22/07/2022 Tencent to shut Huanhe NFT marketplace: report

Tencent this week will shut down Huanhe, the Chinese tech giant’s non-fungible token (NFT) marketplace that has been operating for less than a year, according to unnamed Tencent sources cited in areportby Shanghai-based technology news outlet Jiemian on Wednesday.

Fast facts

  • The report said that junior managers had received notification of the shutdown, while a second Jiemianreportcited a Tencent insider saying that the marketplace had stopped collaborating with business partners since early July.

  • Huanhe, whichbegan in August 2021, is one of China’s most popular and largest NFT marketplaces, and was Tencent’s foray into the world of NFTs. In the last 30 days, Huanhe issued 158,994 pieces of digital collectibles, according to ChineseNFT data provider Tanhert.

  • Huanhe’s terms of use state that it will not be considered a breach of contract if the market closes for technical or regulatory reasons, and that users will have no right to seek redress from Tencent.

  • Sales on Huanhe have slowed since June, with seven of the 10 NFT series released in June yet to be sold, according toForkast’scalculation. Prior to June, NFT collections typically sold out.

  • Tencent News’ NFT marketplaceshut in July, after it launched in January. Former head of Tencent News, Wang Shimu, left the news division in May and was reassigned to Huanhe, according to local Chinese media.

Arts

https://finance.yahoo.com/news/tencent-shut-huanhe-nft-marketplace-100602660.html

Interesting NFTs
Various people climbing the mountain, from the series Thirty-six Views of Mt. Fuji
Katsushika Hokusai (1760-1849) Various people climbing the mountain, from the series Thirty-six Views of Mt. Fuji 1833 - Japan
Wen Sandwich #387
By Wen_Sandwich_Official
Beautiful Worlds
Welcome to the ‘Beautiful worlds’ where nature and technology have merged into a single entity. These are Ai generated and hand finished visions of solarpunk future in which I would really like our future generations to live and prosper: the future we might have if we took the very “alternative route” which now lies before us: replacing states and corporations which free federations of communities and cooperatives, using decentralist and ecological technologies to create a world beyond economic scarcity and social hierarchy, defined by autonomy, mutual aid, diversity, and inclusiveness. The long-term goals of solarpunk are freedom and well-being for all by adopting and developing such ecological technologies as: solar, wind, wave and geothermal energy rather than oil or gas to generate electricity; a world of decentralized eco-cities, permaculture and vertical farming, free and open-source software, open-source hardware, small-scale fabrication laboratories, micro-manufacturing, 3D-printing, and countless examples of commons-based peer-production online: meeting the maximum amount of needs, in the shortest time, using the minimum possible amount of energy. It’s a world of decentralized and confederated eco-communities, using technology for human-centric and eco-centric ends rather than for accumulating power and profit – mending the metabolic rift between first nature (the natural world) and second nature (human culture) – and where social hierarchies of race, gender, sexuality, and disability are considered horror stories from the past “oil age”. Solarpunk desires societies of polycultural ethnic diversity and gender liberation, where each person is able to actualize themselves in societal environment of free experimentation and communal caring; This philosophy proposes that in order for the social and natural worlds to reconcile, humans must first transform their relations to each other – recreating society along egalitarian, cooperative, and democratic lines – and then transform their relations towards nature – adopting an attitude to cooperation, rather than domination, towards the planet and its nonhuman forms of life. Text by Connor Owens. This artwork took me a year to create and for you it will take a year to discover. Master autonomously updates once a day at 12am with one of 366 original artworks. Enjoy!
Classical Collage
voronoi fun with some well known art
Traffic
Traffic explores a crossroads between the metaverse & reality through organized chaos. The complexity of this aural / visual landscape demanded over 200 hours of design time between Slimesunday & 3LAU. Every detail of this piece was built from scratch, from the reflective puddled pavement to the stabbing synthesis of the song. We think we'll be spending a lot more time in the metaverse in the future, don't you?