{"id":383724,"date":"2021-12-20T21:00:00","date_gmt":"2021-12-20T18:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/chinese-companies-embark-on-a-metaverse-trademark-race\/"},"modified":"2021-12-20T21:00:00","modified_gmt":"2021-12-20T18:00:00","slug":"chinese-companies-embark-on-a-metaverse-trademark-race","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/chinese-companies-embark-on-a-metaverse-trademark-race\/","title":{"rendered":"# Chinese companies embark on a metaverse trademark race"},"content":{"rendered":"

“# Chinese companies embark on a metaverse trademark race <\/strong>”
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Despite the People\u2019s Bank of China\u2019s (PBOC) warning on metaverse and nonfungible tokens (NFTs) in November, more than a thousand Chinese companies have submitted thousands of metaverse-related trademark app<\/a>lications.<\/p>\n

In a summit back in November, Gou Wenjun, the PBOC\u2019s 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 financial activities. Gou cited activities such as \u201cillegal fundraising, pyramid schemes, and fraud.\u201d<\/p>\n

However, ignoring the PBOC\u2019s warnings, Chinese companies rushed to register metaverse-related trademarks such as \u201cmetaverse satellite\u201d and \u201cmetaverse exhibition.\u201d According to the South China Morning Post, more<\/a> than 1,360 Chinese companies submitted 8,534 trademark applications related to the metaverse by Sunday. <\/p>\n

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Tencent said to sharpen focus on metaverse-like developments with advanced new gaming studio https:\/\/t.co\/0CpQbrzxd8<\/a><\/p>\n

\u2014 South China Morning Post (@SCMPNews<\/a>) October 20, 2021<\/a><\/p><\/blockquote>\n