News

Tencent to Offer Metaverse-Building Services for Asian Markets

Coins Legend February 24, 2023 0

Tencent, the Chinese software and tech company, has announced its metaverse suite of services designed to target Asian markets. The company revealed that it will revamp its media offering with its new “metaverse-in-a-box” proposal, which aims to facilitate the task of building virtual worlds

News

Chinese Tech Giants Tencent and Bytedance Plan Cuts in Their Metaverse Divisions

Coins Legend February 20, 2023 0

According to reports, Tencent and Bytedance, two Chinese tech giants, are planning to execute a significant number of job cuts in their metaverse divisions. Tencent recognized it is making some staff adjustments, amidst rumors of hundreds of layoffs in its extended reality division, while Bytedance is also planning to cut staff in Pico, its metaverse […]

News

Chinese Tech Giant Tencent to Shut Down NFT Platform Amid Trading Restrictions

Coins Legend July 22, 2022 0

China’s Tencent Holdings plans to shut down its non-fungible token (NFT) platform Huanhe only a year after its launch. The social media giant has reportedly made the decision because of the strict ban on the resale of NFTs imposed by the authorities in Beijing. Huanhe to Close Down a Year After Launch as China Curbs […]

Technology

Tencent Launches Extended Reality Unit to Tackle the Metaverse Market

Coins Legend June 27, 2022 0

Tencent, the Chinese technology and entertainment giant, announced the creation of its own metaverse-driven division. The division, named the extended reality unit, will be the one tasked with encompassing all metaverse-driven efforts, including hardware and software developments. According to reports, the company aims to employ over 300 in this unit, with Tencent giving