Huawei NFTs, Toyota’s hackathon, North Korea vs. Blockchain: Asia Express – Cointelegraph Magazine

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Huawei NFTs, Toyota’s hackathon, North Korea vs. Blockchain: Asia Express – Cointelegraph Magazine
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Asia Express Weekly 🚋 The industry’s most important developments from East Asia: 🖼️ Huawei moves to trademark its NFTs 🚘 Toyota sponsors blockchain hackathon 🟡 No Binance metaverse for now 💻 North Korea vs. Blockchain & more! Read the roundup:

Huawei moves to trademark its NFTsby Sina News, Chinese telecom giant Huawei has recently filed for eight trademarks related to its Huawei “YunYunBao” nonfungible tokens series. The trademarks include digital collectibles in the scientific instruments, furniture, education, jewelry, advertising and telecom sectors. Last April, Huawei

its YunYunBao NFTs, featuring characters inspired by its namesake cloud service. Huawei NFTs are minted on its proprietary Huawei Petal Chain, which the telecom giant says has over 1,000 nodes and can handle over 50,000 transactions per second. that Astar had received a sponsorship from Japanese automobile manufacturer Toyota for its latest Web3 hackathon. Astar is currently a parachain built on the Polkadot blockchain.

According to Watanabe, over $100,000 in prizes will be distributed to projects that develop “intra-company DAO [Decentralized Autonomous Organization] support tools for this hackathon which Toyota employees may actually use in the future.” The hackathon will run from Feb. 14 to March 25.“Needless to say, Toyota is the largest company in Japan and one of the world’s leading international companies,” Watanabe wrote. “We are very excited to be hosting the Web3 Hackathon on Astar with Toyota.

“North Korea-linked hackers tend to send much of what they steal to other DeFi protocols, not because these protocols are effective for money laundering — they’re actually quite bad for money laundering given their increased transparency compared to centralized services — but rather because DeFi hacks often result in cybercriminals acquiring large quantities of illiquid tokens that aren’t listed at centralized exchanges.

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