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: NFT-based ‘move-to-earn’ game STEPN to block users in China due to domestic crypto regulations, Chinese stock photo licensing website Visual Culture Group to launch NFT platform overseas, Hong Kong-based crypto lender Babel Finance secures $80 million in latest funding round, bringing valuation to $2 billion, and more.
Popular NFT game STEPN announced Thursday that users in China would effectively be barred from using the app starting July 15, in order to comply with the country’s regulatory policies. Blomberg and SCMP first reported this story.
READ MORE:  STEPN Closing Services in Mainland China
Visual China Group (VCG), China’s largest provider of stock images and videos, announced on Thursday the launch of an overseas NFT platform that supports cryptocurrencies. SCMP and Forkast first reported this news.
READ MORE:  Visual China Group Launched Blockchain-Based Digital Collecitble Marketplace
The metaverse startup announced last week that it had raised $36.8 million in a Series B round of financing led by Sequoia Capital India. ClearVue Partners, NetEase and Northern Light Venture Capital also participated in this round. TechCrunch and Forbes first reported the story.
Hong Kong-based crypto lender and digital asset manager Babel Finance announced last week that it had raised $80 million in a new funding round that valued the cryptocurrency lender and asset manager at $2 billion. Forbes and Reuters first reported the story.
Digital therapeutics company Akili Interactive has agreed on a deal with Roblox that could bring the former’s gamified therapy for attention-deficit hyperactivity disorder (ADHD) to the online gaming storefront’s 55 million users, according to Axios.
Leading NFT market place OpenSea announced last Thursday that it has redesigned its profile and collections pages to enhance the user-friendliness of the website. The Verge first covered the story.
That’s it for this week’s newsletter – thanks for reading! As always, I welcome any feedback on how to make this newsletter better. My email is [email protected]. See you again next week!

इस सप्ताह: NFT- आधारित “मोबाइल मनी मेकिंग” गेम STEPN घरेलू पासवर्ड नियमों के कारण चीन में उपयोगकर्ताओं को ब्लॉक कर रहा है, चीनी स्टॉक फोटो अधिकृत वेबसाइट विज़ुअल कल्चर ग्रुप NFT प्लेटफार्मों को विदेशों में लॉन्च करेगा, और इसी तरह।

ਇਸ ਹਫ਼ਤੇ: ਐਨਐਫਟੀ ਦੇ “ਮੋਬਾਈਲ ਮਨੀ” ਗੇਮ ਦੇ ਆਧਾਰ ਤੇ, ਐਸਟੀਪੀਐਨ ਨੇ ਘਰੇਲੂ ਪਾਸਵਰਡ ਨਿਯਮਾਂ ਦੇ ਕਾਰਨ ਚੀਨ ਵਿੱਚ ਉਪਭੋਗਤਾਵਾਂ ਨੂੰ ਬਚਾ ਲਿਆ ਹੈ. ਚੀਨੀ ਸਟਾਕ ਫੋਟੋ ਅਧਿਕਾਰ ਵੈਬਸਾਈਟ ਵਿਜ਼ੁਅਲ ਕਲਚਰ ਗਰੁੱਪ ਵਿਦੇਸ਼ੀ ਐਨਐਫਟੀ ਪਲੇਟਫਾਰਮ ਲਾਂਚ ਕਰੇਗਾ, ਅਤੇ ਇਸ ਤਰ੍ਹਾਂ ਹੀ.

এই সপ্তাহে: এনএফটি-ভিত্তিক “মোবাইল অর্থ উপার্জন” গেম STEPN গার্হস্থ্য পাসওয়ার্ড প্রবিধানের কারণে চীনে ব্যবহারকারীদের ব্লক করে। চীন স্টক ফটো অনুমোদন ওয়েবসাইট ভিজ্যুয়াল সংস্কৃতি গ্রুপ বিদেশে NFT প্ল্যাটফর্ম চালু করবে, ইত্যাদি।

ယခုအပတ်-NFT အခြေပြု “မိုဘိုင်း ငွ ေရှာ ခြင်း” ဂိမ်း STEPN သည် ပြည်တွင်း စကားဝှက် စည်းမျဉ်း များ၊ တရုတ် စတော့ရှယ်ယာ ဓာတ်ပုံ လိုင်စင် ဝက်ဘ်ဆိုက် Visual Culture Group သည် ပြည်ပ တွင် NFT ပလက်ဖောင်း များ ကိုစတင် မည်။

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