Asia Express: China’s GBA Capital unveils $10B metaverse fund, first digital yuan CBDC wallet seizure, Tencent’s fleet blockchain patent.
Our weekly roundup of news from East Asia curates the industrys most important developments.
GBA Capital, a Chinese venture capital fund based in Shenzhen, has pledged $10 billion for an inaugural Web3 fund focusing on virtual reality, metaverse assets, and non-fungible tokens.
During the Guangdong-Hong Kong-Macao Greater Bay Area Digital Economy Development Conference on December 26, Haolong Li, Chairman of GBA Capital,saidthat its new Web3 Fund will help the region become the “world’s meta-asset capital.”
