THELOGICALINDIAN - Despite the governments brake on bitcoin and an approaching ban on the metaverse Chinese internet aggregation Baidu appear on Monday that it has filed its metaverse trademark
Baidu And The Metaverse Of Xi’rang
According to the best contempo barter allotment statistics, Chinese enterprises are dispatch to annals trademarks accompanying to the metaverse, or Yuanyuzhou in Chinese, admitting Beijing’s cautions about the risks associated with the atypical concept.
Baidu, China’s better internet corporation, said beforehand today that it has registered its metaverse trademark. Baidu additionally showed out a examination of its Xi’rang Metaverse environment.
Chinese Internet behemothic Baidu's #Metaverse world: Xi'rang pic.twitter.com/nAKVr7UmNu
— 8BTCnews (@btcinchina) December 20, 2021
According to the Securities Daily, which cited statistics from aggregation and brand allotment tracking bureau Tianyancha, added than 1,360 Chinese companies, mostly technology firms, accept registered to annals metaverse-related trademarks as of Sunday, up from alone 130 entities three months ago.
Apart from Baidu, added acclaimed businesses in the Chinese internet industry accept additionally activated to annals their metaverse trademarks. According to a cheep from Chinese antecedent 8BTC, big brands like NetEase Global, Alibaba, TENCENT, and Bytedance – TikTok’s ancestor close – accept activated for metaverse trademarks.
Chinese Internet behemothic @NetEase_Global activated for trademarks accompanying to #Metaverse . Earlier, big names like Baidu, #Alibaba , #TENCENT and Bytedance ( #TikTok ancestor company) all accept activated for metaverse trademarks.
— 8BTCnews (@btcinchina) December 20, 2021
Securities Daily acclaimed that the majority of brand applications are currently “pending” or ability “substantive examination.”
While metaverse is bound acceptable the new internet craze, the Chinese government is currently because accretion its crypto prohibition to accommodate metaverse. Last Monday, the Chinese official media issued a warning adjoin metaverse and billow mining frauds, citation the boundless abusage of Metaverse words by con artists.
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Chinese Companies Are Hustling The Metaverse
According to a Grayscale assay report appear aftermost month, the cardinal of Metaverse users added by 10X in aloof one and a bisected years. Furthermore, the assay advancing that if the metaverse kept growing at this rate, it will become a trillion-dollar area by abutting year. Furthermore, according to Grayscale’s analysis, Metaverse has the abeyant to become a acute basic of Web 3.0, agnate to how Facebook played a role in Web 2.0.
The metaverse, which abounding see as the abutting abundance of the internet, offers a lifelike, immersive basic apple area bodies can meet, work, and play. Cryptocurrency is acclimated to accomplish affairs and purchases of basic articles in the metaverse, which are backed by non-fungible tokens (NFTs) or added agenda assets.
Despite the actuality that Chinese companies are hasty to accept the concept, the Chinese government has maintained a alert stance, as declared in state-run media commentators.
People’s Daily issued a new warning about the metaverse on December 9, claiming that “virtual property” sales airish dangers of volatility, fraud, adulterous fundraising, and money laundering.
Last week, telecommunications behemothic Huawei Technologies Co and Hisense, China’s better television manufacturer, abutting the metaverse bandwagon.
Huawei filed a brand application for Meta OS, and Hisense filed brand applications for assorted metaverse trademarks in industries such as announcement sales, amusing services, and accurate instruments.
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