China NFT Weekly: Hottest New NFTs

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Digestible information concerning the newest developments throughout the fields of NFT, blockchain and metaverse in China, delivered to you each week.
This week: The Sandbox metaverse names Mega City undertaking companions, e-CNY pockets tops obtain charts in app shops, NFT initiatives endorsed by Jay Chou prime OpenSea’s 24-hour gross sales chart, and extra.

The Sandbox metaverse names Mega City undertaking companions
The Sandbox, a number one decentralized gaming digital world and subsidiary of Animoca Brands, introduced right this moment that it has added an array of Hong Kong companions from the movie, music, leisure, performing, skilled companies, finance, actual property and gaming sectors to create Mega City, a brand new cultural hub.
The new entrants have joined The Sandbox’s digital actual property by buying LAND NFTs within the open metaverse and have dedicated to constructing experiences in Mega City.To rejoice the brand new companions, The Sandbox will launch a brand new LAND sale that may enable gamers to buy alternative spots close to the LANDs of companions.Partners who acquired LAND in Mega City embody Hong Kong tycoon Adrian Cheng, skilled companies agency PwC Hong Kong, blockchain-related funding and asset administration firm TIMES CAPITAL, director Stephen Fung and actor Shu Qi.TIMES CAPITAL will assist to construct an immersive Hong Kong movie IP museum and sport expertise primarily based on its IP portfolio of over 150 basic movies.Director Stephen Fung and actor Shu Qi will assist convey artwork and tradition to Mega City. Fung will showcase his personal works, in addition to these by artists he chosen, to pay homage to Hong Kong movie classics, whereas Shu will showcase her NFTs at a specialised social hub.Earlier, The Sandbox lauched Alpha, a play-to-earn NFT sport that enables anybody to earn SAND, The Sandbox’s utility token.The Sandbox has secured over 165 partnerships, together with Adidas, Snoop Dogg, The South China Morning Post and CryptoKitties.The Sandbox has already offered 70% of its 166,464 LAND NFTs. Existing LAND homeowners embody Binance, CoinCheck, Metakovan, Pranksy, Socios and CoinMarketCap, amongst others. (Yahoo Finance)

E-CNY Wallet tops obtain charts in app shops forward of Winter Olympics
China’s digital yuan pockets app has turn out to be one of many nation’s most downloaded apps inside only a week of launching, a growth that would disrupt a shopper cost market dominated by Alipay and WeChat Pay.
Downloads of the e-CNY app, which at the moment operates in choose cities in China, exceeded these of WeChat, based on market researcher App Annie. The pockets app retained the highest spot by means of Saturday earlier than falling to second place behind Kuaishou.By Monday, the app was additionally the second most downloaded monetary app in Xiaomi’s app retailer, after topping the listing final Wednesday, based on market researcher Qimai.The e-CNY app’s reputation might be a optimistic signal for efforts by the People’s Bank of China to advertise its central financial institution digital foreign money (CBDC), forward of the 2022 Winter Olympics subsequent month.The Central Bank Research Institute, developer of the brand new pockets app, has studied the e-CNY for years earlier than testing it out in 2020 by sending e-yuan pink packets in 10 pilot cities and Olympic venues in Beijing.The authorities has acknowledged that the digital yuan is designed to exchange cash and notes in circulation, however the push to digitize money has additionally fanned issues of enhanced state surveillance on transactions.In addition to the e-CNY app, the digital yuan can also be accessible through WeChat, Alipay and the apps of seven Chinese banks, together with the Industrial and Commercial Bank of China (ICBC).China has but to announce a proper timetable for the nationwide launch of its CBDC, however the central financial institution has mentioned that international guests to the Olympics will be capable to use the digital yuan and not using a Chinese checking account. (SCMP)
SEE ALSO: Chinese supply app Meituan now help e-CNY
NFT initiatives endorsed by Jay Chou and Edison Chen prime OpenSea’s 24-hour gross sales chart
NFT initiatives with hyperlinks to Taiwanese pop star Jay Chou and Hong Kong actor Edison Chen have topped the world’s largest NFT market’s 24-hour gross sales chart.
PhantaBear, a group of 10,000 NFTs launched on January 1 by the Jay Chou-backed style model PHANTACi, is at the moment the highest undertaking on OpenSea, with a commerce quantity of 23,000 and ground worth (lowest worth) of 4.18 ETH.The Heart Project, which was endorsed by Edison Chen in September final yr, noticed its gross sales quantity develop over 20,000 per cent over the previous few days, sending it to the second spot on {the marketplace} by 24-hour buying and selling quantity.While the Chinese authorities has taken strict measures to crack down on crypto mining and buying and selling, actions and communities round digital property stay vibrant in Hong Kong and Taiwan. (SCMP)

Foxconn subsidiary Ennoconn Corporation receives funding from Google for metaverse initiatives
Ennoconn Corporation, a Taiwanese pc {hardware} subsidiary of iPhone provider Foxconn, is ready to obtain a $39.8 million funding from Google, as the 2 plan to cooperate on extra metaverse initiatives in Taiwan.
Google is ready to spend money on the corporate by means of a non-public placement. Upon the completion of the deal, the American tech big will take a 4.6% stake in Ennoconn, making it the third-largest institutional shareholder of the Foxconn subsidiary.Ennoconn’s merchandise, together with servers and devices for 5G purposes and the Internet of Things (IoT), make the corporate a robust participant within the metaverse area.In 2017, Google invested within the {hardware} enterprise of HTC, a Taiwanese shopper electronics firm identified for manufacturing digital actuality (VR) gears in a $1.1 billion deal.Taiwan manufactures many of the world’s high-end built-in circuit chips, that are key parts for constructing sensors to be included in VR headsets and base stations. Google’s transfer will assist to strengthen the corporate’s metaverse {hardware} provide chain and set the stage for the event of the metaverse trade in Taiwan. (Forkast)
Nvidia makes its metaverse-building software program free for particular person creators and artists
The tech big additionally added new options and companions to Omniverse, its real-time 3D design collaboration and digital world simulation platform.
Last week, on the Consumer Electronics Show in Las Vegas, Nvidia made Omniverse, its real-time 3D design collaboration and digital world simulation platform, obtainable free to particular person creators and artists.The tech big additionally rolled out new options and integrations for the product, which the corporate has dubbed the “metaverse for engineers.”Nvidia says Omniverse has been downloaded by over 100,000 creators because the firm launched a beta model for paid subscribers final yr.Omniverse combines graphics, synthetic intelligence (AI), simulation instruments and scalable computing to assist designers and creators craft 3D property and scenes from their laptops or workstations.Omniverse is ready to join unbiased 3D design worlds, which are sometimes made with incompatible instruments, right into a shared digital scene. (CoinDesk)

Kidnapped Chinese man reunited with household after 33 years by drawing map from reminiscence
37-year-old Li Jingwei was kidnapped by a neighbor and offered to a toddler site visitors ring in 1989.On 24 December, 2021, Li shared a hand-drawn map of his childhood village in Yunnan on the brief video-sharing app Douyin (the Chinese mainland model of TikTookay), which police matched to a small village and a lady whose son had disappeared.After receiving DNA exams, Li was in a position to reunite together with his household on January 1, 2022, and a video of the reunion went viral on the web.
Talk about an effective way to start out the brand new yr… That’s it for this week’s e-newsletter – thanks for studying! As all the time, I welcome any suggestions on the way to make this text higher. My electronic mail is [email protected]. Have an important weekend, and see you subsequent week!

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