Is China planning on using Hong Kong as a sandbox to dip its toes back into crypto? Tencent Cloud creates 'Metaverse-in-a-Box' and Huawei releases a 30-second video that sees a DeFi token pump 550%. Check out this week's Asia Express.
NBA China wants to mint more NFTsa partnership with Alibaba-owned Ant Financial. Among many items, the two entities will carry out comprehensive cooperation regarding NBA video content, program broadcasting, joint membership, and the creation of a mini-series.
In addition, both NBA China and Ant Financial wish to further pursue the joint development of nonfungible tokens and to launch “multi-media NFT drops to fans.” Since last year, NBA China has minted a series of Chinese New Year basketball-themed NFTs using the latter’s Ant Chain.Tencent Cloud, the cloud business brand of Chinese internet giant Tencent,on Feb. 22 that it would support the development of the Web3 ecosystem and provide technical support to developers to promote its digitalization.
Firstly, Tencent Cloud unveiled a new product, dubbed “Metaverse-in-a-Box,” that the internet giant says will act as a one-stop solution that integrates infrastructure, products, software development kits and low-code solutions to be used primarily in games and media entertainment.In addition, the firm signed a memorandum of cooperation with Ankr, Avalanche, Scroll and Sui to further those goals.
“Tencent Cloud Metaverse-in-a-Box meets the needs of customers and developers for different scenarios, helping them obtain better real-time interactive experience, larger-scale communication and more secure access services, and quickly build online and video virtualized and virtualized metaverse scene applications.”
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