ChainCatcher news, Hangzhou Shangcheng District has released several measures to accelerate the innovation and development of the metaverse industry. These measures apply to metaverse enterprises that have newly settled in Shangcheng District and are engaged in legal operations, focusing on key core technologies of the metaverse such as blockchain, artificial intelligence, interactive technology, high-performance computing chips, XR terminals, as well as basic software development, terminal equipment research and development, common technology platform construction, and digital content production.At the same time, Shangcheng District will also provide policy support for metaverse startups in areas such as entrepreneurial support, office subsidies, R&D subsidies, growth incentives, talent introduction and cultivation, financial support, benchmark scenarios, and ecological construction. Specific policies include: for newly settled metaverse entrepreneurial projects, upon recognition, a one-time establishment subsidy of 100,000 to 200,000 yuan will be granted; for metaverse enterprises with an annual main business income of 10 million yuan or more, upon recognition, a subsidy of up to 30% of the actual R&D investment for that year will be granted, with a maximum of 3 million yuan per enterprise and a subsidy period of up to three years; for enterprises that are newly included in the statistics, upon recognition, a one-time reward of 200,000 yuan will be granted. For enterprises that reach a certain scale, when their annual main business income first reaches 100 million, 300 million, 500 million, and 1 billion yuan, upon recognition, rewards of 100,000, 300,000, 500,000, and 1 million yuan will be granted respectively; for high-level talent innovation and entrepreneurship projects in the metaverse field, after the "Golden Boot Running" entrepreneurial project review, a maximum entrepreneurial subsidy of 10 million yuan will be granted, etc. (source link)

ChainCatcher news, Hangzhou Shangcheng District has released a series of policies aimed at promoting innovation in metaverse technology, accelerating the agglomeration of metaverse enterprises, constructing a metaverse industry ecosystem, and creating a leading area for the metaverse industry.It is understood that the series of policies includes multiple measures such as entrepreneurial support, office subsidies, R&D subsidies, growth incentives, talent introduction and cultivation, financial support, benchmark scenarios, and ecological construction. For instance, new metaverse entrepreneurial projects that settle in the area will receive a one-time startup subsidy of up to 200,000 yuan; enterprises renting their own office space will receive an annual subsidy of up to 2 million yuan, with a subsidy period of up to 3 years; and high-level talent innovation and entrepreneurship projects can receive a maximum subsidy of 10 million yuan. (source link)

ChainCatcher news, according to the inspection daily report, recently, the Hangzhou Gongshu District People's Procuratorate in Zhejiang Province filed a public prosecution, and the court sentenced the defendant Chen to three years in prison, with a four and a half year probation, and a fine of 7,000 yuan for the crimes of infringing on citizens' personal information and illegally obtaining data from computer information systems, with multiple sentences combined.On July 20, 2022, Chen accidentally discovered a vulnerability in the login mechanism of a certain digital collectibles platform. Upon investigation, Chen successfully logged into the accounts of more than 30 users and sold digital collectibles from 21 of those users at prices ranging from 1,400 yuan to 1,600 yuan each, totaling a profit of over 30,000 yuan. Currently, these 21 digital collectibles have been returned to the original user accounts. (source link)

ChainCatcher news, the Hangzhou Internet Court recently heard a case involving a dispute over an information network sales contract arising from the trading of NFT digital collectibles. The plaintiff, Wang, claimed that he purchased a blind box of NFT digital collectibles released by Company A through the purchasing channel announced in the notice, and paid 999 yuan after filling in his phone number and personal information. However, Company A did not deliver the product and forcibly refunded Wang after 10 days. Wang believed that Company A's actions infringed upon his legitimate rights and interests, so he brought the case to court, requesting that Company A fulfill the contract, and if unable to do so, compensate him for losses of 99,999 yuan. The defendant, Company A, argued that in order to prevent some users from using external software to make abnormal purchases of digital collectibles and to help users better understand the purchasing rules, the platform specifically issued a purchasing announcement before the sale of the product, stating the precautions.After hearing the case, the court held that the transaction involved NFT digital collectibles, and thus it was necessary to first confirm the legal attributes of NFT digital collectibles. Ultimately, the court concluded that NFT digital collectibles possess characteristics of property rights such as value, scarcity, disposability, and tradability, while also having unique attributes of network virtual property, including virtuality and technicality. Therefore, they belong to network virtual property, and the contract in question does not violate Chinese legal provisions, nor does it contravene the current policies and regulatory guidance aimed at preventing economic and financial risks in China, and should be protected by law. Consequently, the court dismissed Wang's claims. (source link)

ChainCatcher news, recently, the Xihu District of Hangzhou City issued the "Support Opinions on Building a High Ground for the Metaverse Industry in Xihu District" (hereinafter referred to as the "Opinions"). The "Opinions" increase subsidies for technological innovation in the metaverse from three aspects, enhancing the driving force for industrial development.According to the "Opinions," for enterprises related to the metaverse industry engaged in the research and development of core underlying technologies such as digital twins, artificial intelligence, augmented reality/virtual reality/mixed reality (AR/VR/MR), and blockchain, a subsidy of up to 30% of the R&D project costs, with a maximum of 2 million yuan for a single project, will be granted upon recognition.The "Opinions" clarify the support for the construction of characteristic industrial parks (platforms) related to the metaverse. National-level and provincial-level characteristic industrial parks (platforms) that are recognized will receive a one-time reward of 2 million yuan and 1 million yuan, respectively. In addition, "Metaverse+" scene applications in various fields are encouraged, with projects included in national and provincial industry application pilot (demonstration) programs and serving as leading units receiving funding of 500,000 yuan and 300,000 yuan, respectively.At the same time, the "Opinions" strengthen support for the introduction and cultivation of talent in the metaverse industry. For high-level talents from home and abroad in the metaverse industry who come to Xihu District for innovation and entrepreneurship, a startup funding support of up to 5 million to 10 million yuan will be provided. (Source link)