Strategy Note /
China

Tencent-backed Soul App foreshadows wave of fake metaverse startups in China

  • Soul is a networking app operating a digital socializing space for China's Generation Z

  • With the crypto market surge, NFT boom, Facebook rebrandings, Metaverse concept has been receiving increasing attention

  • The online networking application is favored by high-profile investors for its traffic, not for its fairy tales

Niko Yang
Niko Yang

Senior Analyst

EqualOcean
11 November 2021
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