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