{"id":19852,"date":"2022-03-03T12:55:32","date_gmt":"2022-03-03T11:55:32","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=19852"},"modified":"2022-03-03T12:55:37","modified_gmt":"2022-03-03T11:55:37","slug":"chinese-tech-company-tencent-files-for-a-metaverse-related-trademark","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/chinese-tech-company-tencent-files-for-a-metaverse-related-trademark\/","title":{"rendered":"Chinese Tech company Tencent files for a Metaverse related trademark"},"content":{"rendered":"\n
Despite the warnings from the government, Chinese firms are vying for metaverse trademarks. Internet firm Tencent has applied for a virtual concerts patent with the Chinese National Intellectual Property Administration<\/a> (CNIPA).<\/h5>\n\n\n\n
\"Chinese<\/figure><\/div>\n\n\n\n

In November, the People's Bank of China (PBoC) took a firm position against the Metaverse and nonfungible tokens\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> (NFTs), indicating that it will use anti-money laundering (AML) measures to track them.<\/p>\n\n\n\n

According to the Chinese news outlet The Paper, over 16,000 metaverse-related trademark applications have been filed by over a thousand Chinese enterprises.<\/p>\n\n\n\n

About Tencent<\/h2>\n\n\n\n

Despite the warnings, Tencent, a Chinese multinational technology and video-game<\/a> conglomerate have been at the forefront of China's foray into the Metaverse.<\/p>\n\n\n\n

According to the South China Morning Post, Tencent sent an internal memo to its staff in October last year about the development of a new “F1” studio under its subsidiary, TiMi Studios, that will include employees from China, the United States, Canada, and Singapore, according to sources.<\/p>\n\n\n\n

Tencent conducted China's first-ever virtual concert in the Metaverse<\/a>, a New Year's celebration named TMELAND, on December 31st of last year, with over 1.1 million fans participating during the course of the event.<\/p>\n\n\n\n

Tencent has also bought Wave, a Los Angeles-based animated concert startup that creates realistic virtual performances using motion-capture technology.<\/p>\n\n\n\n

\n

Ring in 2022 in #TMELAND<\/use><\/svg><\/span><\/a>, China\u2019s first virtual #MusicFestival<\/use><\/svg><\/span><\/a>. Groove to the music on #NYE<\/use><\/svg><\/span><\/a> from your couch while your #avatar<\/use><\/svg><\/span><\/a> meets world-renowned DJs and artists with other partygoers. Dive in via #QQMusic<\/use><\/svg><\/span><\/a>, #WeSing<\/use><\/svg><\/span><\/a> and other Tencent Music apps. Happy #NYE2022<\/use><\/svg><\/span><\/a> pic.twitter.com\/hLrqvjX1Yn<\/use><\/svg><\/span><\/a><\/p>— Tencent \u817e\u8baf (@TencentGlobal) December 31, 2021<\/use><\/svg><\/span><\/a><\/blockquote>

Wave concerts have been a huge hit in the past, and they were even more popular during the pandemic<\/a> as a fresh way for singers to interact with their audience.<\/p>\n\n\n\n

In August of last year, The Weeknd used Wave services to broadcast a virtual concert live on TikTok, which drew over two million people worldwide and donated $350,000 for the Equal Justice Initiative.<\/p>\n\n\n\n

Warnings on Metaverse-risk by the government<\/h3>\n\n\n\n

It remains to be seen whether local regulators will have an impact on the Chinese multinational's objectives. On Nov. 26, Gou Wenjun, director of the PBoC's anti-money laundering office<\/a>, warned of the hazards of new crypto phenomena like NFTs and the Metaverse, speaking at a national financial security summit.<\/p>\n\n\n\n

If left uncontrolled, he warned, these assets might be easily utilised for illegal objectives such as money laundering and tax evasion.<\/p>\n\n\n\n

On Dec. 9, the People's Daily, the Chinese Communist Party's official newspaper, also issued a warning about the Metaverse, stressing that “regulation should be urged to come before innovation<\/a>.”<\/p>\n\n\n\n

Despite alarming foreshadowing from state-controlled media and banks, China has yet to provide any additional clarity on related policies.<\/p>\n","protected":false},"excerpt":{"rendered":"

Despite the warnings from the government, Chinese firms are vying for metaverse trademarks. Internet firm Tencent has applied for a virtual concerts patent with the Chinese National Intellectual Property Administration (CNIPA). In November, the People’s Bank of China (PBoC) took a firm position against the Metaverse and nonfungible tokens (NFTs), indicating that it will use […]<\/p>\n","protected":false},"author":12,"featured_media":19854,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5794,9],"tags":[7811,7812,5620,7813,7810],"class_list":["post-19852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metaverse-news","category-tech","tag-chinese-2","tag-cnipa","tag-metaverse-2","tag-tech-2","tag-tencent"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/03\/image-21.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/19852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=19852"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/19852\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/19854"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=19852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=19852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=19852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}