China’s Taiyi Group Acquires Huobi’s Communication Tool for Metaverse Exploration #togrp7

Chinese companies are increasingly focusing their attention on developing the metaverse space. Despite the top-down state control, companies have made big investments in both hardware and software. Taiyi Group is one such organization that has now announced the acquisition of Huobi’s communication tool, dubbed Huoxun. According to a recent report, the goal is to develop Huoxin into the world’s first social platform with a focus on data storage and the development of metaverse. Since launching, Huoxun has managed to has attracted over 7 million registered users.#togrp7