Metaverse Race Continues: Chinese Internet Giant Baidu Registers Trademark
Despite the government’s restriction on bitcoin and an imminent ban on the metaverse, Chinese internet company Baidu announced on Monday that it has filed its metaverse trademark. Baidu And The Metaverse Of Xi’rang According to the most recent trade registration statistics, Chinese enterprises are hurrying to register trademarks related to the metaverse, or Yuanyuzhou in Chinese, despite Beijing’s cautions about the risks associated with the novel concept. Baidu, China’s largest internet corporation, said earlier today that it has registered its metaverse trademark.....
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Metaverse: a digital universe. Infinite possibilities for its users, and for a brand’s revenue too. 2021 has set solid grounds for NFTs, GameFi and the metaverse to bloom into money trees. Many people still ask “What’s the point?” with every blockchain-related launch from major brands. The gaming industry takes the spotlight as Gucci, Dolce & Gabbana, Ralph Lauren, Balenciaga, Adidas, and many other famous fashion brands and designers are racing to launch their own digital clothing on different platforms. It might sound silly, but if look at what people were already....
Baidu’s metaverse app will not support digital currencies or NFTs despite its focus on digital infrastructure, VP said. The Chinese internet giant Baidu doesn’t expect to fully launch its XiRang metaverse app soon despite the app’s initial would debut on Monday, according to a senior executive.Baidu vice president Ma Jie believes that it is still “negative six” years to full XiRang’s launch, CNBC reported on Thursday. He noted that the development of the app started in December 2020.Ma spoke of “Create 2021,” Baidu’s upcoming annual developers’ event, which the company promotes as the....
Search engine giant Baidu has announced it is now accepting payment in bitcoin for its Jiasule service, which improves websites' performance, speed and security. Baidu, which has a market cap of $53 billion, is rated by web information company Alexa Internet as the most visited website in China and the fifth most visited website in the world. Founded in January 2000, Baidu is similar to Google in that its offers a variety of tools and services to produce information and products in response to search terms, however, Baidu is specific to Chinese-language search terms. Baidu Jiasule is a....
Despite the Chinese central bank's proposal to monitor metaverse and NFTs, companies such as Tencent and Huawei are pursuing metaverse-related trademarks. Despite the People’s Bank of China’s (PBOC) warning on metaverse and nonfungible tokens (NFTs) in November, more than a thousand Chinese companies have submitted thousands of metaverse-related trademark applications.In a summit back in November, Gou Wenjun, the PBOC’s AML and Analysis Center Director, warned about the dangers of digital assets. According to Gou, because virtual assets have no physical basis, they can be used for illegal....
Baidu, a Chinese international internet technology giant, planned to distribute twenty thousand Non Fungible Tokens (NFTs) from March 10, 2022. The NFTs relate to Chinese cartoon morality, and beneficiaries can operate just as avatars. As per local news, applicants may obtain a “talking tom cat” production of 8,888 distinctive NFTs from March 10, 2022, to […]