Metaverse Race Continues: Chinese Internet Giant Baidu Registers Trademark

Despite the government’s restriction on bitcoin and an imminent ban on the metaverse, Chinese internet company Baidu announced on Monday that it has filed its metaverse trademark. Baidu And The Metaverse Of Xi’rang According to the most recent trade registration statistics, Chinese enterprises are hurrying to register trademarks related to the metaverse, or Yuanyuzhou in Chinese, despite Beijing’s cautions about the risks associated with the novel concept. Baidu, China’s largest internet corporation, said earlier today that it has registered its metaverse trademark. Baidu also showed out a preview of its Xi’rang Metaverse environment. Chinese Internet giant Baidu's #Metaverse world: Xi'rang pic.twitter.com/nAKVr7UmNu — 8BTCnews (@btcinchina) December 20, 2021 According to the Securities Daily, which cited statistics from company and trademark registration tracking agency Tianyancha, more than 1,360 Chinese companies, mostly technology firms, have registered to register metaverse-related trademarks as of Sunday, up from only 130 entities three months ago. ETH bloodbath continues. Source: TradingView Apart from Baidu, other well-known businesses in the Chinese internet industry have also applied to register their metaverse trademarks. According to a tweet from Chinese source 8BTC, big brands like NetEase Global, Alibaba, TENCENT, and Bytedance – TikTok’s parent firm – have ...