China NFT Weekly: Animoca Brands’ Empire of NFT Games – Pandaily

Digestible news about the latest developments across the fields of NFT, blockchain and metaverse in China, delivered to you every week.

This week: IOC launches Beijing Olympics-themed NFT mobile game, Binance Labs makes strategic investment in Animoca Brands subsidiary GAMEE, Hong Kong to launch CNY pilot soon after spring festival, and more.

Ubisoft to experiment with gaming NFTs in The Sandbox metaverse

French video games giant Ubisoft has teamed up with The Sandbox metaverse platform, marking the latest sign of the possible fusion of games and NFTs.

Binance Labs makes strategic investment in Animoca Brands subsidiary GAMEE

Play-to-earn (P2E) gaming platform GAMEE has recently received a $1.5 million strategic investment from Binance Labs, the venture capital arm of Binance, the world’s largest cryptocurrency exchange.

IOC launches Beijing Olympics-themed mobile game with NFTs

The International Olympic Committee (IOC) has become the latest organization to make its foray into the burgeoning global NFT industry.

Hong Kong sets stage for e-CNY use, to launch pilot ‘soon after Spring Festival’

Hong Kong will soon roll out a pilot scheme for the use of the digital yuan, or “e-CNY,” in the city for shopping and dining, making the special administrative region the first city to use this digital currency outside mainland China.

AssangeDAO raises $38 million to aid WikiLeaks founder’s court battle

AssangeDAO, a decentralized autonomous organization set up to fund the legal defense of WikiLeaks founder Julian Assange against extradition to the US, where he is wanted on criminal charges including espionage, has raised more than 17,422 ETH ($53.8 million) in less than a week since it went live.

Sequoia Capital leads $450 million investment in Polygon blockchain

Sequoia Capital is playing catchup with arch-rival Andreessen Horowitz in the race to invest in Web3 by investing $450 million in the Ethereum-backed blockchain network Polygon.

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]. Happy early Valentine’s Day to those who celebrate, and see you all next week!