the GPU competition. First of all, the release of the Metaverse serial products will usher in a new era of Metaverse Avatar , which is an interactive AI product based on technologies such as voice, machine vision, and natural language processing . It integrates video rendering capabilities ( OmniVerse ), voice recognition ( Riva , Maxine ) and natural language processing ( NeMo Megatron ). AI recommendation ( Merlin ), are expected to be widely applicated in robotics, autonomous driving, warehouses, factories and other fields in the future. Further, NVIDIA plans to deploy new applications to promote a wider deployment of AI in the industry favor. The company has already launched three robotic platforms for medical care ( Clara Holoscan ), robots ( Issac ) and automobiles ( Drive Hyperion 8 ).



[China's communications industry and the Metaverse Industry Committee held an unveiling ceremony, and listed companies offered high salaries to hire metaverse-related talents]

On Nov.11, China Mobile Communications Association associated with Metaverse Industry Committee held the opening ceremony. China Mobile Communications Federation, including China Mobile, China Unicom, China Telecom, announced its commitment to a long-term and sustainable development of the metaverse industry. Numerous listed companies have begun to set up related project teams aimming at Metaverse, and have offered a monthly salary of up to 70,000 yuan in order to attract workforce. Perfect World released a lot metaverse- related jobs in a job search platform at the beginning of Septermber. On Nov 9, this platform responded that the group's listed companies and non-listed business department will release the corresponding job requirements, involving Metaverse system planners who are responsible for system planning, and their salary will up to 70000 yuan a month! While listed companies will base on their major business and on top of that, to promote the implementation of any other Metaverse-related businesses.


[Chinese Online benefited from the rocketing share price of NFT]

Up until Nov 12, Chinese online made a shark gain in the stock market for nearly 74% , made the highest record in a year. Chinese Online has benefited from NFT technology and it is known as the owner and operator of massive digital content. Its essence is to produce content, create IP , connect people, enrich entertainment, learning, and socializing. While we are amazed by the arrival of metaverse, the company is going to strongly support the construction of a interactive reading world and create a new immersive reading experience through AR/VR and other technologies, combined with the company's own profound resources.


[The country’s first Science Fiction Week featuring Metaverse is officially launched]

From Nov 20 to Nov 23 this year, the Shenzhen Association for Science and Growth Fund launched the first Science Fiction week in Shenzhen, China. The Metaverse Innovation Lab is about to be inaugurated. The Metaverse Science Fiction Center is located in Shekou, Shenzhen. It includes five major sections: Digital Art Gallery, Metaverse Platform, Science Fiction Creation College, the introduction of a new media experiment center, and aggregation of professional field activities.


[China Telecom plans to make a comprehensive arrangement of Metaverse]

On Nov.12, China Telecom 5G innovative applications Cooperation Forum held in Guangzhou, planning to make " Innovation is the key to the future " as its theme. It focuses on the future development of Metaverse. Tang Ke, deputy general manager of China Telecom, said at the meeting that the future development of Metaverse will rely on China Telecom's cloud transformation strategy, focusing on product development, content aggregation, application innovation and other aspects to promote Tianyi Ultra HD, cloud VR , and cloud AR which all help Metaverse to be realized faster.



[Seoul, South Korea said it will become the first metropolitan government to enter the metaverse]

As early as Nov 3 , South Korea announced it would enter metaverse and provide a variety of public services and cultural events in there. It is a immersive virtual reality rely on the Internet. Mayor of Seoul Oh Se-hoon invested 39 billion won and claimed that he will develop his own Metaverse platform before the end of 2022 and make it in full operation in 2026. By the end of 2023 , the city plans to open " Element cosmic 120 Center ( Metaverse 120 Center ) ." .




[Roblox’s price soars up to 40% ]
Until Nov 11, the first share of Metaverse – Roblox, its share price went up to 40%,and gained a closing price of 98.12 dollars by the end of this Friday. Its third quarterly financial report showed that the revenue has doubled compared to last year. Although it is still losing money, the market value of Roblox has reached a new attitude.
[CITIC Securities is optimistic about Metaverse as an long-term investment]
CITIC Securities stated in the investment proposal for the development of the metaverse industry that there is still a long way to go for Metaverse to mature. Despite a few uncertainties, it is undenieble that the metaverse is the future and it will have a profound impact on society which is able to bring great industrial opportunities. Given some time, Metaverse will continue to see the emergence and integration of innovations in all aspects, and will continue to mature and continue to bring ceaseless investment opportunities.
[China Social Security Fund enlarges stake of leading domestic vr/ar stocks]
Recently, China’s domestic social security funds and the Norwegian Central Bank abroad have increased their holdings of Goertek’s shares, and now they have become the top ten floating shareholders of the stock. According to statistics, Goertek is China’s largest manufacturer of VR/AR equipment.
[Huawei will release new vr glasses]

Huawei will have their launching event in a few days. The event will cover the newest headset, PC , VR , watches and other new products. Among them, Huawei’s new VR glasses have added a game set aiming to provide players with a more realistic and immersive gaming experience.



[ NBA players Kyle · Kuzma will release NFT sports shoes, which will be stored in Solana block chain]


NBA players Kyle · Kuzma recently announced his partnership with Space Runners , which designs wearable VR & NFT athletic footwear. According to cointelegraph news, Space Runners will continue to cooperate with basketball superstars to release their NBA series products called "BrokenShoe" , aiming to bring some iconic sneakers from real life to digital. The NFTs in this series are stored on the Solana blockchain and can be worn through a browser with virtual reality ( AR ) equipments. The company will also provide social media algorithms for platforms such as Instagram and Snapchat to make NFT more accessible.



[Hot Data! About half of game developers began to explore blockchain and NFT 】

A new study from the UK shows that most game studios have begun to explore blockchain for their upcoming games. Commissioned by the blockchain platform Stratis , this new study conducted by Opinion surveyed 197 video game developers in the United States and the United Kingdom. The results showed that 58% of developers began to use blockchain technology, and almost half of the respondents ( 47% ) began to explore NFT . The study shows that developers are confident in blockchain and NFT , because two-thirds of studios expect blockchain to prevail in the gaming industry in the next two years.
[ Meta tech liberates up to 70 % performance of OculusQuest2 ]
Meta Quest VR machine will have a new frame interpolation technology named " application space warp " ( the Application SpaceWarp ) . That is applications or games running at only half the frame rate, it fill in a synthesized frame deduced from the one before between each of the second frame. Comparing to the prior , the ASW of an integrated machine has been tested and found that it can release up to 70% of the performance of a headset. This means that if you are playing a 90hz game, it is actually rendered at 45FPS in the game engine , and the half of the time saved is given to the GPU to an achieve higher resolution to bring higher image quality.
[Samsung announced that it will return to cloud gaming to provide services for terminals with smart TVs]
Samsung announced at the recent developer conference that it will return to the cloud gaming field through its Tizen smart TV platform products. It is reported that in as early as 2010, Samsung cooperated with a game streaming company called Gaikai to introduce early versions of cloud games to its high-end TVs.
[China's leading Internet company Baidu launches VR social app Hirong]
Recently, Baidu launched a brand new social app in the Apple App Store , which focuses on virtual social networking. Players will interact with friends through the construction of virtual social identities. Baidu’s move is regarded as a bet on metaverse and prepare itself for further exploring metaverse related industries.
[Xiaopeng Motors Registered Metaverse Trademark]
According to the enterprise search app , Xiaopeng Technology Co., Ltd. submitted a trademark application for the registration of "Xiaopeng Yuan Universe" to the national trademark registration system in China, involving transportation, scientific instruments, manufacturing and other related industries. The national trademark registration system currently shows that the trademarks submitted by Xiaopeng Technology Co., Ltd. are all in pending.

[Microsoft Teams is trying AR in conference system]
Microsoft recently announced that it will employ the immersive meeting system Mesh for Microsoft Teams on its self-developed communication platform Microsoft Teams . The technologies include 3D Avatars, VR and AR . it supports cross-mobile devices, PC , MS headset and Hololens2 .

[Encrypted XCOPY artist's work sold for 1330 ETH , approximately US$ 6.032 million]
On Nov5, the famous crypto artist XCOPY’s NFT work " A Coin for at The Ferryman " is sold for 1330 ETH, approximately 6.032 million US dollars.
[Real Madrid will launch smart ticket NFT ]
According to PANnews on Nov 11, the football club Real Madrid announced that they will soon launch their smart NFT ticket on the block chain , which provides exclusive digital collections to fans. The product had been under beta in a game held in late September this year. Most fans expressed their love for the product and said it is a very good investment method. As a world-famous football club, Real Madrid has more than 600 million fans, and its huge fan economy and investment capacity cannot be underestimated.
[Korean Press: South Korea’s national financial institutions will not supervise NFTs ]
South Korea’s National Financial Services Commission (FSC) officials recently stated that the NFT is not a financial currency and confirmed that South Korea will not have NFT supervised. The Department’s Financial Action Task Force (FATF) has recently received the latest work guidance and later maintained the decision that the NFT is an encrypted collection rather than a virtual currency.