The foreign "coins release" company with which Tencent was affiliated

Tencent is passionate about and invested in the crypto industry. According to data from Tianyan Check, Tencent Technology (Shenzhen) Co., Ltd. filed 4 blockchain and cryptocurrency related patent applications on December 1 of last year, including the process of developing effective cryptocurrency contracts, associated devices, and advertising. .

On December 8, Lydia, the French financial services firm, announced that it had completed the $ 100 million Series C funding round, it did not happen. These funds will be used to expand large markets to other European countries.

Prior to January 2020, Tencent also provided Lydia with funding of $ 45 million. Recently, Lydia announced a partnership with Bitpanda to create a cryptocurrency market.

In fact, Tencent has invested, directly or indirectly, in many offshore “crypto” companies, some even reporting their own digital profits. In this case, a reporter from "Blockchain Daily" requested an acknowledgment from Tencent, but there was no response at the time of the announcement.

Tencent Joins the "Parts" of Two Foreign Trade Companies

Tencent is passionate about and invested in the crypto industry. According to Tianyan Research Information, Tencent Technology (Shenzhen) Co., Ltd. announced 4 blockchain and cryptocurrency related patent applications on December 1 of last year, including a way to develop smart cryptocurrency contracts, related tools, and cia information storage. I do.

A reporter from 'Blockchain Daily' confirmed that there are many prepaid advertising companies that Tencent has invested in.

Tencent funded Lydia to the tune of $ 45 million last year and recently continued to join the company with hundreds of millions of dollars in Series C funding.

On November 22, the Austrian cryptocurrency exchange Bitpanda announced that its cryptocurrency products are now integrated with the Lydia payment app, allowing Lydia 5.5 million users to invest in more than 170 crypto -coins.

When Lydia first launched, it was a peer-to-peer payment app that allowed users to send and receive money instantly through their mobile app. Once Lydia integrates Bitpanda's trading features, users will be able to invest in Bitcoin, Ethereum, and hundreds of other crypto assets, as well as access to ETFs.

Another Tencent-funded company, Kik Interactive, is a Canadian communications startup that launched free instant messaging software, Kik Messenger, in 2010 which reached 1 million users in 15 years. Over 300 million registered users. In 2015, he received $ 50 million from Tencent.

At the start of 2017, Kik Chat's had little venture capital and was on the verge of bankruptcy. After the measures failed, Kik Chat announced the announcement of the ICO (a first public offering of tokens to raise public funds) to raise funds.

Kik CEO Ted Livingston told media that Kik has decided to enter the cryptocurrency space since 2011. The plan was to launch in 2014 and the first version of the token is called Kik Points, which is not a blockchain digital currency.

In 2017, the national financial token KIN reached $ 98 million, making it the first public relations app to sell cryptocurrency. KIN has increased tenfold since it went online.

Due to the $ 55 million raised at ICO 2019, KIN has been dubbed the “illegal advertiser” by the US SEC. According to third-party data, KIN currently sits at $ 0.00008639 at the time of going to press, 50% below its issue price of $ 0.00012. However, the overall market value is still $ 128 million.

Additionally, in 2018, Kakao's native Klaytn blockchain token "Klay", "Korean version of WeChat," raised $ 90 million through ICO.

Tencent finalized its investment in Kakao in April 2012 and acquired 13.84% stake in Kakao for 403 million yuan, becoming the second largest owner.

Unlike Kik Chat, Klaytn also relies on its social media tool, Kakao, but Klayth's growth in South Korea has been supported by the government and financial institutions. The Klaytn project has also developed a global ecosystem thanks to more than 30 well-known partners, including Binance, Huobi, LG Electronics, SK Korea Telecom and MakerDAO.

According to third party data, Klay launched several cryptocurrency exchanges and according to the press release, the Llay token was valued at $ 1.31 and had a second market value of $ 3.344 billion.

Tencent attitude

Tencent's attitude towards cryptocurrencies has always been strong.

Ma Huateng said at the Tencent 2018 briefing that blockchain is a hot topic and everyone is talking about it. Many game companies have announced digital benefits. Sending messages to anyone is very dangerous. Tencent won't.

On the evening of November 4 last year, Tencent Chairman Liu Chiping told Hong Kong Fintech Week that in 10 years the world will not enter the land of cryptocurrency. . He believes cryptocurrencies have three values. The first is digital gold, the second is the ability to add software services for integration with the blockchain ecosystem, and the third is public anonymous outside of regulation.

Liu Chiping also pointed out that the industry needs anonymity to always be good, but as supervision and management change, opportunities and restrictions will be restricted. In addition to cryptocurrencies, he said blockchain is the largest and most expanding, and blockchain technology will help improve the financial economy ecosystem in the future.

Liu Chiping said, “Looking to the future, the world has always said it needs a profitable market, but I don't think the world needs a lot of digital gold and the number of crypto. -currencies that can play this role. "

In addition to the above, Tencent's own blockchain company is also working to dispel cryptocurrency skepticism.

Since the first half of this year, NFTs powered by blockchain technology have been on fire. In August, Tencent's PCG conglomerate announced the “Phantom Core” app, the country's first NFT.

At the start of its announcement, Tencent said that the blockchain technology, which is the basis of the MagicCore application platform, will be based on the "Zhixin Chain" joint venture that Tencent is affiliated with, and its products. NFT here can be designed. or not. -transferable. on. by provenance. On August 3, the Tencent 'Magic Core' community announced the terms of participation in the acquisition of NFT.

Research firm Tencent published an article indicating that Tencent is deeply considering the announcement of NFTs in cooperation with the chains.

In October, Magic Core also deleted the word NFT and replaced it with “digital devices”. At the time, a Tencent MagicCore insider told the Blockchain Daily reporter that Tencent MagicCore is committed to respecting the digital signage industry. We censor real-name content, all logins, do not open the transfer of users' digital products, and firmly prevent any intrusion involving virtual currency. for

A Magic Core staff member said, “The business logic of the Magic Core digital collection is completely different from the internal logic and expansion of foreign companies not controlled by NFT.