# Chinese internet giants remove NFT platforms fearing gov’t crackdown

# Chinese internet giants remove NFT platforms fearing gov’t crackdown

” Chinese internet giants remove NFT platforms fearing gov’t crackdown “ China’s leading social media platforms and internet giants have updated their policy to restrict or remove nonfungible token (NFT) platforms, citing a lack of regulatory clarity and fearing government crackdown. Chinese social media giant WeChat reportedly removed several digital collectible platform accounts for violations…

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# Immutable raises 0M to invest in blockchain gaming, bringing valuation to .5B

# Immutable raises $200M to invest in blockchain gaming, bringing valuation to $2.5B

” Immutable raises $200M to invest in blockchain gaming, bringing valuation to $2.5B “ Australian NFT trading platform Immutable announced a $200 million Series C funding round led primarily by Singaporean state-owned investment firm Temasek and with participation from Animoca Brands and Tencent. Additional investment from ParaFi Capital, Princeville Capital and Arrington Capital as well as from…

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# Chinese Communist Party warn of NFT hype bubble

# Chinese Communist Party warn of NFT hype bubble

“# Chinese Communist Party warn of NFT hype bubble ” According to local sources, the Chinese government has released a series of statements denouncing the value of the non-fungible token, or NFT, market, despite two of the nation’s major tech firms pursuing the technology. The story was first released locally by the Securities Times —…

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                Tencent to acquire Sumo Group

# Tencent to acquire Sumo Group

“# Tencent to acquire Sumo Group ” A $1.27 billion deal. Tencent Holdings will acquire Sumo Group for $1.27 billion, the companies announced. Sumo Group is made up of the following studios: Atomhawk Atomhawk Canada Atomhawk United Kingdom Pipeworks Studios Timbre Games Sumo Digital The Chinese Room Lab42 PixelAnt Games Red Kite Games Sumo Leamington…

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                Lightspeed & Quantum Studios establishes Uncapped Games – new studio led by Blizzard Entertainment veterans to develop new real-time strategy game for PC

# Lightspeed & Quantum Studios establishes Uncapped Games – new studio led by Blizzard Entertainment veterans to develop new real-time strategy game for PC

“# Lightspeed & Quantum Studios establishes Uncapped Games – new studio led by Blizzard Entertainment veterans to develop new real-time strategy game for PC ” California-based studio now hiring. Tencent subsidiary Lightspeed & Quantum Studios have announced the establishment of Uncapped Games, which is led by industry veterans David Kim and Jason Hughes, and will…

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