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The metaverse is the most popular buzzword in the computer industry right now, and Chinese businesses are swiftly catching on. According to local media, over 1,300 corporations, including Tencent, Huawei, and Alibaba, have applied trademarks connected to the metaverse. Money is also pouring, with the emerging industry getting over $1.5 billion, the majority of which came in the fourth quarter.

The metaverse is a version of the Internet that integrates multiple components, such as virtual reality and augmented reality, to provide users more control over their online environment. Through Omniscape, which is built on the BSV blockchain, companies like Transmira have pioneered this innovative technology. However, after Mark Zuckerberg renamed his company Facebook to Meta and stated his aspirations for the space, the metaverse attracted mainstream attention.

Companies like Zuckerberg’s Meta, Google, Microsoft, Epic Games, and even Apple are experimenting with this technology in the West, but their Eastern competitors are also making significant strides. As of December 20, approximately 1,360 companies have filed applications for metaverse-related trademarks, according to the South China Morning Post. This is an impressive accomplishment in and of itself, but it’s even more impressive when you consider that only around three months earlier, only 130 companies had applied for such trademarks.

Beijing received the most applications (810), followed by Guangzhou, Shenzhen, and Shanghai, which received 637, 519, and 419 applications, respectively.

Tech companies are leading this march. According to Tianyancha, a Chinese business and trademark registration tracking agency, Tencent, the world’s largest video game corporation, has filed roughly 100 trademark applications. The corporation has filed trademark applications for “King Metaverse,” “Tianmei Metaverse,” and other terms, as well as a metaverse trademark for its instant messaging service, QQ.

Alibaba, which has even established an XR lab; TikTok’s parent company ByteDance, which invested $1.4 billion to acquire a VR headset maker; and mobile maker Xiaomi, which invested in VR company Sky Limit Entertainment this month, are all companies that have shown a strong interest in pioneering the metaverse movement. Huawei and Hisense, two of China’s leading phone and television manufacturers, have filed metaverse-related patent applications.

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