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This Week in the Metaverse: Tencent ditches NFTs, FTC prepares to challenge Meta’s ‘virtual reality empire’

Summary by Ground News
Chinese tech giant Tencent has stopped selling NFTs in response to regulation concerns from the Chinese government. Federal Reserve issues guidelines for crypto banks hoping to access national banking system. Mark Zuckerberg launches Horizon Worlds in France and Spain with an eye-gougingly ugly VR selfie.

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This Week in the Metaverse: Tencent ditches NFTs, FTC prepares to challenge Meta’s ‘virtual reality empire’

Things are moving fast in the metaverse, and in the wider world of Web3 as a whole. Depending on who you ask, this futuristic, blockchain-based space is either the next big thing for marketing — and for almost everything else — or an overhyped fad. Here’s what you need to know from this past week:

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The Drum broke the news on Thursday, August 18, 2022.
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