The latest initiative also aims to promote the Chinese yuan.
Chinese companies are increasingly focusing their attention on developing the metaverse space. Despite the top-down state control, companies have made big investments in both hardware and software.
Taiyi Group is one such organization that has now announced the acquisition of Huobi’s communication tool, dubbed Huoxun., the goal is to develop Huoxin into the world’s first social platform with a focus on data storage and the development of metaverse.Its responsibilities also include building digital collections and metaverse communitiesIt reportedly invests over 100 million yuan in R&D and operations every year.
The development comes a month after Huobi’s founder Li Lin was reportedly looking at exiting the company.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Swiping left: Tinder pulls back on Metaverse dating plansGhosting the Metaverse. The parent company of popular dating app Tinder says it's cutting funding for Web3-related research and development amid disappointing Q2 earnings.
Baca lebih lajut »
Cybersex Fail: Tinder Scales Back Metaverse Dating Plans Due to Poor RevenueFollowing a poor recent earnings report, Match Group has announced plans to scale back Tinder’s metaverse dating program.
Baca lebih lajut »
Huobi plans to list post-merge Ethereum forks that meet its security requirementsThe crypto exchange said it will list any hard forks of Ethereum — so long as they meet five requirements.
Baca lebih lajut »
Five Skills College Students Will Need for Their Future CareersStudents will need to learn new skills, as well as hone some older ones, to keep up in fast-developing fields. New classes in AI ethics, climate-friendly design and how to be an entrepreneur in the metaverse are coming to campus.
Baca lebih lajut »
Meta Reportedly Issuing $10 Billion in Bonds to Invest in Its Metaverse Products and Other Initiatives – Metaverse Bitcoin NewsMeta, one of the first companies that pivoted to the metaverse as part of its main business model, is set to issue debt in order to continue to fund part of its operations and investments.
Baca lebih lajut »