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This Week in the Metaverse: Tencent ditches NFTs, FTC prepares to challenge Meta’s ‘virtual reality empire’

on Aug 18, 2022 | 0 comments

By Webb Wright

Things are moving fast in the metaverse, and in the wider world of Web3 as a whole. Depending on who you ask, this futuristic, blockchain-based space is either the next big thing for marketing — and for almost everything else — or an overhyped fad. Here’s what you need to know from this past week:

Tencent axes NFT sales

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The Chinese tech giant Tencent has stopped selling NFTs in response to regulation concerns from the Chinese government, according to Reuters. Current NFT holders will still be allowed to keep and display their tokens, Read full story ›

Source: The Drum