China-based IT company Tencent has applied for a patent to the China National Intellectual Property Administration (CNIPA) to organize virtual concerts on the metaverse using NFTs.
Tencent has filed a patent application with the China National Intellectual Property Administration (CNIPA) to perform gigs in the metaverse.
The People’s Bank of China (PBoC) took a strict stance against metaverses and NFTs last November and said they would be monitored with Anti-Money Laundering (AML) tools. But despite all these warnings, more than a thousand Chinese companies have applied for more than 16 thousand metaverse-related trademarks.
New Metaverse Step from Tencent
Tencent held China’s first virtual concert in the metaverse on December 31. More than 1.1 million users attended the new year’s party called TMELAND.
China-based multinational technology and video game giant Tencent continues its metaverse and NFT steps despite all warnings. Tencent has reportedly filed a patent application with the China National Intellectual Property Administration (CNIPA) for arranging virtual gigs on the metaverse using NFTs.
Ring in 2022 in #TMELAND, China’s first virtual #MusicFestival. Groove to the music on #NYE from your couch while your #avatar meets world-renowned DJs and artists with other partygoers. Dive in via #QQMusic, #WeSing and other Tencent Music apps. Happy #NYE2022 pic.twitter.com/hLrqvjX1Yn
— Tencent 腾讯 (@TencentGlobal) December 31, 2021
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