Tencent files for patent related to virtual concerts in Metaverse
Chinese tech conglomerate Tencent has filed for a virtual concerts patent with the Chinese National Intellectual Property Administration (CNIPA) according to business data-tracker Qichacha. The application comes as Chinese companies race to secure Metaverse trademarks.
Even though the People’s Bank of China (PBoC) took a strong stance against the Metaverse and nonfungible tokens (NFTs) in November, stating that it would track them with Anti-Money Laundering tools, more than a thousand Chinese companies have submitted over 16,000 metaverse-related trademark applications according to a report from Chinese news outlet, The Paper.
Despite the warnings, the Chinese multinational technology and video-game colossus Tencent, has been leading China’s charge into the Metaverse.
According to the South China Morning Post, sources claim that Tencent sent out an internal letter to its employees in October last year, concerning the creation of a new “F1” studio under its subsidiary TiMi Studios that will involve employees from China, the United States, Canada and Singapore.
On December 31 last year, Tencent held China’s first ever virtual concert in the Metaverse, a New Years celebration called TMELAND which saw over 1.1 million fans join in over the duration of the festival. Tencent has also acquired Los-Angeles-based animated concert company Wave, which uses a motion-capture technology to create realistic virtual concerts.
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
Wave concerts have been
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