NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price To Recover $100,000: BTIG Cites Key Reasons For Optimism
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price To Recover $100,000: BTIG Cites Key Reasons For Optimism

Metaverse Race Continues: Chinese Internet Giant Baidu Registers Trademark

Anifowoshe Ibrahim
Anifowoshe Ibrahim
Last Updated: June 11, 2024 2:09 pm
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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. Baidu also showed out a preview of its Xi’rang Metaverse environment.

Chinese Internet giant Baidu's #Metaverse world: Xi'rang pic.twitter.com/nAKVr7UmNu

— Gwei Research (@btcinchina) December 20, 2021

According to the Securities Daily, which cited statistics from company and trademark registration tracking agency Tianyancha, more than 1,360 Chinese companies, mostly technology firms, have registered to register metaverse-related trademarks as of Sunday, up from only 130 entities three months ago.

ETH Will power apart of the metaverse

ETH bloodbath continues. Source: TradingView

Apart from Baidu, other well-known businesses in the Chinese internet industry have also applied to register their metaverse trademarks. According to a tweet from Chinese source 8BTC, big brands like NetEase Global, Alibaba, TENCENT, and Bytedance – TikTok’s parent firm – have applied for metaverse trademarks.

Chinese Internet giant @NetEase_Global applied for trademarks related to #Metaverse . Earlier, big names like Baidu, #Alibaba , #TENCENT and Bytedance ( #TikTok parent company) all have applied for metaverse trademarks.

— Gwei Research (@btcinchina) December 20, 2021

Securities Daily noted that the majority of trademark applications are currently “pending” or undergoing “substantive examination.”

While metaverse is quickly becoming the new internet craze, the Chinese government is currently considering expanding its crypto prohibition to include metaverse. Last Monday, the Chinese official media issued a warning against metaverse and cloud mining frauds, citing the widespread misuse of Metaverse words by con artists.

Related article | Cardano Founder Says Metaverse Is Important For Crypto

Chinese Companies Are Hustling The Metaverse

According to a Grayscale research report released last month, the number of Metaverse users increased by 10X in just one and a half years. Furthermore, the survey anticipated that if the metaverse kept growing at this rate, it will become a trillion-dollar sector by next year. Furthermore, according to Grayscale’s analysis, Metaverse has the potential to become a crucial component of Web 3.0, similar to how Facebook played a role in Web 2.0.

The metaverse, which many see as the next iteration of the internet, offers a lifelike, immersive virtual world where people can meet, work, and play. Cryptocurrency is used to make transactions and purchases of virtual products in the metaverse, which are backed by non-fungible tokens (NFTs) or other digital assets.

Despite the fact that Chinese companies are rushing to adopt the concept, the Chinese government has maintained a cautious stance, as stated in state-run media commentators.

People’s Daily issued a new warning about the metaverse on December 9, claiming that “virtual property” sales posed dangers of volatility, fraud, illicit fundraising, and money laundering.

Last week, telecommunications giant Huawei Technologies Co and Hisense, China’s largest television manufacturer, joined the metaverse bandwagon.

Huawei filed a trademark application for Meta OS, and Hisense filed trademark applications for multiple metaverse trademarks in industries such as advertising sales, social services, and scientific instruments.

Related article | A Wave Of New Blockchain Games Are Accelerating Mainstream Adoption Of Collectibles And NFTs

Featured image from Unsplash, chart from TradingView.com

 

Tweet123Share196ShareSend
Anifowoshe Ibrahim
Anifowoshe Ibrahim

Anifowoshe Ibrahim

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin Trail Ends: $29M Seized After European Authorities Shut Down Cryptomixer

Authorities in Europe have shut down a large crypto mixing service and seized a major amount of Bitcoin, according to...

Christian Encila 4 hours ago
hardcore-poker-strategy-winning-tips

骨灰級玩家的德州撲克盈利心得:位置、概率、心理的策略

從線下牌桌一路磨到線上高額桌,經歷十多年對局後,更能感受到德州撲克並非一般人以為的“靠運氣賭博”。真正的高手靠的是資訊優勢、概率計算、行為判斷與長期紀律。大多數玩家失敗,不是因為牌差,而是因為他們不理...

newsbtc 5 hours ago
Chainlink

Chainlink At A Turning Point: Triangle Pattern Holds, But One Line Must Break

Chainlink is approaching a decisive moment as its price compresses within a well-defined triangle structure. The pattern remains strong, but...

Godspower Owie 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

cardano ada adausd

Cardano’s December Slide Intensifies: What’s Driving the Decline and What Comes Next?

James Halver 50 minutes ago
Bitcoin

Bitcoin (BTC) Price In A ‘Vulnerable Technical Environment’ – Key Levels To Watch

Rubmar Garcia 2 hours ago

加密圈下一個“RollerCoin”?PepeNode 的 GameFi 新玩法初現熱度 早期勢頭強勁

newsbtc 4 hours ago

Premium Sponsors

Press Releases

  • ETHが2,800ドル付近で停滞、次の重要局面はどこか

    ...

    14 hours ago
  • 市場不安の中で見える次の価格シナリオとは

    ビットコイン...

    14 hours ago
  • アルトコイン 注目銘柄:Cantor Fitzgerald の Solana ETF 計画で浮上する買い候補とは

    アルトコイン 注目銘柄:Cantor Fitzgerald の...

    16 hours ago
  • シバコイン...

    16 hours ago
  • ドージコイン 今後:専門トレーダーが予測する大幅反発の可能性とは

    ドージコイン...

    16 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.