Foreign video game Shrapnel gains entry onto China's Reliable Copyright Protection (RWA) Trusted Copyright Chain
Hittin' the Jackpot in Web3 Gaming with Neon Machine
The US-based firm Neon Machine has pulled off a major move in the world of web3 gaming, teaming up with China's RWA Trusted Copyright Chain. Thanks to this collaboration, Shrapnel - an anticipated extraction shooter - becomes the first international game to debut web3 gaming features in the Chinese market.
The RWA Trusted Copyright Chain will handle the verification of Shrapnel's digital assets, such as in-game characters and objects, ensuring they comply with Chinese laws. Furthermore, it will streamline the distribution and trading of these digital assets within China.
Riding the Wave with Lingjing People's Game Lab
Neon Machine has also inked a preliminary deal with Lingjing People's Game Lab, a digital content platform associated with People's Daily, China's state-run newspaper. This partnership focuses on compliantly issuing, localizing, and trading digital gaming assets within China.
Neon Machine CEO Ken Rosman highlighted the importance of this deal, stating, "This milestone opens up a world of possibilities and sets a powerful example for how decentralized models can drive global growth, marking just the beginning."
Built on Avalanche, Shrapnel is a competitive PC-based extraction shooter developed by Neon Machine, slated for release in 2025. The game aims to take blockchain gaming to new heights, and this latest partnership suggests that China's strict regulations aren't putting a damper on the growth of web3 gaming.
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The Skinny on Web3 Gaming in China
Neon Machine's collaboration with state-backed RWA Trusted Copyright Chain and Lingjing People's Game Lab showcases China's slow but steady progress in Web3 gaming. Given China's interest in blockchain technology, the Asian Pacific region, particularly China, is expected to lead the way in the global Web3 gaming market.
China is investing heavily in blockchain infrastructure and technology, as demonstrated by its Blockchain Innovation and Application Development Action Plan. This initiative supports blockchain research and development, setting the stage for future Web3 innovations, including gaming.
Overall, while China's regulatory landscape can be a challenge, it seems the country is fostering blockchain technology growth in gaming through strategic partnerships and infrastructure investment. With Neon Machine taking the lead, it's an exciting time for Web3 gaming in China.
- Neon Machine's collaboration with the RWA Trusted Copyright Chain and Lingjing People's Game Lab demonstrates their focus on technology, using blockchain technology to drive global growth in web3 gaming.
- With China's increasing investment in blockchain infrastructure and technology, such as the Blockchain Innovation and Application Development Action Plan, it shows a commitment to advancing technology in areas like web3 gaming.
